Global

We find Fintech news from around the world and share it with you here.

Payments Major Airwallex Hits $100bn Processing Milestone, Expands in Americas

Global payments and financial platform Airwallex announced that it has surpassed $100 billion in annual processing volume, marking a 73% increase year-on-year. This growth is accompanied by an annual run rate revenue nearing $500 million and the achievement of cash flow positivity at the end… Read More

TWINO Provides Update on NetCredit Poland

As we cross the halfway of 2024, TWINO online investment platform has provided an update on performance from NetCredit Poland. As shared in a blog post by TWINO, here are the key preliminary financial results: As of now, TWINO notes that there are “over 115,000… Read More

Kaspersky Detects Online Fraud Campaign Aimed at Stealing Crypto and Sensitive Information

Kaspersky has detected an online fraud campaign aimed at stealing cryptocurrency and sensitive information by exploiting popular topics such as web3, crypto, AI, online gaming, and beyond. Targeting individuals worldwide, the campaign is believed to “be orchestrated by Russian-speaking cybercriminals and spreads info-stealing and clipper… Read More

Only 46% of Credit Card Holders are Classified as Financially Healthy and 51% Carry Revolving Debt – Report

The points, miles and perks that have come to define the modern credit card marketing playbook are being replaced by cashback rewards and lower fee cards as cardholder financial health1 grows increasingly strained. According to the J.D. Power 2024 U.S. Credit Card Satisfaction Study, “only… Read More

Digital Bank Revolut Now Valued at $45 Billion After Share Sale By Company Workers

Digital bank Revolut has reportedly secured a $45 billion valuation in a share sale by company workers, beating an overall fintech industry downturn and solidifying its position as Europe’s most valuable startup venture. This, as the UK government aims to convince it to pursue a… Read More

Aventus Group Lender Credito365 from Colombia Is Offering Short-Term Loans via PeerBerry Platform

Aventus Group lender Credito365 from Colombia starts offering short-term loans on the PeerBerry platform. Colombian loans are backed with a buyback and “a group guarantee and will generate a 9.5% annual return to PeerBerry investors.” Aventus Group founded Credito365 CO (legal name Tech365 S.A.S) in… Read More

Regulatory Penalties for Global FIs Inceased Over 30% in H1 2024 According to Regtech Fenergo Report

Fenergo, the provider of digital solutions for know your customer (KYC), transaction monitoring and client lifecycle management (CLM), released its half-year annual findings on global financial institution enforcement actions, revealing a 31% surge in the value of fines issued in H1 2024 compared to H1… Read More

PensionBee Explains How UK Pensioners Lose £300 Winter Fuel Payments Unless Claiming Often Ignored Pension Credit

PensionBee noted that the new Chancellor Rachel Reeves has announced the end of the Winter Fuel Payments for those not receiving Pension Credit. PensionBee explained that the one-off yearly payments have helped pensioners “with the often higher cost of heating in the winter months.” Pension… Read More

Fintech Peaks Raises €1.38 Million on Republic Europe

European investing App Peaks has raised €1.38 Million on Republic Europe topping its initial goal of €1,000,000. According to the offering page, Peaks was selling equity at a pre-money valuation of €52 million. Investors in the securities offering numbered 2128, aquiring a 2.55% equity stake… Read More

Curve Shares Intent to Join Apple Payments Ecosystem

Following the announcement that Apple (NASDAQ:AAPL) will open up its NFC ecosystem to outside payments providers, UK Fintech Curve has announced its intent to join the giant tech firm’s platform. Curve CEO and founder Shachar Bialick has issued the following statement: “We welcome Apple’s latest announcement,… Read More

Bitcoin Mining Report: Global Hash Rate Reached All-Time-High on July 23 As BTC Mining Difficulty Declined in Past Month

Compass Mining has shared the latest updates in a Bitcoin Mining Industry Report for the month of July 2024, focused on key operational developments. As noted in a blog post by Compass Mining, the Bitcoin price closed the month of July “at $64,619 increasing by… Read More

Chainalysis Reports Decline in Illicit Transactions On-Chain Despite Rise in Stolen Funds and Ransomware

Chainalysis has released the report, entitled 2024 Crypto Crime Mid-year Update Part 1: Cybercrime Climbs as Exchange Thieves and Ransomware Attackers Grow Bolder As noted in the report from Chainalysis, aggregate illicit activity on-chain “has dropped by almost 20% year-to-date, demonstrating that legitimate activity is… Read More

CoinList Staking Fund Allows Accredited Investors to Generate Passive Rewards on Digital Assets with Diversification, Tax Benefits

The CoinList Staking Fund allows U.S.-based accredited investors and family offices to generate passive rewards on their digital assets with operational expertise, diversification, and tax benefits. By focusing on five distinct assets, each with “unique” and “compelling” features, CoinList provide investors with a pathway “to… Read More

AI and Crypto related Carbon Emissions Are Surging and Tax Policy Could Help, New Study Claims

Carbon emissions from AI and crypto are surging and tax policy can help, according to an update shared by the International Monetary Fund (IMF). Crypto mining and data centers now account “for 2 percent of global electricity use and nearly 1 percent of global emissions,… Read More

Latam Crypto Exchange Bitso Enlists Coincover for Asset Protection from Hacks, etc.

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Bitso, a top crypto exchange operating in Latin America, has enlisted the services of Coincover to protect user assets from hacks and more. According to Bitso, Coincover will provide protection  against thefts and lost access thus providing a higher degree of safety for its account… Read More

Fintech Modern Treasury Enables Growth of Instant Payments with Banking Institutions

Modern Treasury, essential infrastructure for the new era of payments, announced that it has expanded instant payments support for mutual customers of six banks — Bank of America, Cross River, JPMorgan Chase, PNC Financial Services, U.S. Bank and Wells Fargo. Instant payments, powered by the… Read More

LTIMindtree, 10x Banking Announce Global Partnership

Core banking provider 10X Banking and LTIindree, a consulting firm, have announced a global partnership. According to a statement issued by the two firms, the partnership aims to fuel the utilization of the core banking product. LTIMindtree has set up a new global practice of… Read More

Capchase Pay Offered to Software Buyers via Tekpon Partnership, Allowing them to Pay in Installments

Capchase notes in a blog post that Tekpon is an online marketplace for software solutions across sectors. Their platform connects businesses with the software solutions “that are right for them, featuring user reviews, product overviews, and ratings that help buyers cost-effectively optimize their software stack.”… Read More

Payments Infrastructure Fintech Paddle Opens Applications for AI Launchpad for Founders

Paddle, the payments infrastructure provider, has opened applications for its third AI Launchpad, offering 75 ambitious AI founders the chance to participate in a 6-week program to help them build, launch and scale their AI-powered business ideas. The potential for AI startups is huge, “with… Read More

Digital Investment Platform Thndr to Enhance Investing Accessibility in MENA Region with Alpaca

Thndr is said to be focused on opening investing accessibility in the MENA region with Alpaca. Thndr is an emerging force in MENA, who’s team is on “a mission to increase access to personal investing.” By opening access to the global markets for “a growing… Read More

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