September 6, 2019 @ 1:36 pm By Samantha Hurst  |  

FinTech Scotland announced on Friday the launch of its new consumer panel to support fintech business development. According to FinTech Scotland, the panel will connect consumer and citizen advocate groups into the fintech ecosystem with the emphasis on citizen financial inclusion, problem-solving, and innovation.   “The… Read More

September 6, 2019 @ 8:50 am By Samantha Hurst  |  

CrowdBureau, an information technology platform that offers asset and risk management tools for market players seeking more transparency in marketplace peer-to-peer lending and securities crowdfunding, announced this week it raised $1.1 million through its Series A funding round, which was led by Clydagh Limited, Estuary Holdings… Read More

September 6, 2019 @ 8:32 am By Samantha Hurst  |  

Payment processing platform Klarna announced on Thursday it has expanded its existing partnership with online fashion platform boohoo group to include both the US and UK. Klarna reported that US online shoppers at boohoo group’s four brands, which are boohoo, boohooMAN, PrettyLittleThing and Nasty Gal,… Read More

September 5, 2019 @ 9:27 pm By Samantha Hurst  |  

Happy Money, a U.S.-based fintech that enables users to “break up” with their credit cards, announced on Thursday it secured $70 million through its Series D funding round, which was led by CMFG Ventures. Founded in 2009, Happy Money provides financial tools and services for “human… Read More

September 5, 2019 @ 9:01 pm By Samantha Hurst  |  

Cooper, a UK-based custodian for digital assets, announced on Wednesday it has hit $500 million in transactions since its launch three months ago. Founded in 2018, Copper has developed a secure platform to facilitate investors who require dedicated account management and professional custody and execution services…. Read More

September 5, 2019 @ 2:44 pm By Samantha Hurst  |  

Superintendent of Financial Services Linda A. Lacewell announced on Thursday the New York State Department of Financial Services (DFS) has authorized Paxos Trust Company LLC to offer a gold-backed virtual currency. Lacewell reported that this is the first gold-backed virtual currency that is being offered… Read More

September 5, 2019 @ 2:23 pm By Samantha Hurst  |  

Digital currency for payments and e-commerce platform Dash announced on Thursday it is now accepted at over 1,000 new merchants and more than 250 ATMs through its partnership with IQ CashNow, a full-service provider specializing in cryptocurrency ATMs, point-of-sale (POS) terminals and e-commerce websites. Dash… Read More

September 5, 2019 @ 2:13 pm By Samantha Hurst  |  

Ping An Insurance Group announced on Thursday it was selected to develop the national Open Innovation For Next Generation Artificial Intelligence. The company reported that the announcement was made at the World Artifical Intelligence Conference 2019 in Shanghai and Ping An is claimed to be… Read More

September 5, 2019 @ 2:02 pm By Samantha Hurst  |  

Payments platform Stripe announced on Thursday the launch of its new service, Stripe Capital, which allows internet businesses running on Stripe to access funding. According to Stripe, Access to capital remains a challenge for most companies, especially online businesses, with banks deciding to cut their lending to… Read More

September 5, 2019 @ 8:41 am By Samantha Hurst  |  

T-REX, a U.S.-based analytics and data solution for complex investments, announced on Wednesday it has completed its strategic funding round, which was led by Citi (NYSE: C), the Westly Group, and Viola Fintech, with participation from innogy (ETR: IGY) and Macquarie Capital.  Founded in 2012, T-REX… Read More

September 5, 2019 @ 8:26 am By Samantha Hurst  |  

UK-based insurtech AkinovA announced on Thursday it is teaming up with OpenFin to adopt OpenFin’s services for the deployment of its trading platform for the risk transfer value chain. According to AkinovA, the integration will allow users to access the AkinovA marketplace with an interface… Read More

September 4, 2019 @ 4:16 pm By Samantha Hurst  |  

Kredivo, an Indonesia-based digital credit platform, announced on Wednesday it has closed its debt line of up to $20 million to fund loans for its borrowers. According to Kredivo, the debt line was conducted with Partners for Growth V, L.P. (PFG), a venture debt firm… Read More

September 4, 2019 @ 4:01 pm By Samantha Hurst  |  

Railsbank, a UK-based banking group, announced on Wednesday it raised $10 million through its Series A funding round, which was led by Moneta Capital with participation from CreditEase, Clocktower Technology Ventures, Singapore Life, and Firestartr. Founded in 2015, Railsbank describes itself as an open banking… Read More

September 4, 2019 @ 3:52 pm By Samantha Hurst  |  

LendingPoint announced on Wednesday it has closed its inaugural securitization of consumer loans. The company reported that the securitization, LendingPoint Receivables Trust 2019-1 (LDPT2019) issued a total of  $177.85 million of notes backed by a pool of $187.22 million of direct-to-consumer loans originated on the… Read More

September 4, 2019 @ 1:55 pm By Samantha Hurst  |  

Digital-first challenger bank Tandem Bank announced on Wednesday it has appointed Noam Zeigerson as its new Chief Data Officer to strengthen AI technology on its banking platform. According to Tandem, Zeigerson has more than 18 years of experience in data and analytics, as well as… Read More

September 4, 2019 @ 1:24 pm By Samantha Hurst  |  

Even Financial, an API for financial services search, acquisition, and monetization, announced on Wednesday it secured $25 million through latest investment round, which was co-led by Citi Ventures and MassMutual Ventures, with participation from LendingClub. The company’s existing investors American Express Ventures, Canaan Partners, F-Prime… Read More

September 4, 2019 @ 1:12 pm By Samantha Hurst  |  

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Wednesday it has extended its partnership with Mizuho Bank. Wirecard reported it has been collaborating with Mizuho Bank since last year and has been offering acquiring and issuing services for Mizuho Bank corporate clients… Read More

September 4, 2019 @ 12:58 pm By Samantha Hurst  |  

NovoPayment, an enabler of digital financial services for the Americas, announced on Wednesday it may now scale the deployment of Visa Direct for instant payments, P2P and P2M payments, account-to-account payments, fast funds, and mass payouts, as well as the use of Visa Token Services…. Read More

September 4, 2019 @ 10:33 am By Samantha Hurst  |  

Elliptic, a provider of crypto-asset risk management solutions for crypto businesses and financial institutions, announced on Wednesday it secured $23 million through its Series B funding round, which was led by SBI Group with participation from SignalFire, Octopus Ventures, and Santander Innoventures. Founded in 2013,… Read More

September 4, 2019 @ 9:10 am By Samantha Hurst  |  

Enterprise blockchain software firm R3 announced last week it has formed a new partnership with fintech Wethaq to build the “next generation” of financial market infrastructure to enable issuers, investors, central banks, and regulations to transact in Islamic capital markets. According to the duo, Wethaq’s… Read More