October 18, 2023 @ 8:42 am By JD Alois  |  

Globacap has announced raising $21 million in Series B funding backed by Cboe. Other investors include Moore Strategic Ventures, LLC, the Johannesburg Stock Exchange (JSE), as well as GABI Ventures and QBN Capital.  Globacap is another entrant in the private securities market, seeking to consolidate… Read More

 Tagged globacap, myles milston, uk, united kingdom

October 18, 2023 @ 7:20 am By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has reportedly agreed with Fintech Modulr to place customer onboarding restrictions until the service provider adheres to applicable regulatory guidelines. At the start of this month, the FCA had placed a restriction for the firm, which prevents it from… Read More

 Tagged compliance, digital financial services, europe, financial conduct authority, financial services, infrastructure, modulr, payments, uk, uk fca, united kingdom

October 17, 2023 @ 11:17 pm By Omar Faridi  |  

iwoca, which claims to be one of Europe’s largest SME lenders, announces a new funding line with initial commitments of £200 million from Barclays and Värde Partners. In January this year, iwoca secured “an increase and extension to its existing funding line, with long-standing partner… Read More

 Tagged barclays, christoph rieche, europe, financial services, funding line, iwoca, lenders, lending, small businesses, smbs, sme's, varde partners

October 17, 2023 @ 9:45 pm By Omar Faridi  |  

At Payhawk, their primary focus is their clients. Customer-centricity has been the most critical part of their culture from day one, and they claim to make it a priority to listen to customer feedback and iterate and improve their solution based on their needs. The… Read More

 Tagged europe, financial services, fintech trends, payhawk, progres report

October 17, 2023 @ 9:30 pm By Omar Faridi  |  

Bank of America Institute (NYSE: BAC), the internal think tank that uses Bank of America’s proprietary data from their 68 million consumer accounts to glean insights into the US economy, has released a report. The update looks into how consumers are faring given the current conditions…. Read More

 Tagged bank of america, boa, Digital Economy, gig economy, gig work, insights, research, Research Study, united states, us

October 17, 2023 @ 9:20 pm By Omar Faridi  |  

Revolut, the global financial superapp with more than 35 million customers worldwide, has revealed a significant expansion to its Financial Crime (FinCrime) headcount, doubling its size since 2021. Recognizing the critical role of human intelligence in fraud detection and prevention, alongside technology and AI, Revolut… Read More

 Tagged financial crime, financial superapp, fintech apps, fraud, fraud prevention, fraudulent activities, progress report, revolut

October 17, 2023 @ 4:45 pm By Omar Faridi  |  

Adyen (AMS: ADYEN), the global financial technology platform of choice for leading businesses, brings Tap to Pay on iPhone to its Australian retailer customers. By partnering with NewStore for the launch, businesses “including R.M.Williams, Lorna Jane, and Munro Footwear Group, parent company to Mathers, Williams,… Read More

 Tagged adyen, apple, australia, europe, financial technology, fintech adoption, fintech trends, iphone, retail services, stephan schambach, tap to pay

October 17, 2023 @ 10:23 am By Omar Faridi  |  

Edinburgh-based venture capital firm Par Equity has today announced the launch of its new venture fund – Par Equity Ventures I LP. The firm has secured “a first close of £67m to boost innovative technology companies with high-growth potential in the North of England, Northern… Read More

 Tagged british business investments, edinburgh, europe, investments, judith hartley, vc, venture capital, venture fund

October 17, 2023 @ 9:36 am By JD Alois  |  

Goldman Sachs (NYSE:GS) has reported Q3 earnings that delivered strong revenues but reversed on the bottom line in comparison to Q3 2022. Goldman reported revenues of $11.82 billion and net earnings of $2.06 billion for the quarter ending in September. Earnings per share (EPS) were… Read More

 Tagged goldman sachs

October 17, 2023 @ 9:01 am By JD Alois  |  

FinanceHQ has emerged from stealth mode. The startup was launched inside Wilbur Labs in San Francisco, led by a former Betterment exec. Alex Choi is the Fintech’s CEO. Choi spent five years at Betterment, with his most recent position being Head of Strategy & Operations… Read More

 Tagged alex choi, betterment