June 3, 2019 @ 11:18 pm By JD Alois  |  

Last Friday, the Securities and Exchange Commission (SEC) held its first Fintech Forum in years. The topic of discussion was the regulation of digital assets and distributed ledger technology (DLT). The interaction between presenters and SEC staff provided a glimpse into the progress and struggle… Read More

June 3, 2019 @ 2:41 pm By JD Alois  |  

Peer to peer lender Lendy is no more. On May 24, the online lender went into administration. According to the Lendy website: The administrators are working closely with the FCA who consented to their appointment over the Companies. This website will be used to provide… Read More

June 3, 2019 @ 12:21 pm By JD Alois  |  

The Securities and Exchange Commission’s (SEC) strategic Fintech group known as FinHub has scheduled several open office hours for regional offices. SEC staff seeks to engage with Fintech communities across the US and expectations are for these “peer to peer” meetings to take place on… Read More

June 3, 2019 @ 10:47 am By JD Alois  |  

Phunware, Inc. (NASDAQ: PHUN), a cloud platform for mobile that provides solutions and services for brands worldwide, has announced the introduction of the “Phun utility token”. Not too long ago, Phunware issued PhunCoin security tokens. Phunware sold part of the issuance using CoinList’s compliance services… Read More

June 3, 2019 @ 10:14 am By JD Alois  |  

Last week, the BOX Exchange filed a proposed rule change with the Securities and Exchange Commission (SEC). BOX has partnered with tZero to trade digital assets, or security tokens, in a new entity called the Boston Security Token Exchange (BSTX). The filing is over 400… Read More

June 3, 2019 @ 8:42 am By JD Alois  |  

Announced at Money2020 Europe in Amsterdam, TransferMate is now offering an API, allowing software partners and business customers access to its globally regulated payments technology through direct integration. TransferMate says it can now enable same day payments across 162 countries and 134 currencies. The TransferMate… Read More

June 3, 2019 @ 8:26 am By JD Alois  |  

BitMEX Ventures, the investment arm the BitMEX crypto exchange (HDR Global Trading Ltd), has invested in Philippine Digital Asset Exchange (PDAX), a cryptocurrency exchange based in the Philippines. Terms of the investment were not disclosed. In a release, BitMEX said its investment will help strengthen… Read More

June 3, 2019 @ 8:05 am By JD Alois  |  

Digital challenger bank Penta has appointed a new Chief Executive Officer. Marko Wenthin, co-founder of solarisBank, will move into the CEO role joining the management team consisting of Jessica Holzbach, Chief Customer Officer, Luka Ivicevic, Chief of Staff, Lukas Zörner, Chief Product Officer and Matteo Concas,… Read More

June 3, 2019 @ 7:43 am By JD Alois  |  

Payments and loyalty Fintech Yoyo has announced that David Yates, former president of New Payment Platforms at Mastercard and now a senior advisor to Mastercard, has taken on the role of chairman of the company. Yoyo combines payment, loyalty and marketing to increase customer lifetime… Read More

June 3, 2019 @ 7:27 am By JD Alois  |  

Payday loan alternative Wagestream has issued a release stating the Financial Ombudsman Service (FOS) has received 47,220 complaints against payday lenders since 2018. Yet while many complaints have been received only a fraction have been resolved. Wagestream states that only one out of three are… Read More

June 2, 2019 @ 10:41 pm By JD Alois  |  

Envestors is a “Fintech company that connects investors and scale-up businesses.” Part crowdfunding platform, part angel investor network, and part software as a service. Envestors launched in 2004 as a private investor network for early-stage firms. A digital platform followed in 2013 to directly connect… Read More

June 2, 2019 @ 2:46 pm By JD Alois  |  

Frente Corretora de Câmbio, a Brazilian money transfer and remittance platform, wants to become the “Transferwise of Brazi” by leveraging Ripple to provide low-cost transfers. According to a report in Exame, Frente is the 15th largest currency brokerage in the country. Frente wants to be in… Read More

June 2, 2019 @ 2:24 pm By JD Alois  |  

Cannabis company BOL Pharma (Breath of Life International) is preparing an initial public offering on the Toronto Stock Exchange (TSX). This is according to a company release and a preliminary prospectus filed in Canada. It was reported that BOL will have a valuation of around… Read More

June 2, 2019 @ 1:47 pm By JD Alois  |  

Last week, Crowdfund Insider reported on the International Organization of Securities Commissions (IOSCO) consultation pertaining to “crypto asset trading platforms” or “CTPs.” As part of the consultation, IOSCO presented a series of issues and risks affiliated with digital assets and the trading of these assets… Read More

June 1, 2019 @ 11:11 am By JD Alois  |  

In an email distributed yesterday (May 31), Blockstack announced the commencement of “Testing the Waters” for a potential security token offering (STO) under the Reg A+ security exemption. Last month Blockstack Token LLC filed a Form 1-A and offering circular with the Securities and Exchange… Read More

June 1, 2019 @ 10:35 am By JD Alois  |  

“We have a crypto family at the SEC.” Yesterday, the Security and Exchange Commission (SEC) held its first Fintech Forum in quite some time with the event focusing specifically on distributed ledger technology (DLT or blockchain) and digital assets. The new tech has challenged the… Read More

May 30, 2019 @ 4:11 pm By JD Alois  |  

SoFi, one of the largest Fintechs in the US, just closed on a $500 million funding round led by the Qatar Investment Authority. The valuation of the Fintech was reported at $4.3 billion – well into Unicorn status but not much of an approvement in… Read More

May 30, 2019 @ 1:07 pm By JD Alois  |  

MarketOrders, a B2B platform that enables users to buy gold and diamond jewelry directly from international suppliers, is raising capital on Crowdcube. According to the campaign page, MarketOrders is seeking a £400,000 minimum raise selling an 8.16% equity stake in the firm at a £4.5… Read More

May 30, 2019 @ 12:48 pm By JD Alois  |  

Standard Tokenization Protocol (STP) has raised $7 million in funding, according to a release. The STP-Standard is said to be an open source standard that defines how tokenized assets are created, issued, transmitted, and received in compliance with all necessary regulations. STP states that their… Read More

May 30, 2019 @ 9:42 am By JD Alois  |  

Online lender creditshelf (CSQ.F) has reported financial results for the first quarter of fiscal year 2019. According to the Germany-based Fintech, revenues tripled in the first quarter versus the same period year prior. creditshelf is a marketplace lender that matches investors to SMEs in need… Read More