Uncategorized

October 22, 2021 @ 9:55 am By JD Alois  |  

Neobank Revolut has selected Juan Miguel Guerra as CEO for Mexico as the Fintech moves into a new market. Guerra was previously at RappiPay and is said to have held senior executive roles at Citibanamex and other Fintech firms. Mexico is Revoluts first step into… Read More

October 19, 2021 @ 9:53 pm By JD Alois  |  

The North Carolina Regulatory Sandbox Act of 2021 has been signed into law making the state one of a handful that are seeking to encourage innovation in financial services. The Mountaineer reported that the legislation received unanimous support in both the state House and Senate…. Read More

October 15, 2021 @ 5:44 pm By JD Alois  |  

As was reported earlier today, Tether – the leading dollar-based stablecoin (USDT), along with crypto exchange Bitfinex, were the targets of enforcement actions issued by the US Commodity Futures Trading Commission (CFTC). Both platforms are required to pay penalties with Tether paying $41 million and… Read More

September 27, 2021 @ 3:51 pm By JD Alois  |  

The decline in publicly traded firms has been well-documented. A result of the excessive cost and reporting requirements combined with an ocean of private capital has compelled many successful firms to stay private as long as possible. Back in the day, an initial public offering… Read More

September 14, 2021 @ 3:31 pm By JD Alois  |  

The Monetary Authority of Singapore (MAS) and the Reserve Bank of India today have announced their intent to link Singapore’s PayNow and India’s Unified Payments Interface (UPI) real-time payment systems by July 2022. The goal is to provide instantaneous, low-cost fund transfers directly from one… Read More

September 8, 2021 @ 8:31 am By JD Alois  |  

Yesterday, Coinbase (NASDAQ:COIN) posted a notice regarding receipt of a Wells Notice from the Securities and Exchange Commission (SEC) indicating the regulator may sue it due to its planned Coinbase Lend program. Around the same time Coinbase announced the regulators’ investigation, CEO Brian Armstrong took… Read More

August 18, 2021 @ 7:40 pm By Tony Zerucha  |  

XCarnival, a synthetic asset aggregator for decentralized finance, saw its flagship product pass an important credibility test this week. XBroker, a product that allows users to borrow money while using NFTs as collateral, passed a security audit from noted firm Certik this week. The security… Read More

July 24, 2021 @ 4:22 pm By JD Alois  |  

Real estate crowdfunding. one of the most popular sectors of online capital formation is picking up pace in France, according to research by Fundimmo. While 2020 was a challenging year for all platforms, everywhere, 2021 is on track of a solid year of gains for… Read More

June 21, 2021 @ 9:47 pm By Priyanka Pani  |  

Mobility app Moja Ride has partnered with Fintech O-CITY to fuel its digital innovation and future expansion plan in key West African markets. Based in Ivory Coast’s capital city Abidjan, Moja’s partnership with O-CITY comes after a series of funding rounds from leading global investors,… Read More

June 21, 2021 @ 2:01 pm By JD Alois  |  

Victoria Cleland, Executive Director for Banking, Payments and Innovation at the Bank of England, addressed the Real Time Gross Settlement (RTGS) system and the Bank’s vision for the future of payments. Noting that a Central Bank Digital Currency (CBDC) may emerge at some point in… Read More

May 18, 2021 @ 4:07 pm By Samantha Hurst  |  

    ikigai, a banking and Wealthtech company, has successfully secured nearly 1.7 through its equity crowdfunding campaign on Crowdcube. The funding round, which originally sought to raise £1.2 million has attracted more than 1260 Crowdcube investors so far. As previously reported, ikigai is on a… Read More

May 9, 2021 @ 11:03 pm By Samantha Hurst  |  

    The Naked Collective,  a carbon-neutral wellness company, will be closing its Crowdcube campaign later this week with more than €1.87 million. Through the crowdfunding campaign, The Nake Collective originally sought to raise €1.5 million on the funding platform and has attracted more than 330 Crowdcube… Read More

April 20, 2021 @ 4:12 pm By JD Alois  |  

Beyond announcing a slew of new and updated products, Apple CEO Tim Cook provided some commentary on the Apple Card – a credit card launched in cahoots with Goldman Sachs (NYSE:GS). Cook said that Apple (NASDAQ:AAPL) set out to completely re-invent the credit card and… Read More

April 9, 2021 @ 4:51 pm By JD Alois  |  

LiDAR firm and OurCrowd portfolio company Innoviz (NASDAQ:INVZ) traded on the Nasdaq this week as part of a SPAC deal that was revealed earlier this year. Innoviz became a publicly listed company through a business combination with Collective Growth Corporation in a transaction sponsored by… Read More

March 30, 2021 @ 5:43 pm By JD Alois  |  

Beam, a mobile banking app, will be banned from offering such services and must give full refunds to users. The announcement was made as part of a settlement with the Federal Trade Commission (FTC). As part of the settlement, Beam neither admits nor denies any… Read More

March 22, 2021 @ 9:45 am By JD Alois  |  

iSTOX, a tokenization platform regulated by the Monetary Authority of Singapore (MAS), says it has tokenized Astrea VI private equity bonds which were issued earlier this month by Astrea VI Pte. Ltd. iSTOX claims this is the first time digital tokens with exposure to bonds… Read More

March 8, 2021 @ 12:31 pm By JD Alois  |  

Last month, Seedrs shared some data on its Secondary Market – a trading market for securities issued via the crowdfunding platform. While still relatively small, the market provides a valuable liquidity path for a traditionally illiquid sector of finance as most private securities holders must… Read More

March 4, 2021 @ 4:34 pm By JD Alois  |  

SEC Commissioner Hester Peirce nudged the crypto crowd a bit this week pointing out that feedback on the SEC’s request for comments on digital asset custody is paltry at best. Commissioner Peirce has long been noted for her support of innovation in financial services and… Read More

February 3, 2021 @ 11:25 am By JD Alois  |  

Linked Finance has appointed Niall O’Grady as the new CEO, according to a note from the company. O’Grady is expected to lead the business through its next stage of growth as the peer to peer lender reports €3 million in lending funded in the first… Read More

January 21, 2021 @ 10:36 am By JD Alois  |  

Founded by Christian Wiens and Marius Simon in 2015,  Getsafe entered the UK insurance market about one year ago. The Germany based Insurtech has posted some information looking back at the last 12 months. In December, Getsafe secured a $30 million funding round led by… Read More