May 4, 2022 @ 10:32 pm By Omar Faridi  |  

Kard, the rewards-as-a-service API that connects modern card issuers to the brands their cardholders really love, recently announced that it has secured $23 million via a Series A round led by Tiger Global. Also participating in the investment round are Fin Capital, s12f, and existing… Read More

May 4, 2022 @ 10:29 pm By JD Alois  |  

This past March, Chairman Gary Gensler announced the Securities and Exchange Commission was aiming to require disclosure on climate impact for registered firms. The Fact Sheet may be viewed here. Climate-related information would be required in firms’ registration statements and annual reports, including information about… Read More

May 4, 2022 @ 5:35 pm By JD Alois  |  

Masa Finance, described as a “first of its kind” credit protocol that “bridges the gap between CeFi and DeFi,” has raised a $3.5 million pre-seed round. The funding was backed by Unshackled Ventures, executives from GoldenTree Asset Management, Flori Ventures, GSR, Decentranet, Intersect VC, Lateral… Read More

May 4, 2022 @ 4:54 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has announced charges and a court-ordered asset freeze against two individuals who allegedly generated over $12 million by engaging in a ploy to “deceptively obtain stock pick information” from Motley Fool subscription services before it was disseminated to its… Read More

May 4, 2022 @ 3:34 pm By JD Alois  |  

As was widely anticipated, the Federal Reserve raised its benchmark rate by 50 basis points. Simultaneously, the Fed said it would be significantly reduce its balance sheet as it battles fast-rising inflation. The increase was the largest increase since 2000. In the Federal Open Market… Read More

May 4, 2022 @ 3:18 pm By JD Alois  |  

Two of the most successful investment crowdfunding platforms, Wefunder and StartEngine, have been hit with penalties by FINRA. According to a statement by FINRA, Wefunder has been assessed with a $1.4 million fine and StartEngine must pay $350,000 in regards to failing to comply with… Read More

May 4, 2022 @ 12:34 pm By JD Alois  |  

NowRX, a pharmaceutical delivery service and digital health platform, has now topped $20 million on SeedInvest – making it the biggest raise on the securities crowdfunding platform to date. As has been previously reported, NowRX is offering preferred equity at a pre-money valuation of $275… Read More

May 4, 2022 @ 10:53 am By JD Alois  |  

Meshwap, decentralized exchange (DEX), has launched on Polygon reporting one million-plus users accessing its DeFi ecosystem. Polygon is a platform for Ethereum scaling and infrastructure development claiming 7000+ applications hosted, over 3.4 billion total transactions processed, and about 135M+ unique user addresses. Meshswap is an… Read More

May 4, 2022 @ 10:35 am By JD Alois  |  

EstateGuru, a European investment platform providing access to short-term property-backed loans, has returned to Seedrs once again to raise additional growth capital. According to the offering page, EstateGuru has cruised past its €500,000 initial target, having raised almost €1.2 million as of this writing. EstateGuru… Read More

May 4, 2022 @ 10:08 am By JD Alois  |  

LGT Bank, based in Liechtenstein, has enlisted the assistance of SEBA Bank to provide digital asset trading and custody for Bitcoin and Ethereum. LGT stated in a release, that additional cryptocurrencies will be added going forward, contingent upon client demand. SEBA Bank, based in Switzerland,… Read More

May 4, 2022 @ 9:41 am By JD Alois  |  

Zilch, a UK-based buy now, pay later (BNPL) credit provider, has joined the US-based Financial Technology Association (FTA) in advance of an expansion into the US. According to a note from the FTA, the advocacy group now has 20 Fintechs as members from diverse sectors… Read More

May 4, 2022 @ 9:15 am By JD Alois  |  

Zopa’s “Smart Saver” savings account feature has topped £115 million in 65 days, according to a note from the Fintech. Currently, savers earn 1.455% interest (AER) on these accounts. Zopa’s goal is to create a £225 billion “zombie money” sitting idle in UK current accounts… Read More

May 4, 2022 @ 8:27 am By Omar Faridi  |  

Kevin., a Lithuania -headquartered account-to-account payments Fintech, has acquired $65 million via a Series A round that has been led by Accel. Eurazeo, OTB Ventures, Speedinvest, OpenOcean, Global Paytech Ventures, and a host of angels joined the company’s latest investment round, which has come only… Read More

May 4, 2022 @ 8:25 am By Omar Faridi  |  

Atom Bank is reportedly expanding Portal, which is their next-gen broker gateway- in order to include their Quick Quote tool. As noted in the update, this addition will enable brokers providing secured business loans to self-assess and create an indicative quote within the portal before… Read More

May 4, 2022 @ 8:22 am By Omar Faridi  |  

Leumi ABL, the Asset-Based Lending (ABL) subsidiary of Bank Leumi UK, has introduced a new operating platform on HPD Lendscape’s secured lending tech, in order to transform their invoice discounting and asset-based lending business in the United Kingdom. Lendscape was chosen to support the initiative,… Read More

May 4, 2022 @ 6:33 am By Omar Faridi  |  

Nova Credit, the Fintech unlocking opportunities for “mainstream” and credit excluded consumers and the companies looking to serve them, has launched its latest product, Cash Atlas – “a first-party cash flow underwriting solution that transforms bank transaction data into a Fair Credit Reporting Act (FCRA) consumer… Read More

May 4, 2022 @ 1:03 am By Omar Faridi  |  

Australia-based Hay Group is introducing Shaype in order to redefine what may be possible in financial innovation, Fintech and embedded financial experiences. Since introducing the Hay as a Service (HaaS) product offering back in 2020, the professional team and the platform’s capabilities have reportedly grown… Read More

May 3, 2022 @ 11:37 pm By Omar Faridi  |  

Thousands of financial institutions will be able to “simplify” and “accelerate” the enablement of real-time payments for consumers and businesses as the result of a collaboration between The Clearing House and Fiserv, Inc. (NASDAQ: FISV), an international provider of financial services technology solutions. Fiserv financial… Read More

May 3, 2022 @ 10:54 pm By Omar Faridi  |  

Netbank has reportedly entered a partnership with V5 Pay Philippines in order to enable its partner merchants, from micro, small, medium enterprise (SMEs) and large corporations, “with a more seamless and secured payment experience.” The roll-out of these schemes will “allow the V5 Pay platform… Read More

May 3, 2022 @ 10:02 pm By Omar Faridi  |  

Open Financial Technologies has reportedly acquired $50 million in capital via a Series D funding round that was led by IIFL Finance. Existing investors Tiger Global, Temasek and 3one4 Capital have also made contributions to  Open Financial Technologies latest investment round. Neobanking platform Open Financial… Read More