Omar Faridi

Payments Platform Stripe Is Reportedly Planning to Raise Additional Funds to Reach $70-$100 Billion Valuation

Fintech firm Stripe is reportedly planning an investment round so that its payment platform and business can be valued significantly higher than the $36 billion valuation it received during its last funding round. According to Bloomberg (which cited sources familiar with the matter), Stripe could… Read More

Online SME Lender October Teams Up with French Firm ENGIE to Develop Engagement Platform for Employees

ENGIE, a French service firm listed on the stock exchange, will be working with online SME lender October to develop an engagement platform based on “the financial participation of employees in internal projects.” According to the October team, the financial platform, i-DEAL, was introduced in… Read More

Digital Asset Exchange Kraken to Donate $150,000 to Brink, an R&D Center for Bitcoin Developers

US-based crypto exchange Kraken has reportedly agreed to donate $150,000 to Brink, which is a research and development (R&D) center that’s focused on educating the “next generation” of Bitcoin developers. Established by Chaincode Labs developer John Newbery and Bitcoin Optech contributor Mike Schmidt, Brink aims… Read More

DeFi Tokens, Altcoins Underperformed as Bitcoin (BTC) Pushed to $19,500, while Ethereum 2.0 Launch Set for December 1: Report

Ahead of the upcoming Ethereum 2.0 upgrade, ETH has been experiencing “significant momentum,” according to a report from OKCoin. The digital asset exchange notes that during the past week, the Ethereum price surged 30% to a high of over $600, but it has corrected sharply… Read More

TransferWise Customers in Indonesia Can Now Send Remittance Payments to 80 Different Countries

Fintech firm TransferWise recently announced that Indonesians and ex-pat workers will now be able to send money from Indonesia to 80 different countries, which includes Australia, Singapore, Japan, US, UK, China (Alipay) — and across Europe as well. TransferWise users are now able to send… Read More

Chainalysis Explains Why Authorities Must Look Beyond Direct Counterparties to Understand Risks Associated with Crypto Addresses

Chainalysis, a leading blockchain research firm, says that the best way to assess or determine the risk of a virtual currency address or group of associated addresses (e.g., like a wallet) is to analyze all the other addresses with which it has conducted transactions. According… Read More

Fintech Firm Sleek Secures $4 Million in Capital to Develop Products for Corporate Services Sector

Fintech firm Sleek has reportedly acquired $4 million in VC funding in order to develop products for the corporate services sector. Sleek’s investment round was led by SEEDS Capital, the investment division of Enterprise Singapore. Other individuals and organizations also took part in the round… Read More

Fintech Platforms in Indonesia to Support Expected Rise in Investments, especially from Young Investors following COVID Outbreak

The Indonesian Central Securities Depository (KSEI) has noted that Fintech platforms are expected to support the rise in the number of Indonesia’s retail investors in the foreseeable future, especially as the country’s younger consumers begin to seriously explore investment options after the COVID-19 outbreak. As… Read More

Recent Bitcoin (BTC) Price Consolidation Might have Helped XRP Surge 80%, Ethereum (ETH) Also Up 25% in 72 Hours: Report

Bitcoin (BTC), the flagship cryptocurrency, is approaching its all-time of nearly $20,000 which it set back in December 2017 during the historic crypto market bull run. Bitcoin peaked at $18,950 this past week, and has begun to move higher toward its new year-to-date highs at… Read More

India Fintech Forum has Teamed Up with Amazon Pay, PayU, Deloitte, has Also Shorlisted 27 Fintechs for Awards

India Fintech Forum, a non-profit Fintech advocacy group, revealed on November 24, 2020, that it had shortlisted 27 financial technology firms for its 5th installment of India Fintech Awards (IFTA). The Fintechs will be presenting live demos to the event judges, beginning on November 30… Read More

Los Angeles based Banking Challenger, HMBradley, Secures $18.25 Million via Series A Round led by Chime Investor Acrew Capital

Los Angeles-headquartered banking challenger, HMBradley, had introduced its own digital banking platform in April 2020. As previously reported, the new platform was developed to reward savers. HMBradley recently finalized an $18.25 million Series A funding round that was led by Acrew Capital (which also invested… Read More

Digital Asset Exchange Coinbase to Disable Margin Trading as Response to New CFTC Guidance

Paul Grewal, Chief Legal Officer at crypto exchange Coinbase, has confirmed that they’ve disabled margin trading on the platform. Grewal says that the move has come as a response to new guidance provided by the US Commodity Futures Trading Commission (CFTC). Grewal noted in a… Read More

New Ethereum Smart Wallet from Loopring Feels like Traditional Fintech Apps but Also Self-Custodial and Privacy focused

The developers at Loopring, which allows anyone to create “high-throughput,” non-custodial, orderbook-based exchanges on Ethereum by leveraging Zero-Knowledge Proofs or ZKPs (for financial privacy), have introduced a beta version of the Loopring Wallet – which is notably the first Ethereum smart wallet with built-in zkRollup… Read More

Pradeep Goel: CEO at Solve.Care Reveals how Definitize, a DAO for Healthcare Financing, Leverages DeFi to Improve Medical Services

We recently caught up with Pradeep Goel, CEO of Solve.Care, which is a global healthcare blockchain technology platform. Solve.Care recently announced the launch of Definitize, a Decentralized Autonomous Organization (DAO) for healthcare financing. Definitize aims to improve access to care, which should enhance healthcare outcomes… Read More

Germany’s CrossLend, a Digital Debt Marketplace, to Offer its Data Analytics Tool Free of Cost

Germany-based CrossLend, a platform that provides a digital debt marketplace with a goal to make the global lending and investment ecosystem more efficient, transparent and profitable, is reportedly offering its Europe-based lenders access to its data analytics software free of cost. CrossLend said the tools… Read More

CrowdProperty CEO Mike Bristow Says there’s Likely to be An Increase in Activity in UK’s Property Market

Mike Bristow, CEO at CrowdProperty, a property investment platform, says that there’s likely to be a significant increase in overall activity in the UK’s property market. Bristow believes that the surge in transactions should come toward the end of the stamp duty holiday. Bristow’s comments… Read More

Anchorage Teams Up with Tokensoft to Offer Wrapped Filecoin (wFIL) on Ethereum Blockchain

Anchorage, a company that aims to help institutional investors with adopting digital assets, has partnered with Tokensoft to bring wrapped Filecoin (wFIL) to the Ethereum (ETH) blockchain. Diogo Mónica, Co-Founder and President at Anchorage, states that his organization is looking forward to welcoming wrapped Filecoin… Read More

Digital Banking: Fintech Unicorn Revolut to Expand Global Operations by Hiring Senior Execs in Singapore

  Prominent digital bank Revolut is reportedly planning to hire several senior management professionals in Singapore. The UK-headquartered Fintech Unicorn noted that it’s looking to recruit senior-level executives for managing its operations in the city-state. As first reported by Tech in Asia, Revolut also plans… Read More

San Francisco based Tally, a Personal Finance Management Firm, Hires Executives for Growing its Product and Marketing Operations

Tally, a company that assists borrowers with paying off their credit cards and managing their spending, recently recruited two executives with considerable experience in Fintech while working at Betterment and SoFi. The San Francisco-based firm has appointed Anthony Schrauth as Tally’s new VP of Product… Read More

Ontology to Create Infrastructure for Patract Labs, a Solution Developer for Polkadot’s Parachain Contract Ecosystem

Ontology, the “high-performance,” open-source blockchain that’s focused on digital identity and data, will be working with the Polkadot Ecosystem Project, which is described as a “sharded” blockchain that connects multiple chains together in a single network. According to a release, the joint venture will see… Read More

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