June 25, 2021 @ 7:59 am By JD Alois  |  

Gotrade, a trading app, has raised $7 million in a seed funding round led by LocalGlobe with participation from Social Leverage, Y Combinator, Picus Capital, and Raptor Group as well as angels associated with GoCardless (Matt Robinson), Skyscanner (Carlos Gonzalez-Cadenas), Deutsche Bank (Frank Strauss), and… Read More

June 25, 2021 @ 7:36 am By Omar Faridi  |  

Germany-based Fintech firms Raisin and Deposit Solutions have reportedly decided to merge their operations in order to establish a new company in the business-to-consumer or B2C savings sector. Deposit Solutions currently operates deposit marketplaces for more than 150 partners, such as large institutions including Deutsche… Read More

June 25, 2021 @ 7:32 am By Omar Faridi  |  

UK-based ClearScore, a free-of-cost credit scoring service and marketplace, has acquired $200 million in capital from Invus Opportunities. Invus Opportunities, the global equity investor, has committed to a considerable, “long term investment” in ClearScore, the UK’s leading credit marketplace, according to a release. The funds… Read More

June 25, 2021 @ 7:30 am By Omar Faridi  |  

The team at Security Token Market (STM), which is focused on supporting the fast-evolving blockchain-based security tokens sector, has released their monthly market report from May 2021. Published on June 24, 2021, the report from STM notes that they’ve provided a truncated market report which… Read More

June 25, 2021 @ 1:08 am By Omar Faridi  |  

After an extensive and thorough selection process, Hometrack, an established provider of insight and intelligence to the United Kingdom’s mortgage sector, has decided to work with Moneyhub, an Open Finance data, intelligence, and payments service for customer-focused firms. Moneyhub will be serving as Hometrack’s preferred… Read More

June 24, 2021 @ 11:45 pm By Omar Faridi  |  

The Saudi cabinet has reportedly granted a digital banking permit to STC Pay, a virtual payments solution provider that’s a wholly owned subsidiary of Saudi Telecom. STC Pay will now be converted into a domestic virtual bank, with a capital of SAR 2.5 billion (appr…. Read More

June 24, 2021 @ 11:06 pm By Omar Faridi  |  

Hg Exchange (HGX), a private securities exchange established by a group of capital market intermediaries, reveals that it has graduated from the Monetary Authority of Singapore (MAS) Fintech Regulatory Sandbox with a Recognized Market Operator (RMO) license. With its RMO permit, HGX may now serve… Read More

June 24, 2021 @ 10:14 pm By Tony Zerucha  |  

Coinbase Pro has added three new cryptocurrencies to its roster. An Ethereum token, BarnBridge’s BOND token governs its protocol which helps users hedge against DeFi yield sensitivity and price volatility. Its SMART Yield application let users select different risk profiles for lending on different DeFi… Read More

June 24, 2021 @ 10:05 pm By Omar Faridi  |  

Financial institutions will now be able to give consumers the option to purchase, sell and hold Bitcoin via their bank accounts – which will be enabled through an integration between Fiserv, Inc. (NASDAQ: FISV), a provider of payments and financial services tech solutions, and NYDIG,… Read More

June 24, 2021 @ 9:33 pm By Tony Zerucha  |  

While recent levels of investment in the most attractive tech sectors are impressive, you ain’t seen nothing yet. According to market reports nanotechnology, AI, digital twins, genomics, and other biotech life sciences, which attracted $893 billion of investment last year, will draw $2.44 trillion by… Read More

June 24, 2021 @ 9:10 pm By Omar Faridi  |  

Jack Henry & Associates, Inc. (NASDAQ: JKHY) is an established provider of technology solutions and payment processing services mainly for the financial services sector. Today (June 23, 2021), the company confirmed that Chris King has been appointed Chief Sales and Marketing Officer after the retirement of… Read More

June 24, 2021 @ 9:06 pm By Tony Zerucha  |  

HUP.LIFE and ETHO.Black are joining forces to HUP.LIFE to host NFTs on HUP.MARKET, which is scheduled to debut this December. ETHO.Black’s Etho Protocol is a file system enabling content to be pinned around the world on a blockchain. HUP.LIFE created a marketplace for trading copyright-enabled… Read More

June 24, 2021 @ 5:28 pm By Tony Zerucha  |  

A decision by the Canadian Securities Administration on June 23 to harmonize securities crowdfunding rules could be a huge blessing for Canadian business. On June 23 the Canadian Securities Administrators (CSA) introduced National Instrument 45-110 Start-up Crowdfunding Registration and Prospectus Exemptions.  According to Canadian online… Read More

June 24, 2021 @ 4:35 pm By JD Alois  |  

The True Lender Rule, regulation that impacts Fintech lenders, received some much-needed clarification last year from the Office of the Comptroller of the Currency. Now there has been a change of administration, the arcane rule may reverse the progress made from the prior administration. Today,… Read More

June 24, 2021 @ 4:08 pm By Tony Zerucha  |  

Bitcoin and Ethereum have both bounced back somewhat after dropping below crucial support levels earlier this week, a sales trader at UK-based digital asset broker GlobalBlock said. Alexandra Clark said it is believed Bitcoin’s drop is partially due to a mining shift in China resulting… Read More

June 24, 2021 @ 4:04 pm By Tony Zerucha  |  

Consumer software platform Atom Finance this week announced a $28 million Series B funding round led by the SoftBank Latin America Fund with participation from existing investors General Catalyst and Base Partners. The funding will be directed to partnership and subscriber growth, staffing, and opening… Read More

June 24, 2021 @ 2:49 pm By JD Alois  |  

Sorbet has announced a $21 million seed round – said to be the largest seed round ever for a Fintech in Israel. Sorbet said that funding of $6 million was announced in April and the round was subsequently extended garnering the additional $15 million. Simultaneously,… Read More

June 24, 2021 @ 2:12 pm By JD Alois  |  

Wirex, a digital payments platform, says it will pay people up to 16% on their crypto and fiat funds. Wirex made the claim in a release announcing the launch of its new service “X-Accounts” created in partnership with Fireblocks. While the 16% promotion is pretty… Read More

June 24, 2021 @ 11:39 am By JD Alois  |  

Wahed Inc., an Islamic Fintech firm, has announced the appointment of Umer Suleman as General Manager of UK operations. According to a note from the company, his responsibilities will include overseeing Wahed Invest’s growth strategy and solidifying the firm’s position as a top provider of… Read More

June 24, 2021 @ 11:30 am By JD Alois  |  

Lessen, a marketplace that connects property owners to a network of vetted professionals for renovation, maintenance, and other services, has announced that it has closed a $35 million Series A funding round. According to Lessen, the funding is being led by Fifth Wall, a VC… Read More