July 20, 2022 @ 12:57 am By Omar Faridi  |  

Lumio, which is focused on building a “hyper-personalized” finance app for people to grow their money on autopilot, has secured 155% (£311,594) of its £200,000 target via Crowdcube from 457 investors (at the time of writing) with 7 days left in the sale. Lumio reports… Read More

July 19, 2022 @ 11:17 pm By Omar Faridi  |  

Zimpler, which claims to be a leading Fintech company born in Sweden, recently announced that it has gone live in Norway. Following Sweden, Finland, Germany, Estonia, The Netherlands, Latvia and Lithuania, Norway becomes the eighth market “to offer Zimpler’s account-to-account payments solutions.” The first merchant… Read More

July 19, 2022 @ 11:00 pm By Omar Faridi  |  

Stori, a “rapidly growing” fintech company offering credit card products to Mexico’s underserved population, recently announced its latest round of financing of $150 million, which “values the company at $1.2 billion.” As a result of this latest investment round, Stori now “joins a select group… Read More

July 19, 2022 @ 10:54 pm By Omar Faridi  |  

The UK Government is currently dealing with a political crisis with over 50 parliament members resigned from the government “in protest” of Prime Minister Boris Johnson’s leadership, the Robo.cash team recently noted. Many events, like the Chris Pincher affair, raising taxes amid inflation, the “partygate”… Read More

July 19, 2022 @ 10:27 pm By Omar Faridi  |  

Meow, the compliant crypto yield offering for corporate treasuries, recently announced it has closed on $22 million in Series A financing. The investment round was “led by Tiger Global, with participation from QED Investors, leading cryptocurrency exchange FTX, and others, and will be used to… Read More

July 19, 2022 @ 9:54 pm By Omar Faridi  |  

Apiture, which claims to be a “leading” provider of digital banking solutions, announced the closing of a $29 million fundraising round which was led by Live Oak Bank, with participation from other existing investors. The latest investment round “brings the total funding raised by Apiture… Read More

July 19, 2022 @ 9:51 pm By Omar Faridi  |  

Paystand, which claims to be the leader in blockchain-enabled B2B payments, introduced the “world’s first” dynamic discounting application “designed for seller accounts receivable (AR) teams and powered by Ethereum smart contracts.” This is the first solution “to enable seller AR teams to offer buyer accounts… Read More

July 19, 2022 @ 6:22 pm By JD Alois  |  

MX, an open banking or open finance platform, has announced a new method for account verification called MXapi Processor Tokens. According to a company statement, MX now offers an API data exchange that is simple and secure to validate users and transactions. The tokens are… Read More

July 19, 2022 @ 6:05 pm By JD Alois  |  

Connecticut Green Bank has launched its 3rd Green Liberty Notes on its FINRA-regulated funding portal Raise Green. Previously, two other offerings have been successfully funded. The one-year debt note aims to raise up to $250,000 from individual investors with a minimum of $100 holding a… Read More

July 19, 2022 @ 5:53 pm By JD Alois  |  

Starling Bank, a leading digital-only bank in the UK, has abandoned its pursuit of a banking license in Ireland and altered its  European expansion plans. The revelation was first reported by SkyNews that disclosed Starling might alternatively purchase a European bank instead of acquiring a de… Read More

July 19, 2022 @ 5:24 pm By JD Alois  |  

ZEBEDEE has closed on a $35 million Series B funding round, according to a company statement. The funding was led by Kingsway Capital and merchant bank The Raine Group as well as video-game giant Square Enix. Existing investors participating include Lakestar and Initial Capital. ZEBEDEE… Read More

July 19, 2022 @ 4:18 pm By Omar Faridi  |  

D-Wave Systems Inc., which claims to be a leader in quantum computing systems, software, and services, and the “only” company building both quantum annealing and gate-based quantum computers, and Mastercard (NYSE: MA) announced a multi-year strategic alliance “to champion the acceleration and adoption of quantum… Read More

July 19, 2022 @ 2:26 pm By Omar Faridi  |  

Prosper recently shared their performance data from the Prosper Portfolio for June 2022. Highlights from the Prosper Performance Update – June 2022 are as follows: In June, approximately 57% of loan originations “were rated AA-B, remaining stable month-over-month.” The average loan size in June “decreased… Read More

July 19, 2022 @ 2:24 pm By Omar Faridi  |  

X1 Card, the “smartest” credit card “ever made,” recently announced $25 million in Series B funding and will be “opening applications to the general public in the U.S. in the coming weeks.” The investment round has been “led by FPV Ventures, the new venture firm… Read More

July 19, 2022 @ 11:15 am By Omar Faridi  |  

After its first monthly operating profit in Q1 FY22, Atom Bank has “delivered three further consecutive quarters of operating profit.” Underlying operating loss “narrowed to £2m – a £34m improvement over the previous year.” Income grew “by over 200%, with costs increasing by just 6%,… Read More

July 19, 2022 @ 11:13 am By JD Alois  |  

Mike Novogratz, founder of Galaxy Digital Holdings, billionaire, and crypto bull, says he got it wrong about the crypto industry as several firms have collapsed and digital asset valuations have tanked. Novogratz was also a big supporter of TerraUSD/LUNA – the failed algorithmic stablecoin concoction…. Read More

July 19, 2022 @ 10:52 am By JD Alois  |  

The European Commission has extended the deadline for compliance with the relatively new European Crowdfunding Service Provider Regulation (ECSPR). Last November, the European Union enacted harmonized regulations for investment crowdfunding platforms and offerings. Under the rules, issuers could raise up to €5 million across all… Read More

July 19, 2022 @ 9:30 am By JD Alois  |  

Skybridge Capital, an investment firm founded by Anthony Scaramucci, has halted redemptions on its Legion Fund. First reported by Bloomberg, the Legion Fund holds crypto assets as well as investments in private firms like FTX. The fund is said to be pausing withdrawals as private… Read More

July 19, 2022 @ 9:06 am By JD Alois  |  

Three Arrows Capital (3AC) is shouldering part of the blame for the crypto contagion that has wreaked havoc on digital asset markets. The crypto hedge fund stumbled, and then imploded when crypto valuations rapidly declined – most dramatically represented by the collapse of TerraUSD/LUNA, an… Read More

July 19, 2022 @ 8:12 am By Omar Faridi  |  

The team at Mintos has shared their latest Insight report, which is their monthly publication that summarizes what’s been happening on their platform, including wider market updates, educational topics, and other pertinent information. During the last 6 months, the dynamics of the investment market “have… Read More