April 12, 2022 @ 10:00 pm By JD Alois  |  

As has been previously reported, the European Union has approved pan-European securities crowdfunding or European Crowdfunding Service Providers Regulation (ECSPR). This means that issuers may solicit investors across all 28 EU member states. The new regulation enables early-stage firms to raise up to €5 million. Previously,… Read More

April 12, 2022 @ 9:53 pm By JD Alois  |  

Circle, the second largest stablecoin issuer in the world (USDC), has raised more money. The $400 million investment was backed by BlackRock,  Fidelity Management and Research, Marshall Wace LLP, and Fin Capital. Circle said in a public statement that the round would close in Q2…. Read More

April 12, 2022 @ 9:16 pm By Omar Faridi  |  

Lean, the financial benefits platform designed for the independent workforce, has announced its partnership with Bay Area taxi platform, Flywheel. Via this partnership, Flywheel taxi drivers will have “access to Lean’s financial benefits for its fleet of drivers, including no-fee instant payouts and access to… Read More

April 12, 2022 @ 9:08 pm By Omar Faridi  |  

Kayamo is teaming up with Netbank, a fully-regulated bank that provides Banking-As-A-Service solutions through open APIs, to improve the way they release loan payouts and collect loan repayments–”overall, to provide a better user experience for their end-customers.” Prior to this partnership, Kayamo needed “to complete… Read More

April 12, 2022 @ 7:17 pm By Omar Faridi  |  

Epic Games has announced a $2 billion round of funding to advance the firm’s vision “to build the Metaverse and support its continued growth.” This massive investment round includes contributions from existing investor Sony Group Corporation and KIRKBI, the family-owned holding and investment firm behind… Read More

April 12, 2022 @ 6:56 pm By Omar Faridi  |  

Southeast Asia’s digital wealth management platform StashAway recently revealed that John Tsang Chun-wah, Hong Kong’s former Financial Secretary, has officially joined StashAway’s advisory committee. Tsang was reportedly the longest-serving Financial Secretary as he had occupied the position from 2007 until 2017. As mentioned in the… Read More

April 12, 2022 @ 5:17 pm By Omar Faridi  |  

According to a Nasdaq survey of 500 financial advisors who are “currently or considering allocating to crypto,” 72% of advisors would be “more likely to invest client assets in crypto if a spot ETF product were offered in the United States.” Among advisors already investing… Read More

April 12, 2022 @ 5:16 pm By Omar Faridi  |  

bloXroute, which claims to be the provider of the “first” and “fastest” blockchain distribution network (BDN) that helps DeFi traders on Ethereum, Polygon and BSC, has completed a $70 million Series B funding campaign “led by SoftBank Vision Fund 2 with participation from Blindspot, Dragonfly,… Read More

April 12, 2022 @ 4:19 pm By Omar Faridi  |  

St. Petersburg’s fast-evolving Fintech sector continues to expand as Tampa Bay Wave and the University of South Florida have confirmed the inaugural cohort of startups for its Fintech|X Accelerator program. Announced on April 11, 2022, the accelerator’s first cohort includes 16 Fintechs from across the… Read More

April 12, 2022 @ 4:11 pm By Omar Faridi  |  

All FDIC-supervised institutions that plan to engage in, or that are presently engaged in, any activities involving or related to crypto-assets are now required to inform the FDIC. FDIC-supervised institutions are “requested to provide information described in this letter.” The FDIC confirmed that it would… Read More

April 12, 2022 @ 4:09 pm By Omar Faridi  |  

A partnership has been formed between Visa Fintech Partner Connect program members ecolytiq and Snowdrop Solutions. This partnership should enable the climate engagement provider ecolytiq with access to Snowdrop’s precise categorization and location of banking transfers, including retailer logos, ESG (Environmental, Social, Governance) ratings, directions… Read More

April 12, 2022 @ 2:29 pm By Tony Zerucha  |  

Tokens.com, a publicly-traded company that invests in Web3 crypto assets and businesses linked to the Metaverse and NFTs, announced this week that its subsidiary, Metaverse Group, has purchased the Music District in Decentraland, as a joint venture with 13th Floor Ventures, an institutionally-backed investment fund focused on virtual… Read More

April 12, 2022 @ 11:58 am By Tony Zerucha  |  

Digital alternative investment platform Yieldstreet is now letting people invest in startups, the company announced today. The first companies include established startups Fetch Rewards and Flutterwave. The arrangement is made in partnership with venture capital investment firm Greycroft, which has more than $2 billion in… Read More

April 12, 2022 @ 11:53 am By Omar Faridi  |  

The venture divisions of virtual currency trading platforms Huobi and Kucoin are reportedly among the backers of a $250 million ecosystem fund to support initiatives launched on Toncoin, which is the re-launch of failed blockchain/DLT initiatve, TON. In addition to Huobi Incubator and Kucoin Ventures,… Read More

April 12, 2022 @ 10:31 am By JD Alois  |  

Why should you use a traditional bank over a Fintech – either a neobank (non-chartered financial service provider) or a digital bank (chartered). Good question. Old banks tend to have lots of physical locations and lots of employees that are expensive to keep on staff…. Read More

April 12, 2022 @ 9:56 am By JD Alois  |  

Incubated by Node.Capital, ​​Embed has raised $4.5 million in a seed investment co-led by North Island Ventures and Aleph, with participation from DCG, Distributed Global and Morningstar Ventures, according to the company. Embed is an aspiring decentralized marketing solution that connects brands, creators, collections, and… Read More

April 12, 2022 @ 9:36 am By JD Alois  |  

Biz2Credit’s Small Business Lending Index for March indicates that loan approval rates rose during the month at banks as well as some non-bank lenders. Loan approvals at larger banks ($10m + in assets) reportedly rose from 14.7% in February to 14.9% in March, and small… Read More

April 12, 2022 @ 9:25 am By JD Alois  |  

NFT Investments PLC (AQSE: NFT) announced in January that it had signed a non-binding letter of intent for the proposed acquisition of Pluto Digital PLC for a consideration of £96 million to be satisfied in NFT shares, subject to shareholder approval. Headquartered in London, NFT… Read More

April 12, 2022 @ 9:07 am By JD Alois  |  

Stenn, an SME financing platform based in the UK, has raised $50 million in equity at a $900 million valuation, according to the company. Stenn was founded in 2015 by Greg Karpovsky, who has more than 20 years’ experience in digital trade finance. Centerbridge, based… Read More

April 12, 2022 @ 8:50 am By Omar Faridi  |  

White Star Capital, a multi-stage tech venture capital investment platform that backs founders building interantional businesses, announced the initial close of its second Digital Asset Fund (DAF II). The fund, which will continue to invest in crypto-networks and early-stage blockchain or DLT-powered Web3 businesses, with… Read More