May 29, 2022 @ 2:28 pm By Omar Faridi  |  

The team at Mintos notes that they are pleased to confirm that the first Notes are now available on the platform. According to Mintos, here’s what you should know about the arrival of the new financial instruments on the platform. Key takeaways shared by Mintos:… Read More

May 28, 2022 @ 10:45 pm By Omar Faridi  |  

Even though Bondora‘s cash recoveries declined in April 2022, the number of recovered loans increased considerably. Across all countries, recovered missed payments “increased by 2.3% to 79,281.” This means they have “a new record for the most missed payments recovered.” In March, Bondora claims it… Read More

May 28, 2022 @ 9:26 pm By Omar Faridi  |  

European lender EstateGuru reports that €14,7M worth of loans were financed during April of 2022. New loans in Estonia “contributed nearly 50% of the volume, followed by Germany and Latvia.” During the past month, EstateGuru reports it has “seen a rise in investor activity and… Read More

May 28, 2022 @ 7:37 pm By Omar Faridi  |  

The team at Prosper recently shared their performance data from the Prosper Portfolio for April 2022. Highlights from the Prosper Performance Update – April 2022 are as follows: In April, approximately 56% of loan originations “were rated AA- B, remaining stable month-over-month.” Average loan size in… Read More

May 28, 2022 @ 7:10 pm By Omar Faridi  |  

LevelField Financial, the U.S. financial services firm uniting digital assets and traditional banking services in one “trusted” platform, has selected METACO, the provider of digital asset custody orchestration technology “to complex, global financial institutions.” LevelField is deploying its institutional digital asset management operations on IBM… Read More

May 28, 2022 @ 7:07 pm By JD Alois  |  

Anubi Digital, is the first or one of the first Italian digital asset custodians to gain approval and be registered with the Italian OAM (Organismo degli Agenti e Mediatori Finanziari (Organization of Financial Agents and Brokers)). The new rules only recently came to be and… Read More

May 28, 2022 @ 6:26 pm By Omar Faridi  |  

Tether Operations Limited, the company operating the blockchain-enabled platform tether.to that “powers the largest stablecoin by market capitalization of over US $73 billion,” has launched Tether tokens (USDt) on Polygon (formerly MATIC), “a leading blockchain development platform.” The addition of Tether to the Polygon ecosystem… Read More

May 28, 2022 @ 3:07 pm By JD Alois  |  

SeedInvest has organized a Community Pitch Competition to take place next week on June 1st. The first event of its kind, early stage ventures will compete for $40,000 in funding as well as other rewards. The registration is open to any investors and the presentation… Read More

May 28, 2022 @ 2:58 pm By Omar Faridi  |  

Capital provider Bloom Group S.A. has secured £300 million in capital via a round led by Credo Capital Partners and funds managed by Fortress Investment Group LLC (Fortress), making the company “the highest-funded revenue-based lending business in Europe.” It will drive the company’s ambition “to… Read More

May 28, 2022 @ 2:38 pm By JD Alois  |  

Seedrs, one of the largest securities crowdfunding platforms in the world, has launched a Dutch facing section of its website as it positions itself to benefit from pan-European investment crowdfunding rules. New rules were issued by the European Union in November of 2021. Currently, many… Read More

May 28, 2022 @ 1:56 pm By Omar Faridi  |  

Israeli blockchain firm StarkWare, which offers a cryptographic compression service, has managed to quadruple its latest valuation during just the past six months. Starkware confirmed that it finalized a $100 million Series D round that had been led by Greenoaks Capital as well as Coatue,… Read More

May 28, 2022 @ 1:54 pm By Omar Faridi  |  

MetaMask, ConsenSys’ self-custody wallet, has announced a partnership with Asset Reality, an end-to-end solution “for recovering, managing, and accessing seized crypto and complex assets.” Over the last few years, economic activity on web3 has “grown exponentially,” according to an update shared with CI. While this… Read More

May 28, 2022 @ 1:52 pm By Omar Faridi  |  

Stable, the ‘home of hedging’ for the $5 trillion agricultural commodity industry, recently revealed that it has finalized a $60 million Series B. The investment round has reportedly been led by Acrew along with key investors Greycroft, Notion Capital, Syngenta and Continental Grain Company also… Read More

May 28, 2022 @ 1:51 pm By Omar Faridi  |  

Bit.com, a digital currency exchange with up to 50X leverage on perpetual futures, is pleased to announce that it now supports the depositing and withdrawal of TONCOIN, “the native token of the TON Protocol, on its native blockchain, and will introduce a 200% APY on… Read More

May 27, 2022 @ 6:44 pm By Omar Faridi  |  

  SWIFT, in collaboration with Capgemini, is conducting new experiments to test how we can interlink domestic CBDCs and “take the next step towards seamless cross-border payments involving digital currencies.” Interest in Central Bank Digital Currencies (CBDCs) is “on the rise.” A report from the… Read More

May 27, 2022 @ 6:41 pm By Omar Faridi  |  

Mastercard (NYSE: MA), a tech leader in the international payments sector, has announced a strategic partnership Saudi Arabia-based HyperPay, which claims to be the fastest growing e-commerce payments services provider in the MENA region, in order to drive the adoption of digital payment solutions across… Read More

May 27, 2022 @ 6:33 pm By JD Alois  |  

Reg A+ is one of three exemptions created under the JOBS Act of 2012 that legalized online capital formation or securities crowdfunding. Reg CF (Regulation Crowdfunding) initially allowed issuers to raise just $1.07 million (now $5 million), while Reg A+ allowed firms to raise up… Read More

May 27, 2022 @ 4:33 pm By JD Alois  |  

SEC Commissioner Hester Peirce and CFTC Commissioner Caroline Pham have partnered on an Op-Ed published this week in the Hill calling for progress on the regulation of decentralization. Alluding to possible friction between the two agencies as regulators jostle as to which sector of crypto… Read More

May 27, 2022 @ 4:09 pm By JD Alois  |  

Nemesis Technologies, a global venture capital fund, has enlisted the assistance of Securitize to tokenize a $500 million venture fund. Nemesis is based in Japan. Securitize is both a primary issuance platform and secondary trading market powering the future of digital securities. While based in… Read More

May 27, 2022 @ 3:48 pm By Omar Faridi  |  

Jetty, the financial services company on a mission to make renting a home more affordable and flexible, has announced an investment from PayPal Ventures and Experian Ventures. The new funding will “enable Jetty to accelerate the growth of its existing suite of products and invest… Read More