April 24, 2024 @ 11:40 pm By Omar Faridi  |  

Funding Societies, the unified SME (small and medium enterprises) digital finance platform in Southeast Asia, announced a partnership with Singapore E-Business (SGeBIZ) – a digital procurement, payment and sourcing platform provider – to bring B2B (business-to-business) embedded finance (EmFi) solutions to businesses in Singapore, that… Read More

April 24, 2024 @ 11:25 pm By Omar Faridi  |  

To accelerate its growth in the United States and its presence in the fast-expanding online gaming market, Thunes, a global cross-border payments company, is proud to announce that it signed a definitive agreement to acquire Tilia LLC, an all-in-one payments platform. Tilia is licensed in… Read More

April 24, 2024 @ 10:22 pm By Omar Faridi  |  

iLex, the loan distribution platform, announced today the appointment of Sean Tai as Head of Business Development. Sean will lead the development, commercialization and “adoption of the iLex loan distribution platform globally and reinforce the iLex executive team in delivering its ambitious roadmap.” Based in… Read More

April 24, 2024 @ 5:43 pm By Omar Faridi  |  

The team at Upflow is pleased to announce that we’ve secured $5 million in new funding to bring Payments by Upflow to market. This Series A extension will help them “bring the best of consumer e-commerce to B2B payments.” Designed specifically for B2B businesses, Payments… Read More

April 24, 2024 @ 4:42 pm By Omar Faridi  |  

Xero, the global small business platform, released its latest Xero Small Business Insights (XSBI) quarterly update for Canada, based on data from October to December 2023. The data showed that Canada’s small business sales decline “may be levelling off, which is an encouraging signal for… Read More

April 24, 2024 @ 4:38 pm By Omar Faridi  |  

US regulatory authorities are requesting that Terraform Labs and its co-founder Do Kwon be fined $5.3 billion for allegedly defrauding investors. This update has been announced after the two parties had been found liable for a massive fraudulent scheme. As stated in court papers dated… Read More

April 24, 2024 @ 12:24 pm By Omar Faridi  |  

We recently connected with Jonathan Chang, the COO of Nibiru, the new Layer-1 chain co-founded by veterans from Google, Tendermint, and JP Morgan. In addition to a throughput-optimized infrastructure with a comprehensive developer toolkit suite, Nibiru provides an open, permissionless version of interconnected CEX-style applications,… Read More

April 24, 2024 @ 11:26 am By Omar Faridi  |  

Figure Technology Solutions, provider of a scaled technology platform built to enhance efficiency and transparency in financial services, announced the appointment of Michael Tannenbaum as Chief Executive Officer and a member of the Board of Directors, effective immediately. In conjunction with the appointment, Mike Cagney,… Read More

April 24, 2024 @ 8:53 am By Omar Faridi  |  

Archax, the FCA-regulated digital asset exchange, broker, and custodian, announced that it is expanding the range of fund shares it offers in tokenized form with the provision of the BlackRock ICS US Treasury money market fund1 (MMF). This builds on its launch of tokenized access… Read More

April 24, 2024 @ 8:51 am By Omar Faridi  |  

Continuing the expansion on Bitcoin after the partnership with Ordify, Umbrella Network says it is pleased to announce a new partnership with Rootstock. Rootstock (RSK) is said to be the “longest running” Bitcoin Sidechain, designed to extend Bitcoin’s capabilities “by enabling smart contracts, higher transaction… Read More

April 24, 2024 @ 8:23 am By Omar Faridi  |  

UK Finance, in association with law firm Addleshaw Goddard LLP, is announcing a report on the use of model clauses to support the development of the Variable Recurring Payments (VRPs) for commercial applications in the UK. VRPs are a form of payments instruction that “allows… Read More

April 24, 2024 @ 8:19 am By Omar Faridi  |  

The United States Department of Justice is reportedly seeking a 36-month prison sentence for Binance founder and former CEO Changpeng Zhao, or “CZ.” US prosecutors are said to be seeking a potential 3-year prison sentence for Changpeng Zhao, who is the founder Binance, the world’s… Read More

April 23, 2024 @ 11:38 pm By Omar Faridi  |  

GoCardless, the bank payment company, has expanded its partnership with Intuit QuickBooks, a financial management software, with two new launches. The fintech has now introduced a GoCardless app in the Intuit Quickbooks Marketplace in Australia and the United States, “enabling more than 225,000 QuickBooks users… Read More

April 23, 2024 @ 10:40 pm By Omar Faridi  |  

Trustly announces a pledge to boost growth for businesses across Europe. In a major move to enhance the checkout experience “for millions of people,” the payments tech firm unveils the new Trustly Growth Guarantee. They are offering clients – current and new – a fresh… Read More

April 23, 2024 @ 9:44 pm By Omar Faridi  |  

VC activity has remained consistent throughout the VC downturn since Q3 2022, “leaving aside the tech giant megadeals that commit upfront funds for future cloud purchases,” according to an update from PitchBook. PitchBook notes in a report that they have “tracked $22.3 billion invested in… Read More

April 23, 2024 @ 9:43 pm By Omar Faridi  |  

According to PensionBee’s latest Pension Confidence Index, Brits feel more positive than negative about their retirement prospects, for the first time in six months. Positive pension sentiment has “surged in the last three months, with the Pension Confidence Indicator soaring to +22 in March 2024.”… Read More

April 23, 2024 @ 9:24 pm By Omar Faridi  |  

Airwallex, a global payments and financial platform for modern businesses, today announced its partnership with Bird (formerly MessageBird), a global communication platform, to power Bird’s international payments operations. Powering Bird’s global payments infrastructure Bird’s platform, applications and APIs help 29,000+ businesses “to streamline conversations and… Read More

April 23, 2024 @ 9:23 pm By Omar Faridi  |  

The KILT team has completed all milestones of the Polkadot Treasury Grant for developing the Decentralized Identity Provider (DIP), and DIP is now ready for use. Using DIP, any chain can become “an identity provider, and any parachain (and, in the future, external chains) can… Read More

April 23, 2024 @ 9:21 pm By Omar Faridi  |  

The future is multichain, according to an update from Uniswap Labs. Over 3M addresses have swapped on multiple chains with Uniswap, the team at Uniswap Labs reveals. As covered, the Uniswap Protocol claims to be the largest decentralized trading and automated market-making protocol on Ethereum… Read More

April 23, 2024 @ 9:18 pm By Omar Faridi  |  

The Securities and Exchange Commission (SEC) in the Philippines has announced that it wants Google and Apple app stores to remove the Binance app. The Securities and Exchange Commission (SEC) in the Southeast Asian country is reportedly working with tech giants Google and Apple for… Read More