February 21, 2023 @ 9:13 am By JD Alois  |  

European digital asset manager Coinshares (Nasdaq Stockholm: CS) has reported Q4 results. According to the company, Q4 revenue was £14.5 million versus Q4 2021 of £41.9 million. For the full year, revenue was £72.6 million versus 2021 at £151.8 million. Income for the quarter was… Read More

February 21, 2023 @ 8:59 am By JD Alois  |  

Reskube Ltd, a remote working platform based in the UK, has listed a securities offering on Crowdcube seeking to raise £500,000 at an £8 million pre-money valuation. Investors will receive a 5.88% stake in the firm. Currently, the offering is in the private offering stage,… Read More

February 21, 2023 @ 8:06 am By Omar Faridi  |  

Berlin-based Pliant claims it is looking back at a very successful year 2022. While entering seven additional European markets, it also “recorded a sixfold growth of its customer portfolio.” With the closing of this Series A investment round, the company is “now setting itself up… Read More

February 21, 2023 @ 8:05 am By Omar Faridi  |  

The Financial Conduct Authority (FCA) is seeking views on “what regulatory change might help the UK’s asset management industry innovate, better support the investors it serves and boost competition.” The UK is a leading center for asset management, “with over £11 trillion of assets managed… Read More

February 21, 2023 @ 6:49 am By Omar Faridi  |  

OneSpan (NASDAQ: OSPN), the digital agreements security company, announced the launch of OneSpan Notary, which is described as “a next-generation, all-in-one, cloud-connected solution that enables organizations to transform the way notaries and customers complete agreements and notarize documents in a secure and trusted environment.” Unlike… Read More

February 20, 2023 @ 11:47 pm By Omar Faridi  |  

PensionBee, a online pension provider, has calculated that “moving £1 trillion, the approximate value of UK defined contribution pension funds of around 28 million UK savers that are mostly held in ‘default’ investment plans, to ‘positive impact’ funds, could reduce the carbon footprint of UK… Read More

February 20, 2023 @ 11:18 pm By Omar Faridi  |  

Following its prior issuances in 2021 and 2022, auxmoney has “placed its third ABS transaction with a record amount of EUR 350 million.” With this transaction, auxmoney has “been re-opening the European market in 2023 with the first consumer ABS deal.” Strong investor demand has… Read More

February 20, 2023 @ 10:24 pm By Omar Faridi  |  

Pump and dump schemes in traditional finance are quite simple: Holders of a tradable asset, such as stock in a company, will “heavily hype and promote the asset to other investors, often using misleading statements, causing the price to rise rapidly as new investors buy,”… Read More

February 20, 2023 @ 9:36 pm By Omar Faridi  |  

Elliptic, the global firm focused on crypto-asset risk management, announced that it has expanded its global leadership team with the appointment of Barry Chubrik as Chief Financial Officer, and Sophie Froment as Chief People Officer. Chubrik will join Elliptic’s growing US team “based out of… Read More

February 20, 2023 @ 9:34 pm By Omar Faridi  |  

HighRadius, the global firm focused on Autonomous Finance Platforms for the Office of the CFO, announced “record” performance in 2022. Customer Growth & Adoption: Grew client base 24% YoY to over 800+ clients, including 200+ from the Forbes Global 2000 Completed 2400+ finance transformation projects… Read More

February 20, 2023 @ 9:33 pm By Omar Faridi  |  

Transaction Network Services (TNS) announced the launch of its standardized Dedicated Server offering, which is “the first phase in the deployment of its new Cloud platform for financial markets.” This product is designed specifically “for high-performance trading and utilizes TNS’ bare metal servers, as well… Read More

February 20, 2023 @ 5:02 pm By Omar Faridi  |  

The global economy took a downward turn in 2022, “leaving behind 2021’s environment of easy money and soaring valuations,” according to an update from Carta. The U.S. venture capital market “followed suit.” Venture deal count for private companies on Carta in 2022 “declined 29% year… Read More

February 20, 2023 @ 4:54 pm By JD Alois  |  

Earlier this month, the House Subcommittee on Capital Markets, part of the House Financial Services Committee, held a hearing on Empowering Entrepreneurs. The specific topic was “Removing Barriers to Capital Access for Small Businesses.” As everyone should understand, small businesses create around half of the… Read More

February 20, 2023 @ 12:48 pm By Omar Faridi  |  

Uplinq Financial Technologies – which claims to be the first global credit assessment and scoring platform for small business lenders – announced “a $600,000 strategic investment from Cambrian Ventures (Cambrian), a venture capital firm focused on early-stage fintechs.” Cambrian is “led by former Andreessen Horowitz… Read More

February 20, 2023 @ 10:55 am By Omar Faridi  |  

At -47.9%, crypto VC deal activity “continued to decline sharply in the fourth quarter of 2022,” according to an update from Pitchbook. Pitchbook noted in their latest report that the vertical’s third consecutive QoQ “decline to $2.5 billon is the lowest amount of capital invested… Read More

February 20, 2023 @ 10:25 am By JD Alois  |  

FinTech Alliance has announced a partnership with Seedrs, a leading securities crowdfunding platform. FinTech Alliance is a community backed by the UK government that operates in partnership with the UK Department for International Trade. By working within the UK Fintech ecosystem, the entity aims to… Read More

February 20, 2023 @ 10:09 am By JD Alois  |  

Fireblocks, a digital asset custody platform, is slashing its headcount by 5%, according to a report. Fireblocks joins a growing list of Fintechs that have looked to cut costs in a challenging macroeconomic environment. Fireblocks is a young provider in the digital asset sector that… Read More

February 20, 2023 @ 10:07 am By Omar Faridi  |  

Juniper Research defines Open Banking as the practice of “sharing, and to an extent control, personal financial information between FIs (Financial Institutions) and TPPs (Third-party Providers), mostly in the form of Fintech developers, subject to customer consent via the use of APIs (Application Programming Interfaces).”… Read More

February 20, 2023 @ 8:41 am By Omar Faridi  |  

Noëmie Rosala Rivera joins Lendable as Associate Director of Investor Relations. Mary Kahng, Head of Investor Relations, said: “We are very excited to have Noëmie join the IR team. Her deep passion for impact, combined with her multifaceted experience in gender smart investing and blended… Read More

February 20, 2023 @ 8:38 am By Omar Faridi  |  

Monad Labs is announcing their $19M seed round, “led by Dragonfly Capital and with participation from Lemniscap, Placeholder, Shima Capital, Finality Capital, and Credibly Neutral, as well as over 70 angels, including Cobie, Hasu, 0xMaki, and a number of other leaders in the space.” This… Read More