General News

April 16, 2020 @ 4:47 pm By JD Alois  |  

Benchmarking Study Tallies $304.5 Billion in Alternative Finance Transaction Volumes During 2018 The Cambridge Centre for Alternative Finance (CCAF), part of the University of Cambridge Judge Business School, has published the single most comprehensive report on the evolution of alternative finance. The benchmarking report provides… Read More

April 16, 2020 @ 4:23 pm By Samantha Hurst  |  

Payments platform Stripe announced on Thursday the extension of its Series G funding round. The company reported it is raising an additional $600 million from investors, which includes Andreessen Horowitz, General Catalyst, GV, and Sequoia. Founded in 2010, Stripe describes itself as a technology company… Read More

April 16, 2020 @ 12:38 pm By JD Alois  |  

The National Crowdfunding and Fintech Association of Canada (NCFA) has published an open letter demanding the Canadian government to engage and leverage Fintechs to help in the battler against the COVID-19 crisis. Addressed to Canadian Prime Minister Justin Trudeau, along with several of his Ministers,… Read More

April 16, 2020 @ 11:57 am By Samantha Hurst  |  

Airwallex, an Australia-based fintech company, announced on Thursday it secured $160 million through its Series D funding round from various investors, such as ANZi Ventures, Salesforce Ventures, DST Global, Tencent, Sequoia Capital China, Hillhouse Capital, and Horizons Ventures. The latest funding brings Airwallex’s total equity… Read More

April 16, 2020 @ 10:03 am By Samantha Hurst  |  

Russian banking group Sberbank announced earlier this week it is launching an anti-crisis support platform, SberUnity, that is specifically for SMEs. According to Sberbank, SberUnity was created to help businesses find new solutions and transform their companies from offline to online ones. Sberbank also claims… Read More

April 16, 2020 @ 9:42 am By Samantha Hurst  |  

UK-based challenger bank Tide announced on Thursday it has teamed up with insurance solutions provider Hokodo to launch new invoice protection product for SMEs during the COVID-19 pandemic. According to the duo, this new Invoice Protection product will members to protect their businesses and will… Read More

April 16, 2020 @ 8:39 am By Samantha Hurst  |  

OpenInvest, a U.S.-based investing platform, announced on Thursday it secured $10.5 million through its Series A1 funding round, which was led by QED Investors with participation from SystemIQ, Resolute Investment Managers,and ABN AMRO Ventures. The latest found of funding comes less than two years after… Read More

April 16, 2020 @ 7:59 am By Omar Faridi  |  

UK-based Push Technology, a provider of real-time intelligent data streaming and messaging services, has secured £10 million in funding through a Series A investment round. Push Technology’s round was led by Maven Capital Partners. Existing investors Guinness Asset Management and Stephens Capital Partners also made… Read More

April 15, 2020 @ 11:06 pm By JD Alois  |  

Necessity is the mother of invention. This we know. Sportsbet, an Australian online bookmaker, saw betting tank just like most other businesses as the COVID-19 pandemic spread. At the end of March Stuart Allott, Sportsbet head of corporate affairs, told BI Australia: “Given the unprecedented… Read More

April 15, 2020 @ 7:32 pm By JD Alois  |  

The Federal Bureau of Investigation is out with an ominous note predicting a rise in cryptocurrency-related scams fueled by the COVID-19 pandemic. The FBI expects that the bad guys will take advantage of the FUD to steal your money and then launder it through the… Read More

April 15, 2020 @ 2:47 pm By Samantha Hurst  |  

FinTech Australia announced on Tuesday it has teamed up with Tier One People to launch a new talent marketplace specifically for Australian fintechs. According to the organization, this new marketplace will run through LinkedIn Groups and aims to connect candidates with prospective employers and help… Read More

April 15, 2020 @ 12:42 pm By Samantha Hurst  |  

Funding Circle (LSE: FCH), an SME lender that facilitates loans in both the US and parts of Europe, announced on Wednesday it has received approval to issue Paycheck Protection Program (PPP) loans through its online lending platform. As previously reported, the PPP is part of… Read More

April 15, 2020 @ 10:23 am By Samantha Hurst  |  

ShapeShift AG, an instant exchange for Bitcoin digital currency and other blockchain assets, announced this week it has acquired Israel-based non-custodial software wallet, Portis. ShapeShift reported it integrated with Portis’ wallet SDK into the new ShapeShift platform this past November. ShapeShift revealed that prior to… Read More

April 15, 2020 @ 8:45 am By Samantha Hurst  |  

Worldline, (Euronext: WLN) a European payments and transactional services firm, announced on Wednesday it has formed a partnership with Meniga, a UK-based fintech and digital banking technology provider, to increase digital customer engagement through the creation of personalized banking features. According to Wordline, the partnership will… Read More

April 15, 2020 @ 8:39 am By Omar Faridi  |  

Silicon Valley-based venture capital firm Andreessen Horowitz (a16z) is planning to secure $450 million in capital for its second digital asset-focused fund, according to a recent report from the Financial Times (FT). Sources familiar with the matter told the FT that the giant VC firm… Read More

April 15, 2020 @ 1:05 am By Omar Faridi  |  

India-based HDFC Bank, the nation’s largest private sector lender, recently issued a warning regarding a potential increase in fraudulent activities online, including phishing scams. Sameer Ratolikar, chief information security officer at HDFC Bank, said during a conference call that the cybercriminals and hackers could begin… Read More

April 14, 2020 @ 11:09 pm By JD Alois  |  

The ongoing lawsuit regarding a SIM Swap scam filed by Michael Terpin against AT&T Mobility took another step forward this week. Earlier this year, it was ruled that plaintiff Terpin can proceed with statutory, contract, and tort damages claims against AT&T Mobility for $24 million… Read More

April 14, 2020 @ 8:00 pm By JD Alois  |  

Zhejiang University International Business School (ZIBS) has announced a new English taught Masters program. The Masters of Fintech will be taught in the Zhejiang Province – a leading center of Fintech innovation and home to Ant Financial (part of Alibaba) one of the largest Fintech companies… Read More

April 14, 2020 @ 5:17 pm By JD Alois  |  

Draper Goren Holm, a blockchain and Fintech venture firm, has partnered with the Binance Charity Foundation in the #CryptoAgainstCOVID alliance to help support workers and keep local communities safe amidst the COVID-19 pandemic. Draper Goren Holm says that by joining the coalition, Binance will match… Read More

April 14, 2020 @ 3:20 pm By Samantha Hurst  |  

Audit, consulting, tax and advisory services  Deloitte has formed a new partnership with no-code enterprise application platform Unqork to launch a fully-managed small business lending service. According to the duo, this service will enable small business lenders to “streamline” the distribution of loans to small… Read More