Global

January 22, 2022 @ 8:26 am By Omar Faridi  |  

Tide, the UK’s business financial platform, reportedly added 100,000 members in 2021, which represents an increase of 30%, “taking the total number of Tide members to almost 400,000.” Tide is now one of the largest providers of banking services to UK SMEs. 2021 saw a… Read More

January 21, 2022 @ 8:52 pm By Omar Faridi  |  

ABN AMRO Clearing is pleased to confirm the launch of a new infrastructure for business clients such as brokers to support fractional investing by their end clients. As explained in the update from ABN AMRO (AMS: ABN), fractional investing is “a method of investing in… Read More

January 21, 2022 @ 6:37 pm By Omar Faridi  |  

SaaS banking platform Mambu and an international provider of Cloud payments and financial messaging solutions, Volante Technologies, announced a collaboration to assist banks and lenders with streamlining their banking and payment infrastructures. The partnership should enable joint clients to “speed delivery of innovative payment products… Read More

January 21, 2022 @ 6:27 pm By Omar Faridi  |  

Moneycorp Americas, a provider of international payments and FX risk management solutions, has reportedly expanded its in-country payment capabilities by providing access to alternative payment channels in the APAC area, LatAm, as well as other world regions. As mentioned in a release, this fortified infrastructure… Read More

January 21, 2022 @ 5:12 pm By Omar Faridi  |  

Arabesque has formed a new partnership with Snowflake, the Data Cloud firm, enabling financial institutions and investors to “integrate Arabesque’s suite of data assets and insights into their technology stacks securely and in real-time.” As mentioned in a release, the partnership will allow Arabesque to… Read More

January 21, 2022 @ 12:38 pm By Omar Faridi  |  

Timothy Li, CEO at Alchemy and Lecturer at USC, notes that his firm is pleased and “fortunate” to extend their Fintech capabilities across the globe. We are pleased and fortunate to extend our FinTech capabilities around the world. #fintech https://t.co/EFDA8jPplE — Timothy Li (@SuddenlyTime) January… Read More

January 21, 2022 @ 8:42 am By Omar Faridi  |  

Routefusion, which claims to offer the most “comprehensive” Fintech solution for unlocking global expansion, has announced their $10.5 million seed “prime” funding round co-led by Canvas Ventures and Silverton Partners along with contributions from other investors. Other parties in Routefusion’s investment round reportedly include: Haymaker… Read More

January 21, 2022 @ 8:29 am By Omar Faridi  |  

Meta’s (NASDAQ: FB) two leading social media networks, Facebook and Instagram, are reportedly looking to enter the fast-evolving non-fungible token (NFT) sector. The tech giant will be focusing on making it seamless for Facebook and Instagram users to issue, trade and showcase their NFTs. As… Read More

January 20, 2022 @ 8:43 pm By Omar Faridi  |  

Qi (formerly Stark Payments), a company that enables businesses to accept virtual currencies like Bitcoin, Ethereum and others as a regular payment, has raised 66% (£231,497) of its £350,000 target from 160 investors (at the time of writing) through its crowdfunding campaign carried out via… Read More

January 20, 2022 @ 8:41 pm By Tony Zerucha  |  

Cardano, a rival cryptocurrency to Ethereum, is likely to hit all-time highs of $2 before the end of 2022, predicts deVere Group CEO Nigel Green. The bullish guess comes as Cardano (ADA), the fifth-largest crypto, has jumped by almost 50 per cent in seven days… Read More

January 20, 2022 @ 3:57 pm By Omar Faridi  |  

Digital asset firm Kraken is pleased to announce that their trading platform now supports staking for MINA token holders. Kraken users may head into the Earn section of their accounts to put their MINA “to work” today (staring January 18, 2022). (Note: Staking is currently… Read More

January 20, 2022 @ 3:16 pm By Omar Faridi  |  

Jumio, the provider of AI-enhanced end-to-end identity orchestration, eKYC and AML solutions, recently announced a record-breaking close to a solid 2021, with revenue growing by over 130% in Q4 2021 from Q4 2020. Other Q4 highlights for Jumio include 4Stop acquisition and introduction of no-code… Read More

January 20, 2022 @ 3:14 pm By Tony Zerucha  |  

Banking software company Temenos this week launched its buy now, pay later (BNPL) banking service. This offering will open up new revenue opportunities for banks and fintechs through the use of alternative credit products. Temenos BNPL, combined with patented Explainable AI, can help banks create… Read More

January 20, 2022 @ 12:03 pm By Omar Faridi  |  

The team at Cushon notes that they’re pleased to confirm that they have, subject to Financial Conduct Authority (FCA) approval, acquired Creative, the manager of the Creative Pension Trust. Once approved, this acquisition sees Cushon become the United Kingdom’s 5th largest “master trust provider.” As… Read More

January 20, 2022 @ 11:36 am By Omar Faridi  |  

Mitch Trehan, UK Head of Compliance and MLRO at Banking Circle, has reportedly joined The Payments Association’s Advisory Board alongside other industry professionals from across the payments sector. Meeting as a team of 19 for the first time in January 2022, the Board intends to… Read More

January 20, 2022 @ 11:29 am By JD Alois  |  

Invesdor, an online capital formation platform empowering retail investors to participate in private securities offerings, is reporting its largest crowdfunding round ever. According to an email, Singa, a karaoke startup, has raised over €2.75 Million. The securities offering is still live and open to investors… Read More

January 20, 2022 @ 11:08 am By JD Alois  |  

Folk2Folk, a unique peer-to-peer lender operating in the UK, reports that it has now topped £500 million in lending boosted by a record amount of £108 million in lending during 2021. Lending almost doubled in 2021 in comparison to 2020. Folk2Folk is an FCA authorized… Read More

January 20, 2022 @ 10:22 am By Omar Faridi  |  

The 1inch Network announced on January 20, 2022 that they’ve expanded to Avalanche (AVAX) and Gnosis Chain (GNO). As explained in the update, the expansion to the two fast-growing blockchains will aim to “offer 1inch users more options for low-costs, high-speed transactions.” The 1inch Network… Read More

January 20, 2022 @ 9:28 am By Omar Faridi  |  

Income Company, a firm that’s re-imagining investing in loans, has secured €756,558 (or over 100% of its €750,004 target) from 171 investors (at the time of writing) through its crowdfunding campaign via Seedrs with 27 days left in the sale. Here’s a short business overview… Read More

January 20, 2022 @ 9:04 am By JD Alois  |  

Plaid has acquired Cognito, a firm that provides ID verification including anti-money laundering (AML) and know your customer (KYC) services. Plaid has emerged as a key open banking platform connecting top Fintech and traditional financial services firms around the world. Plaid said that Cognito was… Read More