Investment Platforms and Marketplaces

January 20, 2023 @ 4:23 pm By JD Alois  |  

  Wefunder has distributed a Tweet noting that it led the pack in regard to Regulation Crowdfunding (Reg CF) funding during 2022. Reg CF is a securities exemption that allows an issuer (company) to raise up to $5 million in an online investment offering. Both… Read More

January 20, 2023 @ 7:35 am By JD Alois  |  

Late last night, Genesis, part of the Digital Currency Group (DCG), filed for Chapter 11 bankruptcy protection as it looks to restructure in light of a challenging environment in the crypto sector which has impacted multiple firms. Genesis is a digital asset prime brokerage that… Read More

January 19, 2023 @ 4:44 pm By JD Alois  |  

EquityZen founder and Chief Strategy Officer Phil Haslett is seeing a pick up in the secondary market, which can be seen as a precursor to traditional IPOs, according to an email from the firm. EquityZen is a top secondary trading platform for private securities. Since its… Read More

January 19, 2023 @ 12:39 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has charged Caroline Ellison, the former CEO of Alameda Research, and Zixiao (Gary) Wang, the former Chief Technology Officer of FTX Trading Ltd. (FTX), for their part in the “multi-year scheme” to commit fraud in regards to FTX, once… Read More

January 19, 2023 @ 12:18 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed a litigation release regarding allegations that Sam Bankman-Fried defrauded equity investors in FTX. The U.S. Attorney’s Office for the Southern District of New York and the Commodity Futures Trading Commission (CFTC) have also announced charges against Bankman-Fried…. Read More

January 19, 2023 @ 9:29 am By JD Alois  |  

October, a European marketplace lending platform providing access to capital for SMEs, has received a €35 million commitment from the European Investment Fund (EIF) and Netherlands-based Invest-NL. The capital is split between the two entities with the EIF providing €20 million and Invest-NL the rest… Read More

January 18, 2023 @ 8:48 pm By Omar Faridi  |  

Finance software startup Quartr and investment platform Lightyear announce a partnership to bring Quartr’s convenient “access to earnings calls audios, reports and slide decks to the Lightyear platform.” Quartr has “collected company information from roughly 7,000 listed companies and have, since this autumn, started redistributing… Read More

January 18, 2023 @ 12:13 pm By JD Alois  |  

StartEngine, a leading US-based investment crowdfunding platform, is reporting that it raised $33.9 million during Q4 2022 under the Reg A+ (Regulation A) and Reg CF (Regulation Crowdfunding) exemptions. StartEngine added that this surpassed its two largest competitors. According to StartEngine, Wefunder raised $23.9 million,… Read More

January 18, 2023 @ 11:24 am By JD Alois  |  

Sam Bankman-Fried, the founder and former CEO of FTX who is now under indictment for allegations of fraud, has returned to his substack, declaring that FTX US was and is solvent. Bankman-Fried previously provided an FTX “post-mortem” following his release on bail. He disputes a… Read More

January 18, 2023 @ 11:10 am By JD Alois  |  

  Tim Draper and the Draper Venture Network (DVN) have just announced a new option to invest in private investments.  The Draper Round Table will launch this January that aims to enable family offices, venture capitalists, angel investors, and other “solo-capitalists” to access a syndication… Read More

January 17, 2023 @ 10:12 pm By Omar Faridi  |  

The past year has been “challenging,” according to an update from Robo.cash. However, Robocash says it’s time to take stock and start 2023 “with new goals and plans.” The Robo.cash team is pleased to share the results of their creditors for 2022. RC Riga Kazakhstan… Read More

January 17, 2023 @ 5:08 pm By JD Alois  |  

OKX has announced a new feature labeled “Copy Trading” in a move to “overhaul the trading experience.” Copy Trading is a tool that enables Social Trading. Users can follow high-performing traders and replicate their trades in new real-time. OKX states that there is a common… Read More

January 17, 2023 @ 12:15 pm By JD Alois  |  

Property investment and financing platform Capital Rise has announced four new hires following a “period of substantial growth.” The positive report follows Capital Rise surpassing £200 million in loan originations during Q4 of 2022. About half of this amount was financed during the 12 month… Read More

January 16, 2023 @ 11:24 am By JD Alois  |  

The founders of Envato and Up have joined to back Bloom Impact Investing, a “climate-focused Fintech.” According to an email, Euphemia, the family office of Up co-founder Dominic Pym, together with Envato founders Collis and Cyan Ta’eed have led a seed round of $525,000, At… Read More

January 16, 2023 @ 9:25 am By Omar Faridi  |  

  2022 was a year of challenges, but also “huge wins” for Mintos and their investors, the company claims. During 2022, Mintos launched a new financial instrument, Notes, “benefiting our investors with investor protection mechanisms.” They also celebrated “reaching a milestone of 500 000 registered… Read More

January 14, 2023 @ 8:33 pm By Omar Faridi  |  

tZERO is pleased to announce the appointment of William Andreozzi as the new Chief Technology Officer. William brings “a wealth of experience and knowledge in the field of digital asset trading and blockchain technology to the company.” With over 30 years of experience in the… Read More

January 13, 2023 @ 4:37 pm By JD Alois  |  

It has not been that long since Nexo decided to exit the US market, but in recent days the offices of Nexo have been raided in Bulgaria according to multiple reports. While based in London, Nexo is affiliated with a former member of the Bulgarian… Read More

January 13, 2023 @ 3:33 pm By JD Alois  |  

Seedrs, one of the largest securities crowdfunding platforms in the world after it combined with Republic, has published a report on investment activity on its platform.  The Republic deal closed during Q4, and Seedrs is now poised to provide investment opportunities across Europe, under ECSPR… Read More

January 13, 2023 @ 8:15 am By Omar Faridi  |  

Digital asset firm Gemini says it’s pleased to announce support for Cosmos (ATOM), adding a new blockchain to Gemini’s growing list of supported networks. ATOM is now “available for deposits on Gemini.” Trading for ATOM will follow, “opening first on our API/FIX and ActiveTrader applications… Read More

January 13, 2023 @ 8:09 am By JD Alois  |  

In a company update, Crypto.com announced that it has decided to cut its workforce by 20%, joining a litany of Fintechs that have been compelled to reduce costs due to the difficult economy. The company did not provide an exact number of job losses. Kris… Read More