General News

July 7, 2021 @ 7:00 pm By Omar Faridi  |  

Mette Ingeman Pedersen will reportedly be joining Saxo Bank as the firm’s newly appointed Group Chief Financial Officer and member of the Board of Management and Executive Team. Mette will be reporting directly to Kim Fournais, CEO and Founder at Saxo Bank, a Danish investment… Read More

July 7, 2021 @ 6:26 pm By Tony Zerucha  |  

Some old favorites top the list of the most attractive countries to invest in post-COVID-19, the 2021 Venture Capital and Private Equity Country Attractiveness Index reveal.  The USA takes the top spot, with the United Kingdom, Japan, Germany, and Canada rounding out the top five…. Read More

July 7, 2021 @ 9:00 am By Tony Zerucha  |  

P2P university recruitment platform Unibuddy has raised $20 million in financing in a Series B round led by Highland Europe and also featuring Stride.VC. Since its 2017 debut, Unibuddy has raised $32 million in total. More than 200 universities around the world have signed on… Read More

July 7, 2021 @ 7:58 am By Omar Faridi  |  

UK-based Creditspring, the Financial Conduct Authority-regulated consumer credit solution provider, now claims around 50,000 members since it launched operations back in 2016. This is a key milestone for Creditspring, a company that aims to improve the financial wellbeing of 100,000 members by the end of… Read More

July 7, 2021 @ 1:20 am By Omar Faridi  |  

Cirralto Limited (ASX: CRO) has committed to a binding share sale agreement in order to acquire Sydney-headquartered Fintech firm, Invigo Pty Ltd. with a completion date of July 12, 2021. The deal is currently subject to the fulfillment of conditions precedent under the SSA. The… Read More

July 7, 2021 @ 12:22 am By Omar Faridi  |  

The New Payments Architecture (NPA) will aim to offer various benefits for businesses and personal clients residing in the United Kingdom, which may assist with improving the way they control their professional and personal transactions while creating more innovation opportunities. The adoption of the ISO… Read More

July 6, 2021 @ 12:06 pm By JD Alois  |  

The British Business Bank has published final data on the COVID relief programs that saw £79.3 billion in government-backed loans distributed to 1.67 million businesses. The UK government created multiple lending schemes designed to support businesses impacted by the Coronavirus. Both traditional financial services firms,… Read More

July 6, 2021 @ 7:53 am By Omar Faridi  |  

Leading European digital asset manager CoinShares will be acquiring Global Blockchain Equity Index, according to a release. As noted in the announcement, dated July 6, 2021, CoinShares is set to expand its footprint into equities market with its acquisition of the exchange-traded -fund or ETF… Read More

July 5, 2021 @ 9:04 pm By Omar Faridi  |  

The Build for Bahrain Acceleration Program, held in partnership with Bahrain Fintech Bay and the US State Department’s MEPI, has now ended with the three winning teams successfully completing the acceleration program and 3-month incubation period (held at Bahrain FinTech Bay). The program (in Bahrain)… Read More

July 5, 2021 @ 1:22 pm By Omar Faridi  |  

Switzerland’s banking company Credit Suisse (SWX: CSGN) has announced that ex- Goldman Sachs (NYSE:GS) technology executive Joanne Hannaford will now serve as its Chief Technology and Operations Officer. Joanne Hannaford will be replacing current COO James Walker who will be taking up a new role in the United… Read More

July 5, 2021 @ 11:33 am By Priyanka Pani  |  

Apollo Global Management, Inc. (Apollo) has acquired a 24.9% stake in a Fintech-focused private equity firm, Motive Partners’ (Motive) management company, for an undisclosed amount. However, industry experts value the deal at $1 billion. With this, Apollo and its affiliates would become limited partners in… Read More

July 5, 2021 @ 10:56 am By Omar Faridi  |  

Startups currently being supported by the Swiss Innovation agency Innosuisse will soon have the option to visit Japan or South Korea in order to expand their businesses globally. These initiatives will be supported and facilitated by setting up two new camps this year to address… Read More

July 5, 2021 @ 9:36 am By Omar Faridi  |  

Tesco Bank, a British retail bank that has been wholly-owned by Tesco plc since 2008, has confirmed the appointment of Gary Duggan as the institution’s interim CEO, Tesco Underwriting, and interim Chief Insurance Officer. Tesco Bank, which was formed as part of a venture between… Read More

July 4, 2021 @ 5:43 pm By Omar Faridi  |  

Hong Hong-based digital banking platform Airstar Bank has confirmed the appointment of Xiaomi’s Chief Financial Officer Alain Lam Sai Wai as its new Chairperson of the Board of Directors (BoD). The previous Chair, Lei Jun, the Chinese billionaire businessman who established Xiaomi, has now stepped… Read More

July 4, 2021 @ 3:45 pm By Omar Faridi  |  

Singapore-based Insurtech company Bolttech recently revealed that it has finalized an oversubscribed $180 million Series A round which values the firm at over $1 billion, thus giving it Unicorn status just a year after it began operations. Bolttech’s investment round was led by Activant Capital… Read More

July 3, 2021 @ 6:37 pm By Omar Faridi  |  

Checkout.com, the Cloud-powered payment service provider, has reportedly been certified as a BigCommerce Technology Partner. Checkout.com’s unified payments platform has been developed to assist fast-growing companies or businesses with boosting revenue by improving authorization rates and tapping into new markets BigCommerce’s 60,000 international merchants will… Read More

July 3, 2021 @ 2:26 pm By Omar Faridi  |  

Certegy, an established ACH payments and risk management firm, revealed on Wednesday (June 30, 2021) that it has launched a new Virtual Terminal platform, enabling in-store and mobile merchants to handle paper checks and ACH transactions. As noted by Certegy’s management: “We are a leading… Read More

July 3, 2021 @ 10:12 am By Omar Faridi  |  

UK Finance has confirmed four new appointments to the UK Finance Board – which are all effective as of July 1, 2021. Matt Hammerstein, CEO of Barclays Bank UK; Lucy-Marie Hagues, CEO at Capital One UK; John Hourican, Chief Executive of NewDay Group; and Max… Read More

July 2, 2021 @ 5:35 pm By Omar Faridi  |  

Sound Income Strategies, a registered investment advisory (RIA) company with over $1.4 billion in AUM, has integrated RedBlack, an intelliflo solution, which is a wealth management sector provider of rebalancing and trading applications. Sound Income Strategies was established by David J. Scranton (CLU, ChFC, CFP®,… Read More

July 2, 2021 @ 3:56 pm By Tony Zerucha  |  

June was another busy month for sustainability transformation company Ideanomics. Founded by Chinese billionaire Bruno Wu, with Shane McMahon serving as vice-chair, Ideanomics has two main divisions. The first, Ideanomics Capital, leverages technology and innovation to improve efficiency, transparency, and profitability for the financial services… Read More