Tagged: us

April 30, 2021 @ 3:45 pm By Omar Faridi  |  

Fundrise, a real estate investment platform using Reg A+ to provide access to “eREITs and eFunds,” notes that their annual letter to investors (released in January 2021) had revealed that they rang in 2021 with an updated version of their proprietary fund infrastructure, “enabling the… Read More

April 29, 2021 @ 10:27 pm By Omar Faridi  |  

Addepar, a U.S.-based wealth manager with $2.5 trillion of assets on its platform, says its goal has always been to offer investors and advisors with the data required to “optimize” how the world’s capital is “put to work.” The Addepar team noted in a recent… Read More

April 29, 2021 @ 7:17 pm By Omar Faridi  |  

California-based Fintech firm Wealthfront revealed on Wednesday (April 28, 2021) that it’s now offering new features for its investment portfolios that will allow its clients to make investments in a wider range of “carefully-vetted” exchange-traded-funds or ETFs and Socially Responsible Investing (SRI) options. According to… Read More

April 29, 2021 @ 3:17 pm By Omar Faridi  |  

Leading digital investment platform Robinhood is facing numerous lawsuits from clients. The Fintech firm’s clients have been complaining about the lengthy delays when it comes to resolving their account issues. These problems have led to many users being unable to access their funds for months,… Read More

April 29, 2021 @ 10:04 am By Omar Faridi  |  

Jeremy Hogan, Parnter at Hogan & Hogan, reveals that CryptoLaw has shared American Fintech Ripple’s response to the US Securities and Exchange Commission’s (SEC) letter which is disputing (essentially) “parts of the Court Order” from earlier in April 2021 that are “related to internal communications.”… Read More

April 29, 2021 @ 8:35 am By Omar Faridi  |  

Almost three-quarters or 75% of financial institutions have reported an increase in cybercrime activities since the Covid-19 outbreak (around February 2020), according to a survey released by BAE Systems. The survey of 902 banking institutions and insurance providers, based in the US and the UK,… Read More

April 28, 2021 @ 8:43 pm By Omar Faridi  |  

Brian Kerr, Co-founder of Kava, has published a blog post in which he revealed that his team is introducing the Kava SAFU Fund (Security of Assets Fund for Users). Kerr noted in the update, dated Wednesday (April 28, 2021) that Kava SAFU Fund is an… Read More

April 25, 2021 @ 11:30 pm By Omar Faridi  |  

London-based ComplyAdvantage, a company that offers real-time financial crime insight that “puts you in control,” notes that the European Union has introduced a strategy to deal with  organized and financial crime and the US recently imposed new sanctions on Russia. While sharing recent financial crime… Read More

April 24, 2021 @ 8:12 pm By Omar Faridi  |  

The United Kingdom has been touted as a world leader in Fintech, and it also has the “accolades” to back this position, according to a blog post by London-based Pollinate, a global software business that teams up with banks to assist them with deepening and… Read More

April 24, 2021 @ 1:07 pm By Omar Faridi  |  

The Office of the Comptroller of the Currency (OCC), an independent bureau within the US Department of the Treasury that serves to charter, regulate, and supervise all national banks and thrift institutions and the federally licensed branches and agencies of foreign banks in the United… Read More

April 24, 2021 @ 12:19 pm By Omar Faridi  |  

Last week, the US sanctioned several groups and individuals because of their alleged association with “disinformation” campaigns that were reportedly coordinated by the Russian government. Blockchain analysis firm Chainalysis points out that a few of the sanctioned utilized virtual currency in their “criminal endeavors,” and… Read More

April 23, 2021 @ 4:59 pm By Omar Faridi  |  

  The Security Token Group (STG), which focuses on the fast-evolving blockchain-based security tokens space, has released their March 2021 edition of the Security Token Market Real Estate report. As previously reported, Security Token Market (stomarket.com) hosts live-trading data from 33 different security tokens across… Read More

April 23, 2021 @ 10:31 am By Omar Faridi  |  

Bitcoin (BTC) dominance recently dropped to 50.2% (but has increased slightly to 50.7% at the time of writing) for the first time since July 2018, Bloqport reports. Bitcoin dominance represents the total share of the digital assets market that BTC claims. Notably, the BTC price… Read More

April 21, 2021 @ 11:17 pm By Omar Faridi  |  

Enterprise payments platform Candex has reportedly secured $20 million in capital via a Series A funding round that was led by Altos Ventures along with participation from NFX, American Express Ventures, and JP Morgan. Launched in 2011, Candex serves as a master vendor for small… Read More

April 21, 2021 @ 10:17 pm By Omar Faridi  |  

The TIFIN GROUP, a Fintech platform with 10 active operating firms for the asset and wealth management sector, revealed on Tuesday (April 20, 2021) that it finalized a $22.3 million Series B round. The Group also announced the addition of three strategic investors to its… Read More

April 21, 2021 @ 9:48 pm By Omar Faridi  |  

Chargebee, a subscription billing and revenue management platform, revealed on Tuesday (April 20, 2021) that it has closed a fresh round of $125 million in series G funding. Chargebee‘s round was co-led by new investor Sapphire Ventures and existing investors Tiger Global and Insight Venture… Read More

April 21, 2021 @ 9:41 pm By Omar Faridi  |  

Clearbanc, a leading digital commerce investor and the company “revolutionizing the way founders grow their businesses,” revealed on Tuesday (April 20, 2021) that it will be rebranding. The company also announced a $100 million in new Series C equity funding to support its ongoing growth… Read More

April 21, 2021 @ 9:38 pm By Omar Faridi  |  

Global enterprise software company R3’s Development Fund has reportedy reached the milestone of $10 million in capital deployed “across over 30 investments in more than 20 of the most promising early-stage blockchain and confidential computing companies,” according to a release shared with CI. As noted… Read More

April 21, 2021 @ 8:19 am By Omar Faridi  |  

OakNorth has reportedly entered into software deals with US banking institutions Capital One and Fifth Third, according to a report from BI. OakNorth has managed to onboard two new clients for its credit intelligence product offering. Capital One and Fifth Third Bank will be using… Read More

April 20, 2021 @ 10:37 pm By Omar Faridi  |  

California-based Fintech firm Wealthfront revealed on Tuesday (April 20, 2021) that it has launched the “final set of features” that make up the first version of Self-Driving Money™. As noted in a release shared with Crowdfund Insider, the firm’s “relentless” focus on automation has led… Read More