Featured Headlines

December 28, 2022 @ 9:03 am By JD Alois  |  

Invesdor, a growing online capital formation platform that has established a propensity to grow both organically and via acquisitions, has distributed an update on the past year’s performance. Invesdor is based in Finland but currently operates in multiple European Union member states. In recent years,… Read More

December 27, 2022 @ 9:14 am By JD Alois  |  

Beefordeal, a real estate crowdfunding platform based in France, has gained approval to operate under the European Crowdfunding Service Provider Regulations (ECSPR), thus offering securities across all European Union member states. Beefordeal claims to be the first property investment platform to be approved as a… Read More

December 26, 2022 @ 7:00 pm By Timothy Li  |  

  I started these predictions series back in 2016. Looking at the Fintech landscape today, it seems like ages ago. Plaid had just raised their $44 million series B from Goldman Sachs. LendingClub’s $3 million loan doc alternation was the scandal of the year. It… Read More

December 26, 2022 @ 9:59 am By JD Alois  |  

AlphaFlow, a real estate investment platform, may have shuttered operations. AlphaFlow’s website was live earlier this month, but in the past week or so, the site has gone offline. An email sent to a company representative has bounced. AlphaFlow was a marketplace for private real… Read More

December 22, 2022 @ 2:30 pm By JD Alois  |  

Sam Bankman-Fried, extradited to the US last night, will be released on $250 million, according to multiple reports. The former FTX CEO will be restricted to his parents’ home as part of the deal. Charges against Bankman-Fried were revealed last week. The indictment claims that… Read More

December 22, 2022 @ 10:38 am By JD Alois  |  

Retiring Senator Pat Toomey has introduced his stablecoin legislation just prior to his exit from the Senate and his ranking position on the Senate Banking Committee. Toomey is currently one of the most effective and knowledgeable policymakers engaged in financial services legislation, and his presence… Read More

December 21, 2022 @ 11:26 pm By JD Alois  |  

U.S. Attorney Damian Williams has announced additional charges in the ongoing criminal case against FTX. According to a Tweet, the US District Court, Southern District New York, has filed charges against former Alameda CEO Caroline Ellison and FTX co-founder Gary Wang. Williams said the charges… Read More

December 21, 2022 @ 11:58 am By JD Alois  |  

SeedBlink, a co-investment platform, says it has raised €150 million in funding since its launch in 2019. In Bulgaria, its home market, SeedBlink reports having raised €2.69 million since launching domestically. SeedBlink claims more than 200 investment partners, including Bulgarian Eleven Ventures, LAUNCHub Ventures, Silverline… Read More

December 21, 2022 @ 10:48 am By JD Alois  |  

This is a bit of a surprise. Paxful, a peer-to-peer platform for crypto, has decided to remove Ethereum, the second most popular crypto in the world, from its platform. In a Tweet, Paxful founder and CEO Ray Youssef said they were choosing integrity over revenue,… Read More

December 20, 2022 @ 3:11 pm By JD Alois  |  

DealMaker, recognized as one of the fastest-growing private firms in Canada, has raised growth capital, according to a corporate statement. DealMaker, while based in Canada, offers services in the US as well as pursuing global markets. DealMaker is both a broker-dealer as well a tech… Read More

December 19, 2022 @ 12:07 pm By JD Alois  |  

Regulation Technology or Regtech is the future of regulation and compliance. This much is clear. Yet like other aspects of financial technology, adoption is taking place at a methodical pace. Regtech, alongside “Suptech” [supervisory technology], can alleviate many of the challenges intrinsic to the financial… Read More

December 17, 2022 @ 2:19 pm By JD Alois  |  

  The trifecta of legal action against Sam Bankman-Fried and the failure of FTX blossomed this past week as the US Attorney for the Southern District of New York filed criminal charges against Bankman-Fried. These charges were joined by civil charges filed by both the… Read More

December 16, 2022 @ 9:13 am By JD Alois  |  

Assetz Capital will exit its retail business and emerge as a lending platform completely funded by institutional money, according to an update posted on the company’s website. For observers of the peer-to-peer lending industry, the decision should come as no surprise. Assetz Capital has been… Read More

December 15, 2022 @ 6:16 pm By JD Alois  |  

Birchal, the leading securities crowdfunding platform in Australia (crowd-sourced funding), has returned with its annual report on crowdfunding in the country.  As Birchal books more than 70% of Australia’s offering volume, the platform closely tracks sector growth. Birchal reports that the top 20 online securities… Read More

December 15, 2022 @ 12:40 pm By JD Alois  |  

This past Tuesday, the House Committee on Financial Services hosted a hearing with a single witness – John J. Ray, III, the new CEO of FTX. Originally, the Committee had scheduled the former CEO of FTX, Sam Bankman-Fried, to testify, but his arrest the day… Read More

December 13, 2022 @ 4:44 pm By JD Alois  |  

This afternoon, the US Attorney’s Office for the Southern District of New York held a press conference discussing the indictment of Sam Bankman-Fried, the one-time CEO of FTX and now the alleged perpetrator of one of the largest frauds in history. As the details emerge,… Read More

December 12, 2022 @ 12:42 pm By JD Alois  |  

Enerfip, a France-based investment crowdfunding platform operating in the renewable energy sector, has gained approval to operate under ECSPR – European Crowdfunding Service Provider Regulation. Enerfip will now be able to raise capital online across all European Union member states. Issuers may raise up to… Read More

December 11, 2022 @ 5:22 pm By Omar Faridi  |  

We recently connected with Theresa Le Chief Claims Officer at Cowbell, which claims to be the leader in cyber insurance for small and medium-sized enterprises (SMEs). Cowbell is the provider of cyber insurance for SMEs and the “pioneer” of Adaptive Cyber Insurance. Cowbell reportedly “delivers… Read More

December 11, 2022 @ 4:51 pm By JD Alois  |  

The team at Crowdfund Capital Advisors (CCA) has issued their annual warning to firms that utilized Reg CF (Regulation Crowdfunding) to file their annual statements – as required by the exemption. If a company has not filed their annual report they are in breach of… Read More

December 9, 2022 @ 9:08 am By JD Alois  |  

Sam Bankman-Fried, founder and former CEO of FTX – the now bankrupt crypto exchange, has committed to testifying in front of the House Committee on Financial Services to discuss the collapse of FTX and affiliated entities. The agreement to testify came today following a back… Read More