JD Alois

Revolut Expands Crypto Offerings

Digital bank Revolut has added more names to the list of cryptocurrencies its users can purchase and trade. Last week, Revolut said it had Currency added Cardano, Uniswap, Synthetix, Yearn Finance, Uma, Bancor, Filecoin, Numeraire, Loopring, Orchid, and The Graph. Revolut already allows users to… Read More

Expert Slams FinCEN Proposed Rules on Virtual Currency and Other Digital Assets as a Mistake and Lose-Lose

Several months ago, FinCEN submitted for publication in the Federal Register its Notice of Proposed Rulemaking (NPRM) regarding certain transactions that involve virtual currency or digital assets. FinCEN or the Financial Crimes Enforcement Network is a bureau of the US Department of the Treasury that… Read More

iSTOX Tokenizes Another Fund: Mapletree MERIT Fund

Digital security platform iSTOX has acquired a stake in the Mapletree MERIT Fund and turned them into digital securities that provide individual accredited investors partial access to the fund or Mapletree Europe Income Trust. Last month, iSTOX announced it had tokenized Astrea VI private equity… Read More

OurCrowd Portfolio Company Innoviz Trades on Nasdaq in SPAC Deal

LiDAR firm and OurCrowd portfolio company Innoviz (NASDAQ:INVZ) traded on the Nasdaq this week as part of a SPAC deal that was revealed earlier this year. Innoviz became a publicly listed company through a business combination with Collective Growth Corporation in a transaction sponsored by… Read More

Crypto Exchange Bitstamp Appoints Former N26 and Barclays Executive as COO

Cryptocurrency exchange Bitstamp has hired Sameer Dubey as Chief Operating Officer. Dubey has previously worked at digital bank N26 and Barclays. Prior to N26, where he was heading Operations for the UK, Dubey spent over a decade at Barclays Bank focused on its Payments and… Read More

Peer to Peer Trading Platform Zenotta Raises $10.7 Million in Seed Funding via Token Offering

Zug, Switzerland-based Zenotta AG, a peer-to-peer trading system and Smart Data Platform, has raised  CHF 10 million ($10.7M USD) through a token sale, in its first seed funding round, according to a company release. Zenotta says it wants to create a more “decentralized, democratic, and… Read More

Hong Kong Virtual Bank ZA Bank Offers Personal Loans For Just 1.99% APR

In a move to boost clients, ZA Bank has launched a personal loan with a fixed rate of 1.99% APR. Additionally, new users can get HKD 400 cash rewards upon successful application at the virtual bank. ZA Bank says the program is part of its… Read More

Mass Affluent Digital Bank Alpian Raises $18 Million

Alpian SA, a digital bank targeting the “mass affluent” has raised a Series B round of $18 million (CHF16.9 million). This latest funding round follows a Series A round in 2020 where Alpian raised CHF12.2 million. Alpian has been incubated by the Swiss banking group… Read More

Regtech: SteelEye Plans North America Expansion

SteelEye has distributed a note revealing its expansion into North America. SteelEyes is a UK-based compliance and data firm that has reported rapid growth in Europe. SteelEye seeks to provide a comprehensive SaaS-based Regtech platform that allows banks, brokers, and asset managers to simplify their… Read More

US District Cour Enters Default Judgment Ordering David Gilbert Saffron and Circle Society Corp. to Pay $32 Million for Crypto Fraud

The Commodity Futures Trading Commission (CFTC) reports that the U.S. District Court for the District of Nevada has entered a default judgment against defendants David Gilbert Saffron and Circle Society, Corp. for a cryptocurrency fraud and a misappropriation scheme. The final judgment is the result… Read More

Digital Assets: Anchorage GC Georgia Quinn Shares Why Receiving a National Bank Charter is Key

Back in January of this year, Anchorage, a top crypto platform for institutions, announced that the Office of the Comptroller of the Currency (OCC) had conditionally approved  Anchorage Trust Company, a South Dakota chartered trust company, to become Anchorage Digital Bank, National Association. Thus, Anchorage… Read More

Fintech Ramp Receives $1.6 Billion Valuation, Raises $115 Million

Ramp, a Fintech that automates accounting and is designed to save users money, has raised a $115 million Series B funding round co-led by D1 Capital Partners and Stripe. The new funding values the firm at $1.6 billion. The company has achieved unicorn status in… Read More

NextGen Workforce: Revolut Allows Employees to Work Abroad Two Months Out of the Year

The COVID-19 health crisis compelled many old-school firms to rapidly transition to a virtual office operation. While this may have been painful for firms used to centralized offices many younger firms found the transition relatively simple as they were already digitally native and comfortable with… Read More

LendingClub Bank Supports Paycheck Protection Program Loans

Last month, the US Paycheck Protection Program (PPP) was extended to aid small businesses impacted by the ongoing COVID-19 health crisis. With the program extending, LendingClub Bank says it will support SMEs with access to more PPP loans through its predecessor in interest Radius Bank…. Read More

Railsbank Reunites Currencycloud Team to Boost Banking-as-a-Service Platform

Railsbank, a Banking-as-a-Service (BaaS) platform, has reunited the Currencycloud team to boost the growth of their services. In a release, Railsbank said it has appointed John Hammond, previously CCO at Currencycloud as its new CCO to drive the platform’s international expansion. Hammond will join his… Read More

Draper Esprit Updates on Exits and Performance Including Freetrade Investment

Publicly traded VC firm Draper Esprit (LSE: GROW, Euronext Growth: GRW), has distributed an update on recent developments in its portfolio in advance of full year reporting for the year. Draper noted that it will provide a full year trading update on April 26, 2021,… Read More

Marketplace Lender auxmoney Receives €250 Million From Citigroup and Chenavari Investment Managers

auxmoney, a marketplace lender based in Germany, has received €250 million for loans from Citigroup and Chenavari Investment Managers. Chenavari is a credit-focussed asset manager with core expertise in European markets. auxmoney reports that it is now co-investing for the first time alongside partners as… Read More

LendInvest Promotes Jan Gallagher

Proptech platform LendInvest has announced the promotion of Jan Gallagher from Business Development Manager to Key Account Manager for LendInvest. According to LendInvest, Gallagher joined LendInvest as a Business Development Manager in 2019 with over 30 year’s experience to source deals across the North West… Read More

viafintech and illimity Bank Partner on Banking App

viafintech and illimity Bank S.p.A. have formed a partnership where users of illimitybank.com may use the “viacash” feature in their mobile banking app. The service is provided by viafintech and branded as “Cash Deposit” in the bank’s own app. illimity Bank customers will now be… Read More

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