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Overfunding: Insurtech Startup Honcho Quickly Secures £1.2 Million Through Seedrs Equity Crowdfunding Round

Just a few months after securing £1.2 million through its latest investment round, UK-based insurtech Honcho has launched an equity crowdfunding campaign on Seedrs and quickly secured its initial £1.2 million funding target. The new crowdfunding campaign less than six months after raising nearly £900,000 through… Read More

Mainvest CEO Calls US Paycheck Protection Program a Failure: “the small business relief money didn’t go to the right people”

Nick Mathews, CEO of Mainvest – a FINRA regulated funding portal offering securities under Reg CF, believes that the highly touted and popular Paycheck Protection Program (PPP), launched by the US Government to backstop the economy during the COVID-19 pandemic, has been ineffective in getting money… Read More

UK Fintech Wagestream Secures £20 Million Through Series B Funding Round Led By Northzone

Wagestream, a UK-based fintech, announced on Tuesday it has secured £20 million through its Series B funding round, which was led by Northzone with participation from Balderton Capital, QED Investors, LocalGlobe, Fair By Design, Jigsaw VC, and Village Global. Founded in 2018, Wagestream explains it… Read More

HM Treasury Update Shows Ongoing Rise of COVID-19 Support Schemes, Bounce Back Loans Top One Million, Future Fund at £380 Million

  HM Treasury has posted its weekly update on its COVID-19 business support schemes and as one would expect the numbers continue to push higher. HM Treasury reports that more than one million businesses have been approved to receive £45 billion in financing support. In… Read More

Insurtech LeaseLock Milestone: Insured Leases Totals More Than $300 Million in Value

LeaseLock, an insurtech that provides totally eliminates security deposits, surety bonds and guarantors in rental housing, recently announced it has insured leases totaling more than $300 million in value. As previously reported, LeaseLock’s Zero Deposit allows renters to pay a lower monthly fee starting at… Read More

LendingClub Report: We are observing resilience on the platform

LendingClub (NYSE:LC) has published a blog post and affiliated 8-K updating on platform performance during a challenging market pummeled by COVID-19. During the last earnings report, LendingClub reported loan originations down in April by a whopping 90%. Today’s missive is a bit more optimistic as… Read More

Digital Asset Derivatives Platform ZUBR Receives “In Principle” Approval from the Gibraltar Financial Services Commission

ZUBR, a digital asset platform to arbitrage using derivatives, has received “in-principle” approval from the Gibraltar Financial Services Commission (GFSC) to be authorized as a Distributed Ledger Technology (DLT) provider. ZUBR targets a more sophisticated user that may use algorithmic trading. ZUBR’s client-base is said to… Read More

EstateGuru Opens £2 Million Crowdfunding Round on Seedrs, Quickly Tops Minimum Hurdle

EstateGuru, an online marketplace for loans secured by property, has quickly topped its minimum crowdfunding hurdle on Seedrs. EstateGuru set a minimum raise of €350,000 but as of today, the Fintech has raised over €483,000 from 548 individual investors. EstateGuru is hoping to raise €2… Read More

Telegram to Refund Money from GRAM ICO? Perhaps.

Last Thursday, a letter posted on the Russian website of SmartLab said that Telegram will offer GRAM purchasers the option to receive their money back as the deadline for the issuance of the tokens had passed. Telegram has been in an ongoing legal battle with… Read More

As Confusion Swirls Regarding PPP, FinCEN Provides FAQ Regarding BSA Requirements

The Paycheck Protection Program (PPP), one of the elements of the CARES Act designed to help the US SME sector that has been demolished by the COVID-19 pandemic, has been lauded in its intent but criticized in its execution. Confusion continues as banks struggle to… Read More

SEC Provides Temporary Relief for BDCs Investing in SMEs

The Securities and Exchange Commission has announced that it is providing temporary, conditional exemptive relief for business development companies (BDCs) to enable them to make additional investments in small and medium-sized businesses. The SEC pointed out that this included firms affected by COVID-19. BDCs invest… Read More

Digital Banking: Online Lender Mintos Pursues European Investment and e-Money Licenses

Mintos, a global loan marketplace claiming over a quarter of a million investors, is pursuing both a investment firm license and an e-money institution license, according to a release from the company. Mintos has applied to the Financial and Capital Market Commission (FCMC) in Latvia… Read More

Roche Cyrulnik Freedman and Selendy & Gay File Multiple Class Actions Against Well Known Crypto Exchanges, Also Targets Manipulative Conduct at Bitmex

Two law firms, Roche Cyrulnik Freedman and Selendy & Gay, have jointly filed 11 class actions against well-known crypto exchanges. The lawsuits also include accusations of “manipulative conduct” by Bitmex. The allegations were filed in the Southern District of New York against four crypto exchanges… Read More

Open for Trading: Openfinance Lists LDCC Token from Lottery.com

Openfinance, a registered alternative trading system (ATS) that is trading marketplace for digital assets, has announced the listing of Lottery.com‘s LDCC token. The digital asset is available for all US investors – not just accredited individuals. LDCC is the security token offered by Lottery.com. The… Read More

Schroders, Ferd and Fintech Collective Invest in Accelerator Antler

Schroders, Johan H. Andresen through his investment house Ferd, the Fintech Collective, and more have invested in global tech accelerator Antler. Founded in 1804, Schroders is a global investment management company that currently manages £444.4 billion and employs over 5,000 people worldwide in 32 locations… Read More

Following Banner Year for Israeli Tech Exits, OurCrowd Highlights Investment Success with 36 Exits to Date

OurCrowd, the leading global investment crowdfunding platform and Israel’s leading venture investor, is out with a note on some of its exits in advance of the OurCrowd Global Investor Summit taking place in February, Israel’s largest tech conference and the largest equity crowdfunding event in… Read More

AvidXchange Secures $260 Million Through Latest Investment Round to Support Continued Growth

Money Benjamin Dollars 100

AvidXchange, a U.S. fintech that provides accounts payable and automated payment solutions to midsize businesses, announced on Friday it has raised $260 million in equity capital as part of the company’s latest financing round. With contributions from TPG Sixth Street Partners and other leading investors, this brings… Read More

Visa-Plaid Acquisition: Sign of the Times

On January 13th, Visa (NYSE: V) announced it had purchased the Fintech Plaid as the old school credit card rails company seeks to boost its innovation cred. Visa paid a whopping $5.3 billion to acquire Plaid – a nice exit for early investors. Al Kelly,… Read More

An ICO by Any Other Name: SEC Issues Investor Alert on Initial Exchange Offerings (IEOs)

The US Securities and Exchange Commission’s (SEC’s) Investor Education and Advocacy division is warning the public that, because both Initial Exchange Offerings (IEOs) and the platforms selling them may be unregistered and unregulated, investing in IEOs may be high risk- and not much different than… Read More

The North American Securities Administrators Association Hammers SEC’s Move to Broaden the Definition of an Accredited Investor

The President of the North American Securities Administrators Association (NASAA), Christopher W. Gerold, has issued a statement regarding the Securities and Exchange Commission’s (SEC) proposal to modernize and improve the definition of an accredited investor. NASAA is the advocacy and lobbying group that represents state… Read More

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