General News

May 10, 2022 @ 8:18 am By Omar Faridi  |  

According to Carta data, the market for secondary liquidity “is still heating up.” Carta recently shared what they know: Q1 2022 saw a 57% increase over Q1 2021 in the number of secondary deals Dollars transacted rose $357M (+95%) over the Q1 2021 total Most… Read More

May 9, 2022 @ 9:32 pm By Omar Faridi  |  

The Fintech Open Source Foundation (FINOS) recently announced Wellington Management, one of the “largest” independent investment management firms, as its newest Platinum member. In addition, Wellington’s Co-Head, Technology, Madeleine Dassule will “join the FINOS board of directors.” As noted in an update shared with CI,… Read More

May 9, 2022 @ 6:43 pm By Omar Faridi  |  

Hilary Wiek, CFA, CAIA Lead Analyst, Fund Strategies & Sustainable Investing, notes that when Pitchbook last reported their benchmark returns, performance “was through June 2021.” The research report also mentioned that vaccines “were available, masks were coming off, and many office workers had resumed their… Read More

May 9, 2022 @ 6:39 pm By Omar Faridi  |  

Pindrop, an international “leader” in voice tech, has announced a partnership with Google Cloud that will enable it “to build and offer new authentication solutions to enhance call center experiences for customers on Google Cloud’s platform.” Pindrop will also make its suite of fraud detection… Read More

May 9, 2022 @ 5:26 pm By JD Alois  |  

SPACs, once red hot topping the traditional IPO market, have dimmed in recent months as the Securities and Exchange Commission has proposed new rules that may make the financing vehicle less viable. Today, the most prominent investment bank in the US, Goldman Sachs (NYSE:GS), has… Read More

May 9, 2022 @ 10:33 am By Omar Faridi  |  

Fintech startup FQX, which is known for its eNote, a blockchain-powered debt instrument, has appointed James H. Freis, Jr. as the firm’s new Regulatory Technology Officer. Freis draws upon his experience “from the public and private sectors in Europe, the United States, and globally, to… Read More

May 9, 2022 @ 9:00 am By JD Alois  |  

Valia Ventures, an early-stage VC firm, has closed on $50 million in commitments for an oversubscribed second fund – Valia Ventures II. Valia Ventures II is described as bringing together a strategic group of limited partners including startup founders, technology executives, international family offices, and… Read More

May 8, 2022 @ 11:31 pm By Omar Faridi  |  

Czech company DoDo Group, “specialists” in last-mile B2B logistics tech, recently announced a €60 million Series B round led by EC Investments and J&T Capital. The funds will be used “to further develop DoDo’s data-driven logistics platform and drive the group’s expansion into Western and… Read More

May 8, 2022 @ 11:26 pm By Omar Faridi  |  

Hetz Ventures, one of Israel’s seed-stage venture capital funds, recently announced the closing of its third fund of $123 million. The new fund, Hetz III, brings the firm’s total assets under management to nearly $300 million, and like its previous fund, “was heavily oversubscribed.” Hetz… Read More

May 8, 2022 @ 4:46 pm By Omar Faridi  |  

The Luxembourg Stock Exchange (LuxSE) and the United Nations Entity for Gender Equality and the Empowerment of Women (UN Women) have signed a Memorandum of Understanding (MoU) in order “to strengthen their cooperation and promote joint initiatives to advance financing for gender equality and women’s… Read More

May 8, 2022 @ 4:26 pm By Omar Faridi  |  

CleverTap, which claims to be one of the leading retention Clouds, recently added to its core leadership team “with the appointment of Honey Bajaj as SVP & Global Chief of Consumer Experience.” In this position, Bajaj will be expected to “pioneer CleverTap’s extensive program to… Read More

May 8, 2022 @ 12:13 pm By JD Alois  |  

EY’s Entrepreneur of the Year – New York,  list of finalists has been posted and multiple Fintech founders are on the list. Kendrick Nguyen, CEO and founder of Republic is on the list. Republic has delivered a stellar year having raised money, purchased an international… Read More

May 8, 2022 @ 11:57 am By Omar Faridi  |  

Humanity 2.0 is a non-profit organization “tackling obstacles to humanity’s socio-economic and cultural development through leadership, media, and technology.” This global project is chaired by Father Philip Larrey, Dean of Philosophy “at the Pope’s University (Pontifical Lateran University) in Vatican City.” Sensorium is “a global… Read More

May 7, 2022 @ 4:39 pm By Omar Faridi  |  

API3, the first-party blockchain Oracle solution offering a “seamless” Web3 wrapper that enables web API providers to offer their data directly on-chain, recently announced that API3 QRNG, based on the Australian National University (ANU) Quantum Numbers API, “is now live, allowing Web3 entities to access… Read More

May 7, 2022 @ 2:37 pm By Omar Faridi  |  

GoCardless, which claims to be a leader in direct bank payment solutions, has announced the appointment of Paul Stoddart as President. Stoddart joins from Mastercard where he “was President of its New Payment Platforms, Executive Chairman of Vocalink and a Member of the Mastercard Management… Read More

May 6, 2022 @ 9:48 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has distributed a Dear CEO letter to firms pitching credit in relation to their potentially misleading advertising. The FCA states that it has issued almost 28,000 consumer credit firms warning them not to use terms such as “no credit… Read More

May 5, 2022 @ 10:43 pm By Omar Faridi  |  

Metro Bank is reportedly one of the signatory companies “pledging support for the National Literacy Trust’s Vision for Literacy Business Pledge.” Poor adult literacy skills mean that one in seven adults in England “have the reading skills of a nine to eleven year old.” Poor… Read More

May 5, 2022 @ 3:56 pm By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC) is out with a report warning about the interconnected risks of the global financial industry. As if we didn’t need something else to cause concern, DTCC says the nature of these risks continues to evolve occurring with greater… Read More

May 5, 2022 @ 3:44 pm By Omar Faridi  |  

Allen & Overy’s technology innovation hub, Fuse, has launched its sixth cohort with “a record number of technology companies.” This year, Fuse will host 16 businesses headquartered across the U.S. and Europe as it “reopens its physical space in A&O’s London office, which it will… Read More

May 5, 2022 @ 9:10 am By JD Alois  |  

The Bank of England, Monetary Policy Committee (MPC), has announced a 25 basis point increase bringing its Bank Rate to 1%. According to a statement by the BoE, the MPC voted by 6-3 to increase Bank Rate by 0.25 percentage points. Those members in the… Read More