March 16, 2022 @ 7:44 am By Omar Faridi  |  

Trulioo announced that it now provides coverage in Greece and Israel via Trulioo GlobalGateway, the global identity verification platform. With GlobalGateway, organizations operating in these two nations may now “perform identity checks on consumers that support regional Know Your Customer (KYC) and Anti-Money Laundering (AML)… Read More

March 16, 2022 @ 4:26 am By Tony Zerucha  |  

Paerpay, a contactless payment solution for restaurants, today announced that it has closed $3 million in seed funding led by MassMutual through the MM Catalyst Fund (MMCF). They were also joined by Elevate Capital, MassVentures, Techstars, The Fund, Gaingels, and Chingona Ventures. This funding round… Read More

March 16, 2022 @ 2:25 am By Tony Zerucha  |  

Insurance technology platform Socotra today announced the closing of a $50 million Series C funding round led by Insight Partners. Existing investors 8VC, Portage Ventures, Brewer Lane, MS&AD Ventures, and Nationwide Ventures also participated in this round, bringing total funds raised to date to $96 million…. Read More

March 16, 2022 @ 1:22 am By Tony Zerucha  |  

Snappt, a property technology company offering fraud detection for property managers, today announced it has secured $100 million in Series A funding, led by New York-based global private equity and venture capital firm Insight Partners. The new investment will be used to accelerate product development,… Read More

March 16, 2022 @ 1:17 am By Omar Faridi  |  

Konvi, which claims to be first pan-European Crowd-Investment Platform for alternative asset classes, is confirming its $900,000 pre-seed round. Investors reportedly include APX and “value-adding” angel investors including former executives from tech giants like Snap Inc and Shopify. Konvi’s management noted that they are on… Read More

March 15, 2022 @ 11:07 pm By Omar Faridi  |  

Eizper Chain, the blockchain action-based multiplayer ARPG, has reportedly acquired $2 million in capital via a seed round and private NFT sale. Overall demand for exposure to this blockchain project – the first game in the Eizper gaming franchise – is “accelerating,” according to a… Read More

March 15, 2022 @ 10:42 pm By Omar Faridi  |  

Affirm Holdings, Inc. (NASDAQ: AFRM), the payment network that empowers consumers and “helps merchants drive growth,” provided an update (on March 14, 2022) on its business performance, “including its current funding capacity and availability, and raised the Company’s third quarter and full-year fiscal 2022 financial… Read More

March 15, 2022 @ 10:30 pm By Omar Faridi  |  

CQG, an international provider of “high-performance” tech solutions for traders, brokers, commercial hedgers and exchanges, announced the “phased roll-out” of its latest trading platform, CQG One. Developed specifically for professional traders and institutional investors, the Cloud-powered CQG One brings together “the ease of use of… Read More

March 15, 2022 @ 10:20 pm By Omar Faridi  |  

Kaddex, the “first gas-free DEX” (decentralized exchange) built on the Kadena blockchain, has finalized a second sale “completing a total of $8M raised pre-launch.” As confirmed in an update shared with CI, “100% of KDX available in the second round was sold.” The second public… Read More

March 15, 2022 @ 10:17 pm By Tony Zerucha  |  

Rutter, a Fintech building a universal commerce API, or “Plaid for Commerce” has raised a $27M Series A financing round led by a16z. This round also includes participation from new and existing investors including Comma Capital, Basis Set Ventures, Haystack, Mischief Capital, The Chainsmokers and… Read More

March 15, 2022 @ 6:14 pm By Omar Faridi  |  

SCB 10X, a holding company under the Siam Commercial Bank (SCB) Group (BKK: SCB), recently revealed that it would be tapping into the Metaverse. As mentioned in the update, SCB 10X will be introducing its first headquarters in The Sandbox. SCB 10X has also reportedly… Read More

March 15, 2022 @ 4:18 pm By Tony Zerucha  |  

Zitti, a payment and credit platform built for food industry management and vendors announced its launch today. The company raised an initial $4 million to grow the team and expand the capabilities of its proprietary technology. Founders Dante DiCicco (early Snap executive and restaurant owner) and Erek Benz (co-founder of CREXi and other marketplace platforms)… Read More

March 15, 2022 @ 4:12 pm By Omar Faridi  |  

Building on its established history of innovation in cash management, Citi’s Treasury and Trade Solutions recently announced the launch of a solution to enable institutional customers (Corporate, Public Sector, and Financial Institution) with U.S. accounts to “sweep cash into demand deposit accounts at participating U.S…. Read More

March 15, 2022 @ 4:07 pm By Omar Faridi  |  

Huobi Research Institute, the blockchain research organization, recently shared a detailed report on Ethereum rollup solutions, titled “How Far is Rollup from Maturity: A Dive into Rollup’s Development Path.” In the extensive report, Huobi Research Institute analyst Barry Jiang points out some of the “drawbacks”… Read More

March 15, 2022 @ 4:00 pm By JD Alois  |  

OurCrowd has been an active Foodtech investor for years now. Before Beyond Meat went public, OurCrowd was serving the plant-based meat alternative at its annual global investor event. Of course, Beyond Meat eventually IPOed on the Nasdaq providing an exit for early investors. Currently, OurCrowd… Read More

March 15, 2022 @ 3:30 pm By JD Alois  |  

Following questions regarding sufficient support in the US Senate, Sarah Bloom Raskin has decided to pull her name for consideration as a Federal Reserve Board Member. Yesterday, Senator Joe Manchin indicated he would not vote to confirm her nomination – potentially leaving the Senate without… Read More

March 15, 2022 @ 3:06 pm By Omar Faridi  |  

UK-based ThinCats, the alternative finance provider to SMEs, has reportedly appointed Billy Ferguson to serve as the firm’s CTO. Ferguson brings considerable professional experience within the IT industry, having previously served in key roles at Aldermore Bank, Allianz Insurance as well as Prudential. Ferguson will… Read More

March 15, 2022 @ 11:56 am By JD Alois  |  

SEC Commissioner Allison Herren Lee has announced her pending departure from the Commission. According to a statement, Lee’s term expires this June and she has decided to exit the top US securities regulator at that time. Commissioner Lee issued the following statement: “My term as… Read More

March 15, 2022 @ 11:38 am By JD Alois  |  

The unprovoked invasion by Russia attacking Ukraine has impacted global markets driving risk higher and causing extreme volatility in all markets. The war has also impacted online investing – crowdfunding – according to Crowdfund Capital Advisors (CCA). CCA co-founder Sherwood “Woodie” Neiss tweeted today that… Read More

March 15, 2022 @ 11:29 am By JD Alois  |  

Consensys has announced a Series D funding round that values the firm at over $7 billion – more than double its Series C round last November. According to a statement by Consensys, the firm raised $450 million in a round led by ParaFi Capital joined… Read More