Global

July 25, 2020 @ 6:48 pm By Omar Faridi  |  

  One in five or 20% of startups in Latvia are part of the nation’s Fintech sector, according to a report released on July 24, 2020. Swedbank Latvia, a large retail bank, teamed up with the Latvian Startup Association in order to publish a Fintech… Read More

July 25, 2020 @ 5:38 pm By Omar Faridi  |  

Estonia-based Fintech firm Montonio has secured €500,000 in capital through a new pre-seed funding round. Charlie Songhurst from Katana Capital and (previously) Google, and Triin Hertmann (former COO at TransferWise) and Martin Sokk (first head of product at TransferWise) took part in the round. Other… Read More

July 25, 2020 @ 4:33 pm By Omar Faridi  |  

Brazil-based Solfácil, a Fintech firm focused on helping with financing the installation of solar panels in homes, is reportedly looking to expand its operations after acquiring additional funding. In statements shared with BNamericas, Fábio Carrara, the founder and CEO, stated that the company is currently… Read More

July 25, 2020 @ 3:05 pm By Omar Faridi  |  

Peer to peer (P2P) lending platform managers have different predictions or expectations about how Innovative Finance ISA (IFISA) inflows will perform during this tax year in the United Kingdom. David Bradley-Ward, CEO at Ablrate, an asset-backed lending platform, claims that net inflows on the platform… Read More

July 25, 2020 @ 2:53 pm By Omar Faridi  |  

The World Economic Forum (WEF) Fintech Cybersecurity Consortium was established in 2018. It aims to help protect the global financial ecosystem, which now includes large organizations with “high levels of cybersecurity maturity” and fast-growing Fintech firms that are offering emerging technologies such as AI, Big… Read More

July 24, 2020 @ 6:04 pm By Omar Faridi  |  

London-based Selina Finance, an online lender that provides secured home equity loans at competitive rates, has secured £42 million in capital through a Series A funding round. The funding reportedly includes £12 million in equity from Picus Capital and Global Founders Capital and £30 million… Read More

July 24, 2020 @ 6:01 pm By JD Alois  |  

Digital bank Revolut has raised $80 million in additional capital. The new funding is said to be an extension of a $500 million round, at a $5.5 billion valuation, revealed last February – just in the nick of time as COVID set in causing many… Read More

July 24, 2020 @ 5:18 pm By Omar Faridi  |  

NULS, a modular microservices-based blockchain network for enterprise software development, has introduced a formal strategy that aims to bridge into the decentralized financial (DeFi) sector of Ethereum (ETH). The new strategy aims to take advantage of the rising public interest in the DeFi space. NULs… Read More

July 24, 2020 @ 2:35 pm By Samantha Hurst  |  

Just one day after announcing it was expanding its white-label cryptocurrency solution to local enterprises and entrepreneurs in India, U.S.-based cryptocurrency exchange PayBito announced it is now offering its white label payment processor to enterprises worldwide.  According to PayBito, the white label solution allows enterprises… Read More

July 24, 2020 @ 10:48 am By Omar Faridi  |  

Telos, one of the most active blockchain-based networks in terms of transactions processed per second (which isn’t always the best metric to gauge the performance of DLT platforms), announced on July 23, 2020, that it has increased its staking rewards and also allocated more funding… Read More

July 24, 2020 @ 10:19 am By JD Alois  |  

BPC, a UK based payments provider, has partnered with Brazilian Desk, to offer Brazilian micro and small businesses digital financial services. BPC is a decades old firm providing digital solutions around the world. According to its website, BPC processed about USD $1 trillion during 2019…. Read More

July 24, 2020 @ 9:47 am By JD Alois  |  

Carlos Ghosn, once the Chairman of Nissan and now a bit of a fugitive, fled Japan in 2019 after being charged by authorities for allegations of misappropriated funds pertaining to the automotive firm. In December of 2019, Ghosn evaded the watchful eyes of Japenese authorities… Read More

July 24, 2020 @ 9:03 am By Omar Faridi  |  

Quantexa, a platform that aims to prevent financial crime, has acquired $64.7 million in funding with support from financial giants HSBC and ABN Amro Ventures. Quantexa’s recent investment round was led by Evolution Equity Partners. Accenture Ventures,  AlbionVC, British Patient Capital, and Dawn Capital also… Read More

July 24, 2020 @ 8:21 am By Omar Faridi  |  

Banks in Argentina have reportedly launched a new peer to peer (P2P) money transfer app, called Dimo. There are around 20 local banks that have now registered with the joint venture firm Pay Digital, which will be developing and deploying Dimo, according to an update… Read More

July 24, 2020 @ 12:30 am By Omar Faridi  |  

BNP Paribas, a French international banking group that’s ranked as the 8th largest bank in the world in terms of total assets (appr. €2 trillion), will reportedly become an anchor client in the European Union for tech giant IBM’s Cloud for Financial Services framework. The… Read More

July 23, 2020 @ 11:15 pm By Omar Faridi  |  

IslamicMarkets Ltd, an established learning and market intelligence provider for Islamic financial and commercial markets (with offices in London and Kuala Lumpur), has reportedly acquired additional funding from the DDCAP Group. Both companies are committed to expanding the global Islamic economy and supporting the development… Read More

July 23, 2020 @ 10:36 pm By JD Alois  |  

Australian Digital bank 86 400 has signed a strategic partnership with Australian Finance Group Ltd  (AFG), to expand its home loan broker distribution network, according to a company release. 86 400 states that with AFG on board, one in three mortgage brokers in Australia now… Read More

July 23, 2020 @ 10:08 pm By JD Alois  |  

This week Transferwise, a Fintech and stealth bank, added automatic payments via direct debits for US account holders. Users may now connect a US Bank, brokerage account, credit card, PayPal etc. and automate payments. Transferwise claims these transfers are “absolutely, 100%, Totes McGotes free.” The… Read More

July 23, 2020 @ 9:21 pm By JD Alois  |  

Birchal, the top investment crowdfunding platform in Australia, has published a report updating on progress being made in Australia regarding “crowd sourced funding” (CSF) as it is called in Australia. According to Birchal, since the commencement of Australia’s CSF industry in 2018, over 80 Australian… Read More

July 23, 2020 @ 5:46 pm By JD Alois  |  

Wirecard (WDI:DE), once a Fintech darling that fell through the regulatory cracks and now is one of the biggest financial debacles ever in Germany, is compelling public officials to revamp their approach to compliance and oversight. According to a report in Suddeutsche Zeitung, German Finance… Read More