Featured Headlines

August 7, 2020 @ 5:00 pm By Andrew Corn  |  

A shark is never your friend, even if he or she happens to be carrying big bags of money. After all, sharks eat people.  They do this literally in the ocean and figuratively in shark tank competitions. Best case: they invest in your deal at… Read More

August 6, 2020 @ 6:00 pm By JD Alois  |  

Earlier this week, the Securities and Exchange Commission (SEC) Small Business Capital Formation Advisory Committee met to discuss how capital markets are serving underrepresented segments of entrepreneurship and small businesses. As we all know, every early-stage firm needs to have access to capital to thrive… Read More

August 5, 2020 @ 4:00 pm By JD Alois  |  

This past June, Neufund, one of the first European platforms to issue security tokens, announced its intent to move away from digital securities. The Berlin, Germany based Fintech issued the following surprising statement: “We’ve been active participants of the discussions held at the Bundestag, engaged… Read More

August 4, 2020 @ 10:00 am By JD Alois  |  

Recently, the Office of the Comptroller of the Currency (OCC) posted a letter clarifying national banks’ and federal savings associations’ authority to provide cryptocurrency custody services for customers. Although recently we have seen improvements in banks providing services to crypto firms, many digital asset service providers… Read More

August 3, 2020 @ 10:51 am By JD Alois  |  

RateSetter, a leading UK based peer to peer lender, has been acquired by Metro Bank. The purchase of RateSetter has long been anticipated as the P2P lender messaged earlier that it was exploring “strategic options” – a euphemism for a sale. In June, there were… Read More

August 2, 2020 @ 9:30 pm By Omar Faridi  |  

Stuart Sopp, founder and CEO at digital bank Current, has previously noted that the COVID-19 outbreak has shown how his company serves employees whose roles are considered essential during the global pandemic. In June 2020, Sopp had confirmed that Current would remain focused on spending,… Read More

August 1, 2020 @ 12:27 pm By Xu Gao  |  

Agricultural Bank of China Establishes Financial Technology Subsidiary On July 28th, the Agricultural Bank of China officially launched the “Agricultural Bank of China Fintech Co., Ltd.”. The new subsidiary is headquartered in Tongzhou District, Beijing with a registered capital of 600-million-yuan. Its main business is… Read More

July 31, 2020 @ 9:00 am By JD Alois  |  

Varo Money, Inc. has been granted its national bank charter from the Office of the Comptroller of the Currency (OCC) and secured regulatory approvals from the FDIC and Federal Reserve to open Varo Bank N.A. This represents the first consumer Fintech in the US to… Read More

July 30, 2020 @ 12:00 pm By JD Alois  |  

  CoinList, a top primary digital asset issuance platform, has announced the launch of CoinList Pro – a full-stack crypto exchange designed to challenge established incumbents. While CoinList commenced basic digital asset trading earlier this year, CoinList Pro is described as a fully-featured crypto spot… Read More

July 30, 2020 @ 10:30 am By JD Alois  |  

OurCrowd is one of the largest investment crowdfunding platforms in the world. Based in Israel but investing globally, OurCrowd reports over $1.5 billion in committed capital and a growing number of institutional investors. Since platform launch, OurCrowd has had over 35 exits including high profile… Read More

July 29, 2020 @ 11:36 am By JD Alois  |  

  Prime Trust is a fast-growing Fintech and securities custody provider that appears to be in the midst of hockey stick trajectory. This week, in a widely distributed email, Prime Trust founder and CEO Scott Purcell outlined the transition from startup, to market traction, to… Read More

July 28, 2020 @ 5:41 pm By JD Alois  |  

Enova (NYSE:ENVA) has acquired online lender OnDeck (NYSE:ONDK) for $1.38 a share including $0.12 in cash, according to a corporate release. Shares in OnDeck jumped in after-hours trading moving from around $0.85/share to around $1.22/share. Under the terms of the agreement, OnDeck shareholders will receive… Read More

July 27, 2020 @ 9:00 pm By JD Alois  |  

Bitbond is a Germany-based Fintech that started life as a global online lender serving small business borrowers. Some years ago, Bitbond received a regulatory license by the German financial services regulator, BaFin. Crowdfund Insider reported that it took several years to complete the process but… Read More

July 27, 2020 @ 12:22 pm By JD Alois  |  

Seedrs has long been an innovator in the secondary market for crowdfunded securities. Today, the leading UK based crowdfunding platform is announcing variable pricing for its secondary market. Launched in 2017, Seedrs Secondary Market has continued to iterate and add new features and functionality. Of… Read More

July 26, 2020 @ 8:00 pm By Omar Faridi  |  

  We recently caught up with Sky Guo, a founding member at the OMFIF Digital Monetary Institute, the global central banking think tank that assists policymakers with understanding central bank digital currencies (CBDCs). Guo, who’s also the founder of Cypherium, which focuses on enabling interoperability… Read More

July 24, 2020 @ 4:39 pm By JD Alois  |  

Months ago, the Securities and Exchange Commission (SEC) kicked off a review of the exempt offering ecosystem in an attempt to improve access to capital for younger firms while continuing to ensure sufficient investor protection. Over the years, access to capital via the public markets… Read More

July 23, 2020 @ 9:21 pm By JD Alois  |  

Birchal, the top investment crowdfunding platform in Australia, has published a report updating on progress being made in Australia regarding “crowd sourced funding” (CSF) as it is called in Australia. According to Birchal, since the commencement of Australia’s CSF industry in 2018, over 80 Australian… Read More

July 23, 2020 @ 10:46 am By JD Alois  |  

NextSeed is a securities crowdfunding platform that launched as a bank replacement – SME lending service operating under Reg CF. Over time, NextSeed has evolved offering additional services as well as facilitating capital under all three crowdfunding exemptions – Reg D 506c, Reg A+ as… Read More

July 22, 2020 @ 3:47 pm By JD Alois  |  

The Office of the Comptroller of the Currency (OCC) has posted a letter clarifying national banks’ and federal savings associations’ authority to provide cryptocurrency custody services for customers. The OCC is the lead bank regulator in the US. Recently, the OCC has issued several forwarding… Read More

July 21, 2020 @ 2:00 pm By JD Alois  |  

The 36H Group launched in January of 2020 as the unified voice for lending platforms that accept retail investments. 36H replaced the UK Peer to Peer Finance Association, a group that had long been a prominent advocate for the emerging P2P lending sector – a… Read More