Industry Briefs

DriveWealth, a leading global brokerage infrastructure platform, today announced the acquisition of Cuttone & Company, a globally-respected New York-based institutional broker dealer, thus bringing its pioneering technology to the floor of the New York Stock Exchange (NYSE)

NinjaTrader Group, LLC, a leading provider of trading software and brokerage services to active traders, has acquired TransAct Futures, a non-clearing Futures Commission Merchant (FCM) and its wholly owned subsidiary, Infinity Futures, an Independent Introducing Broker.

Drip Capital has reached a major company milestone; financing over US$ 1B of cross-border trade through its platform. The global fintech company provides working capital solutions to small and medium-sized importers (SMBs) in the United States and exporters in emerging markets like India and Mexico.

GROUNDFLOOR, the wealthtech platform that allows everyone to build wealth through real estate, is announcing a new pilot program to spur the development of more accessory dwelling units (ADUs) in the Atlanta jurisdictions where they are currently permitted.

LendingClub Corporation (NYSE:LC), America's leading online lending marketplace connecting borrowers and investors, today announced that it has now received all the bank regulatory approvals necessary to complete its acquisition of digital bank Radius Bancorp ("Radius"). The company expects the acquisition to close on or around February 1, 2021, subject to completion or waiver of the remaining customary closing conditions.

Riskalyze, the company that serves tens of thousands of financial advisors with risk alignment and portfolio analytics, and Cetera, a leading financial advice firm, today announced a new enterprise agreement aimed at standardizing risk management across Cetera’s network of firms to set a new bar for measuring risk and engaging clients.

The COVID-19 pandemic has certainly upended the financial services industry (FSI), but the overall impact it has had around the globe – on people, businesses, and the economy – is massive. The FSI has remained strong through 2020, but has readied itself for what is next. Digital transformations that were already in process have been sped up, and resiliency has been a key factor in companies that are surviving and thriving.

TaxBit, which offers cryptocurrency tax automation software targeted for crypto users, exchanges, and merchants, is excited to announce new investments from PayPal Ventures, Coinbase Ventures, and existing investor, Winklevoss Capital. These new investments from major fintech companies reinforce the importance of tailored software solutions, like TaxBit, in driving widespread cryptocurrency adoption.

FINTOP Capital, a venture capital firm focused on B2B SaaS (software as a service) companies in the Financial Technology (FinTech) space, announced today that it has exited its investment in Kindful, a nonprofit software platform known for its best-in-class third party application integrations and online fundraising tools. Financial terms of the transaction were not disclosed.

INX Limited, the blockchain-based platform for trading digital securities and cryptocurrencies in accordance with SEC, FINRA and EU regulations, announced the appointment of Itai Avneri as Chief Operating Officer (COO) and Jon Rios as Chief Compliance Officer (CCO).