August 9, 2022 @ 11:04 pm By Omar Faridi  |  

Clara, the Latin American tech startup that offers an end-to-end corporate spend management solution for companies in the region, has announced an “approved” financing round from Goldman Sachs for “an initial $50 million with the option to upsize to $150 million.” The facility will “allow… Read More

August 9, 2022 @ 10:37 pm By Omar Faridi  |  

Open document and data platform specialist Legado has acquired the consumer and B2B bill management tech from WonderBill. Launched in 2016, London-based WonderBill “allowed consumers to manage all their household bills and subscriptions.” The company was “backed by Shell Ventures, Shell’s corporate venture capital arm.”… Read More

August 9, 2022 @ 10:03 pm By Omar Faridi  |  

Crypto.com, which claims to be the world’s “fastest-growing” cryptocurrency platform, announced that it has secured Electronic Financial Transaction Act and Virtual Asset Service Provider registration by “acquiring payment service provider ‘PnLink Co., Ltd.’ and virtual asset service provider ‘OK-BIT Co., Ltd.’.” Kris Marszalek, Co-Founder and… Read More

August 9, 2022 @ 9:38 pm By Omar Faridi  |  

Geopagos, the payment acceptance infrastructure that claims to have the most “comprehensive” omnichannel offering in LatAm, recently revealed that it has acquired $35 million in equity funding via a round led by Riverwood Capital, an international investor in high-growth tech firms, along with contributions from… Read More

August 9, 2022 @ 9:35 pm By Omar Faridi  |  

Neobanks are starting to really shake up the Fintech sector with their latest technologies and  business models. Sometimes called “challenger banks,” neobanks are basically Fintechs that provide financial services in an all-digital environment and/or through a mobile app, without needing physical branch locations. During the… Read More

August 9, 2022 @ 5:32 pm By JD Alois  |  

Coinbase (NASDAQ:COIN), the first and only publicly traded crypto exchange in the US, has announced its Q2  2022 financial results, which delivered a decline in both the top and bottom line. Shares in after-hours trading declined by over 4% in an overall down market day…. Read More

August 9, 2022 @ 4:25 pm By JD Alois  |  

On August 2nd, 2022, the SEC’s Small Business Capital Formation Advisory Committee (SBCFAC) met to discuss secondary trading of crowdfunded securities. While most industry insiders believe that providing liquidity via a trading platform for private securities issued under certain exemptions makes a lot of sense,… Read More

August 9, 2022 @ 1:21 pm By Omar Faridi  |  

Aqua Global has been offering financial messaging solutions for more than 35 years, specializing in straight through processing for payments along with treasury and securities processing. Aqua’s newest suite Aquila has evolved from the successes/progress of its e2gen suite, but unlike e2gen, which was mainly… Read More

August 9, 2022 @ 12:09 pm By JD Alois  |  

Fortress Blockchain Technology has raised a $22.5 million seed round to pursue its vision for B2B infrastructure for Web3. Fortress Blockchain was founded by Scott Purcell, the individual who founded the successful custody and infrastructure Fintech – Prime Trust. The funding was led by Ayon… Read More

August 9, 2022 @ 11:48 am By JD Alois  |  

Starting next month, Dealmaker, an online investment platform, will seek to engage investors in the US and Canada to back firms raising capital that are based in the UK. Dealmaker claims that it is the “only platform now built for international capital market raises.” UK… Read More

August 9, 2022 @ 10:45 am By JD Alois  |  

Criticism from various corners of the political ring continues to lament the passing of the Inflation Reduction Act – legislation that even supporters are describing as a climate bill and not doing much to mitigate inflation. SBE Council President & CEO Karen Kerrigan has issued… Read More

August 9, 2022 @ 10:14 am By JD Alois  |  

Gregory Dwyer, a former head of business development at BitMEX, has pleaded guilty to a single charge of violating the Bank Secrecy Act, according to a report in WSJ.com. Dwyer was one of BitMEX’s first employees during a period of rapid growth for the crypto… Read More

August 9, 2022 @ 9:27 am By Omar Faridi  |  

Capify, the specialist SME lender, recently introduced a £40 million fund for UK-based small businesses in order to help with maintaining operations through challenging conditions. The fund has been established in response to growing concerns regarding access to finance from traditional lending platforms and the… Read More

August 9, 2022 @ 9:12 am By Omar Faridi  |  

ACI Worldwide (NASDAQ: ACIW), which claims to be the global leader in mission-critical, real-time payments software, recently announced an agreement with Japan’s central domestic payment network, Japan Card Network, Inc, CARDNET, in order “to modernize its digital payments infrastructure.” The agreement will “see ACI work… Read More

August 9, 2022 @ 8:44 am By Omar Faridi  |  

Old Street Digital (OSD) recently revealed that it has finalized a $2.8 million seed round that has reportedly been led by Draper Associates. OSD is focused on developing an institutional fund manager bringing the very best of active, fundamental research-driven portfolio management to crypto-assets. The… Read More

August 9, 2022 @ 8:38 am By Omar Faridi  |  

CIBC (TSX: CM) (NYSE: CM) recently entered a data access agreement with MX in order to improve the CIBC client experience via secure data sharing, offering customers a safe and intuitive way to share their financial details. The partnership with MX is indicative of CIBC’s… Read More

August 9, 2022 @ 7:08 am By Omar Faridi  |  

CubiCasa, a real estate software firm with head offices in Oulu, Finland, will now be providing a free floor plan option for its mobile floor plan scanning technology in the United States, “available on the App Store and Google Play Store.” Thanks to recent advances… Read More

August 9, 2022 @ 1:27 am By Omar Faridi  |  

Jarvo, which provides remote teams access to local workspaces in other people’s homes, has secured 179% (£359,332  ) of its £200,002 target from 313 investors (at the time of writing) through its crowdfunding campaign carried out via Seedrs (with 25 days left in the sale)…. Read More

August 9, 2022 @ 12:32 am By Omar Faridi  |  

PeerBerry’s business partner – real estate developer SIB Group – has successfully “closed the residential building project Mo Garden in Vilnius,” the capital of Lithuania. The real estate loan of EUR 1 million, “plus an interest rate of EUR 105 438 (total amount of EUR… Read More