General News

February 1, 2023 @ 7:17 pm By Omar Faridi  |  

Yobi, the AI-focused customer communications app catering specifically to the small business community, announced that it has raised a total of $2.37M as part of its oversubscribed seed round. The funds from the investment round will “support company operations, team expansion and product innovation.” The… Read More

February 1, 2023 @ 5:00 pm By JD Alois  |  

As was widely anticipated, today, the US Federal Reserve announced a 25 basis point increase to its benchmark rate as it continues to battle nagging inflation that has imperiled the economy. The vote by the Federal Open Market Committee (FOMC) was unanimous in its decision…. Read More

January 31, 2023 @ 10:09 pm By Omar Faridi  |  

BNP Paribas Asset Management (BNPP AM) announces the appointment of Geoff Dailey as Deputy Head of US Equities, with effect from February 2023. He will succeed Pamela Woo as Head of US Equities “following her planned retirement at the end of June 2023.” Pamela retires… Read More

January 31, 2023 @ 1:17 pm By Omar Faridi  |  

FIO Protocol, the decentralized solution for global blockchain usability, has announced the launch of FIO Domain wrapping on the Polygon blockchain. Wrapping is the process of taking a token “from one blockchain and making it available for use on another.” This launch moves FIO Protocol… Read More

January 30, 2023 @ 10:43 am By JD Alois  |  

Investment crowdfunding, or crowd-sourced funding (CSF) as it is called down under, generated $72 million in online capital formation, according to an industry report. The information is compiled by Birchal, the largest online investment platform in Australia. Birchals has been providing this report for several… Read More

January 30, 2023 @ 8:46 am By Omar Faridi  |  

Money laundering is “crucial” to all financially motivated crime because it’s what enables criminals “to access the funds they generate from their activities,” the team at Chainalysis explains. Otherwise, why commit the crimes in the first place? The same is true in cryptocurrency. The goal… Read More

January 29, 2023 @ 11:08 pm By Omar Faridi  |  

Protecting and insuring against cyber risks are priorities for all companies and organizations. French cybersecurity firm EGERIE has raised 30 million euro, from investors with expertise in insurance and cybersecurity (Tikehau Capital, Open CNP, Banque des Territoires and TIIN Capital) in order “to help executives… Read More

January 29, 2023 @ 3:37 pm By Omar Faridi  |  

Global Processing Services (GPS), a global payments technology platform, announced the appointment of Jim McCarthy as Executive Vice President – Global Head of Sales and Product, and Kevin Fox as the company’s new Chief Revenue Officer. In this newly created role, Jim will “lead GPS’… Read More

January 29, 2023 @ 12:17 pm By Omar Faridi  |  

At Binance.US, they claim to focus “fiercely” on protecting the integrity and confidentiality of their customers’ information. To this end, Binance.US are pleased to share that their platform’s security measures and countermeasures that protect their customers were recognized as “best-in-class” by the International Standards Organization… Read More

January 28, 2023 @ 7:22 am By Omar Faridi  |  

Stripe Inc., which is one of Silicon Valley’s most valuable Fintechs, is reportedly getting closer to what might be one of the largest public-market entries in recent times. Stripe co-founders Patrick and John Collison told company workers that the firm’s executives set a goal of… Read More

January 27, 2023 @ 9:02 am By Omar Faridi  |  

Copper.co, the provider of institutional digital asset custody and trading solutions, announces the appointment of Lord (Philip) Hammond of Runnymede, the former Chancellor of the Exchequer, as Chair. He takes up this role with “immediate effect.” Lord Hammond has “served as a Senior Adviser to… Read More

January 27, 2023 @ 6:17 am By Omar Faridi  |  

tado°, the European firm focused on intelligent home climate management, announces the completion of a new funding round of EUR 43 million and its plans to become profitable in 2023. In this investment round Trill Impact Ventures, Bayern Kapital, Kiko Ventures, and Swisscanto join as… Read More

January 26, 2023 @ 10:17 pm By Omar Faridi  |  

In 2022, global M&A activity “remained resilient despite harsh macroeconomic headwinds that persisted throughout the year,” according to an update from Pitcbbook. Compared with 2021, M&A value “declined 13.7% to $4.7 trillion but was strong relative to historic levels and marked its second-best year.” Pitchbook… Read More

January 26, 2023 @ 3:38 pm By Omar Faridi  |  

The Citco group of companies has moved to streamline the client onboarding and Know Your Customer (KYC) processes after agreeing to a deal with digital transformation business, Fenergo, “to integrate its client lifecycle management (CLM) platform across Citco.” Citco, which claims to be one of… Read More

January 26, 2023 @ 3:22 pm By JD Alois  |  

The UK government created the Future Fund to provide access to capital to early-stage firms which were most likely unable to access debt capital during the COVID-19 health crisis. The fear was that a generation of innovative young firms would disappear as markets contracted and… Read More

January 26, 2023 @ 8:19 am By Omar Faridi  |  

Digital asset exchange Luno will reportedly be cutting 35% of Its staff. Luno’s management stated that the upcoming job cuts will impact company workers in all supported regions. Luno is part of the Digital Currency Group (DCG) and reports having over ten million customers globally…. Read More

January 25, 2023 @ 9:19 am By Omar Faridi  |  

The United Kingdom has consistently taken a strong position on cybersecurity, “recognizing the need to drive awareness and responsiveness on a national scale,” according to an update from Hypr, the passwordless service provider. It reportedly “established the National Cybersecurity Centre in 2016, has among the… Read More

January 25, 2023 @ 8:37 am By Omar Faridi  |  

2022 was an impactful year in “the fight against ransomware,” according to an update from Chainalysis. Ransomware attackers extorted “at least $456.8 million from victims in 2022, down from $765.6 million the year before.” As always, they have to caveat these findings by noting “that… Read More

January 24, 2023 @ 6:56 pm By Omar Faridi  |  

Digital wealth manager Moneyfarm announced that it has appointed Dame Jayne-Anne Gadhia as Chair. Dame Jayne-Anne Gadhia, DBE, CVO, FRSE, “brings considerable experience to the role.  She is the Founder and Executive Chair of fintech Snoop and was the CEO of Virgin Money from 2007… Read More

January 24, 2023 @ 12:05 pm By Omar Faridi  |  

BNY Mellon (NYSE: BK) and Fiserv (NASDAQ: FISV), a global provider of payments and financial services technology, have joined forces “to deliver additional capabilities for real-time foreign exchange (FX) rate quotes for payments from U.S. financial institutions.” Using innovative application programming interface (API) connectivity, financial… Read More