Global

April 24, 2020 @ 5:56 pm By Omar Faridi  |  

Tim Carmody, the chief technology officer at IPC, a global provider of communications and networking solutions for the financial markets, recently shared his views and insights with Crowdfund Insider. Carmody, who has several decades of experience in designing and leading complex technology solutions for the… Read More

April 24, 2020 @ 5:21 pm By JD Alois  |  

Earlier this week, HM Treasury announced updated relief programs designed to help early-stage firms that may not have been eligible for previously announced COVID-19 economic support programs. At the time of the announcement, Chancellor of the Exchequer Rishi Sunak said the additions would help power… Read More

April 24, 2020 @ 4:41 pm By Omar Faridi  |  

Reserve banks must seriously look into issuing a digital version of cash in order to prevent the “privatization” of money, according to research and campaign group Positive Money. The group’s recent report argues that trust in the existing monetary system might disappear, if banks don’t… Read More

April 24, 2020 @ 1:43 pm By JD Alois  |  

  Seedrs is unique in the fact it has created a viable secondary marketplace for crowdfunded securities. While still rather small, where other platforms have struggled Seedrs has incorporated an effective trading platform that continues to iterate, evolve, and expand thus providing an element of… Read More

April 24, 2020 @ 10:14 am By JD Alois  |  

While everyone expects the People’s Bank of China to launch a limited trial of its Central Bank Digital Currency (CBDC) or Digital Currency Electronic Payment (DCEP) as it is called in the country questions have frequently emerged as to how the government will utilize the… Read More

April 24, 2020 @ 8:49 am By Omar Faridi  |  

Fintech firm Currencycloud has introduced a new API that offers SWIFT GPI tracking of international payments. Previously, the only entities providing cross-border transaction tracking services were banking institutions. Currencycloud aims to enter this market, and plans to make payment tracking as straightforward as tracking packages…. Read More

April 24, 2020 @ 8:49 am By Samantha Hurst  |  

Western Union (NYSE: WU) announced on Thursday the continued expansion of its Global Network for real-time money-movement and payments. Western Union reported that the Network has more than 550,000 agent locations across over 200 countries and territories (it now includes more than four billion bank… Read More

April 24, 2020 @ 8:18 am By Omar Faridi  |  

Fintech funding has declined significantly during the first quarter of this year, mainly due to the Coronavirus (COVID-19) outbreak, and resulting social and economic challenges. A recent report from Forrester has cautioned that many companies could be forced to shut down as the effects of… Read More

April 24, 2020 @ 1:07 am By Omar Faridi  |  

UK-based digital bank Monzo has been planning to enter the US market for a fairly long time. A beta launch in the US was announced in late 2019. The banking challenger, which has been valued at over $1 billion, has managed to almost double its… Read More

April 23, 2020 @ 10:47 pm By Omar Faridi  |  

Crypto and blockchain or distributed ledger tech (DLT) firms have been developing solutions to help people cope with the deadly Coronavirus (COVID-19) outbreak. Several crypto and Fintech firms and organizations have launched charitable initiatives in order to provide financial relief and other types of assistance… Read More

April 23, 2020 @ 8:40 pm By Omar Faridi  |  

Israel-based BioCatch, a behavioral biometrics firm, has secured $145 million in capital through a Series C investment round, which was led by Bain Capital Tech Opportunities. BioCatch is an OurCrowd portfolio company and the crowdfunding platform took part in this most recent round. Existing investors… Read More

April 23, 2020 @ 3:07 pm By Samantha Hurst  |  

Mambu, a Berlin-based SaaS banking platform provider, announced this week it has formed a new partnership with global fintech TransferWise. Mambu reported that its customers, challenger, and traditional banks may now access TransferWise’s technology infrastructure directly through its platform to offer inexpensive and transparent international… Read More

April 23, 2020 @ 8:01 am By Samantha Hurst  |  

Banking and finance industry organization UK Finance announced on Thursday that its latest data revealed more than £2.8 billion has been lent to SMEs so far through the Coronavirus Business Interruption Loan Scheme (CBILS). The organization reported that total lending under CBILS has doubled in… Read More

April 23, 2020 @ 7:53 am By Omar Faridi  |  

Open Banking platform Nordic API Gateway has acquired an additional €4.6 million in capital through an internal investment round, which was supported by the firm’s partners, Danske Bank, and DNB. Nordic API Gateway has now raised a total of €13.3 million. The capital acquired will… Read More

April 23, 2020 @ 7:38 am By Omar Faridi  |  

gohenry, the provider of a debit card and Fintech app with special parental controls for children between the ages of 6-18, has now surpassed the one million customer milestone. As noted in a release shared with Crowdfund Insider: “Following years of accelerated growth since its… Read More

April 23, 2020 @ 2:37 am By Omar Faridi  |  

UK-based Applied Blockchain, an enterprise-grade blockchain or distributed ledger tech (DLT) solutions provider, has secured £2 million (appr. $2.5 million) in capital through a new funding round. The company’s investment round was led by QBN Capital, a Hong Kong-headquartered venture capital company. Applied Blockchain’s management… Read More

April 22, 2020 @ 11:35 pm By Omar Faridi  |  

The reserve bank of the Netherlands, De Nederlandsche Bank, recently revealed that it’s planning to play a key role in the ongoing development of central bank digital currencies (CBDCs). As mentioned in a notice published on April 21, 2020, the Dutch central bank said that… Read More

April 22, 2020 @ 7:30 pm By Michael Burtov  |  

It’s no secret that there has always been a disconnect between the Venture Capital (VC) industry and the Startups that they fund. VCs are the embodiment of old school funding and their investments have, until recently, been the judge, jury, and executioner for countless innovation… Read More

April 22, 2020 @ 2:24 pm By JD Alois  |  

EstateGuru is a peer to peer lender based in Estonia that has grown to over 46,000 investors from 106 countries originating more than €200 million in loans to date. The debt-based crowdfunding platform is now preparing to raise capital via Seedrs – and the offering… Read More

April 22, 2020 @ 1:10 pm By Samantha Hurst  |  

Paysafe Group, a global payments provider, announced on Wednesday it has achieved CarbonNeutral Company status. This announcement comes on the 50th anniversary of Earth Day. Paysafe reported that the status is part of its ongoing commitment to the environment and has also been backdated to… Read More