Crowdfunding

Shift4 and Give Lively announce fundraising solution for nonprofits

Shift4 and Give Lively announce fundraising solution for nonprofits

Shift4, a frontrunner in integrated payments and commerce technology, and Give Lively, a pioneering fundraising platform dedicated to offering cost-free services to nonprofits, have announced a strategic partnership.
FundMyPitch lands £5.7m in funds to energise startup investment landscape

FundMyPitch lands £5.7m in funds to energise startup investment landscape

London-based FinTech firm, FundMyPitch (FMP), a prominent platform that forges connections between investors and investment-ready businesses in need of capital for venture initiation, has made remarkable strides in its maiden trading year by raising close to £6m for entrepreneurs on its platform.

Real estate crowdfunding platform Foxstone scores $10m

Switzerland-based Foxstone, which offers a real estate crowdfunding platform, has reportedly raised CHF 10m ($10m) in its Series A.

Saudi Arabia-based crowdfunding platform Funding Souq secures $2.5m

Saudi Arabia-based crowdfunding platform Funding Souq has raised $2.5m in its seed round, which was backed by a host of angel investors.

Locket locks up £1m in crowdfund

Locket, the prevention-first insurance provider has opened its crowdfund to the public this week, and already secured £1m against a target of £750k. The insurance...

CIRCA5000 to ramp up impactful investing following crowdfund

Investment platform CIRCA5000, has stormed past the target for its crowdfunding campaign on Crowdcube. The FinTech company has raised £3m, at the time of writing, beating its initial...

Freetrade launches seventh crowdfund

Freetrade, the investment platform that is on a mission to get everyone investing, officially launched its seventh public crowdfunding round today. Freetrade’s latest pre-money valuation...

Crowdcube receives investment from SeedInvest owner

Crowdfunding platform Crowdcube has raised $13.5m in a funding round, of which, Circle Internet Financial has invested $10.5m.

Investing platform Freetrade to launch seventh crowdfund

Investment platform Freetrade is to launch its seventh crowdfunding campaign on 24th November, which will be open to UK and EU-based investors.

Ziglu secures £7m in landslide crowdfund

UK-based banking and crypto app Ziglu has raised £7.19m and subsequently closed its crowdfund campaign on Seedrs early.

News Stories

Diverse week for FinTech as $1.1bn raised across 17 deals

Diverse week for FinTech as $1.1bn raised across 17 deals

It was a diverse week for FinTech funding, with deals closing across nine different countries.  There were a total of 17 FinTech funding rounds covered...
Sift enhances fraud insights with new metrics in industry benchmark tool

Sift enhances fraud insights with new metrics in industry benchmark tool

Sift, a leading AI-powered fraud prevention platform, has introduced significant updates to its Fraud Industry Benchmarking Resource (FIBR), a free online tool designed to provide key fraud metrics across various industries, geographies, and timeframes.
Bitsight acquires Cybersixgill in $115m deal to enhance cyber threat intelligence

Bitsight acquires Cybersixgill in $115m deal to enhance cyber threat intelligence

Bitsight, a global leader in cyber risk management, has announced its $115m acquisition of Cybersixgill, a prominent cyber threat intelligence (CTI) provider. This strategic move...
FinCEN issues alert on deepfake fraud schemes targeting financial institutions

FinCEN issues alert on deepfake fraud schemes targeting financial institutions

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a critical alert to assist financial institutions in identifying and addressing fraud schemes involving deepfake media created with generative AI (GenAI) tools.
change communication methods during a verification check.Some identity verification solutions may also flag possible attempts to circumvent verification checks, such as the use of third-party webcam plugins, which can let a customer display previously generated video rather than live video. Use of Deepfake Media in Phishing Attacks and Scams Criminals may also target financial institution customers and employees through sophisticated, GenAI-enabled social engineering attempts in support of other scams and fraud typologies, such as business email compromise (BEC) schemes, spear phishing attacks, elder financial exploitation, romance scams, and virtual currency investment scams.24For example, in family emergency schemes, scammers may use deepfake voices or videos to impersonate a victim’s family member, friend, or other trusted individual.25Similarly, criminals have reportedly used GenAI tools to target companies by impersonating an executive or other trusted employee and then instructing victims to transfer large sums or make payments to accounts ultimately under the scammer’s control.26 Financial Red Flag Indicators of Deepfake Media Abuse FinCEN identified the following red flag indicators to help financial institutions detect, prevent, and report potential suspicious activity related to the use of GenAI tools for illicit purposes.As no single red flag is necessarily indicative of illicit or suspicious activity, financial institutions should consider the surrounding facts and circumstances before determining whether a specific transaction is suspicious or associated with illicit use of GenAI tools. A customer’s photo is internally inconsistent (e.g., shows visual tells of being altered) or is inconsistent with their other identifying information (e.g., a customer’s date of birth indicates that they are much older or younger than the photo would suggest). A customer presents multiple identity documents that are inconsistent with each other.

Folks Finance secures $3.2m in Series A to advance crosschain DeFi solutions

Folks Finance, a DeFi platform specialising in lending, borrowing, and managing digital assets across multiple blockchains, has announced it raised $3.2m in an oversubscribed Series A funding round.

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