General News

December 30, 2020 @ 12:18 pm By Samantha Hurst  |  

  Paysend, a UK-based global payments platform, announced on Tuesday more than 150,000 net new U.S.-based customers have used its platform during the last three months alone to send digital money transfers across borders. Paysend reported that following its stateside launch in September amidst the pandemic,… Read More

December 28, 2020 @ 11:28 pm By Omar Faridi  |  

Wealth management tech platform Addepar notes that the broader financial industry had to deal with “extraordinary challenges.” The Fintech firm pointed out that local economies and communities have been “deeply affected by the fallout from this global pandemic.” The Addepar team now believes that it’s… Read More

December 28, 2020 @ 7:13 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has announced that President Donald J. Trump has selected Elad L. Roisman as Acting Chairman of the agency. Prior Chairman Jay Clayton departed the Commission on December 23rd. The news of Roisman temporarily taking the helm of the Commission… Read More

December 28, 2020 @ 6:11 pm By JD Alois  |  

  Doug Ellenoff, the Managing Partner of Manhattan law firm Ellenoff, Grossman and Schole (EGS), has been involved with the Fintech sector since the early days of the JOBS Act – the legislation that eventually legalized investment crowdfunding. He is not only deeply engaged with… Read More

December 28, 2020 @ 12:42 pm By Samantha Hurst  |  

OKEx, a top 20 crypto exchange, announced on Monday the launch of real-time settlement for all perpetual swaps, futures, and options contracts that are coming soon to the platform. According to OKEx,  the new feature will provide a better trading experience for users, improve the… Read More

December 28, 2020 @ 12:33 pm By Samantha Hurst  |  

Simplify Asset Management, a U.S.-based investment adviser, announced on Monday the launch of four exchange-traded funds (ETFs) for fintech, pop culture, robocar, cloud/cybersecurity. Founded earlier this year, Simplify was created to help advisors tackle pressing portfolio challenges with option-based strategies. “By accounting for real-world investor… Read More

December 26, 2020 @ 2:56 pm By JD Alois  |  

Jay Clayton officially stepped down as the Chairman of the Securities and Exchange Commission on December 23rd. His departure had been previously announced and anticipated for this month. In a letter sent to President Trump, Clayton said it had been the honor and privilege of… Read More

December 24, 2020 @ 2:50 pm By Samantha Hurst  |  

Avaloq, an international fintech providing services and digital solutions to banks and wealth managers, announced earlier this week the closing of NEC’s acquisition of Avaloq. As previously reported, the acquisition was announced in October and NEC purchased Avaloq for around 2.05 billion Swiss francs. Founded… Read More

December 24, 2020 @ 11:40 am By JD Alois  |  

The United Kingdom and the European Union have reached a trade deal just in time for Christmas. The UK government said they have agreed on a zero tariff-free trade deal including a commitment to maintaining high labor, environment, and climate standards without giving the EU… Read More

December 23, 2020 @ 9:36 am By Samantha Hurst  |  

  InvestSuite, a Belgium-based B2B wealthtech, has raised €3 million through its latest investment round. Founded in 2018, Investsuite describes itself as a European fintech company that provides automated investment solutions to help financial institutions retain their clients by addressing their rapidly-evolving digital needs and… Read More

December 22, 2020 @ 10:37 pm By Omar Faridi  |  

IPGL, the private investment firm that’s managed by Michael Spencer, the Founder and former chief executive at Icap and NEX, has reportedly invested in London based Tradefeedr, a trade analytics solution provider. Spencer remarked: “Tradefeedr is a really promising financial technology business, with the right… Read More

December 22, 2020 @ 1:39 pm By Samantha Hurst  |  

  Quontic, a U.S.-based adaptive digital bank, recently announced it is launching Bitcoin Rewards Checking accounts. Founded in 1997, Quontic describes itself as a adaptive digital bank that empowers its customers financially while embracing their diverse circumstances. “Quontic’s mission to break the system for financial… Read More

December 22, 2020 @ 12:09 pm By JD Alois  |  

To issue securities under Reg CF (Regulation Crowdfunding), a platform must either be a FINRA regulated funding portal or a broker-dealer. In this sector of online capital formation, both types of regulated entities issue securities under this rule. Periodically, we re-visit the number of FINRA… Read More

December 22, 2020 @ 8:05 am By Samantha Hurst  |  

    U.S.-based tech giant IBM Corp. (NYSE: IBM) announced on Tuesday it has acquired Nordcloud, a European cloud implementation, application transformation, and managed services provider. The acquisition comes just days after IBM announced it acquired Expertus Technologies Inc., a Canadian Fintech company that assists… Read More

December 21, 2020 @ 11:14 pm By Omar Faridi  |  

SoftBank Group Corp. (TYO: 9984), a Japanese multinational conglomerate holding company headquartered in Minato, Tokyo with over $300 billion in assets, is reportedly planning to secure at least $500 million in capital via a blank-check company, according to sources familiar with the matter. The special-purpose… Read More

December 21, 2020 @ 2:23 pm By JD Alois  |  

Very Good Security has raised $60 million in Series C funding led by Vertex Ventures US with participation from existing investors, including Andreessen Horowitz (a16z) and Goldman Sachs Growth (GS Growth). About a year ago, VGS raised $35 million in a Series B round. The… Read More

December 21, 2020 @ 1:35 pm By Samantha Hurst  |  

  Zego, a UK-based insurtech, recently announced it has received a European broking license as part of its plans to expand throughout Europe. The company revealed that the license, which was award but the Dutch regulator AFM, will enable it to work with EU-based insurance… Read More

December 21, 2020 @ 11:27 am By Samantha Hurst  |  

    Xoom, PayPal’s international money transfer service, announced on Monday its integration with NPIL’s/NPCI’s Unified Payments Interface (UPI), a real-time payment system facilitating inter-bank transactions in India. Xoom reported that Non-Residential Indians (NRIs) and Persons of Indian Origin (PIOs) living in the U.S., Canada,… Read More

December 19, 2020 @ 2:47 pm By Omar Faridi  |  

Object Astra, a sweat equity platform intended for individuals who may have been furloughed or layed off during the COVID-19 pandemic and founded by former JPMorgan professionals, has officially launched operations in the United Kingdom. The Object Astra team states: “[We offer a] Platform to… Read More

December 19, 2020 @ 12:14 pm By Omar Faridi  |  

Banking challenger Branch, the Fintech firm that partners with employers, has teamed up with ProPoint Solutions salon software SuperSalon, which allows salons to digitally pay their workers. As mentioned in a release shared with Crowdfund Insider: “Branch’s integration with the point of sales software allows… Read More