Global

We find Fintech news from around the world and share it with you here.

Azimut Group, with Azimut Investments S.A., Is Reportedly the First Luxembourg Fund Manager to Acquire Permit to Manage Digital Asset Funds

Azimut Group, with Azimut Investments S.A., is reportedly the first asset management firm based in Luxembourg to acquire authorization to manage digital assets strategies. With this further evidence of the Group’s innovation capabilities, Azimut confirmed that it will be introducing the AZ RAIF Digital Asset… Read More

UK based PensionBee, an Online Pension Provider, Reports Doubling Assets Under Administration to £2B

UK’s PensionBee (LON: PBEE), an online pension provider, recently revealed that its assets under administration have now more than doubled during the past year. Today we’re delighted to announce that we now administer £2bn of pension savings on behalf of our customers 🎉🎊✨ pic.twitter.com/qhl4cSiISZ —… Read More

Payments Fintech Banking Circle Chooses European Firm SIA to Provide Instant Payments

Banking Circle, the Payments Bank for the digital economy, has chosen SIA, an established European hi-tech firm in payment services and infrastructures, controlled by CDP Equity, in order to introduce its instant payments service in Europe “connecting to the TARGET Instant Payment Settlement (TIPS) service… Read More

Cross-Border Payments Fintech Thunes Acquires Limonitek, a European Payment Service Platform

Cross-border payments Fintech Thunes revealed earlier this week that it acquired Limonetik, a European Payment Methods Platform. The latest acquisition by Thunes should complement the Fintech firm’s existing cross-border payments solutions by enabling companies or businesses to get paid in 70 different countries, using more… Read More

Legal Proceedings Brought by P2P Lending Platform Mintos have Recovered Investors’ Funds from Aforti Finance

Legal proceedings brought by European P2P lending platform Mintos have reportedly managed to recover investors’ money from Aforti “in full.” The Mintos team confirmed in an update, dated July 23, 2021, that all of Aforti’s outstanding investments and pending payments have “now been recovered in… Read More

Manu Smadja: CEO at MPOWER Financing, a Fintech Firm Facilitating Educational Loans, Shares Business Strategy

MPOWER Financing, a global education loan provider, recently secured an equity investment of $100 million. The new funding is in addition to the $60 million MPOWER raised earlier this year from Tilden Park Capital Management that also participated in the current round along with ETS… Read More

Identity Proofing Firm AuthenticID Announces $100M Minority Growth Investment from Long Ridge Investment

AuthenticID recently announced a $100 million minority growth investment that has been led by Long Ridge Investment The investment will be directed towards supporting AuthenticID’s ongoing innovation in automated identity proofing as well as the firm’s market expansion efforts. AuthenticID, an established provider of Identity… Read More

French Spend Management Fintech Spendesk Acquires €100M in Capital via Series C led by General Atlantic

France-based Spendesk, a spend management platform, has acquired €100 million in capital through a Series C round that was led by General Atlantic, an international growth equity company. Spendesk offers finance professionals a software-as-a-services or SaaS spend management system for complete visibility and control on… Read More

Global Fintech InvestCloud Chosen by BNP Paribas Wealth Management to Offer CRM, Client Lifecycle Management

InvestCloud, a global Fintech company that designs and creates financial software for established banks, wealth managers and asset managers, has been chosen by BNP Paribas Wealth Management to offer Client Relationship Management (CRM) and Client Lifecycle Management (CLM) services for onboarding and “nurturing” high-net-worth (HNWI)… Read More

CrowdProperty Easily Tops £800K on Seedrs in Crowdfunding Round

CrowdProperty, a leading UK-based property investment platform, looks like it may double its targeted raise on Seedrs. With a couple of weeks left on the securities offering, CrowdProperty has raised over £1.4 million on a funding goal of £800,000. According to the offering page, CrowdProperty… Read More

Revolut Standard Plans Gain Interest Bearing Savings

Neo-bank Revolut has announced the launch of daily interest savings vaults for UK customers on the standard plan. Starting today, customers with a Revolut standard plan can begin to earn 0.15% daily interest on the funds in their GBP vaults. Revolut Savings Vaults are said… Read More

Global Reinsurance Firm PartnerRe Adopts Digital Solution from iPipeline to Expand International Protection Portfolio

iPipeline, a provider of low code / no code content-enabled digital solutions and services to the financial services sector, reveals that global reinsurance company, PartnerRe, has decided to adopt the iPipeline’s SSG Digital® Platform in order to expand its international protection portfolio. As mentioned in… Read More

Cambridge Quantum Reveals New Algorithm for Solving Combinatorial Optimization Problems with Business Use-Cases

In a new development that is most likely to establish a new industry standard, scientists at Cambridge Quantum (CQ) have created a new algorithm for solving combinatorial optimization problems that have become widespread in business and industry, like the travelling salesman, vehicle routing or job… Read More

UK Based BNPL Zilch Raises Additional $110 Million

Zilch, a buy now, pay later (BNPL) platform has raised an additional $110 million in both debt and equity capital as part of an extended Series B funding round. In total, the London-based Fintech has raised $200 million making it one of the largest European… Read More

Digital Transformation: 365.bank to Use Backbase Engagement Banking Platform and Mambu Cloud Bank Solutions

365.bank has announced that it will be leveraging Backbase’s Engagement Banking platform and Mambu’s Cloud-powered banking platform “to pivot to digital-first banking.” As mentioned in the announcement, 365.bank has chosen Engagement Banking tech provider Backbase in conjunction with Mambu, the SaaS banking platform, in order… Read More

P2P Lender Robo.cash Shares Key Investment Strategies to Maximize Profitability

The team at Robo.cash, a Croatian peer-to-peer lender, has shared key strategies for maximizing profitability when using their platform. Robo.cash notes in a blog post that when you are selecting the best investment strategy, it is important to understand how it may benefit others and… Read More

CoinList to Allow Users to Stake Casper (CSPR) Tokens on Platform and Earn Rewards up to 14% APY

This April, over 34,000 CoinList users reportedly bought $33M in Casper (CSPR) tokens during the Casper Token Sale that was carried out on the digital asset platform. The CoinList team noted in a recent update that they are humbled by “the size and commitment of… Read More

Biggest Quarter Ever: Global Fintech Funding Booms in Q2 as Pandemic (Hopefully) Recedes

Fintech, or financial technology, continues to capture outsized interest from venture funding. The transition from analog finance to fast-iterating digital finance is booming, accelerated by the COVID-19 pandemic (as the Delta variant rises). This publication believes we are still in the early innings of migrating… Read More

USA Leads Global Social Media Ad Spend Race

American social media ad spends will top $50 billion for the first time this year, according to TradingPlatforms.com. They lead what has been a worldwide rise. The assessment’s parameters include all ad revenue generated by social networks such as Facebook, Instagram, or LinkedIn but doesn’t… Read More

Mobile Payment Rates Surge During Pandemic

Mobile payment use has surged during the COVID-19 pandemic, research from eMarketer finds. Total mobile payment use hit one trillion in 2020, with YoY growth of 22.2 percent. Smartphone user penetration hit 44.6 percent, up from 38.3 percent in 2019. Growth in mobile payment users… Read More

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