Global

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

October 21, 2024 @ 9:39 am By Tony Zerucha  |  

People have long sought to declutter their homes. A more recent trend is doing the same with their online lives. Yorba helps them do that while offering benefits like money savings, improved online security, and a cleaner email inbox. Yorba has expanded into Canada. The company has linked… Read More

October 21, 2024 @ 9:24 am By JD Alois  |  

Magnetiq Bank has joined Fintech Hub LT – an association with a mission to support licensed Fintechs in Latvia and EEA countries. Fintech Hub LT also represents Latvia as a Fintech centre of innovation. AS Magnetiq Bank, based in Latvia, aims to support Fintechs, e-commerce,… Read More

October 21, 2024 @ 9:14 am By Tony Zerucha  |  

Unity Wallet (formerly Savl) COO James Toledano believes DeFi has the potential to break Visa’s and Mastercard’s dominance of European payment rails, while also allowing Europe to at least partially free itself from depending on American payment rails. Savi is a self-custodial crypto and Web3 wallet… Read More

October 21, 2024 @ 9:07 am By Omar Faridi  |  

The UK is set for a considerable market shift with the Accelerated Settlement Taskforce, Technical Group report aiming to transition to a T+1 settlement cycle by the end of the year 2027. Jonny Fry, ClearBank Head Digital Assets Strategy, noted that this anticipated move will… Read More

October 21, 2024 @ 8:58 am By Omar Faridi  |  

Tokenization projects are making considerable strides in financial markets, and beyond, by making financial and real world assets a lot more accessible, according to an update from Fireblocks. As the market evolves, institutions require a secure as well as scalable solution that they are able… Read More

October 21, 2024 @ 8:56 am By Omar Faridi  |  

HSBC UK announced it is making its UK mortgages accessible for international homebuyers by introducing tech that makes it easier for customers to leverage their credit history for their UK mortgage application. With newcomers to the UK and global customers facing various challenges and delays… Read More