Global

February 2, 2025 @ 5:39 pm By Michael Wong  |  

Egypt-based fintech Halan Microfinance Bank has expanded its footprint into Pakistan following its acquisition of Advance Microfinance Bank. The deal provides Halan with an existing license and a rapid route into one of South Asia’s fastest-growing microfinance sectors, according to an announcement. The company announced… Read More

February 2, 2025 @ 5:32 pm By Omar Faridi  |  

Tether Holdings Limited released its assurance opinion for the fourth quarter of 2024, conducted by BDO, a global “independent” accounting firm. The attestation is said to reaffirm the accuracy of Tether’s Consolidated Reserves Report (CRR) and provides a breakdown of the assets “held as reserves… Read More

February 1, 2025 @ 6:03 pm By Omar Faridi  |  

Bank of Ireland’s latest economic forecasts for Ireland have been revised upwards. The bank has revised upwards projections “for GDP (4.3%), modified domestic demand (4%) and employment (2.2%) growth in 2025.” This reflects stronger than expected data for H2 2024, showing the Irish economy had… Read More

February 1, 2025 @ 12:19 pm By Omar Faridi  |  

Fintech firm Square’s annual report finds that global consumer businesses, including beauty and retail, plan to invest in new automation and loyalty programs in 2025. Square, the technology company that makes commerce and financial services accessible, released insights from its forthcoming Future of Commerce report,… Read More

February 1, 2025 @ 8:45 am By Omar Faridi  |  

A recent report by Morgan McKinley, in collaboration with Vacancysoft, reveals a significant increase in job vacancies in the UK fintech sector. The report shows a 44% rise in fintech job openings in 2024, reaching 12,519 vacancies, up from 8,672 in 2023. The surge in… Read More

February 1, 2025 @ 8:43 am By Omar Faridi  |  

PitchBook‘s research report highlights the improving investor sentiment towards retail fintech companies, with public digital banks and neobrokers outperforming the broader market in Q4. According to the report from PitchBook, this trend is driven by retail fintech companies achieving profitability alongside sustained growth, reflecting improved… Read More

February 1, 2025 @ 8:42 am By Omar Faridi  |  

A recent report from CBInsights highlights the significant growth and transformation in the artificial intelligence (AI) landscape in 2024. Key trends and findings from the research reports include: Record funding: Private AI companies raised a record $100.4B in 2024, with mega-rounds accounting for 69% of… Read More

January 31, 2025 @ 12:37 pm By JD Alois  |  

Swan, a European banking Fintech, has raised €42 million in Series B extension funding according to a blog post. Investors in the funding round include Accel, Hexa, Creandum, Lake Star and Eight Roads. Swan said the new money would help it expand its embedded banking… Read More

January 31, 2025 @ 12:27 pm By Omar Faridi  |  

Checkout.com, a global digital payments company, announces its partnership with GetYourGuide, the online travel experience platform. According to the announcement, this latest partnership underscores Checkout.com’s commitment to helping “digital-first” businesses to thrive. GetYourGuide is reportedly known for connecting travelers with local providers to book tours,… Read More

January 31, 2025 @ 11:27 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) is pursuing rules that aim to make it easier for listed companies to issue bonds and investors, including smaller ones, to invest in these assets. The FCA explains that it would like to encourage listed firms to issue bonds… Read More

January 31, 2025 @ 9:43 am By JD Alois  |  

Real estate investment platform CrowdProperty has a new CEO. According to a release, CrowdProperty has selected Steve Deutsch to replace co-founder Mike Bristow who has been CEO of the company since 2018. CrowdProperty said that Bristow is taking a needed sabbatical. Bristow’s LinkedIn profile still… Read More

January 31, 2025 @ 7:51 am By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), is pleased to announce that it is strengthening its UK middle market product offering. Cowbell announced the appointment of James Porter as Lead Underwriter for the UK’s middle market segment. In his new… Read More

January 31, 2025 @ 7:51 am By Omar Faridi  |  

Estateguru, a real estate investment platform, has released its 2024 performance report, highlighting significant growth and achievements. Estateguru CEO Mihkel Stamm shared the company’s accomplishments and outlined plans for 2025. He stated: “In 2024, we remained focused on enhancing portfolio quality, resolving legacy portfolio challenges,… Read More

January 31, 2025 @ 7:48 am By Omar Faridi  |  

Formance, an Open Source financial infrastructure provider, announced the close of a $21 million Series A funding round co-led by PayPal Ventures and Portage, with participation from Y Combinator, Hoxton Ventures, and AXC. This latest milestone reportedly comes on the heels of a “10x increase”… Read More

January 31, 2025 @ 7:47 am By Omar Faridi  |  

Tether, which claims to be one of the largest companies in the digital assets industry, announced the integration of USDt into Bitcoin’s ecosystem, including its base layer and the Lightning Network. Supported by a Taproot-powered protocol, Taproot Assets, and developed by Lightning Labs, this integration… Read More

January 30, 2025 @ 9:08 pm By Omar Faridi  |  

K2 Group Holdings Limited, a division of K2 Insurance Services and a leading specialty insurance and (re)insurance underwriting platform based in London, announces the launch of K2 Credit. This division founded by Benedict Gedye and Josh Madeiros will write comprehensive Non-Payment Insurance “across Single Risk… Read More

January 30, 2025 @ 5:32 pm By JD Alois  |  

UK-based Fintech Wise (LON: WISE) has been penalized by the Consumer Financial Protection Bureau (CFPB). Wise has been ordered to pay $2.5 million for claims of failing to provide disclosures to consumers. The $2.5 million is split between $450,000 in redress for impacted individuals and… Read More

January 30, 2025 @ 1:58 pm By JD Alois  |  

Several years back, the European Union approved the European Crowdfunding Service Providers Regulation (ECSPR), which enabled issuers to raise funds across all EU member states. Under the rules, an issuer could raise up to €5 million for an offering listed on a regulated securities crowdfunding… Read More

January 30, 2025 @ 12:38 pm By JD Alois  |  

Global payments and transfers Fintech Wise says it has entered Mexico to provide services. Wise said it would enable Mexicans to send money internationally while bolstering the financial corridor to the US. As well, Wise will support 40 different currencies and 160 different countries via… Read More

January 30, 2025 @ 12:24 pm By Omar Faridi  |  

Bitwise announced the company has completed the rebranding of all ETPs in its European product suite following last year’s acquisition of ETC Group. The move comes as Bitwise looks to expand its position as a key market participant in crypto markets in 2025, a year in… Read More