Global

January 23, 2020 @ 8:33 pm By Omar Faridi  |  

Payments giant Visa is reportedly set to take its “access to cash” program industry-wide by teaming up with several financial institutions, in order to provide high street retailers in remote areas a fee for handling over the counter (OTC) cashback transactions. The launch of the… Read More

January 23, 2020 @ 3:14 pm By Samantha Hurst  |  

WorldRemit, a UK based Fintech in the digital money transfer sector, announced on Wednesday it has formed a new global remittance partnership with Alipay. According to WorldRemit, the collaboration will enable consumers to use the WorldRemit app or website for cross-border remittances to the Alipay… Read More

January 23, 2020 @ 10:29 am By Omar Faridi  |  

Ethereum Classic Labs (ETC Labs) is teaming up with the United Nations’ Children Fund (UNICEF) Innovation Fund by providing $1 million to support various ongoing projects. According to a press release, ETC Labs said it will be allocating $750,000 to global startup graduates of UNICEF’s… Read More

January 23, 2020 @ 9:11 am By JD Alois  |  

The European Crowdfunding Network (ECN) has reported two Estonian debt-based crowdfunding platforms to the relevant regulatory authorities in light of numerous complaints received by platform users. According to ECN,  Kuetzal and Envestio, both lending platforms, may be in trouble: “ECN has received a large number… Read More

January 23, 2020 @ 8:29 am By JD Alois  |  

Digital asset primary issuance platform Tokeny has announced a new partnership with PwC. Tokeny is a Luxembourg based Fintech that enables companies, banks, funds, real estate assets and more to tokenize these securities using blockchain technology. Tokeny enables institutional grade, issuance, transfer and servicing management… Read More

January 23, 2020 @ 8:16 am By Samantha Hurst  |  

Digital-only bank platform N26 announced on Wednesday it now has more than five million customers who are banking on its platform around the globe. The company stated: “As we enter a new decade, we’re delighted to share some more fantastic news. N26 has reached another… Read More

January 23, 2020 @ 8:02 am By JD Alois  |  

Digital challenger bank Revolut has announced a new savings accounts for users in the UK market. The bank says the savings accounts will be available to Revolut Metal customers and earn a 1.35% interest rate on deposits – one of the higher rates of returns… Read More

January 22, 2020 @ 10:18 pm By JD Alois  |  

Taiwanese Congressman and crypto advocate Jason Hsu delivered a speech on AML requirements at the EmTech Investment Meeting 2020 held at Davos this week.  Hsu is also the co-founder and APAC Spokesperson for the Global Blockchain Policy Council of Legislators. Hsu has been vocal on… Read More

January 22, 2020 @ 9:14 pm By Omar Faridi  |  

BRD, a digital currency wallet developer that has received investments from US-based Fintech Ripple and Japanese financial services company SBI Holdings, has branched out into the enterprise blockchain industry. BRD’s latest initiative, called “Blockset,” aims to provide services to traditional banks, financial services providers and… Read More

January 22, 2020 @ 9:11 pm By JD Alois  |  

GreyP Bikes (an e-bike company), one of the first “equity token offerings” or ETO to complete a primary issuance on the Neufund platform distributed the digital securities to investors last week. The security offering began last October with a pre-sale followed by a public sale… Read More

January 22, 2020 @ 5:43 pm By Omar Faridi  |  

Bhavik Vasa, an experienced Fintech entrepreneur and former CBO of the first online wallet ItzCash in India, has introduced a new financial technology project, called GetVantage, which is a revenue-based financing (RBF) platform for the e-commerce industry. GetVantage has acquired capital from several early-stage investment… Read More

January 22, 2020 @ 11:42 am By Omar Faridi  |  

Niyah, a banking challenger app, has officially launched its services in the United Kingdom for the country’s Islamic community. The company claims it’s “the first Fintech Islamic banking app and ethical financial marketplace platform” to offer services in the UK. The Niyah app is Shariah-compliant,… Read More

January 22, 2020 @ 10:30 am By Andrés Abumohor  |  

On October 19, 2019, Chile’s capital city of Santiago was in flames. What started as a student movement to evade subway fares has since launched into a widespread movement against socioeconomic inequality that has swept, and in some cases paralyzed, the country for well over… Read More

January 22, 2020 @ 10:05 am By JD Alois  |  

Sowefund, a France based investment crowdfunding platform, has purchased the assets of defunct platform SmartAngels, according to Sowefund’s website. SmartAngels ceased its crowdfunding activity at the end of 2018. The SmartAngels URL now redirects to Sowefunds with a “welcome” post for visitors: “The SmartAngels investment… Read More

January 22, 2020 @ 9:28 am By JD Alois  |  

The Financial Conduct Authority (FCA) is introducing new rules regarding overdraft fees that impact consumers. The new rules expect to benefit 70% of the population as banks will now be required to charge a simple annual interest rate, without any additional fees or charges beginning… Read More

January 22, 2020 @ 8:22 am By JD Alois  |  

The Hong Kong Monetary Authority (HKMA) has posted a deck on its investigation into Central Bank Digital Currency (CBDCs). Project LionRock is the CBDC blockchain from Hong Kong and Inthanon is from Thailand as the two partnered in the project. The HKMA said it developed… Read More

January 22, 2020 @ 7:52 am By Omar Faridi  |  

SteadyPay, a Financial Conduct Authority (FCA) licensed gig-economy app, has secured £2.9 million (appr. $3.8 million) through a seed equity and debt funding round. The firm’s equity investment was led by venture capital company Hambro Perks and Fair By Design, the social impact fund launched… Read More

January 22, 2020 @ 7:48 am By JD Alois  |  

UK based Demica, a working capital Fintech, has closed on a $30 million Series C financing round led by Simcah Management LLC, according to a company release. Demica is a platform that targets multinational clients all over the world, across industries providing working capital facilities… Read More

January 22, 2020 @ 7:34 am By Omar Faridi  |  

Bengaluru-headquartered Razorpay, a digital bank startup, has introduced its Instant Refunds product, which aims to enhance its clients’ online payments experience. The newly-launched feature activates refunds and credits the user’s source account across several different payment methods including credit cards, net banking and UPI within… Read More

January 22, 2020 @ 7:29 am By Omar Faridi  |  

France-based digital bank Qonto has secured $115 million through a Series C investment round led by Tencent and DST Global, in order to help it further penetrate key markets, implement new features to tailor its products and services to specific market segments, and hire new… Read More