Global

April 8, 2025 @ 1:01 am By Omar Faridi  |  

French fintech startup Pennylane has secured €75 million ($83 million) in a funding round that doubles its valuation to €2 billion, signaling strong investor confidence in its cloud-based accounting platform. The investment round was reportedly led by Sequoia Capital, along with participation from Alphabet’s CapitalG,… Read More

April 7, 2025 @ 11:00 pm By Omar Faridi  |  

Digital bank Revolut has reportedly achieved significant milestones that underscore its steady growth and strategic vision. Revolut has surpassed one million retail customers in Switzerland, cementing its position as a digital banking solution in the European country. Revolut is also setting its sights on a… Read More

April 7, 2025 @ 4:33 pm By Omar Faridi  |  

As the highly-anticipated US presidential election draws nearer, 49% of American retail investors are planning to or have already “adjusted” their investment portfolios based on what they think will happen. This, according to an extensive update shared by investing and trading platform eToro. According to… Read More

April 7, 2025 @ 3:15 pm By Omar Faridi  |  

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and drives growth for merchants, announced that it has signed a partnership with Revolve Group, Inc. (NYSE: RVLV), the fashion retailer for Millennial and Generation Z consumers. Shoppers in the U.S. will soon be able to… Read More

April 7, 2025 @ 12:00 pm By JD Alois  |  

Innovate Finance, an association that advocates on behalf of the Fintech industry in the UK, has issued a statement calling on the UK government to create a National Anti-Fraud Centre to battle the financial fraud crisis. The cost of payments fraud is said to be… Read More

April 7, 2025 @ 11:08 am By Omar Faridi  |  

The financial services sector is witnessing a key shift as artificial intelligence (AI) adoption accelerates, prompting innovative responses from industry professionals. Canapi Ventures, a fintech investment firm, has launched its inaugural Generative AI Council to bridge the gap between AI founders and the complex financial… Read More

April 7, 2025 @ 10:18 am By Omar Faridi  |  

Elliptic, the global enabler of digital assets decisioning, is pleased to announce the integration with the layer 1 blockchain MANTRA into its suite of screening and investigation compliance solutions. The integration connects blockchains into a unified financial network that is monitored in real time, enabling… Read More

April 7, 2025 @ 8:00 am By JD Alois  |  

Digital asset platform Fasset has partnered with Dinari to tokenize $1 billion of US equities, which are available to investors, according to a company statement. Fasset is a Dubai-based blockchain firm. Dinari, through its blockchain-based tokenization technology, aims to enable investing in anything from anywhere…. Read More

April 7, 2025 @ 7:14 am By Omar Faridi  |  

Digital assets firm OKX has noted that regulatory compliance is a top priority for them. As the crypto industry evolves, OKX claims that they “remain committed to meeting and exceeding regulatory standards.” They work closely and on an “ongoing basis with regulators to ensure their… Read More

April 7, 2025 @ 7:12 am By Omar Faridi  |  

UK Fintech Wise (LON: WISE), which has become known for its focus on low-cost international money transfers, is exploring a step toward joining the FTSE 100, the UK’s stock index. The company announced it has been “extensively consulting with shareholders on the optimal listing arrangements,”… Read More

April 7, 2025 @ 7:11 am By Omar Faridi  |  

XXImo, the European mobility payments platform, has migrated its infrastructure to Amazon Web Services (AWS) with the support of cloud services provider CloudNation. With this step, XXImo sets a standard as one of the “first” companies worldwide to move 100% of their card processing “to… Read More

April 7, 2025 @ 7:10 am By Omar Faridi  |  

Circle has submitted its response to the Financial Stability Board’s (FSB) thematic peer review on the implementation of its global regulatory framework for crypto-asset activities. In this response, Circle outlines the importance of “having domestic regulations that allow consumers to benefit from global stablecoins while… Read More

April 6, 2025 @ 11:41 pm By Omar Faridi  |  

Estateguru noted that Estonian buy-to-let investors have become increasingly active in recent months. Estateguru also mentioned that instead of targeting the local market, many are focusing on the Latvian capital, Riga. According to Daniil Aal, Chief Operating Officer at the digital financing platform Estateguru, this… Read More

April 6, 2025 @ 11:11 pm By Omar Faridi  |  

Galaxy Digital Holdings Ltd. (TSX: GLXY) announced that the UK’s Financial Conduct Authority (FCA) has approved the application of its UK subsidiary, Galaxy Digital UK Ltd, a license to execute derivatives trading through its London office. This approval marks an expansion of Galaxy’s global trading… Read More

April 6, 2025 @ 11:02 pm By Omar Faridi  |  

TrueLayer, Europe’s Pay by Bank network, has announced a partnership with Papa Johns, one of the world’s pizza brands to introduce Pay by Bank, a payment method that enables customers to pay directly from their bank accounts. With TrueLayer’s open banking technology, Papa Johns customers… Read More

April 6, 2025 @ 8:24 pm By Michael Wong  |  

The United Arab Emirates has issued a new decision revising the tax treatment of investment funds and limited partnerships as part of its ongoing efforts to enhance the country’s investment climate and align with global best practices, the Ministry of Finance said. Cabinet Decision No…. Read More

April 6, 2025 @ 6:06 pm By Omar Faridi  |  

Visa (NYSE: V), a global enabler of digital payments, has expanded its value-added services portfolio with the addition of products that make accepting payments easier and secure in a complex commercial landscape: reimagined Authorize.net, Unified Checkout and the ARIC Risk Hub. According to the update… Read More

April 6, 2025 @ 5:57 pm By Omar Faridi  |  

Coller Capital, the world’s private market secondaries manager, has acquired a $1.6bn senior direct lending portfolio from American National, a multiline US insurer. The investment reportedly marks the largest ever “LP-led credit secondaries transaction that is focused on a senior direct lending portfolio.” The transaction… Read More

April 6, 2025 @ 5:47 pm By Omar Faridi  |  

Swedish buy-now-pay-later (BNPL) giant Klarna has hit a roadblock in its highly anticipated journey to go public. Last month, the fintech powerhouse formally applied with the Securities and Exchange Commission (SEC) to list its ordinary shares on the New York Stock Exchange (NYSE). The company,… Read More

April 6, 2025 @ 5:37 pm By Omar Faridi  |  

Bitfarms Ltd. (Nasdaq: BITF), a global energy and compute infrastructure company, announced that the company has entered into an initial agreement for a private debt facility for up to “$300 million from Macquarie Equipment Capital, Inc., a division of Macquarie Group’s Commodities and Global Markets’… Read More