General News

April 28, 2020 @ 8:36 am By Samantha Hurst  |  

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Tuesday it has received the report on the special investigation by the auditing company KPMG that concluded there is no incriminating evidence founded for the publicly raised accusations of balance sheet manipulation. Wirecard reported… Read More

April 28, 2020 @ 7:56 am By Samantha Hurst  |  

Digital asset exchange Bitfinex announced on Tuesday Whale Alert, a tracking service of cryptocurrency transactions from and to exchanges, is available on the social network, Bitfinex Pulse. According to Bitfinex, Whale Alert is claimed to be a vital information source in the digital asset space… Read More

April 27, 2020 @ 3:48 pm By Samantha Hurst  |  

Rapyd, a global B2B Fintech as a Service provider, announced on Monday it has made a major expansion of its mass-payout platform, Rapyd Disburse. Rapyd reported it has made significant investments in the Rapyd Global Payments Network in Europe and the Americas, and now offers… Read More

April 27, 2020 @ 2:05 pm By Samantha Hurst  |  

LGB Corporate Finance, a UK fintech that provides capital markets and M&A advisory services to companies, entrepreneurs, and financial sponsors, announced on Monday it has arranged a £20 million Medium Term Note (MTN) program for Simply Asset Finance, a private equity-backed specialist asset finance provider…. Read More

April 27, 2020 @ 1:26 pm By JD Alois  |  

The UK government has announced a new loan program for smaller firms. The “Bounce Back Loans” are 100% backed by the government providing access to credit ranging from £2,000 to £50,000. The loans will be interest-free for the first 12 months, and businesses can apply… Read More

April 27, 2020 @ 11:45 am By JD Alois  |  

Founded in 2007, Bamboo Capital Partners is an impact investing platform that provides innovative financing solutions to bridge the gap between seed and growth-stage funding.  Bamboo aims to improve the lives of marginalized communities while delivering strong financial returns. Since inception, Bamboo reports having raised… Read More

April 27, 2020 @ 11:15 am By Samantha Hurst  |  

Fintech unicorn SoFi announced on Monday it has helped funnel more than $75 million in loan applications to lenders for the Paycheck Protection Program (PPP) established by the CARES Act, through its extensive network of lenders and Lantern, the product comparison site operated by SoFi…. Read More

April 27, 2020 @ 10:21 am By Omar Faridi  |  

Euronext, a leading European securities exchange, will be acquiring 70% of the shares of VP Securities, a Danish post-trade utility service. The shares will reportedly be acquired from existing owners, which include Denmark’s reserve bank, Danske Bank, Nykredit, Nordea and Jyske Bank Euronext’s management confirmed… Read More

April 27, 2020 @ 8:28 am By Samantha Hurst  |  

Paysafe Group, a global payments provider, has formed a new partnership with a provider of cardholder not present payment solution- SOTpay, Gala Technology. The collaboration will reportedly provide Paysafe merchants with the ability to process PCI DSS compliant payment transactions across communication channels.  Speaking about… Read More

April 27, 2020 @ 8:13 am By Samantha Hurst  |  

CoinEx, a global and professional cryptocurrency exchange service provider, announced on Monday it has formed a global strategic partnership with Matrixport, a one-stop digital asset financial service platform span off from Bitmain. CoinEx reported that the partnership allows its users to access Martrixport’s over-the-counter (OTC)… Read More

April 26, 2020 @ 10:40 pm By Samantha Hurst  |  

Credibly, a small and medium-sized business lending platform, announced on Friday it has been named an Approved Lender for the Paycheck Protection Program (PPP). As previously reported the U.S. Senate passed $484 billion in new pandemic relief funds to provide additional funding to the PPP… Read More

April 26, 2020 @ 10:38 pm By Omar Faridi  |  

California-based Dole Food Company, an agricultural multinational corporation, has introduced a five-year plan to integrate blockchain or distributed ledger technology (DLT) for managing supply chain processes. Dole Food Company is the largest producer of fruits and vegetables in the world. The agribusiness company generated over… Read More

April 25, 2020 @ 10:01 pm By Omar Faridi  |  

CPP Group Plc (CPP) has confirmed that its Indian-headquartered Business Process Management (BPM) firm Globiva will be extending its product offering to customers based outside of India. The company intends to offer services to clients in the US and the UK. CPP is based in… Read More

April 25, 2020 @ 11:28 am By Omar Faridi  |  

New York-based Signature Bank, a cryptocurrency-friendly commercial bank with around $50 billion in total assets, has reportedly experienced a 30% drop in its total income during Q1 2020, when compared to the same time period last year. This could be due to the Coronavirus (COVID-19)… Read More

April 24, 2020 @ 10:18 pm By Samantha Hurst  |  

NatWest, Royal Bank of Scotland and Ulster Bank announced earlier this week the introduction of a new “companion card,” which is described as a supplement to their existing current accounts that will enable vulnerable customers and those in extended isolation to give trusted volunteers a… Read More

April 24, 2020 @ 5:21 pm By JD Alois  |  

Earlier this week, HM Treasury announced updated relief programs designed to help early-stage firms that may not have been eligible for previously announced COVID-19 economic support programs. At the time of the announcement, Chancellor of the Exchequer Rishi Sunak said the additions would help power… Read More

April 24, 2020 @ 12:47 pm By Samantha Hurst  |  

Sean ‘Diddy’ Combs announced on Friday the launch of his new platform, Our Fair Share. According to the Entrepreneur and Media Mogul, Our Fair Share is a platform built to help minority entrepreneurs and small businesses access to much-needed funding amid the economic devastation caused… Read More

April 24, 2020 @ 12:19 pm By Samantha Hurst  |  

OneEleven, a Toronto-based technology incubator, announced on Wednesday it has officially ceased operations due to COVID-19’s economic impacts. Established in 2013, OneEleven describes itself as home to a community of high-performing technology scaleups, with global locations that provide unparalleled access to peer networks, investment capital,… Read More

April 24, 2020 @ 8:49 am By Samantha Hurst  |  

Western Union (NYSE: WU) announced on Thursday the continued expansion of its Global Network for real-time money-movement and payments. Western Union reported that the Network has more than 550,000 agent locations across over 200 countries and territories (it now includes more than four billion bank… Read More

April 24, 2020 @ 8:18 am By Omar Faridi  |  

Fintech funding has declined significantly during the first quarter of this year, mainly due to the Coronavirus (COVID-19) outbreak, and resulting social and economic challenges. A recent report from Forrester has cautioned that many companies could be forced to shut down as the effects of… Read More