May 15, 2021 @ 7:05 am By Omar Faridi  |  

UK-based Fintech firm VitraCash recently finalized its pre-seed funding round with £330,000 in capital coming from nearly 1,000 different investors. The company is now planning to introduce its “first-of-its-kind” smart debit card during Q3 2021. As mentioned in an update shared with CI: “With their… Read More

 Tagged crowdcube, debit card, debit cards, europe, foreign exchange, fx, investments, koray koska, payments, uk, united kingdom, vitracash

May 14, 2021 @ 10:20 pm By Samantha Hurst  |  

  OptioPay, a Germany-based open banking solution provider, recently announced it has increased its Series B round, originally closed in September 2020, going from €5.75 million to €11 million.  Eos Venture Partners, AB Ventures, and Seed X Liechtenstein are new investors in the round, joining existing backers… Read More

 Tagged digital solutions, germany, investment, open banking, optiopay, series b

May 14, 2021 @ 9:30 pm By Samantha Hurst  |  

Ibanera, a global fintech, announced on Thursday it has teamed up with BitAML, an international compliant advisory firm for bitcoin and cryptocurrency market, for compliance advisory services. Through the collaboration, BitAML will be providing digital asset compliance consulting for Ibanera cryptocurrency-related activities. According to Ibanera, BitAML… Read More

 Tagged advisory, bitaml, cryptocurrency, cryptocurrency compliance, digital currency, digital tokens, fintech, global, ibanera, partnership

May 14, 2021 @ 8:58 pm By Samantha Hurst  |  

  Airwallex, an Australia-based fintech company, announced earlier this week it received its Electronic Money Institution (EMI) licence from the Dutch Central Bank (De Nederlandsche Bank, DNB). Airwallex reported that the license, which was obtained on April 30th, gives it access to the European single market…. Read More

 Tagged airwallex, dutch central bank, e-license, electronic money institution, uk, united kingdom

May 14, 2021 @ 1:57 pm By Omar Faridi  |  

UK Finance, a trade association for the UK banking and financial services sector (representing around 300 local companies offering credit, banking, markets and payment-related services), has shared an analysis of almost 7,000 authorized push payment (APP) scam incidents. The analysis reveals that around 70% of… Read More

 Tagged consumer behavior, cybercriminals, david postings, europe, financial crime, fraud, fraudulent activities, internet scams, money mules, online safety bill, online scams, scams, uk, united kingdom

May 14, 2021 @ 11:24 am By Samantha Hurst  |  

    Sharegain, a UK-based fintech, announced earlier this week it has launched BetterLend. According to Sharegain, BetterLend allows clients to deliver social and environmental change through their securities lending actives. “Through BetterLend, Sharegain clients are using their lending activity to create positive change across four… Read More

 Tagged betterlend, online lending, securities, sharegain, uk, united kingdom

May 14, 2021 @ 10:41 am By JD Alois  |  

N26, a leading digital bank based in Germany, has garnered additional scrutiny by federal regulators for apparent shortcomings went it comes to anti-money laundering (AML) compliance. Earlier this week it was announced that N26 has been assigned a “special monitor” by the German financial services… Read More

 Tagged bafin, banking, digital banking, germany, n26

May 14, 2021 @ 8:53 am By Samantha Hurst  |  

    Happy Returns, a U.S.-based returning product startup, announced on Friday it has been acquired by PayPal Holdings, Inc. (NASDAQ:PYPL). Founded in 2015, Happy Returns seeks to retain revenue, reduce cost, give shoppers choice, and make supply chains sustainable by making returns “beautiful” for… Read More

 Tagged acquisition, happy returns, paypal, u.s., united states

May 14, 2021 @ 8:08 am By Samantha Hurst  |  

    Guru Capital announced on Friday it is set to acquire UK-based fintech, Oval Money. According to Guru Capital, Oval Money will be integrated into its portfolio company, CFD Broker ETX Capital. As previously reported, Oval Money provides easy to read, readily available information… Read More

 Tagged acquisition, guru capital, investment, oval money, seedrs, uk, united kingdom

May 14, 2021 @ 2:28 am By Omar Faridi  |  

ilumoni, a Fintech app that aims to assist consumers with borrowing, has secured £1.2 million in an over-subscribed seed funding round. ilumoni has finalized its round after introducing the Beta version of its app earlier this year. ilumoni is a “purpose-led,” AI-enhanced Fintech solution provider… Read More

 Tagged borrowing, europe, financial literacy, financial planning, fintech apps, gary wigglesworth, ilumoni, investment round, james eden, simon moran, uk, united kingdom