Global

March 11, 2020 @ 3:48 pm By JD Alois  |  

Earlier today, the Chancellor of the Exchequer Rishi Sunak delivered a speech outlining the UK Budget for 2020. A portion of the speech outlined the Government’s policy moves to mitigate the impact of the Coronavirus – an unexpected exogenous shock to the economy that could… Read More

March 11, 2020 @ 2:57 pm By Omar Faridi  |  

London-based Brismo, a provider of lending performance data, is being acquired by LoanClear. The business will be based in Amsterdam, after the acquisition is finalized by Q3 2020. The combined company will aim to combine Brismo’s standardization and validation of performance, benchmarking, indices, analytics with… Read More

March 11, 2020 @ 2:52 pm By JD Alois  |  

Chancellor of the Exchequer Rishi Sunak delivered the annual budget today in a speech at the House of Commons. Sunak only recently stepped into the key government role this past February, inheriting an exceptionally challenging task in a world where the Coronavirus, or Covid-19, has… Read More

March 11, 2020 @ 11:58 am By JD Alois  |  

Earlier this year, to Estonia-based peer to peer lending platforms, Envestio and Kuetzal, collapsed leaving investors holding empty promises and possibly a complete loss. At the end of January, the Estonian Police and Border Guard posted a notice asking what may end up being a… Read More

March 11, 2020 @ 10:55 am By Omar Faridi  |  

A leading financial trading technology firm has shifted its business operations from its New York head offices to London. Established in 2011 by three Russian businessmen, TradingView has become the largest online community of private investors in the world, with reportedly more than 10 million… Read More

March 11, 2020 @ 10:11 am By Samantha Hurst  |  

Nexo Standards, a Brussels-based nonprofit organization for global payments, announced on Tuesday it has named Saudi Payments its latest Principal Member and the first in the association’s history from the Kingdom of Saudi Arabia.  According to Nexo Standards, Saudi Payments is a wholly-owned subsidiary of… Read More

March 11, 2020 @ 9:07 am By Omar Faridi  |  

Neotas, a company that develops due diligence solutions for financial service providers, has reportedly been chosen from 350 other firms to take part in ING’s Fintech accelerator, which will be held in Brussels. The multinational banking institution operates ING Labs Brussels (previously called Fintech Village),… Read More

March 11, 2020 @ 9:00 am By JD Alois  |  

The digital asset industry is growing fast according to a new report. A study compiled by Outlier Ventures and DIA indicates that new entrants have raised funding of over USD $110 million based on a “snapshot” of 42 different digital asset data vendors. The document… Read More

March 10, 2020 @ 9:47 pm By Omar Faridi  |  

New York-headquartered LiquidX, a globally accessible network for illiquid assets, recently revealed that it has added Emirates NBD to its network. Emirates NBD is a Dubai government-owned banking institution and one of the largest financial institutions in the Middle East in terms of total assets… Read More

March 10, 2020 @ 4:18 pm By JD Alois  |  

Earlier today, the European Commission posted its “SME Strategy for a sustainable and digital Europe.” The strategy is in recognition that “SMEs play a key role in Europe’s industrial fabric, providing two out of three jobs, and are central to the success of this new… Read More

March 10, 2020 @ 3:52 pm By Samantha Hurst  |  

Marqeta, a fintech unicorn that claims to be the first global modern card issuing platform, announced on Tuesday it has begun transacting in Australia. The company reported it will also be supporting two of its major global customers, Klarna and Doordash with their own expansions… Read More

March 10, 2020 @ 11:51 am By JD Alois  |  

This week the UK Minister of State for Trade Policy Greg Hands MP is in the United States to kick-start free trade agreement negotiations. Long discussed as a possible outcome of the UK’s divorce with Europe, a bilateral trade agreement between the US and the… Read More

March 10, 2020 @ 9:30 am By JD Alois  |  

Fintech Zopa is celebrating 15 years of operation. Founded in 2005, Zopa was the one platform to launch an entire sector of Fintech as it became the first peer to peer lending platform in the UK. Today, Zopa still offers online lending in a more… Read More

March 10, 2020 @ 9:08 am By JD Alois  |  

Kreditech has rebranded to Monedo. The company is a point of sale (PoS) lender. The online lender claims to have over one million customers that have received more than 2 million loans. In a release, Monedo said it was looking to “further grow its position… Read More

March 10, 2020 @ 7:56 am By JD Alois  |  

Instanda, a customer and policy management platform for the insurance industry, has raised $19.5 million in a Series A fundraising round. According to the company, the funding round was led by Assembly Capital Partners the investment will support the firm’s international expansion in the United… Read More

March 10, 2020 @ 7:44 am By JD Alois  |  

The former CBRE Senior Director and Head of Loan Advisory, Anurag Sharma, has joined LendInvest as Fund Manager. LendInvest is a profitable UK Fintech that has created a marketplace for property finance. According to LendInvest,  Anurag has worked with the company in an advisory capacity… Read More

March 10, 2020 @ 7:38 am By JD Alois  |  

Digital Bank Revolut has added “Perks” to all UK customers according to a company release. Perks is a loyalty feature offered by the bank providing cashback and discounts on various branks. These include travel related offers, food and beverage, fitness and more. Revolut customers “unlock”… Read More

March 10, 2020 @ 7:29 am By Omar Faridi  |  

London-headquartered Argent, a digital asset wallet provider that integrates the services of several decentralized finance (DeFi) platforms, including Maker and Compound, has secured $12 million through a Series A investment round. Argent’s funding round was led by San Francisco-based Paradigm, a leading crypto asset investment… Read More

March 10, 2020 @ 7:21 am By Omar Faridi  |  

Standard Chartered, a British multinational banking and financial services company with over $700 billion in total assets, has revealed the new brand name, brand identity, and official website for Mox, the institution’s newly developed digital bank. Digital bank Mox’s brand name aims to reflect a… Read More

March 10, 2020 @ 1:04 am By JD Alois  |  

MoneyNetint, an international payment solutions provider, has partnered with AFEX, a large foreign exchange specialists. According to a release distributed by Moneyint, the partnership will “enhance MoneyNetint’s capabilities and allow it to offer a wider range of services to its corporate clients.” MoneyNetint reports that… Read More