December 20, 2021 @ 11:40 pm By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has fined HSBC Bank plc £63,946,800 for “failings in its anti-money laundering processes.” As noted in an update from the FCA, HSBC used automated processes to “monitor hundreds of millions of transactions a month to identify possible financial crime.”… Read More

December 20, 2021 @ 10:47 pm By Omar Faridi  |  

Avant, a financial technology firm that aims to give middle-income consumers access to the credit they “deserve,” has announced the official launch of Avant Banking. The launch of Avant Banking further expands the firm’s financial product portfolio of personal loans, credit cards and auto refinance…. Read More

December 20, 2021 @ 10:39 pm By JD Alois  |  

CHAI, a digital wallet and payment service provider including credit cards, e-wallets, and wire transfers, has raised $45 million in a Series B+ funding round led by SoftBank Ventures Asia (SBVA) and B Capital. Other investors participating in the round include KT Investment, Conductive Ventures,… Read More

December 20, 2021 @ 10:23 pm By JD Alois  |  

Open Banking Europe (OBE) reports that it has extended its memorandum of understanding (MOU) with the European Telecommunications Standards Institute (ETSI) for three more years. OBE provides standardised solutions while working with stakeholders to facilitate a greater understanding of open banking and enable collaboration between… Read More

December 20, 2021 @ 10:09 pm By Omar Faridi  |  

The team at Compass Mining writes in a blog post that it is noticeable that in every crypto bull market, there seems to be “a lot of new entrants.” As noted by Compass Mining, a frenzy takes place and people get really excited when they… Read More

December 20, 2021 @ 10:08 pm By Omar Faridi  |  

The team at Indian Fintech Razorpay notes that if you are running a business on Amazon (NASDAQ: AMZN), then you are probably well aware that effective cash flow can be vital to the scalability of your business. Whether your business is growing or just starting… Read More

December 20, 2021 @ 6:49 pm By Omar Faridi  |  

Go for gold investments, the team at Paytm (NSE: PAYTM) recommends. Paytm writes in a blog post that gold is a “sought-after asset, the world over.” The Fintech firm gives the example of an Olympian seeking out that “glistening gold medal.” Paytm adds that this… Read More

December 20, 2021 @ 3:23 pm By Omar Faridi  |  

European digital bank bunq has shared quick and safe ways to make contactless payments via their platform. According to bunq, gone are the days when you were required to carry physical payments cards with you everywhere, because now, most of the time, just your phone… Read More

December 20, 2021 @ 2:32 pm By Omar Faridi  |  

Croatian P2P lender Robo.cash has provided an update on payment dates for long-term loans issued via their platform. Starting from December 16, 2021 (inclusive), investors who have purchased long-term loans “for a period of 90 days and longer will be receiving monthly interest payments every… Read More

December 20, 2021 @ 11:48 am By Omar Faridi  |  

Bizongo has announced its latest fundraise of $110M via a Series D round that was led by New York-based Tiger Global Management. As mentioned in an update shared with Crowdfund Insider, the B2B e-commerce and supply chain enablement platform also launched India’s first IoT powered… Read More

December 20, 2021 @ 11:45 am By JD Alois  |  

Vstock Transfer, the SEC-registered transfer agent that is active in the private securities market, will open an office in Israel, according to a release. Vstock has serviced the securities crowdfunding market like Reg A+ offerings, as well as more traditional IPOs. Israel is one of… Read More

December 20, 2021 @ 11:37 am By Omar Faridi  |  

The NEO blockchain developers noted that they are focused on building on a commitment to support application developers who make meaningful contributions to the Neo blockchain ecosystem. As mentioned in a blog post, Neo has introduced three different grant programs into the Eco Support ecosystem…. Read More

December 20, 2021 @ 11:27 am By JD Alois  |  

Knightscope, the autonomous security robot firm, is returning to StartEngine to raise more money. The company’s first securities crowdfunding round was in 2017 on SeedInvest. First, Knighscope completed a seed round with a $4 million convertible and then followed with a Series A and Series… Read More

December 20, 2021 @ 10:47 am By JD Alois  |  

SEC Commissioner Elad Roisman has submitted his resignation to President Joe Biden indicating he will exit the Commission next month. Commissioner Roisman issued the following statement: “Today, I sent a letter to President Biden, informing him that I intend to resign my position by the… Read More

December 20, 2021 @ 10:37 am By JD Alois  |  

SingularityDAO, a spin-off of SingularityNET, has announced DynaSets – a diversified portfolio of crypto assets managed by hedge fund professionals and artificial intelligence (AI). According to a company release, DynaSets is now in Beta and hedge fund traders “will play a major role in all… Read More

December 20, 2021 @ 10:25 am By Omar Faridi  |  

Recent analysis from online pension provider, PensionBee, has revealed that if Brits diverted half of the money they’re expected to spend this Christmas to their pensions, they could be “as much as £1,442 better off by the time they reach retirement.” This amount could “increase… Read More

December 20, 2021 @ 9:41 am By Omar Faridi  |  

Digital assets firm Kraken notes that they’re pleased to confirm that their cryptocurrency trading platform now supports the Avalanche (AVAX) C-Chain. Funding and Trading Funding is currently live, and trading is scheduled to start on Tuesday, December 21, 2021 — at which point Kraken will… Read More

December 20, 2021 @ 9:23 am By JD Alois  |  

Rocket Companies (NYSE: RKT), a leading online lender including mortgages, has acquired Truebill for $1.275 billion in cash. Rocket’s current market cap is around $30 billion. Truebill is a digital platform that instantly uncovers and tracks your subscriptions enabling users to cancel these fees quickly… Read More

December 20, 2021 @ 9:00 am By Chantelle Arneaud  |  

Our third year of living with Covid-19 is about to start. Given the new omicron variant, we anxiously wait to see if it causes a spike in infection, which may cause a downward turn in economic growth. What does this mean for equity fundraising in… Read More

December 20, 2021 @ 8:15 am By Omar Faridi  |  

The team at Trezeo is pleased to confirm that their business has been acquired by European Fintech Monese. As mentioned in the update from Trezeo, Monese provides easily accessible, mobile money accounts to millions across Europe and is “aimed at the rapidly scaling untraditional workforce:… Read More