January 30, 2025 @ 5:32 pm By JD Alois  |  

UK-based Fintech Wise (LON: WISE) has been penalized by the Consumer Financial Protection Bureau (CFPB). Wise has been ordered to pay $2.5 million for claims of failing to provide disclosures to consumers. The $2.5 million is split between $450,000 in redress for impacted individuals and… Read More

January 30, 2025 @ 5:19 pm By Omar Faridi  |  

Finout, the FinOps-for-enterprise platform, announced a $40 million Series C funding round led by global software investor Insight Partners, with participation from Pitango, Team8, Red Dot Capital, and Maor Investments. This investment reportedly brings Finout’s total funding to $85 million. The company’s platform, which powers… Read More

January 30, 2025 @ 5:18 pm By Omar Faridi  |  

OneVest, a wealth management technology platform, announced the closure of a $20 million Series B equity funding round. The investment round was reportedly led by Salesforce Ventures, with participation from new investors, Allianz Life Ventures and TIAA Ventures. Returning investors include the following: OMERS Ventures,… Read More

January 30, 2025 @ 3:01 pm By JD Alois  |  

The SEC Small Business Capital Formation Advisory Committee (SBCFAC) will meet next month on February 25th. This Committee is tasked with advising the Commission on issues and policies impacting smaller firms while making recommendations on how to improve the ecosystem. Today, the SBCFAC released the… Read More

January 30, 2025 @ 2:45 pm By Omar Faridi  |  

CME Group, the derivatives marketplace, and Robinhood Derivatives, LLC, announced that some of CME Group’s most “popular” futures products have started rolling out on the Robinhood mobile app. Over the coming weeks, eligible Robinhood (NASDAQ:HOOD) customers in the U.S. will have access to futures products… Read More

January 30, 2025 @ 1:58 pm By JD Alois  |  

Several years back, the European Union approved the European Crowdfunding Service Providers Regulation (ECSPR), which enabled issuers to raise funds across all EU member states. Under the rules, an issuer could raise up to €5 million for an offering listed on a regulated securities crowdfunding… Read More

January 30, 2025 @ 12:38 pm By JD Alois  |  

Global payments and transfers Fintech Wise says it has entered Mexico to provide services. Wise said it would enable Mexicans to send money internationally while bolstering the financial corridor to the US. As well, Wise will support 40 different currencies and 160 different countries via… Read More

January 30, 2025 @ 12:24 pm By Omar Faridi  |  

Bitwise announced the company has completed the rebranding of all ETPs in its European product suite following last year’s acquisition of ETC Group. The move comes as Bitwise looks to expand its position as a key market participant in crypto markets in 2025, a year in… Read More

January 30, 2025 @ 12:19 pm By Omar Faridi  |  

Oligo Security, the firm focused on Application Detection and Response (ADR), announced $50 million in Series B led by Greenfield Partners, with participation from Red Dot Capital Partners, Strait Capital, and existing investors Ballistic Ventures, Lightspeed Venture Partners, and TLV Partners. The proceeds will be… Read More

January 30, 2025 @ 8:45 am By JD Alois  |  

The European Central Bank (ECB) has lowered its benchmark rate by 25 basis points (bps) to 2.75%. The Bank issued a statement explaining that the “disinflation process is well on track” as price increases are said to align with staff expectations. Similar to the US,… Read More

January 30, 2025 @ 8:22 am By Tony Zerucha  |  

Moon Pursuit Capital founder and managing partner Utkarsh Ahuja’s spent a decade in cryptocurrency, and he believes 2025 could be the biggest year yet. The combination of tokenization and deregulation has the potential to drive innovation and unlock new opportunities for small businesses through decentralized… Read More

January 30, 2025 @ 8:12 am By Omar Faridi  |  

Mintos, the investment platform that helps generate passive income via diversified investments, announced an expansion of its bond offering. This update reportedly provides investors with access to a selection of corporate and government bonds, offering opportunities for those seeking consistent returns. Bonds are a type… Read More

January 30, 2025 @ 8:11 am By Omar Faridi  |  

Kirsty Rutter, the Fintech Investment Director at Lloyds Banking Group, highlights the key trends expected to shape the fast-evolving fintech industry in 2025. Despite various challenges, the UK fintech sector has demonstrated resilience and innovation, Rutter noted in a blog post. Kirsty Rutter from Lloyds… Read More

January 30, 2025 @ 8:08 am By Omar Faridi  |  

Regtech Sumsub announces its membership into the Payments Association EU, an industry group of stakeholders in the payments sector that fosters commercial connections between businesses and advocates for better policies. It joins a group of members, including the following firms: Mastercard, Visa, and Paypal and… Read More

January 30, 2025 @ 6:54 am By Omar Faridi  |  

Philcoin, which claims to be committed to combining blockchain technology with philanthropy, has reportedly launched PhilSocial, the “decentralized” social platform designed to incentivize users for engaging while empowering them to give back to the community. It’s described as a step forward in the intersection of… Read More

January 30, 2025 @ 5:35 am By Omar Faridi  |  

Vietnamese Visa credit cardholders will soon be able to enjoy real-time installment offers at popular merchants in South Korea, thanks to a new partnership between Visa (NYSE: V) and DealMe. This innovative payment solution is expected to enhance the overall shopping experience for Vietnamese travelers… Read More

January 30, 2025 @ 5:08 am By Omar Faridi  |  

PitchBook noted in a new report that the infrastructure software as a service (SaaS) sector has experienced significant growth, driven by the increasing adoption of digital transformation, Big Data, and advanced technologies like large language models. The report from PitchBook explained that this sector encompasses… Read More

January 29, 2025 @ 10:39 pm By Omar Faridi  |  

AXA IM Alts, a global firm focused on alternative investments, with €185 billion of assets under management, announces it has launched its private credit fund under the European Long-Term Investment Fund 2.0 regulation (ELTIF 2.0), which has reportedly raised more than €230 million. The Fund,… Read More

January 29, 2025 @ 9:39 pm By Omar Faridi  |  

Carta has noted that on January 23, 2025, the Supreme Court made a ruling that allows the Financial Crimes Enforcement Network (FinCEN) to continue enforcing the Corporate Transparency Act’s (CTA) beneficial ownership information report (BOIR) filing requirements. Carta pointed out that FinCEN has since issued… Read More

January 29, 2025 @ 9:38 pm By Omar Faridi  |  

A recent case involving Frank Richard Ahlgren III, a Texas resident, has marked a significant milestone in the realm of cryptocurrency taxation, according to an update from Chainalysis. Chainalysis noted in a report that in December 2024, Ahlgren was sentenced to two years in prison… Read More