General News

October 27, 2020 @ 2:43 pm By Samantha Hurst  |  

Nium, a global financial technology infrastructure platform, announced on Tuesday it is expanding its services into Africa. According to Nium, the expansion will be led by newly appointed executive Dana Nino (Senior Vice President for Global Growth, Customer Success, and Partnerships) and will be supported… Read More

October 27, 2020 @ 2:09 pm By Samantha Hurst  |  

OpenPayd, a UK-based API-led banking-as-a-Service provider, announced on Tuesday the launch of its new FX-as-a-Service product, InstantFX. According to OpenPayd, InstantFX provides clients with real-time trading. “Our unique platform provides the FX experience of the future, delivered via a world-class API built by developers, for… Read More

October 27, 2020 @ 12:36 pm By Samantha Hurst  |  

European fintech Viva Wallet announced on Tuesday it is bringing Google Pay to its customers in 11 countries. According to Viva Wallet, customers who use Android smartphones can now simply download the Google Pay app and add their Viva Wallet Mastercard card. “Once they have… Read More

October 27, 2020 @ 12:22 pm By Samantha Hurst  |  

Digital brokerage solution provider DriveWealth announced on Tuesday it secured $56.7 million through its Series C funding round, which was led by Point72 Ventures with participation from Raptor Group, SBI Holdings, Inc., and Route 66 Ventures, LLC. DriveWealth also revealed it welcomed two new investors,… Read More

October 27, 2020 @ 10:44 am By Samantha Hurst  |  

Paya,  a U.S.-based integrated payment and commerce solutions provider, announced on Tuesday it has formed a new partnership with business lending solution provider, Artis Technologies. Paya reported that through the partnership,  its payments technology will integrate directly into the Artis Connect and Artis Credit platforms,… Read More

October 27, 2020 @ 8:25 am By Samantha Hurst  |  

U.S.-based fintech Broadridge Financial Solutions announced on Tuesday its new artificial intelligence (AI)-driven digital trading platform, LTX, has been integrated with the Charles River Investment Management Solution (Charles River IMS. According to Broadridge, the integration is part of a strategy to improve efficiency in the corporate… Read More

October 26, 2020 @ 6:48 pm By Omar Faridi  |  

Fuse.io, a Tel Aviv based Fintech firm that aims to leverage (decentralized finance) DeFi infrastructure to create a platform for entrepreneurs that allows them to turn “communities into economies,” notes that they’re proud to confirm that after Fuse Studio was shared on Product Hunt this… Read More

October 26, 2020 @ 6:39 pm By Omar Faridi  |  

VeChain, the developer of blockchain-based solutions for enhancing supply chain management processes (among other use cases), will be involved in the launch of the first blockchain-based “intelligent” tumor treatment center. VeChain will be working cooperatively with Renji Hospital and DNV GL in order to introduce… Read More

October 26, 2020 @ 3:20 pm By Samantha Hurst  |  

  Payment processing platform Klarna announced on Monday it has formed a new partnership with video game retailer, GameStop.  This news comes just days after Klarna announced its partnership with Etsy. While sharing details about the partnership,  David Sykes, Head of U.S. at Klarna, stated: “Recognizing… Read More

October 26, 2020 @ 12:17 pm By Samantha Hurst  |  

  iCapital Network, a fintech providing access to alternative investments, announced on Monday it has appointed Marco Bizzozero and Tom Slocock to Accelerate its Expansion in Europe and Asia.  iCapital reported that Bizzozero will join iCapital on December 1st as Head of International and a… Read More

October 26, 2020 @ 7:53 am By Omar Faridi  |  

Benjamin Quinlan, CEO and Managing Partner at Quinlan & Associates, notes that there’s now an “army” of advisors being engaged to support the initial public offering (IPO) of Ant Group, which was previously known as Ant Financial, the world’s most valuable Fintech firm and a… Read More

October 25, 2020 @ 11:06 pm By Samantha Hurst  |  

BitTorrent, Inc., a peer-to-peer protocols and products firm, recently announced it is set to acquire live streaming platform DLive.tv and migrate all BitTorrent related services to one unified ecosystem named BitTorrent X. According to BitTorrent, BitTorrent X “represents” the transformation of the BitTorrent platform. “BitTorrent… Read More

October 25, 2020 @ 10:54 pm By Samantha Hurst  |  

Crowdcube, one of the leading UK investment crowdfunding platforms, recently announced it has celebrated a  new milestone: now having one million members. The funding portal reported its community has made more than 800,000 investments, with £1 billion having been invested in campaigns. Founded in 2010,… Read More

October 24, 2020 @ 5:43 pm By JD Alois  |  

Every two years, the Federal Deposit Insurance Corporation (FDIC) completes a report on the status of banking in the US. The recently released report, “How America Banks: Household Use of Banking and Financial Services,” says that a record low 5.4% of U.S. households were unbanked… Read More

October 24, 2020 @ 11:10 am By Omar Faridi  |  

The system-wide Ethereum 2.0 upgrade is now just a few weeks away. As the date of the planned update gets closer, the ETH price keeps rising. Ethereum (ETH), the world’s second-largest cryptocurrency by market cap and adoption, has surged 15% this past week (trading at… Read More

October 23, 2020 @ 2:50 pm By Samantha Hurst  |  

Openfinance Securities, LLC, the Broker-Dealer and ATS behind the Openfinance digital securities trading platform, announced on Friday it has received approval for digital securities trading enhancements to its membership agreement with FINRA, relying upon the SEC’s recent Staff no-action letter clearing Openfinance’s digital ATS business… Read More

October 23, 2020 @ 2:04 pm By Samantha Hurst  |  

BizCapital, a Brazil-based SME online lending platform, announced on Friday it secured an additional $3 million through its Series B, bringing the investment round’s total amount to $15 million. The new funds come from Netherlands-based social impact investor Oikocredit. As previously reported, BizCapital provides online… Read More

October 23, 2020 @ 8:50 am By Omar Faridi  |  

The COVID-19 pandemic has negatively impacted the operations of small businesses across the globe. European SMEs are the lifeblood of the region’s economy and a recent report claims that nearly half of these companies might shut down within the next 12 months. According to research… Read More

October 22, 2020 @ 10:29 pm By Samantha Hurst  |  

Pulley, a U.S.-based cap table platform for hyper-growth startups, announced on Wednesday it raised $10 million through its Series A investment round, which was led by Stripe, with participation from General Catalyst, Caffeinated Capital, 8VC, Combine and Hustle Fund. Founded in 2019, Pulley’s mission is… Read More

October 22, 2020 @ 3:56 pm By JD Alois  |  

There should not be any question that financial innovation is good for consumers, good for businesses, and good for the economy in general. Fintech is bringing a degree of financial sophistication and inclusion previously unattainable. Underserved or underbanked markets may now access services once available… Read More