August 13, 2020 @ 3:29 pm By Samantha Hurst  |  

BYP Network, an empowerment platform dedicated to black professionals, is set to close its equity crowdfunding campaign on Seedrs with more than £800,000 secured. The funding round was launched last month and has attracted over 1100 Seedrs investors. As previously reported, BYP Network was founded… Read More

August 13, 2020 @ 3:05 pm By Samantha Hurst  |  

WorldRemit announced on Thursday it has formed partnerships with Mexico-based neobanks albo and Klar. According to Jorge Godinez, Head of LATAM at WorldRemit, the UK based Fintech is considered the first money transfer company to enable transfers to albo and Klar. While speaking about the collaboration… Read More

August 13, 2020 @ 11:00 am By Omar Faridi  |  

Many individuals and businesses across the globe have been forced to make major lifestyle changes, including working from home, due to the contagious COVID-19 outbreak. San Francisco-based Fintech firm Deel, which plans to improve the work from home process by offering an easy-to-use online platform,… Read More

August 13, 2020 @ 9:58 am By Omar Faridi  |  

BBVA-backed Fintech firm Holvi, which provides bank accounts to sole traders and SMBs, is reportedly preparing to exit the UK market only six months after establishing operations inthe country. Holvi’s management noted that Brexit and the COVID-19 outbreak has made it challenging to maintain its… Read More

August 13, 2020 @ 9:52 am By JD Alois  |  

Katipult Technology Corp (TSXV: FUND), a Canada based Fintech software provider for capital markets, has been selected by TSX Trust Company, a subsidiary of TMX Group Limited (the parent company of the Toronto Stock Exchange), to provide its new digital deal management platform designed to automate… Read More

August 13, 2020 @ 9:04 am By Omar Faridi  |  

UK-based Habito, an online mortgage firm, has secured £35 million in capital through a Series C investment round. Habito provides several services that are focused on taking the pain out of buying a new home or property. The company’s services include its own mortgage products,… Read More

August 13, 2020 @ 9:01 am By Omar Faridi  |  

Delta Exchange, a cryptocurrency derivatives trading platform that’s not regulated in any jurisdiction, revealed on August 13, 2020 that it is introducing perpetual swaps for Algorand (ALGO), VeChain (VET), Kava (KAVA), and Synthetix Network Token (SNX). The contracts will allow digital asset investors to trade… Read More

August 13, 2020 @ 8:24 am By Samantha Hurst  |  

ABN AMRO announced on Wednesday plans to discontinue Moneyou activities in the Netherlands and Germany, with the exception of the Moneyou mortgage activities. According to ABN AMRO, Moneyou started in 2001 as an online mortgage label, followed by online savings accounts in 2008. At the… Read More

August 13, 2020 @ 7:58 am By Samantha Hurst  |  

Yapily, a UK-based open banking infrastructure provider, announced on Thursday it has joined forces with American Express to deliver its Pay With Bank Transfer payment initiation service across Europe. According to Yapily, the partnership with allow American Express to reach new markets with its open… Read More

August 12, 2020 @ 11:52 pm By Omar Faridi  |  

China’s virtual yuan (CBDC), which is also referred to as digital currency electronic payment (DCEP), will reportedly be introduced for testing in Hong Kong’s Greater Bay Area within the next few weeks. The Greater Bay Area is a megapolis that includes nine major cities (Guangzhou,… Read More

August 12, 2020 @ 10:56 pm By Omar Faridi  |  

Fintech industry participants in Indonesia have noted that the nation’s residents have been slow when it comes to adopting the latest technologies in the finance sector. This may be due to relatively lower levels of financial literacy in the country, according to researchers and analysts…. Read More

August 12, 2020 @ 10:38 pm By Omar Faridi  |  

TrueMoney, a Southeast Asian Fintech firm, has teamed up with Singapore-based Thunes, a cross-border payment company, in order to expand its remittance services. Through the partnership, TrueMoney customers will be able to accept remittance payments from anywhere in the world via Thunes’ international partner network,… Read More

August 12, 2020 @ 10:16 pm By Omar Faridi  |  

RevFin, a digital lending Fintech startup, has teamed up with EVI Technologies in order to finance E-Rickshaw and E-Two wheelers in India. The funding will also go toward supporting swappable battery solutions offered by EVI Technologies. The initiative will mainly cover Indian states like Delhi-NCR,… Read More

August 12, 2020 @ 10:04 pm By Omar Faridi  |  

Jameson Lopp, the CTO at Casa, a Bitcoin focused security company, notes that since the industrialization of BTC mining began in 2015, there have been concerns regarding the concentration of hashpower within Chinese borders. Hashpower is the computing power needed to secure the Bitcoin network,… Read More

August 12, 2020 @ 9:46 pm By Omar Faridi  |  

The South Korean city of Seongnam is reportedly planning to expand its blockchain or distributed ledger tech (DLT)-enabled payment platform by introducing digital gift certificates. The city’s DLT based payments platform will be accessible via a mobile app, called Chak. The app has been developed… Read More

August 12, 2020 @ 6:18 pm By Omar Faridi  |  

Decentralized or non-custodial crypto exchange (DEX) aggregator 1inch.exchange has reportedly secured $2.8 million in capital via an external investment round that was led by Binance Labs. FTX, Galaxy Digital, Dragonfly Capital, and several other investors also took part in the 1inch’s round. Loi Luu, the… Read More

August 12, 2020 @ 5:06 pm By Omar Faridi  |  

San Francisco based crypto exchange Coinbase recently revealed how batching payments has benefited its customers, and also helped improve its internal operations. In March 2020, Coinbase announced that it had introduced Bitcoin (BTC) transaction batching. The exchange claims: “Since launching, we have batched 100% of… Read More

August 12, 2020 @ 4:36 pm By Omar Faridi  |  

Routable, a Fintech firm that began operations in Seattle, has reportedly come out of stealth mode and confirmed it has secured $12 million in capital through a Series A investment round. Routable’s backers include Y Combinator, Founders’ Co-Op, Lee Fixel, Box Group, Liquid 2 Ventures,… Read More

August 12, 2020 @ 4:16 pm By Samantha Hurst  |  

Robinhood, a modern trading platform that offers both traditional securities as well as crypto, has quietly turned off its stock popularity data feature. The feature allowed anyone to see which companies’ shares were surging in popularity by the masses of traders. Robinhood has been credited,… Read More