Global

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 @ 3:25 pm By Omar Faridi  |  

Moonfare, the global digital private equity investment platform, has capped the extension of its Series C financing round “at c.a. $15 million, achieving a record valuation.” This brings the total capital raised in the Series C investment round “to over $130 million.” Following Insight Partners’… 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 9, 2023 @ 10:53 am By JD Alois  |  

  Robinhood (NASDAQ:HOOD) revealed it has canceled the acquisition of Ziglu, a UK Fintech that opened the door to a new market. Ziglu holds an e-money license and is regulated by the UK Financial Conduct Authority. Ziglu provides crypto trading in the UK as well… Read More

February 9, 2023 @ 10:36 am By Omar Faridi  |  

Mazepay, the Danish Fintech platform that simplifies long-tail procurement and B2B payments, has “raised a €4M growth round, led by Scale Capital.” Participants in the investment round “include international investment firm Hambro Perks, and London-based early-stage venture capital firm Outward VC. Mazepay will use the… Read More

February 9, 2023 @ 9:09 am By Omar Faridi  |  

FNZ, the global wealth management platform, has agreed to acquire International Fund Services & Asset Management SA (ifsam), a Luxembourg-based B2B fund platform. The acquisition, which is “subject to regulatory approval, will strengthen FNZ’s global client proposition for both asset managers and distributors, adding advanced… Read More

February 9, 2023 @ 9:02 am By Omar Faridi  |  

A senior board member at the Bank for International Settlements (BIS) has asked for a coordinated regulatory response in order to limit the incursions of Big tech companies such as Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL) and Google (NASDAQ:GOOG) into financial services. The senior office argued that… Read More

February 9, 2023 @ 8:46 am By Omar Faridi  |  

Fireblocks Director of CBDC & Market Infrastructure Varul Paul has commented on the recent Bank of England Consultation paper focused on the development of the Digital Pound. Prior to Fireblocks, Varun spent 14 years “at the Bank of England, where he supported key decisions on interest… Read More

February 9, 2023 @ 12:55 am By JD Alois  |  

Tide, a neobank serving business customers, has closed on the acquisition of Funding Options, a UK marketplace for business finance, following FCA approval. The purchase was previously announced in November 2022. Tide is authorized by the FCA under the Electronic Money Regulations and offers bank… 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

February 8, 2023 @ 1:52 pm By JD Alois  |  

Apple (NASDAQ) is expected to soon launch its buy now-pay later product (BNPL) as it expands the service to a broader beta group. According to a report filed by Bloomberg, Apple Pay Later is being tested in-house by its approximately 80,000 or so retail employees…. Read More

February 8, 2023 @ 12:12 pm By JD Alois  |  

According to an email, X8 AG has submitted the application to the Swiss Financial Market Supervisory Authority (FINMA), for a Swiss Fintech license according to Article 1b Banking Act. X8 AG aims to emerge as a “regulated global stablecoin system.” X8 AG said that it… Read More

February 8, 2023 @ 10:32 am By JD Alois  |  

LCX says it will become the first company in the crypto industry to issue a tokenized bond that generates a fixed yield for investors. The blockchain-powered “EURt7 tokenized bond” has been approved by the securities regulator in Liechtenstein and is thus available across all EU… Read More

February 8, 2023 @ 9:22 am By JD Alois  |  

SyndicateRoom, an online investment platform, reports that portfolio company 10to8 has been acquired by Sign In Solutions. Deal terms were not revealed, but SyndicateRoom said that the exit was at a “positive multiple.” 10to8 is a time management, communication and meeting platform that aims to… Read More

February 8, 2023 @ 8:51 am By JD Alois  |  

Matrixport has had its UK wholly-owned subsidiary, Matrixport Advisors Limited, appointed as an Appointed Representative (AR) of Varramore Partners Limited (Varramore), which is authorized and regulated by the UK Financial Conduct Authority (FCA). The relationship allows Matrixport to conduct a range of investment-related activities in the UK…. Read More

February 8, 2023 @ 8:40 am By Omar Faridi  |  

Mondu, the “fast-growing” B2B payments company, announced MonduSell, a solution for B2B merchants offering flexible payments on all sales channels: field sales, tele-sales or email orders. MonduSell offers the most “popular” B2B payment methods and flexible terms while  processing orders from any sales channel in… Read More

February 8, 2023 @ 8:37 am By Omar Faridi  |  

iwoca is announcing the integration of its B2B payment solution iwocaPay with Quickbooks’ accounting software package – this makes it “the first invoice checkout integration with a BNPL option for businesses that integrate with QuickBooks.” Quickbooks supports UK businesses “with their accounting needs via a… Read More

February 8, 2023 @ 1:17 am By Omar Faridi  |  

Wink, a Texas and California based, biometric identity and payments platform, is pleased to announce that it has received an additional $3M million of seed investment. This seed equity round “follows the $2.85 million previously raised in a pre-seed round in 2021-22.” The additional financing… Read More

February 7, 2023 @ 4:51 pm By Omar Faridi  |  

Tax season is a “dreaded” time of the year for many — especially crypto users, according to an update from Binance. Scouring a spreadsheet and computing all your transactions, gains, and losses throughout the past year can be, well, “taxing.” For day traders, who normally… Read More