Omar Faridi

B2B AR Automation Fintech Billtrust Surpasses $100B in Payments Volume

Billtrust, a B2B accounts receivable (AR) automation and digital payments Fintech, surpassed $100 billion in payments volume in 2022, a 35% year-over-year increase and a first for the company. In addition, with CFOs and finance leaders seeking to bolster their financial resilience amid an economic… Read More

Ethereum (ETH) Tools for Web3 Deployed by Electi Consulting, VeChain

Vechain explains that it is dedicated to building the optimal real-world-ready blockchain environment and “enabling full-scale adoption of web3 technologies.” Their Web3-as-a-service platform, VORJ, “offers builders one of the most versatile blockchain tool suites on the market, and caters for users with little-to-no experience building… Read More

Supply Chain Finance Firm Finverity Finalizes $5M in Equity Funding as Revenues Grow Steadily

Finverity, the digital ecosystem for trade and supply chain finance, announces it has raised $5 million in an equity funding round from new and current investors. New investors reportedly “include London-based Fintech specialist Outward, Amsterdam-based Acrobator Ventures and US-based s16vc founders fund with follow-on investments… Read More

Insurtech bolttech, Tune Protect to Offer Device Protection Solutions

bolttech, the international insurtech, and Tune Protect Group, the region’s digital lifestyle insurer, have announced a partnership “to launch a new generation of device protection solutions and support services in Malaysia.” Tune Protect Malaysia, the Malaysian General Insurance arm of the Group, is the exclusive… Read More

Archax, an FCA-Regulated Digital Asset Exchange, Introducs Real-World Asset Tokenization Engine

Archax, the FCA-regulated digital asset exchange, broker, and custodian, today announced the launch of its tokenisation engine – “enabling the creation of tokens backed by any regulated or unregulated real-world or traditional asset.” Leveraging the benefits of Web 3.0 and blockchain technology, this new service… Read More

French Cybersecurity Firm Sesame it Secures €10M to Enhance Operations with Critical National Infrastructures Across Europe

In just a year since it launched its Jizô Network Detection & Response (NDR) solution, French cybersecurity company Sesame it reveals that it “has achieved profitability and plans to accelerate European development thanks to a €10 million fundraising.” Sesame it, which claims to be one… Read More

Income Data Provider Pinwheel Joins Visa Fintech Partner Connect Program

Pinwheel, the provider of income and employment data provider engineered for fintech innovation, joined the Visa Fintech Partner Connect program. Visa Fintech Partner Connect participants “are Visa Ready certified by Visa and trusted by the global payments ecosystem to help technology companies build and launch… Read More

Finance Solution Provider Kyriba, U.S. Bank Support Real-Time Payment Enablement for Businesses

Kyriba, a global firm focused on cloud-based finance solutions, and U.S. Bank announced that they are working together “to ease the process of enabling real-time payments for businesses.” With new API-powered payment connectors, clients of both U.S. Bank and Kyriba can now easily “send instant… Read More

Embedded Banking Firm Treasury Prime, Cable to Provide Automated Financial Crime Compliance Monitoring Offerings

Treasury Prime, an embedded banking software platform, announced a partnership with Cable, an all-in-one financial crime compliance effectiveness testing platform, “to enhance compliance assurance and testing capabilities for Treasury Prime customers.” Through this partnership with Cable, companies and banks working with Treasury Prime “can access… Read More

Fintech Paymentology, Wio Bank PJSC to Streamline Banking Operations Across the UAE

Paymentology, the global issuer-processor, has joined forces with Wio Bank PJSC, the region’s first platform bank, “to power its innovative banking model with customer-centric card payment services.” Wio Bank PJSC is leveraging Paymentology’s in-cloud card issuing platform and data analytics capabilities “to launch financial products… Read More

Alipay Platform Pledges $1.45B in Incentives to Support Service Provider Partners

The Alipay platform announced an incentive plan worth 10 billion RMB (approximately 1.45 billion USD) to further support its service provider partners (ISVs). The ISVs are independent software vendors that “utilize Alipay’s digital capabilities to create solutions for merchants, such as mobile food ordering, digital… Read More

Digital Assets: Genesis Expands Custodial Tri-Party Solution with Assistance from BitGo Custody

GGC International Limited (Genesis), a digital asset trading firm, is proud to announce its collaboration with BitGo Trust, a key player focused on digital asset custody, to provide a tri-party solution for its institutional clients. This joint effort will “allow Genesis to continue delivering superior… Read More

Digital Asset Firm Bitso Reportedly Facilitated $3.3B+ in Institutional Crypto Transfers Between Mexico and US Last Year

Bitso, the cryptocurrency-powered financial services company in Latin America, surpassed more than $3.3 billion in transactions between the United States and Mexico in 2022 through its Crypto 4 Business service, “mainly used by remittance and payment processors.” This volume is triple the amount “processed by… Read More

Rising Cost of Living Is Leading to Collaborative Growth Opportunities for SMBs, Freelancers, Survey Reveals

New research from Payoneer (NASDAQ: PAYO) shows almost half (46%) of surveyed freelancers around the world “have seen an increase in demand for their work from global businesses compared to 2021, and over half (55%) have taken on more work in response to the rising… Read More

CBDCs: Japan Appoints Panel to Determine Feasibility of Issuing a Virtual Yen

Japan’s Finance Ministry is reportedly planning to appoint a panel of experts this coming month in order to determine the feasibility of issuing a digital yen. This, according to a report  from NHK. The ministry’s panel in Japan will be going over how to establish… Read More

Digital Lending Platform Presta Raises $3.3M via Round Led by Distributed Ventures

Presta, an end-to-end digital lending platform that modernizes and accelerates the loan origination process, announced its launch after raising $3.3 million in oversubscribed pre-seed fundraise. Led by Distributed Ventures with additional investment from Zeal Capital Partners, Matchstick Ventures, The Fund, Tech Stars, and Jumpstart Ventures,… Read More

UK SMEs Forced to Borrow or Raise Nearly £50K to Survive Inflationary Crisis: Report

Nucleus Commercial Finance research highlights the scale of the challenge facing UK SMEs: 65% of SMEs are finding the current cost-of-living crisis is proving more of a burden on their business than the pandemic lockdowns Just 33% believe the cost-of-living crisis is proving less of… Read More

Former FTX CEO Sam Bankman-Fried Expected to Plead Not Guilty to China Bribery Charges

Indicted FTX crypto exchange founder Sam Bankman-Fried (SBF) is reportedly expected to plead not guilty this Thursday to the latest US criminal charges. These new charges include allegedy conspiring to violate campaign finance guidelines and even attempting to bribe Chinese officials. As first reported by… Read More

European Union Smart Contract Regulatory Guidelines Released in Council’s Data Act Draft

Smart contracts will reportedly have to include a “kill switch” under an update of the European Union’s (EU) Data Act which was recently released by the bloc’s member states on Monday (March 27, 2023). The European Union’s Council, which is focused on representing national governments,… Read More

Major UK SME Concerns in 2023 Revealed in Report Released by European Fintech iwoca

As Chancellor Jeremy Hunt announced measures intended to lift the UK economy in the Spring Budget, data from iwoca highlights what small businesses “were most worried about as they entered 2023.” Small business lender iwoca’s latest SME Expert Index data – based on UK finance… Read More

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