July 16, 2022 @ 12:35 pm By Omar Faridi  |  

Their signature color may be blue, but Seccl says it’s “going green” this month. They’re thrilled to be powering GreenGrowth Investments, a new sustainable investment platform “for people who care about the planet, and one of Europe’s Top Wealthtech Startups to Watch in 2022.” The… Read More

July 16, 2022 @ 12:06 pm By Omar Faridi  |  

Virgin Money, the high-street bank, is teaming up with Superscript, the Insurtech startup, in order to offer its business banking clients with customizable, flexible, subscription-based business insurance. Superscript will reportedly serve as the business insurance provider via Virgin Money’s online marketplace, where their business banking… Read More

July 16, 2022 @ 10:29 am By Omar Faridi  |  

CIBC Innovation Banking recently announced £40 million of growth financing for London-based Smart, a retirement tech provider. Smart will use the capital “to expand its market growth, accelerate the launch of strategic products, and undertake acquisitions.” Smart launched in 2015 with the goal of “making… Read More

July 16, 2022 @ 10:26 am By Omar Faridi  |  

LINE NEXT Inc., LINE’s venture dedicated to developing and expanding the global NFT ecosystem, announced that it has signed a strategic investment agreement “worth about $10 million with 10 companies.” As noted in an update shared with CI, SoftBank Corp., NAVER, NAVER WEBTOON, NAVER Z,… Read More

July 16, 2022 @ 10:25 am By Omar Faridi  |  

Genesis Vault Capital, a digital asset fund, is pleased to launch Genesis Venture Studio (GVS). The mission of GVS is “to help founders validate, launch, and scale Web3 companies structured as Decentralized Autonomous Organizations (DAOs).” DAOs are “a new type of entity that is collectively… Read More

July 15, 2022 @ 5:06 pm By Omar Faridi  |  

Moxo, which claims to be the industry’s “leading” client interaction workflow solution, has announced a partnership with Kasisto, creators of KAI, the financial services digital experience platform, “to offer digital assistant capabilities within Moxo’s OneStop Client Interaction Hub.” The integration will allow financial institutions “to… Read More

July 15, 2022 @ 4:59 pm By JD Alois  |  

Following its bankruptcy filing, digital asset trading platform Voyager Digital (OTCPink: VYGVQ), has delisted its shares from the Toronto Stock Exchange (TSX). Voyager last traded at CDN $0.335 a share down from over $26/share in the past year. Voyager went bankrupt following a large loan… Read More

July 15, 2022 @ 4:41 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has obtained final judgment on an initial coin offering (ICO) that involved John McAfee, the peripatetic software entrepreneur and blockchain advocate. McAfee died in a jail cell in Barcelona after being apprehended on tax evasion accusations. The claims against… Read More

July 15, 2022 @ 4:23 pm By JD Alois  |  

Stripe, a very popular payments platform and evolving Fintech, has taken a hit on its valuation, echoing other firms that have had to reduce values to raise money. According to WSJ.com, Stripe slashed its private per share price from $40 to $29 or $95 billion… Read More

July 15, 2022 @ 4:11 pm By JD Alois  |  

Avolta, a French boutique investment bank that is active in the venture space in Europe, has published a report on French tech funding reporting that Q2 2022 is the 3rd best quarter for funding ever. While certain markets are sagging, due to the rocky economy,… Read More

July 15, 2022 @ 2:59 pm By Omar Faridi  |  

Roxe, a blockchain infrastructure company that is powering the next generation of payments and digital commerce solutions, announced the launch of its Roxe Payment Protocol (RPP) USD/EUR, USD/GBP and USD/PHP (Philippine peso) liquidity pools, which is reportedly one of the first set of DeFi liquidity… Read More

July 15, 2022 @ 11:46 am By Omar Faridi  |  

ClearBank, the enabler of secure accounts, real-time clearing and embedded banking for financial institutions, announced that it has been selected by Kroo “to provide access to all UK payment schemes as well as accounts for its operational funds.” Kroo recently “secured a full UK banking… Read More

July 15, 2022 @ 11:43 am By JD Alois  |  

OpenSea has cut its employee headcount by 20%, according to a tweet by founder and CEO Devin Finzer. Approximately 50 employees are being let go. In the tweet, Finzer blamed the action on the ongoing “crypto-winter.” OpenSea is one of the largest NFT, or non-fungible token,… Read More

July 15, 2022 @ 11:26 am By Omar Faridi  |  

Lemonade (NYSE:LMND), the digital insurance company powered by social impact, announced that its 2022 Giveback for the twelve months ended June 30, 2022, “amounting to $1,873,588, to be donated across 59 nonprofit organizations chosen by its customers.” The Lemonade Giveback is “part of the company’s… Read More

July 15, 2022 @ 10:15 am By JD Alois  |  

  Mixer usage, platforms that enable crypto holders to scrub their digital assets in an attempt to cover their tracks, is at an all-time high, according to a report posted by Chainalysis. As most blockchain transactions are publicly available, sophisticated observers can trace every transaction…. Read More

July 15, 2022 @ 9:46 am By Omar Faridi  |  

TIFIN, a Fintech platform using artificial intelligence (AI) and investment-driven personalization to shape the future of investor experiences, announced its initial launch into international markets through the acquisition on SharingAlpha, a community of over 15,000 professional fund investors and analysts “located throughout the world, but… Read More

July 15, 2022 @ 9:14 am By JD Alois  |  

Earlier this year, FINTRAC announced that crowdfunding platforms, as well as certain payment providers, must now register with FINTRAC. FINTRAC is the Financial Transactions Reports Analysis Centre of Canada. It is the agency that seeks to detect, prevent, and deter nefarious activity such as money… Read More

July 15, 2022 @ 8:11 am By Omar Faridi  |  

Investment platform Lightyear has announced a $25M Series A equity round “led by Lightspeed Venture Partners.” The company’s seed investors, Mosaic Ventures, Taavet+Sten and Metaplanet also took part in the investment round “alongside a number of new and existing angel investors.” Joining Lightspeed in this… Read More

July 15, 2022 @ 8:09 am By Omar Faridi  |  

An increasing number of people – 16% of US adults – are using cryptocurrencies, such as Bitcoin and Ethereum, “through digital asset exchanges for investments, value exchange, asset tokenization, and more,” according to an update from Fintech Plaid. With crypto becoming mainstream, Plaid has “seen… Read More

July 15, 2022 @ 8:02 am By Omar Faridi  |  

Illuminate Financial, the “thesis-driven” venture capital investor dedicated to early-stage FinTech and enterprise software companies, recently announced a strategic relationship with Citi (NYSE: C). Citi joins existing investors Jefferies, J.P. Morgan, Deutsche Börse Group and S&P Global “as a limited partner in Illuminate Financial’s venture… Read More