Global

June 18, 2020 @ 1:15 am By Omar Faridi  |  

  A record $1.8 billion was invested in Israel’s Fintech sector in 2019, which represented a 107% increase compared to 2018 when financial technology firms attracted $800 million in total investments. Israel is currently ranked fifth, globally, in terms of total Fintech investments, according to… Read More

June 17, 2020 @ 11:45 pm By Omar Faridi  |  

Softbank Group-backed Greensill Capital, a London based provider of capital finance for businesses and people globally, will reportedly be acquiring Colombia’s Omni Latam in order to accelerate the growth and adoption of innovative financial tech solutions in Latin America. The amount that will be paid… Read More

June 17, 2020 @ 10:33 pm By Omar Faridi  |  

IPC, a global provider of communications and networking solutions for the financial markets, has teamed up with OpenFin, an operating system built specifically for the financial community. IPC’s “App Store” environment will allow traders and other regulated users to leverage IPC-developed applications. Users will also… Read More

June 17, 2020 @ 6:30 pm By Omar Faridi  |  

We recently caught up with Li Jun, the founder of Ontology (ONT), a high-performance enterprise blockchain platform developed in 2017 with technical support from Chinese firm called OnChain, which is headed by Erik Zhang and Da HongFei, the developers of the NEO Blockchain (which was… Read More

June 17, 2020 @ 3:19 pm By Samantha Hurst  |  

LendInvest a UK-based marketplace for property financing, announced on Wednesday it has joined Sesame and PMS’s lender panel to ramp up distribution of its Buy-to-Let and Bridging products. According to LendInvest, the network and mortgage club’s member firms will now be able to register with… Read More

June 17, 2020 @ 2:50 pm By JD Alois  |  

Assetz Capital, a secured peer to peer lender operating in the UK, recently launched a securities offer on Seedrs. Assetz Capital claims to be the second-largest peer to peer business lender in the UK. In about a week, Assetz Capital raised its £500,000 minimum target… Read More

June 17, 2020 @ 1:44 pm By Samantha Hurst  |  

Civic Technologies, the premier blockchain-powered identity and payment solution provider, announced on Wednesday its  Civic Wallet, previously only available in private beta, is now generally available. Civic claims that Civic Wallet offers a safer way to store and transact with digital identity and currency. Civic… Read More

June 17, 2020 @ 11:07 am By JD Alois  |  

Top digital bank Monzo has raised £60 million in new funding at a significant decline in valuation reportedly a 40% haircut. A second tranche of funding may be forthcoming later this year. It was reported last month that Monzo was seeking up to £100 million… Read More

June 17, 2020 @ 10:27 am By JD Alois  |  

BPC, a payment solutions, has today announced that it will be joining Visa’s Fintech Fast Track Program as the preferred technology enablement partner for Visa. BPC has been around for quite some time (1996) providing solutions to both traditional and newer financial services firms. The… Read More

June 17, 2020 @ 9:17 am By Samantha Hurst  |  

  Digital bank Revolut announced on Wednesday the launch of Open Banking for its more than one million retail and business customers in Ireland. According to Revolut, the new Open Banking feature allows retail customers in Ireland to connect their AIB, Permanent TSB, Ulster Bank,… Read More

June 17, 2020 @ 7:56 am By Omar Faridi  |  

The Islamic Research and Training Institute (IRTI), a member of the Islamic Development Bank Group (IsDB), has teamed up with Samsung-backed blockchain tech company, Blocko, in order to implement a distributed ledger technology (DLT)-powered “smart” credit management platform. As mentioned in a release shared with… Read More

June 17, 2020 @ 7:42 am By JD Alois  |  

Seedrs, a securities crowdfunding platform, has posted an update on its nascent Secondary Market. Seedrs is one of the top online capital formation platforms in the UK that provides issuers with the opportunity to raise growth funding online while managing their investors following a funding… Read More

June 17, 2020 @ 5:00 am By JD Alois  |  

Pagaya, a Fintech in the asset management space, has closed on a $102 Series D funding round. Simultaneously the company has announced a $200 asset-backed security (ABS) issuance of consumer credit – “reopening” the COVID-19 impacted market. Pagaya’s total ABS issuance now stands at over… Read More

June 17, 2020 @ 1:50 am By JD Alois  |  

October, an online lender serving European SMEs, has launched a new predictive risk tool to instantly respond to requests for State Guaranteed Loans. Like other regions, the COVID-19 crisis has hit European businesses hard. In order to help them get back on their feet, the… Read More

June 16, 2020 @ 11:45 pm By Omar Faridi  |  

Binance, Crypto.com, DARMA Capital, Huobi Wallet, Matrixport, and Trustology will reportedly join the ConsenSys Codefi Staking Pilot Program, in order to gain early access to the Ethereum 2.0 staking solution. Ethereum 2.0 or Eth2 is a major system-wide upgrade to Ethereum (ETH), the world’s largest… Read More

June 16, 2020 @ 10:12 pm By Omar Faridi  |  

Decentralized VPN network, Orchid Protocol, is developing two Chainlink-powered decentralized oracle networks which will allow users to estimate the bandwidth cost on Orchid. Users will know how much they can expect to pay (approximately) in the native OXT token and US dollars. The OXT/USD feed… Read More

June 16, 2020 @ 3:36 pm By JD Alois  |  

EquityZen, a secondary marketplace for private securities, has received a nice recognition from the World Economic Forum (WEF), according to a note from the firm. The WEF has selected EquityZen as a company in the list of the 100 of the most promising Technology Pioneers… Read More

June 16, 2020 @ 2:24 pm By Samantha Hurst  |  

Just a little over a year after raising $3.4 million, UK-based international money transfer platform TransferGo reportedly raised $10 million through its latest investment round. The platform also expanded its services to 11 next markets. As previously reported, TransferGo claimed last year to be the first… Read More

June 16, 2020 @ 11:40 am By JD Alois  |  

Planet42, a company based in Estonia but operating in Africa, has reported raising $2.4 million in a seed round led by Change Ventures with support from private investors including Martin Villig (Bolt), Ragnar Sass (Pipedrive), Marko Virkebau (MeetFrank), Kristjan Vilosius (Katana MRP), and others. Planet42… Read More

June 16, 2020 @ 11:21 am By JD Alois  |  

A new report claims that established banks Swedbank and SEB enabled “suspected fraud networks” to operate in the Baltics and mentions bankrupt peer to peer lending platform Envestio by name. Envestio, and similar platform Kuetzal, recently filed for bankruptcy in Estonia. Earlier this year, both… Read More