General News

August 24, 2021 @ 8:48 am By JD Alois  |  

Conister Finance & Leasing has been approved as a British Business Bank accredited lender for the UK Government’s Recovery Loan Scheme (RLS). Conister is part of Manx Financial Group (AIM:MFX). The company says the announcement comes at a time when the Government-backed Bounce Back Loan… Read More

August 24, 2021 @ 8:38 am By Omar Faridi  |  

Newly-introduced SME bank, Recognise Bank, reveals that it has acquired £14 million in funding, which includes a recent investment from one of its existing shareholders. The capital injection means that Recognise Bank has now satisfied the financial requirements established by the PRA (Prudential Regulation Authority),… Read More

August 23, 2021 @ 11:11 pm By Omar Faridi  |  

Kiplepay, a wholly owned division of Green Packet, has teamed up with Visa (NYSE: V) in order to offer the Kiple Visa Prepaid Card. Through the partnership, which was first announced last year, Kiplepay and Visa have introduced the prepaid card which aims to support… Read More

August 23, 2021 @ 2:27 pm By JD Alois  |  

The Small Business and Entrepreneurship Council (SBE Council) is warning that the Biden Administrations’ tax plan would raise taxes on 2.1 million small businesses – in contrast to the Administrations’ claims. Last week, the White House issued a Fact Sheet on the plan claiming the… Read More

August 23, 2021 @ 11:37 am By Omar Faridi  |  

Aspiration Partners Inc., a Marina del Rey-headquartered Fintech firm that provides clients with tools to help with prioritizing sustainability in their spending habits, is set to go public through a merger with a blank check company. As mentioned in a release, the deal with InterPrivate… Read More

August 23, 2021 @ 9:20 am By Omar Faridi  |  

PostFinance, the financial services division of Swiss Post, has reportedly hired Benjamin Staeheli to serve as their Head of Payment Solutions. He’ll be joining the Executive Board as of  January 1, 2022, the announcement confirmed. Benjamin Staeheli possesses a degree in business administration from the… Read More

August 22, 2021 @ 7:00 pm By Omar Faridi  |  

Investment management company Investcorp and Singapore’s private capital exchange ADDX have teamed up to further expand the use of digital securities in the private markets. The first product that been introduced under the partnership is a diversified portfolio of US residential properties from the Sunbelt… Read More

August 22, 2021 @ 3:35 pm By Omar Faridi  |  

European payments company Worldline and Switzerland’s digital asset platform Bitcoin Suisse recently announced the official launch of their omnichannel cryptocurrency payment solution, called WL Crypto Payments. The integrated solution has been designed to enable over 85,000 Switzerland-based merchants on Worldline’s network to take Bitcoin (BTC)… Read More

August 22, 2021 @ 1:27 pm By Omar Faridi  |  

Anchorage Digital, which aims to advance institutional participation in the digital assets space, reveals that institutions are now able to take part in Aave (AAVE) governance via on-chain voting offered by Anchorage digital bank. Aave is an open-source and non-custodial protocol for generating interest on… Read More

August 21, 2021 @ 7:51 pm By Omar Faridi  |  

The team at Astra Protocol, which aims to equip the decentralized finance (DeFi) space with a complete legal layer and unlock the future growth of the industry, notes that operating within DeFi comes with “unpredictability” as well as key opportunities. Some of the main benefits… Read More

August 21, 2021 @ 8:49 am By Omar Faridi  |  

Sightline Payments revealed, earlier this week, the completion of a $244 million round valuing the firm at more than $1 billion. With this capital injection, Sightline becomes Nevada’s very first Fintech Unicorn—one of almost 700 startups globally to be valued at $1 billion+ as a… Read More

August 20, 2021 @ 3:19 pm By Omar Faridi  |  

Teslar Software, a provider of portfolio management tools that aggregate and automate the lending process and deposit operations for community financial institutions, reveals that it has teamed up with Citizens Bank & Trust in order to enhance lending processes from “beginning to end.” This should… Read More

August 20, 2021 @ 10:04 am By Omar Faridi  |  

Alto recently named Amin Dabit as their Chief Operating Officer Dabit has joined the next-gen alternative investment IRA custodian amid “significant growth” according to an update and detailed discussion with Crowdfund Insider on Thursday (August 19, 2021). Alto Solutions, Inc. (Alto), the next-gen self-directed IRA… Read More

August 20, 2021 @ 9:41 am By Omar Faridi  |  

Goldex, a multi-dealer marketplace for allocated physical gold, reveals that it has introduced a free-of-cost online academy to “democratize” financial literacy around gold. Goldex Academy will be hosting a “dedicated” vault of informative content with insights on how to go about making investments in gold…. Read More

August 19, 2021 @ 7:25 pm By Omar Faridi  |  

Touch ‘n Go Group (TNG) and Principal Asset Management revealed on August 18, 2021 that they’re introducing the Principal e-Cash Fund, which is the underlying fund for Touch ‘n Go’s GO+. This product is now Shariah-compliant, the update confirmed. TNG’s management noted that this makes… Read More

August 19, 2021 @ 11:10 am By Omar Faridi  |  

MX, the financial data platform and recognized leader in “modern connectivity,” reveals that it has teamed up with BECU, which is one of the largest credit unions in the US. Through the partnership, the companies aim to offer a mobile app feature, called Quick Save,… Read More

August 18, 2021 @ 8:50 pm By Tony Zerucha  |  

Bank Cartel Claims Europe (BCCE), a joint-venture of law firm Grantley Sinclair LLP and litigation finance firm Commercial Damages Claims Limited this week announced a $12 million funding round for its dedicated litigation finance fund, the Bank Cartel Claims Fund (BCCF). The fund provides institutional… Read More

August 18, 2021 @ 10:12 am By Omar Faridi  |  

Heap, the Digital Insights platform, reveals that it has made new additions to the firm’s C-Suite: Ahmed Quadri joins as Chief Customer Officer, and Sean Andrew is now serving as Chief Revenue Officer. As mentioned in a release shared with CI, Quadri and Andrew represent… Read More

August 18, 2021 @ 9:29 am By Omar Faridi  |  

GLORY LTD., an international provider of cash tech solutions to the financial, retail and quick service restaurant industries, reveals that it will aim to become the “cornerstone” investor in the UK’s OneBanks, the shared branch banking “innovator,” as part of a Series A round in… Read More

August 18, 2021 @ 9:15 am By Omar Faridi  |  

CLEVR, the low-code and no-code software-with-a-service specialist, reveals that it has acquired Digitread, one of the emerging companies focused on Product Lifecycle Management (PLM) system integration and a “platinum-level” solution partner of Siemens. The acquisition should help raise CLEVR‘s profile and support its geographic and… Read More