October 23, 2017 @ 4:52 pm By JD Alois  |  

FAT Brands, (FAT stands for Fresh. Authentic. Tasty), opened trading today on the NASDAQ under ticker symbol FAT becoming one of a growing list of issuers leveraging Reg A+ to raise capital from both accredited and non-accredited investors quickly followed by a listing on a… Read More

October 23, 2017 @ 4:20 pm By JD Alois  |  

A law suite between investors and LendingClub (NYSE:LC) received the green light to proceed as a class action from US District Judge William Alsup in California last week. The case stems from investors who purchased shares in the online lender only to see the value… Read More

October 23, 2017 @ 3:31 pm By JD Alois  |  

SoFi (or Social Finance) held talks with Charles Schwab about a potential acquisition earlier this year. The high-profile Fintech firm apparently discussed an $8 billion valuation following an “indicative offer of $6 billion” from a foreign bank. This is according to a report in the… Read More

October 23, 2017 @ 1:30 pm By JD Alois  |  

Mambu is a Software as a Service (SaaS) platform that has quickly differentiated its product as a leader in the white label core banking space. The cloud based service provides a path for both traditional finance and Fintech’s to rapidly launch a digitally native financial… Read More

October 23, 2017 @ 12:04 pm By JD Alois  |  

The UK Peer to Peer Finance Association (P2PFA) has published their quarterly numbers on sector growth for the third quarter of 2017. Covering the period between July and September 2017,  the P2PFA says the numbers confirm continued steady growth in levels of new lending and… Read More

October 23, 2017 @ 11:09 am By JD Alois  |  

Blaine McLaughlin, Chief Operating Officer of VIA Folio, believes issuers leveraging Reg A+ to crowdfund their business  “should think differently about generating investor interest if they are to achieve their fundraising goals.” McLaughlin was referencing, in part, the Securities and Exchange Commission’s statement that expectations have fallen short… Read More

October 23, 2017 @ 10:44 am By JD Alois  |  

Varo Money, Inc., a digital banking app has announced an expansion to its digital banking app: Varo Forecast, a tool to help customers understand their real cash flow situation and calibrate their spending. Varo says it has also expanded its core product offering to include… Read More

October 23, 2017 @ 10:10 am By JD Alois  |  

Abu Dhabi Global Market (ADGM) has announced two major initiatives: the launch of the ADGM FinTech Innovation Centre and a global partnership with world’s largest startup accelerator Plug and Play. These announcements were revealed at the inaugural FinTech Abu Dhabi Summit. These two Fintech projects… Read More

October 23, 2017 @ 9:49 am By JD Alois  |  

It is a truism that nothing is 100% safe from being hacked. While Blockchain, or Distributed Ledger Technology, widely claims to be hack proof, there are always ways to break into transactional processes.  One example is there CoinDash saw its Initial Coin Offering was hacked… Read More

October 23, 2017 @ 9:14 am By JD Alois  |  

“I just don’t believe this Bitcoin thing.” – Prince Alwaleed Bin Talal Kingdom Holding Company Chairman Prince Alwaleed Bin Talal was interviewed on CNBC today where he discussed a plethora of political and financial topics. The one that appears to be capturing the most attention… Read More

October 23, 2017 @ 8:26 am By JD Alois  |  

Wrisk wants to give insurance a digital upgrade and it is crowdfunding on Seedrs to finance its vision of of insurance. Wrisk is seeking a minimum raise of £500,000 at a pre-money valuation of £7 million. Launched today, the Insurtech company has already raised over… Read More

October 23, 2017 @ 7:50 am By JD Alois  |  

One of the four largest banks in Australia, National Australia Bank (NAB), has partnered on the upcoming Fintech hackathon taking place during Australia’s first Fintech festival – Intersekt. The hackathon expects to find new ways for businesses to benefit from improved and smarter access to… Read More

October 23, 2017 @ 7:37 am By JD Alois  |  

Citing clear demand, Marvelstone has announced their intent to open an extension of the Singapore based LATTICE80 Fintech hub in New York City at some point during 2018. The New York office is seen as a bridge to help connect Asia’s and the US’s Fintech… Read More

October 22, 2017 @ 8:39 pm By JD Alois  |  

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, has announced its second batch of Regulatory Laboratory or “Reglab” participants including 11 local and international Fintech startups. ADGM says the participants were selected from a pool of 22 applications for their Sandbox… Read More

October 22, 2017 @ 7:00 pm By JD Alois  |  

Fundera, an online lending comparison site, has partnered with Oliver Wyman on a report about SME lending. Entitled, “Great Expectations: Improving the loan application process for small business borrowers, the document effectively labels the traditional borrowing process as broken. Their research concludes that banks generally… Read More

October 22, 2017 @ 6:00 pm By JD Alois  |  

Crowdfund Capital Advisors (CCA) has launched a new database that incorporates all Reg CF portals and offerings. Called CCLEAR, the service is described as enabling entrepreneurs, investors, policy-makers,  and educators to easily analyze all Regulation Crowdfunding (Reg CF) offering data since the launch of the industry… Read More

October 22, 2017 @ 10:30 am By JD Alois  |  

Eidoo, a multi-currency wallet, hybrid exchange and token sale engine, announced that Eidoo tokens (EDO) will be listed on Bitfinex, a Bitcoin trading platform, against the pairs USD and Bitcoin.  The announcement follows a successful token sale that apparently raised $27.9 million on October 16th. Eidoo… Read More

October 22, 2017 @ 2:30 am By JD Alois  |  

Fincera Inc. (OTCQB: YUANF), a provider of online financing and e-commerce services for small and medium – sized businesses and individuals in China, has reported financial results for the second quarter ended June 30 , 2017. According to their numbers, loan transaction volume across both… Read More

October 21, 2017 @ 3:05 pm By JD Alois  |  

Boston based law firm Block & Leviton has initiated an investigation into the Tezos Initial Coin Offering (ICO). Tezos raised about $232 million in one of the largest ICOs of all time several months back. Since the date of the ICO the price of Crypto… Read More

October 21, 2017 @ 11:07 am By JD Alois  |  

The inaugural FinTech Abu Dhabi event will kick-off tomorrow (October 22nd) with a group of regional and international leaders from the global Fintech community. The creation of the event is in recognition of the growing importance of Fintech for financial centers and the financial services… Read More