August 6, 2020 @ 12:51 am By Omar Faridi  |  

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

August 5, 2020 @ 11:28 pm By Omar Faridi  |  

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

August 5, 2020 @ 11:06 pm By Omar Faridi  |  

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

August 5, 2020 @ 11:01 pm By Omar Faridi  |  

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

August 5, 2020 @ 10:22 pm By Omar Faridi  |  

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

August 5, 2020 @ 9:59 pm By Omar Faridi  |  

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

August 5, 2020 @ 4:08 pm By Samantha Hurst  |  

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

August 5, 2020 @ 3:47 pm By Samantha Hurst  |  

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

August 5, 2020 @ 2:39 pm By Samantha Hurst  |  

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

August 5, 2020 @ 2:08 pm By Samantha Hurst  |  

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

August 5, 2020 @ 1:22 pm By Omar Faridi  |  

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

August 5, 2020 @ 11:51 am By Samantha Hurst  |  

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

August 5, 2020 @ 11:19 am By Samantha Hurst  |  

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

August 5, 2020 @ 10:33 am By JD Alois  |  

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

August 5, 2020 @ 10:22 am By Omar Faridi  |  

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

August 5, 2020 @ 10:10 am By Samantha Hurst  |  

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

August 5, 2020 @ 9:25 am By JD Alois  |  

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

August 5, 2020 @ 9:19 am By Samantha Hurst  |  

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

August 5, 2020 @ 9:00 am By JD Alois  |  

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