FinnoSummit LatAm Fintech Revolution Part 4: LatAm Digital Transformation and Open Banking

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Part 4 of a series of articles covering the fast-emerging Fintech ecosystem in Latin America. During the inaugural FinnoSummit addressing innovations in financial services in Latin America (LatAm), the speaker and audiences settled on a big issue; infrastructure and digital transformation. Most of the Latin… Read More

UK-based Fintech Zeux Introduces Savings-like Account Offering 5% Interest Rate, Supports BTC and ETH

UK-based Fintech Zeux has introduced a safe, Easy Access Money Pot, which is a mobile-based platform that awards app users 5% interest (at the annual equivalent rate or AER). The Easy Access Money Pot, which aims to be an alternative to traditional savings accounts, has… Read More

SeedInvest: NowRx Becomes “Most Raised Live Deal” After Topping $4 million

Launched last fall on SeedInvest, NowRx has recently topped $4 million. The Reg A+ offering is said to have secured the spot as “most raised live deal on SeedInvest.” Crowdfund Insider covered the NowRX crowdfunding round last October. At that time, it was reported that… Read More

Open Banking Platform Tink Secures €90 Million Through Latest Investment Round to Support European Expansion

Tink, a Sweden-based fintech that provides APIs to create next-generation banking services, announced on Monday it secured €90 million through its latest investment round, which was co-led by Dawn Capital, HMI Capital, and Insight Partners. The latest funding comes less than a year after Tink… Read More

RegTech ComplyAdvantage Appoints OANDA Veteran Vasta Narasimha As New COO & CFO

Regtech company ComplyAdvantage announced on Monday it has appointed former President and CEO of online foreign exchange trading platform OANDA Global Corporation (OANDA), Vatsa Narasimha as its new Chief Operating Officer and Chief Financial Officer. ComplyAdvantage reported that prior to OANDA, Narasimha spent nearly ten… Read More

AI SaaS Business FeedStock Raises £2.5 Million Through Latest Investment Round Led By Praetura Ventures

FeedStock, an AI-driven SaaS business that uses the latest natural language processing technologies to enable financial services companies to meet both their compliance requirements and commercial goals, announced on Monday it secured £2.5 million through its latest investment round, which was led by Praetura Ventures… Read More

Update: Digital Bank Tonik Acquires License to Operate in the Philippines

Singapore-headquartered neobank Tonik Financial Pte. Ltd. has reportedly been awarded an operational license from the Bangko Sentral ng Pilipinas (BSP), in order to offer financial services in the Philippines. The license will allow Tonik, via its local division Tonik Digital Bank Inc., to offer a… Read More

Cashaa Launches Crypto Business/Broker Account to Ensure Crypto Businesses & Brokers Are Compliant With FCA New Anti-Money Rules

UK-based next-generation banking platform Cashaa recently announced the launch of its new “Crypto Business/Broker” account. According to Cashaa, the account were created to ensure crypto businesses/brokers are compliant with the FCA’s new rules for anti-money laundering and counter-terrorist finance and Fifth Money Laundering Directive (5AMLD)…. Read More

Singapore Banking Group DBS Launches B2B Payments Solution

Banking group DBS announced on Monday it has launched a new solution to transform cash and paper-based B2B payments and collections landscape for businesses in Singapore. The bank reported its QR-code based solution is powered by DBS RAPID and DBS MAX and addresses Singapore’s aim… Read More

Payroll Service Provider OnPay Secures $6 Million Through Series A Funding Round

OnPay, a U.S.-based payroll service provider for small businesses and accountants, announced on Monday it secured $6 million through its Series A funding round. Founded in 2011, OnPay describes itself as a software company that offers small businesses and accountants payroll, HR and benefits services…. Read More

Global Investments into China’s Fintech Startup Ecosystem Decline by Over 7 Times: Report

The global investments into China’s Fintech startup ecosystem have declined significantly by more than seven times at roughly $4.9 billion last year, after reaching an all-time high of $34 billion in 2018. The investments have dropped considerably for business-to-business (B2B) and business-to-consumer (B2C) Fintech firms… Read More


Hong Kong Fintech Liquefy Appoints Former COO of Turner Sports Matt Hong to Advisory Board

Hong Kong-based fintech Liquefy announced on Monday it has appointed former COO of Turner Sports, Matt Hong, as the inaugural member of its new advisory board. The company reported it will “tap” Hong to bring his experience in the sports industry to advise the fintech… Read More

SEC: Telegram Has Been Using Funds from GRAM Token Sale to Cover 90% of Expenses at Messenger Division

The Citizens Jury Wheel Legal Court Trial Justice Judge Law

In its latest submission in a case against private messaging app provider Telegram, the SEC claims that, Telegram has been using funds raised to develop the TON blockchain to rather cover operating expenses at the messaging business. Telegram raised $1.7 billion USD from 171 purchasers… Read More

Reverse Brexit? Report States Over a Thousand EU Financial Firms to Open Offices in the UK

While much of the discourse surrounding Brexit has focused on the overall impact to the UK’s economy and financial services specifically and how it will undermine the country’s economic prominence, a report out of Bovill today puts a bit of a different spin on things. … Read More

Australian Digital Bank Volt Secures $70 Million in Additional Investments via Series C Round

Volt, one of Australia’s first neobanks to have received a full operational license in the country, has reportedly secured an additional $70 million in investments. Steve Weston, co-founder and CEO at Volt, stated: “The high levels of interest we are receiving from potential banking partners… Read More

UK Payments Platform DNA Payments Announces Acquisition of Zash AB

UK fintech DNA Payments announced on Friday it has officially acquired Zash AB, a Swedish fintech company providing Point of Sale Software and Payments services to over 1000 clients in the UK, across EU, Latin America and Brazil. According to DNA, Zash was founded by… Read More

Applied Data Finance Appoints Capital One & JP Morgan Chase Vet Jimmy Cannon As First President

Applied Data Finance, LLC (ADF), a “technology-enabled lender” and asset manager, recently announced it has appointed Jimmy Cannon as its new/first President. According to ADF, Cannon has extensive senior management experience with a focus on leading organizations through transformational change and delivering P&L improvement, most… Read More

Monzo Now Reporting to Experian

UK-based digital banking group Monzo announced last week it will be now be reporting to Experian. The company revealed that it previously just reported to TransUnion. “Although we’ve started sharing information with Experian, it’ll take a month or two for Monzo to appear on your… Read More

Kadena Announces Launch of Public Chain With Smart Contract Transactions

Kadena, both a public and permissioned blockchain platform, announced last week the full launch of its public blockchain. Kadena claimed that its public blockchain is first to market as a sharded Proof of Work Layer 1 network. “Following the start of genesis mining in October… Read More

Update: Sustainable Transport Solution Magway Surpasses £1 Million in Funding Through Crowdcube Round

Magway, a UK-based startup offers a sustainable transport solution that moves goods through small pipes, has successfully raised more than 1 million through its equity crowdfunding campaign on Crowdcube. The funding round was launched last month, originally seeking 750,000 in funding. It has already attracted… Read More

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