General News

September 20, 2021 @ 11:40 am By Omar Faridi  |  

Digital assets firm Circle notes that at the beginning of July 2021, they had announced support for stablecoin USDC on the TRON blockchain, which is one of the largest open (or permissionless) blockchain networks. TRON aims to support a wide crypto ecosystem “popular within Asian… Read More

September 20, 2021 @ 8:04 am By Omar Faridi  |  

London-headquartered crypto Regtech firm Coinfirm reveals that it has finalized an $8 million Series A round. The company has also announced the appointment of Dr. Mircea Mihaescu as their new CEO. Coinfirm’s investment round has been co-led by SIX Fintech Ventures, which is the corporate… Read More

September 20, 2021 @ 6:16 am By Omar Faridi  |  

Transact, the provider of payment and credential services for a connected campus, reveals that it has appointed Laura Newell-McLaughlin as Executive Vice President, Payments. Recently, Newell-McLaughlin worked as Chief of Staff to the CEO and was responsible for leading payments strategy, helping to implement and… Read More

September 19, 2021 @ 4:53 pm By Omar Faridi  |  

TrueAccord Corporation, which provides intelligent digital recovery and communication products and services, reveals that it has introduced Retain, a new, client-branded product that aims to address early-stage collection challenges for lenders and various other organizations with clients with “past-due delinquent accounts.” Using the firm’s patented,… Read More

September 19, 2021 @ 11:43 am By Omar Faridi  |  

Over 70% of UK SMEs claim that they’re beginning to bounce back following the COVID-19 outbreak, according to a survey performed by Capify, a small business lender backed by Goldman Sachs (NYSE:GS). The Capify survey, released earlier this week, found that the United Kingdom’s small… Read More

September 17, 2021 @ 10:55 am By JD Alois  |  

Draper Esprit (LSE:GROW), a publicly-traded venture capital firm, has distributed an update on investment activity. Key to its results is the exit opportunity from Cazoo, a firm that was recently listed on the NYSE generating $1 billion in proceeds. Cazoo’s current market cap is around… Read More

September 17, 2021 @ 9:12 am By Omar Faridi  |  

EY, an international consulting and tech firm, is working with Polygon on developing and implementing scaling and enterprise services for the Ethereum (ETH) ecosystem. As part of this collaboration, EY and Polygon will be working cooperatively on Polygon Nightfall, a public, privacy-oriented Rollup. EY will… Read More

September 17, 2021 @ 8:18 am By Omar Faridi  |  

Validis, the provider of open accounting data analytics, reveals that it has teamed up with Bank North, the recently accredited SME-focused virtual bank. Having acquired a UK banking permit (Authorization with Restrictions), Bank North is prepared to launch its first lending pod in Manchester this… Read More

September 16, 2021 @ 6:22 pm By Omar Faridi  |  

The Infocomm Media Development Authority (IMDA), Monetary Authority of Singapore (MAS), and Singapore Police Force (SPF) recently revealed that malicious actors overseas had been able to divert and use SMS one-time passwords (OTPs) to carry out fraudulent credit card transfers impacting 75 banking clients based… Read More

September 16, 2021 @ 4:10 pm By Omar Faridi  |  

Intuit (Nasdaq: INTU), the international tech platform that develops TurboTax, QuickBooks, Mint, and Credit Karma, reveals that it will be acquiring Mailchimp, an established customer engagement and marketing service for SMEs. The planned Mailchimp acquisition for around $12 billion in cash and stock aims to… Read More

September 16, 2021 @ 10:11 am By JD Alois  |  

Finovate has published its 2021 award winners that span a broad spectrum of Fintech verticals and areas of recognition.  Finovate is a longstanding event that focuses on early stage Fintech ventures that frequently are interested in raising venture funding. This year’s awards feature excellence in… Read More

September 14, 2021 @ 9:38 pm By JD Alois  |  

Conister Bank Limited, part of Manx Financial Group PLC (AIM:MFX), has agreed to an increase of £3.25 million to an existing block financing agreement of £3 million with Time Finance Limited bringing the total agreement to £6.25 million. Conister has been operating in the UK… Read More

September 14, 2021 @ 11:34 am By Omar Faridi  |  

Broadway Technology, an established provider of high-performance front-office services, reveals that it has hired Dan Romanelli to serve as Head of Relationships. In his new role, Romanelli will be tasked with supporting key business development initiatives and customer relationship management. He will be overseeing an… Read More

September 14, 2021 @ 9:40 am By Omar Faridi  |  

James Butterfill, Investment Strategist at London-based CoinShares, a digital asset manager focused on expanding access to the cryptocurrency ecosystem while serving as a “trusted partner” for its clients, notes in a blog post published on Monday (September 13) that for the week ending September 10,… Read More

September 14, 2021 @ 9:09 am By Omar Faridi  |  

The Aventus Network (AvN), a blockchain protocol that reportedly makes Ethereum (ETH) transactions cheaper, faster and more efficient, has made several updates to the architecture of its platform, “enabling the creation, transfer and storage of non-fungible tokens (NFTs) on the Network,” according to a release… Read More

September 14, 2021 @ 1:37 am By JD Alois  |  

The British Business Bank has published a list of 158 companies in which it holds equity following the Future Fund COVID support program. The Future Fund was established to backstop UK early-stage ventures that did not qualify for other COVID relief programs. The Future Fund… Read More

September 13, 2021 @ 7:51 am By Omar Faridi  |  

Stockholm-headquartered Qred, a small business lending service provider, has reportedly received a substantial investment from Nordic Capital. Although the exact amount invested has not been shared publicly, Sweden’s Breakit.se reveals that Nordic Capital may have invested just over half a billion kronor (appr. €49 million)… Read More

September 12, 2021 @ 11:28 pm By Omar Faridi  |  

UK’s MarketFinance, one of the largest P2P invoice financing platforms, notes that if you’re a regular “around these parts,” then you’ll have most likely seen their “flex loans” cropping up quite often. As explained by MarketFinance, flex loans give small businesses fast and “flexible access”… Read More

September 12, 2021 @ 11:37 am By Omar Faridi  |  

Women Returners and Innovate Finance have teamed up to establish a cross-company returner program, which aims to encourage professionals to try re-entering the Fintech industry after long-term or extended career breaks. UK’s digital bank Starling, Fintech Unicorn Klarna and PrimaryBid will reportedly take part in… Read More

September 12, 2021 @ 10:27 am By Tony Zerucha  |  

Fraud prevention company SEON is partnering with GBG APAC, a digital identity services provider, to strengthen online fraud prevention for banks, Fintechs, and digital banks across the Asia Pacific region. SEON’s technology is fully integrated into the GBG Intelligence Centre and the alliance will combine… Read More