September 21, 2020 @ 2:45 pm By Samantha Hurst  |  

Marco Financial, a U.S.-based tech-enabled financing platform built for small and medium-sized (SME) Latin American exporters, announced on Monday it raised $26 million in funding and credit. The funding includes an equity round, led by Struck Capital and Antler, as well as a credit facility underwritten by Arcadia… Read More

September 21, 2020 @ 2:30 pm By JD Alois  |  

Bilderlings, a UK based Fintech, has launched a mobile app for managing current accounts, according to a release. The app is expected to help businesses and individuals keep track of their funds and perform basic account operations from a mobile device. Bilderinlings’ app’s main feature… Read More

September 21, 2020 @ 2:17 pm By Samantha Hurst  |  

  Echofin, a communication platform for financial teams, has successfully secured its initial £300,000 funding target through its equity crowdfunding campaign on Seedrs. The initiative launched last month and has attracted nearly 140 Seedrs investors.  As previously reported, Echofin was founded in 2018 and calls… Read More

September 21, 2020 @ 2:10 pm By Samantha Hurst  |  

Goalsetter, a U.S.-based family money app, announced on Monday it recently launched a debit card specifically geared towards teens and tweens. Founded in 2015, Goalsetter describes itself as a goal-based savings and gifting platform that was created just for kids. The company revealed it combines… Read More

September 21, 2020 @ 1:45 pm By Samantha Hurst  |  

BITFRONT, LINE Corporation’s global digital currency exchange, is now providing interest on crypto-asset deposits through a partnership with Celsius, a blockchain-based crypto reward and lending platform.  BITFRONT reported that users may sign up from the “Earn Interest” tab on the BITFRONT website and earn up… Read More

September 21, 2020 @ 12:04 pm By JD Alois  |  

Payments provider Paya has signed a definitive agreement to acquire The Payment Group (TPG). Details regarding the transaction were not disclosed. This is Paya’s second acquisition in the government and utilities integrated payments space. Paya is a portfolio company of GTCR and TPG is a… Read More

September 21, 2020 @ 11:28 am By Omar Faridi  |  

Chainalysis, the leading blockchain analysis firm, has teamed up with the State of Wyoming’s Division of Banking, the banking regulator that’s tasked with the chartering and supervision of Wyoming state banks, trust companies, mortgage firms, money transmitters and other non-bank financial service providers. The State… Read More

September 21, 2020 @ 10:21 am By Samantha Hurst  |  

UK financial API provider TrueLayer announced on Monday it secured $25 million through its Series C funding round. TrueLayer revealed that the investment takes the total amount it has raised to $72 million. Founded in 2016, TrueLayer describes itself as a technology company that provides… Read More

September 21, 2020 @ 10:08 am By JD Alois  |  

Real estate investment platform Cadre has announced the launch of “Cadre Cash,” a cash savings account with an annualized reward of 3%, according to a note from the company. Beginning today, qualified individuals who invest in Cadre’s real estate offerings may earn an annualized reward… Read More

September 21, 2020 @ 9:55 am By Samantha Hurst  |  

Cryptocurrency exchange bitFlyer Europe announced on Monday it formed an integration with global payments platform PayPal. bitFlyer reported that the integration allows PayPal’s European users to be able to deposit funds to the bitFlyer Europe platform to purchase cryptocurrencies safely and securely. The crypto portal… Read More

September 21, 2020 @ 9:08 am By JD Alois  |  

FCA authorized e-Money Institution Ziglu kicked off a crowdfunding round on Seedrs today and quickly topped its £1 million goal. The offering is live for up to 40 more days. According to the offering page, Ziglu is selling equity in the company at a pre-money… Read More

September 21, 2020 @ 8:45 am By JD Alois  |  

Tink, a leading Open Banking platform, has acquired OpenWrks – an aggregation platform. Tink is making the move to strengthen its position in the UK while buttressing its European expansion. The acquisition is also part of a strategic partnership where OpenWrks will power its applications… Read More

September 21, 2020 @ 8:23 am By Samantha Hurst  |  

    Wirex, a UK-based payments platform, announced on Monday it launched its first crowdfunding campaign through equity crowdfunding platform Crowdcube. Wirex reported it is now seeking to raise £1 million. Founded in 2014, Wirex is a UK FCA-licenced global digital payment platform that has… Read More

September 21, 2020 @ 7:49 am By Omar Faridi  |  

Sadie Williamson, founder of Williamson Fintech Consulting, notes that the rise of Fintech may be considered the small business ecosystem’s “biggest game-changing” developments of the past several years. Williamson acknowledges that Fintech products aren’t yet mature enough to fully replace legacy banking systems. However, she… Read More

September 21, 2020 @ 7:43 am By Omar Faridi  |  

The Financial Regulatory Authority’s (FRA) Board of Directors in Egypt has reportedly approved a draft law that aims to regulate and support the use of Fintech services in the non-banking financial sector. Mohamed Omran, Chairman at the FRA, noted that the approval will aim to… Read More

September 20, 2020 @ 11:00 pm By Omar Faridi  |  

Latvia-based peer to peer (P2P) lender Grupeer noted on August 31, 2020, that it had provided an update regarding the current status with the repayments and debt collection processes on its platform. The Grupeer team had confirmed that, as its clients already know, since April… Read More

September 20, 2020 @ 10:19 pm By Samantha Hurst  |  

Digital assets exchange OKEx announced on Friday it is offering a full suite of trading products for Uniswap’s UNI. The platform reported that the products will include margin, swap trading, coin-margined perpetual swap, and savings. It will also offer zero transaction fees in UNIUSD perpetual… Read More

September 20, 2020 @ 9:57 pm By Omar Faridi  |  

Benjamin Diokno, the Governor of the Reserve Bank of the Philippines, recently noted that the underlying technology behind digital tokens may streamline or enhance existing financial services. The nation’s central bank is looking into the feasibility of issuing its own virtual currency. Diokno believes that… Read More

September 20, 2020 @ 9:53 pm By Samantha Hurst  |  

Benefitfocus, Inc. (NASDAQ: BNFT), a technology platform provider enabling rapid innovation for employers, health plans and consumers, recently announced it has named employment-based holistic financial wellness services PayActiv as its new financial wellness partner. Founded in 2000, Benefitfocus claims it unifies the entire U.S. benefits industry on… Read More