General News

May 13, 2021 @ 9:05 pm By Omar Faridi  |  

As the world economy continued to rebound during the first quarter of 2021 (after the COVID-19 induced lockdowns across the globe), so too did international mergers and acquisitions (M&A) activity, according to a new report released by Pitchbook. Wylie Fernyhough, Senior Analyst, PE Lead, Pitchbook,… Read More

May 13, 2021 @ 10:55 am By JD Alois  |  

Dogecoin is rising in popularity. At the beginning of 2021,  Dogecoin traded at just about $0.0047. Since January, Dogecoin has rocketed in value jumping to over $0.72. Following Elon Musk’s appearance on SNL, Dogecoin cooled and now trades at around $0.42 – still an enormous… Read More

May 12, 2021 @ 7:18 pm By Omar Faridi  |  

Engage People, which claims to be the only loyalty network that allows program members to pay with points “directly at checkout,” is reportedly expanding its operations  – and recruiting new talent. At present, Engage People has over 25 job openings across North America. The company… Read More

May 12, 2021 @ 11:46 am By Omar Faridi  |  

Balancer Version 2.0, the “most flexible” and efficient automated market maker (AMM) is now live. Balancer Labs, which aims to become the “primary source” of DeFi liquidity by offering the “most flexible” and simple platform for asset management, has announced many new updates. As previously… Read More

May 12, 2021 @ 9:44 am By Samantha Hurst  |  

    U.S.-based fintech Broadridge Financial Solutions (NYSE:BR) announced on Wednesday it has completed the acquisition of Itiviti Holding AB (“Itiviti”), a provider of trading and connectivity technology to the capital markets industry. Broadridge notably purchased Itiviti from Nordic Capital in an all-cash transaction valued… Read More

May 12, 2021 @ 9:32 am By JD Alois  |  

Manuel Silva Martinez, General Partner at Mouro Capital, says that concerns about the UK venture capital industry is entirely unfounded. In the UK, venture firms are the most common equity investors in early-stage UK companies. VCs top both investment crowdfunding platforms as well as individual… Read More

May 11, 2021 @ 11:07 pm By Omar Faridi  |  

Alternative Investment Exchange (AIX), the platform that aims to  make it easier to purchase, own, and sell alternative investments, has revealed that Inland Real Estate Investment Corporation chose the AIX platform as one of its electronic platform providers in order to onboard new funds and… Read More

May 11, 2021 @ 3:49 pm By Samantha Hurst  |  

  Fintech Unicorn and stealth bank Wise announced on Tuesday it has integrated with Google Pay to allow U.S. users to transfer funds to friends and family in India as well as Singapore. Wise reported that through the integration, all Android and iOS Google Pay users in the U.S. may send… Read More

May 11, 2021 @ 3:35 pm By Samantha Hurst  |  

  U.S.-based buy now pay later fintech Affirm announced on Tuesday the financial results of its fiscal 2021 third quarter, which ended on March 31, 2021.  According to Max Levchin, Founder and CEO of Affirm, the company’s third-quarter results reflect on the continuous progress towards… Read More

May 11, 2021 @ 2:47 pm By JD Alois  |  

This is a sign of the times, I guess. According to a report, a Managing Director at Goldman Sachs (NYSE:GS) has exited the vaunted investment bank after making big money in Dogecoin. Beginning in 2021, Dogecoin traded as less than a penny per coin. Jump… Read More

May 11, 2021 @ 11:00 am By JD Alois  |  

The German Bundestag recently reviewed legislation that will implement the European Crowdfunding Service Provider Regime Regulation (ECSP). According to industry participants, the German rules may fundamentally undermine online capital formation in the country just as the European Union is poised to boost the industry with… Read More

May 10, 2021 @ 10:57 pm By Omar Faridi  |  

EML Payments Ltd (ASX: EML) (S&P/ASX 200) reports that it remains focused on its evolution as a diversified payments and digital banking enabler. EML supports Fupay’s cash flow management and Millennial credit product (based in Australia). EML has now decided to transition to the next… Read More

May 9, 2021 @ 9:35 pm By Omar Faridi  |  

Kuwait Finance House (KFH), the nation’s first banking institution operating in accordance with the Islamic Shari’a, has introduced a digital wallet service that is being supported through smartphones (and even smart watches). KFH, which is listed on the Kuwait Stock Exchange, with a market cap… Read More

May 9, 2021 @ 8:41 pm By Omar Faridi  |  

Matt Harris, a VC focused on financial services and based in New York City, says he’s pleased to welcome Noah Breslow to Bain Capital Ventures as an operating partner. Thrilled to welcome @noahbreslow to Bain Capital Ventures as an operating partner! Noah is a flat… Read More

May 9, 2021 @ 7:27 pm By Omar Faridi  |  

Zelle “springs” into 2021 with over $100 billion sent during the first quarter of this year, according to a release. Early Warning Services, LLC, the network operator behind Zelle, revealed on May 5, 2021 that $106 billion was sent via the Zelle Network on 392… Read More

May 9, 2021 @ 2:34 pm By Omar Faridi  |  

Earlier this week, the Central Bank of the United Arab Emirates (UAE) revealed that it had been working cooperatively with SWIFT, an international provider of secure bank-to-bank messaging services. SWIFT and the UAE reserve bank are reportedly working an initiative that will improve the speed… Read More

May 7, 2021 @ 11:17 pm By Omar Faridi  |  

UK Finance (a trade association for the UK banking and financial services sector that represents around 300 firms in the UK providing credit, banking, markets and payment-related services), Which? (an organization that reviews products and services, so that you “make the best purchase decisions” for your… Read More

May 7, 2021 @ 9:54 pm By Omar Faridi  |  

Bill.com, an established provider of Cloud-enabled software that aims to simplify, digitize, and automate routine back-office financial operations for SMEs, has reportedly entered into a definitive agreement to acquire expensive management Fintech Divvy. The acquisition deal will involve a stock and cash transaction of around… Read More

May 7, 2021 @ 4:44 pm By JD Alois  |  

Earlier today, the US Department of Labor Statistics issued data that indicated 266,000 jobs were added during the month of April. This fell far short of expectations as observers anticipated over a million new jobs. The unemployment rate ticked higher to 6.1%. The news undermined… Read More

May 7, 2021 @ 12:34 pm By Omar Faridi  |  

F10 Switzerland has reportedly graduated its second acceleration batch during an online startup event with several well-known attendees from the investor and corporate sector. F10 Switzerland is now accepting applications for its third accelerator – which aims to support sustainable finance and various services for… Read More