Global

April 9, 2020 @ 4:00 pm By JD Alois  |  

Yesterday (April 8, 2020), the US Department of Homeland Security issued an alert – warning consumers about COVID-19 related scams. The joint statement actually included the Infrastructure Security Agency (CISA) and the United Kingdom’s National Cyber Security Centre (NCSC) due to the depth of the… Read More

April 9, 2020 @ 12:16 pm By JD Alois  |  

Cryptoasset insurance company Evertas, formerly doing business as BlockRE, say adoption of crypto and blockchain in general is being held back by lack of a “robust insurance market.” The company cites a survey that claims just over half (55%) of insurance executives it interviewed believe companies… Read More

April 9, 2020 @ 9:00 am By JD Alois  |  

Molinari Media has acquired UK based Fintech Worldwide, according to a company release. Molinari Media is a new company created by Vince Molinari – a well-known individual in the Fintech and crowdfunding world. Molinari was recently involved with Templum – an ATS platform that was… Read More

April 9, 2020 @ 8:28 am By Omar Faridi  |  

UK-based Railsbank, an open banking and Regtech solution provider, has secured additional funding with contributions from Visa and Global Brain, a Japanese venture capital firm. In September 2019, Railsbank had acquired $10 million in capital as part of its Series A round. The amount of… Read More

April 9, 2020 @ 8:23 am By Omar Faridi  |  

UK-based JudoPay, a mobile-first payment platform, has confirmed that it will be taking part in the #KeepBritainMoving initiative, which has been launched in response to the economic uncertainty resulting from the Coronavirus (COVID-19) outbreak. JudoPay is planning to support UK-based SMEs during these challenging times…. Read More

April 9, 2020 @ 7:13 am By Omar Faridi  |  

Paris-headquartered Jus Mundi, a Legaltech firm that aims to serve as the search engine for international law and arbitration, has secured €1 million in capital through its recent seed funding round. Jus Mundi’s management says the firm aims to become a leading resource for international… Read More

April 8, 2020 @ 12:56 pm By Omar Faridi  |  

Cuscal-backed digital bank 86 400 has secured $34 million in funding from its first outside investors. The Australian neobank’s Series A investment round was led by Morgan Stanley. The banking challenger has acquired a total of $90 million in capital. The bank’s latest round included… Read More

April 8, 2020 @ 10:58 am By JD Alois  |  

Assetz Capital, a peer to peer lending marketplace, held a vote of platform investors on providing forbearance to borrowers during the COVID-19 pandemic. Assetz Capital reports that investors have “overwhelmingly” voted to provide relief and to extend loans for an initial three months, where needed…. Read More

April 8, 2020 @ 9:38 am By Omar Faridi  |  

Dubai-based Mamo Pay, a Fintech firm established by former Google employees, has secured  $1.5 million in capital, in order to streamline peer to peer (P2P) payments in the United Arab Emirates and wider Middle East region. As reported by Mena Bytes, Mamo Pay’s seed investment… Read More

April 8, 2020 @ 9:24 am By Samantha Hurst  |  

Austria-based digital asset exchange Bitpanda announced on Wednesday its expansion plans as part of its first institutional investment, led by early-stage venture capital fund Speedinvest. The company reported that the undisclosed funding round amount will allow it to increase the number of available digital and… Read More

April 8, 2020 @ 9:07 am By JD Alois  |  

Last weekend, a campaign to aid early-stage UK firms, entitled Save Our Startups, was launched by a group of very high profile platforms, founders, investors, and advocacy groups. An Open Letter addressed to the PM was included and as of today over 4500 individuals have… Read More

April 7, 2020 @ 10:30 pm By Omar Faridi  |  

Big Four auditing firm Pricewaterhousecoopers (PwC) reports that the majority of global digital asset fundraising and mergers and acquisitions (M&A) deals last year took place outside of the United States for the very first time. As noted in PwC’s report (released on April 6, 2020),… Read More

April 7, 2020 @ 8:00 pm By JD Alois  |  

Propine Seeks to Power the Future of Digital Assets Singapore has long been a leader in Fintech. Innovative financial services have benefited from a supportive regulatory regime and an entrepreneurial population. Singapore is also a highly business-friendly, low tax jurisdiction and has emerged as a… Read More

April 7, 2020 @ 3:57 pm By JD Alois  |  

“We’ve seen a significant contraction in the market with a reduction of 30 to 40% in the demand for personal loans. It’s our view that the fall in demand is being driven by faltering consumer confidence due to job insecurity and economic uncertainty amongst other… Read More

April 7, 2020 @ 3:02 pm By Omar Faridi  |  

UK-headquartered Privitar, a data privacy company, has secured $80 million in funding through a Series C investment round led by Warburg Pincus. ABN Amro Ventures, the VC division of ABN Amro, the third-largest bank in the Netherlands, also took part in Privitar’s latest round. Accel,… Read More

April 7, 2020 @ 1:28 pm By JD Alois  |  

One of the largest Fintechs in the US, SoFi, has acquired Galileo Financial Technologies for $1.2 billion in both cash and stock, according to a company release. Galileo is a provider of a digital payments platform that is described as being “critical to checking and… Read More

April 7, 2020 @ 10:17 am By JD Alois  |  

Wirex, a UK based payments platform, is reporting profitability while claiming over 3 million active users in more than 130 different countries. Wirex did not provide details on the profitability report as to whether it was for the full year of 2019, the most recent… Read More

April 7, 2020 @ 9:00 am By JD Alois  |  

Peer to peer lending platform TWINO is the latest online lender planning to expand its portfolio of services offered to its customers. According to a release, TWINO has applied for an investment brokerage license in Latvia. It was not immediately clear which additional services the… Read More

April 7, 2020 @ 8:20 am By JD Alois  |  

The COVID-19 pandemic has challenged all UK businesses. But smaller firms and early-stage companies may end up bearing the brunt of the impact as these companies can be less well prepared to endure an ongoing economic shutdown. Today, the Enterprise Investment Scheme Association (EISA) is… Read More

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

UK-based banking group NatWest‘s online business services bank, Mettle, will be providing free access to FreeAgent’s cloud-powered accounting software The software should help freelancers, sole traders and small and medium-sized enterprises (SMEs) with handling their accounting work. Companies that sign up to connect their FreeAgent… Read More