BitPay Shares Insights on Digital Currency Spending Surge During 2024 Crypto Market Bull Run
Crowdfund Insider
by Omar Faridi
12m ago
BitPay, the provider of Bitcoin and cryptocurrency payment services, released its latest report, “The 2024 BitPay Spending Report,” which provides a comprehensive look into cryptocurrency spending during the historic 2024 Bitcoin bull run. Key findings shared by Bitpay include: Crypto payments up 20% from January... Read More ..read more
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Coinbase CEO Welcomes Robinhood to Elite Wells Notice Club
Crowdfund Insider
by JD Alois
12m ago
Coinbase co-founder and CEO Brian Armstrong welcomed Robinhood (NASDAQ:HOOD) to the Wells Notice club. This past week, it was reported that Robinhood has received a Wells Notice from the Securities and Exchange Commission (SEC). A Wells Notice indicates that SEC staff is recommending an enforcement action by... Read More ..read more
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Cloud Security Firm Wiz Raises Whopping $1 Billion at $12 Billion Valuation
Crowdfund Insider
by JD Alois
1h ago
Wiz is reporting a $1 billion funding round that delivers a $12 billion valuation for the firm. In total, Wiz reports that it has raised $1.9 billion in funding. According to the company, the funding was led by big-name investors, including Andreessen Horowitz, Lightspeed Venture... Read More ..read more
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Fintech MangoPay Selects New VP of Risk Product
Crowdfund Insider
by JD Alois
1h ago
Payments and transfers Fintech Mangopay has announced a new VP of Risk Product, Ariel Shoham. He is expected to lead the vision, strategy and roadmap for Identity and Fraud Protection at Mangopay. For decades, Shoham has been engaged in AML/KYC, Regtech, and anti-fraud efforts. He... Read More ..read more
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British Business Investments Provides £50 Million in Private Credit with DunPort Capital
Crowdfund Insider
by JD Alois
1h ago
British Business Investments says it has committed to £50 million in a private credit co-investment along with DunPort Capital Management. The funds will help create the co-investment vehicle, Alder Corporate Credit DAC. The funds will be used to support smaller firms in the UK with... Read More ..read more
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Small Business Investment Company (SBIC) Program & Accessing Lower Loan Rates: A Primer
Crowdfund Insider
by Bryan P. Bylica, Philip Kassel and Danny H. Harris
4h ago
The Small Business Investment Company (SBIC) Program enables private equity fund managers to access government leverage at rates typically lower than traditional lending sources. The SBIC Program aims to grow small businesses by facilitating access to growth capital for lower middle-market companies. The U.S. Small... Read More ..read more
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Robinhood Shares Response to Receipt of Wells Notice from the US Securities and Exchange Commission (SEC)
Crowdfund Insider
by Omar Faridi
4h ago
Robinhood Markets, Inc. (NASDAQ:HOOD) announced that it had received a Wells Notice from the US Securities and Exchange Commission (SEC) staff. As reported on May 6, 2024, Robinhood Crypto (RHC) received a Wells Noticer “indicating [staff] will recommend that the Commission file an enforcement action.”... Read More ..read more
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Visa and JP Morgan Payments to Enable Faster Money Movement in the US via Visa Direct
Crowdfund Insider
by Omar Faridi
4h ago
Visa Inc. (NYSE: V) and JP Morgan Payments announced a strategic collaboration that aims to enhance merchant experiences, empower cardholders, and drive innovation for J.P. Morgan Payments’ customers by introducing faster domestic payments in the US through the Visa Direct network. With Visa Direct’s extensive... Read More ..read more
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UK’s Metro Bank Provides £45M Invoice Finance Facility to Mach Recruitment
Crowdfund Insider
by Omar Faridi
4h ago
Mach Recruitment, a Leeds based specialist recruitment business has agreed a £45m invoice finance facility with Metro Bank. As a specialist recruitment business working in the ecommerce and food sectors, Mach Recruitment will use the financing “to support its acquisition ambitions and continued desire to... Read More ..read more
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Revolut Introduces New Cryptocurrency Trading Platform for UK Retail Clients
Crowdfund Insider
by Omar Faridi
4h ago
Revolut has launched Revolut X, which is described as a standalone / independent cryptocurrency trading platform that’s offered to the Fintech firm’s UK retail clients. Revolut launched in the United Kingdom, providing fund transfers back in 2015 and started enabling users to purchase, hold and... Read More ..read more
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