March 10, 2022 @ 2:43 pm By Tony Zerucha  |  

Paxos, a blockchain infrastructure platform, announced it has received in-principle approval from the Monetary Authority of Singapore (MAS) to operate digital payments token services under the Payment Services Act 2019. With this license, Paxos becomes one of the first blockchain services providers to meet the highest standard… Read More

March 10, 2022 @ 10:48 am By Tony Zerucha  |  

Fortis, a payment and commerce technology company for software providers, marketplaces, developers, and businesses, today announced its partnership with Lockstep. The union gives customers full access to Lockstep Receivables, an ERP-integrated accounts receivable automation software that automates collections, enables online payment acceptance, and improves cash… Read More

March 10, 2022 @ 9:28 am By Tony Zerucha  |  

The National Bank of Ukraine has received the first tranche of $1 million raised by Solana enthusiasts from all over the world through a dedicated initiative. The initiative, dubbed Aid for Ukraine, is powered by Everstake, FTX, Solana Labs, the Metaplex Foundation and Ukraine’s Ministry for Digital Transformation via… Read More

March 10, 2022 @ 9:22 am By Tony Zerucha  |  

CoFi announced today it has raised $7 million in seed funding to improve its construction financing experience. The round, which was led by Blackhorn Ventures, Metaprop, and Tenacity, will help CoFi process billions of dollars in active loan requests nationwide. With the new funding, CoFi will help… Read More

March 10, 2022 @ 8:22 am By Tony Zerucha  |  

Hakkoda, a cloud data company, today announced it has launched a new multi-party analytics offering on Snowflake designed for financial services companies. The new solution will enable banks and lenders to unlock new customer insights with deeper analytics from their Snowflake Data Cloud. To lead the new… Read More

March 9, 2022 @ 7:12 am By Tony Zerucha  |  

moomoo, a digital financial service platform, this week announced its official launch in Australia, providing professional-grade online share trading to Australian investors. This marks the third international market where the company operates, after its successful launch in Singapore in 2021 and the United States in… Read More

March 8, 2022 @ 9:43 pm By Tony Zerucha  |  

ComplyAdvantage, a global data technology company providing financial crime detection through embedded risk intelligence, today announced that Fireblocks, a platform that empowers traditional institutions to enter the digital asset space, has partnered to provide anti-money laundering Customer Screening and Monitoring to its customers with the addition of Transaction Risk Management for… Read More

March 8, 2022 @ 9:38 pm By Tony Zerucha  |  

Immutable, a carbon-neutral, scalable platform for trading NFTs on Ethereum, this week announced it secured $200 million in Series C financing led by Temasek, with investments from Animoca Brands and Tencent, bringing its valuation to $2.5 billion. ParaFi Capital, Princeville Capital, Arrington Capital, Mirae Asset and Liberty Global also… Read More

March 8, 2022 @ 7:35 pm By Tony Zerucha  |  

Crypto platform Wirex has partnered with DEX aggregator Paraswap, the companies announced today. Using Paraswap’s price algorithm, Wirex Wallet users will now be able to exchange multiple tokens, saving users large amounts of money and effort. The Paraswap integration will enable users to swap their… Read More

March 8, 2022 @ 6:31 pm By Tony Zerucha  |  

FBH, and its fully owned subsidiary Moonstone Bank, today announced that it has raised $11.5 million in a private placement from an investment by Alameda Research Ventures. The two entities have committed to making traditional financial systems work for innovative small to medium-sized enterprises that are underserved… Read More

March 8, 2022 @ 3:11 pm By Tony Zerucha  |  

Cars.com, a digital automotive marketplace platform, has activated its new turn-key digital financing technology powered by CreditIQ. According to a recent CARS survey, 76 per cent of in-market shoppers plan on completing all the paperwork and financing online. Likewise, 66 per cent of dealers prefer… Read More

March 8, 2022 @ 3:08 pm By Tony Zerucha  |  

Sandbox Banking, a BaaS infrastructure company, and Upstart, an artificial intelligence lending platform, today announced a partnership that will enable Upstart to help its bank and credit union partners to more efficiently integrate Upstart loan and borrower data into their core and customer relationship management… Read More

March 8, 2022 @ 2:41 pm By Tony Zerucha  |  

Nine per cent of smartphone users in the United Kingdom, as many as 5.7 million people, have fallen victim to identity fraud in the last 12 months, according to research by digital identity firm GBG. GBG’s State of Digital Identity Report 2022 reveals young adults aged… Read More

March 6, 2022 @ 5:54 pm By Tony Zerucha  |  

Alviere, an embedded finance technology platform, this week announced that AutoPayPlus, an automated loan payment service, has become its first auto industry client. AutoPayPlus offers car buyers and other consumers flexible payment options matched to their paychecks, which leads to better budgeting, prevents late fees,… Read More

March 6, 2022 @ 1:22 pm By Tony Zerucha  |  

Lynx, a provider of API-connected healthcare payments, banking, and e-commerce services, announced today it has emerged from stealth with $17.5 million in equity financing. The $17.5 million in equity consists of a new $15 million Series A and a previously unannounced $2.5 million seed round. Obvious Ventures and .406 Ventures led the Series… Read More

March 6, 2022 @ 1:01 pm By Tony Zerucha  |  

Shift4, a provider of integrated payment and technology solutions, this week announced it will acquire both Finaro, a cross-border e-commerce payments provider with a large European presence, and The Giving Block, which specializes in cryptocurrency fundraising for nonprofits. These acquisitions position the company to pursue a multi-trillion-dollar… Read More

March 4, 2022 @ 4:19 pm By Tony Zerucha  |  

All venture capital is not created equal, especially when it flows into newer areas of technology such as blockchain, DAO Maker co-founder and CSO Hatu Sheikh cautions. DAO Maker creates growth technologies and funding frameworks for startups, while simultaneously reducing risks for investors. Sheikh said… Read More

March 4, 2022 @ 4:05 pm By Tony Zerucha  |  

Sure Valley Ventures, a venture capital firm that invests in high-growth software companies in sectors such as the Metaverse, artificial intelligence and cybersecurity, has completed an £85m first close of a £95m UK software technology fund. This includes a £50m investment from the British Business… Read More

March 4, 2022 @ 9:30 am By Tony Zerucha  |  

Socket (previously known as Movr Network) has announced a $5 million seed round, led by Framework Ventures, an investment adviser with significant experience in decentralized finance (DeFi) space, and with participation from a group including Coinbase Ventures, Lightspeed, eGirl Capital, Nascent, Geometry, and entrepreneur Mark… Read More

March 4, 2022 @ 8:37 am By Tony Zerucha  |  

While 90 per cent of Canadians believe fraud and identity theft are serious issues, Generation Z is more likely to say identity theft is not likely to happen to them (29 per cent versus 16 per cent of the general population) according to a recent… Read More