General News

Startupbootcamp Announces 10 African Startups Selected For AfriTech Global Accelerator Program

Startupbootcamp (SBC) AfriTech announced last week the Top 10 African Innovators selected to participate in the globally renowned, multi-corporate backed accelerator program for 2018. According to SBC, following an intensive 3-month global scouting tour, across 15 countries, and inclusive of 19 FastTrack events and 220… Read More

Silicon Valley Bank & First Data Welcomes Class 8 of Commerce.Innovated.

Earlier this week, Silicon Valley Bank and First Data (NYSE: FDC) announced they have selected five startups to participate in Class 8 of Commerce.Innovated., an accelerator designed to help commerce, payments and fintech companies grow their businesses. According to the duo, the Commerce.Innovated. four-month program provides participants with operational mentorship… Read More

PayStand Announces Partnership With Commerce.Innovated to Build Out Blockchain-B2B Payments Network

PayStand, the blockchain-based, B2B payments company reinventing commercial finance, today announced that it is partnering with Silicon Valley Bank and First Data in Class 8 of Commerce.Innovated., an accelerator program focused on growth and innovation in finance. According to PayStand, Commerce. Innovated is designed to help… Read More

Overfunding: Glint Quickly Surpasses £1.2 Million Funding Target Through Crowdcube Campaign; Addresses GoldMoney Founder’s Criticism

Just days after launching its equity crowdfunding campaign on Crowdcube, UK fintech Glint has successfully secured its initial £1.2 million funding target, thanks to nearly 300 investors. The funding round is part of Glint new Series A funding round, which is seeking a total of… Read More

Mastercard Granted Patent to Link Cryptocurrency With Fiat Accounts

Mastercard has reportedly been granted a patent to link cryptocurrency with Fiat accounts. According to its filing, the patent was created to manage fractional reserves of blockchain currency comprising: storing, in a first central account, at least a fiat amount associated with a fiat currency.  The company reported:… Read More

Money20/20 Launches Rise Up Program to Foster Gender Inclusivity Within the Financial Services & Fintech Industries

On Wednesday, Money20/20 announced the upcoming launch of Rise Up, a program that was created in an effort to foster gender inclusivity within both the financial services and fintech industries. According to Money20/20, Rise Up is also designed to empower the next generation of female… Read More

Robo.cash & LLP Zaymer Expand Partnership into Kazakhstan to Launch TezCredit

The European Р2Р platform Robo.cash and alternative lender LLP Zaymer have expanded their partnership by delivering a new opportunity for investments in Central Asia on the platform – installment loans TezCredit with a repayment period up to 12 months and an expected interest rate up… Read More

Shyft Announces Partnership With Polymath to Accelerate Global Financial Ecosystem Growth Using Blockchain

Shyft, a global blockchain-based network that facilitates secure sharing of attested and compliant data has announced the signing of a Letter of Understanding with security token creation platform Polymath. Shyft reported that as part of the partnership, Polymath will become an active ecosystem participant and data provider for the… Read More

UK’s Investment Association Announces First Cohort of Fintech Innovators of Velocity Accelerator Program

On Wednesday, UK’s Investment Association (IA) announced the first cohort of fintech innovators for Velocity, the IA’s specialist fintech accelerator for the asset management industry. According to IA, the 24 Velocity Advisory Panel is chaired by Graham Kellen, Chief Digital Officer of Schroders, and comprised of… Read More

BBVA Update: Apple Pay is Now Available for Customers in Spain

BBVA announced on Wednesday that Apple Pay is now officially available for customers in Spain. According to BBVA, Apple Pay is aiming to transform mobile payments with a secure and private way to pay.  According to BBVA,  customers just need to use a credit or debit… Read More

Fifth Third Launches New Online Platform For Executing & Confirming Foreign Exchange Trades

Fifth Third Bank announced on Tuesday its Financial Risk Solutions group introduced Fifth Third Market Trade, which is described as an online platform for executing and confirming foreign exchange trades. According to Fifth Third, Fifth Third Market Trade is accessible through Fifth Third Direct and provides… Read More

Trade Finance Distribution Platform Tradeteq Secures $6.3 Million During Seed Extension Funding Round Led By ADV

Tradeteq, a UK-based trade finance distribution platform, has successfully secured $6.3 million through its Seed Extension round, which was led by ADV. Founded in 2016, Tradeteq notably provides a collaborative network for trade finance investors and originators to connect, interact, and transact. The company also delivers AI-powered… Read More

Wistia Says No to VC Money, Raises Debt to Buy Out Investors Instead

Wistia, a video software company for small and medium-sized businesses, has chosen a path less traveled by turning their back on VCs and other investors. Chris Savage, CEO and co-founder of Wistia, says when they started the company over a decade ago, the goal was to… Read More

Canada’s Largest Credit Union Coalition Joins Global Blockchain Ecosystem R3

The Large Credit Union Coalition (LCUC), a group comprising the CIOs of the 16 largest credit unions in Canada, announced on Tuesday it has joined enterprise software firm R3’s global blockchain ecosystem. The LCUC reported that it will join R3’s network of more than 200 financial… Read More

AutoGravity Appoints Alex Mallmann As New CEO; Names Jason Bonifay Chief Technology Officer

AutoGravity, a fintech provider modernizing the way consumers buy and finance automobiles, announced on Tuesday it has appointed Alex Mallmann as President and Chief Executive Officer, and Jason Bonifay as Chief Technology Officer. According to AutoGravity, the announcement comes as the company hits a new milestone,… Read More

Tandem Reaches 250,000 Customers & Announces Mortgage Market Launch Plans

Just two months after surpassing 100,000 customers, UK-based challenger bank Tandem has successfully attracted 250,000 customers to its platform. Not only is the fintech celebrating the number of users, it is also reportedly planning to launch its very own mortgage market.  According to Financial Reporter, Tandem… Read More

India Financial Service Company Bajaj Finserv Announces New Partnership With Plug and Play

Bajaj Finserv, an India-based financial service company, announced last week it has formed a partnership with global innovation platform, Plug and Play, to tap into startups that will add value for their customers. Bajaj Finserv claims it is the first Indian company to partner with… Read More

Crypto is Experiencing Dramatic Growth – But Where Are The Women?

Male and white – this was the start of the cryptocurrency world. Since the early days of cryptocurrencies, miners, and blockchain developers have been comprised of men – and today’s token projects are reflective of that gender disparity. There is a gender imbalance in the… Read More

Goldex Launches Peer-to-Peer Gold Trading Platform in London

Goldex, UK-based trading technology platform that allows users to invest in physical gold, announced on Monday it has launched in London. According to Goldex, retail customers may now have the chance to easily invest in physical gold at the best prices and use it as… Read More

Finders Bill: Legislation in Congress May Help Small Firms Raise Capital and this Paper Explains Why

Small businesses in the US, and just about every other country, are the life blood of the economy where they operate. This is a fact. Providing access to capital to smaller firms is thus a vital need to drive economic growth, create jobs, and enable… Read More