April 19, 2023 @ 11:47 am By JD Alois  |  

Januar ApS is reporting that it has received its full Payment Institution license from the Danish Financial Supervisory Authority (DFSA). Januar says that the license will enable it to serve clients across the European Economic Area (EEA). The company shares that it has received “significant interest:… Read More

April 19, 2023 @ 11:27 am By JD Alois  |  

Montonio and Episode Six have announced a new partnership to “bolster its open banking offering” in the Nordic region. Montonio is an e-commerce enabler providing payment links, card payments, automatic shipping label printing, and installment solutions. By incorporating Episode Six’s service, Montonio expects to reduce… Read More

April 19, 2023 @ 10:57 am By Omar Faridi  |  

Tribe Capital, an established VC company launched back in 2018, is reportedly leading an investment round worth $250 million in order to assist FTX with re-establishing its virtual currency exchange. The latest move comes after the firm had filed for bankruptcy and the new CEO,… Read More

April 19, 2023 @ 10:42 am By Omar Faridi  |  

The team at SwissBorg, which makes crypto wealth management more accessible, says that they’ve achieved a lot with their Series A fundraising. In the last three months, SwissBorg claims they “rewrote the way fundraisers are done.” The firm says they “showed the world, once again,… Read More

April 19, 2023 @ 10:18 am By JD Alois  |  

US tech startup funding sank during Q1 2023 in contrast to the first quarter of 2022. According to a report, tech startup funding delivered the lowest amount of money in the past three years in Q4 2022. According to the report by Tracxn, Q4 2021… Read More

April 19, 2023 @ 9:55 am By JD Alois  |  

While the Securities and Exchange Commission (SEC) has aggressively pursued enforcement actions against digital asset platforms and issuers, the industry has complained the rules are unclear, making compliance a challenge. At the same time, the SEC has asked crypto trading platforms to come in and… Read More

April 19, 2023 @ 8:50 am By Omar Faridi  |  

On April 13, 2023, NCR (NYSE: NCR) determined that a single data center outage that is impacting some functionality “for a subset of its commerce customers was caused by a cyber ransomware incident.” Upon such determination, NCR immediately “started contacting customers, enacted its cybersecurity protocol… Read More

April 19, 2023 @ 8:46 am By Omar Faridi  |  

Coinbase (NASDAQ:COIN) is reportedly getting ready for an anticipated “years-long” court case with the US Securities and Exchange Commission (SEC). This, according to a report from CNBC, which is citing comments from Coinbase CEO Brian Armstrong. It appears that this update has come after the… Read More

April 19, 2023 @ 8:00 am By Omar Faridi  |  

Unchained, the financial services platform for bitcoin holders, has announced its $60 million Series B funding round led by Valor Equity Partners. The initial investment round close, “completed on April 11, included participation from existing investors NYDIG, Trammell Venture Partners, Ecliptic Capital, and Highland Capital… Read More

April 19, 2023 @ 7:52 am By Omar Faridi  |  

British Business Investments, a wholly-owned commercial subsidiary of the British Business Bank, aims “to increase the supply and diversity of finance for smaller businesses across the UK by boosting the lending capacity of a range of finance providers.” Since it was established in 2014, British… Read More

April 18, 2023 @ 11:45 pm By Omar Faridi  |  

PeerBerry recently revealed that its business partners are repaying €1.8 million worth of war-affected loans. PeerBerry writes in a blog post that under the current Group guarantee mechanism in 14 months of the war, the investment platform’s business partners have already repaid €36.8 million, or… Read More

April 18, 2023 @ 11:17 pm By Omar Faridi  |  

In today’s volatile environment, and with 84% of businesses expecting running costs to spike further this year1, SMEs are “increasingly reliant on real-time actionable insights to guide critical decisions.” Latest figures from Pulse, the “one-of-a-kind,” data-driven tool and resource hub for SMEs, from Nucleus Commercial… Read More

April 18, 2023 @ 11:15 pm By JD Alois  |  

Tomorrow (April 19, 2023), the Subcommittee on Capital Markets will hold a hearing entitled A Roadmap for Growth: Reforms to Encourage Capital Formation and Investment Opportunities for All Americans. The hearing memo notes that there are two ways to access capital – a public offering… Read More

April 18, 2023 @ 10:33 pm By JD Alois  |  

Paxful CEO Ray Youssef has resigned, Tweeting that “the full story shall soon be revealed.” Paxful is a Bitcoin-focused global peer-to-peer platform that aims to change the way money moves, allowing transfers to anyone anywhere.   I resign as @paxful CEO with: ☑️ the wallet… Read More

April 18, 2023 @ 10:06 pm By Omar Faridi  |  

Debitum reveals that their Estonia-based partner – non-bank financing company Evergreen Capital which issues business loans to Estonian SMEs from the manufacturing and services sectors has “released a new ABS program with 26 underlying assets.” According to a blog post published by Debitum, the ABS… Read More

April 18, 2023 @ 10:02 pm By Omar Faridi  |  

Modern Treasury, the operating system for the new era of payments, today announced its expanded Reconciliation Engine, which automates and simplifies end-to-end cash reconciliation for businesses. This enhanced offering reportedly “drives speed and efficiency, accelerates growth, reduces financial risk, and provides real-time insight into payment… Read More

April 18, 2023 @ 6:55 pm By Omar Faridi  |  

Mantle, the “high-performance,” modular Ethereum Layer-2 network, announced the first of many ecosystem partners ahead of its impending mainnet launch in Q2 2023. Biconomy, a web3 developer and transaction infrastructure platform, is “the latest project to join the Mantle ecosystem and will be the first… Read More

April 18, 2023 @ 4:37 pm By JD Alois  |  

Robo-advisor Betterment has been hit by charges from the Securities and Exchange Commission regarding material misstatements and omissions pertaining to a tax loss harvesting service (TLH). Betterment has settled the charges with the SEC without admitting or denying the claims, paying a $9 million penalty…. Read More

April 18, 2023 @ 4:29 pm By JD Alois  |  

SEC Chair Gary Gensler spent most of the day on Capitol Hill testifying in front of the House Financial Services Committee. As the Committee is currently controlled by the Republicans – which tend to be more innovation-friendly and more supportive of small businesses, some of… Read More

April 18, 2023 @ 4:04 pm By Omar Faridi  |  

BrewDog co-founder James Watt recently noted that the founder of Contrarian Thinking, Codie Sanchez, along with comedian Dom Joly will reportedly be joining his advisory panel for The Next Unicorn. BrewDog pursued multiple securities crowdfunding rounds in the UK and then crossed the Atlantic and… Read More