Marketplace Lender Prosper Releases Latest Performance Update

OurCrowd is returning next week (February 15, 2023) with its investor summit, held in Jerusalem. The OurCrowd Global Investor Summit focuses on online capital formation and is the largest gathering of its kind globally. OurCrowd hit the pause button on the event following the emergence of the COVID health challenge.

Trulioo has announced a new version of its global identity platform that is being described as “industry-defining.”. Trulio provides a service for both business and individual verification. Based in Vancouver, the firm has grown rapidly, adding big-name investors like Goldman Sachs and Amex. The company raised a $394 million Series D in 2021.

Katipult (TSXV: FUND) says it has entered into an “expanded software license agreement” with Raymond James (NYSE:RJF). Raymond James is a multifaceted financial services firm that focuses on wealth management as well as institutional services such as investment banking. Raymond James holds about $1.7 trillion in client assets under administration in North America.

Gate.io, which claims to be one of the world’s “leading” digital asset trading platforms, has chosen Coinfirm, a key player focused on analytics and anti-money laundering (AML) solutions for the blockchain industry, “as one of its key AML/CFT partners.”. The partnership will “give Gate.io access to...

Finastra recently unveiled Finastra ALM IQ, a risk management solution available for banks from March 2023. The unique Cloud-based balance sheet management tool “enables small and medium-sized banks to make confident decisions in shorter timeframes, making them more competitive against larger financial institutions.”. ALM IQ offers “a faster, deeper...

Last week, it was reported that DealMaker had filed a lawsuit against Issuance, claiming that Issuance had utilized a relationship between the two firms to gain access to intellectual property to launch a similar service. DealMaker is a tech-enabled platform that helps firms raise money online. DealMaker reports over 689,000...

The UK government has released proposals for regulation of the cryptocurrency industry in hopes of “stabilizing the market while diminishing the incentives for users to flock to offshore jurisdictions.”. Perhaps one of the benefits of the post-FTX landscape is that regulators are now “urged to more clearly communicate necessary...

CI recently published an update on Reg CF [Regulation Crowdfunding], an exemption that allows a business to raise up to $5 million in an online securities offering. Investors may be non-accredited or accredited. While the legislation creating Reg CF was signed into law in 2012, it too several more years for regulators to enable issuers to raise capital under the new rule. Starting in 2016, Reg CF has now helped thousands of businesses to raise hundreds of millions of dollars online. This has led to tens of thousands of new jobs. But while not all businesses will be successful, some will – that is how a market economy works.

Decentralized cryptocurrency exchange Dexalot has launched on an Avalanche Subnet, marking a new milestone in “the evolution of decentralized trading protocols.”. The Dexalot Subnet aims “to replicate the user experience of a CEX without compromising on decentralization and transparency.”. Its team has “spent months building and refining its...

Klarpay AG marks a “significant” expansion of its international payment offering with the launch of 13 new currency IBAN accounts. This addition “enables digital companies, including online merchants, ad networks, marketplaces, and influencers, to collect and disburse payments in AED, AUD, CAD, DKK, HKD, HUF, JPY, MXN, NOK, PLN, SEK, TRY, and ZAR globally via their corporate Klarpay account in addition to the 80+ payout currencies which are already available.”

Gobi Partners, the “most interconnected” Pan-Asian venture capital (VC) firm with US$1.5 billion (RM6.5 billion) in assets under management has “onboarded four more promising Malaysian startups to its Gobi Superseed II Fund (Gobi SSII Fund).”. The four firms “being onboarded are Islamic-themed streaming service Durioo+, e-commerce marketplace...

Enfuce, the European card issuing and processing firm, has bolstered its management team with pivotal senior appointments as it gears up for further rapid expansion in 2023. The Finnish-based Cloud-native platform pioneer “has appointed Andy Patton as Chief Commercial Officer (CCO), Jessica Collingwood as Chief People Officer (CPO), Vanessa Schotes as Chief Marketing Officer (CMO) and Fern Blackler as Chief Financial Officer (CFO), all of whom have exceptional track records gained at companies including American Express, Virgin Group, Celonis and The London Stock Exchange.”

Business loan approval rates have increased – depending on who you are asking. According to a report, alternative lenders, institutional investors and small banks have increased credit but big banks and credit unions have pulled back. This is according to online lender Biz2Credit and its periodic Small Business Lending...

Ecuador-based BuenTrip Ventures, a Latin American-focused VC fund, and accelerator, has secured its first institutional investor in its second fund. The funding included the participation of the Inter-American Development Bank (IDB) through IDB Lab. IDB Lab aims to support innovation and the development of the startup and venture capital ecosystem in Latin America and the Caribbean. The investment is said to open the door to other institutional investors.

Binance has “temporarily” suspended US dollar withdrawals, according to a report. Soon after it was revealed, Binanc.US – the US subsidiary – Tweeted this decision to suspend dollar withdrawals did not impact its operations. The decision was said to impact just 0.1% of Binance customers. According...

Sunstone Credit, Inc., a technology-enabled clean energy financing platform that helps businesses go solar, announced an oversubscribed $20 million Series A funding round. The investment round was “led by an affiliated fund of Greenbacker Capital Management LLC, which provides flexible capital and best-in-class guidance for growth-stage clean energy companies.”

Zilch, a UK-based payments Fintech, has announced a partnership with StepChange – a “debt advice charity.”. According to Zilch, the collaboration with StepChange will make it the first provider of credit via buy now pay later (BNPL) to fully integrate StepChange Direct into its platform. Zilch said it...

Vancity took another step recently in its commitment to climate action. It is reportedly one of the first financial institutions in Canada “to offer its members a way to estimate the CO2 emissions that come from their purchases.”. Every Vancity Visa credit cardholder “can track the estimated carbon emissions...

This coming Wednesday, February 8, 2022, the Subcommittee on Capital Markets, part of the House Financial Services Committee, will address access to capital as it looks to approve legislation aiming to improve funding for early-stage firms. The hearing is entitled “Empowering Entrepreneurs: Removing Barriers to Capital Access for Small Businesses,”...

Digital lender MONEYME (ASX:MME) has just released a trading update announcing it has returned to statutory profits “ahead of target, making it potentially the first fintech in Australia to return to profitability following recent challenging market conditions.”. MONEYME has “delivered >$8m NPAT and record revenue for 1H23, after previously...