March 10, 2023 @ 9:32 am By JD Alois  |  

Roofstock, a successful real estate Fintech that enables the investment and management of properties, says it has topped $100 billion in assets tracked. At the same time, Roofstock revealed a new service dubbed “Stressa Pro,” a digital application providing tools for real estate investors. Roofstock… Read More

March 10, 2023 @ 9:09 am By JD Alois  |  

Yesterday, CI received multiple texts from Fintech insiders that expressed their worries about Silicon Valley Bank (NASDAQ:SIVB), a bank favored by startups. Shares in the bank tanked by over 60% yesterday as investors rushed for the exit. The cause of concern was the announcement by… Read More

March 10, 2023 @ 8:30 am By Omar Faridi  |  

Lloyds Banking Group has invested £10 million in digital identity company Yoti, an investment which supports the development of innovative technology “to keep people safe online, tackle the ever-growing risks of identity fraud, and give people more control over their personal data.” Yoti offer “a… Read More

March 10, 2023 @ 8:28 am By Omar Faridi  |  

Molo Finance is pleased to announce Australian mortgage lender ColCap has acquired an 80% shareholding in Molo. This follows “on from the strategic partnership with Molo and ColCap entered into last year.” The investment will “allow Molo to benefit from ColCap’s depth of funding and… Read More

March 10, 2023 @ 8:26 am By Omar Faridi  |  

Swift announced further progress on its experimental solution for interlinking Central Bank Digital Currencies (CBDCs), reporting that 18 central and commercial banks found “clear potential and value” in the API-based CBDC connector after a comprehensive review. The cooperative “published the findings of the 12-week period… Read More

March 9, 2023 @ 10:38 pm By Omar Faridi  |  

AvidXchange Holdings, Inc. (Nasdaq: AVDX), a provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, announced its referral partnership with KeyStone by Corelation Inc., the core processor for today’s credit union. This allows AvidXchange to offer AvidAscend,… Read More

March 9, 2023 @ 10:31 pm By Omar Faridi  |  

Candidly, which claims to be the market’s most comprehensive student debt and savings optimization platform, announced it raised $20.5M in a Series B round of financing, led by Altos Ventures, with follow-on participation from Cercano Management. The Series B investment round reportedly “follows a year… Read More

March 9, 2023 @ 10:29 pm By Omar Faridi  |  

Sygna, the modular crypto AML compliance service provider, has partnered with Shyft Veriscope, the “frictionless” crypto Travel Rule compliance solution, in order “to bring a seamless user experience to Sygna’s users and the crypto industry one step closer towards full interoperability and a solution to… Read More

March 9, 2023 @ 4:49 pm By JD Alois  |  

Silvergate Capital Corporation (NYSE:SI) has seen its market valuation plummet as it now trades at bankruptcy levels. At market close today, Silvergate shares traded at $2.84, having lost over 42% of its value during the day. The cratering of value followed the news yesterday that… Read More

March 9, 2023 @ 4:36 pm By JD Alois  |  

Share Scoops, a “money activism platform” is raising growth capital on Republic. According to the offering page, Share Scoops is offering a “CROWD SAFE” at a valuation cap of $10 million. A SAFE allows an investor to make an investment at a later date following… Read More

March 9, 2023 @ 4:04 pm By Omar Faridi  |  

HM Bradley, Inc, a financial technology platform built to reward savers, announced a strategic partnership with Thought Machine, a provider of banking technology. The partnership “enables HMBradley to eliminate its waitlist and open new accounts for the first time in over 16 months.” HMBradley has… Read More

March 9, 2023 @ 3:57 pm By Omar Faridi  |  

In keeping with their promise to continue supporting and expanding the vechain ecosystem, the team are pleased to share that, as of today, VeChain has been formally integrated with DappRadar, which claims to the world’s largest global Dapp store and cross-chain Dapp community. Users can… Read More

March 9, 2023 @ 12:58 pm By Omar Faridi  |  

Following a $3.5 million seed round in November, Elusiv has developed rapidly to make privacy in Web 3 practical. Recently, the protocol launched on Solana Mainnet, bringing “a suite of zero-knowledge encryption features to the Solana ecosystem that overcomes a central Web3 pain point: Ensuring… Read More

March 9, 2023 @ 12:53 pm By JD Alois  |  

NMB Bank, a commercial bank headquartered in Dar es Salaam, Tanzania, has listed its first “gender bond” on the Luxembourg Green Exchange (LGX). The bond holds a face value of  TZS 74 billion or the equivalent to USD $ 32 million). In a special event… Read More

March 9, 2023 @ 12:16 pm By Omar Faridi  |  

Papaya Global, the SaaS fintech company providing global payroll and payments technology, announced the launch of its latest offering, Papaya Global Payroll Payments — a fully automated, embedded payments platform that gives clients the ability “to process global payroll and make mass payments to employees,… Read More

March 9, 2023 @ 11:39 am By JD Alois  |  

Like the day is followed by night, we can count on politicians piling on a debacle when they can craft a sound bite that fits their desired narrative. As was reported yesterday, Silvergate Capital Corporation (NYSE:SI) has decided to wind down its operations following the collapse… Read More

March 9, 2023 @ 11:07 am By Omar Faridi  |  

Lumen Technologies (NYSE: LUMN) has partnered with Syndio, which claims to be one of the world’s leading workplace equity analytics platforms, in order “to advance its pay equity goals.” Kate Johnson, president and CEO, Lumen, said: “We are committed to rebuilding Lumen starting with our… Read More

March 9, 2023 @ 10:50 am By JD Alois  |  

In a diplomatically worded missive, the Securities and Exchange Commission, Small Business Capital Formation Advisory Committee, has posted a “Parting Perspective Letter” regarding its efforts in recent years while outlining its recommendations – that the Commission has ignored. The letter, signed by Committee Chair Carla… Read More

March 9, 2023 @ 10:47 am By Omar Faridi  |  

Alkami Technology Inc. (Nasdaq: ALKT), a cloud-based digital banking solutions provider for banks and credit unions in the U.S., announced that Maine-based Kennebec Savings Bank has launched the Alkami Digital Banking Platform. Alkami’s integrated solution and single platform for business, retail and mobile banking enables… Read More

March 9, 2023 @ 9:12 am By Omar Faridi  |  

Grasshopper, the “client-first” digital bank built for the business and innovation economy, recently announced steady growth and solid momentum for the year ending 2022. The bank has reportedly “expanded its management team, relaunched last March with a new vision, and has built strong lines of… Read More