June 22, 2022 @ 1:42 pm By Omar Faridi  |  

Intercontinental Exchange, Inc. (NYSE: ICE), a global provider of data, technology and market infrastructure, recently announced the launch of a suite of corporate bond climate indices “designed to capture the goal of achieving net zero carbon emissions by 2050.” The indices are part of the… Read More

June 22, 2022 @ 11:26 am By JD Alois  |  

JP Morgan (NYSE:JPM), is slashing jobs in its mortgage business as the economy slows and demand for mortgages slows, according to a report by Bloomberg. JP Morgan is an enormous financial services firms with $4 trillion in assets and a significant home lender. The report… Read More

June 22, 2022 @ 11:06 am By Omar Faridi  |  

Anchorage Digital is pleased to announce early access to programmatic transfers for protocols, “unlocking new efficiencies in treasury management.” Anchorage Digital‘s external transfer API, the “first” from a federally chartered crypto bank, “reduces overhead and manual approvals of payment requests by enabling automated and high-volume… Read More

June 22, 2022 @ 11:04 am By Omar Faridi  |  

From this month onwards, clients of The Cumberland will find it a lot easier to monitor their carbon spend with a tool used to measure and reduce their carbon footprints. The building society’s 70,000 current account customers are now being encouraged to download the Cogo… Read More

June 22, 2022 @ 10:52 am By JD Alois  |  

Eurocrowd, the leading association representing the investment crowdfunding industry in Europe, has announced a survey to garner information as to the status of their members in the approval process under pan-European crowdfunding rules. Last November, the European Union revealed crowdfunding regulations to enable raising capital… Read More

June 22, 2022 @ 10:38 am By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) will review credit card companies and their penalty policies like fees assessed for late payments. The CFPB reports that credit card companies generate $12 billion in revenue each year from these fees. More than 175 million citizens hold credit… Read More

June 22, 2022 @ 10:27 am By Omar Faridi  |  

FIA Tech, which claims to be the leading tech provider to the exchange-traded derivative industry, announced that Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, infrastructure and data solutions, has joined the FIA Tech Databank Network. Databank Network is FIA… Read More

June 22, 2022 @ 9:58 am By JD Alois  |  

Playter, a buy now – pay later (BNPL) provider, has raised $55 million in both debt and equity. Playter did not disclose the split between equity and debt capital. Playter recently raised $1.7 million in seed funding to boost its services in the UK along… Read More

June 22, 2022 @ 9:38 am By Omar Faridi  |  

Nuula, a Fintech focused on providing small businesses the tools and the capital they need to succeed, announced a new personal loan search feature that “allows small business owners and entrepreneurs that are smaller or earlier stage to search 30+ top lenders for personal loan… Read More

June 22, 2022 @ 9:35 am By JD Alois  |  

Insurtech Ledger Investing has raised $75 million in Series B funding in a round led by Westcap. Additional investors include Teachers’ Venture Growth and Intact Ventures, and previous investors: SignalFire, MassMutual Ventures, Allegis Capital, and Accel. Ledger Investing is a marketplace for investor and insurance… Read More

June 22, 2022 @ 9:27 am By JD Alois  |  

Kiavi, an online lending platform serving real estate investors, has announced the securitization of $218 million in unrated residential transition loans (RTLs). Nomura Securities International was the sole structuring agent of this securitization with Nomura, Barclays Capital and Performance Trust Capital Partners, joint book-runners and… Read More

June 22, 2022 @ 9:18 am By JD Alois  |  

Nium has partnered with the Stellar Development Foundation (SDF), a non-profit that supports the growth of public blockchain Stellar, to enable payouts to 190 countries. According to Nium by leveraging Stellar the payments and transfers improve upon the traditional correspondent banking system. Joaquin Auyso, Head… Read More

June 22, 2022 @ 9:10 am By JD Alois  |  

Bitbond, the first firm to issue a security token in Germany approved by regulators, has announced a new feature to its tokenization tool that incorporates a “crowdsale feature.’ Announced earlier this year, the publicly available service may be utilized to create tokens on Ethereum, Polygon,… Read More

June 22, 2022 @ 8:01 am By Omar Faridi  |  

UK’s AI-enhanced personal finance chatbot Cleo has achieved a $500 million valuation following an $80 million round, according to an update shared by Sky News. The investment round, which has been announced around 18 months after a $44 million fundraise by Cleo, was joined by… Read More

June 22, 2022 @ 7:59 am By Omar Faridi  |  

SEB reveals that it’s entering into a strategic cooperation with tech firm Leneo, acquiring a part ownership stake through SEB Venture Capital. The company has “developed a platform that helps companies to switch to new business models, where instead of selling products they sell a… Read More

June 22, 2022 @ 2:00 am By JD Alois  |  

The British Business Bank has shared the results of its annual Small Business Equity Tracker and the numbers for 2021 appear pretty strong. The Equity Tracker uses data from Beauhurst on publicly announced equity deals into UK SMEs. According to the Bank, equity investments in… Read More

June 22, 2022 @ 1:15 am By Omar Faridi  |  

Formance, a French Fintech firm that provides businesses with a low-code template for tracking payment flows in real-time, has secured $3.1 million in capital from Hoxton Ventures, Frst, Y Combinator and several business angels. Established last year by Clément Salaün and Anne-Sybille Pradelles, Fomance provides… Read More

June 21, 2022 @ 11:56 pm By JD Alois  |  

FTX, a leading global crypto exchange, has provided BlockFi with a $250 million revolving credit line to backstop the firm during a broad decline in crypto markets. In a series of tweets, BlockFi founder and CEO Zac Prince revealed the funding that will stabilize the… Read More

June 21, 2022 @ 11:29 pm By Omar Faridi  |  

West Realm Shires Inc. (FTX US) recently announced the acquisition of Embed Financial Technologies Inc., including its wholly-owned subsidiary Embed Clearing LLC, a FINRA, DTC, NSCC, Nasdaq, and IEX member clearing firm. Embed specializes in “providing whitelabel brokerage services and APIs to broker-dealers and registered… Read More

June 21, 2022 @ 11:11 pm By Omar Faridi  |  

Secondary Market activity on Bondora increased for the first time since March 2022, “marking a turn in the tide.” It grew by 21.5% to €182,665 transacted. Manual transactions “remain the strongest category.” In May, all the categories increased, the team at Bondora noted. Portfolio Manager… Read More