Global

September 9, 2020 @ 8:06 am By Omar Faridi  |  

Cryptocurrency adoption has been growing steadily across the globe, according to Chainalysis’ Global Crypto Adoption Index. As mentioned in a report from the blockchain security firm, the majority of cryptocurrency volume reflects trading and speculation that was conducted by professional or institutional investors that were… Read More

September 9, 2020 @ 7:53 am By JD Alois  |  

Starling Bank, a digital-only bank, has launched “Starling Kite” a child-friendly banking account that incorporates certain controls for parents and guardians. Starling Kite will be linked to an adult’s account to help track utilization while children aged between 6 to 16, will receive a banking… Read More

September 9, 2020 @ 7:42 am By Omar Faridi  |  

The Security Token Group (STG), which is focused on “reinventing” capital markets with blockchain-based security tokens, reveals that security token trading volume, as tracked by stomarket.com, reached almost $22 million during August 2020. STG noted that last month’s volume comes close to an average of… Read More

September 8, 2020 @ 10:22 pm By Omar Faridi  |  

Mollie, a European payment processing company, has secured €90 million in capital through a Series B investment round which was led by TCV, a prominent investor that has also participated in rounds conducted by Spotify, Revolut, Netflix, and Nubank, one of the largest digital banks… Read More

September 8, 2020 @ 6:36 pm By JD Alois  |  

Fvndit, Inc. (pronounced “fundit”), a California/Vietnam-based Fintech has received a $30 million investment of debt financing led by Accial Capital and Variant Investments. Fvndit operates a wholly-owned subsidiary, eLoan, JSC, an online peer-to-peer marketplace in Vietnam. Fvndit reports that SMEs account for 41% of Vietnam’s… Read More

September 8, 2020 @ 2:13 pm By Samantha Hurst  |  

Jifiti, a U.S.-based point of sale (POS) financing platform, announced on Tuesday it has joined forces with Mastercard to scale its point of sale installments offering to provide more options for consumers at checkout. Jifiti reported its platform is fully integrated using Mastercard’s Application Programming… Read More

September 8, 2020 @ 12:00 pm By Omar Faridi  |  

Cred, a digital asset lending and borrowing platform, revealed on September 8, 2020, that it has joined Visa’s Fintech Fast Track program, in order to speed up the process of integrating with the payment giant’s global network. As mentioned in a release shared with CI,… Read More

September 8, 2020 @ 12:00 pm By Omar Faridi  |  

Plenti, a consumer lending platform (previously known as RateSetter Australia), has announced that it will carry out an initial public offering (IPO), in order to secure AUD 55 million in capital. Plenti’s management noted that they’ll offer 33.1 million shares at the rate of $1.66… Read More

September 8, 2020 @ 10:56 am By JD Alois  |  

Chip, a savings app, is reporting solid interest in its forthcoming securities offering on Crowdcube. Accordging to a release, Chip has seen approximately 25,000 individuals pre-register on the upcoming funding round. Chip says this investment interest follows a summer of record growth for the Fintech…. Read More

September 8, 2020 @ 9:22 am By JD Alois  |  

Stablecoin Binance USD (BUSD) is said to have completed $3.8 billion in total transactions and $2.4 billion issued after just one year of being live and in the wild. BUSD was approved by the New York Department of Financial Services (NYDFS). Created in partnership between… Read More

September 8, 2020 @ 9:00 am By JD Alois  |  

B2B payments Fintech Melio says it has now raised $144 million in total following a Series C funding round this month (August) raising $80 million. Melio previously raised $48 million in March 2020 and closed on $16 million in Seed and Series A funding. Melio… Read More

September 8, 2020 @ 8:31 am By JD Alois  |  

ETC Group reports that it has signed a series of “Authorised Participants” to support the liquidity of BTCetc Bitcoin Exchange Traded Crypto (BTCE). Launched in June 2020, BTCE became the first Bitcoin-based exchange-traded product to list on XETRA in Germany. BTCE is 100% physically backed… Read More

September 8, 2020 @ 7:49 am By Omar Faridi  |  

Billion-dollar food delivery giant, Just Eat in France, is now accepting Bitcoin (BTC) payments. Just Eat had been allowing users to pay with Apple Pay, Google Pay, PayPal, and also with their credit cards through its website. Other traditional payments options such as checks and… Read More

September 7, 2020 @ 10:45 pm By Omar Faridi  |  

Funding Circle (LSE: FCH), an SME lender that facilitates loans in both the US and parts of Europe, notes that the Bounce Back Loan Scheme (BBLS) will be ending in early November of this year. The BBLS has been provided via the British Business Bank… Read More

September 7, 2020 @ 10:00 pm By Omar Faridi  |  

Kokila Alagh, Founder of KARM Legal and a member of the MENA Fintech board, recently shared the latest updates from the Middle East region, including the United Arab Emirates (UAE) with Crowdfund Insider. Alagh works closely with the Arab Monetary Fund (AMF), the Dubai International… Read More

September 7, 2020 @ 9:47 pm By Omar Faridi  |  

UK Fintech and stealth bank TransferWise provides an eBay PayPal fee calculator in the US. People who sell via eBay and then accept payments through PayPal will be impacted by the extra PayPal and eBay fees. That’s because the extra charges can take a significant… Read More

September 7, 2020 @ 1:25 pm By Omar Faridi  |  

RateSetter, a leading UK based peer to peer (P2P) lender that was recently acquired by Metro Bank, has confirmed that it won the award for “Best Loan Provider” for loans of £2,500 or more at the Consumer Credit Awards for 2020. The Consumer Credit Awards… Read More

September 7, 2020 @ 12:25 pm By Omar Faridi  |  

Latvia-based peer to peer (P2P) lender Grupeer has provided an update regarding the current status with the repayments and debt collection processes on its platform. The Grupeer team noted that, as its clients already know, since April 2020, the lender had suspended its “economic activity.”… Read More

September 7, 2020 @ 11:14 am By JD Alois  |  

Smart Lenders AM, a firm that invests in marketplace lending, has received an equity investment from Matmut, according to a company release. Matmut is said to have been an investor in the Moonstone Lending Fund, the main investment vehicle managed by Smart Lenders. Matmut reportedly… Read More

September 7, 2020 @ 10:12 am By JD Alois  |  

FinecoBank has boosted its options regarding investment products by including funds from Fidelity International for UK clients. One of the largest banks in Italy, Fineco launched in the UK in 2017 entering the digital banking fray. During the past months, Fineco has continued to add… Read More