Global

June 4, 2020 @ 7:37 am By Omar Faridi  |  

Stenn, an online trade finance scale-up, has acquired investments from Barclays Bank, Coface SA, and Crayhill Capital Management LP via its latest funding round. The capital raised will be used to support Stenn’s trade financing program, Stenn Assets Funding, which is currently valued at $500… Read More

June 4, 2020 @ 12:54 am By Omar Faridi  |  

London-based Plutus​, a Fintech firm that helps users easily convert their digital assets at 0% into major fiat currencies including the British pound (GBP) and Euros, has announced an affiliate partnership with sports apparel giant, Nike. Through the partnership, users will be able to earn… Read More

June 3, 2020 @ 11:47 pm By Omar Faridi  |  

Private identity solution provider, Incognia, has introduced a location-based behavioral biometrics software product that aims to reduce or eliminate the growing rates of mobile fraud. According to a press release shared with CI, Incognia’s anti-fraud software development kit (SDK) and APIs aim to improve standard… Read More

June 3, 2020 @ 10:59 pm By Omar Faridi  |  

There are now almost 8,000 Bitcoin (BTC) ATMs, or BTMs, installed worldwide, according to data from Coin ATM Radar. A Bitcoin ATM is a kiosk that lets users buy Bitcoin with cash or their debit card. Some BTMs also allow people to sell the pseudonymous… Read More

June 3, 2020 @ 9:54 pm By Omar Faridi  |  

Venture capital investments have been increasing steadily in Latin and South America, Southeast Asia, and India. Last year was particularly notable because of considerably more venture investments allocated towards emerging private capital markets, including Southeast Asia, Latin and South America, India, Central Eastern Europe, and… Read More

June 3, 2020 @ 9:45 pm By Omar Faridi  |  

New Zealand-based Fintech firm Zeeco has partnered with Salt Edge, a company that provides Open Banking solutions, in order to access users’ financial data and automate certain eco-contributions. As mentioned in a blog post published on Salt Edge’s official website: “With [rising] awareness [about] the… Read More

June 3, 2020 @ 2:16 pm By Samantha Hurst  |  

Tink, a Sweden-based fintech that provides APIs to create next-generation banking services, announced on Wednesday it has extended its open banking support for PayPal (NASDAQ: PYPL). According to Tink, the expanded relationship is supported by a second strategic investment from PayPal, carried out in connection… Read More

June 3, 2020 @ 1:20 pm By JD Alois  |  

Crowdcube, a top European investment crowdfunding platform based in the UK, is reporting that even during the COVID-19 crisis investment metrics remain strong. In a blog post today, Crowdcube stated: “May [2020] saw an increase in investment activity at Crowdcube, with it reaching a lockdown… Read More

June 3, 2020 @ 12:57 pm By JD Alois  |  

  Invesdor, an equity crowdfunding platform that merged with an Austrian debt-funding platform Finnest in 2019, has completed its first equity round in the DACH region (Germany-Austria-Switzerland). Biogena Group GmbH raised almost €2 million, according to reports by Invesdor. Biogena, founded by CEO Albert Schmidbauer,… Read More

June 3, 2020 @ 10:53 am By JD Alois  |  

The British Business Bank has approved new lenders for several COVID-19 support schemes. According to a release, JCB Finance will join the other 18 Bounce Back Loan Scheme (BBLS) lenders who have been accredited since the program opened last month. Last Friday, Metro Bank was… Read More

June 3, 2020 @ 9:25 am By Samantha Hurst  |  

Digital bank Revolut announced on Wednesday the launch of its new financial app version. According to Revolut, the new version is the latest step in the fintech’s journey to becoming a financial super app. Revolut further explained that the app’s redesign has focused on creating… Read More

June 3, 2020 @ 9:22 am By JD Alois  |  

Factorin, a trade finance platform using blockchain, reports that it has “transformed” the trade finance market in Russia in one year since launch. According to a company release, Factorin has garnered relationships with 30 different banking entities, processed 246,000 invoices with transactional turnover exceeding $500… Read More

June 3, 2020 @ 9:05 am By Omar Faridi  |  

The London Stock Exchange Group (LSEG) and Global Accelerated Ventures (GAV) have introduced a post-COVID-19 fundraising program that aims to assist Fintech and Healthtech firms that might need additional capital to support their growth and development after the pandemic has passed. As noted in statements… Read More

June 3, 2020 @ 12:17 am By Omar Faridi  |  

Brian Kerr, CEO at Kava Labs, notes during an interview with Alexandre Raffin at GAINS Associates that Cosmos’ value proposition is that “if you make a blockchain and it has a similar consensus mechanism to another blockchain …[then by using] … the inter-blockhain communication protocol… Read More

June 2, 2020 @ 10:37 pm By Omar Faridi  |  

Square Crypto, a Bitcoin (BTC) focused initiative launched by Jack Dorsey’s payments company Square (NYSE:SQ), has awarded a grant to Talaia (pronounced “Talaia”), a project-based in Spain and developed by Sergi Delgado, a distributed networks specialist from Barcelona. Square Crypto noted via Twitter: “Talaia is… Read More

June 2, 2020 @ 10:13 pm By Omar Faridi  |  

Welcome Technologies has launched a new bank account through a partnership with Green Dot [NYSE: GDOT]. The new bank accounts and Visa card, PODERcard, are mainly for the unbanked immigrant US Hispanic population. Welcome Technologies is using Green Dot’s Banking as a Service (BaaS) platform… Read More

June 2, 2020 @ 9:56 pm By Omar Faridi  |  

Bitcoin Mercantile Exchange (BitMEX), one of the largest cryptocurrency derivatives exchanges in the world, says that they “no longer think that dated volatility-related bets are an effective way to protect portfolios because they are now too expensive.” THe BitMEX team stated: “We believe that inflation… Read More

June 2, 2020 @ 7:24 pm By Omar Faridi  |  

Brendan Blumer, CEO at Block.one, the developer of EOS, a leading platform for building decentralized applications (dApps), reminded his social media followers that it’s now been two years (on June 2, 2020) since the EOS mainnet went live (during the summer months of 2018). Blumer… Read More

June 2, 2020 @ 4:34 pm By Charles Hoskinson  |  

When you go to a bar and give your ID to the bartender, do you ever think about how much you’re giving away? Let’s say you use your driving license as your ID; you’re letting the bartender know that you’re not underage, but you’re also… Read More

June 2, 2020 @ 3:54 pm By Samantha Hurst  |  

Western Union (NYSE: WU) is reportedly seeking to acquire digital money transfer service MoneyGram (NASDAQ: MGI). The acquisition rumors come just a little over a month after Western Union announced the continued expansion of its Global Network for real-time money-movement and payments. MoneyGram describes itself… Read More