Global

April 11, 2024 @ 1:51 pm By Omar Faridi  |  

EQT is pleased to announce that EQT Mid Market Europe, together with its co-shareholders, has agreed to sell Rimes to the Five Arrows Long Term Fund and Five Arrows Principal Investments. Five Arrows is the alternative assets arm of Rothschild & Co. Founded in 1996,… Read More

April 11, 2024 @ 10:36 am By Omar Faridi  |  

The AI 100 has been released by CB Insights. It’s an annual list of some of the best / high-potential private AI companies in the world. From new AI architectures to precision manufacturing, this year’s AI firms are focused on tackling some of the hardest… Read More

April 11, 2024 @ 9:19 am By JD Alois  |  

Mimo, a UK-based platform that supports global payments, cash flow, and financial management for SMEs and finance professionals, has raised £15.5 million in funding. Northzone led the funding round. Other investors include Cocoa Ventures, Seedcamp, and Upfin VC, with an asset-backed facility arranged by Fost…. Read More

April 11, 2024 @ 9:11 am By JD Alois  |  

Performance Finance Limited has received a £15 million facility from the British Business Bank.  Performance Finance will use the funds to support to smaller businesses to accelerate their growth. Performance Finance provides financing for professionals like opticians, dentists, solicitors, vets, and surgeons. This includes business loans,… Read More

April 11, 2024 @ 8:59 am By JD Alois  |  

Bitfinex Securities El Salvador S.A. has issued a statement on a security token, or digital security, offering to help finance the Hampton by Hilton Hotel in El Salvador. The project expects to create 1000 jobs during construction and, eventually, 5000 direct and indirect jobs upon… Read More

April 11, 2024 @ 8:38 am By Omar Faridi  |  

Nick Maynard, VP of Fintech Market Research at Juniper Research, notes that cryptocurrency and payments platform Ripple has announced that it is launching its own US Dollar-backed stablecoin later this year. This move, which is subject to customary regulatory approvals, “represents the latest in a… Read More

April 11, 2024 @ 8:31 am By Omar Faridi  |  

Adyen (AMS: ADYEN), the global financial technology platform for businesses, has published new research revealing the billions the global retail sector loses to fraudulent activity annually. Working alongside the Centre for Economic Business and Research (Cebr), Adyen found that the retail sector “lost $429 billion to… Read More

April 11, 2024 @ 8:28 am By Omar Faridi  |  

Bank payment company GoCardless has announced the renewal and expansion of its strategic partnership with Sage, the global enabler of accounting, financial, HR, and payroll technology for small and mid-sized businesses. The latest agreement, which “builds on a successful six-year collaboration, will open up new… Read More

April 11, 2024 @ 8:26 am By Omar Faridi  |  

When it comes to wealth, younger Americans (millennials and Gen Z) have catching up to do, the team at PolicyGenius noted in a recent update. Adult members of these generations “own just 74 cents for every $1 of wealth that baby boomers owned at the… Read More

April 10, 2024 @ 11:33 pm By JD Alois  |  

The UK Financial Conduct Authority (FCA) has issued a report on consumer debt. The FCA states that 7.4 million people are struggling to pay bills and credit card debt (January 2024).  While this is lower than the 10.9 million in January 2023 who were encountering… Read More

April 10, 2024 @ 9:39 pm By Omar Faridi  |  

Entrust, a global enabler of trusted payments, identities, and data security, announced that it has completed its acquisition of Onfido, a global leader in identity verification. With this completed acquisition, Entrust now “provides the industry’s most comprehensive portfolio of AI-powered, identity-centric security solutions.” Terms of… Read More

April 10, 2024 @ 5:09 pm By Omar Faridi  |  

The TradeX app, which aims to enhance predictions markets, is reporting its latest updates. TradeX, which previously secured funding from Y Combinator and other investors, has so  far reportedly raised $4.5 million. The platform’s creators have launched a B2B vertical, expanding its offerings and partnerships…. Read More

April 10, 2024 @ 3:42 pm By Omar Faridi  |  

Blockchain Coinvestors Acquisition Corp. I (Nasdaq: BCSA), a special purpose acquisition company, and Linqto, Inc., a Delaware corporation, today announced they have entered into a definitive business combination agreement, pursuant to which Linqto will become a wholly-owned subsidiary of BCSA. From and after the closing… Read More

April 10, 2024 @ 1:54 pm By Omar Faridi  |  

Nubank Ultravioleta, the seamless experience provider for high-income Nubank (NYSE: NU) customers, announces its entry into the travel segment with the pre-launch of its Global Account, in partnership with Wise Platform, which is Wise’s (LSE:WISE) global infrastructure solution for banks and large companies. Starting now,… Read More

April 10, 2024 @ 11:52 am By Omar Faridi  |  

Meijers Assurantiën, a Dutch insurance broker and Worldwide Broker Network member, has reportedly become CyberCube’s first client in the Netherlands marking the leading cyber risk modeler’s continued international expansion. Meijers is a family business that “has grown in half a century to become one of… Read More

April 10, 2024 @ 11:30 am By Rushd Averroes  |  

The world of finance is at a crossroads. With its legacy systems and ingrained practices, the traditional financial system (TradFi) struggles to keep pace with the rapid innovations of decentralised finance. At the same time, decentralised finance (DeFi), while promising increased accessibility and transparency, often… Read More

April 10, 2024 @ 11:14 am By JD Alois  |  

GrtWines is a new online investment platform that focuses solely on collectible wines. At the beginning of the year, GrtWines revealed its inaugural collection, “100 Magnums,” featuring Bordeaux wines. According to GrtWines, this first collection sold out in four days, thus displaying high demand for… Read More

April 10, 2024 @ 10:47 am By Omar Faridi  |  

Monad Labs says that it is accelerating the Ethereum Virtual Machine or EVM so that decentralized apps can “eat the world.” The EVM is the standard of web3; over 96% of all capital in DeFi is in EVM apps. In spite of this, EVM-compatible blockchains… Read More

April 10, 2024 @ 9:25 am By JD Alois  |  

While the number of users benefiting from Open Banking continues to increase worldwide, there is a divergence between the concept of Open Banking and Open Finance – at least according to Salt Edge. Salt Edge is an open banking platform that provides services interested in… Read More

April 10, 2024 @ 9:07 am By Omar Faridi  |  

Uphold, the global web3 financial platform, announces bitcoin as the next asset that can be deposited into Vault – an assisted self-custody wallet that strips away the complexities in securing digital assets. Originally, Vault supported XRP, but this addition “transitions Vault into the early stages… Read More