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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

Bye Bye Beam: Savings App Fintech to Shut Down Following FTC Settlement

Beam, a mobile banking app, will be banned from offering such services and must give full refunds to users. The announcement was made as part of a settlement with the Federal Trade Commission (FTC). As part of the settlement, Beam neither admits nor denies any… Read More

iSTOX Tokenizes Astrea VI Private Equity Bonds

iSTOX, a tokenization platform regulated by the Monetary Authority of Singapore (MAS), says it has tokenized Astrea VI private equity bonds which were issued earlier this month by Astrea VI Pte. Ltd. iSTOX claims this is the first time digital tokens with exposure to bonds… Read More

Seedrs Secondary Market Shows Valuations for Crowdfunded Firms

Last month, Seedrs shared some data on its Secondary Market – a trading market for securities issued via the crowdfunding platform. While still relatively small, the market provides a valuable liquidity path for a traditionally illiquid sector of finance as most private securities holders must… Read More

Where’s the Feedback? Commissioner Hester Peirce Wants More Comments for SEC’s Query on Digital Asset Custody

SEC Commissioner Hester Peirce nudged the crypto crowd a bit this week pointing out that feedback on the SEC’s request for comments on digital asset custody is paltry at best. Commissioner Peirce has long been noted for her support of innovation in financial services and… Read More

P2P Lender Linked Finance Selects New CEO, Reports Over €3 Million in First Month as Covid-19 Credit Guarantee Scheme Lender

Linked Finance has appointed Niall O’Grady as the new CEO, according to a note from the company. O’Grady is expected to lead the business through its next stage of growth as the peer to peer lender reports €3 million in lending funded in the first… Read More

Insurtech Getsafe Reflects on 2020 Performance

Founded by Christian Wiens and Marius Simon in 2015,  Getsafe entered the UK insurance market about one year ago. The Germany based Insurtech has posted some information looking back at the last 12 months. In December, Getsafe secured a $30 million funding round led by… 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

AICPA, CPA.com, and Biz2Credit: Small Businesses and CPA Firms Should Be Readying for New Round of PPP Relief Funds

Biz2Credit has teamed up with the American Institute of CPAs (AICPA) and its business and technology arm, CPA.com to recommend that small businesses and CPA firms should be readying for a new round of Paycheck Protection Program (PPP) relief funds. Biz2Credit reported that during the initial… Read More

OTC Markets Group Announces Addition of Grayscale Litecoin Trust to OTCQX

OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 11,000 U.S. and global securities, announced on Monday that Grayscale Litecoin Trust (OTCQX: LTCN), an investment vehicle that enables investors to gain access and exposure to Litecoin in the form of a security without the challenges of buying,… Read More

SEC Issues Statement on Wyoming Division of Banking’s No Action Letter Regarding Digital Asset Custody

The Securities and Exchange Commission, Staff of the Division of Investment Management has issued a public statement pertaining to a recent No-Action Letter (NAL) published by the Wyoming Division of Banking that included the Wyoming Division of Banking’s views relating to the definition of “bank”… Read More

Nium Appoints Frederick Crosby As New Chief Revenue Officer

Global fintech infrastructure platform, Nium, announced on Thursday it has appointed Frederick Crosby as its new Chief Revenue Officer. The appointment comes less than two weeks after Nium it is expanding its services into Africa and the Middle East. According to Nium, Crosby has nearly… Read More

Netherlands’ TerraPay, a Cross-Border Payments Infrastructure Developer, Appoints Ritesh Pai as SVP for Product and Payments

Netherlands-based TerraPay, a cross-border payments infrastructure developer, has hired Ritesh Pai to serve as the company’s senior vice president for product and payment solutions. TerraPay claims that it’s a leader in offering seamless and secure cross-border real-time payments via “digital interoperability” across different financial instruments including… Read More

Mastercard Expands Strategic Global Partnership With Marqeta

Marqeta, a fintech unicorn that claims to be the first global modern card issuing platform, and Mastercard announced on Thursday they have extended global partnership to expand into new geographies, open access to new products, and launch additional card programs together. The duo reported they… Read More

CrowdStreet Provides Unique Perspective into Real Estate Crowdfunding: We feel that we are experiencing our “Zoom” moment

CrowdStreet: COVID Will Accelerate Trends Already in Place Real estate investing has been impacted by the ongoing COVID-19 health crisis – as it has many other industries. In the online investing sector, many platforms have reported a rapid decline in activity during the early days… Read More

Payments Technology & Software Solutions Provider Global Payments Announces Multi-Year Agreement with Wells Fargo Bank

Global Payments Inc. (NYSE: GPN), a worldwide provider of payment technology and software solutions, announced on Tuesday its Issuer Solutions business, TSYS, has renewed its agreement with Wells Fargo Bank. Through the agreement,  TSYS will continue to provide a range of processing and support services… Read More

Who is Against Expanding the Definition of an Accredited Investor?

It should be obvious to most everyone that the current definition of an Accredited Investor not only disenfranchises the vast majority of the population it is not really an effective proxy to evaluate an individual’s ability to assess risk and the opportunity affiliated with private… Read More

Anna Pinedo, Partner at Mayer Brown, Comments on Possible Update to Regulation S-K

Tomorrow, the Securities and Exchange Commission (SEC) will reveal any changes to Regulation S-K. A proposal by the Commission was introduced in 2019. According to the meeting notice, the Commission will consider: “whether to adopt amendments to modernize the description of business, legal proceedings, and… Read More

CBDC: China’s Digital Currency Live in the Wild

It is no secret that China has long been working on a Central Bank Digital Currency (CBDC). Today, there is a video circulating on Twitter of an individual using the digital RMB.   China is starting to test the Digital RMB and educate its citizens…. Read More

SEC Small Business Capital Formation Advisory Committee Posts Agenda for August Meeting

The Securities and Exchange Commission (SEC) Small Business Capital Formation Advisory Committee has posted its agenda for its upcoming meeting scheduled for August 4th. The SEC states that the Committee will focus its agenda on how capital markets are serving underrepresented founders, including minorities and… Read More

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