General News

February 20, 2023 @ 5:02 pm By Omar Faridi  |  

The global economy took a downward turn in 2022, “leaving behind 2021’s environment of easy money and soaring valuations,” according to an update from Carta. The U.S. venture capital market “followed suit.” Venture deal count for private companies on Carta in 2022 “declined 29% year… Read More

February 20, 2023 @ 8:41 am By Omar Faridi  |  

Noëmie Rosala Rivera joins Lendable as Associate Director of Investor Relations. Mary Kahng, Head of Investor Relations, said: “We are very excited to have Noëmie join the IR team. Her deep passion for impact, combined with her multifaceted experience in gender smart investing and blended… Read More

February 17, 2023 @ 2:17 pm By Omar Faridi  |  

As we look towards the future of crypto, 2023 presents Blockchain.com with an opportunity to build upon their success, “prepare for what’s ahead and — most importantly — continue to support their tens of millions of customers in over 150 countries.” To kick off this… Read More

February 17, 2023 @ 9:37 am By JD Alois  |  

The Federal Reserve Bank of New York’s Center for Microeconomic Data has published its quarterly report on consumer credit and debit, delivering disconcerting news. According to the Fed report, credit card balances increased $61 billion in the fourth quarter to $986 billion, topping the pre-pandemic… Read More

February 16, 2023 @ 7:11 am By JD Alois  |  

Reports continue to filter out regarding the tepid market for private transactions. A recent report indicates that private equity and venture capital investments cratered in the UK by a whopping 61% in 2022. According to S&P Global Markets, aggregate transactions in the UK topped $72… Read More

February 16, 2023 @ 6:48 am By Omar Faridi  |  

Ironblocks, the “first-ever” blockchain-native cybersecurity platform, announced today that it has raised $7 million in seed funding. This investment round is “co-led by Collider Ventures and Disruptive AI, with additional participants including ParaFi; Quantstamp; Samsung Next; Balaji Srinivasan, ex-CTO of Coinbase and former general partner… Read More

February 16, 2023 @ 4:47 am By Omar Faridi  |  

Quantum Brilliance, the developer of room-temperature miniaturized quantum computing products and solutions, announced an $18 million fundraise. Investors reportedly “include Breakthrough Victoria, Main Sequence, Investible, Ultratech Capital Partners, MA Growth Ventures, Jelix Ventures, Rampersand and CM Equity Partners.” Quantum Brilliance will “use the funding to… Read More

February 15, 2023 @ 4:20 am By JD Alois  |  

Earlier today the UK government announced its monthly inflation data which indicated the Consumer Prices Index (CPI) rose by 10.1% in the 12 months to January 2023, down from 10.5% in December 2022 – a slight improvement. On a monthly basis, CPI fell by 0.6% in… Read More

February 13, 2023 @ 11:10 pm By Omar Faridi  |  

Hong Kong Exchanges and Clearing Limited (HKEX) and the Financial Affairs Office of Nanjing Municipal People’s Government (Nanjing FAO) signed a Memorandum of Understanding (MOU) “to strengthen cooperation, and in particular support Nanjing-based companies that are interested in seeking a listing in Hong Kong.” Under… Read More

February 13, 2023 @ 7:07 pm By Omar Faridi  |  

Arrcus, the hyperscale networking software company and a leader in core, edge and multi-cloud network infrastructure, announced the close of a financing round “that brings to $50 million the total capital raised since the last venture financing round.” Prosperity7 Ventures is leading the Series D… Read More

February 13, 2023 @ 2:47 pm By Omar Faridi  |  

Brex has released Brex Startup Review — a comprehensive data report that “looks back at the startup and macro trends of 2022 and what they may indicate for 2023.” The report delivereod several key findings, including: Later-stage companies are making larger cuts in spending overall,… Read More

February 13, 2023 @ 12:28 pm By Omar Faridi  |  

The new digital identity framework would provide EU citizens “with digital access to key public services across EU borders,” according to Members of European Parliament (MEPs). The Industry, Research and Energy Committee adopted its position “on the proposed update of the European digital identity framework… Read More

February 12, 2023 @ 9:58 pm By Omar Faridi  |  

BANXA Holdings Inc. (TSXV:BNXA), the on-and-off ramp solution for Web3, announced an integration with ConsenSys’ self-custody Web3 wallet, MetaMask, “to simplify on-and-off ramping fiat to crypto.” On top of global users being able to purchase crypto via standard methods such as credit cards and Apple… Read More

February 12, 2023 @ 7:11 pm By Omar Faridi  |  

The Brunei Darussalam Central Bank (BDCB) and Monetary Authority of Singapore (MAS) reaffirmed the close ties between the two authorities “at the fourth BDCB-MAS Bilateral Roundtable, and discussed new areas of collaboration.” At the Roundtable, BDCB Managing Director, Rokiah Bakar and MAS Managing Director, Ravi… Read More

February 12, 2023 @ 12:47 pm By Omar Faridi  |  

Qudian Inc. (NYSE: QD), a consumer-oriented technology company in China, today announced that the company has “regained compliance with the New York Stock Exchange’s (NYSE) continued listing standard for share prices as confirmed by a notification letter from the NYSE on February 1, 2023.” On… Read More

February 11, 2023 @ 10:23 am By Omar Faridi  |  

Investment platform Robocash has announced that new rates “will apply to loans from 91 days to 3 years.” As most businesses of Robocash Group have currently achieved self-sustaining state, they are reportedly “reducing interest rates on several loan terms and do not plan to increase… Read More

February 9, 2023 @ 3:45 pm By Therese Torris  |  

This year’s issue of the Barometer of Crowdfunding in France, published by Mazars and the French Crowdfunding Association (Financement Participatif France, FPF) shows that crowdfunding reached a new high in 2022. More than €2.3 billion was collected, a 25% increase versus year prior. Real estate… Read More

February 9, 2023 @ 12:30 pm By JD Alois  |  

Financement Participatif France (FPF) is the association that represents the investment crowdfunding industry in France. With the advent of ECSPR or European Crowdfunding Services Provider Regulation, the industry of online capital formation has pushed into the second stage of securities crowdfunding.  Under the new EU… Read More

February 8, 2023 @ 9:37 pm By Omar Faridi  |  

Billing Better, the UK bills management company, recently revealed that it has acquired Homebox, a utilities comparison and switching service. The two firms have been working together during the last few years, and this acquisition brings together the strengths of both businesses in order to… Read More

February 8, 2023 @ 8:54 pm By Omar Faridi  |  

Fenergo, the provider of digital solutions for client lifecycle management (CLM), released its annual findings on US-issued financial institution fines. The study, which analyzed year-over-year (YoY) penalties levied by US financial regulators, revealed “that the total value of penalties issued rose 151% YoY; that US… Read More