Mohammad Raafi Hossain: CEO at Digital Asset Firm Fasset Explains Why They’re Focused on Southeast Asia

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  We recently connected Mohammad Raafi Hossain, CEO & Co-Founder at Fasset, an international digital asset gateway. Fasset Technologies Limited recently partnered with Mastercard to expand financial services in Indonesia and create opportunities for underserved consumers The announcement follows Fasset’s $22 million Series A from… Read More

 


Future Fintech Labs to Provide Currencycloud Remittance App to Immigrants in the US

Currencycloud, a Fintech firm focused on simplifying business in a multi-currency environment, has partnered with Future FinTech Labs (FTFT Labs) in order to introduce the remittance app Tempo, which provides US-based immigrants a secure and cost-effective way to send funds. Tempo facilitates fund transfers to… Read More

Digital Asset Exchange Aggregator 1inch Integrates with Aurora

The 1inch integration with Aurora offers users access “to faster and cheaper transactions on a number of DEXes.” As noted in an update shared with CI, 1inch is always on the lookout for “promising” collaborations, and they’re now announcing an integration with Aurora. Sergej Kunz,… Read More

Digital Financial Services Provider Remitly to Acquire Rewire

Remitly Global, Inc., (NASDAQ: RELY), a global digital financial services provider for immigrants and their families, announced that it has signed a definitive agreement to acquire Rewire, an Israeli-based financial services platform for migrant workers. Under the terms of the agreement, Remitly will “acquire Rewire… Read More

Regulated FOMO Pay Raises $13 Million to Pursue Digital Solutions Including Crypto

FOMO Pay, a regulated major payment institution based in Singapore, has raised a $13 million Series A round led by Jump Crypto. Other investors in the round include HashKey Capital, Antalpha Ventures, Ab Initio Capital, and Republic Capital. FOMO Pay provides a host of Fintech… Read More

Valereum to Swap Bitcoin Mining Ops for Shares in Vinanz

Valereum plc (AQSE: VLRM), a firm that is in the process of acquiring the Gibraltar Stock Exchange (GSX), has announced that it will sell its Bitcoin mining assets to Vinanz Ltd. in exchange for shares of the firm amount to around 24% ownership. The deal… Read More

Report Says Global Investment in Insurtech Evaporated in 2021. What about 2022?

While so much of Fintech boomed during the height of the COVID health crisis due to lockdowns, social distancing, and a rise in shopping online, Insurtech is one area of Fintech that fortunes sagged, at least according to GlobalData’s numbers. According to their research, in… Read More

Yieldstreet Announces Partnership with Collaborative WIM

Online investment platform Yieldstreet has announced a new partnership with Collaborative WIM. Founded in 2020, Collaborative WIM is a global alliance of CFA Societies, FPA Chapters, and other industry groups seeking to support the development of female leaders. Currently, there are more than 90 organizations… Read More

Digital Currency: Apple Pay on iPhones Tops 75%, About 90% of US Retailers Accept Apple Pay

Apple Pay, one of Apple’s (NASDAQ:AAPL)  Fintech incursions, is now authorized on 75% of iPhones, according to a report in WSJ. Simultaneously, 90% of US retailers accept the form of digital payments. Pointing to research by Loup Ventures, the missive states that in 2016 a… Read More

Vyne Partners with Wix to Provide Open Banking Infrastructure

Vyne, an open banking service provider targeting payments, has announced a partnership with Wix (Nasdaq: WIX) – a website creation provider including for e-commerce sites. The partnership is said to give Wix’s UK based merchants access to Vyne’s open banking payments infrastructure, allowing direct payments… Read More

dWallet Labs Raises $5 Million Seed Round led by Digital Currency Group, Node Capital

dWallet Labs has raised a $5 million seed round led by Digital Currency Group and Node Capital, according to a company statement. Other investors include; Amplify Partners, Lightshift Capital, Liquid2 Ventures, Collider Ventures, Lemnsicap, Heroic Ventures, Impatient Ventures, Zero Knowledge, Dispersion Capital, Token Bay Capital,… Read More


Revolut Introduces Improved Fintech App for Younger Consumers

Revolut, the global financial super app with more than 20 million customers worldwide, has “rebranded its service for 6 – 17 year olds.” ‘Revolut <18’ is “an account for young people which is connected to their parent/guardian’s Revolut account, helping young people feel positive and… Read More

eToro to Acquire US Options Trading Platform Gatsby

Social investment platform eToro is expanding its presence in the United States after entering a definitive agreement to acquire options trading platform Gatsby for approximately $50 million. EToro had filed with the US Securities and Exchange Commission (SEC) for regulatory clearance back in December 2021…. Read More

Wirex Adds SEPA Payments, Plans Plaid Roll-Out

Wirex, a payments and crypto service, has added SEPA (Single Euro Payments Area) Instant and Faster Payments for UK and EEA customers to transfer British Pounds and Euros between their Wirex and bank accounts. Wirex has partnered with digital payment infrastructure provider, Modulr, to introduce… Read More

Bank of London Welcomes Economy Minister to its Northern Ireland Office

The Bank of London, which claims to be the first purpose-built global clearing, agency, and transaction bank, welcomed Economy Minister Gordon Lyons MLA “to mark the opening of its new Northern Ireland Headquarters, based in the landmark Soloist office at Lanyon Place in Belfast.” During… Read More

Crypto.com Obtains Registration Approval as Crypto-Asset Business from UK FCA

Crypto.com, which claims to be the “fastest-growing” cryptocurrency platform, announced that it has received regulatory approval from the Financial Conduct Authority (FCA) in the United Kingdom (UK) as “a crypto-asset business.” This registration will “enable Crypto.com to offer a suite of products and services to… Read More

Paysafe’s viafintech Teams Up with Pecunpay for Cash Deposits, Withdrawals

viafintech GmbH, part of the leading specialized payments platform, Paysafe (NYSE: PSFE), recently announced a partnership with Pecunpay “to launch a new cash deposit and withdrawal network in Spain.” Pecunpay, a brand from e-money institution Pecunia Cards EDE, “specializes in innovative e-payment and e-money processing… Read More

Fintech SmilePay Introduces Face Payments in Azerbaijan

Azerbaijan-headquartered SmilePay has reportedly entered agreements with two large food retailers in the nation in order to allow consumers to purchase their groceries using their faces. SmilePay has acquired an investment from the largest acquirer bank in Azerbaijan, Pasha, and entered deals with the Bravo… Read More

UK Fintech Modulr Teams Up with Nebeus, the European Crypto Payments App

Nebeus, the European cryptocurrency app, has announced a partnership with Modulr, the embedded payments platform, “to augment its offering with accounts, real-time payments and Visa cards.” This move makes Nebeus one of the first European companies “to leverage Modulr’s one-stop card issuing solution across the… Read More

Wealth Management Platform Scalable Capital Doubles Customer Assets to €10B

Digital wealth management platform and broker Scalable Capital has reportedly doubled customer assets during the last 12 months to hit a high water mark of €10 billion in assets under management. The firm, which moved into cryptocurrency trading in December 2021, now claims over 600,000… Read More

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