Global

September 21, 2021 @ 6:27 pm By JD Alois  |  

As was previously reported, JP Morgan (NYSE:JPM) launched its digital bank in the UK today. Chase, the largest consumer bank in the US, is now available in digital form for UK consumers. According to a company statement, users may go to chase.co.uk, and register and… Read More

September 21, 2021 @ 6:01 pm By Tony Zerucha  |  

QNTMPAY, the official digital banking partner of McLaren F1, is working with global embedded finance platform Railsbank to support upcoming product and services launches in the UK. The companies made the announcement at today’s Money20/20 event. Railsbank is supporting QNTMPAY, to launch in the UK, with… Read More

September 21, 2021 @ 12:01 pm By JD Alois  |  

Ransomware attacks have become quite prevalent with nefarious actors targeting domestic firms, frequently demanding ransom in crypto. Today, the US Department of Treasury has announced a group of actions designed to mitigate ransomware activity including designating crypto exchange SUEX OTC as a “complicit financial service”… Read More

September 21, 2021 @ 11:33 am By JD Alois  |  

MarketFinance, a top online lender based in the UK, has announced a £280 million debt and equity funding while simultaneously announcing its accreditation under the Recovery Loan Scheme (RLS). MarketFinance was previously approved as a lender under the Coronavirus Business Interruption Loan Scheme (CBILS) having… Read More

September 21, 2021 @ 10:08 am By Omar Faridi  |  

Taker Protocol, a cryptocurrency liquidity protocol for NFTs, has secured $3 million in capital from several investors in order to develop financial primitives for the nascent non-fungible token sector. Taker Protocol‘s investment round has been led by Electric Capital, with DCG, Ascentive Assets, Dragonfly Capital,… Read More

September 21, 2021 @ 10:01 am By JD Alois  |  

Robo.cash has shared that during the month of September the platform surpassed  €300 million in total funded loans. According to the company, September has also recorded another achievement as it topped 19,000 investors. Sergey Sedov, CEO of Robocash Group, issued the following statement: “The platform… Read More

September 21, 2021 @ 8:10 am By Omar Faridi  |  

eToro Group Ltd, a multi-asset investment platform that aims to empower individuals to grow their knowledge and wealth, reveals that it has appointed Michael Ptasznik to its Board of Directors. As mentioned in a release, Michael will be joining the eToro Board at “the closing… Read More

September 21, 2021 @ 8:05 am By Omar Faridi  |  

Digital assets firm Kraken notes that one of Bitcoin’s (BTC) biggest and most significant upgrades of all time is “just around the corner.” However, Kraken also mentions that very few people really understand its “potential impact.” Kraken Intelligence’s most recent report, titled “Taproot Primer: An… Read More

September 21, 2021 @ 7:38 am By JD Alois  |  

Dutch Fintech Recharge has raised $35 million in Series B funding led by new investor SmartFin and existing investors Prime Ventures and Kreos Capital. According to a release, the new investment is one of the largest in a Dutch startup this year. Recharge says that… Read More

September 21, 2021 @ 7:25 am By Omar Faridi  |  

Payhawk, the platform that brings together expense, payment and invoice management in one solution, reveals that it’s offering its clients Apple Pay, which is considered a safer, more secure and private way to make payments. As reported by Finextra, this option should assist clients with… Read More

September 21, 2021 @ 3:00 am By JD Alois  |  

Wiserfunding, a UK provider of credit risk assessment for SME lenders, has secured £3 million investment from BGF – the UK and Ireland’s most active growth capital investor. According to Wiserfunding the funding will be used to boost the international expansion of its services. The… Read More

September 20, 2021 @ 9:55 pm By Omar Faridi  |  

China’s XTransfer, an established one-stop cross-border financial and risk management solution provider, has secured $138 million in capital via its Series D round. XTransfer‘s investment round was led by D1 Capital Partners, along with existing shareholders also making contributions. XTransfer will be using the funds… Read More

September 20, 2021 @ 9:33 pm By Omar Faridi  |  

S&P Global Ratings has reportedly given Judo Bank a BBB- rating, which is a move that may have surprised one of Australia’s first banking challengers for SMBs, especially due to the “relatively short life cycle,” according to an update from The Future of Banking. In… Read More

September 20, 2021 @ 7:18 pm By Omar Faridi  |  

XM Studios, a firm that’s backed by Heliconia Capital, reveals a new listing of exchangeable notes on digital securities investment platform ADDX – previously doing business as iSTOX. As mentioned in an update shared with CI, the deal secures SGD 4.5 million in additional capital… Read More

September 20, 2021 @ 7:02 pm By Omar Faridi  |  

Mark Boost, CEO at Civo, says he’s pleased to confirm that THG Ingenuity, the technology division of digital commerce platform THG, has invested $2 million in order to “take a minority stake in Civo.” Boost writes in a blog post that they’re “proud” to be THG… Read More

September 20, 2021 @ 4:04 pm By JD Alois  |  

mmob has announced the inclusion of iwoca into its network of digital lending providers. According to a company release, the partnership will enable banks and other financial institutions to embed small business loan provisions into their digital ecosystems. Since 2012, iwoca has provided access to… Read More

September 20, 2021 @ 2:16 pm By Tony Zerucha  |  

BSO, in partnership with Geneva-based ImpactScope, a social enterprise providing carbon offsetting solutions to digital asset exchanges and crypto mining companies, now offers its cryptocurrency traders the means to calculate and offset the excess carbon emissions of their operations. The criticism of cryptocurrencies’ energy consumption… Read More

September 20, 2021 @ 11:40 am By Omar Faridi  |  

Digital assets firm Circle notes that at the beginning of July 2021, they had announced support for stablecoin USDC on the TRON blockchain, which is one of the largest open (or permissionless) blockchain networks. TRON aims to support a wide crypto ecosystem “popular within Asian… Read More

September 20, 2021 @ 9:55 am By Omar Faridi  |  

Crypto.com revealed on Monday (September 20, 2021) that it has expanded its total insurance coverage to $750 million, after increasing its policy coverage – which has been led by Arch Underwriting at Lloyd’s Syndicate 2012. As mentioned in a release shared with Crowdfund Insider, the… Read More

September 20, 2021 @ 9:53 am By Omar Faridi  |  

The Bondora secondary market experienced a “complete trend reversal” in August 2021. The European P2P lender reveals that there was a substantial 107.9% growth when compared to the month of July 2021. This growth equates to “a total of €338,235 being transacted on the Secondary… Read More