Global

April 8, 2024 @ 8:12 am By Omar Faridi  |  

CAB Payments Holdings announced it has expanded into the European Economic Area (EEA) with the establishment of CAB Europe BV, trading as CAB Payments Europe. CAB Payments Europe has secured a payment service provider license with De Nederlandsche Bank N.V., (DNB) to “provide services in… Read More

April 8, 2024 @ 8:09 am By Omar Faridi  |  

Ripple CEO Brad Garlinghouse recently stated that he thinks the combined value of the crypto-assets market may double this year. As reported by CNBC, the Ripple Chief Executive has cited the approval of the US spot bitcoin (BTC) exchange-traded fund (ETFs) as well as the… Read More

April 7, 2024 @ 8:08 pm By Omar Faridi  |  

In the latest Coin Metrics State of the Network, the researchers take a data-driven look at the most important events that impacted the digital assets industry in Q1 2024. The demand and strength of inflows into bitcoin exchange-traded products “have been unprecedented, catching many by… Read More

April 7, 2024 @ 12:38 pm By Omar Faridi  |  

Ecommpay, an international Payment Service Provider and UK & Europe direct bank card acquirer, has launched Direct Debit payments across BACS and SEPA with bank payment company GoCardless. By using GoCardless Embed — the fintech’s white-labeled solution that allows payment service providers (PSP) to integrate… Read More

April 7, 2024 @ 10:23 am By Omar Faridi  |  

Six out of 10 or 60% of property managers reportedly experienced fraud during the last two years, according to the latest TransUnion (NYSE: TRU) research which finds outdated risk assessment methods leading to alarming levels of late detection. As the rental market grew over the… Read More

April 7, 2024 @ 9:21 am By Omar Faridi  |  

Ripple, the provider of enterprise blockchain and crypto solutions, announced its plans to launch a stablecoin, pegged 1:1 to the US dollar (USD). Ripple’s stablecoin will reportedly “be 100% backed by US dollar deposits, short-term US government treasuries, and other cash equivalents.” These reserve assets… Read More

April 7, 2024 @ 9:19 am By Omar Faridi  |  

Xoom, PayPal‘s (NASDAQ: PYPL) cross-border money transfer service, announced that U.S. users now have the option to fund money transfers to friends and family abroad using USD converted from PayPal USD (PYUSD), a U.S. dollar-denominated stablecoin2. Rolling out to customers in the U.S. starting now,… Read More

April 7, 2024 @ 9:14 am By Michael Wong  |  

Financial inclusion data provider Smile API has successfully closed a funding round with DEG‘s Up-Scaling program, a venture supported by the German Development Finance Institution. This initiative, co-financed by the German Ministry for Economic Cooperation and Development, channels investments into innovative Fintech and greentech ventures… Read More

April 7, 2024 @ 9:12 am By Omar Faridi  |  

As the financial industry grapples with serving an increasingly mobile and digital-first customer base, neobanks are stepping up to fill the gaps left by legacy institutions. Raman Korneu, CEO and Co-founder of myTU, shares his insights on how cloud-native technology and AI can drive a… Read More

April 6, 2024 @ 2:14 pm By Omar Faridi  |  

OKX Ventures, the investment arm of Web3 technology company OKX, is pleased to announce its participation in the seed funding round of UTXO Stack, a modular BTC Layer 2 blockchain launch platform. The seed funding round was reportedly co-led by ABCDE and SNZ, with OKX… Read More

April 6, 2024 @ 1:17 pm By Omar Faridi  |  

The Bank for International Settlements (BIS) together with seven central banks has recently announced plans to join forces with the private sector to explore how tokenisation can enhance the functioning of the monetary system. Project Agorá (Greek for “marketplace”) reportedly “brings together seven central banks:… Read More

April 6, 2024 @ 12:10 pm By Omar Faridi  |  

HOMErs says that it delivers turn-key, contemporary modular homes designed for rapid assembly and disassembly. HOMErs has reportedly secured 89% of its £500,002 target (at the time of writing) via Seedrs with 22 days left in the company’s crowdfunding campaign. HOMErs has so far acquired… Read More

April 6, 2024 @ 12:07 pm By Omar Faridi  |  

UK Fintech Wise (LSE:WISE) has shared its newest partnership with Swan, a European firm focused on embedded finance. Swan enables companies across Europe to easily “embed banking features such as accounts, cards, and payments into their own product.” However, one thing was missing “from their offer;… Read More

April 6, 2024 @ 12:05 pm By Omar Faridi  |  

Pitchbook is reporting mixed fintech performance as public fintech companies delivered mixed returns in Q1 2024. Pitchbook notes in a report that when “compared to the S&P 500’s 10.2% return and Nasdaq’s 9.1% return for the quarter, the neobanks, brokers, and crypto cohort was the… Read More

April 5, 2024 @ 4:17 pm By Omar Faridi  |  

ClearBank, the enabler of real-time clearing and embedded banking for financial institutions, today presents the results from its 2023 Annual Report. It shows ClearBank’s first full year of profitability, “with strong growth in income, platform and transaction fees, deposits, and clients.” In a challenging and… Read More

April 5, 2024 @ 2:15 pm By Omar Faridi  |  

OKX has released a report titled ‘Unlocking the Infinite Potential of Crypto and AI.’ The research report from OKX explores “the convergence of AI and crypto, a major trend in the current market cycle that is giving rise to new applications and innovations encompassing areas… Read More

April 5, 2024 @ 12:57 pm By Omar Faridi  |  

The Celo Foundation and Rarible introduce Celosphere, a new NFT marketplace powered by RaribleX and platforming digital ownership aligned with the Celo community’s mission of creating prosperity for all. Built on Celo, an emerging Ethereum Layer-2 and mobile-first blockchain network, the Celosphere provides creators “with… Read More

April 5, 2024 @ 12:11 pm By Michael Wong  |  

Zeepay, a finteh startup based in Accra, Ghana, has announced raising an undisclosed amount in its latest round of equity funding. The funding round was spearheaded by prominent investors including Africa50, Oikocredit, Injaro Ghana Venture Capital Fund (IGVCF), and Verdant Capital Hybrid Fund, with additional… Read More

April 5, 2024 @ 11:51 am By Michael Wong  |  

zypl.ai, a generative artificial intelligence (AI) fintech lending startup, announced it secured significant investment from Dubai-based corporate and retail bank Commercial Bank International (CBI) along with other global investors in a post-seed bridge round. This strategic investment precedes zypl.ai’s anticipated Series A funding round set… Read More

April 5, 2024 @ 10:55 am By Omar Faridi  |  

Chainalysis is marking its 10th year of operations this spring, and they’re reflecting on how far they’ve come with their clients and how the’re continuing to evolve with the rapidly changing ecosystem. Chainalysis notes in a blog post that the market revival we are experiencing… Read More