June 28, 2024 @ 5:17 pm By Omar Faridi  |  

Retail investors are often seen as overly indexing tech stocks; however, financial services is the most owned sector among this group, according to data from the latest Retail Investor Beat (RIB) from trading and investing platform eToro. In the study of American retail investors, 54%… Read More

 Tagged etoro, research

June 28, 2024 @ 5:14 pm By Omar Faridi  |  

Ramp is completing a $150 million Series D-2 funding round, raising the company’s valuation to $7.65 billion. This investment round was co-led by Khosla Ventures and Founders Fund ‘with additional new investors Sequoia Capital, Greylock, and 8VC.’ Ramp‘s existing investors Thrive Capital, General Catalyst, Sands Capital,… Read More

 Tagged funding round, ramp, spend management

June 28, 2024 @ 12:32 pm By Omar Faridi  |  

On 2024 International MSME Day, Ant International, a digital payment and financial services provider, shares that it supports almost 100 million Micro, Small, and Medium-sized Enterprises (MSMEs) worldwide across its businesses and partner programs; and reinforces its commitments towards MSME digitalization and inclusion through the… Read More

 Tagged ant international, digitalization, financial services, msmes, vjonms

June 28, 2024 @ 12:24 pm By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant, released the results of a national survey exploring financial language understanding across the UK. The report, part of Klarna’s commitment to “improving greater transparency in the financial industry, reveals millions of UK adults (40 per cent)… Read More

 Tagged ai, klarna, payments, uk, united kingdom

June 28, 2024 @ 10:53 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has charged BorrowMoney.com with allegations of fraud. The enforcement action by the SEC also cites Aldo Piscitello, who is said to be the sole officer and majority shareholder of the firm. According to the BorrowMoney website, the company claims:… Read More

 Tagged borrowmoney, enforcement, fraud, sec

June 28, 2024 @ 10:20 am By Omar Faridi  |  

Sygnum, a global digital asset group, announces that it has reached the milestone of 20+ banks and international financial institutions onboarded onto its B2B platform. This enables their end-clients “to buy, hold, trade, earn, and transfer cryptocurrencies in a fully regulated environment.” Sygnum’s 20+ B2B… Read More

 Tagged banking, switzerland, sygnum

June 28, 2024 @ 9:00 am By Omar Faridi  |  

Alchemy Pay, a fiat-crypto payment solution provider, Danal, an integrated payment business company, and Danal Fintech, the Korean domestic specialist in virtual asset payments, announced the signing of a partnership agreement on June 25. This Memorandum of understanding (MOU) aims “to enhance the competitiveness of… Read More

 Tagged alchemy pay, danal, digital assets, payments

June 28, 2024 @ 8:33 am By Omar Faridi  |  

CaixaBank claims that is the only Spanish bank participating in the Ferrovie dello Stato Italiane S.p.A. (FS)’s new committed and revolving credit facility signed “with a syndicate of nine banks and financial institutions for a total amount of up to €3.5 billion with a three-year… Read More

 Tagged CaixaBank, credit facility, europe, financial institutions, italy

June 28, 2024 @ 8:30 am By Omar Faridi  |  

UK Finance has released the Dedicated Card and Payment Crime Unit (DCPCU) annual report. The unit, formed as a partnership between UK Finance, the City of London Police and the Metropolitan Police Service together with the Home Office, is described as being “a unique, proactive… Read More

 Tagged payments, research, uk, uk finance, united kingdom

June 27, 2024 @ 11:24 pm By Omar Faridi  |  

Payabli, the payments infrastructure solution for software companies, has closed a $20M Series A. The investment round was reportedly “led by QED Investors with participation from existing investors TTV Capital, Fika Ventures and Bling Capital based on the company’s greater than 3X revenue growth.” The… Read More

 Tagged funding round, infrastructure, payabli, payments