Global

January 23, 2024 @ 1:48 pm By Omar Faridi  |  

Revolut, the global financial super app, has today announced a partnership to offer its Revolut Pay payment technology to Aer Lingus customers. Revolut Pay will enable customers of Ireland’s flag carrier “to pay at checkout with just one click.” Revolut’s 2.5 million Irish customers and… Read More

January 23, 2024 @ 1:46 pm By Omar Faridi  |  

The vast majority of consumers are “aware of the financial benefits of circular practices – particularly repair and second-hand shopping” – finds a new report from Klarna, the AI-powered payments network and shopping assistant. Drawing on insights from a survey of over 3,000 consumers “across… Read More

January 23, 2024 @ 11:48 am By JD Alois  |  

  Seedrs, part of the US-based Republic, is reportedly restructuring and slashing 15% of its employees operating in Europe. Seedrs was acquired by Republic in 2021 in a deal valued at $100 million. The deal closed the following year. The combined operation is one of… Read More

January 23, 2024 @ 11:12 am By Omar Faridi  |  

Perenna, which is building an innovative digital mortgage bank that will aim to enhance the UK mortgage market, recently revealed that it has received UK Government grant funding in order to “accelerate decarbonization of UK housing stock.” Perenna says that for decades, consumers in the… Read More

January 23, 2024 @ 10:50 am By JD Alois  |  

SeedBlink is an emerging investment crowdfunding platform that is registered with the Romanian Financial Supervisory Authority and also approved under the new European Crowdfunding Service Providers Regulation (ECSPR) and thus allowed to issue securities across the EU. Under ECSPR, an issuer may raise up to… Read More

January 23, 2024 @ 7:11 am By Omar Faridi  |  

Qover, an insurtech driven by a vision of creating a global safety net through insurance – announces the launch of its innovative motor insurance solution in the United Kingdom, which enables car manufacturers to “provide digital insurance programs across Europe.” In line with Qover‘s goal… Read More

January 23, 2024 @ 7:03 am By Omar Faridi  |  

In the fourth quarter of 2023, the crypto market experienced a surge in anticipation related to ETFs, “particularly with the growing optimism surrounding the potential approval of US spot Bitcoin ETFs,” the CoinGecko team noted. CoinGecko also mentioned that this optimism appears to have “contributed… Read More

January 23, 2024 @ 7:01 am By Omar Faridi  |  

Satchel, a European digital banking provider, is set to enhance its compliance standards through a strategic partnership with AMLYZE, a Regtech company specializing in anti-money laundering and financial fraud prevention. Satchel’s commitment to delivering banking services, “underscored by a robust emphasis on regulatory compliance and… Read More

January 23, 2024 @ 6:55 am By Omar Faridi  |  

Crypto.com released its annual Crypto Market Sizing Report, showing that global cryptocurrency owners increased by 34% in 2023 – “rising from 432 million in January 2023 to 580 million in December 2023.” Similar to the previous year, this notable growth “continued despite several macro headwinds,… Read More

January 23, 2024 @ 6:22 am By Omar Faridi  |  

The Bank of London announced the appointment of Anne Grim as an independent Non-Executive Director (NED) of The Bank of London Group Limited Board and Chairperson of the Board Risk Committee (BRC), “subject to regulatory approval.” As well as her BRC role, Anne will be… Read More

January 22, 2024 @ 10:51 pm By Omar Faridi  |  

Despite a December rise, inflation is expected “to continue falling this year” says Yael Selfin, Chief Economist at KPMG UK. The KPMG UK team noted that the expected fall in the energy price cap in April “could see inflation returning to target by spring. Nevertheless, disruptions… Read More

January 22, 2024 @ 9:49 pm By Omar Faridi  |  

Zeal says it is pleased to announce a successful $4M funding round led by Raed Ventures and Cur8 Capital, along with strategic angel investors. This capital from the investment round is aimed at “expanding Zeal’s innovative technology solutions across the EMEA region, following its recent… Read More

January 22, 2024 @ 9:46 pm By JD Alois  |  

Online lender LendInvest Mortgages (AIM:LINV) says it will offer two new products: House Flip Bridge and Landlord Refurb Bridge. Both products aim to boost lending activity while providing borrowers the agility and speed they need to acquire and quickly flip homes. Both products are 85% LTV,… Read More

January 22, 2024 @ 6:01 pm By Omar Faridi  |  

Alchemy Pay, a payment gateway that connects crypto with traditional fiat currencies for businesses, developers, and end users, notes that the approval of the Bitcoin Spot ETF signifies a significant step “towards the enhanced institutionalization of cryptocurrencies, paving the way for bitcoin to reach a… Read More

January 22, 2024 @ 5:49 pm By Omar Faridi  |  

Worldcoin claims that it was created to help build a more human internet and a more inclusive digital economy. That ethos aligns with the founding principles of Friends With Benefits (FWB), a new kind of social network DAO working with creatives and builders “to platform… Read More

January 22, 2024 @ 2:42 pm By JD Alois  |  

Online lender ThinCats has received more funding from Fintex Capital. This is financed by Fintex Specialty Finance UK, the firm’s flagship discretionary investment fund. According to a note from the firm, Fintex has added to an existing mezzanine facility with ThinCats. Fintex has added £5… Read More

January 22, 2024 @ 2:21 pm By Omar Faridi  |  

Morningstar, Inc. (NASDAQ: MORN) and iCapital, a wealth management Fintech, have announced a strategic relationship to provide Advisor Workstation users “with access to alternative investments and analytics for the first time.” The integration equips Advisor Workstation’s more than 170,000 users with alternative investment research and… Read More

January 22, 2024 @ 9:36 am By JD Alois  |  

  The British Business Bank says its Recovery Loan Scheme (RLS) has supported £1 billion of finance offers to smaller businesses since its launch in August 2022. Launched in 2014, the British Business Bank is the UK government’s economic development bank. The Recovery Loan Scheme… Read More

January 22, 2024 @ 9:23 am By JD Alois  |  

Spectrum Markets has become a member of the  German Federal Association of Investment Firms (Bundesverband der Wertpapierfirmen (bwf)) Spectrum Markets is a wholly owned subsidiary of the IG Group (LSEG: IGG). Regulated by BaFin, the company is a pan-European trading venue for securitized derivatives aimed… Read More

January 22, 2024 @ 8:05 am By Omar Faridi  |  

The Fintech sector has not been spared from the “sweeping” downturn in the venture market, according to an extensive update shared by CBInsights. In fact, in 2023, funding to fintech startups “dropped off more severely than broader venture funding,” the CBInsights report noted. Based on… Read More