January 25, 2025 @ 5:27 pm By Omar Faridi  |  

Digital bank Revolut, which provides the global fintech platform and super-app claiming over 10 million users in the UK and 50 million worldwide, has significantly enhanced the interest rates for its UK Instant Access Savings account. With rates now as high as 5% AER (variable),… Read More

January 25, 2025 @ 5:26 pm By Michael Wong  |  

Workera, an AI-powered skills intelligence platform, has received a strategic investment from professional services company Accenture as part of a broader alliance aimed at accelerating the adoption of skills-first strategies. The collaboration encompasses multiple areas: a financial commitment from Accenture, a reseller agreement to distribute… Read More

January 25, 2025 @ 5:24 pm By Omar Faridi  |  

The peer-to-peer cryptocurrency trading platform NoOnes has revealed it was the victim of a significant security breach earlier this month, resulting in the loss of approximately $8 million in crypto assets. CEO Ray Youssef confirmed the hack after it was disclosed by crypto researcher ZachXBT… Read More

January 25, 2025 @ 5:23 pm By Tony Zerucha  |  

This week, Foyer, a Fintech company focused on first-time homebuyers, announced the successful closure of a $6.2 million seed round led by Alpaca VC and Hometeam Ventures with participation from Animo Ventures, Resilience VC, Accion Venture Lab, Detroit Venture Partners, and Clocktower Ventures. The funds… Read More

January 25, 2025 @ 5:22 pm By Omar Faridi  |  

The Bank of London has missed the deadline for filing its 2023 accounts with Companies House, marking a significant issue for the financial institution. The accounts were due by December 31, 2024, but the bank has yet to file them, causing concern among stakeholders. According… Read More

January 25, 2025 @ 5:20 pm By Tony Zerucha  |  

Moniepoint, a Nigerian business payments and banking services platform, has secured an investment from Visa. Founded in 2015 by Tosin Eniolorunda and Felix Ike, Moniepoint (formerly known as TeamApt) has targeted Nigeria’s network of small and medium-sized businesses (SMEs), offering a suite of services including… Read More

January 25, 2025 @ 1:00 pm By Omar Faridi  |  

CLS Global FZC LLC, a financial services firm known in the cryptocurrency industry as a “market maker,” has agreed to resolve criminal charges relating to its fraudulent manipulation of cryptocurrency trading volume. As part of the criminal resolution, CLS Global will plead guilty to the… Read More

January 25, 2025 @ 12:37 pm By Omar Faridi  |  

David Balland, co-founder of Ledger, a French cryptocurrency hardware wallet company, was recently the victim of a kidnapping incident in central France. The Paris prosecutor’s office confirmed that Balland was abducted on January 21 and held captive until his release on January 22, following a… Read More

January 25, 2025 @ 12:36 pm By Omar Faridi  |  

Affirm Holdings, Inc. (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, and Liberty Mutual Investments (LMI), the investment firm of the Liberty Mutual Group of Insurance Companies (LMIG), announced the upsize of their forward flow loan purchase program. Over the… Read More

January 25, 2025 @ 12:35 pm By Omar Faridi  |  

PitchBook has recently released its report, entitled Fintech: State of the Industry 2025. The update aims to offer a wide lens on fintech’s pulse, funding flows, and key trends. Key takeaways from the PitchBook research report on Fintech are as follows: Public fintech companies delivered… Read More

January 25, 2025 @ 12:34 pm By Tony Zerucha  |  

Entrust, a provider of trusted payments, identities, and data security, this week introduced AI-powered identity verification as a new capability for its Identity-as-a-Service (IDaaS) platform. In 2024, US businesses lost an estimated $112 billion to fraud, the equivalent of nearly 7% of their revenue. Modern attacks,… Read More

January 24, 2025 @ 10:32 pm By Omar Faridi  |  

SBI Payments and Pine Labs announced an expanded strategic alliance, building on their long-standing 12-year partnership. SBI Payments is a JV formed between India’s commercial bank, State Bank of India, and Hitachi Payment Services Pvt. Ltd. As covered, Pine Labs is a merchant commerce platform…. Read More

January 24, 2025 @ 4:10 pm By Omar Faridi  |  

Alchemy Pay, a fiat-crypto payment gateway, has announced its partnership with Morph, a global consumer layer for driving blockchain adoption. This collab integrates Morph into Alchemy Pay’s supported network, thus enabling “acquisition and selling of USDC, USDT and ETH on Morph through local fiat currencies… Read More

January 24, 2025 @ 4:00 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed charges against the CEO of a startup artificial intelligence (AI) firm and his wife. The SEC alleges fraud involving fake audit reports and other financial documents. A criminal indictment has simultaneously been revealed, charging the duo with… Read More

January 24, 2025 @ 1:36 pm By Omar Faridi  |  

In a move that has sent ripples across the fintech and broader financial services sectors, Stripe, the global payment processing giant, announced a reduction in its workforce by 300 employees. Financial infrastructure firm Stripe’s management claimed that this restructuring is reportedly part of a broader… Read More

January 24, 2025 @ 1:29 pm By Omar Faridi  |  

Pomelo Group has completed the acquisition of Singaporean FinTech payments company Arrow Checkout. The firm was established back in 2021 by leading Payments professionals from Grab and Tencent. Arrow offered eCommerce and checkout payments technology, was backed by Y Combinator, and raised funding “from Peak… Read More

January 24, 2025 @ 1:27 pm By Omar Faridi  |  

Clutch says it is turning credit unions into Fintechs, and with the successful completion of a Series B funding round, is equipped with $65 million to  transform the way credit unions deliver products and services to the members and communities they serve. The Series B investment… Read More

January 24, 2025 @ 11:12 am By Omar Faridi  |  

Checkout.com, a digital payments company, announces a profitable end to 2024 and 45% YoY net revenue growth in its core business, which serves the commerce and fintech sectors and reportedly accounts for “95% of total volumes.” These milestones underscore the company’s commitment to “delivering the… Read More

January 24, 2025 @ 10:59 am By JD Alois  |  

President Donald Trump sent a memorandum to the incoming Secretary of the Treasury announcing the end of the Global Tax initiative established under the Biden Administration. There are many reasons why the Global Tax was a bad deal to begin with, and Trump’s action is… Read More