Global

November 12, 2019 @ 11:00 pm By JD Alois  |  

Acatus, a Berlin-based Fintech, has raised €5.5 Million in a Series A funding round, according to the company. The funding was led by DIP Capital and the VC fund coparion. The existing investors and angels also participated in the round. Acatus claims to be the… Read More

November 12, 2019 @ 10:40 pm By Omar Faridi  |  

Wirecard, the developer of digital financial technology, is teaming up with HERE Mobility, in order to create integrated B2B2C payment and mobility services. HERE Mobility is HERE Technologies’ mobility unit. HERE Technologies provides location platform services, which are owned by leading automotive firms such as… Read More

November 12, 2019 @ 7:41 pm By Cali Haan  |  

A Dutch court has determined that Facebook has the means at its disposal to restrict Bitcoin and cryptocurrency ads featuring celebrities who did not consent to the use of their name or image, Dutch News reports. Judges in Amsterdam have also threatened to fine Facebook… Read More

November 12, 2019 @ 7:16 pm By JD Alois  |  

The recently-rebranded NIUM, formerly InstaReM, has received the Fund Transfers license from the Bank Indonesia and will now offer cross border digital payments. NIUM’s Indonesian operations will be headed by Vadyo Munaan, who comes with experience in financial services and payments industry at organizations including… Read More

November 12, 2019 @ 7:05 pm By JD Alois  |  

BnkToTheFuture alongside Coinstreet Partners has invested in US Broker-Dealer BMI Capital, according to a company release. Terms of the investment were not disclosed. BnkToTheFuture said it plans to bring security tokens to institutional investors in both the US and Asia facilitated by the BMI Capital…. Read More

November 12, 2019 @ 2:32 pm By JD Alois  |  

The Monetary Authority of Singapore (MAS), the leading financial regulator and central bank of Singapore, has announced renewed cooperation on Fintech with Canadian Securities Regulators while simultaneously announcing a tighter relationship with the Banque de France. The announcements were released during Singapore’s annual Fintech Week… Read More

November 12, 2019 @ 1:41 pm By Omar Faridi  |  

JP Morgan, the world’s sixth-largest bank, has reportedly acquired an undisclosed stake in Limeglass, the developer of a set of tools that eliminate information overload in order to help people focus on the “relevant paragraphs” of their financial market research. As one of JP Morgan’s… Read More

November 12, 2019 @ 9:00 am By JD Alois  |  

Everybody knows that a good amount of cryptocurrency trading is utterly fake. Wash trades are prevalent as some exchanges seek to game the system and boost their relative relevance in the digital asset exchange world. Manipulation of various cryptocurrencies probably exists as well. CoinMarketCap, a… Read More

November 12, 2019 @ 8:34 am By JD Alois  |  

Digital bank Revolut has selected a new Chairman of the Board. Martin Gilbert, an individual who has been advising Revolut co-founder and CEO Nik Storonsky, will join the bank on January 1st as non-Executive Chair. Gilbert is the former co-Chief Executive of Standard Life Aberdeen,… Read More

November 12, 2019 @ 7:51 am By JD Alois  |  

Zego, a UK based firm, has become the first UK Insurtech to receive an insurance license, according to a release from the company. Zego will now be able to build and sell its own insurance products. Zego, which raised $42 million this past June, has… Read More

November 12, 2019 @ 7:28 am By JD Alois  |  

ID Finance, based in Barcelona, has closed its crowdfunding round raising £4.95 million. The equity offering was listed on Crowdcube Spain and topped the previous record for equity crowdfunding in the country. ID Finance is an online lender, data and credit scoring company operating in… Read More

November 12, 2019 @ 3:22 am By Omar Faridi  |  

Norris Koppel, founder and CEO at Monese, a mobile banking service for people who travel frequently, received the “Rising Star” award at Ernst & Young’s (EY) Entrepreneur of the Year Ceremony. Koppel has been recognized for his pioneering work in banking. Introduced 20 years ago,… Read More

November 12, 2019 @ 1:20 am By Omar Faridi  |  

Immersive Labs, a UK-founded cybersecurity skills platform, raised $40 million through a Series B investment round led by Summit Partners, a growth equity investor. New York-based investment bank Goldman Sachs also took part in Immersive’s latest funding round. Established in 2017, the company noted that… Read More

November 11, 2019 @ 11:14 pm By Cali Haan  |  

Bittrex, a cryptocurrency exchange based in Seattle, has sent a letter to customers who had funds frozen in 2017 because they were trading from sanctioned regions stating that affected parties may now withdraw their funds to another exchange. “It’s been a few years that @BittrexExchange disabled… Read More

November 11, 2019 @ 8:26 pm By Cali Haan  |  

Martin Walker, director of banking and finance at the Center for Evidence-Based Management, says Ripple officials’ repeated claims that SWIFT has a a 6% error rate are false. “In May 2019, Brad Garlinghouse, CEO of a San Francisco based (but Delaware registered) fintech firm called… Read More

November 11, 2019 @ 4:21 pm By JD Alois  |  

Alipay, part of Ant Financial / Alibaba, just had a gangbusters day as all of the transactions for Singles Day were processed through the payment platform. More than five years ago, Alipay topped PayPal to become the world leader in mobile payments – something that… Read More

November 11, 2019 @ 3:20 pm By Omar Faridi  |  

Singapore-based Fintech firm M-DAQ Pte, a company that develops over-the-top (OTT) applications to enable international business transactions for various industries, has reportedly won the backing of Samsung Group’s VC fund in order to expand its operations into South Korea and other regions. Following Samsung’s investment… Read More

November 11, 2019 @ 3:10 pm By JD Alois  |  

Alibaba’s annual Singles Day has turned into a huge event in China. Headlines today indicate that singles day has delivered a record-setting amount of transactions as sales top a whopping $38 billion. According to Alibaba, $1 billion was settled via Alibaba’s Fintech platform Alipay within… Read More

November 11, 2019 @ 12:44 pm By JD Alois  |  

The Monetary Authority of Singapore (MAS) is partnering with JP Morgan Chase (NYSE:JPM) and Temasek on a blockchain-based payments platform that is capable of handling different currencies. JP Morgan has previously announced the development of an in-house crypto labeled JPM Coin. The eventual goal is… Read More

November 11, 2019 @ 12:13 pm By JD Alois  |  

In case you missed it, the Sunday Times has removed a questionable article published about Seedrs this past August. In August, the Times covered the fact that Seedrs was in “advanced stages in a fundraising discussion”  as did Crowdfund Insider on the same day. The… Read More