Global

July 17, 2024 @ 7:51 am By Omar Faridi  |  

Lemonade (NYSE: LMND), the digital insurance company powered by AI and social impact, today announced the launch of Buildings and Contents insurance in the United Kingdom. Expanding the company’s home insurance offerings, homeowners throughout the UK can now purchase “extensive coverage for their home and… Read More

July 17, 2024 @ 7:45 am By Omar Faridi  |  

UK’s Monument Bank is pleased to announce that they have reached £3 billion in client deposits this morning, which is £1 billion more than just over ten weeks ago. Monument Bank claims that Q3 2024 is now “off to a fantastic start.” They further noted… Read More

July 16, 2024 @ 11:08 pm By Omar Faridi  |  

ADGM’s commitment to transparency, accountability and market integrity has been “strongly reflected” through its coordinated efforts to sustain these pillars. ADGM, the international financial centre of the UAE’s capital, has announced the publication of its whistleblowing framework, “a coordinated initiative between ADGM Authorities to sustain… Read More

July 16, 2024 @ 8:30 pm By JD Alois  |  

  On June 30, 2024, the Markets in Crypto-Assets (MiCA) regime went into effect in the EU. MiCA regulates non-security digital assets, including stablecoins. The EU legislation aims to create an environment where digital asset innovation may take place while providing a compliant ecosystem to… Read More

July 16, 2024 @ 7:07 pm By JD Alois  |  

Banking platform Temenos (SIX: TEMN) is partnering with Visa to integrate Visa Direct, a Visa money movement solution. The service will be integrated within the Temenos Payments Hub and made available to banks via Temenos Exchange. Last month, Temenos announced the addition of Mastercard Move… Read More

July 16, 2024 @ 11:51 am By JD Alois  |  

Douglas Grant, Managing Director at Conister Bank, says the new Labour government must incentivize investors to support UK SMEs. The UK already has several programs in place to provide significant tax incentives to support early-stage and private firms. These include the popular EIS/SEIS program and… Read More

July 16, 2024 @ 11:14 am By JD Alois  |  

Dopay, a Fintech providing banking to unbanked and underbanked individuals, is reporting raising $13.5 million in a Series A extension funding. The Series A extension funding was led by Argentem Creek Partners with participation from existing investors. Dopay states this tops up a prior $18… Read More

July 16, 2024 @ 8:54 am By JD Alois  |  

Following its rebranding from Seedrs to Republic Europe, the online investment platform is reporting that it generated more than over £24.5 million in activity in June. The above number incorporates primary offerings, secondary trading, funds as well as private deal rooms which typically involve more… Read More

July 16, 2024 @ 8:22 am By Omar Faridi  |  

Talos, a provider of institutional technology for trading digital assets, announced the establishment of its new European entity in the Netherlands. This marks a significant growth milestone for Talos’s global footprint and “underscores its commitment to enhancing its services for clients in the EU region.”… Read More

July 16, 2024 @ 8:21 am By Omar Faridi  |  

As we arrive at the midpoint of 2024, the team at Klarpay is providing an update to their clients and partners on the Fintech firm’s milestones and achievements in the first half of the year. Klarpay has been active on the global stage, “participating in… Read More

July 16, 2024 @ 8:20 am By Omar Faridi  |  

HeavyFinance recently shared its latest platform performance review. HeavyFinance reveals in its comprehensive update that June proved to be “a dynamic month for their investor community, with €1.16M allocated across 36 agricultural projects on the HeavyFinance platform.” By the close of June 2024, the total… Read More

July 16, 2024 @ 8:17 am By Omar Faridi  |  

lemon.markets has raised an additional €12 million in funding. Led by CommerzVentures, along with participation from Heliad AG and existing investors Creandum, Lakestar, Lightspeed, and System.One, the investment round is said to bring them one step closer to “providing the infrastructure for the next 100… Read More

July 16, 2024 @ 8:00 am By Omar Faridi  |  

The details of more than 600,000 bank cards around the world have been leaked on the dark web, according to a new report by cybersecurity company NordVPN. The research report uncovered that financial information “is being harvested from users through malware.” This malicious software is… Read More

July 16, 2024 @ 7:58 am By Omar Faridi  |  

Fourthline‘s Modular Identity Platform helps banks, fintechs, and non-financial businesses build secure, seamless, and tailored identity solutions. Whether you need to verify a client’s identity or conduct anti-money laundering (AML) screening, you can choose from standalone product modules or one of Fourthline’s pre-built solutions. As… Read More

July 15, 2024 @ 5:03 pm By JD Alois  |  

Gig worker Fintech OCN has raised $86 million in Series A funding, which included debt and equity capital, according to a note distributed by the company. The round was led by Caravela Capital (Brazil), Collide Capital (US), and Great North Ventures (US). i80 Group (US)… Read More

July 15, 2024 @ 4:26 pm By Omar Faridi  |  

One of the key metrics for consumer investment apps is reducing the time to trade once an account is opened, according to an update from Alpaca. However, slow funding can be “a big friction for this engagement,” Alpaca noted in a blog post. To provide… Read More

July 15, 2024 @ 2:02 pm By JD Alois  |  

EstateGuru, an online investment platform serving Europe, is reporting that it surpassed €40 million in investment during the first six months of 2024. At the same time, investors received a capital return of €47.5 million, earning €6.9 million (10.88%). Based in Estonia, investors may participate… Read More

July 15, 2024 @ 1:41 pm By Omar Faridi  |  

The latest Mintos Risk Score updates based on developments and data from the first quarter of 2024 are now live on Mintos. Mintos has shared the general summary of the most recent quarterly changes. This quarter, Mintos says that it “saw 5 increases in the… Read More

July 15, 2024 @ 11:11 am By Omar Faridi  |  

Argentina-headquartered payments processing Fintech Tapi has reportedly acquired $22 million in capital from key investors. The Fintech firm will use proceeds from the Series A investment round in order to help with its business expansion efforts into Mexico. This, acocring to statements from company Co-founder… Read More

July 15, 2024 @ 11:00 am By Omar Faridi  |  

At Tether, they remain dedicated to fostering a robust and innovative blockchain ecosystem for USD₮ and all other tokens we issue. This commitment drives Tether to continuously “assess their transport layers, ensuring a balance between maintainability and usage while prioritizing community interest.” Community input is… Read More