Global

August 10, 2024 @ 3:18 pm By Michael Wong  |  

Bitcoin scaling solutions provider Nexio has raised $2.2 million in pre-seed funding from a diverse group of industry investors, according to an announcement. The pre-seed funding round was led by Lattice and included investments from HTX Ventures, Artichoke Capital, Morningstar Ventures, Sharding Capital, SNZ Holding,… Read More

August 10, 2024 @ 3:08 pm By Omar Faridi  |  

Remitly (NASDAQ: RELY) is pleased to announce the opening of their first Greater Vancouver area office in New Westminster, nestled along the picturesque Fraser River. According to Remit, this new location marks “a significant milestone in our growth journey as we expand our corporate footprint… Read More

August 10, 2024 @ 2:34 pm By Michael Wong  |  

Sendsprint, a rapidly growing remittance startup founded in 2022 by former Flutterwave executive Damisi Busari, has completed the acquisition of Nobel Financial Inc. for an undisclosed sum. The acquisition marks a significant milestone in Sendsprint’s expansion, enabling the company to extend its services to users… Read More

August 10, 2024 @ 2:32 pm By Omar Faridi  |  

In Q2 2024, crypto fundraising increased slightly as startups secured $2.7 billion across 503 deals. This represents a 2.5% increase in invested capital “but a 12.5% decline in deal volume compared with the previous quarter,” according to an extensive report from PitchBook. PitchBook noted in… Read More

August 10, 2024 @ 2:31 pm By Omar Faridi  |  

The past few years have seen an unprecedented change within the payments market, according to a report from Juniper Research. Juniper Research explains that “the rise of eCommerce has led to a widespread transition to digital payments across markets, with cash use decreasing rapidly.” In… Read More

August 10, 2024 @ 2:30 pm By Omar Faridi  |  

dLocal, the cross-border payment platform specializing in high-growth markets, today announced its strategic partnership with iTransfer, a cross-border payments company with a significant presence in EMEA, Latin America, and APAC. One of the main challenges users face in emerging markets “is currency volatility, which can… Read More

August 10, 2024 @ 12:54 pm By Michael Wong  |  

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, has announced the lifting of its moratorium on the issuance of new digital banking licenses, effective January 1, 2025. The decision, approved by the Monetary Board, will allow up to ten digital banks… Read More

August 10, 2024 @ 11:02 am By Omar Faridi  |  

Payoneer (NASDAQ: PAYO) recently Reported its second quarter 2024 financial results and also raised 2024 guidance. Payoneer is reporting 22% volume growth accelerates “for a sixth consecutive quarter, reflecting consistent execution.” Payoneer also reported 40% B2B volume growth “driving continued SMB take rate expansion.” The… Read More

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

Stripe has announced Adaptive Pricing for businesses in Asia Pacific and Latin America. According to Stripe, this means businesses can “automatically show pricing in local currencies for buyers in over 150 countries.” As noted in an update from Stripe, online shoppers are “purchasing more goods… Read More

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

Remote working Fintech Deel announced recently that it will be acquiring Hofy. Deel claims that they are now “bringing the best IT services and device lifecycle management in-house.” According to a blog post by Deel, over the past few years, “running a global HR function… Read More

August 10, 2024 @ 10:52 am By Omar Faridi  |  

Consumer protection is a strategic pillar for the Malta Financial Services Authority (MFSA) and enabling financial literacy is part of this key objective. By supporting financial literacy and promoting a stable financial system, the Authority is committed to “fostering responsible and informed financial decision-making by… Read More

August 9, 2024 @ 5:45 pm By Omar Faridi  |  

EBM Insurance & Risk, one of Australia’s privately owned insurance brokers, is pleased to announce a partnership with CyberCube, the provider of cyber risk analytics. This collaboration will see EBM licensing CyberCube‘s Broking Manager and Prep Module, significantly “enhancing its capabilities in cyber risk quantification… Read More

August 9, 2024 @ 5:37 pm By Omar Faridi  |  

Lukka, the global blockchain data provider, announced that Animoca Brands has chosen Lukka as an enterprise data management provider. In addition, Animoca Capital, a growth equity fund “focusing on mid-to-late stage Web3 companies which is partnered with Animoca Brands, has made a strategic investment into… Read More

August 9, 2024 @ 10:54 am By JD Alois  |  

It has been widely reported that funding of private firms has been moribund for the past couple of years. There have been a few bright spots but overall, investment has not returned to the robust level seen in recent years. A report distributed today, indicates… Read More

August 9, 2024 @ 9:18 am By JD Alois  |  

Clear Bank has earned a Credit Institution Licence from the European Central Bank under the supervision of De Nederlandsche Bank. The license allows Clear Bank to operate across Europe. ClearBank is authorized in the UK by the Prudential Regulation Authority (PRA) and regulated by the Financial… Read More

August 9, 2024 @ 9:07 am By JD Alois  |  

Boston-based Flint Capital has closed on a $160 million venture capital fund. The vehicle aims to support early-stage firms in Cybersecurity, Fintech, B2C, SaaS, and other sectors. The fund will seek European and Israeli startups that want to expand into the US market. Flint has… Read More

August 9, 2024 @ 8:53 am By Omar Faridi  |  

In Q2 2024, the venture ecosystem showed modest signs of improvement, according to an update from Carta. In Q2 2024, the venture ecosystem exhibited some signs of improvement, but “not a drastic break, from Q1,” the report from Carta revealed. Based on current data, companies… Read More

August 9, 2024 @ 8:50 am By Omar Faridi  |  

CBInsights has released an extensive update focused on the role of “Big Tech in Fintech: How Amazon and Google are battling to own transactions.” The comprehensive research report from CBInsights pointed out that while Amazon and Google have reeled in their efforts to offer their… Read More

August 9, 2024 @ 8:48 am By Omar Faridi  |  

Thunes, a global money movement innovator, has now enabled hundreds of merchants in Paris to accept cross-border payments from 15 international e-wallets and mobile partners via Alipay+. This collaboration leverages the Thunes Global Network, “enhancing convenience for Asian tourists in France, as they enjoy a… Read More

August 9, 2024 @ 8:47 am By Omar Faridi  |  

CaixaBank has mobilized a total of €67.16 billion in sustainable finance according to data at the end of June 2024. This figure means having surpassed “the objective of the bank’s Sustainable Banking Plan, included in the 2022-2024 Strategic Plan, six months before the end of… Read More