General News

April 19, 2023 @ 10:18 am By JD Alois  |  

US tech startup funding sank during Q1 2023 in contrast to the first quarter of 2022. According to a report, tech startup funding delivered the lowest amount of money in the past three years in Q4 2022. According to the report by Tracxn, Q4 2021… Read More

April 19, 2023 @ 8:50 am By Omar Faridi  |  

On April 13, 2023, NCR (NYSE: NCR) determined that a single data center outage that is impacting some functionality “for a subset of its commerce customers was caused by a cyber ransomware incident.” Upon such determination, NCR immediately “started contacting customers, enacted its cybersecurity protocol… Read More

April 18, 2023 @ 11:17 pm By Omar Faridi  |  

In today’s volatile environment, and with 84% of businesses expecting running costs to spike further this year1, SMEs are “increasingly reliant on real-time actionable insights to guide critical decisions.” Latest figures from Pulse, the “one-of-a-kind,” data-driven tool and resource hub for SMEs, from Nucleus Commercial… Read More

April 18, 2023 @ 4:04 pm By Omar Faridi  |  

BrewDog co-founder James Watt recently noted that the founder of Contrarian Thinking, Codie Sanchez, along with comedian Dom Joly will reportedly be joining his advisory panel for The Next Unicorn. BrewDog pursued multiple securities crowdfunding rounds in the UK and then crossed the Atlantic and… Read More

April 18, 2023 @ 11:17 am By Omar Faridi  |  

Velocity Global, the provider of global talent solutions, recently announced the appointment of prominent software executive Frank Calderoni as its new Chief Executive Officer. Founder and former CEO, Ben Wright, will “remain in his role as Board Chairman.” Calderoni joins Velocity Global “with extensive leadership… Read More

April 17, 2023 @ 11:27 am By JD Alois  |  

The mention of terms in 10-K filings associated with public policy risk, IE regulation has increased by 27% in the last decade, according to a report by the US Chamber of Commerce. The Chamber states that changes in taxes, regulations, and enforcement have increased dramatically… Read More

April 17, 2023 @ 8:34 am By Omar Faridi  |  

A report published by the UK’s small business lending platform, Funding Circle (LSE: FCH), in partnership with insights consultancy Savanta, looks at “how resilience for small businesses and the impact of staff wellbeing is more important now than ever before.” Small businesses have “been hard… Read More

April 17, 2023 @ 7:11 am By Omar Faridi  |  

Channel Capital Advisors LLP has reportedly facilitated a $150 million financing transaction for Rosy Blue, a global diamond dealer, and manufacturer based in Antwerp, Belgium. Channel has “provided cash and program management services and was responsible for the successful structuring and placement of this transaction.”… Read More

April 16, 2023 @ 3:39 pm By Omar Faridi  |  

The mobile bank N26 recently announced the appointment of Jan Stechele as Managing Director and Chief Risk Officer of N26 AG and N26 Bank AG. In his new role, Jan Stechele will “oversee N26’s governance, compliance and risk functions in the interim and will take… Read More

April 15, 2023 @ 9:26 am By Omar Faridi  |  

FloQast, a provider of accounting workflow automation software created by accountants for accountants, released the results of its latest survey, Controller’s Guidebook: The Great Recalibration – The Role of Technology in Retaining and Recruiting Accountants. Highlighting the impact of the talent crisis, The Great Resignation,… Read More

April 14, 2023 @ 9:53 am By Omar Faridi  |  

The National Trust and Starling Bank have launched a three-year partnership aimed at ensuring more people “have access to nature, both now and in the future.” Through the partnership, it is “estimated that over 1 million people will be able to benefit from improved access… Read More

April 13, 2023 @ 5:13 pm By JD Alois  |  

Global venture capital (VC) investments cratered in March 2023 by 44.3% to $29.15 billion from $52.32 billion in the same month a year earlier. This is just another report that indicates a sinking economy and the lack of risk capital supporting early-stage firms. S&P Global… Read More

April 11, 2023 @ 11:35 am By Omar Faridi  |  

Aaron Lint, Security Lead at Anchorage Digital, as well as Prasanna Gautam, Technical Lead, Protocols, among other members of the firm’s professional team have shared key updates. Anchorage Digital notes in a blog post that as a fast-scaling company, their technical staff is core to… Read More

April 11, 2023 @ 10:37 am By JD Alois  |  

The IMF expects global economic growth to decline by 0.1 than previously anticipated generating 2.8% before rising to 3% in 2024. In 2022, economic growth stood at 3.4% and thus reflects the declining global economy. The expectations were shared as part of the IMF’s World… Read More

April 11, 2023 @ 8:10 am By Omar Faridi  |  

A new study from Juniper Research, foremost “experts” in the payments market, found that the transaction value of recurring payments “will exceed $15.4 trillion globally in 2027, from $13.2 trillion in 2023.” This relatively slow growth of 17% “reflects that recurring payments are a well-established… Read More

April 11, 2023 @ 8:07 am By Omar Faridi  |  

According to Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment, U.S. retail sales excluding automotive “were up +4.7% year-over-year (YOY) in March.” Mastercard SpendingPulse reportedly “reflects nominal spending and is not adjusted for inflation.” At a national level, while… Read More

April 10, 2023 @ 11:57 pm By Omar Faridi  |  

This past week from 6 April, the full amount of the weekly State Pension in the UK will reportedly “increase by 10.1%, the highest ever rise, for 12.5 million recipients of the State Pension.” Taking effect for payments starting next Monday 10 April, the amount… Read More

April 10, 2023 @ 6:32 pm By Omar Faridi  |  

Apptile, an SaaS startup specializing in no-code mobile app development, has secured $2.5 million in seed funding. The funds will be used “to launch Apptile’s innovative platform, allowing Shopify businesses to create customized, high-performance mobile apps without the need for coding or design experience.” The… Read More

April 10, 2023 @ 4:22 pm By JD Alois  |  

Global private equity deal value and volume cratered in March as well as during the entire first quarter. According to S&P Global Market Intelligence, March PE deals vaporized – dropping by 37.1% year over year. During March 2023, $63.42 billion was raised in contrast to… Read More

April 9, 2023 @ 9:31 pm By Omar Faridi  |  

Ralph Lauren is now accepting cryptocurreny payments at its Miami Design District Store. BitPay is pleased to announce Ralph Lauren, the brand that defines “modern luxury” and timeless style, accepts digital currency payments at its new store in the Miami Design District. This store reportedly… Read More