Tony Zerucha

Cashfree Payments Bets $15M on Middle Eastern PSP Telr

Payments and API banking solutions company Cashfree Payments this week announced an equity investment of $15 million in Telr, a Saudi  Arabia and United Arab Emirates-based payment service provider. With this investment, Cashfree becomes one of the largest shareholders in the company. Cashfree said this… Read More

Ritholtz Wealth Management, WisdomTree, Debut Crypto Investment Product

Ritholtz Wealth Management and WisdomTree today announced the launch of the RWM WisdomTree Crypto Index designed to provide retail investors, via a financial advisor, access and diversified exposure to cryptoassets. The index has been licensed to Onramp Invest and is available for financial advisors using… Read More

Decentralized Layer 2 Oracle Solution Umbrella Network Launches on Avalanche

Umbrella Network, a decentralized Layer-2 oracle solution, today announced its launch on Avalanche, providing the ecosystem access to high-scale and low-cost oracles. Avalanche is designed as a highly scalable ecosystem, with the aim of delivering near-instant transaction finality while levying low transaction fees. It has… Read More

“Split Payments” Debuts on Facebook the Week of Dec. 6

Facebook – Meta (NASDAQ:FB) announced today it will begin testing Split Payments on Messenger next week. They tout it as a method to improve the ability to split bills like dinners or rent. To begin, users should click “Get Started” in a group chat or… Read More

State of Ohio’s HB 177 Approves Blockchain Use

The State of Ohio this week passed five bills into law, including the Business Fairness Act, and one authorizing the state to use blockchain and distributed ledger technology. Governor Mike DeWine signed the bills into law including House Bill 177, sponsored by Representatives Rick Carfagna… Read More

Asian Crypto Payments Firm TripleA Granted MAS Digital Payment License, 170+ Applications Received

Asian cryptocurrency payments company TripleA has been granted a digital payment token license by the Monetary Authority of Singapore (MAS). TripleA is the first standard payment institution to receive this license, the company said. The designation allows TripleA to provide end-to-end cryptocurrency payment services for… Read More

NordVPN: 1.6M Stolen American Card Detail Sets For Sale on Dark Web

Americans are the most common target of payment card fraud, based on details for sale on the dark web, new research published this week by NordVPN shows. The company analyzed 4.5 million payment card details belonging to citizens of 140 countries that were found by… Read More

UK SMEs Cheering Up as 2022 Looms: MarketFinance Survey

SMEs across the United Kingdom are somewhat optimistic consumer demand will soon rise, the results of a survey by fintech MarketFinance suggest. MarketFinance asked 2,000 SME owners across the UK about their outlook for 2022 and beyond, gauging their short and long-term plans for business… Read More

SunTec, Mambu to Integrate Revenue Management, Cloud Banking Platforms

SunTec Business Solutions and Mambu this week announced a partnership with plans to integrate its complete revenue management solution with Mambu’s cloud banking platform. As part of this partnership, SunTec’s pricing, billing, and benefits management solutions will be available to banks for integration into the… Read More

Assetz Capital Provides £2.3M Commercial Mortgage for Enlarged North Yorkshire Development

Assetz Capital has provided a £2.3 million commercial mortgage to Roseberry View Lodges. The capital infusion allows the luxury holiday site to refinance an existing development facility and fund five new lodges in North Yorkshire. In a statement, the company said the loan follows 18… Read More

Indonesian Financial Wellness Firm GajiGesa Welcomes $6.6M pre-Series A

GajiGesa, an Indonesia-based company that offers financial wellness solutions that include the Earned Wage Access (EWA) program, today announced a $6.6 million pre-Series A round. New contributors to the round include MassMutual Ventures, January Capital, Wagestream, Oliver Jung, Patrick Walujo, Chee-Yann Wong, RS. Bunda Group,… Read More

Singaporean Digital Wealth App Endowus Raises $27M to Make Total 2021 Raise $50M

Endowus, a digital wealth app based in the Fintech hotbed of Singapore, this week announced it has raised $27 million. The new capital infusion brings its total 2021 raise to $50 million. Prosus Ventures and EDBI led the round, with contributions from Z Holdings and… Read More

Shinhan Bank, Hedera Look to Blockchain to Improve $702B International Remittance Process

South Korea’s Shinhan Bank today announced it has completed the development of a proof-of-concept, with a global megabank outside of Korea, to improve the remittance process through the use of stablecoins. It is built on the Hedera network, leveraging stablecoins and focused on international remittances…. Read More

$100M Series D Has Fundbox Firmly in Unicorn Territory, New Products, Hires On the Way

Fundbox, the AI-powered financial platform for small businesses, has closed a $100M Series D funding round at a $1.1 billion valuation. This latest round was led by Healthcare of Ontario Pension Plan (HOOPP), joined by existing investors Allianz X, Khosla Ventures, and The Private Shares… Read More

Algofi Welcomes $2.8M to Grow DeFi Lending, Stablecoin Protocol

Algofi, a lending market and stablecoin protocol built on the Algorand blockchain, today announced $2.8 million in seed funding during Decipher, Algorand’s annual community conference. Union Square Ventures, Arrington XRP Capital, and Pillar VC led the round, with participation from Y Combinator, Formulate Ventures, and… Read More

Finastra Augments Fusion LIBOR Transition Calculator With New Rates in Preparation for Dec. 31 Deadline

Finastra announced this week it has introduced additional alternative reference rates (ARR) and risk-free rates (RFRs) to its Fusion LIBOR Transition Calculator. The move enables banks, corporates and borrowers to calculate ARR in preparation for the end of the majority of LIBOR rates on Dec…. Read More

Flurry Finance Launches Utility, Governance Tokens on Polygon Dec. 1

Decentralized finance (DeFi) protocol Flurry Finance, which offers cross-chain yield farming, will deploy its utility token RHO and its governance token FLURRY on the Polygon network Dec. 1. A trio of RHO tokens – rhoUSDT, rhoUSDC and rhoBUSD will also be available on the same day…. Read More

Lendingblock Unveils New Boost Tier Requirements, Bronze Starts at 413,095 LND

Digital asset lending infrastructure developer Lendingblock this week released new requirements for their LND Boost tiers. They are effective Dec. 1. Boost tiers are staking devices that come with rewards, with greater benefits coming with the higher levels. They include higher earned interest rates and… Read More

2-Day DBS Banking Shutdown Captures MAS Attention

While the DBS Bank motto is “Live more, bank less,” some customers found they could not bank at all after some services were disrupted for days earlier this week. The problem was discovered Tuesday morning when customers began having issues with account logins. Initial communications… Read More

BNP Paribas, SIA, Unite to Introduce Co-Branded Cards in Europe

BNP Paribas has partnered with SIA, a European payment tech company, to support the launch of co-branded cards with major commercial partners in France and other European countries. SIA’s technology infrastructure will process digital and physical co-branded cards issued by BNP Paribas. The SIA platform… Read More

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