JD Alois

Virtuix Closes $19 Million Series A-2 Round Leveraging Reg A+ Securities Exemption

Virtuix, an augmented reality gaming platform that allows players to experience virtual worlds, has raised over $19 million from 6500+ investors in a Series A-2 funding round, according to a note from the company. The securities offering was listed on SeedInvest. Virtuix has previously received… Read More

Singapore: BNPL hoolah Partners with BridgerPay

hoolah, a Buy Now Pay Later (BNPL) Fintech, has partnered with BridgerPay – a payments platform that operates in Singapore, Malaysia and Hong Kong. According to a not from the company, hoolah is the first and only BNPL provider in Asia to partner with BridgerPay… Read More

COIN: JPMorgan and Goldman Both See Shares of Coinbase Moving Higher

Coinbase (NASDAQ:COIN), the newly listed digital asset exchange, has received some good news this week as two big banks predicted that shares in the company should be going higher over the next twelve months. Yesterday, it was reported that JPMorgan analyst Kenneth Worthington initiated coverage… Read More

More Fintech: CNBC Disruptor List Includes 11 Fintechs with Robinhood at the Top of the List

CNBC’s annual Disruptor 50 Companies list includes 11 Fintechs with Robinhood leading the pack. Last year’s list included 12 Fintechs but this sector still tops all other categories. This really should come as no surprise to industry observers as innovation in financial services is forging… Read More

Securities Crowdfunding Platform SeedBlink Seeks € 3 million in Series A Funding to Expand Across Europe

SeedBlink, an online capital formation platform that claims to be the “fastest-growing investment platform in technology startups in Europe,” is seeking €3 million in a Series A round to expand services across Europe. SeedBlink said that €500,000 will be offered through equity crowding on their… Read More

Amigo Shares Sink as Judge Rejects Sub-Prime Lender’s Plan to Address Mis-selling Loans

A UK court has rejected a plan to address mis-selling by sub-prime lender Amigo (AMGO.L) causing shares to sink by 50%. Amigo offers loans to individuals from £2,000 – £10,000 over terms between 12 and 60 months, with a maximum APR of 49.9%. In 2020,… Read More

Marketplace Lender Initiative Ireland Partners with Fairfield Real Estate Finance to Lend €600 Million for Housing

Initiative Ireland has partnered with Fairfield Real Estate Finance in a project designed to lend €600 million to build 5,000 homes over the next three years. According to a release, the Irish marketplace lender was chosen by Fairfield as a joint venture partner to enter… Read More

Tether Tops $60 Billion in “Flight to Safety”

Tether (USDt) saw its market cap top $60 billion as crypto investors sought a safe haven during the most recent crypto crash. Currently, Tether is hovering below $60 billion as crypto markets appear to be recovering and Bitcoin has bounced by over 15% in the… Read More

The Innovative Lending Platform Association Joins with Traditional Financial Services Associations to Advocate for API to Prevent Loan Fraud

The Innovative Lending Platform Association (ILPA) has joined with multiple traditional financial services associations to advocate on behalf of implementing an API structure to mitigate fraud on lending. In a letter addressed to the Secretary of the Treasury, the Commissioner of the IRS and the… Read More

Fintech IPO: What’s Shared in Marqeta’s S-1 Filing in Advance of Public Offering

As has been widely reported, Marqeta, a top Fintech in the card issuance sector, will go public in an initial public offering (IPO) soon after its registration is approved by the Securities and Exchange Commission (SEC). The initial S-1 was filed on May 14, 2021,… Read More

IPOs: Two Fintechs Expected to Float Shares this Week

Two payment Fintechs are expected to list shares on both the NASDAQ and NYSE this week. Flywire is expected to sell 8.7 million shares on the NASDAQ market under the ticker FLYW. Paymentus is expected to list 10 million shares on the NYSE under the… Read More

Real Estate Crowdfunding Platform Groundfloor is SeedInvest’s Most Funded Fintech Offering Ever

Groundfloor, a real estate crowdfunding platform, is in the process of raising equity capital on SeedInvest right now. According to a recent email distributed SeedInvest, the offering is now its most funded Fintech offering ever listed on the crowdfunding platform. The email states that Groundfloor… Read More

OurCrowd: Tech Jobs Index Jumps by 50% in Q1 2021

OurCrowd, a leading global online investment platform for early-stage firms, has published the High Tech Jobs Index Q1 2021. According to the report, job openings at OurCrowd portfolio companies have risen by 50% year over year for Q1 2021. OurCrowd states that portfolio companies are seeking… Read More

House Subcommittee Hearing to Tackle SPACs

This coming Monday, May 24th, the House Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets will hold a hearing entitled Going Public: SPACs, Direct Listings, Public Offerings, and the Need for Investor Protections. The Subcommittee is part of the powerful House Committee on Financial Services… Read More

Squeeze on Bitcoin: China Province Sets Up Hotline to Tattle on Crypto Miners [u]

Multiple reports are indicating that China continues to put the squeeze on cryptocurrency. Long ago, China officially halted crypto trading but the country has long been home to many crypto miners. In fact, according to the Cambridge Centre of Alternative Finance (CCAF)Bitcoin Mining Map, China… Read More

Dear CEO: FCA Cautions Fintechs on Clarity in Consumer Protection

Earlier this week, the UK Financial Conduct Authority issued a “Dear Chief Executive” letter to payment and e-money firms warning about adequate disclosure when it comes to affiliated risk and consumer money. Some Fintechs provide similar services as banks while not being fully regulated as… Read More

Validus Hires New Head of Strategic Alliances

Singapore-based SME finance platform Validus has announced the appointment of Alfred Aloysius as Head of Strategic Alliances. According to Validus, Aloysius has more than 25 years of supply chain experience having previously held management positions as Chief Procurement Officer at SMRT Corporation, and VP of… Read More

Senator Sherrod Brown, Chair of Senate Banking Committee, Presses OCC on Crypto Bank Charters Putting Fintech Innovation at Risk

Earlier today, US Senator Sherrod Brown, Chairman of the Senate Banking Committee,  issued a statement challenging the Office of the Comptroller of the Currency (OCC) to review federal bank charters approved for digital asset firms. In the last year of the Trump Administration, the OCC… Read More

Oops. Fat Finger Error Causes BlockFi to Send 700 Bitcoin to Clients Instead of GUSD. One Customer Became a Millionaire for 3 Hours

BlockFi, a top digital asset firm, made a significant distribution error yesterday when it transferred 700 Bitcoin to clients instead of sending GUSD (Gemini Dollar). In a series of Tweets, BlockFi outlined the mistake sharing that much of the crypto had been returned and they… Read More

Digital Asset Trading and Mining Firm Apifiny Hires Former Goldman Sachs Exec

Digital asset trading platform and crypto mining firm Apifiny has hired Jason Jiang as Chief Technology Officer. Prior to joining Apifiny, Jiang was a Vice President at Goldman Sachs where he led technical development efforts within the company’s Global Markets Division, overseeing Quantitative Trading, Electronic… Read More

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