December 26, 2024 @ 8:21 am By Michael Wong  |  

Allo.xyz, a platform specializing in real-world asset (RWA) tokenization and lending, has secured a landmark $100 million Bitcoin-backed credit facility, further expanding its footprint in the burgeoning crypto lending market. The financing round, facilitated by a consortium of lenders that includes Greengage and a long-standing… Read More

December 24, 2024 @ 5:34 pm By Michael Wong  |  

German fintech company Cleversoft has entered discussions to acquire Istanbul-based Fineksus, a move aimed at expanding its global service network. The Munich-headquartered firm specializes in financial asset management platforms and systems for fraud prevention. Founded in 2004 by Florian Clever, Cleversoft has grown into a… Read More

December 24, 2024 @ 5:26 pm By Michael Wong  |  

Brooklyn Artificial Intelligence Research (Brooklyn) has finalized a strategic funding round led by Atypical Ventures, with backing from S&P Global Ventures, the CEO of the Hantz Group, and several asset and wealth management executives, according to an announcement. The company plans to use this new… Read More

December 23, 2024 @ 10:09 pm By Michael Wong  |  

The Philippine Securities and Exchange Commission (SEC) has introduced extensive rules governing crypto-assets, covering disclosures, public offerings, trading, and marketing activities. The regulations aim to enhance investor protection and promote transparency in the burgeoning digital asset market. Under the new guidelines, crypto-asset offerings must submit… Read More

December 23, 2024 @ 9:15 pm By Michael Wong  |  

Malaysia retained its position as Southeast Asia’s top data center hub in 2024, attracting $23 billion in investments and solidifying its status as a leading digital hub, Knight Frank said Monday. The global property consultant, in its Data Centre Research Report 2024, noted Malaysia ranked… Read More

December 23, 2024 @ 4:00 pm By Michael Wong  |  

Crypto casino platform Winna.com has raised $15 million in a seed funding round, according to Crunchbase. The funds will fuel the platform’s growth and expansion, aiming to revolutionize online gambling through crypto. Since its launch in mid-2024, Winna.com has attracted over 10,000 active players, signaling… Read More

December 22, 2024 @ 5:22 pm By Michael Wong  |  

Global alternative investment firm Arcapita and financial infrastructure technology provider Dgpays have acquired a majority stake in NEOPAY, a UAE-based financial institution, in a deal valued at $385 million, according to an announcement. Mashreq Bank, NEOPAY’s founding entity, retains a substantial minority stake, signaling its… Read More

December 22, 2024 @ 10:05 am By Michael Wong  |  

Israeli Fintech company Morning is set to be acquired by Italian software firm TeamSystem for an estimated $150 million, according to sources cited by CTech. The sale represents a major milestone for Morning, which is best known for its “Green Invoice” SaaS platform offering invoicing… Read More

December 21, 2024 @ 2:58 pm By Michael Wong  |  

Crypto derivatives platform Binance Futures has introduced the CGPT/USDT Perpetual Contract, highlighting the rising prominence of AI-focused cryptocurrencies in the digital asset landscape. The new offering allows traders to leverage ChainGPT token (CGPT) transactions up to 75x, with USDT as the settlement currency, adding to… Read More

December 21, 2024 @ 6:57 am By Michael Wong  |  

Google has announced new advertising policies for cryptocurrency-related products in the United Kingdom, requiring advertisers to register with the country’s Financial Conduct Authority (FCA) starting January 15, 2025. The update aims to ensure compliance with local regulations amid increased scrutiny of crypto promotions globally. The… Read More

December 21, 2024 @ 6:56 am By Michael Wong  |  

Cybercriminal activity on the dark web surged in 2024, with significant growth in discussions around crypto-drainer malware and advertisements for corporate database breaches, according to Kaspersky’s latest Security Bulletin. The report highlights an evolving cyber threat landscape, with increased interest in malware targeting cryptocurrency wallets… Read More

December 20, 2024 @ 9:41 pm By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA) and the Central Bank of the United Arab Emirates (CBUAE) held their second bilateral meeting, reinforcing cooperation and connectivity between the financial services sectors of the two jurisdictions. Building on the initial bilateral meeting held in Abu Dhabi in… Read More

December 20, 2024 @ 7:45 pm By Michael Wong  |  

The Indian government is set to introduce a comprehensive legislative framework aimed at curbing the rise of illegal lending applications, the New Indian Express reported. The Department of Financial Services under the Ministry of Finance has drafted a bill that imposes severe penalties on individuals… Read More

December 20, 2024 @ 6:46 pm By Michael Wong  |  

Singapore-based insurtech firm bolttech has successfully raised over $100 million in its latest Series C funding round, according to a company statement released on Friday. The funding round was anchored by Dragon Fund, with significant participation from Liquidity and MUFG. Additional investors in the round… Read More

December 20, 2024 @ 1:38 pm By Michael Wong  |  

Singapore-based digital banking firm Tyme Group has successfully raised $250 million in a Series D funding round, elevating the company to unicorn status with a valuation exceeding $1.5 billion. The funding round was led by Brazilian digital banking powerhouse Nubank, which contributed $150 million, while… Read More

December 20, 2024 @ 7:18 am By Michael Wong  |  

TBC Bank Uzbekistan (TBC UZ), the country’s largest digital bank, announced a $37 million equity investment from its majority shareholder, London-listed TBC Bank Group PLC (TBC Group). This capital injection brings TBC UZ’s total equity funding for 2024 to $75 million, establishing a new annual… Read More

December 15, 2024 @ 5:55 pm By Michael Wong  |  

Technology platform and bank Jiko announced closing a $29 million Series C funding round led by Upfront Ventures, with participation from Airbus Ventures, Red River West, Radicle Impact, and other undisclosed investors. The new capital strengthens Jiko’s position in the institutional and enterprise markets as… Read More

December 15, 2024 @ 9:30 am By Michael Wong  |  

Decentralized Bitcoin mining protocol Prosper has acquired over 7,000 ASIC miners from BITMAIN and completed a strategic funding round backed by Metalpha, Waterdrip Capital, BIT Mining, and Animoca Brands, according to an announcement. The acquisitions and funding aim to expand Prosper’s institutional-grade Bitcoin hashrate capacity… Read More

December 14, 2024 @ 11:36 am By Michael Wong  |  

Around 16% of Belgium’s population, or 1.9 million people, do not use online banking, according to a report published on Friday by the non-profit organisation Financité. The report highlights concerns about the impact of bank closures on those who are not digitally connected, particularly the… Read More

December 14, 2024 @ 11:34 am By Michael Wong  |  

TSX-listed Axis Auto Finance Inc. announced the completion of its previously disclosed sale of auto loan assets and related business operations for $78 million. The transaction, initially detailed in October, included adjustments for changes in loan composition and fair market value of inventory since December… Read More