Global

October 22, 2024 @ 10:09 pm By Michael Wong  |  

DataCrunch, a European provider of artificial intelligence (AI) computing infrastructure, has secured €12 million in a seed funding round led by venture capital firm byFounders. The investment aims to bolster the company’s infrastructure as it strives to become Europe’s first hyperscaler, enhancing service delivery for… Read More

October 22, 2024 @ 3:24 pm By Omar Faridi  |  

Robinhood Markets (Nasdaq: HOOD) has launched margin investing in the United Kindom. Robinhood Markets noted that their “competitive” rates for UK customers range from 5.2% to 6.25%. At Robinhood Markets, they claim to be empowering customers with the tools they need to navigate the financial… Read More

October 22, 2024 @ 3:19 pm By Omar Faridi  |  

Zip announced recently a $190 million Series D funding round, raising the company’s valuation to $2.2 billion. The latest investment round reported by Zip is said to have been led by BOND, with additional new investors Adams Street, Alkeon, (some others) along with Zip’s existing… Read More

October 22, 2024 @ 3:05 pm By Omar Faridi  |  

Projectworks has reportedly completed a Series A $5 million capital raise. This investment enables them to accelerate the growth of their team across New Zealand and the Silicon Valley to drive more value for Projectworks customers. Projectworks is professional services automation software that connects with… Read More

October 22, 2024 @ 11:15 am By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has recently shared a comprehensive update on crypto-asset registrations processes, which are said to be focused on building strong foundations. The FCA noted in its extensive update that quite often, they are asked about the number of companies they… Read More

October 22, 2024 @ 8:59 am By Omar Faridi  |  

Alex Jimenez from Backbase has shared key insights with Crowdfund Insider. Alex mainly focused on the advantages of leveraging the latest Fintech technologies and how innovative tech may be used to complement existing banking solutions. Alex Jimenez serves as the Lead Principal Consultant at Backbase. He… Read More

October 22, 2024 @ 8:32 am By JD Alois  |  

US-based Pipe is expanding into the UK by collaborating with GoCardless. Pipe is a Fintech that makes financial tools accessible to smaller firms, including embedded financing. GoCardless is a global payments firm with over 100,000 businesses, from start-ups to household names. Under the partnership, Pipe’s… Read More

October 22, 2024 @ 8:25 am By Omar Faridi  |  

A new research report for the G20 on tokenization aims to highlight the various opportunities, risks and future considerations for central banks. As explained in the update shared by BIS, tokenization could potentially have significant implications for the future of finance as well as the… Read More

October 22, 2024 @ 8:11 am By Omar Faridi  |  

LendInvest (AIM: LdINV) has reportedly secured a £300 million financing syndicate with BNP Paribas, Barclays, and HSBC. LendInvest, the UK’s platform for property finance, has recently confirmed the renewal of its £300 million revolving warehouse financing agreement with BNP Paribas, Barclays Bank PLC, as well… Read More

October 22, 2024 @ 8:06 am By Omar Faridi  |  

Estateguru has shared their latest loan portfolio overview for the month of September 2024. Estateguru are pleased to share the key highlights from the past month, which has been a solid period for the investment platform. Estateguru reports that they saw fairly steady / consistent… Read More

October 22, 2024 @ 1:37 am By Omar Faridi  |  

Matrixport, a crypto financial services hub, announced the completion of its all-cash acquisition of Crypto Finance (Asset Management) AG (CFAM), which is a licensed Swiss digital asset manager that had earlier been part of the Deutsche Börse Group-owned Crypto Finance Group (CFG). Now doing business… Read More

October 21, 2024 @ 11:21 pm By Omar Faridi  |  

CMU OmniClear Limited, a wholly-owned subsidiary of the Hong Kong Monetary Authority (HKMA) and SIX signed a Memorandum of Understanding (MOU) for cooperation in securities depository and settlement to foster the growth of cross-border investment. Based on the MOU, the two parties will now aim… Read More

October 21, 2024 @ 10:32 pm By Omar Faridi  |  

PropertyLoop enables landlords to find tenants, manage their properties and then remain compliant all in one place. PropertyLoop has raised £311,007 from 70 investors (at the time of writing) of its £350,000 target via Republic Europe (previously doing business as Seedrs). There are, at the… Read More

October 21, 2024 @ 9:21 pm By Omar Faridi  |  

Cash App and Lyft are partnering to give digital-first consumers more flexibility when taking a ride. This collaboration puts the accessibility of paying with Cash App Pay front and center, focusing on the preferences of the tech-savvy customers. With an integrated Cash App Pay partnership,… Read More

October 21, 2024 @ 4:14 pm By JD Alois  |  

Spanish bank Santander showed up to ring the closing bell at the New York Stock Exchange today to celebrate the launch of Openbank by Santander. Openbank is a digital-only bank powered by Santander. The company explains: Openbank, a division of Santander Bank, N.A., combines Santander’s… Read More

October 21, 2024 @ 3:23 pm By Omar Faridi  |  

CBInsights has released their State of Fintech Q3’24 Report. CBInsights noted in their latest research report that overall Fintech deal volume has reached its lowest point since the year 2017 as investors appear to shift bets to “more emerging” areas of opportunity. CBInsights added that… Read More

October 21, 2024 @ 3:18 pm By Omar Faridi  |  

Herald, the digital infrastructure provider for commercial insurance, announced a $12 million Series A round co-led by Lightspeed Venture Partners and Brewer Lane Ventures with participation from Afore Capital and Underscore Venture Capital. The proceeds from the funding round will now aim to support Insurtech… Read More

October 21, 2024 @ 3:17 pm By Omar Faridi  |  

Splitero, the financial technology company that provides homeowners better options to access their home equity, announced today that it has a $300 million investment from funds managed by Antarctica Capital. This announcement comes at a time of “record” home equity. U.S. homeowners collectively hold $11.5… Read More

October 21, 2024 @ 3:15 pm By Omar Faridi  |  

Backbase, the global enabler of Engagement Banking, is announcing its partnership with CIH BANK, one of Morocco’s financial institutions, to enhance banking for customers. CIH BANK’s partnership with Backbase is part of a movement among Moroccan financial institutions to embrace innovation and deliver digital experiences…. Read More

October 21, 2024 @ 11:16 am By JD Alois  |  

Global Fintech Wise (LSE:WISE) says it has expanded its global regulatory footprint as it provides transfers and payments around the world. Wise, based in the UK, has long been a top Fintech that streamlines the process of moving money around the world – typically faster… Read More