December 1, 2019 @ 8:44 pm By JD Alois  |  

MoneyGram (NASDAQ: MGI) has completed an investment by Ripple. According to an 8K filed with the Securities and Exchange Commission, Ripple has agreed to purchase up to $50 million of common stock and ten-year warrants to purchase Common Stock. On November 22, 2019, an “Additional… Read More

December 1, 2019 @ 9:36 am By JD Alois  |  

Oval Money, an App that seeks to provide money management services to European users, is raising capital on Seedrs. The offering is in overfunding mode as it has already topped its £1 million goal of selling an equity stake of 2.05% at a pre-money valuation… Read More

December 1, 2019 @ 9:12 am By JD Alois  |  

Mark Carney, the Governor of the Bank of England, has been appointed as the United Nations Special Envoy for Climate Action and Finance. As part of this role, Carney will support the Secretary-General’s climate strategy by galvanizing climate action and transforming climate finance, according to… Read More

November 30, 2019 @ 11:57 pm By JD Alois  |  

Kelly Loeffler, the CEO of Bakkt – a digital asset exchange and a subsidiary of ICE, has been selected by the Governor of Georgia to fill an open seat in the US Senate. Thank you @GovKemp for this important opportunity to serve our state and… Read More

November 30, 2019 @ 6:36 pm By JD Alois  |  

Winc, a “modern winery” that wants to directly connect their brands to consumers is looking to raise up to  $14,999,550 in a Series D round hosted on SeedInvest. The securities offering for preferred equity is being offered under Reg A+. SeedInvest highly vets issuers that… Read More

November 30, 2019 @ 12:31 pm By JD Alois  |  

Decimal Factor has topped its £850,000 crowdfunding goal on Seedrs. The Fintech is offering a 4.76% equity stake at a pre-money valuation of £17 million and has now inched into over-funding mode. So far, 88 investors have backed the firm representing an average investment of… Read More

November 29, 2019 @ 9:38 am By JD Alois  |  

The Swiss Federal Council has moved to improved the legal certainty regarding the framework for the utilization of blockchain or distributed ledger technology (DLT).  During a meeting on November 27th, the Federal Council adopted language designed to mitigate risk while removing barriers for DLT utilization…. Read More

November 29, 2019 @ 8:18 am By JD Alois  |  

An opaque cryptocurrency exchange IDAX Global has reported that its CEO has disappeared. The news comes at a time when the exchange was experiencing “channel congestion” for withdrawals.” Several days ago, IDAX Global posted the following note: Dear IDAX users: Recently, the demand for IDAX… Read More

November 28, 2019 @ 12:19 pm By JD Alois  |  

Digital bank Revolut is now offering direct debits for UK accounts. Customers with UK accounts may now set up GBP direct debits to pay for items such as club memberships or utility fees. Revolut adds that customers will be safeguarded against certain types of fraud… Read More

November 28, 2019 @ 12:09 pm By JD Alois  |  

LendInvest, the Fintech marketplace for property finance, has promoted Andy Virgo from Business Development Manager to Head of Key Accounts for LendInvest. In this new role, he will be championing the day to day relationship management of LendInvest’s distribution network, including Mortgage Clubs and Networks. … Read More

November 28, 2019 @ 11:20 am By JD Alois  |  

Draper Espirit (LSE:GROW.L), the Europe-focused tech investment firm, has recently posted interim results as of September 30, 2019. According to Draper Esprit, the company remains on course to achieve its stated goal of delivering a portfolio return of 20% for the full year, having generated… Read More

November 28, 2019 @ 8:43 am By JD Alois  |  

This week, the Ontario Securities Commission (OSC) published a report on how it intends to dramatically reduce the regulatory burden in Canada’s most economically robust province. The report was completed after a 12 month review period and supported by the Ontario Ministry of Finance. Governments… Read More

November 27, 2019 @ 3:20 pm By JD Alois  |  

Robinhood, a Fintech that seeks to provide a growing number of banking services, has pulled its application for a national bank charter filed with the Office of the Comptroller of the Currency (OCC), according to a report by CNBC. Robinhood filed for a “Charter National… Read More

November 27, 2019 @ 2:37 pm By JD Alois  |  

Tarya Fintech, a “financial platform as a service (F-PaaS), has launched its services internationally, according to a release from the company. According to its website, Tarya is part of the Tarya Holding Group, an international company operating an alternative investment platform in Israel, with two… Read More

November 27, 2019 @ 1:05 pm By JD Alois  |  

Robo.cash, a short term consumer lender operating in multiple markets, says that consumers are becoming more confident about peer to peer lending. According to an in-house survey, 64.9% of the European P2P investors have “full confidence in P2P lending.” Additionally, 52.3% of respondents mentioned that… Read More

November 27, 2019 @ 12:57 am By JD Alois  |  

US Deputy Secretary of the Treasury Justin Muzinich delivered a speech this week where he addressed the emerging landscape of digital currencies. Muzinich commented on the “broader innovation trends that are shaping our banking and financial system.” Muzinich said: “While banks today provide a range… Read More

November 26, 2019 @ 9:47 pm By JD Alois  |  

In advance of a forthcoming referendum on Cannabis, over $6 million has been raised for medicinal marijuana startups in the past 18 months via investment platform PledgeMe. The New Zealand government is poised to determine whether marijuana should be legalized and regulated for recreational use…. Read More

November 26, 2019 @ 3:44 pm By JD Alois  |  

On November 12, the Securities and Exchange Commission (SEC), Small Business Capital Formation Advisory Committee, met in Washington, DC to discuss several important issues that impact small businesses in the US. As one would expect, the discussion included the ongoing challenge of providing access to… Read More

November 26, 2019 @ 12:10 pm By JD Alois  |  

Buyaladdin Inc. has joined the “Affiliate Program” of Overstock (NASDAQ:OSTK). Buyaladdin will now have access to Overstock’s assortment of new home goods products. Buyaladdin plans to launch this initiative in the first quarter of 2020. According to a release, tZERO – a blockchain subsidiary of… Read More

November 26, 2019 @ 8:32 am By JD Alois  |  

The UK Financial Conduct Authority (FCA)  will ban the mass marketing of “speculative mini-bonds” to retail investors beginning January 1, 2020. The FCA is banning these mini-bond promotions without a consultation by using its “product intervention powers.” The ban will be in place for 12… Read More