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

Israeli Investing Platform eToro Files for US IPO

Israel-headquartered social trading-focused online broker eToro has reportedly filed for an initial public offering (IPO) with US regulators. Founded in 2007, eToro describes itself as a social investing enabler that aims to revolutionize the way people invest. In March 2019, the company added crypto trading… Read More

Invoice Factoring Fintech Revving Gears Up With Ā£107M Infusion

Revving, a United Kingdom-based invoice factoring firm, announced this week a Ā£107 million investment led by asset manager DWS. The package includes Ā£100 million of debt funding, which will be invested directly into the UK Adtech sector and wider digital economy. Revving said that the… Read More

Tezos Powered Tokenization Platform Fraktion Raises ā‚¬1.1 Million in Seed Funding, Targets Real Estate

Fraktion is a tokenization and securities crowdfunding enabler that is powered by Tezos.Ā  The France-based company recently announced Seed funding of ā‚¬1.1 million, backed by Tezos as well as Cabrit Capital, Vox Capital, and other angel investors. Fraktion is focusing on real-world assets, specifically real… Read More

abrdn Finalizes New Infrastructure Fund, Will Support European Growth Strategy

abrdn announces the final closing of its third core/core+ infrastructure fund, ASCI III. Focused on direct investments in European small to mid-market core and core+ infrastructure opportunities, the Fund builds “on the success of Funds I and II, and related co-investment vehicles.” The Fund has… Read More

EU-UK Financial Regulatory Forum Discusses AI, Crypto

The EU-UK Financial Regulatory Forum met this past week in London. The entity aims to pursue regulatory cooperation while preserving financial stability and protecting participants. The event was co-chaired by HM Treasury, and the Director General for Financial Services and the European Commission Director General… Read More

Generative AI has Permanently Altered the Fraud Landscape – Report

Experian‘s research ‘Proactive Defense: Tackling Evolving Fraud Threats’ conducted by Forrester Consulting, surveyed more than 400 senior fraud professionals and decision makers across different countries, such as India, Norway, Denmark, Spain, Italy, the Netherlands and Germany. As mentioned in the update from Experian, a notable… Read More

Blockstream Establishes Tokyo Office to Enable Bitcoin Adoption in Asian Markets

Blockstream, the firm focused on Bitcoin-powered financial infrastructure, is expanding its footprint with the opening of a Tokyo office, marking an advance in Bitcoinā€™s evolution in Japan and across Asian markets. Partnering with Diamond Hands, Japanā€™s Bitcoin strategic consultancy, and Fulgur Ventures, an investor in… Read More

SyndicateRoom Touts 11X Increase in Valuation for Portfolio Firm

SyndicateRoom, an online investment platform that was recently acquired, has distributed an email touting a portfolio company that has experienced an 11X increase in valuation. SyndicateRoom offers access to private firms via a portfolio model. The company tracks the most successful professional investors to help… Read More

Digital Bank Revolut Provides Services for Ukrainian Residents, Begins Donation Campaign

Revolut, the global financial app claiming more than 50 million customers worldwide, has announced expansion of its services to Ukrainians along with a new international donation campaign for Ukraine. Starting now, Ukrainian residents will be able to open a European Revolut account and experience “an… Read More

UK Firms Report Sharp Increase in Prices and Costs as New Year Opens for Business

Four of the 12 UK nations and regions recorded business activity growth in January, according to the NatWest Growth Tracker. The NatWest Regional Growth Tracker Business Activity Index is described as the “fact-based indicator of regional economic health, tracking the monthly change in the output… Read More

HeavyFinance Reports Steady Inflow of Investments with ā‚¬3.29M Committed in January

HeavyFinance has shared its latest performance review. In January, HeavyFinance says that it saw “a strong inflow of investments, with a total of ā‚¬3.29 million committed.” Meanwhile, HeavyFinance pointed out that ā‚¬ 3.34 million was used “to completely finance 78 farmer loans during the month.”… Read More

EuroCrowd Adopts a New Structure Aimed at Creating a “More Sustainable, Member-driven Approach”

In a recent email, EuroCrowd announced it was adopting a new operational structure for the group. EuroCrowd is the leading voice in Europe supporting the securities crowdfunding sector. Several years ago, the ECSPR, or European Crowdfunding Service Providers regulation, was adopted by the EU. This… Read More

Zeta Touts Valuation in New $50 Million Funding

Zeta, a banking tech platform, is sharing a new valuation for $50 million in funding.Ā Zeta says pre-money valuation hit $2 billion compared to their prior valuation fo $1.15 billion at their last priced round. The prior round in 2021 was led by Soft Bank, but… Read More

ClearBank Powers Embedded Banking for Capital on Tap

ClearBank is powering Capital on Tap’s embedded banking solution. Capital on Tap is a cards platform that focuses on SMEs. According to a note from ClearBank, Capital on Tap will now be offering savings accounts and loans from their chosen banks. The new savings accounts… Read More

UK Economy Reports Some Growth, GDP 0.1% for Q4 2024

Today, the UK Office for National Statistics reported GDP for Q4 2024 at 0.1%. Although rather tepid, it topped the expectations of no growth or an economic contraction. In Q3 2024, GDP delivered no growth in the UK. The data indicated that the services sector… Read More

AI and Pensions : PensionBee Research Reveals UK Savers Looking for Balance, Not Bots

Research from PensionBee reveals that while UK savers are open to AI playing a role in pension customer support, they are not ready for a fully automated experience. PensionBee noted that 79% of survey respondents expressed preferences for “a mix of human and AI interaction… Read More

UK Consumers Increasingly Being Deceived by Deepfakes on Dating Apps – Report

Data shared by Regtech Sumsub shows that three quarters of UK dating app users have come across deepfakes, “19% have personally been deceived by one, and 22% have had someone close to them misled by AI.” Regtech Sumsub pointed out that in the last five… Read More

European Pay By Bank Fintech TrueLayer Reports 10 Million Users

TrueLayer, Europeā€™s Pay by Bank provider, is announcing that its consumer network has now surpassed 10 million active users. This growth highlights the demand for cost-effective digital payments, with TrueLayerā€™s Pay by Bank solution contributing to the key industry trend. To date, TrueLayer says that… Read More

Penny Pinch and Western Union Launch Global Money Transfer Services

Western Union (NYSE: WU) and Penny Pinch announce that they have launched international money transfer services in the Penny Pinch app. The co-branded service enables customers in the country to send and receive money globally, “based on their convenience and needs.” Penny Pinch is Eastern… Read More

Cash Transactions: NCR Atleosā€™ Cashzone Network Expands into Italy, Enabling Improved Access to Cash

NCR Atleos Corporation (NYSE: NATL), a key player focused on expanding self-service financial access for financial institutions, retailers and consumers, announced that it has expanded its ATM network, under the Cashzone brand, into Italy, providing access to cash for both residents and tourists. Although many… Read More

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