July 12, 2019 @ 9:16 pm By Samantha Hurst  |  

OpenText (NASDAQ: OTEX) (TSX: OTEX), a global enterprise information management (EIM) company, announced on Thursday it has formed a new partnership with Mastercard (NYSE: MA) to help companies increase financial efficiencies across global supply chains, starting in the automotive industry. According to OpenText, the collaboration… Read More

July 12, 2019 @ 10:29 am By Samantha Hurst  |  

Stashbee, UK-based marketplace for space and storage, is set to close its equity crowdfunding campaign on Seedrs with nearly £2.3 million in funding. The round made its debut last month and quickly surpassed its initial £1.6 million funding target. It has also attracted nearly 800… Read More

July 12, 2019 @ 10:06 am By Samantha Hurst  |  

Bitpoint, a licensed cryptocurrency exchange based in Japan, has reportedly shut down operations following a hack that caused the platform to lose ¥3.5 billion yen ($32 million) in cryptocurrency.  According to Bloomberg, The exchange revealed about 2.5 billion yen of stolen funds belonged to customers,… Read More

July 12, 2019 @ 8:38 am By Samantha Hurst  |  

Singapore-based Pundi X announced on Friday it has completed integration support of its XPOS module on X990 made by U.S.-based Verifone. Pundi X reported that with this integration, shops and retail outlets using the Verifone X990 with XPOS module activated will now be able to… Read More

July 11, 2019 @ 11:18 pm By Samantha Hurst  |  

President Donald Trump declared on Twitter this evening that he is not a fan of cryptocurrency. Following the Social Media Summit, which took place at the White House earlier in the day, the U.S. leader revealed his true thoughts on digital currency, including what he… Read More

July 11, 2019 @ 10:23 pm By Samantha Hurst  |  

Nearly three years after securing more than £2.4 million through its previous equity crowdfunding campaign on Seedrs, UK-based fintech startup, WeSwap, has returned to the funding portal to raise £2.3 million. As previously reported, WeSwap was founded in 2011 and opened to the community in… Read More

July 11, 2019 @ 2:19 pm By Samantha Hurst  |  

Mastercard announced on Thursday it is expanding its partnership with cloud-based platform Zoho to bring small business owners around the world products and services to make running their enterprise easier, more efficient and more profitable. “Every business is on a quest to increase efficiency and… Read More

July 11, 2019 @ 1:42 pm By Samantha Hurst  |  

Digital wallet platform Spend.com announced on Thursday it has formed a new partnership with Paxos to enable cryptocurrency payments. Spend.com reported that through the partnership it has integrated the itBit by Paxos cryptocurrency exchange into its platform. “This integration allows users to easily spend their… Read More

July 11, 2019 @ 9:22 am By Samantha Hurst  |  

Just a couple of weeks after launching its equity crowdfunding campaign on Crowdcube, PALLITE, a UK-based designer and manufacturer of pallets and shipping crates, has successfully secured its initial £1 million funding target from more than 500 investors. As previously reported, PALLITE claims its products… Read More

July 11, 2019 @ 8:15 am By Samantha Hurst  |  

Uphold, a U.S.-based digital finance platform, announced on Thursday it has doubled its presence in the country of Portugal by acquiring Scytale, a digital agency based in Braga, Portugal. As previously reported, Uphold is on a  mission to create trusted access to digital money and… Read More

July 11, 2019 @ 7:56 am By Samantha Hurst  |  

KoreConX announced on Wednesday the addition of DigiMax as an ecosystem KorePartner. DigiMax is publicly listed on the Canadian Securities Exchange through its parent company, DigiCrypts Blockchain Solutions. According to KoreConX, DigiMax Capital provides corporate advisory services to clients seeking to grow their businesses by… Read More

July 10, 2019 @ 3:55 pm By Samantha Hurst  |  

Billtrust, a fintech firm focused on B2B payment cycle management, announced on Wednesday it has formed a new partnership with Priority Commercial Payments to provide merchants the technology and support to streamline reconciliation of commercial payments captured through the BPN platform. Billtrust reported that through… Read More

July 10, 2019 @ 3:38 pm By Samantha Hurst  |  

Germany-based Wirecard announced on Wednesday it has formed a new partnership with India’s banking group, YES BANK. According to Wirecard, the new collaboration will expand the scope of India’s Aadhaar Enabled Payment System, a biometric digital payment system developed by the National Payments Corporation of… Read More

July 10, 2019 @ 3:32 pm By Samantha Hurst  |  

Brazilian digital secured lending platform, Creditas, successfully secured $250 million through its latest investment round, which was led by Japan’s SoftBank with participation from Vostok Emerging Finance (VEF).  As previously reported, Creditas’ mission is to reduce the Brazilian consumer debt burden by offering consumer loans… Read More

July 10, 2019 @ 2:11 pm By Samantha Hurst  |  

Royal Bank of Canada (RBC) announced on Wednesday it has acquired WayPay, a cloud-based payments fintech that offers business clients a best-in-class solution for accounts payable automation and payment optimization. RBC reported: “Many businesses are already planning the transition from paper cheques as manual reconciliation is… Read More

July 10, 2019 @ 12:59 pm By Samantha Hurst  |  

Techstars and Hillstone Partners, a boutique capital consultancy firm specializing in startup business, announced on Wednesday the launch of the Techstars Korea Accelerator in partnership with Hillstone Partners. According to the duo, this new three-month mentorship-driven accelerator program, Techstars’ first in Korea, will source 10… Read More

July 10, 2019 @ 11:51 am By Samantha Hurst  |  

CPI Card Group Inc. (Nasdaq: PMTS, TSX: PMTS) (CPI) a payment technology company and leading provider of credit, debit and prepaid solutions, announced on Tuesday it has formed a collaboration with Fit Pay, Inc., a company in the contactless payments space and subsidiary of Nxt-ID,… Read More

July 10, 2019 @ 9:44 am By Samantha Hurst  |  

Silicon Valley Bank and First Data (NYSE: FDC) announced on Wednesday they have selected five startups to participate in Class 9 of Commerce.Innovated., which is described as an accelerator program designed to help commerce, payments, and fintech companies grow their businesses. Commerce.Innovated. was launched in 2014, and… Read More

July 10, 2019 @ 8:02 am By Samantha Hurst  |  

U.S.-based independent mobile remittance company Remitly announced on Wednesday it secured $220 million in new financing to continue its international expansion. Remitly reported that the funding includes $135 million Series E equity and $85 million syndicated debt financing. The equity component is led by Generation… Read More

July 9, 2019 @ 3:54 pm By Samantha Hurst  |  

The European Crowdfunding Network (ECN) recently announced it has welcomed its new non-executive Board for the period 2019-2021. The organization revealed that after the 4th ECN CrowdCamp: Exploring Blockchain for Alternative Finance, the ECN General Assembly of members convened in Berlin to explore strategic options for… Read More