Kathryn Petralia, Co-Founder of Kabbage Discusses Amex Acquisition: “We are coming from a position of strength”

Top Story

In mid-2020, Kabbage, one of the best-known online lenders for SMEs in the US, was acquired by American Express (NYSE:AXP). At that time, co-founders Rob Frohwein and Kathryn Petralia said this was their first time sitting in the seat of the entrepreneurs selling a company… Read More

Acting Comptroller of the Currency Michael Hsu Comments on Digital Asset Innovation, Compares Crypto to 2008 Financial Crisis

“Fools Gold.” Acting Comptroller of the Currency Michael Hsu has slammed the emerging digital asset sector as “Fool’s Gold” comparing it to the unfortunate events that led up to the 2008 financial crisis. In a speech delivered at the Blockchain Association, Hsu stated: “I have… Read More

Digital Asset, a Software Firm Building Interconnected Networks, to Conduct Hackathon

Digital Asset, a software and services provider that assists enterprises with building economic value via interconnected networks, has unveiled a 6-week online hackathon, which will be hosted in partnership with SE2, which is a life and annuities insurance tech and services provider. As noted in… Read More

DeFi, Smart Contracts for Bitcoin: Motion Proposal to Integrate BTC Network With the Internet Computer Approved by Community

A motion proposal to integrate Bitcoin (BTC) with the Internet Computer has reportedly been approved by community members. According to an update shared with Crowdfund Insider, the plan should add smart contracts to Bitcoin via an application of Chain Key cryptography that will “directly integrate… Read More

US Department of Treasury Targets Crypto Exchange for Facilitating Ransomware, Laundering

Ransomware attacks have become quite prevalent with nefarious actors targeting domestic firms, frequently demanding ransom in crypto. Today, the US Department of Treasury has announced a group of actions designed to mitigate ransomware activity including designating crypto exchange SUEX OTC as a “complicit financial service”… Read More

SEC Small Business Committee Schedules Meeting, Will Tackle Private Company Investing as Well as IPOs

The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee will meet on Monday, September 27. The Committee was created by Congress to support the Commission with advice and recommendations on rules, regulations, and policy matters relating to small businesses, which have been ignored… Read More

MarketFinance Raises £280 Million in Debt and Equity, Approved for Flex Loans

MarketFinance, a top online lender based in the UK, has announced a £280 million debt and equity funding while simultaneously announcing its accreditation under the Recovery Loan Scheme (RLS). MarketFinance was previously approved as a lender under the Coronavirus Business Interruption Loan Scheme (CBILS) having… Read More

NFTs: Taker Protocol Secures $3M to Improve Non-Fungible Token Liquidity and Utilization

Taker Protocol, a cryptocurrency liquidity protocol for NFTs, has secured $3 million in capital from several investors in order to develop financial primitives for the nascent non-fungible token sector. Taker Protocol‘s investment round has been led by Electric Capital, with DCG, Ascentive Assets, Dragonfly Capital,… Read More

Robo.cash Tops €300 Million in Funded Loans

Robo.cash has shared that during the month of September the platform surpassed  €300 million in total funded loans. According to the company, September has also recorded another achievement as it topped 19,000 investors. Sergey Sedov, CEO of Robocash Group, issued the following statement: “The platform… Read More

Radar Payments Now Offers Stand Alone Product for Tipping

Radar Payments has launched a standalone service for tipping and gratuity, according to a release. Radar Payments is a payment processing provider supporting financial institutions, including payment service providers (PSPs), banks, acquirers, issuers, and Fintechs. Banks may use the Tippay as a standalone app available… Read More

Insurtech bolttech Finalizes $210M Series A Round led by Activant Capital Group

bolttech, one of the fastest-growing global Insurtech unicorns, reveals that it has completed an extension of its $180 million series A round that was led by Activant Capital Group, bringing the series total to $210 million. As mentioned in a release, this is the largest… Read More



Social Trading and Digital Investment Platform eToro Appoints Michael Plasznik to Board of Directors

eToro Group Ltd, a multi-asset investment platform that aims to empower individuals to grow their knowledge and wealth, reveals that it has appointed Michael Ptasznik to its Board of Directors. As mentioned in a release, Michael will be joining the eToro Board at “the closing… Read More

Bitcoin (BTC) Improvement Proposals Schnorr Signatures, Taproot, Tapscript Ready for November 2021 Launch: Report

Digital assets firm Kraken notes that one of Bitcoin’s (BTC) biggest and most significant upgrades of all time is “just around the corner.” However, Kraken also mentions that very few people really understand its “potential impact.” Kraken Intelligence’s most recent report, titled “Taproot Primer: An… Read More

Payments Firm Recharge Raises $35 million Series B

Dutch Fintech Recharge has raised $35 million in Series B funding led by new investor SmartFin and existing investors Prime Ventures and Kreos Capital. According to a release, the new investment is one of the largest in a Dutch startup this year. Recharge says that… Read More

UK Fintech Payhawk Adds Apple Pay to Enable Seamless, Contactless Digital Transactions

Payhawk, the platform that brings together expense, payment and invoice management in one solution, reveals that it’s offering its clients Apple Pay, which is considered a safer, more secure and private way to make payments. As reported by Finextra, this option should assist clients with… Read More

Two Successful Fintechs Partner: Marqeta Powers Figure Pay + BNPL

Marqeta (NASDAQ: MQ), a top Fintech that powers modern card services, has announced a partnership with Figure, a Fintech that leverages blockchain technology, to launch Figure Pay, a digital money app. According to a release, Figure Pay is now available in 26 different states and… Read More

Profitable Fintech Wiserfunding Raises £3 Million

Wiserfunding, a UK provider of credit risk assessment for SME lenders, has secured £3 million investment from BGF – the UK and Ireland’s most active growth capital investor. According to Wiserfunding the funding will be used to boost the international expansion of its services. The… Read More

Saudi Digital Payments Fintech CashIn Secures $1.6M via Seed Round led by Mine, BIM Ventures, Others

Saudi Arabia-headquartered virtual payment and point-of-sale (POS) solutions provider CashIn has reportedly acquired SAR 6 million (appr. $1.6 million) in capital through a seed round. CashIn’s investment round has been led by investor Mine. Saudi venture capital firm BIM Ventures also took part in the… Read More

StartEngine’s Security Offering Tops $7.3 Million

StartEngine’s self-crowdfunding round is cruising towards its goal of raising $55 million. Launched at the end of August, StartEngine has now raised $7.324 million backed by over 4200 individual investors. StartEngine is utilizing the Reg A+ securities exemption, a process that allows the company to… Read More

China’s XTransfer, a Cross-Border Financial and Risk Management Service Provider, Secures $138M via Series D

China’s XTransfer, an established one-stop cross-border financial and risk management solution provider, has secured $138 million in capital via its Series D round. XTransfer‘s investment round was led by D1 Capital Partners, along with existing shareholders also making contributions. XTransfer will be using the funds… Read More

Razorpay Becomes First Indian Payment Platform to Introduce Address Verification System for Cross-Border Transfers

With the rising “digital influence” on consumers throughout the world, online portals as a preferred channel for trade are undergoing significant growth. There’s also an increasing trend of India’s businesses “going global,” according to Indian Fintech Razorpay. The company shared data which reveals that merchandise… Read More

Send this to a friend