Uncategorized

September 27, 2023 @ 3:36 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has published a long list of rule changes it intends to pursue. The complete agenda established by the Commission, under the leadership of SEC Chair Gary Gensler, is available here. One of the rule changes near the top is… Read More

August 28, 2023 @ 4:23 pm By JD Alois  |  

LHV Bank, a fully regulated bank in the UK, says the business transfer from its Estonian affiliate to the UK is now completed. LHV received its banking license in May 2023. LHV specialises in providing services for global Fintechs and SME Lending solutions for UK… Read More

July 27, 2023 @ 10:42 am By JD Alois  |  

Crowdcube has revealed a partnership with Legaltech firm SeedLegals. The goal is to speed up the fundraising process the utilizing technology. Crowdcube is expected to integrate the SeedLegals services directly into its platform in the coming months. This will also include applying for EIS/SEIS qualification,… Read More

July 22, 2023 @ 6:47 pm By Omar Faridi  |  

Rapyd, the global Fintech-as-a-Service provider, today announced the appointment of Dr. Shlomit Wagman, former Director-General of the Israel Money Laundering and Terror Financing Prohibition Authority (IMPA), Head of the Israeli Delegation to the FATF, Chair of the FATF operational working group, and a Harvard-affiliated scholar,… Read More

July 12, 2023 @ 12:18 pm By JD Alois  |  

RideTandem has raised £2.3 million in a funding round led by Blackfinch Ventures, according to a statement issued by the firm. At the same time, Seedrs has listed the securities offering on their platform, enabling smaller investors access to participate in the offering. RideTandem has… Read More

June 16, 2023 @ 3:36 pm By JD Alois  |  

The Securities and Exchange Commission (SEC), Investor Advisory Committee (IAC) has posted its agenda for its meeting next week. Established under Dodd-Frank, the IAC is supposed to represent the interests of individual investors, including smaller ones. In the past, the Committee has largely focused on… Read More

June 14, 2023 @ 3:11 pm By JD Alois  |  

The US Federal Reserve has decided to pause rate hikes as it aims to assess the impact of the past rate hikes that have been some of the fastest in history. The Federal Funds Rate will remain at 5 to 5-1/4%. The Federal Open Market… Read More

May 25, 2023 @ 12:10 pm By JD Alois  |  

Shoorah, a startup created by Ferne McCann and Lorri Haines, is preparing to launch an investment round on Seedrs. The pair became popular following the success of ITVBe’s First Time Mum series. McCann has been a TV personality and presenter for 10 years. Shoorah recently… Read More

May 12, 2023 @ 8:55 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed charges against GA Investors as well as anonymous operators or “John Does 1-4” alleging fraudulent offerings of securities that includes crypto. The SEC said the bogus offerings were made available through “dozens of websites.” The SEC is… Read More

May 5, 2023 @ 3:24 pm By JD Alois  |  

StartEngine has been raising growth capital once again in a self-crowdfunding round that has been available for several months now. According to the offering page, $13,858,375 has been raised in a Reg A+ offering for common equity from 7669 investors. StartEngine is selling shares at… Read More

May 1, 2023 @ 10:28 am By JD Alois  |  

As was previously reported, First Republic Bank has gone into receivership by the Federal Deposit Insurance Corporation (FDIC) – now representing the second-largest bank failure in history. JP Morgan Chase (NYSE:JPM) has stepped in to take over the bank as a bidding process took place… Read More

April 28, 2023 @ 5:39 pm By Omar Faridi  |  

Digital banking innovator Tyfone, Inc. announced a major transaction that includes a significant investment from Demopolis Equity Partners and a merger with digital banking provider Cubus Solutions, “resulting in the combined entity operating under the Tyfone brand.” This move will aim to accelerate “the adoption of… Read More

April 26, 2023 @ 11:34 am By JD Alois  |  

As CI reported yesterday, the House Financial Services Committee has scheduled a markup session for pending legislation. Many of the proposed bills are designed to improve access to capital as well as improve JOBS Act rules. In a statement in advance of the meeting, Congressman… Read More

April 12, 2023 @ 11:44 am By JD Alois  |  

It is that time of year again taxes are due in the US. The only groups that like tax season are the ones that benefit – state, local, and federal government – and tax preparers that earn their keep by navigating the byzantine process of… Read More

April 3, 2023 @ 9:15 am By JD Alois  |  

The spectacular collapse of Wirecard, once Germany’s largest Fintech, still reverberates within the country. While different pieces and parts have been sold off to various firms, the collateral damage continues, and new information continues to emerge. Today, EY – once the auditor of Wirecard, has… Read More

March 7, 2023 @ 6:09 pm By JD Alois  |  

Paxos, a regulated digital asset platform, says that even with the calamitous 2022 collapse of FTX, consumers are confident about the crypto sector going forward. Paxos said it completed the survey in partnership with Pollfish, who polled more than 5000 individuals in an online survey… Read More

March 7, 2023 @ 9:45 am By JD Alois  |  

Later this week, the Subcommittee on Capital Markets, part of the House Financial Services Committee, will hold a hearing entitled U.S. Public Markets Built for the 21st Century: Exploring Reforms to Make Our Public Markets Attractive for Small and Emerging Companies Raising Capital. As the… Read More

February 17, 2023 @ 10:46 am By JD Alois  |  

Cushon, a Seedrs portfolio company, was acquired by Natwest Group – announced this past week. NatWest is acquiring an 85% majority shareholding in Cushon with the company’s existing management retaining the remaining 15%. Cushon’s main products are a workplace ISA and a master trust pension…. Read More

January 13, 2023 @ 1:24 pm By JD Alois  |  

Yesterday, the Securities and Exchange Commission (SEC) announced an enforcement action against Gemini, a digital asset platform, and Genesis – a subsidiary of Digital Currency Group (DCG). The revelation of the lawsuit arrived at a challenging time for both firms as Gemini is in the… Read More

January 11, 2023 @ 11:30 pm By JD Alois  |  

In the days when FTX could do no wrong, viewed as the second coming of crypto exchanges, FTX cut a deal to have its brand plastered on the Miami Heat Arena. Stepping in to take over from the august American Airlines in the Spring of… Read More