Spun Out from Santander, Mouro Capital Leads First Investment with Uncapped, a Unique Online Financing Platform
Earlier this month, Banco Santander announced that its venture arm, Santander Innoventures was being spun off and renamed as Mouro Capital. Today, Mouro Capital is announcing its first investment leading a $26 million funding round in Uncapped. The funding round was said to include both... Read More
Robinhood, a modern trading platform that offers both traditional securities as well as crypto, has reportedly secured $660 million in total through its Series G funding round. The platform revealed it raised $200 million through the round last month, with D1 Capital Partners leading the... Read More
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Overfunding: Renewable Energy Solution Provider Antaco Quickly Secures £400,000 Funding Target Through Seedrs Campaign; Announces CHF 1,000,000 Grant from the Swiss Innovation Agency Innosuisse For Phosphorous Recovery Project
Renewable energy solution provider Antaco has successfully secured its initial 400,000 through its equity crowdfunding campaign on Seedrs, which recently launched and has so far attracted more than 300 investors. Founded in 2011, Antaco is on a mission to become the world leader in turning... Read More
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Small business funding platform Biz2Credit announced on Tuesday it is teaming up with the American Institute of Certified Public Accountants (AICPA), its business and technology arm, CPA.com, to launch a new small business funding platform, CPALoanPortal.com. According to Biz2Credit, the platform was created to help... Read More
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Transferwise, a UK based Fintech that has gone global, has distributed a note promoting the savings it can generate for US customers. Transferwise is a Fintech that allows you to quickly and inexpensively transfer money anywhere – minus hidden fees and silly exchange rates. The... Read More
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Real Estate Crowdfunding Marketplace DiversyFund Announces Significant Growth in 2020 Amid COVID-19 Pandemic
DiversyFund, a real estate crowdfunding marketplace, announced on Tuesday it has undergone a period of significant growth in 2020 despite the COVID-19 pandemic. The funding platform reported it saw an increase in customers this year and surpassed the 13,350 milestone. DiverseyFund further noted that it... Read More
Binance Futures, a crypto derivatives exchange, is reporting $1 trillion in trading volume – year to date. Binance Futures started a year ago in September 2019 and claims title as the market leader. Binance Futures is part of Binance – the world’s largest digital asset... Read More
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Transferwise Books 4th Year of Profitability, Serves Over 8 Million Individuals, Processing £67 Billion in Fiscal Year
Transferwise, a Fintech unicorn and fast-growing stealth bank, has published its annual report for the fiscal year ending March 2020. According to the document, Transferwise’s annual profit more than doubled to £20.4 million during the year – the fourth year in a row that the... Read More
Next Insurance, an insurtech seeking to transform small business insurance, announced on Wednesday it secured $250 million through its Series D funding round, which was led by CapitalG, Alphabet’s independent growth fund, with participation from FinTLV, a global insurtech VC, and existing investor Munich RE... Read More
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Procheck24, Germany’s largest financial product broker, is collaborating with Raisin to offer a “novel” deposits solution for financial institutions. According to a note from Raisin, its services will now be made available via Procheck24’s 60,000 business partners including client banks. Raisin is an open banking... Read More
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The British Business Bank has distributed some data points pertaining to the Future Fund on the 711 individual companies that have been approved to receive £720 million via convertible securities offerings. The Future Fund is a COVID support program that is seeking to support early-stage... Read More
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DeFi Excitement Created by “Unsustainable Price Bubbles,” Aggressive Token Listing Policies, which Fuels Speculative Demand: Report
The Bitcoin Mercantile Exchange (BitMEX), a leading crypto derivatives exchange, has taken a look at the relatively short seven-year history of decentralized exchanges (DEXes) – which includes the first major iteration of the technology, Counterparty. BitMEX noted that it considers these early attempts to have... Read More
Switzerland’s Credit Suisse Is Expecting Business Activity in Wealth Management Sector to Slow Down During Q3 2020
Thomas Gottstein, CEO at Credit Suisse Group AG, a global wealth manager, says that he expects business activity in the wealth management sector to slow down during the third quarter of this year. However, he believes that overall revenue and trading will continue at the... Read More
Payments platform SpotOn has raised $60 million in a Series C funding round. SpotOn is a Fintech that is focused on the retail, services, and restaurant industries. The company has products specifically designed for each vertical, such as appointments, eCommerce, online ordering, and reservation management.... Read More
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UK P2P Lender JustUs Begins Taking Applications for Small Business Interruption Loan Service or SBILS
JustUs, a UK-based peer to peer (P2P) lender, has reportedly started taking applications for the Small Business Interruption Loan Service (SBILS) in order to offer funding for companies that might not have been able to acquire financial assistance via the Coronavirus Business Interruption Loan Scheme... Read More
LendingClub: Research Indicates Consumers Pay Personal Loans Before Credit Cards, Reports that Repayment Rates are High
LendingClub (NYSE:LC), a top marketplace lender serving consumers, says two recent studies indicate that personal loan payments take priority over paying off credit cards. Of course, this is good news for LendingClub – a long time advocate of cheaper personal loans versus expensive credit card... Read More
Most Retail Crypto Investors Making Substantial Investments in Digital Assets have Annual Income of Less than $10,000: Survey
Huobi Global, a leading digital assets company, recently published a survey that looks into the different investment profiles and backgrounds of retail cryptocurrency traders in emerging markets. According to a release, the survey results indicate that crypto-assets such as Bitcoin (BTC) and Ethereum (ETH) have... Read More
Binance Launches Innovation Zone where Certain Traders will be Allowed to Trade Risky Cryptocurrencies including DeFi Tokens
Binance, the world’s largest digital asset exchange, has launched what it calls the “Innovation Zone,” which will permit certain users to trade newer cryptocurrency token offerings directly from their Binance account, while protecting “less suited” traders from being exposed to the potential risks that come... Read More
Mohammed Al Beloushi, CEO at Barker and Booth Commercial Agency LLC, has confirmed that his company will make a strategic investment into the operations of Israel-based Fintech firm Fintica AI LLC, a deal made after the signing of the Abraham Accords – which is the... Read More
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CrowdStreet Provides Unique Perspective into Real Estate Crowdfunding: We feel that we are experiencing our “Zoom” moment
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 of the Coronavirus only to be followed by... Read More