January 12, 2023 @ 10:13 am By JD Alois  |  

Robinhood (NASDAQ:HOOD), has announced the availability of its new retirement product. The new service was revealed last year, and the digital brokerage launched a waitlist with names now said to be over 1 million customers. Perhaps the most interesting aspect of the retirement product is the… Read More

January 12, 2023 @ 9:57 am By Omar Faridi  |  

The team at Bondora notes that 2022 ended strong “with impressive numbers across [their] portfolios.” December reportedly had “the highest loan originations and investment figures, over €1M in recoveries, and more.” In December, 1,500 new investors joined Bondora. Investors have “earned more than €88M in… Read More

January 12, 2023 @ 9:49 am By Omar Faridi  |  

The year 2022 was by far the most “eventful” year for the crypto market, according to Jack Tan, the Co-founder of WOO Network. According to Jack Tan of the WOO Network, the industry that has been struggling for years to get mass adoption “took back-to-back… Read More

January 12, 2023 @ 9:44 am By Omar Faridi  |  

Greenlight Financial Technology, Inc., the fintech company on a mission to help parents raise financially-smart, independent kids, announced the launch of Greenlight Level Up™, an interactive, curriculum-based financial literacy game. Level Up goes beyond the National Standards for K-12 Personal Financial Education developed by the… Read More

January 12, 2023 @ 8:54 am By Omar Faridi  |  

The team at Debitum notes that the last month of 2022 “has brought positive and growing results for Debitum platform.” In December 2022, Debitum Asset-Backed Security offer “increased to 12 – TRIPLE DRAGON had 25 underlying assets in 5 ABSs, FLEXIDEA had 2 ABSs with… Read More

January 12, 2023 @ 8:50 am By Omar Faridi  |  

Coincover – the digital asset protection technology company – announces the appointment of Katharine Wooller as Business Unit Director, bolstering the firm’s profile with her extensive expertise. The news concludes a year of steady growth for the company, “just months after Coincover launched its new… Read More

January 12, 2023 @ 8:47 am By JD Alois  |  

Sam Bankman-Fried, founder and former CEO of FTX – once one of the largest crypto exchanges in the world and now in the midst of bankruptcy, has taken to Substack to pleed his case. Bankman-Fried, now effectively under house arrest, claims that if he had… Read More

January 12, 2023 @ 8:24 am By Omar Faridi  |  

Small business loan approval percentages at big banks “slipped again, falling from 14.6% in November to 14.5% in December, which tied with January for the lowest monthly approval rate for big banks in 2022,” according to the latest Biz2Credit Small Business Lending Index™ released on… Read More

January 12, 2023 @ 1:15 am By Omar Faridi  |  

CLOWD9, which claims to be the world’s first cloud native and decentralized payments processing platform has partnered with Netcetera, a global software company for secure and convenient digital payment solutions, as its payment security provider. CLOWD9 will “use its 3-D secure issuer service for transaction… Read More

January 11, 2023 @ 11:47 pm By Omar Faridi  |  

In Q3 2022, Insurtech companies globally “raised $1.6 billion in VC across 134 deals, representing a 51.1% decrease in QoQ deal value,” according to an update from Pitchbook. This was “the lowest amount of invested capital since Q2 2020 and the lowest deal count since… Read More

January 11, 2023 @ 11:30 pm By JD Alois  |  

In the days when FTX could do no wrong, viewed as the second coming of crypto exchanges, FTX cut a deal to have its brand plastered on the Miami Heat Arena. Stepping in to take over from the august American Airlines in the Spring of… Read More

January 11, 2023 @ 11:27 pm By Omar Faridi  |  

New Kriya (previously MarketFinance) research shows high levels of awareness of Embedded Finance among UK B2B SMEs. But with implementation intent being 3 years on average, “this means thousands of UK firms are leaving money on the table,” the report from Kriya reveals. UK SME… Read More

January 11, 2023 @ 11:08 pm By Omar Faridi  |  

Custom-build homes platform Brick&Bolt announced that it has raised $10 million, co-led by global venture capital firms Accel and Celesta Capital. The company plans to use the funding “to enhance its tech stack, strengthen its leadership team and expand to 12+ cities in the next… Read More

January 11, 2023 @ 10:55 pm By JD Alois  |  

Butter, a payments Fintech that tackles transaction churn, has raised $22 million in a Series A funding round led by Norwest Venture Partners! Existing investors also participated in the round, including Atomic, Transpose Platform, and Spring Tide Capital. Butter CEO and founder Vijay Menon revealed… Read More

January 11, 2023 @ 9:34 pm By Omar Faridi  |  

A new report from SlowMist takes a close look at the major events in the blockchain industry that took place in 2022. The report from SlowMist provides an overview of the security status of each area within the industry and delves into “common attack techniques.”… Read More

January 11, 2023 @ 9:30 pm By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has proposed a rule to establish a public registry of nonbank financial firms’ terms and conditions. The CFPB states that, in some cases, consumer rights are limited or waived, or terms are misleading. The CFPB states that non-banks would… Read More

January 11, 2023 @ 6:09 pm By Omar Faridi  |  

The team at Coinmetrics has released the State of DeFi Tokens in 2023 Report. Authored by Matías Andrade and Kyle Waters, the Coinmetrics report reveals that decentralized finance (DeFi) is “a rapidly growing application of blockchain technology that aims to provide financial services, such as… Read More

January 11, 2023 @ 4:39 pm By Omar Faridi  |  

Four in five (80%) SMBs (small to medium-sized businesses) consider payments and a seamless checkout experience “as critical to growth.” New research among 200 U.S. brick-and-mortar SMBs commissioned by leading payments platform, Paysafe (NYSE: PSFE), revealed “that 69% of merchants want to reduce the time… Read More

January 11, 2023 @ 4:16 pm By JD Alois  |  

Ava Labs has partnered with Amazon Web Services (AWS) to boost the adoption of the Avalanche blockchain. Avalanche, created by Ava Labs, is a high-performance distributed ledger technology that aims to be “the fastest, most reliable smart contracts platform in the world.” AWS is the… Read More

January 11, 2023 @ 3:55 pm By JD Alois  |  

Congressman Patrick McHenry, the incoming Chair of the powerful House Financial Services Committee, has announced the Republican members of the Committee for the 118th Congress. McHenry issued the following statement on the Committee members: “I’m proud to welcome all of our new and returning members… Read More