Report Touts Florida’s Vibrant VC Scene: $2.1 Billion for 332 Deals During H1 2024. Fintech Sector Most Active

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Florida, and the Miami region specifically, has emerged as a fast-growing startup/entrepreneur ecosystem. The warm weather (minus the occasional hurricane), combined with a business-friendly state government and no state income taxes, has helped shift activity from elsewhere to the Sunshine State. Some big firms have… Read More

 

 




Fintech Firm Facet Secures $35m to Expand Financial Planning Services

Facet, an American Fintech firm focused on financial planning, has secured an additional $35 million in a funding round anchored by Multiplier Capital. The new funding will support the company’s ongoing tech development and expansion of financial planning services as it continues to grow its… Read More

Survey Shows Finance Teams Strained by Rising Workloads, Tight Budgets

Finance teams are facing increasing strain as economic pressures and evolving business demands challenge their ability to meet both strategic goals and operational responsibilities, according to new research from cloud-based purchase-to-pay (P2P) automation provider Yooz. The 2024 Yooz Survey: Beyond the Balance Sheet, conducted by… Read More

Colombian Neobanking Fintech Littio Leverages OpenTrade to Provide Interest-Bearing USD Accounts to Clients via Avalanche Network

Littio, a Colombian neobank focused on addressing the currency devaluation problem for Latin Americans through various dollar-based product offerings, is now using OpenTrade‘s real-world asset (RWA)-backed yield vaults, via the Avalanche network. Via OpenTrade, Littio reportedly provides clients “yield-bearing” savings Pots with returns that are… Read More

Blockchain Analytics Firm Elliptic Announces Regional Headquarters in the UAE

Elliptic, the enabler of sophisticated blockchain analytics and digital asset risk management, has announced the launch of its regional headquarters in the United Arab Emirates (UAE), marking a key milestone in its international expansion efforts. Elliptic is pleased to welcome Zahi Yaari as its new… Read More

OpenAI Expands into Singapore, Plans Regional APAC Office

American artificial intelligence (AI) company OpenAI announced its expansion into Singapore, confirming plans to open a regional office later this year. This move underscores Singapore’s prominent role in technology and AI, as well as the increasing demand for advanced AI tools across the Asia Pacific… Read More

Capital Ideas: Jasmin Sethi of Sethi Clarity Advisers

“… broadening the accredited investor pool could help minority founders who may not have wealthy networks but could benefit from smaller investments from a more extensive base of contributors.” In a recent episode of Capital Ideas, hosts Nick Morgan and Dara Albright welcomed Jasmin Sethi,… Read More

Fintech Lendbuzz Completes $262m Asset-Backed Securitization

Lendbuzz, an AI-powered Fintech company that enhances consumer access to credit for vehicle purchases, has completed a $262 million securitization, identified as LBZZ 2024-3. The transaction is collateralized by a pool of auto loans made to consumers, secured by new and used automobiles, light-duty trucks,… Read More

Estateguru Reports Growth in Loan Origination and Steady Repayments

European investment platform Estagteguru has shared their latest loan portfolio overview for the month of August 2024. In August of this year, Estateguru revealed in a blog post that they have reportedly witnessed “continued growth” as well as more overall stability in their loan origination… Read More

Real Estate Investment Platform Groundfloor Offers “Evolution” in Fractionalized Real Estate

Real estate investment platform Groundfloor is now offering a “next evolution” in fractionalized real estate offerings. Groundfloor’s launch of its Flywheel Portfolio aims to support diversification into different real estate properties by enabling investors to invest in “hundreds” of loans – down to as little… Read More

Gnosis Launches Rewards Program Targeting GNO Holders

This week, Gnosis, architects of the fully EVM-compatible Layer-1 Gnosis Chain, announced the launch of a rewards program it believes will benefit GNO holders, accelerate the mainstream adoption of crypto payments, and generate further stakeholder engagement on the network. Following the recent approval of GIP-110… Read More


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Small Businesses in the US Encounter Fiscal Challenges Due to Lack of Financial Literacy – Report

Research from global cloud-based small business platform Xero reveals a notable gap in financial literacy among U.S. small business owners. Despite 55% of small business owners rating their financial literacy as ‘high’, half (50%) actively face fiscal challenges in their business due to a lack… Read More

Netcoins USA Teams Up with APX (US) Lending to Provide Digital Assets Backed Lending Services

BIGG Digital Assets Inc, a firm focused on the digital assets space and owner of Netcoins, Blockchain Intelligence Group, and TerraZero, announced that Netcoins USA has signed a partnership agreement with APX Lending, which is said to be a “crypto-backed” lending platform, to provide crypto-backed… Read More

Digital Bank LendingClub, Pagaya Purchase Tally Assets

LendingClub (NYSE: LC) and Pagaya (NASDAQ: PGY) have announced the purchase of the assets of Tally Technologies. Tally, a Fintech that sought to support consumers in managing their credit card debt, shut down operations last August. The former CEO said at the time that they… Read More

After Receipt of Wells Notice, Crypto.com Files Lawsuit Against US SEC to “Protect” Future of Crypto in the US

Crypto.com has filed suit against the Securities and Exchange Commission (SEC). The legal move follows the receipt of a Wells Notice, which indicates that SEC staff are recommending an enforcement action against the firm. Multiple crypto focused firms have been sued or are in receipt… Read More

Northern Ireland Reportedly Leads UK Private Sector Growth as Autumn Budget “Dominates” Outlook

Business activity rose in all but one of the UK’s 12 nations and regions last month, following broad-based growth in the month prior, according to the latest NatWest Regional Growth Tracker. As noted in a blog post by NatWest, the Business Activity Index is said… Read More

Assetera and Archax to Enhance Distribution of Tokenized Real-World Assets (RWAs) across EU and EEA Regions

Assetera and Archax have launched a partnership to enhance the distribution of tokenized real- world assets across the EU/EEA. This collaboration enables access to digital assets, which is said to include Funds and Structured Products, listed on Archax, facilitating primary sales and secondary market trading… Read More

UK’s Digital Bank Monzo Invests in Ireland Division to Expand European Operations

UK’s digital bank Monzo has injected €4m in capital into its new Irish division. The update comes just several months following Monzo’s CEO,  TS Anil, stating that the Fintech firm was in the process of establishing its EU offices in Ireland. At the time of… Read More

Contactless Payments: Japan’s International Payment Provider JCB Reportedly Enables Google Pay for Clients

JCB Co., Ltd., Japan’s international payments provider, announced that it enabled Google Pay for its clients. Android(TM) smartphone users are able to now easily use Google Pay in stores where JCB Contactless is accepted, by adding credit/debit cards issued by the JCB Group in Japan… Read More

Coreless Banking Fintech XYB to Assist Banks with Streamlining Core Systems

XYB, the Coreless Banking Platform business, has announced its plans to help banks enhance their core systems. XYB is working with global tech leader IBM to provide technologies and consulting expertise that can help financial services firms with addressing the increasing requirements for core modernization… Read More

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