February 6, 2023 @ 4:25 pm By JD Alois  |  

Last week, it was reported that DealMaker had filed a lawsuit against Issuance, claiming that Issuance had utilized a relationship between the two firms to gain access to intellectual property to launch a similar service. DealMaker is a tech-enabled platform that helps firms raise money… Read More

February 6, 2023 @ 4:07 pm By Omar Faridi  |  

Vancity took another step recently in its commitment to climate action. It is reportedly one of the first financial institutions in Canada “to offer its members a way to estimate the CO2 emissions that come from their purchases.” Every Vancity Visa credit cardholder “can track… Read More

February 6, 2023 @ 4:03 pm By Omar Faridi  |  

Post-COVID-19 holiday shoppers flocked to online sales “in unprecedented numbers in 2022, bringing along with it an increased risk of chargebacks.” Monica Eaton, founder of Chargebacks911, advises eCommerce merchants “to act now and protect themselves from first-party fraud.” As holiday shoppers navigated the post-COVID-19 inflationary… Read More

February 6, 2023 @ 12:40 pm By Omar Faridi  |  

Radiant Logic, the Identity Data Fabric company, announced that it has entered into a definitive agreement to acquire Brainwave GRC, a key player focused on Identity Governance and Analytics (IGA) headquartered in France. Together, Radiant Logic and Brainwave GRC address “a broad set of identity… Read More

February 6, 2023 @ 12:33 pm By JD Alois  |  

The House Subcommittee on Financial Institutions and Monetary Policy, part of the Financial Services Committee, will discuss banking and the need to improve the regulatory environment in light of emerging technology. The hearing, Revamping and Revitalizing Banking in the 21st Century, will review ways regulation… Read More

February 6, 2023 @ 11:17 am By Omar Faridi  |  

CubiCasa, a global-reaching real estate software company, announced that New Mexico MLS has joined its MLS Partnership Program launched in December. Through CubiCasa’s program, New Mexico MLS members now “have access to free floor plans based on scans completed via the CubiCasa app, a discounted… Read More

February 6, 2023 @ 10:37 am By Omar Faridi  |  

In an analysis of its Health Saving Account (HSA) Database that was published recently, the Employee Benefit Research Institute (EBRI) found that, “despite health care expenditures increasing in the wake of the COVID-19 pandemic, average HSA balances increased during 2021.” In fact, the majority of… Read More

February 6, 2023 @ 10:33 am By JD Alois  |  

The House Subcommittee on Capital Markets, part of the House Financial Services Committee, has hit the ground running in the new Congress. As was reported earlier, the Subcommittee has scheduled a hearing on access to capital and entrepreneurship. On the same day, the Subcommittee will… Read More

February 6, 2023 @ 9:55 am By Omar Faridi  |  

FTX Trading Ltd. (d.b.a. FTX.com), and its affiliated debtors (together, the “FTX Debtors”), announced the FTX Debtors are “sending confidential messages to political figures, political action funds, and other recipients of contributions or other payments that were made by or at the direction of the… Read More

February 6, 2023 @ 9:52 am By JD Alois  |  

Roofstock is best known for enabling individuals to invest in real estate online.  Roofstock is an online investment platform that has gotten really big very quickly, having enabled over $5 billion in transactions. It also provides services like property management as well as portfolios of… Read More

February 6, 2023 @ 9:14 am By JD Alois  |  

This coming Wednesday, February 8, 2023, the Subcommittee on Capital Markets, part of the House Financial Services Committee, will address access to capital as it looks to approve legislation aiming to improve funding for early-stage firms. The hearing is entitled “Empowering Entrepreneurs: Removing Barriers to… Read More

February 6, 2023 @ 8:47 am By JD Alois  |  

CI recently published an update on Reg CF [Regulation Crowdfunding], an exemption that allows a business to raise up to $5 million in an online securities offering. Investors may be non-accredited or accredited. While the legislation creating Reg CF was signed into law in 2012,… Read More

February 6, 2023 @ 8:11 am By Omar Faridi  |  

The UK government has released proposals for regulation of the cryptocurrency industry in hopes of “stabilizing the market while diminishing the incentives for users to flock to offshore jurisdictions.” Perhaps one of the benefits of the post-FTX landscape is that regulators are now “urged to… Read More

February 6, 2023 @ 8:09 am By Omar Faridi  |  

Social purpose Fintech firm Salad Money will aim to serve the demand for affordable credit from NHS and public sector employees after receiving a senior debt facility of as much as £40 million via a US-headquartered credit fund. The facility means more essential workers among… Read More

February 5, 2023 @ 10:37 pm By Omar Faridi  |  

Enfuce, the European card issuing and processing firm, has bolstered its management team with pivotal senior appointments as it gears up for further rapid expansion in 2023. The Finnish-based Cloud-native platform pioneer “has appointed Andy Patton as Chief Commercial Officer (CCO), Jessica Collingwood as Chief… Read More

February 5, 2023 @ 9:45 pm By Omar Faridi  |  

We recently caught up with Dr. Torsten Stüber, Co-Founder and CTO at Berlin-based Pendulum, an initiative focused on traditional finance infrastructure blockchain solutions, which is “the missing link between fiat and DeFi.” Pendulum is an open-source blockchain built on the “proven” Parity Substrate framework, establishing… Read More

February 5, 2023 @ 8:57 pm By Omar Faridi  |  

The Centre for Finance, Innovation and Technology (CFIT) has named Ezechi Britton MBE as its Chief Executive Officer. He will start the role in April 2023. Britton will work with Charlotte Crosswell (CFIT Chair) in order “to deliver on CFIT’s mission to support the next… Read More

February 5, 2023 @ 7:17 pm By Omar Faridi  |  

Klarpay AG marks a “significant” expansion of its international payment offering with the launch of 13 new currency IBAN accounts. This addition “enables digital companies, including online merchants, ad networks, marketplaces, and influencers, to collect and disburse payments in AED, AUD, CAD, DKK, HKD, HUF,… Read More

February 5, 2023 @ 6:17 pm By Omar Faridi  |  

Gobi Partners, the “most interconnected” Pan-Asian venture capital (VC) firm with US$1.5 billion (RM6.5 billion) in assets under management has “onboarded four more promising Malaysian startups to its Gobi Superseed II Fund (Gobi SSII Fund).” The four firms “being onboarded are Islamic-themed streaming service Durioo+,… Read More

February 5, 2023 @ 6:00 pm By Omar Faridi  |  

Sunstone Credit, Inc., a technology-enabled clean energy financing platform that helps businesses go solar, announced an oversubscribed $20 million Series A funding round. The investment round was “led by an affiliated fund of Greenbacker Capital Management LLC, which provides flexible capital and best-in-class guidance for… Read More