General News

October 17, 2020 @ 3:53 pm By Omar Faridi  |  

The recently proposed merger between Yandex, a major Russia-based tech firm, and banking challenger Tinkoff will not be finalized because the bank’s founder Oleg Tinkov has walked away from the deal. Tinkoff’s management confirmed that all negotiations between the two parties have now been “terminated,… Read More

October 16, 2020 @ 2:30 am By Omar Faridi  |  

  We recently spoke to Meltem Demirors, the Chief Strategy Officer at CoinShares, a digital asset treasury management firm that manages over $1 billion in assets. Demirors talked about how financial markets reacted after US President Donald Trump tested positive for COVID-19. She also discussed… Read More

October 15, 2020 @ 7:27 am By Samantha Hurst  |  

Allfunds,  a Spain-based independent wealthtech and fund distribution platform, announced on Tuesday it is developing through its new company “Allfunds Blockchain” a new payment model to provide more efficient settlement processes in the investment fund industry. As previously reported, Allfunds claims to be one of… Read More

October 14, 2020 @ 4:37 pm By Omar Faridi  |  

Grata, a company developing the “first-of-its-kind” small business B2B search engine, has secured $3.2 million in seed funding. As mentioned in a release shared with CI, Grata’s investment round was led by Bling Capital along with participation from Accomplice and Alumni Ventures Group. Former executives… Read More

October 14, 2020 @ 3:15 pm By Samantha Hurst  |  

PayPal announced on Wednesday the launch of PayPal Pay in 3, which will enable UK businesses of all sizes to offer buy now, pay later payments without taking on additional risk, or paying additional fees. PayPal reported through PayPal Pay in 3, businesses can offer… Read More

October 14, 2020 @ 11:41 am By JD Alois  |  

The US House of Representatives has refused to cut a deal with the White House and come to terms with a second COVID-related stimulus package as leadership fears it will help the Trump campaign as the election nears. Many observers and policymakers believe a second… Read More

October 14, 2020 @ 10:10 am By Samantha Hurst  |  

U.S. fintech Galileo announced on Wednesday it has joined forces with Save, a fintech startup that enables higher yields on savings and checking accounts, to process transactions and funding of Save customers’ Debit Invest debit cards and Save Market Savings accounts. Galileo reported that through… Read More

October 14, 2020 @ 9:41 am By Omar Faridi  |  

Chainalysis, a leading blockchain analysis firm, has revealed that it managed to grow its revenue 100% year-over-year. The New York-based firm says it’s now preparing for an expected surge in private sector business. Chainalysis claims that it has managed to grow its customer base by… Read More

October 13, 2020 @ 8:12 am By Samantha Hurst  |  

UK digital banking group Tandem announced on Tuesday it has appointed Barclays vet and former CEO of Allium, Paul Noble, has been appointed its new Chief Commercial Officer. This news comes less than two months after Tandem acquired Allium.  As previously reported,  Allium notably has… Read More

October 12, 2020 @ 11:16 pm By Omar Faridi  |  

Bianjie and the Wuhan Run He De Kang (RHDK) have partnered to implement a blockchain or distributed ledger technology (DLT) enabled Epidemic Early Warning System, in order to help in the fight against Covid-19. As mentioned in the announcement, Wuhan RHDK is a healthcare-focused, Big… Read More

October 12, 2020 @ 10:13 pm By Omar Faridi  |  

Neobanks have been finding it quite challenging to maintain their competitive deposit rates. During the past few weeks, three Australian neobanks have reduced their rates and two of them have placed limits on the balances on which they’ll pay higher interest. Australia based digital bank… Read More

October 12, 2020 @ 9:19 pm By Omar Faridi  |  

The AMTD Group, a financial services company rooted in Hong Kong and based in the Greater Bay Area with a global focus, has revealed that the Weihai City Commercial Bank Co., Ltd. (based in Weihai, Shandong Province – marine economy demonstration zones of China) was… Read More

October 12, 2020 @ 2:31 pm By JD Alois  |  

Coinciding with DC Fintech Week (DCFW), LabCFTC, the innovation branch of the US Commodities Futures Trading Commission (CFTC), will host an event on October 21, 2020, entitled, “Empower Innovation 2020.” According to the CFTC, This is the second of three interactive virtual events hosted by… Read More

October 12, 2020 @ 12:02 pm By JD Alois  |  

The Financial Services and Markets Authority (FSMA) in Belgium has published a report on the securities crowdfunding market. According to the document, during the past two years, crowdfunding offerings carried out in Belgium to finance new projects have raised at least €69.24 million. The period covered… Read More

October 12, 2020 @ 11:58 am By Samantha Hurst  |  

Chargebee, a recurring billing platform for subscription-based SaaS and e-commerce businesses, recently announced it secured $55 million through Series F funding round, which was led by Insight Partners. As previously reported, Chargebee integrates with payment gateways such as Stripe, Braintree, PayPal to allow customers to… Read More

October 12, 2020 @ 11:45 am By Samantha Hurst  |  

UK-based fintech AccessFintech recently announced it secured $20 million through its Series B investment round, which was led by Dawn Capital, with participation from J.P. Morgan, Citi, Goldman Sachs, and Deutsche Bank. The round brings AccessFintech’s total capital raised to date to $37 million since… Read More

October 12, 2020 @ 10:06 am By Samantha Hurst  |  

Australia-based marketplace lender SocietyOne announced on Monday it has successfully flattened a 2000 per cent spike in hardships caused by COVID-19 after developing and implementing a tech solution in less than 5 days to manage the surge of hardship requests. The lender noted prior to… Read More

October 12, 2020 @ 9:23 am By Samantha Hurst  |  

Alchemy Pay, a hybrid digital and fiat payment solutions provider, recently announced it will be launching its hybrid fiat and cryptocurrency payment services for e-commerce merchants on Shopify through its new partnership with QFPay,  a fiat payments provider with more than 1.2 million merchants. “Shopify… Read More

October 11, 2020 @ 10:44 pm By Samantha Hurst  |  

Paxful, a leading peer to peer (P2P) Bitcoin (BTC) marketplace, recently announced it has formed a strategic partnership with Transfero Swiss AG, the largest digital asset management firm in Latin America and the owner of Brazilian Digital Token (BRZ), a stablecoin pegged to Brazilian Real. According to Paxful,BRZ’s price… Read More

October 11, 2020 @ 10:20 pm By Samantha Hurst  |  

  Gemini Trust Company, LLC (Gemini), a cryptocurrency exchange and custodian, recently announced it has appointed Andy Meehan as Chief Compliance Officer of Asia Pacific Region. According to Gemini, Meehan will oversee Gemini’s strategic compliance and regulatory relationships in the region, maintaining Gemini’s commitment to… Read More