General News

December 21, 2022 @ 10:12 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has issued a statement on its objectives. As part of a three-year strategy, the financial regulator said it would focus on reducing and preventing harm, setting and testing higher standards while promoting competition. The FCA claims that its new… Read More

December 20, 2022 @ 8:50 pm By Omar Faridi  |  

Nemesis Technologies, a venture capital fund that invests in deep technology, announced that it is on course to become the world’s “largest” digitally securitized fund, with significant nine-figure backing from Institutional Investors & Family Offices across Asia-Pacific, Europe, and the US. Set up throughout 2022,… Read More

December 20, 2022 @ 8:27 am By JD Alois  |  

Funding into US startups has dropped by a precipitous 40%, according to a new report. In 2021, startups raised $296 billion. During 2022, this number has declined to $176 billion, a dramatic decline for a key sector of the economy. Entrepreneurship and small businesses are… Read More

December 20, 2022 @ 6:41 am By Omar Faridi  |  

The team at Centrifuge is pleased to close the year with the official launch of a $220 million fund with their partners BlockTower Credit and MakerDAO. The executive vote passed on Sunday, December 11, and Maker will “deploy four vaults to fund investments in real-world… Read More

December 20, 2022 @ 6:40 am By Omar Faridi  |  

The British P2P market continues to steadily grow, but is “facing significant competition from continental players,” according to an update from Robo.cash. Against the background of the local market isolation after Brexit and the departure of a number of major players, the British P2P market… Read More

December 19, 2022 @ 8:01 pm By Omar Faridi  |  

Cerved, the Italian platform focused on credit risk analysis and management, has signed a strategic partnership with Greenomy, the ESG Market Infrastructure, “to deliver a new service on the Italian market designed to help businesses comply with new EU Sustainable Finance regulations (EU Taxonomy, CSRD,… Read More

December 19, 2022 @ 8:26 am By Omar Faridi  |  

Talos, the premier provider of institutional digital asset trading technology, released survey findings from Coalition Greenwich revealing that US Financial Advisors (FAs) are fielding significantly “increased demand from investors for digital assets despite the current crypto winter.” Conducted in partnership with Talos, the survey reported… Read More

December 18, 2022 @ 6:02 pm By Omar Faridi  |  

With embedded finance set to become a “quintessential” component of many industries, smaller businesses and individuals can now “have greater access to financial services than ever before owing to banking-as-a-service (BaaS),” according to an update from GlobalData. With the right partners and systems in place,… Read More

December 18, 2022 @ 5:53 pm By Omar Faridi  |  

CEPRES, which claims to be the leader in private market data and investment technology,  announced new solutions to better handle today’s challenges in private market fundraising for both limited partners (LPs) and general partners (GPs). CEPRES Fund Screener, part of the CEPRES Due Diligence suite,… Read More

December 17, 2022 @ 2:30 pm By Omar Faridi  |  

Global Quantum Intelligence (GQI), a market and business intelligence firm steeped in quantum technology experience and solely dedicated to this sector, has just launched and claims it is already “serving major vendors and users, as well as governments and investors keen on gathering authoritative intelligence… Read More

December 16, 2022 @ 7:37 pm By Omar Faridi  |  

Celesta Capital, a deep technology venture capital firm, announced that it has created a formal partnership with The Sultanate of Oman’s Ministry of Transport, Communications and IT (MTCIT) and the Public Authority for Special Economic and Free Zones (OPAZ). Celesta Capital has “had a longstanding… Read More

December 16, 2022 @ 4:27 pm By JD Alois  |  

The Financial Stability Oversight Council (FSOC)  has identified 14 specific financial vulnerabilities impacting the markets in its annual report. The Council incorporates the participation of all the major US financial regulators, including the Secretary of the Treasury, who acts as the Chair of the Council…. Read More

December 16, 2022 @ 3:53 pm By Omar Faridi  |  

DOGAMÍ, which claims to be the first Web3 game for NFT pet companions, completes its $14M seed round with a $7M seed extension “led by European tech-investor XAnge.” DOGAMÍ has “launched a mobile application that allows users to adopt and play with their virtual NFT… Read More

December 16, 2022 @ 3:17 pm By Omar Faridi  |  

As part of a growing focus on ESG and commitment to having a positive impact on society, digital lender MONEYME (ASX: MME) has partnered with Australia’s youth cancer charity Canteen in order “to help young cancer patients stay connected to their education dreams and career… Read More

December 16, 2022 @ 8:25 am By Omar Faridi  |  

Paysafe’s (NYSE: PSFE) cash arm – viafintech – has started a new partnership with Germany’s third-largest bank by number of customers, ING Germany. From today, more than nine million ING customers “can make cash deposits or withdrawals from their current account at participating retailers across… Read More

December 15, 2022 @ 9:40 am By JD Alois  |  

The British Business Bank has appointed Eilish Jamieson and Matthew Elderfield as new non-executive Directors (NEDs) to the board of British Business Bank plc, effective from 21 and 22 November 2022, respectively. Jamieson was previously the Head of Audit at Goldman Sachs, where she led… Read More

December 15, 2022 @ 9:21 am By JD Alois  |  

The Bank of England’s Monetary Policy Committee (MPC) has increased its Bank Rate by 50 basis points to 3.5%. According to a statement by the Bank, the MPC vote was 6 to 3, with one member advocating for a 75 basis point increase and two… Read More

December 14, 2022 @ 9:47 pm By Omar Faridi  |  

Coupa Software (NASDAQ: COUP), a key player focused on Business Spend Management (BSM), announced that it has entered into a definitive agreement “to be acquired by Thoma Bravo, a software investment firm.” This is “an all-cash transaction with an enterprise value of $8.0 billion.” Upon… Read More

December 14, 2022 @ 4:46 pm By JD Alois  |  

As expected, the US Federal Reserve raised benchmark interest rates by 50 basis points bringing the target range for the federal funds rate to 4-1/4 to 4-1/2 percent. The vote for 50 bps was unanimous. This is the 7th interest rate increase in the past… Read More

December 14, 2022 @ 8:35 am By Omar Faridi  |  

Equitybee, the startup employees’ stock options funding solution, today announced the appointment of Susan Woodard as chief compliance officer (CCO) and CEO of Equitybee Securities, LLC. Woodard reportedly “joins the company executive team and will be responsible for ensuring best practices on behalf of Equitybee… Read More