Global

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

Switzerland based Relai, Provider of a Bitcoin Investment App, Acquires CHF 2.5M in Capital from Swiss VC Redalpine, Others

Switzerland-based Relai, the provider of a Bitcoin investment app, has revealed that it secured CHF 2.5 million in capital via a Series A round that was led by Swiss VC Redalpine. The funding has been acquired less than a year after the company entered the… Read More

Klarna’s Second 2021 Raise Sees Valuation Top $45B

Buy now pay later (BNPL) startup Klarna’s second raise of 2021 has it valued at close to 50 percent above its post-raise valuation in March. It now sits at $45.6 billion. The latest raise brought in another $639 million and was led by SoftBank’s Vision… Read More

UK’s Open Banking Fintech TrueLayer Introduces New Approach to Account Ownership Checks with Verification API

TrueLayer, Europe’s Open Banking platform, reveals that it has launched a new approach to account ownership checks with its Verification API. As noted in the announcement from TrueLayer, the Verification API will be leveraging Open Banking along with with machine learning algorithms. This should help… Read More

illimity’s Strategic Plan Focuses on Loans, Predicts €60+ Net Profit for 2021

illimity, the first digital bank in Italy that previously completed a SPAC deal, has distributed its strategic plan for the time period of 2021 to 2025. After reporting net income in 2020 of  €31 million following a net loss of €16.1 million in 2019, illimity… Read More

AI Powered Lender for Merchants Myos Raises $30 Million Series A Round

Myos has raised $30 million in Series A funding led by Fasanara Capital and Xploration Capital. Tomahawk.VC and a group of new and existing investors also participated in the funding round, according to the company. Berlin-based Myos states that it will use the additional capital… Read More

Swiss Federal Council Brings Distributed Ledger Tech or DLT Act Fully into Force and Issues Ordinance

The Swiss Federal Council, the seven-member executive council that constitutes the federal government of the Swiss Confederation and serves as the collective head of state and government of Switzerland, announced recently that the DLT Act has come “fully into force” and the agency also  issued… Read More

White Oak Facilitates £400 Million Under Corona Loan scheme to UK small businesses

London-based digital lender White Oak has facilitated loans worth £400 million to SMEs impacted by the pandemic under the Coronavirus Business Interruption Loan Scheme (CBILS). Talking about the adverse impact of the pandemic on small businesses across the UK, Andy Davies, Managing Director of White… Read More

Standard Chartered to Appoint Roel Louwhoff as Group Chief Digital, Technology & Innovation Officer

Standard Chartered (the Group) recently revealed that it will be appointing Roel Louwhoff who will be serving as the new Group Chief Digital, Technology & Innovation Officer. Louwhoff previously worked as Chief Operations and Transformation Officer at ING since 2014. According to an update from… Read More

ALPIMA, an SaaS Platform for Investment Management, Chosen by BBVA for Scaling Quant Investment Solutions

ALPIMA, the software-as-a-service (SaaS) platform for investment management and product design has been selected by the BBVA for scaling its Quantitative Investment Solutions (QIS) business. ALPIMA is a business-to-business (B2B) tech and advisory firm serving banking institutions, fund managers and wealth management companies globally. Its… Read More

Augmentum Fintech Leads Tesseract’s $25M Series A with Participation from Coinbase Ventures, Others

Augmentum Fintech plc (LSE: AUGM), the UK’s only publicly listed investment firm that’s focused on the Fintech industry, has made a $10 million (c. £7.3 million) investment into Helsinki based Tesseract Group Oy, marking Augmentum’s first investment into Finland. As noted in a release shared… Read More

Latam Fintech Nubank Said to be Planning an IPO in the US

Brazil-based digital bank Nubank is said to be in the early stages of pursuing an initial public offering (IPO) in the US. Earlier this month, it was reported that Nubank had acquired $750 million in capital as part of two extensions of its latest Series… Read More

DTCC Innovation Lead Jennifer Peve Appointed Head of Strategy and Business Development

Jennifer Peve, currently  Managing Director, Business Innovation at the Depository Trust & Clearing Corporation (DTCC), has been appointed as Head of Strategy and Business Development at DTCC. Peve has been leading the innovation charge at DTCC, an entity that processes over $2 quadrillion a year… Read More

Empty Mempools Coincide with Major Drop in Bitcoin Hashrate as Miners Migrate from China Following Stricter Regulations: Report

Cryptocurrency mining specialist Zack Voell notes that this month, Bitcoin mempools have been “emptying more frequently than usual” during the last 6 months. According to Voell, this short-term trend of empty mempools follows BTC’s price drop down to around $30,000 through the end of May… Read More

Edinburgh Fintech Aveni Acquires Investment to Support AI and Natural Language Processing Platform for Business Speech Analytics

Scottish Fintech firm Aveni has acquired a £1.1 million investment in order to establish an AI platform which is focused on supporting speech analytics for modern businesses. Aveni Detect reportedly uses the latest artificial intelligence and natural language processing (NLP) technologies in order to fully… Read More

Securitize Raises $48 Million in Funding Round led by Blockchain Capital, Funds Managed by Morgan Stanley

Securitize, Inc., a digital securities ecosystem platform, has raised a solid $48 million in a funding round that was led by funds managed by Morgan Stanley Tactical Value and Blockchain Capital. Said to be oversubscribed, the Series B found saw the participation of both new… Read More

BBVA Switzerland Adding BTC Trading Service for Private Clients Isn’t Good bec Banks’ Settlement Is Too Slow, Wall Street Veteran Argues

BBVA Switzerland has opened its Bitcoin trading service to all private banking customers. After six months of in-house testing with a certain group of users, BBVA Switzerland has decided to make its first digital asset trading and custody service accessible to all its private banking… Read More

UK’s P2P Lender Blend Network Explains how their Secondary Market Is Designed to Help Investors

The team at UK-based peer-to-peer lender Blend Network notes that many investors on their platform will know or are aware that they have a secondary market feature that lets lenders sell their loan parts “prior to the loan maturity.” The Blend Network team recently answered… Read More

Online Lender EstateGuru Reports that Estonia and Germany were its Most Active Markets in May 2021

The team at Estateguru, an online lending platform that offers retail investors the ability to back loans secured by property, reveals that it financed €16.8M worth of loans last month. As mentioned in EstateGuru‘s loan portfolio overview report, the most active markets were Estonia and… Read More

China Continues Bitcoin Mining Crackdown to Improve Capital Controls Enforcement, Enhance RMB Protections, Strength Digital Yuan Use-Case: Report

The team at BitOoda, a global digital asset financial technology and services platform offering risk management solutions, recently noted that the Bitcoin market is continuing its consolidation pattern. As mentioned in an update from BitOoda, $30,000 has “proved to be a support level for now.”… Read More

Fintech Glint Says Most Savers Don’t Trust Banks

Glint Pay Services, a Fintech that is a regulated e-money firm and payments provider, says that savers don’t trust banks. According to Glint and an in-house survey of their users, 68% of savers no longer trust banks to protect their wealth and are searching for… Read More

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