February 16, 2023 @ 7:58 am By Omar Faridi  |  

NewDay, a provider of consumer credit in the UK, has appointed Checkout.com as its payments provider for debit card payments. The new partnership will see NewDay “streamlining its payment process, operations and reporting.” NewDay has “close to five million customers in the UK and processes… Read More

February 16, 2023 @ 7:37 am By Omar Faridi  |  

Sandbox Banking, the fintech building a low-code integration platform for banking, announces its completion of “a strategic investment led by Horizon Ventures, bringing the company’s total financing to $6M.” Participating investors reportedly “include Forum Ventures, SixThirty, Tuesday Capital.” Using the company’s Glyue™ platform, banks and… Read More

February 16, 2023 @ 7:11 am By JD Alois  |  

Reports continue to filter out regarding the tepid market for private transactions. A recent report indicates that private equity and venture capital investments cratered in the UK by a whopping 61% in 2022. According to S&P Global Markets, aggregate transactions in the UK topped $72… Read More

February 16, 2023 @ 6:52 am By Omar Faridi  |  

Zopa has announced the acquisition of buy now – pay later (BNPL) platform  DivideBuy. Terms of the transaction were not immediately available. Zopa recently raised £75 million as it gears up for the possibility of more acquisitions. The acquisition is expected to complete in the… Read More

February 16, 2023 @ 6:48 am By Omar Faridi  |  

Ironblocks, the “first-ever” blockchain-native cybersecurity platform, announced today that it has raised $7 million in seed funding. This investment round is “co-led by Collider Ventures and Disruptive AI, with additional participants including ParaFi; Quantstamp; Samsung Next; Balaji Srinivasan, ex-CTO of Coinbase and former general partner… Read More

February 16, 2023 @ 6:47 am By Omar Faridi  |  

The Bank of London, the next-generation technology company and the world’s first purpose-built global clearing, agency, and transaction bank, is delighted to announce “the appointment of Norbert Becker as Chair of the European Union (EU) region for the firm.” In addition to his role as… Read More

February 16, 2023 @ 5:07 am By Omar Faridi  |  

epay Australia Pty Ltd, a wholly-owned business segment of Euronet Worldwide, Inc. (NASDAQ: EEFT), announced that Alipay+ will be “activated in some 8,000 epay retailers including Australian luxury department store David Jones.” epay Australia’s retailers will “have access to the Alipay+ e-wallet partners including AlipayHK… Read More

February 16, 2023 @ 4:47 am By Omar Faridi  |  

Quantum Brilliance, the developer of room-temperature miniaturized quantum computing products and solutions, announced an $18 million fundraise. Investors reportedly “include Breakthrough Victoria, Main Sequence, Investible, Ultratech Capital Partners, MA Growth Ventures, Jelix Ventures, Rampersand and CM Equity Partners.” Quantum Brilliance will “use the funding to… Read More

February 16, 2023 @ 4:37 am By Omar Faridi  |  

American Express (NYSE: AXP) is expanding its relationship with Microsoft (NASDAQ: MSFT) to develop a suite of solutions built on Microsoft Cloud and AI technologies “focused on reducing business travel friction for employees and businesses.” The first solution developed through this collaboration will “enhance the… Read More

February 16, 2023 @ 4:35 am By Omar Faridi  |  

Mastercard (NYSE: MA) and global video game commerce company Xsolla announced plans to collaborate “on frictionless, secure, and rewarding payments for gamers — from enhanced checkout experiences using credit card loyalty points1 to simple in-game currency gifting to improved creator payout processes and more.” The… Read More

February 16, 2023 @ 1:37 am By Omar Faridi  |  

As part of its efforts to enhance financial literacy among the younger generation in ASEAN, Maybank’s Cashville Kidz financial literacy program has reached out to 37,020 students and 945 educators in over 113 schools in 2022. In a year that was recovering from the pandemic,… Read More

February 16, 2023 @ 12:43 am By Omar Faridi  |  

TD Bank Group (TD) takes another step toward positive change “to address anti-Black racism and systemic discrimination with the launch of the Black Entrepreneur Credit Access Program.” A lending program “founded on providing more equitable access to credit for Black entrepreneurs, who disproportionally face hurdles… Read More

February 15, 2023 @ 3:17 pm By Omar Faridi  |  

Given today’s changing rules and economic uncertainty, the need for robust, pre-transaction account validation and risk modeling is “more important than ever.” However, most companies “don’t measure Bank Account Validation (BAV) performance at all, leaving themselves unaware of risk management outcomes, return on investment, and… Read More

February 15, 2023 @ 2:37 pm By Omar Faridi  |  

VRRB Labs, a decentralized protocol that combines speed, scalability, and decentralization without sacrificing security, announced that it has raised $1.4 million in pre-seed funding to support its development of “an innovative blockchain that will make it easy and financially sustainable for developers to build user-friendly… Read More

February 15, 2023 @ 12:35 pm By Omar Faridi  |  

The team at Coinmetro has announced that their firm has acquired Ignium.io, a blockchain-native fundraising platform for small to medium-sized enterprises (SMEs), for EUR 4 mil.” Ignium was “created to address the pressing issue of 60 million small businesses world-wide lacking optimum financial services.” The… Read More

February 15, 2023 @ 11:56 am By Omar Faridi  |  

Lutheran Life Communities, a not-for-profit system of continuing care retirement communities and senior services, has partnered with DailyPay—the provider of on-demand pay—as part of its effort “to continuously reciprocate support and care for its healthcare team members.” The decision to implement the on-demand pay benefit… Read More

February 15, 2023 @ 11:33 am By Omar Faridi  |  

Wahed has acquired iWill Solicitors, the UK pioneers “in Islamic wills, in a seven-figure transaction.” iWill Solicitors will “become a pillar of Wahed’s financial platform—helping ethical investors to secure the next generation.” Wahed also “acquires True Wills, a pioneering online Islamic will-writing service.” Wahed, a… Read More

February 15, 2023 @ 11:29 am By JD Alois  |  

The OurCrowd Global Investor Summit opened with Israeli President Isaac Herzog addressing the crowd at an event that claimed around 9000 registrations – the largest ever for OurCrowd. Attendees included over 1700 individual investors, 1000+ multi-national corporations, 630+ venture capitalists, and hundreds of members of… Read More

February 15, 2023 @ 9:07 am By Omar Faridi  |  

Plaid, the data network that powers the tools millions of people rely on to live a healthier financial life, and Okta, Inc. (NASDAQ: OKTA), the independent identity provider, announced a partnership and integration “to help thousands of banks and financial institutions adopt OAuth and APIs… Read More

February 15, 2023 @ 8:38 am By Omar Faridi  |  

Comun, a Latino-founded neobank that provides modern banking solutions for Latino families, announced it closed a $4.5M seed round led by Costanoa Ventures with participation from South Park Commons and FJ Labs. The company plans “to use the funds to build a financial hub with… Read More