JD Alois

SEC Commissioner Peirce Disagrees with Portion of Wireline Settlement Regarding SAFT

Earlier today, the Securities and Exchange Commission (SEC) posted a settlement pertaining to Wireline and a SAFT offering that took place in 2018. According to the complaint, the SEC states that: “… between January and September 2018, Wireline, an early-stage project focused on the development… Read More

Representative Maxine Waters, Chair of House Committee on Financial Services, Asks President Elect Biden to Suspend “Midnight Regulations”

Representative Maxine Waters, Chairwoman of the House Committee on Financial Services, has sent a letter to President-elect Joe Biden asking him to “temporarily suspend any midnight regulations” promulgated by the Trump administration. This includes any rules that have not yet been published in the Federal… Read More

Blockchain Firm Figure Receives $100 Million from JPM for Jumbo Mortgages

Figure Technologies, Inc., founded by prominent Fintech entrepreneur Mike Cagney, has received $100 million from JPMorgan (NYSE:JPM) to finance jumbo mortgages, according to a release. Figure uses blockchain technology to reduce friction and cost to the loan origination process. Figure notes that this is the… Read More

Pires Investments Completes Investment in DeTech a DeFi Firm, Receives 4 Million Tokens

Pires Investments plc (AIM: PIRI) has completed an investment in DeTech Studios Limited that was announced in December. DeTech is a DeFi platform that will be issuing “YOP” tokens ( Yield Optimization Platform & Protocol). Pires receives 1,765 new ordinary shares in DeTech representing a… Read More

UK based Fintech Yapily Announces New Office in Vilnius, Looks to Expand Open Banking Services Across Europe

Open banking Fintech Yapily, a London-based startup, will open an office in Vilnius, Lithuania, the company’s third European office. Yapily notes that it joins a number of UK Fintechs including Revolut, Curve, and Square that have operations in Lithuania. The company says it will hire… Read More

ECB Digital Euro Consultation: Over 8000 Responses, Many Privacy Concerns

The European Central Bank (ECB) reports that it has received 8221 comments regarding its consultation on a digital euro or central bank digital currency (CBDC).  Chief among the comments are privacy concerns as government ledgers for a digital currency raises serious questions about data control…. Read More

After Long Wait, Updates to Crowdfunding Exemptions Publish in Federal Register with New Rules Effective in March

After a long delay, final rules approved by the Securities and Exchange Commission (SEC) have made their way over to the Federal Register. By being published in the Federal Register, the clock begins ticking as to when the new rules become available to use by… Read More

Upgrade Now Offers 2% Cashback on Certain Purchases, Wants to Be Your Primary Checking Account, Plans Savings Accounts Later

Upgrade, Inc., an emerging neobank that provides credit to consumers, has announced a new mobile checking account designed to deliver better value to its users. According to a note from the Fintech, Upgrade charges no fees and lets customers earn 2% cashback on certain everyday… Read More

More Digital Bank Services: Marcus Partners with Marqeta on Checking Accounts

Top Fintech Marqeta has partnered up with digital bank Marcus to offer digital checking accounts expected to be available to users later this year. Marcus is the retail digital bank created by Goldman Sachs (NYSE:GS). Initially launched as an online lending platform, Marcus has emerged… Read More

BNPL Twisto Receives €16 million Investment

Twisto, a buy now pay later (BNPL) Fintech, has received a €16 million investment led by Zip Co and Elevator Ventures.  Twisto is attempting to follow in the footsteps of firms like Affirm that just went public at a market cap of over $11 billion…. Read More

Crowdfunded on Seedrs, Investors in Senta to Receive Up to 120x Return as Company is Acquired

Seedrs is out with a note this morning sharing that Senta has been acquired by Iris Software Group. Senta listed three securities offerings on Seedrs and investors may anticipate a decent return on their investment. Seedrs reports that this exit represents the largest percentage return… Read More

Affirm Nearly Doubles on First Day Trading on NASDAQ

Affirm (NASDAQ:AFRM), the first Fintech of 2021 to complete a traditional (non-SPAC) initial public offering, traded far higher today than its offer price. Affirm priced shares at $49 a piece but rocketed higher. At the close, Affirm traded at nearly double ending the day at… Read More

OCC: Acting Comptroller of the Currency Brian P. Brook Steps Down

Acting Comptroller of the Currency Brian P. Brooks will step down from the Office of the Comptroller of the Currency (OCC) on January 14, 2021. OCC Chief Operating Officer Blake Paulson will become Acting Comptroller of the Currency, according to a statement by the bank… Read More

OCC Approves Anchorage Trust Company to Become Anchorage Digital Bank

The Office of the Comptroller of the Currency (OCC) has conditionally approved Anchorage Trust Company, a South Dakota chartered trust company, to become Anchorage Digital Bank, National Association. Founded in 2017, Anchorage has emerged as a top digital asset platform serving institutions investing in the crypto… Read More

GUARDD, a Fintech Supporting Private Securities Trading on ATSs, Partners with Two Marketplaces

Trading private securities in the US entails certain compliance requirements that can make it difficult and a young Fintech is on a mission to make it easier. GUARDD, a startup looking to facilitate private security liquidity, has announced two new partnerships with Alternative Trading Systems… Read More

Busted Play: Visa’s Acquisition of Plaid Canceled Due to Action by Feds

The US Department of  Justice has announced that Visa’s acquisition of Plaid, an open banking Fintech, has been called off. The decision to abandon the $5.3 billion acquisition was due to a civil antitrust lawsuit filed on Nov. 5, 2020, to stop the merger. The DOJ… Read More

DOJ: Cryptocurrency Exchange Owner Sentenced to Prison for Money Laundering

The US Department of Justice has announced that Rossen G. Iossifov, 53, formerly of Bulgaria, has been sentenced to 121 months in prison for money laundering via RG Coins, a cryptocurrency exchange headquartered in Sofia, Bulgaria. Under federal law, Iossifov must serve 85 percent of… Read More

Shares in Affirm Immediately Jump to Over $90 a Share, After Pricing at $49 [u]

Affirm, a Fintech providing point of sale credit services for consumers bumped up its initial public offering (IPO) price once again – now set at $49 a share. The price increase was due to overall demand. The goal of Affirm is to be a viable… Read More

Finnest, Part of the Invesdor Group, Says 2020 Was a Good Year for Crowd Investing

Finnest, part of the Invesdor Group, says 2020 was a good year in spight of the ongoing COVID-19 health crisis. Based in Austria, Finnest says some forms of financing were able to show their strengths during this period, including crowdinvesting from specialists in digital financing… Read More

Digital Lending Platform creditshelf Reports Double Digital Growth in 2020, Anticipates Solid 2021

creditshelf, a digital lending platform serving SMEs in Germany, says it has grown by “double-digits” in 2020 despite the ongoing COVID health crisis. While complete financials will be published at the end of March 2021, creditshelf has distributed certain highlights of 2020. Requested loans totaling… Read More

Send this to a friend