Investment Platforms and Marketplaces

March 22, 2021 @ 7:03 am By JD Alois  |  

OurCrowd portfolio company SaNOtize Research & Development Corp. has received interim approval to sell its COVID-19 treatment Nitric Oxide Nasal Spray (NONS). The spray is said to protect users from viruses that enter the body through the upper nasal pathways. The spray will be sold… Read More

March 21, 2021 @ 10:24 pm By Omar Faridi  |  

  Milind Mehere, founder and CEO of YieldStreet, a digital wealth management platform that aims to transform the way financial products are delivered and how wealth is created, notes that the world had to deal with major challenges during last year’s “roller coaster ride” due… Read More

March 21, 2021 @ 2:58 pm By JD Alois  |  

This past week, the House Committee on Financial Services held part two of three anticipated hearings on the GameStop/Reddit/Robinhood saga. As most people are aware, in recent months a short-squeeze caused shares in GameStop (NYSE:GME) to jump dramatically higher compelling short sellers to purchase shares… Read More

March 20, 2021 @ 9:07 pm By Omar Faridi  |  

Capdesk, an equity management solution provider, has acquired £5 million in capital via a Series A extension that was led by Fidelity International Strategic Ventures and MiddleGame Ventures. Capdesk’s latest investment round has come after the firm secured £3 million in funding last year. That… Read More

March 20, 2021 @ 11:04 am By Omar Faridi  |  

Digital asset exchange Gemini recently revealed that it now has over $20 billion in crypto-assets under custody. The US-based firm confirmed in a blog post: “Tracking with the impressive growth of the crypto market this year and increased participation from institutional investors, we have doubled… Read More

March 20, 2021 @ 9:43 am By Omar Faridi  |  

Digital asset platform CoinList recently announced its first liquid token sale and distribution ($RLY). The CoinList team confirmed that beginning on April 1, 2021, qualified or eligible CoinList users may take part in the $RLY sale and distribution (via the CoinList platform). CoinList explains that… Read More

March 19, 2021 @ 7:51 pm By JD Alois  |  

The Commodities Future Trading Commission (CFTC) has issued an order requiring Coinbase to pay a $6.5 million penalty for “false, misleading, or inaccurate reporting and wash trading.” Coinbase has settled the civil penalty with the CFTC. The wash trading was said to be affiliated with… Read More

March 19, 2021 @ 9:50 am By Omar Faridi  |  

Peter Gaffney from the Security Token Group (STG), which is focused on the emerging blockchain-based security token space, notes that the significantly outsized return potential of angel investing, venture capital, and private equity are “well-known” in the finance industry. Gaffney explains that traditionally, direct access… Read More

March 18, 2021 @ 9:39 pm By Samantha Hurst  |  

Netcapital Inc., the parent of crowdfunding platform Netcapital, recently announced it has formed a partnership with Rialto Markets, a registered broker-dealer operating an alternative trading system (ATS). Netcapital reported that through the partnership, it will use Rialto’s ATS to provide issuers and investors with the… Read More

March 18, 2021 @ 8:22 am By Omar Faridi  |  

Asset-backed lending platform Ablrate has recorded its largest full financial year (FY) profits to date, even though there was a significant decline in turnover following the COVID-19 outbreak. As first reported by P2P Finance News, Ablrate’s owner, Aviation and Tech Capital, reveals that the P2P… Read More

March 17, 2021 @ 8:42 pm By Omar Faridi  |  

Beginning on March 16, 2021, Coinbase Pro users may transfer Cardano (ADA) into their accounts ahead of scheduled trading. Support for ADA tokens will be available at all of Coinbase’s “supported jurisdictions.” Trading will begin “on or after 9AM Pacific Time (PT) Thursday March 18,… Read More

March 17, 2021 @ 5:12 pm By JD Alois  |  

Earlier today Republic announced a material $36 million Series A funding round led by Galaxy Interactive. The additional capital arrives at a key time as two crowdfunding exemptions have had their funding caps boosted to higher amounts – thus making crowdfunding platforms more viable going… Read More

March 17, 2021 @ 11:46 am By JD Alois  |  

Republic, a top funding portal and broker-dealer providing online capital formation to early-stage ventures, has closed on a $36 million Series A funding round, according to a note from the company. The funding was led by Galaxy Interactive with participation by Tribe Capital, Motley Fool… Read More

March 17, 2021 @ 9:05 am By JD Alois  |  

Coinbase, the largest digital asset trading platform in the US, has filed an updated S-1 document with the Securities and Exchange Commission. The amended document indicates that Coinbase will float 114,850,769 shares on the NASDAQ in an initial public offering (IPO). Coinbase expects to trade… Read More

March 17, 2021 @ 8:13 am By JD Alois  |  

Bitcoin Suisse AG has been denied by the Swiss Financial Market Supervisory Authority (FINMA) in its application for a banking license.  Bitcoin Suisse submitted an application for a Swiss banking license in July 2019. According to a statement by FINMA, the bank license application was… Read More

March 16, 2021 @ 10:01 pm By Omar Faridi  |  

Assetz Capital, a peer-to-peer lender that originates secured loans, recently promoted Andrew Fraser to its UK Director for the North. The new appointment comes as the firm plans to focus on driving more lending to small businesses after exceeding the £1 billion mark in 2020…. Read More

March 16, 2021 @ 10:43 am By Samantha Hurst  |  

LendingUSA, a U.S.-based fintech lender that provides loans to small businesses ranging from $1000 to $35,000, announced on Tuesday it has appointed Michael Brown as its new Vice President of Credit Risk and Pricing. The latest appointment comes just weeks after LendingUSA appointed Adam Contino… Read More

March 16, 2021 @ 10:41 am By JD Alois  |  

Wefunder, a top funding portal offering securities under Reg CF, has filed a Form C with the Securities and Exchange Commission (SEC) indicating its intent to raise up to $5 million in preferred equity at a pre-money valuation of $160 million. Wefunder seeks to sell… Read More

March 16, 2021 @ 9:00 am By Samantha Hurst  |  

    Student loan marketplace, College Ave Student Loans, announced on Tuesday it has completed a $385 million securitization of private student loans, its fourth securitization and largest to date. According to College Ave, the CASL 2021-A transaction was completed in February 2021 and saw… Read More

March 16, 2021 @ 8:51 am By JD Alois  |  

  eToro, a digital investment platform, has announced it will become a publicly-traded company in a SPAC deal via FinTech Acquisition Corp. V (NASDAQ: FTCV). The deal includes a $650 million common share private placement from investors including ION Investment Group, Softbank Vision Fund 2,… Read More