February 11, 2020 @ 3:51 pm By Samantha Hurst  |  

Biz2Credit announced on Tuesday its latest Small Business Lending Index revealed the approval percentage for small business loan applications at big banks ($10 billion+ in assets) rose one-tenth of a percent to reach 28.3% in January 2020. According to the Index, the approval rate at… Read More

February 11, 2020 @ 2:02 pm By Samantha Hurst  |  

Castlery, a direct to consumer furniture store from Singapore, is now accepting in-person and online payments with payment platform Stripe. According to Stripe, Castlery sold its products online, and soon after ventured into offline retail with physical showrooms. “Handling both online and offline payments was… Read More

February 11, 2020 @ 12:12 pm By Samantha Hurst  |  

Standard Chartered, a UK-based multinational banking and financial services company with $688 billion in assets, announced on Tuesday it is collaborating with Assembly Payments to set up a new joint venture to deliver next-generation payment solutions for the global e-commerce industry.  According to the duo,… Read More

February 11, 2020 @ 11:51 am By Samantha Hurst  |  

Digital-only bank platform N26 announced on Monday it is announcing its departure from the UK following Brexit. N26 reported that with the UK now having left the European Union, it will in due course be unable to operate in the UK with its European banking… Read More

February 11, 2020 @ 10:42 am By Samantha Hurst  |  

Payments platform Square recently announced it has acquired Dessa,  which is described as a Toronto-based company building machine learning applications that address significant “real-world challenges” for all types of businesses.  According to Square, the acquisition of Dessa will help the platform further boost its machine… Read More

February 11, 2020 @ 8:42 am By Samantha Hurst  |  

Pelican, a global provider of AI-powered payments and financial crime compliance solutions for banks and corporates, announced on Tuesday it has expanded its global sales reach by partnering with CMSoft Co., Ltd in South Korea. According to Pelican, the new strategic partnership will enable the company… Read More

February 11, 2020 @ 8:29 am By Samantha Hurst  |  

Klaytn, a blockchain project led by the South Korean Internet platform Kakao, announced on Tuesday cryptocurrency exchange Huobi is joining the Klaytn Governance Council. With Huobi onboard, the Klaytn Governance Council currently has 28 enterprises, which includes LG Electronics, Union Bank of the Philippines, and… Read More

February 11, 2020 @ 7:34 am By Samantha Hurst  |  

Payment processing platform Klarna announced on Tuesday the launch of its `Consumer Council’ According to Klarna, the global initiative sees the platform invite consumers to a meet-up and share their thoughts on different themes related to their experiences. The platform further explained: “The first Consumer Council… Read More

February 10, 2020 @ 3:46 pm By Samantha Hurst  |  

Small Robot, a UK-based ag-tech that is building sustainable farming robots, announced on Monday that venture capitalists 7percent Ventures has been confirmed as its lead investor after investing £200,000 into its equity crowdfunding campaign on Crowdcube. This brought the funding round’s investment amount to more… Read More

February 10, 2020 @ 2:14 pm By Samantha Hurst  |  

Bricksave, a UK-based property investment platform, will be closing its equity crowdfunding campaign on Seedrs later this evening with nearly £775,000 in funding raised. The initiative has attracted 375 Seedrs investors. The company launched the funding round in December and quickly secured its initial £600,000… Read More

February 10, 2020 @ 1:48 pm By Samantha Hurst  |  

Australia-based marketplace lender SocietyOne announced on Monday it has established a warehouse facility arranged by NAB, alongside securing $15 million through its recent equity raise, to support growth. According to SocietyOne, the warehouse facility is also scalable to support the lender’s continued growth, as borrowers… Read More

February 10, 2020 @ 12:13 pm By Samantha Hurst  |  

CaixaBank, a retail banking group based in Spain, announced on Monday it has teamed up with RCD Espanyol de Barcelona to launch the Spanish football team mobile app. The duo reported that the app will include an integrated “wallet” in order to boost commercial services,… Read More

February 10, 2020 @ 12:06 pm By Samantha Hurst  |  

Blockchain software firm BitGo announced on Monday it is expanding its global presence with new custodial entities in Switzerland and Germany. According to BitGo,  BitGo’s Swiss entity BitGo GmbH is a member of the Financial Services Standards Association (VQF), supervised by the Swiss Financial Market… Read More

February 10, 2020 @ 10:14 am By Samantha Hurst  |  

Barclays announced on Monday it has extended its partnership with multinational financial services corporation, Visa. Barclays reported that the European agreement with Visa, which recognizes the “unique position” Barclays has in the market, is designed to drive innovation and product development as well as facilitate… Read More

February 10, 2020 @ 9:45 am By Samantha Hurst  |  

Chinese fintech Pintec Technology Holdings Limited (PINTEC) announced on Monday it has formed a new partnership with CITIC aiBank Corporation Limited (aiBank) to provide technical solutions for aiBank’s digital lending business. According to Pintec, the first phase of the cooperation will focus on online consumer… Read More

February 10, 2020 @ 7:58 am By Samantha Hurst  |  

SteelEye, a UK-based compliance technology and data analytics firm, announced on Modnahy it has raised $10 million through its Series A funding in a round led by the FinTech Strategic Investments team at Eight Roads, a proprietary investment firm backed by Fidelity. Founded in 2017,… Read More

February 10, 2020 @ 7:50 am By Samantha Hurst  |  

UK-based digital banking group Starling Bank has reportedly secured £60 million from existing investors Merian Global Investors and Harry McPike’s JTC. The banking group has successfully raised £323 million and the latest funding follows two investment rounds of £105 million, which were led by Merian in 2019…. Read More

February 9, 2020 @ 11:07 pm By Samantha Hurst  |  

Bitmain Technologies, a China-based consumer-grade ASIC miner, recently address fraudulent usage of websites Bitmain.farm and Antminersmiling.com. The company reported it discovered some websites that have been impersonating Bitmain and have been communicating with its existing customers under false pretense. “In order to protect the legitimate… Read More

February 9, 2020 @ 10:38 pm By Samantha Hurst  |  

Australian cryptocurrency exchange platform CoinJar recently announced it has launched its mobile app for Android smartphones. Founded in 2013, Coinjar claims to be Australia’s longest-running digital currency exchange. The company’s services allow users to buy, sell, store, and spend digital assets. “As an award-winning, venture… Read More

February 9, 2020 @ 10:20 pm By Samantha Hurst  |  

SafetyPay, a U.S.-based digital payments platform, announced last week it has teamed up with financial AI crime platform Feedzai to offer extra protection against fraud risk to its customers. Founded in 2007, SafetyPay notably provides a secure e-payment method that enables cash sales through a… Read More