General News

June 22, 2020 @ 10:23 am By Samantha Hurst  |  

U.S, fintech Maverick Payments announced on Monday the launch of its new fully custom payment gateway. According to Maverick Payments, the gateway was designed to provide an all-in-one integration and user experience for businesses with added layers of control and security. “The gateway completes a… Read More

June 22, 2020 @ 9:02 am By JD Alois  |  

IronFX says it is launching a virtual Fintech accelerator program to back Fintech ventures. IronFX is a trading platform that reports supporting 1,200,000 traders worldwide, serving retail and institutional customers in 180+ countries. The virtual accelerator program will focus on companies providing training and knowledge… Read More

June 22, 2020 @ 8:53 am By JD Alois  |  

The British Business Bank is committing £50 million through its Enterprise Capital Funds (ECF) program to a new fund: Epidarex Capital III UK LP. The fund, which totals £102 million, will invest in new life science companies from emerging research hubs across the UK. Epidarex… Read More

June 22, 2020 @ 8:10 am By Samantha Hurst  |  

Global payment solution provider Checkout.com announced on Monday it secured $150 million through its Series B funding round, tripling its valuation to $5.5 billion. The funding round was led by Coatue, along with participation from existing investors, including Insight Partners, DST Global, Blossom Capital, and Singapore’s Sovereign… Read More

June 22, 2020 @ 5:00 am By JD Alois  |  

OurCrowd, a global venture investing platform, reports that thousands of investors from 80 different countries will participate in a virtual event the OurCrowd Pandemic Innovation Conference. OurCrowd states that investors, VCs, corporate executives, government officials as well as the press are participating in the online… Read More

June 21, 2020 @ 3:08 pm By Omar Faridi  |  

Bank branches and ATMs might continue to disappear across Australia as the COVID-19 outbreak is expected to accelerate the shift towards a cashless economy. Local news outlet 7NEWS Sydney reports that the use of cash has been reduced by over 50% due to the Coronavirus… Read More

June 19, 2020 @ 10:01 pm By Samantha Hurst  |  

Allfunds, Spain-based independent wealthtech and fund distribution platform, announced on Friday its plans to launch Allfunds Investment Solutions, which is an investment outsourcing and sub-advisory B2B solutions platform for banks, wealth managers, and institutional investors. According to Allfunds, the new service will operate as a… Read More

June 18, 2020 @ 3:50 pm By Samantha Hurst  |  

  Payment processing platform Klarna announced on Thursday it has launched in Belgium by introducing “Pay in 21 days” service. Klarna reported that shoppers will now be able to buy online and pay once they have received the goods. “With the launch of `Pay in 21… Read More

June 18, 2020 @ 8:44 am By Samantha Hurst  |  

  iCapital Network, a fintech providing access to alternative investments, announced on Thursday has entered into an agreement to acquire the alternative investments feeder fund platform from Wells Fargo’s (NYSE: WFC) Global Alternative Investments (GAI) division. iCapital reported as a part of the transaction, Wells… Read More

June 18, 2020 @ 8:28 am By Samantha Hurst  |  

tZERO, a blockchain subsidiary of Overstock (NASDAQ: OSTK), recently announced the tZERO ATS recorded its strongest month ever, transacting over 423,000 digital securities, a four-time increase compared to May 2019. Year-to-date through May, the volume is up nearly 50% compared to the same period last… Read More

June 17, 2020 @ 3:19 pm By Samantha Hurst  |  

LendInvest a UK-based marketplace for property financing, announced on Wednesday it has joined Sesame and PMS’s lender panel to ramp up distribution of its Buy-to-Let and Bridging products. According to LendInvest, the network and mortgage club’s member firms will now be able to register with… Read More

June 17, 2020 @ 3:11 pm By Samantha Hurst  |  

BizCapital, a Brazil-based SME online lending platform, announced on Wednesday it secured $12 million through its Series B funding round, which was led by German development finance institution DEG, a subsidiary of  KfW Group, Germany’s promotional bank. Along with DEG, MELI Fund, the Corporate Venture Capital… Read More

June 17, 2020 @ 9:17 am By Samantha Hurst  |  

  Digital bank Revolut announced on Wednesday the launch of Open Banking for its more than one million retail and business customers in Ireland. According to Revolut, the new Open Banking feature allows retail customers in Ireland to connect their AIB, Permanent TSB, Ulster Bank,… Read More

June 16, 2020 @ 2:24 pm By Samantha Hurst  |  

Just a little over a year after raising $3.4 million, UK-based international money transfer platform TransferGo reportedly raised $10 million through its latest investment round. The platform also expanded its services to 11 next markets. As previously reported, TransferGo claimed last year to be the first… Read More

June 16, 2020 @ 10:52 am By Samantha Hurst  |  

Property investment platform CrowdProperty announced on Tuesday it has lent more than £75 million to SME property professionals and has now funded the development of 1,000 homes that were worth almost £170 million, enabling over £60 million of spend on labor, materials, and services in… Read More

June 15, 2020 @ 3:46 pm By Samantha Hurst  |  

Ripple, a provider of enterprise blockchain solutions for payments, announced on Monday its payment network, RippleNet Cloud, has signed its first-ever bank customer, Brazil’s Banco Rendimento, which will join nearly two dozen financial institutions already running on RippleNet Cloud. According to Ripple, RippleNet Cloud allows… Read More

June 15, 2020 @ 3:42 pm By JD Alois  |  

2020 Inclusive Fintech 50 is now accepting applications for Fintechs driving innovation and providing financial services for the underbanked or non-banked population. In its second year of operation, IF50 seeks to identify a cohort of 50 high-potential, early-stage, and innovative fintech startups driving financial inclusion and… Read More

June 15, 2020 @ 10:37 am By Samantha Hurst  |  

UK-based banking group and lender Metro Bank is reportedly in advanced talks to purchase p2p lending platform Ratesetter. According to Sky News, the duo has entered into exclusive discussions about the acquisition. Founded in 2010, RateSetter states it offers a “simple and accessible way” to… Read More

June 15, 2020 @ 8:00 am By Samantha Hurst  |  

American Express (NYSE: AXP) announced over the weekend it secured a clearing license in the midland of China. According to the credit card giant, Express (Hangzhou) Technology Services Company Limited (Express Company)  received approval from the People’s Bank of China (PBOC) for the license and… Read More

June 15, 2020 @ 8:00 am By JD Alois  |  

Joint study to provide timely data and actionable insights on how the pandemic has affected the Fintech industry globally The Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School is partnering with the World Bank Group and the World Economic… Read More