May 13, 2024 @ 7:46 am By Omar Faridi  |  

Carta has released their State of Private Markets: Q1 2024 report. Carta notes that the venture capital fundraising market “remained slow in Q1 2024, but valuations held steady or climbed at almost every stage.” Carta also mentions that the startup fundraising market “got off to… Read More

 Tagged carta, fundraising, research, vc, venture capital

May 13, 2024 @ 7:44 am By Omar Faridi  |  

Cloudflare, Inc. (NYSE: NET), the connectivity cloud company, announced a partnership with the United States Department of Treasury and Pacific Northwest National Laboratory (PNNL) under the US Department of Energy in order “to improve the cyber resilience of the financial services industry by sharing an… Read More

 Tagged cloud, cloudflare, cyber, digitalization, Pacific Northwest National Laboratory, us department of energy, us department of treasury

May 13, 2024 @ 7:42 am By Omar Faridi  |  

Upstart has reportedly received a subpoena from the US Securities and Exchange Commission (SEC) pertaining to the Fintech company’s disclosures as they relate to use of its AI algorithms/models and loans. This, according to Upstart’s quarterly filing released this past Tuesday. The California-headquartered alternative lender… Read More

 Tagged ai lenders, enforcement, sec, upstart

May 13, 2024 @ 7:00 am By Omar Faridi  |  

Remitly is pleased to introduce our new Chief People Officer, Ronit Peled. Remitly is an international payments company that “leverages digital channels, including mobile phones, to send money internationally.” Remitly’s digital products are said to be “fundamentally faster, less expensive, and far more convenient for… Read More

 Tagged fintech adoption, new appoimtments, remitly, women changing finance

May 12, 2024 @ 11:12 pm By Omar Faridi  |  

The growth of Open Banking in the United Kingdom has continued to accelerate. The latest data from Open Banking Limited, the independent entity established by the Competition and Markets Authority (CMA) to oversee its implementation, shows “more than 9 million active users and 14.45m payments… Read More

 Tagged clearbank, open banking, truelayer, uk, united kingdom

May 12, 2024 @ 11:04 pm By Omar Faridi  |  

iwoca announces a new £270m package of debt funding, taking total gross investment in the company to over £1bn since it was founded in 2012. iwoca has received £150m (€175m) in debt financing commitments from Citibank and Insight Investment to “support the company’s growth in… Read More

 Tagged funding, iwoca, uk, united kingdom

May 12, 2024 @ 7:09 pm By Omar Faridi  |  

Many countries have launched or are in the process of launching instant payment rails, which are transforming how payments are made and processed, the researchers at Juniper Research noted. However, one key limitation with national payment rails is “that they can only facilitate payments domestically,… Read More

 Tagged digitalization, payments, research, southeast asia

May 12, 2024 @ 7:04 pm By Omar Faridi  |  

Venmo announced the third Venmo Small Business Grant, a program for small businesses that will provide financial grants and mentorship to 10 Venmo business profile users. In the program’s third year, selected businesses will each “receive $20,000 for expenses, such as rent, supplies, marketing, or… Read More

 Tagged financing, fintech adoption, small businesses, venmo

May 12, 2024 @ 7:02 pm By Omar Faridi  |  

Nium, the global enabler of real-time cross-border payments, announced a partnership with Emirates NBD, a banking group in the MENA and Türkiye region, to empower customers with a cutting-edge global payments solution that will aim to “redefine the financial services landscape in the Middle East… Read More

 Tagged emirates nbd, fintech adoption, mena, nium

May 12, 2024 @ 4:14 pm By Omar Faridi  |  

Wealthfront, a consumer Fintech and pioneer of the robo-advisor industry, announced an Automated Bond Ladder that enhnaces how investors use US Treasuries to maximize interest on their extra cash. This addition to Wealthfront’s product suite is described as “a liquid, low-risk way to earn a… Read More

 Tagged bonds, wealthfront, wealthtech