July 29, 2019 @ 8:11 am By JD Alois  |  

Digital-only challenger bank Starling Bank has partnered with SumUp, a mobile point of sale Fintech, to provide small merchants with access to faster settlements. Starling Bank has created not only a digital bank offering but a digital marketplace where both businesses and individuals may access… Read More

July 29, 2019 @ 6:59 am By JD Alois  |  

Last week, peer to peer lender Viventor selected Andrius Bolšaitis as the new CEO of the online lender. In a release, the company said previous CEO Toms Niparts was departing the firm to start a new, unnamed company. Viventor, based in Riga, is a P2P… Read More

July 28, 2019 @ 10:44 pm By JD Alois  |  

The global Fintech build-out continues as investment continues at an accelerating pace and M&A is on track for all time highs. According to the quarterly Fintech report from FT Partners, Q2 2019 Fintech financing hit $10.9 billion – the second best quarter ever. M&As for… Read More

July 27, 2019 @ 3:09 pm By JD Alois  |  

Fintech Stackin has raised $4 million from 13 different investors, according to a Form D filed with the Securities and Exchange Commission. According to Crunchbase, Stackin has now raised $7 million in total. Stackin is a steath bank like app that is described as your… Read More

July 27, 2019 @ 2:10 pm By JD Alois  |  

Next Tuesday, the US Senate Committee on Banking will hold its next crypto-focused hearing. Earlier this month, the same Committee held a hearing on Facebook’s proposed stablecoin, Libra. The Committee struggled with the concept largely due to the lack of trust regarding Facebook’s profound abuse… Read More

July 26, 2019 @ 7:00 pm By JD Alois  |  

Fraxtor Capital Private Limited, a real estate “co-investment” platform, reports that it has closed an equity round by investors backing a freehold development project in Singapore. Accredited investors could access the offering via the online platform. Incorporated in January 2017, Fraxtor stands for “Fractional Investors”… Read More

July 26, 2019 @ 2:40 pm By JD Alois  |  

The US Internal Revenue Service (IRS) is sending letters to taxpayers with “virtual currency transactions” to pay your taxes (or else!). For some time now, the IRS has required crypto exchanges such as Coinbase to share transaction details so there is no hiding from the… Read More

July 26, 2019 @ 12:00 pm By JD Alois  |  

Crowdfunding Platform Tops $100 Million in Funding StartEngine, one of the largest crowdfunding platforms in the US, has been approved as a broker-dealer. Following 18 months of working with regulators, Broker-Dealer StartEngine Primary, is now a wholly-owned subsidiary of StartEngine Crowdfunding Inc. and is registered… Read More

July 26, 2019 @ 11:11 am By JD Alois  |  

International money transfer Fintech Paysend has closed an £8.5 million Series B funding round. The securities offering was combination VC/crowdfunding offer as GVA invested £3.95 million while smaller investors contributed £4.26 million via the Seedrs crowdfunding platform. The additional capital will be used to fuel… Read More

July 26, 2019 @ 10:22 am By JD Alois  |  

Following the Securities and Exchange Commission (SEC) no-action letter for their blockchain based “Quarters” tokens made for the game industry, Pocketful of Quarters (PoQ) has issued a statement on the decision. Pocketful of Quarters was the concept of 13-year-old founder & Chairman, George B. Weiksner…. Read More

July 26, 2019 @ 9:09 am By JD Alois  |  

On the same day DLXLaw sent a letter requesting “no-action” by the Securities and Exchange Commission (SEC) Enforcement Division, Pocketful of Quarters received a response from the SEC indicating its intent not to take any action against the blockchain-based platform. DLXLaw is a boutique law… Read More

July 25, 2019 @ 2:50 pm By JD Alois  |  

Bitbond, a peer to peer lending platform that recently completed a security token offering for a bond-like security (BB1), has said the token is now tradable. In a tweet, Bitbond claimed the title of the first regulated EU security token to accomplish this feat. It… Read More

July 25, 2019 @ 2:24 pm By JD Alois  |  

There is a lot of debate regarding the efficacy of distributed ledger technology (DLT)/Blockchain and how it will impact financial services as well as other industries. Regardless of your point of view, it is clear that blockchain has compelled established financial firms to up their… Read More

July 25, 2019 @ 11:30 am By JD Alois  |  

A security token offering backed by real estate has been launched by Property Token SA in Luxembourg. This is the first STO issuance in the Grand Duchy. The digital offering has been completed with the support of Tokeny Solutions, a law firm and consulting firm… Read More

July 25, 2019 @ 11:13 am By JD Alois  |  

Thailand’s Ministry of Finance has granted Huobi a digital asset trading license. This will be the 5th such license approved in Thailand. The license allows Huobi to trade in tokens and fiat. In May of 2018, Thailand announced that only compliant and approved platforms could… Read More

July 25, 2019 @ 11:02 am By JD Alois  |  

The United Kingdom is host to the most robust securities crowdfunding market in the world. Issuers may raise as much money as they want online. Mostly, all types of investors may participate. There is a prospectus requirement kicks in at €8 million creating a significant… Read More

July 25, 2019 @ 10:10 am By JD Alois  |  

The Cannabis sector is smoking hot. The initial euphoria of legalization in Canada and multiple US state has pushed individual Marijuana focused companies to all time highs. Cambria Investment Management is capitalizing on this rush by launching a new exchange-traded fund: Cambria Cannabis ETF. The… Read More

July 25, 2019 @ 9:57 am By JD Alois  |  

The tZERO mobile wallet App is now available on Android. Previously, the app was only available on iOS which is highly rated in the Apple App Store. tZero is the blockchain-focused subsidiary of Overstock (NASDAQ:OSTK). The mobile app allows investors to participate in the “global… Read More

July 25, 2019 @ 8:26 am By JD Alois  |  

Phone House, a European electronics retailers and telecommunications providers, has formed a partnership with UTtrust, a cryptocurrency payment solution. UTrust, based in Switzerland, went live earlier this year when football club Benifica enlisted its services to accept cryptocurrency payments. Beginning next month, Phone House customers… Read More

July 24, 2019 @ 5:23 pm By JD Alois  |  

Fintech Betterment announced yesterday it was becoming more like a bank. The Robo-advisor with more than $15 billion under management revealed “Betterment Everyday”. The new service offered FDIC-insured checking and savings accounts minus all of the typical fees that traditional banks tend to slap on…. Read More