December 7, 2022 @ 11:34 am By JD Alois  |  

Digital bank Zopa has distributed a note that they are “bucking the trend” and raising entry-level pay by around 20% as other firms are letting people go. Starting pay for entry-level positions now commences at £27,000 – an amount that Zopa states is 25% a… Read More

December 7, 2022 @ 11:06 am By JD Alois  |  

This past Mondy, Silvergate (NYSE:SI) CEO Alan Lane took the extraordinary measure of posting a public letter defending his bank’s handling of the accounts of now bankrupt FTX and affiliated hedge fund Alameda Research. Silvergate is a regulated bank that has been a leader in working… Read More

December 7, 2022 @ 10:43 am By JD Alois  |  

Popular digital bank Starling Bank has announced new virtual cards along with features that can be incorporated into the tech. Starling Bank said that virtual cards are now available for Personal Current Account customers and updated its Spending Insights. The features add to the bank’s… Read More

December 7, 2022 @ 9:37 am By JD Alois  |  

As part of the ongoing objective of a Capital Markets Union, the European Union has announced new proposals aimed at making it easier for firms to list securities across the EU. According to a statement by the EU: Today’s proposed measures will: Make our clearing… Read More

December 7, 2022 @ 9:18 am By JD Alois  |  

Avant has raised $250 million of corporate debt and redeemable preferred equity from Ares Management Alternative Credit funds, according to a release. Avant is an online lender that targets alternative assets like specialty finance, leasing, structured products and more. Matt Bochenek, CEO of Avant, said… Read More

December 7, 2022 @ 9:08 am By JD Alois  |  

ADDX has announced another digital security available for investors on its digital asset exchange. The most recent security is a venture debt offering by Innoven Capital – a JV between Seviora (a Temasek subsidiary) and UOB. The $50 million fund combines a fixed return as… Read More

December 7, 2022 @ 8:48 am By Omar Faridi  |  

Crypto exchange Gate.io, which claims to be one of the world’s “leading” trading platforms, says that it aims to position itself “as a key driver of the crypto industry during the bear market.” As companies restrategize to adapt to changing market conditions, Gate.io is spearheading… Read More

December 7, 2022 @ 8:46 am By Omar Faridi  |  

As a licensed platform, Debitum must regularly “conduct internal and external audits.” The latest external audit was performed by Grant Thornton International in October 2022. The subject of this audit was “to inspect how well are managed investors funds and to examine platforms’ procedures and… Read More

December 7, 2022 @ 8:09 am By Omar Faridi  |  

Sometimes, innovation comes “out of frustration.” That was “certainly” the case for kennek, the vertical software solution for lenders. As Thibault Lancksweert, kennek Founder and Co-CEO notes: “Our motivation for starting kennek stemmed from our own frustrations as lenders. We found that, despite the many… Read More

December 7, 2022 @ 8:07 am By Omar Faridi  |  

Nubank, which claims to be one of the world’s largest digital financial services platforms, announced an equity capitalization of $330 million, which will be “invested to finance the expansion of the company’s portfolio, increase penetration across market segments and strengthen its operations and long term… Read More

December 6, 2022 @ 11:47 pm By Omar Faridi  |  

Adyen (ADYEN:AMS), which claims to be the global financial technology platform of choice for leading businesses, announces “the launch of four accelerator programs following the success of EMEA accelerator winner, Pivot.” Alongside the relaunch of the Amsterdam based EMEA program, the new accelerators will reportedly… Read More

December 6, 2022 @ 11:15 pm By Omar Faridi  |  

Global fintech platform Airwallex is pleased to announce that Kai Wu has been jointly appointed “as the company’s Chief Revenue Officer (CRO) and Asia-Pacific General Manager (APAC GM).” Kai has “held a number of senior positions at Airwallex for close to five years, including as… Read More

December 6, 2022 @ 10:27 pm By Omar Faridi  |  

BlocksBridge Consulting, the consulting and advisory firm for institutions in the bitcoin mining industry, launched TheMinerMag, a data and research resource “for journalists, analysts, industry executives and anyone interested in coherent and decisive information on Nasdaq-listed bitcoin mining companies.” Additionally, BlocksBridge announced “the appointment of… Read More

December 6, 2022 @ 8:09 pm By Omar Faridi  |  

Instant payments, also called real-time payments, are a form of electronic payment “that is available 24/7/365, with the payment processed and funds made available tothe recipient instantly.” the team at Juniper Research explains. However, there is “not a singularly accepted definition of instant payments, with… Read More

December 6, 2022 @ 7:20 pm By Omar Faridi  |  

The New Year holidays are rapidly approaching. While you are making a gift shopping list, investment platform Robo.cash shares the key results from November. As noted in the update from Robocash, investors “bought loans in the record amount of 21M euro.” 696 P2P enthusiasts reportedly… Read More

December 6, 2022 @ 5:02 pm By Omar Faridi  |  

AltScore, a fintech start-up that provides B2B lending infrastructure, announced it has raised $3.5 million in seed funding. The financing will help AltScore “continue developing its end-to-end Lending-as-a-Service (LaaS) solution to help its B2B partners embed and deploy credit products while giving MSMBs fair and… Read More

December 6, 2022 @ 4:29 pm By JD Alois  |  

Issuance, a platform that specializes in aiding issuers raising capital under Reg A+, has announced its expansion into Canada. According to a company statement, Issuance is now an “endorsed service-provider partner” of the Canadian Securities Exchange (CSE). The arrangement allows Issuance to offer preferred rates… Read More

December 6, 2022 @ 3:41 pm By JD Alois  |  

Galileo Financial Technologies, LLC, a company owned by SoFi (NASDAQ: SOFI), has announced a buy now, pay later (BNPL) solution, according to the company. Galileo said it will provide single use virtual cars that incorporate complete loan servicing. Galileo intends to make the BNPL service… Read More

December 6, 2022 @ 3:19 pm By Omar Faridi  |  

Imployable, which claims to be a unique, award winning app that’s at the “heart” of an employment ecosystem, has secured 60% (£150,141.81) of its £250,000 target (with 7 days in the sale, at the time of writing) from 112 investors via Crowdcube. Imployable is a… Read More

December 6, 2022 @ 11:26 am By JD Alois  |  

Recently global investment platform OurCrowd announced that it had topped $2 billion in capital commitments on its platform. OurCrowd is based in Israel but caters to a global market of both investors and private firms in need of growth capital. When the milestone was announced,… Read More