February 17, 2022 @ 2:32 am By Tony Zerucha  |  

Regulatory technology company Clausematch has released an e-book that details its top 10 compliance technology trends for 2022. They are briefly summarized here. 1. Expect more regulatory clarity on cryptocurrencies Given the increased use of cryptocurrencies in money laundering activity, regulators will continue their progress… Read More

February 17, 2022 @ 2:25 am By Tony Zerucha  |  

Forter today launched Smart Payments, a new offering designed to increase digital commerce conversion rates and revenue. The offering optimizes the use of 3D Secure (3DS) to meet strong customer authentication (SCA) requirements and addresses friction in the payment process. Smart Payments executes 3DS only… Read More

February 17, 2022 @ 1:35 am By Tony Zerucha  |  

Flutterwave, a Nigerian Fintech company, announced this week it has raised $250 million in Series D funding. The infusion values the company north of $3 billion. The round was led by B Capital Group, with participation from Alta Park Capital, Whale Rock Capital, Lux Capital,… Read More

February 16, 2022 @ 11:36 pm By Tony Zerucha  |  

Akulaku, an Indonesian buy now, pay later (BNPL) firm, announced this week it has received $100 million from the Siam Commercial Bank in Series E financing. The news comes months after the firm announced a $125 raise which was co-led by Silverhorn Group, who has… Read More

February 16, 2022 @ 9:39 pm By Tony Zerucha  |  

The Monetary Authority of Singapore(MAS) has laid the hammer down on DBS Bank after its digital banking services were widely unavailable for three days toward the end of last November. In a public statement, the Monetary Authority of Singapore said it has imposed an additional… Read More

February 16, 2022 @ 1:35 am By Tony Zerucha  |  

Cryptocurrency regulations are evolving quickly around the globe as authorities respond to the growing risks posed by criminals exploiting the latest payment methods to mask and launder the profits from their crimes. According to William Je, founder and CEO of Hamilton Investment Management, this growth has warranted the introduction… Read More

February 16, 2022 @ 1:25 am By Tony Zerucha  |  

RapiPay, an Indian Fintech, this week announced it has raised $15 million in funding to launch NYE, a new-age digital banking super app. The current funding round is led by Varun Jaipuria (RJ Corp), DLF Family Office, Rahul Gautam (Sheela Foam) and Rohan Kumar (DS… Read More

February 15, 2022 @ 11:32 pm By Tony Zerucha  |  

Cryptocurrency infrastructure provider Wyre has integrated with the Stellar network to effectively onboard local Brazilian and Argentinian currencies into digital assets. Through the integration, Wyre is growing functionality in Latin America and allowing developers and businesses looking to leverage cryptocurrency transactions to expand into new… Read More

February 15, 2022 @ 4:42 pm By Tony Zerucha  |  

Better Tomorrow Ventures, a venture firm focused on helping early-stage Fintech companies, has raised $225 million for a fund, triple the amount it raised a mere 18 months ago. The plan is to devote $150 million to invest in 30 pre-seed and seed-stage startups. The… Read More

February 15, 2022 @ 3:15 pm By Tony Zerucha  |  

Assetz Capital plans to lend £1 billion to homebuilders in 2022 before ramping it up 50 per cent in 2023 to £1.5 billion, the company said this week. The announcement was made by parent company Assetz. The move is designed to stimulate demand amongst SME… Read More

February 12, 2022 @ 2:56 pm By Tony Zerucha  |  

The explosive growth of Fintechs and their rising influence in finance has been neatly summarized in F-Prime’s State of Fintech Report for 2021. Start with the raises. In 2021 Fintechs attracted close to $120 billion of capital in private markets, with more than 300 nine-figure… Read More

February 11, 2022 @ 7:01 pm By Tony Zerucha  |  

Infina, a retail investing app focused on Vietnam, this week announced they have closed a $6 million seed funding round from investors such as Sequoia Capital India’s Surge, Y Combinator, Saison Capital, Starling Ventures, Alpha JWC, and AppWorks. Additional investors who have backed Robinhood, Coinbase,… Read More

February 10, 2022 @ 8:54 pm By Tony Zerucha  |  

Kirobo this week announced NFT capability has been added to its Liquid Vault, a non-custodial on-chain wallet. The update also expands its capacity to integrate with decentralized finance (DeFi) services on supported blockchains. The DeFi ecosystem has also shot up in total value locked, offering… Read More

February 10, 2022 @ 7:07 pm By Tony Zerucha  |  

DriveWealth, a provider of fractional investing and embedded finance, recently announced the acquisition and launch of two wholly-owned subsidiaries, DriveLiquidity and DriveDigital, as the company unveiled its plans to offer cryptocurrencies to partners and their retail investors. Following the completed acquisition of Crypto-Systems, DriveWealth’s new… Read More

February 10, 2022 @ 5:48 pm By Tony Zerucha  |  

Aventus Network – the layer-2 blockchain protocol that brings scalability, speed, and lower costs to Ethereum transactions – this week announced its native utility token AVT has been listed on crypto exchange Coinbase. This listing marks a significant breakthrough for Aventus Network, the company said,… Read More

February 10, 2022 @ 2:52 pm By Tony Zerucha  |  

Pillow, a DeFi startup that helps generate yields on crypto, has raised $3M in seed funding led by Elevation Capital and crypto angels including DeFi Pulse co-founder Scott Lewis, Polygon co-founders JD Kanani and Sandeep Nailwal, FalconX co-founder Prabhakar Reddy, and Aniket Jindal, co-founder of… Read More

February 9, 2022 @ 10:51 pm By Tony Zerucha  |  

Philippines neobank Tonik announced this week it has raised $17 million in Pre-Series B funding. The news follows less than one year after Tonik’s March 2021 public launch that saw it secure more than $20 million in retail deposits in under one month – a… Read More

February 9, 2022 @ 3:03 pm By Tony Zerucha  |  

Highline, a payroll-linked bill payment method, launched this week with $4.5 million in seed funding led by Foundation Capital and Costanoa Ventures. The company said its goal is to enable Americans to take control of their finances based on their income rather than their credit… Read More

February 9, 2022 @ 8:42 am By Tony Zerucha  |  

Indian payments unicorn Razorpay has acquired a majority stake in Curlec, a Malaysian recurring payments solutions provider. The cost was just under $20 million. Curlec is the first international acquisition for Razorpay, and taken together with the previous ones it shows a very deliberate growth… Read More

February 8, 2022 @ 10:06 pm By Tony Zerucha  |  

Rewire, an Israeli neobank that caters to the needs of migrant workers, this week announced a $25 million strategic investment that will allow it to develop insurance products for its customer base. Israeli insurance company Migdal participated in the round along with Standard Bank of… Read More