Fintech overview of May 23, 2021

Fintech Spotlight: Partner of Nasdaq and Benzinga, express commitment to provide actionable market intelligence
As part of a vision to democratize access to actionable and timely stock information, Benzinga has partnered with Nasdaq Inc.

In addition to supporting companies such as Apple Inc, Alphabet Inc and Microsoft Corporation, from their inception, Nasdaq offered many other products and services, all of which improve market access and transparency for institutions and retailers.

With this new partnership, companies that rely on the Nasdaq for their data will be able to easily access Benzinga’s market news feed, unlocking access to content designed by a team of journalists, analysts and editors.

Newswires include individual equity coverage, Canadian asset coverage, cryptocurrency, macroeconomics, and innovations like the Why-is-it-Moving API, which gives the reason for a phrase why a stock trades higher or lower on a given day.

Spotlight on Fintech: MX takes Lexi Hall on board to promote regulatory innovation in Fintech
MX, a platform for building modern financial solutions, has officially welcomed a new Director of Public Policy, Lexi Hall.

As part of the development, Benzinga spoke to Jane Barratt, director of advocacy for Hall and MX.

TradeZero America Launches Cryptocurrency And Celebrates By Purchasing New York Yankee Hospitality Suite License With Bitcoin
TradeZero America, a commission-free trading platform, has officially announced the launch of cryptocurrency trading.

To celebrate this addition, TradeZero will also be purchasing a license for a New York Yankees hospitality suite at Yankee Stadium with Bitcoin, making this the ball club’s first transaction using digital assets.

Global Trading Platform Participation Adds $ 30 Million From Tiger Global, DST Global
Stake is a commission-free fractional trading app that provides global access to the US markets.

The idea behind Stake originated in 2009 when Stake founder Matt Leibowitz looked for a better way to invest in the immense innovation, business diversity and advanced liquidity available in the United States.

Since then, in an effort to expand into new markets, including Europe, and expand its product offering, Stake has announced the addition of $ 30 million in funding. This comes as Stake has experienced 25% average UK customer growth on a month-over-month basis and has amassed a worldwide customer base of 330,000 customers.

Collectibles Investment Pioneer Rally Secures $ 30 Million Series B Led By Accel
Rally, which was one of the first to democratize investing in single assets for as little as $ 1 per share, raised $ 30 million in an Accel-led funding round, with participation from existing investors Upfront Ventures, Social Leverage, and others.

In addition, the company has secured a $ 50 million credit facility with Upper90 Capital.

The development comes as the company seeks to continue to grow its investor base and add cash flow-generating assets such as intellectual property, royalties, real estate and more.

Payroll Management Platform payslip adds $ 10 million to Series A
In a move that brings Payslip’s total funding to $ 14.5 million, MiddleGame Ventures led a new $ 10 million round with participation from Mouro Capital; Frontline Ventures;; investors David Clarke, former technical director of Workday; Brian Williams, co-founder of One Source Virtual; and Phil Chambers, CEO and co-founder of Peakon.

The development comes as Payslip increased its revenues by 40% and quarterly customer growth by 25%. With additional funds, Payslip said it would be more empowered to help multinational organizations solve payroll issues such as data standardization and automation, reporting and analytics, as well as compliance and operational efficiency.

Lance, a standalone bank account for the self-employed, closes $ 2.8 million round
Built by a team of former freelancers, Lance is a bank account that automatically identifies deductibles and manages tax deductions, sets aside savings, and pays monthly salaries based on a freelance’s sometimes volatile income.

In a round with participation from Barclays, BDMI, Great Oaks Capital, Imagination Capital, Techstars and DFJ Frontier, along with other fintech and creative industry angel investors, Lance raised $ 8 million for continue product development and marketing.

Secfi obtains a $ 150 million investment facility for its stock option financing platform
Secfi provides capital planning tools that help private company shareholders and professional advisers make better capital decisions, from offering to IPO.

Right now, the company works with employees at 80% of all US-based unicorn tech companies and has over $ 10 billion in stock options registered on its platform.

In an effort to expand its platform to finance stock options for executives and employees, the company added a $ 150 million facility from New York-based investment firm Serengeti Asset Management.

The development follows the success of Serengeti’s first $ 550 million installation in January 2020.

Small Exchange Lowers Energy Market Volatility Barrier With SMO Crude Oil Futures
Launched last year, the Small Exchange was founded after CEO and Chairman Donald Roberts, alongside Tom Sosnoff, founder and co-CEO of tastytrade, looked at their experiences in building thinkorswim, a brokerage acquired by TD Ameritrade in 2009 for $ 606 million.

Given their view that the futures market missed the boat on the retail world and the mainstream, the small exchange was born by offering products with standardized tick sizes, expiration cycles and time frames. reduced notional sizes.

The latest product to be launched is the Small US Crude Oil Futures (SMO) contract, a cash-settled futures contract whose underlying is a US-referenced blend of domestic light sweet crude oil.

“The launch of US small crude oil futures is just another example of our commitment to answer the retail trader’s call,” Roberts said in a statement to Benzinga. “The number of people looking to take charge of their investments is growing every day, and we are committed to giving them easier access to all markets with smaller products and lower trading costs.”

Spotlight on Fintech: How to Create a DIY Robot Advisor Using Passiv
In light of the commission-free trading revolution and the COVID-19 coronavirus pandemic, inexperienced participants have flooded the market, actively speculating on the use of risky, short-term strategies.

The problem with risky strategies: Investors are quickly exhausted when things go wrong.

Increasingly, as DIY investors return to work and become less aggressively involved in the market, the demand for long-term investment tools has increased. Founded in 2017, Passiv is one of the fintech providers benefiting from this change in trend.

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