Global

August 24, 2024 @ 11:05 am By Omar Faridi  |  

Consumers across the UK who are using digital financial management tools report being on average “£37.08 better off per month, or £445 better off per year, compared to pre-adoption.” Today, as many as 7.6 million3 Brits are already “using digital financial management tools, meaning this… Read More

August 24, 2024 @ 9:49 am By Omar Faridi  |  

NatWest and Beauhurst’s New Startup Index reports 468,000 new companies started up in the first half of 2024 – a 6% increase compared to the same period last year. In a sign of the strong potential of the UK economy, 468,000 new firms “have started… Read More

August 24, 2024 @ 8:44 am By Omar Faridi  |  

Sygnum, a global digital asset banking group with ~$4.5 billion in client assets, has issued the industry-first syndicated loan backed by Bitcoin (BTC) to premier crypto lender Ledn, which will be used to fund the growth of Ledn’s retail lending operations. Syndicated among Sygnum’s institutional… Read More

August 24, 2024 @ 8:42 am By Michael Wong  |  

Ecofinance, a European financial technology company, has officially forayed into Southeast Asia by launching its operations in the Philippines. The firm introduced a new consumer brand, Honey Loan, as part of efforts to tap into the region’s burgeoning fintech landscape space, according to the announcement…. Read More

August 24, 2024 @ 7:44 am By Omar Faridi  |  

FinTech Wales and Future Finance have joined forces to drive financial innovation. FinTech Wales, the independent membership association and champion of the FinTech and Financial Services industry in Wales, has announced a new community partnership with Future Finance. Future Finance is a collaborative research project,… Read More

August 24, 2024 @ 7:34 am By Omar Faridi  |  

Thera, a payroll and payments platform, has announced that it has raised a $4 million Seed round with participation from Y Combinator, 10x Founders, Amino Capital, Zillionize, and Bayhouse Capital. Angels in the investment round reportedly “include Oliver Jung, Chris Bakke, Andrew Yeung, Akash Magoon,… Read More

August 24, 2024 @ 7:33 am By Omar Faridi  |  

CBA and BNY announced that they are delivering near real-time cross-border payments. Through a new cross-border payments collaboration between Commonwealth Bank of Australia (CBA) and The Bank of New York Mellon (BNY), Australian businesses and individuals who “receive international payments from BNY’s customers may now… Read More

August 23, 2024 @ 11:45 am By Omar Faridi  |  

Siepe LLC, a provider of software and technology-enabled services for private credit and CLO managers, has raised $30 million in a Series B funding round led by WestCap, a strategic operating and investing firm with $6 billion in assets under management (AUM). The investment will… Read More

August 23, 2024 @ 11:10 am By JD Alois  |  

“Real-time” fashion shopping platform Tilt has raised $18 million in a Series A funding round led by Balderton Capital. The company was founded by former Revolut executives, a successful banking Fintech. Other investors in the funding round include TQ Ventures, Earlybird and Seedcamp. Tilt claims… Read More

August 23, 2024 @ 10:56 am By Omar Faridi  |  

Anchorage Digital, the crypto platform for institutions, is pleased to announce its first stablecoin rewards program, enabling institutions to earn competitive rewards on PayPal USD (PYUSD) balances held at Anchorage Digital or in our recently launched institutional self-custody wallet, Porto. PYUSD remains fully accessible and… Read More

August 23, 2024 @ 10:55 am By Omar Faridi  |  

Franklin Templeton, a global investment firm with $1.6T in assets under management, has expanded its L1 blockchain footprint by extending the availability of its first-of-its-kind on-chain money market fund to the Avalanche network. The Franklin OnChain U.S. Government Money Fund (FOBXX or the Fund) was… Read More

August 23, 2024 @ 8:30 am By Omar Faridi  |  

Arch Lending, the crypto-backed loan provider, announced $75M in funds raised, including an oversubscribed $5M equity seed round and a $70M loan financing facility. The equity round was co-led by Morgan Creek Digital and Castle Island Ventures with participation from Galaxy Ventures, BitGo Ventures, and… Read More

August 23, 2024 @ 8:29 am By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant, has acquired Laybuy’s assets in New Zealand, the birthplace of the payments provider, and plans to relaunch the service in the coming weeks. Laybuy, which ceased operations in June, is “set to make a reenergized return… Read More

August 23, 2024 @ 8:28 am By Omar Faridi  |  

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today announced a partnership with Hotels.com. Now, approved guests can book accommodations and pay over time “with Affirm, helping more people book the trip of their dreams.” This builds on Affirm… Read More

August 23, 2024 @ 8:26 am By Omar Faridi  |  

Convera, a global firm focused on commercial payments, introduced its embedded payments solution for the education industry through its new partnership with Ascent One, which is said to be the worldwide  ecosystem purposely built for the education sector. This solution aims to simplify cross-border payments… Read More

August 22, 2024 @ 9:15 pm By Omar Faridi  |  

Copper.co, a firm focused on digital asset custody, collateral management and prime services, has added custody and staking support for MINA, the native currency of Mina Protocol, a next-gen zero knowledge (ZK) blockchain. This integration expands options “for institutional clientele to participate in the Mina… Read More

August 22, 2024 @ 9:12 pm By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, marked its 10th anniversary serving Australian businesses, marking the rapid growth in the country’s internet economy. At its annual conference, Stripe Tour Sydney, Stripe reinforced its commitment “to Australia by launching new solutions to support businesses’ growth, including… Read More

August 22, 2024 @ 9:11 pm By Omar Faridi  |  

Experian released its 2024 U.S. Identity and Fraud Report revealing that generative AI (Gen AI), deepfakes and cybercrime are critical threats putting intensifying pressures on businesses. The 9th annual Experian Identity and Fraud Report provides valuable insights “into emerging fraud trends such as these, as… Read More

August 22, 2024 @ 9:10 pm By Omar Faridi  |  

PwC leverages Workday to help customers unlock Pillar Two data processing capabilities. Pillar Two framework mandates “a 15% global minimum tax on the earnings of multinational enterprises with consolidated revenues exceeding €750 million.” PwC announced a new data processing solution “that will help joint Workday… Read More

August 22, 2024 @ 9:09 pm By Omar Faridi  |  

Elite, a provider of financial management and business operations solutions to the world’s most successful law firms, and Brightflag, the AI-powered e-billing and matter management platform for in-house legal teams, have launched a new integration which seamlessly connects two of the legal industry’s legal invoicing… Read More