Neufund CEO Zoe Adamovicz Explains Reason for Pivot: Security Tokens No More?

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This past June, Neufund, one of the first European platforms to issue security tokens, announced its intent to move away from digital securities. The Berlin, Germany based Fintech issued the following surprising statement: “We’ve been active participants of the discussions held at the Bundestag, engaged… Read More

Leeds based P2P Lender, Rebuildingsociety, to Use Virtual Finance Director to Help Borrowers Receive Reports on their Accounts

Leeds-based Rebuildingsociety, a peer to peer (P2P) lending platform that’s focused on financing options for SMBs, has teamed up with Virtual Finance Director (VFD) so that Rebuildingsociety’s borrowers are able to get updated reports on their accounts. The P2P lender’s borrowers will also receive future… Read More

Russia’s Largest Bank, Sberbank, Is Considering Issuing its Own Stablecoin after Country Introduces New Crypto Law

Russia’s largest banking institution, Sberbank, is reportedly looking into whether it should launch its own stablecoin, which are digital currencies that are pegged or backed by real-world assets, major fiat currencies, or commodities such as gold. Sergey Popov, director of state-owned Sberbank’s transaction business, said… Read More

Indian Fintech Sector Receives $1.47 Billion in Investments during H1 2020, 2,147 Fintechs Operating in Country as of June 2020

Approximately $1.47 billion was invested into businesses operating in the Fintech sector in India between January to June 2020, according to the latest MEDICI Report covering Indian financial technology markets. The amount invested into India’s Fintech industry during H1 2020 was 60% greater than the… Read More

Dash Teams Up with Taurus.io, a Mexican Digital Asset Exchange, to Launch a Cryptocurrency based Debit Card

Dash has teamed up with Taurus.io, a Mexican digital asset exchange, in order to launch a cryptocurrency based Visa debit card in Latin American markets. The card will only be offered to Taurus’ customers in Mexico (for now). The crypto debit card will reportedly be… Read More

Grab Financial Group Introduces Micro Investment Platform and Buy Now, Pay Later Options for Digital Commerce Sites

Southeastern Asian ride-hailing service, Grab, has extended its business into the financial services sector, by introducing a micro-investment platform, a third-party loan service, and also a “Buy Now, Pay Later” product for digital commerce sites. Introduced in August 2020, AutoInvest allows consumers based in Singapore… Read More

Machine Learning, a Specific AI Application, Poses Challenges for Market Surveillance, but Might Help Identify Manipulative Activities: Report

Machine learning (ML) is increasingly being used in trading in order to help investors with improving their decision-making and trade execution strategies. However, ML poses various challenges when it comes to capital markets surveillance, but its proponents argue that the technology serves a useful purpose…. Read More

Indonesian Fintech Ayoconnect Raises $5 Million Through Pre-Series B Funding Round

Indonesia-based fintech Ayoconnect announced on Wednesday it raised $5 million through its pre-Series B financing round, which included participation from BRI Ventures, Tokyo Exchange-listed internet company Kakaku.com, Inc., and Brama one Ventures. Existing investors that also participated in the round were Finch Capital and Amand… Read More

U.S. Digital Lending Platform Roostify Announces Enhancement in Credit Services Product

Roostify, a U.S.-based digital lending platform, announced on Wednesday the enhancement of its Credit Services product. Roostify reported that through this new integrated service, the platform’s customers can select tri-merge, single bureau, soft and hard credit pulls directly from the Roostify’s site. “Integrated credit is… Read More

Global Payroll Provider CloudPay Secures $35 Million in Growth Capital

Global payroll provider CloudPay announced on Tuesday it has raised $35 million in growth capital. The company reported that its new investor Runway Growth Capital joined existing investors Rho Ventures and Pinnacle Investment Partners to support scaling the business as it prepares to bring new… Read More

Finexio Forms New Partnership With Billtrust to Expand Supplier Network & Meet Digital Payments Demand

Finexio, a U.S.-based fintech that offers a comprehensive accounts payable payments-as-a-service solution, announced on Monday it has formed a new partnership with B2B order-to-cash solutions provider Billtrust to provide faster digital payments to its suppliers and support the continued growth of its supplier network. According… Read More


Banking Challenger Current, which Serves US Consumers Overlooked by Incumbents, Introduces Points Rewards Program on Debit Card Purchases

Current, an established US-based banking challenger serving Americans “overlooked” by traditional banks, revealed on August 4, 2020, that it is launching a points rewards program for all its members. Current claims that it’s now the first US mobile bank to offer points rewards on purchases… Read More

Gibraltar Finance Joins International Association of Trusted Blockchain Applications

HM Government of Gibraltar’s Gibraltar Finance announced on Tuesday it has been accepted as a member of the International Association of Trusted Blockchain Applications (INATBA). According to Gibraltar Finance, the INTABA provides developers and users of Distributed Ledger Technology (DLT) with a global forum where… Read More

TradingScreen Subsidiary MARKTS Teams Up With OSL to Open Asia’s Digital Asset Market to Global Investors

TradingScreen Inc. (TS) subsidiary MARKTS, a digital asset order and execution management system (OEMS), announced on Wednesday it has teamed up with OSL, an Asian digital asset platform, to launch OSL Exchange and OSL intelligent Request for Quote (iRFQ) trading services on MARKTS. According to… Read More

New Lenders Added for CLBILS While 1.2 Businesses Supported by COVID Schemes, Future Fund Grows Too

Today the British Business Bank has announced that it has approved Allied Irish Bank, Investec Bank plc, and Mercedes-Benz Financial Services UK Limited have been accredited under the Coronavirus Large Business Interruption Loan Scheme (CLBILS). These three new CLBILS lenders will be able to provide… Read More

Truera, a Firm that Offers Fintech Sector’s First Model Intelligence Solution, to Address Black Box Problem in Machine Learning

Truera, a company that provides the Fintech industry’s first Model Intelligence platform, has reportedly emerged from stealth to officially launch its tech solution that aims to remove the “black box” surrounding machine learning (ML) and offers intelligence and “actionable” insights during the ML model lifecycle…. Read More

Spanish Neobank Bnext Raises Additional €11 Million Through Extended Series A Funding Round

Bnext, a Spain-based mobile-first neobank, has reportedly raised an additional €11 million through its extended Series A funding round, which raised €22 million ($25 million) last Fall.  As previously reported, Bnext offers customized services tailored to individual needs. The mobile banking platform allows its customers… Read More

Koch Disruptive Technologies Invests in Sight Diagnostics Alongside OurCrowd in $71 Million Series D

Koch Disruptive Technologies has announced an investment in Sight Diagnostics alongside global crowdfunding platform OurCrowd. Sight Diagnostics is a long time portfolio company of OurCrowd. The Series D funding raised a solid $71 million. Total funding now tops $124 million. A valuation of the Medtech… Read More

Buy Now Pay Later Payments Platform Afterpay Announces New Brand Identity System

Afterpay, a digital platform that offers interest-free installment plans for online purchases, announced on Wednesday its new global look, feel and positioning, which captures the power and value enabled by the platform at a time of incredible growth for the business and its customers. While… Read More

Draper Goren Holm Completes Follow On Investment in Giftz

Draper Goren Holm has completed a follow-on investment in existing portfolio company Rewards Media, Inc., also known as “Giftz”. Draper Goren Holm, a partnership between Tim Draper, Alon Goren, and Josef Holm, says it has doubled down on Giftz, a Fintech startup that will provide… Read More

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