June 16, 2025 @ 6:01 am By JD Alois  |  

Remittance Fintech LemFi has acquired Pillar. Pillar’s co-founders and Revolut alumni Ashutosh Bhatt and Adam Lewis will join the LemFi team. The terms of the deal were not immediately available. LemFi, founded in 2021, aims to support immigrants. The company reports working with over two… Read More

June 15, 2025 @ 7:05 pm By JD Alois  |  

GVNR is a protocol that aims to be the cross-chain to connect all things Web3, and the company is raising funds on Republic. According to the offering page, GVNR is offering a “Token Purchase Agreement,” a facility offered to issuers by Republic. The deal is… Read More

June 13, 2025 @ 3:21 pm By JD Alois  |  

The CLARITY Act (HR 3633)is moving forward in the House. A hearing was held yesterday on the legislation that aims to create a regulatory ecosystem to enable digital asset innovation while protecting consumers. The legislation is extensive, and the House Financial Services Committee has created… Read More

June 13, 2025 @ 10:45 am By JD Alois  |  

Chairman of the Securities and Exchange Commission (SEC) Paul Atkins is moving to establish leadership at the Commission to help him effectuate his policy goals. Today, the SEC announced several new leadership additions. This includes the Director of the Division of Investment Management and the… Read More

June 13, 2025 @ 10:25 am By JD Alois  |  

European Fintech Recharge says total sales increased by 39% to €695 million in 2024. This drove top-line revenue to increase by 32% to €73.6 million. The company reports that EBITDA has doubled to €8.1 million, and net profit has reached €7.5 million. Günther Vogelpoel, CEO… Read More

June 13, 2025 @ 9:15 am By JD Alois  |  

While the IPO market appears to be waking from a long slumber with IPOs increasing by 55% versus Q1 2024, interest in private markets continues to grow. The obtuse rule upon regulation approach by policymakers for public markets has had its unintended but obvious effect… Read More

June 12, 2025 @ 5:09 pm By JD Alois  |  

Chime (NASDAQ:CHYM) is the most recent Fintech to trade shares on an exchange in an initial public offering (IPO). Chime priced its shares at $27/each. The issuance generated $864 million for the company. Shares traded as high as $44.94 today in the IPO, closing down… Read More

June 12, 2025 @ 5:51 am By JD Alois  |  

Berlin-based Payrails has raised $32 million in a Series A funding round. The investment was led by HV Capital, with continued backing from EQT Ventures, General Catalyst, and Andreessen Horowitz. The total raised to date now stands at $52.8 million. Founded in 2021, Payrails is… Read More

June 11, 2025 @ 5:38 pm By JD Alois  |  

The GENIUS Act, stablecoin legislation, is poised to move towards a Senate floor vote following a Cloture Motion, which was approved 68 to 30 with two members not voting. Senator Bill Hagerty of Tennessee sponsored the legislation. A cloture motion is a procedure that ends… Read More

June 11, 2025 @ 2:27 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) says a US District Court in Massachusetts has ordered a default judgment against My Big Coin, My Big Coin Pay, and affiliated individuals John Roche and Mark Gillespie to pay a $25.7 million in penalties regarding allegations of digital asset… Read More

June 11, 2025 @ 9:41 am By JD Alois  |  

This week, the UK Financial Conduct Authority revealed a new Sandbox, the Supercharged Sandbox, in partnership with NVIDIA, in a move designed to fuel artificial intelligence (AI) growth. The UK has been a trailblazer in creating Fintech sandboxes as a way for innovators to experiment… Read More

June 11, 2025 @ 9:13 am By JD Alois  |  

The Payments Association has asked the Chancellor of the Exchequer, Rachel Reeves, to clarify the position on stablecoins. The Association notes that during her last comment addressing digital assets this past April, it did not include any updates on the stablecoin sector. In November 2024,… Read More

June 11, 2025 @ 8:27 am By JD Alois  |  

Upvest and Webull (NASDAQ: BULL) are working together to offer access to ETFs and stocks for investors. Upvest, based in Germany, is an infrastructure provider enabling clients to leverage a digital platform to offer investment opportunities. Upvest works with well-known names like Revolut, bunq, Mintos,… Read More

June 11, 2025 @ 8:16 am By JD Alois  |  

The House Financial Services Committee and House Agriculture Committee have moved comprehensive digital asset legislation forward following a markup hearing on the CLARITY Act. The bill passed by a bipartisan vote of 32 to 19 in the Financial Services Committee, and the Agriculture Committee passed… Read More

June 10, 2025 @ 4:45 pm By JD Alois  |  

The House Financial Services Committee held a meeting today to review the Clarity Act, comprehensive digital asset legislation that aims to clarify a regulatory approach while providing improved consumer protection. Committee Chairman French Hill issued a statement on the bill: “Last week, this Committee held a… Read More

June 10, 2025 @ 12:30 pm By JD Alois  |  

Plug and Play has announced a $50 million Fintech and AI Fund, revealed at the Silicon Valley June Summit 2025. According to a note from Plug and Play, nine institutional investors are providing the money for the fund. Plug and Play notes that it currently… Read More

June 10, 2025 @ 10:24 am By JD Alois  |  

Seedrs was the platform that successfully created an effective secondary marketplace for securities issued on its platform. A trailblazer in providing liquidity for private securities, the platform scheduled one day a month to open its marketplace to match buyers and sellers. One of the reasons… Read More

June 10, 2025 @ 8:20 am By JD Alois  |  

The Private Intermittent Securities and Capital Exchange System (PISCES) is scheduled to launch later this year. In a statement, the UK Financial Conduct Authority (FCA) announced that the new marketplace would be introduced through a sandbox to test its design. The sandbox is now open,… Read More

June 9, 2025 @ 9:22 pm By JD Alois  |  

Frontfundr is the dominant platform in the Canadian investment crowdfunding sector. On May 29th, the platform celebrated ten years of online capital formation. In a public statement, Frontfundr shared that since its inception, it has helped raise a total of $285 million. This amount entailed… Read More

June 9, 2025 @ 11:08 am By JD Alois  |  

Regtech or Suptech holds enormous potential. The ability of regulators to tap into data and automate compliance can reduce the cost for regulated firms while speeding up the process for entities entrusted with ensuring that financial services firms fulfill their regulatory obligations. Today, change is… Read More