October 11, 2024 @ 8:47 am By Omar Faridi  |  

UK’s digital bank Monzo is reportedly expected to reach a substantial £4.5 billion valuation through a potential employee share sale. This is according to a recent report by Sky News. It is worthwhile to note that Monzo, in its early days of existence, raised money… Read More

 Tagged banking, digital bank, monzo, shares sale, uk, united kingdom

October 11, 2024 @ 8:23 am By Omar Faridi  |  

Security tokens at Bitpanda are aimed at enabling new era of investing. The European Fintech firm recently shared that Bitpanda is the first crypto platform to make this particular asset class available to potentially millions of retail investors. All Bitpanda customers are now able to… Read More

 Tagged austria, bitpanda, digital assets, europe, security tokens, vienna

October 11, 2024 @ 8:21 am By Omar Faridi  |  

UK headquartered digital bank Revolut announced recently that it has submitted an application to obtain a banking license in order operate in Colombia. This recent announcement by Revolut has been unveiled as the Fintech company aims to boost its presence in Latin America. The new… Read More

 Tagged digital banking, latam, latin america, revolut

October 10, 2024 @ 5:45 pm By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks (HKAB) have expressed full support for the Banking Industry Integrity Charter introduced by the Independent Commission Against Corruption (ICAC). The two organizations jointly hosted the launch ceremony for the Integrity Charter, attended… Read More

 Tagged Banking Industry Integrity Charter, HKAB, hkma, hong kong

October 10, 2024 @ 3:34 pm By Michael Wong  |  

FutureMoney, a Boston-based digital platform dedicated to helping families invest for their children and build generational wealth, has successfully closed a $2.5 million pre-seed funding round. The funding round saw participation from notable investors including Serac Ventures, Hustle Fund, Telegraph Hill Capital, Capacity Capital, Harvest… Read More

 Tagged funding round, FutureMoney, Hustle Fund, Pitch Fund, Serac Ventures

October 10, 2024 @ 2:32 pm By Michael Wong  |  

Indonesian donation and crowdfunding platform Kitabisa has officially entered the country’s insurance sector by launching Kitabisa Insurance, a sharia-compliant subsidiary, marking a significant step in addressing Indonesia’s notably low insurance penetration rate, according to DealStreetAsia. The announcement follows the subsidiary’s introduction of its first product,… Read More

 Tagged asia, crowdfunding, indonesia, insurance, insurtech, Kitabisa

October 10, 2024 @ 1:20 pm By Michael Wong  |  

Facet, an American Fintech firm focused on financial planning, has secured an additional $35 million in a funding round anchored by Multiplier Capital. The new funding will support the company’s ongoing tech development and expansion of financial planning services as it continues to grow its… Read More

 Tagged Facet, Multiplier Capital

October 10, 2024 @ 11:22 am By Omar Faridi  |  

Littio, a Colombian neobank focused on addressing the currency devaluation problem for Latin Americans through various dollar-based product offerings, is now using OpenTrade‘s real-world asset (RWA)-backed yield vaults, via the Avalanche network. Via OpenTrade, Littio reportedly provides clients “yield-bearing” savings Pots with returns that are… Read More

 Tagged avalanche, banking, dlt, latin america, little, neobank, rwas

October 10, 2024 @ 8:56 am By Michael Wong  |  

Lendbuzz, an AI-powered Fintech company that enhances consumer access to credit for vehicle purchases, has completed a $262 million securitization, identified as LBZZ 2024-3. The transaction is collateralized by a pool of auto loans made to consumers, secured by new and used automobiles, light-duty trucks,… Read More

 Tagged lendbuzz, securitization

October 9, 2024 @ 12:27 pm By Omar Faridi  |  

Research from global cloud-based small business platform Xero reveals a notable gap in financial literacy among U.S. small business owners. Despite 55% of small business owners rating their financial literacy as ‘high’, half (50%) actively face fiscal challenges in their business due to a lack… Read More

 Tagged financial literacy, research, xero