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StartEngine Reports 37 Exits So Far

StartEngine, a leading investment crowdfunding platform in the US, is reporting 37 exits to date. This includes the issuers that raised capital on SeedInvest, a platform StartEngine recently acquired. In a widely distributed email, StartEngine CEO Howard Marks commented: “In order to take equity crowdfunding… Read More

Sam Bankman-Fried Email to Former Coworkers Distributes Online, Apologizes for Collapse of FTX

Sam Bankman-Fried, the disgraced former CEO and founder of FTX, has been spending recent days apologizing for his mismanagement of the firm on Twitter. Yesterday, an apparent email distributed by Bankman-Fried was shared on the internet, credited to Coindesk. In the email, Bankman-Fried apologized once… Read More

CEO of Tide: Chancellor Delivered Little Help on Growth

The Autumn Statement delivered by the Chancellor of the Exchequer, Jeremy Hunt, last week included some grim news – including the declaration that the UK economy is in a recession. Fiscal sobriety was the message, a sharp turn from the mini-budget under Truss that caused… Read More

CapitalRise Finances £8.5 Million Property Loan

CapitalRise has financed an £8.5 million loan for the acquisition and development of a detached 13,000 sq. ft house on the private Wentworth Estate in Virginia Water. CapitalRise notes that the new detached house on the plot has an estimated sales price of £16 million… Read More

Embedded Insurance Platform Cover Genius Raises $70 Million Series D

Insurtech Cover Genius has raised $70 million in a Series D round led by Dawn Capital. New investors Atlas Merchant Capital joined with existing investors GSquared and King River Capital to fund the round. The round was said to be oversubscribed and came at a… Read More

France: AMF Appoints New Chair – Marie-Anne Barbat-Layani

The Autorité des Marchés Financiers (AMF) has appointed Marie-Anne Barbat-Layani as its new Chair, replacing Robert Ophèle, whose term of office came to an end on July 31, 2022. In the interim, Jean-Claude Hassan has been acting Chair. Barbat-Layani is a graduate of the Paris… Read More

British Business Bank Posts Updated of Equity Stakes in Future Fund Backed Firms

The British Business Bank has posted an updated list that includes new companies backed by the Future Fund, one of several schemes enacted to provide assistance to firms harmed by the COVID-19 health crisis. Created in 2014, The British Business Bank is the UK government’s… Read More

QuickSwap Lend Shuts Down Following Exploit

QuickSwap, a decentralized crypto exchange and automated market maker (AMM), has shut down QuickSwap Lend following an exploit. According to a Tweet by the platform, approximately $220,000 was pilfered in a “flash loan” due to a vulnerability. ⚠️QuickSwap Lend is closing⚠️ 🔗$220k was exploited in… Read More

Digital Asset Clarity Act of 2022 Aims to Determine If the Asset is a Security or Not So Much

Senator Bill Hagerty’s Digital Asset Clarity Act of 2022 aims to determine when a digital asset is a security and when it may be something else. As was reported earlier this month, the legislation strives to provide digital asset exchanges with a safe harbor from… Read More

finbots.ai Expands into Indonesia, Partners with Proptech Tanaku

finbots.ai, an artificial intelligence (AI) firm for credit modeling, has signed an agreement to partner with Proptech Tanaku, expanding their services into Indonesia. According to a company statement, finbots.ai platform will help Tanaku quickly create a high-quality customer risk assessment model to streamline pre-mortgage financing… Read More

SEIS Adjustment to Help Early Stage Firms, UK Crowdfunding Platforms

Among other policy initiatives aiming to boost the UK’s flagging economy, SEIS or Seed Enterprise Investment Scheme – a pro-innovation tax exemption received an adjustment as outlined in the Chancellor of the Exchequer’s “mini-budget” revealed last month. According to the document: “From April 2023, companies… Read More

Branded Payments Firm Recharge.com Goes Global

Recharge.com, a European payments company, has announced the launch of a global marketplace for people to purchase branded gift cards in a push to become the leading branded payments company in the world. Recharge.com was founded in 2010 and is based in Amsterdam. Recharge highlights… Read More

Funding Circle, Bayview Asset Management Announce Lending Partnership

Funding Circle (LSE: FCH), which claims to be the UK’s largest small business lending platform, and Bayview Asset Management, an investment management firm headquartered in Coral Gables, Florida, announced a lending partnership that is “targeting the provision of £700m funding to small businesses over an 18… Read More

NASAA Adopts Statement of Policy on Peer to Peer Lending

The North American Securities Administrators Association (NASAA) has announced a new Statement of Policy regarding peer-to-peer lending (P2P Lending) adopted during its annual Fall Meeting in Nashville. P2P lending is the act of individual investors providing capital to a borrower – either for a single… Read More

Bitfinex Supports Ethereum Proof of Work Fork (ETHW)

Fork

Crypto exchange Bitfinex is out with a note that it will support the Ethereum fork that will continue the Proof of Work (PoW) process. This follows the successful Merge that was completed today migrating Ethereum from Proof of Work to Proof of Stake (PoS). Multiple… Read More

Regtech SteelEye Raises $21 Million Series B

Regtech SteelEye, a London-based firm, has raised a $21 million Series B round led by Ten Coves Capital, according to the firm. Other investors in the round include; Fidelity International Strategic Ventures, Illuminate Financial, Beacon Equity Partners, and apparently “a large family office.” In total,… Read More

PayPal, Intuit, Join Financial Technology Association

PayPal (NASDAQ:PYPL) and Intuit (NASDAQ:INTU) are the newest members of the Financial Technology Association (FTA) according to a statement by the group. The two big tech firms join a growing roster of Fintechs aiming to have their voices heard inside the beltway. Names like Block,… Read More

Brazilian Fintech Klavi Raises $15 Million to Provide Open Finance Solutions

Klavi, a Brazilian Fintech startup, has raised $15 million in a Series A funding round. The funding was led by venture capital funds Iporanga Ventures and Parallax Ventures and included GSR Ventures. Klavi said the banking infrastructure provider CIP S.A. and Vivo Ventures, Vivo’s Corporate… Read More

Global Ransomware Attacks on the Rise as August, 2nd Biggest Month Tracked: Report

BlackFog, a global cyber security firm, has published a report on global ransomware that indicates August was the second-highest month of all time for cyber ransom-driven attacks. The report states: “In August, we recorded 39 ransomware attacks, the second highest month we’ve ever recorded. Healthcare… Read More

Investor’s Business Daily, MarketWatch Publish List of Most Trusted Financial Services Firms. Where are the Fintechs?

Investor’s Business Daily and MarketWatch, two financial publications, have published a list of the most trusted financial companies without a single Fintech being recognized. According to IBD, Marketwatch, the best of the lot went it comes to consumer trust are as follows: USAA: Auto Insurance… Read More

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