Global

September 6, 2023 @ 4:56 pm By Omar Faridi  |  

Debitum is pleased to announce that Debitum-affiliated Loan originator Sandbox Funding has issued its 1st million euros in loans. Loans have been issued “to Latvian companies from forestry and agriculture, energy, and eco-house construction industries.” Henrijs Jansons, Debitum CEO, said: “We started to test Sandbox… Read More

September 6, 2023 @ 3:17 pm By Omar Faridi  |  

Henley & Partners’ inaugural publication is intended for those following crypto-assets private wealth, and investment migration trends — whether global citizens, crypto investors, wealth managers, or private bankers. The update includes key statistics on crypto and Bitcoin millionaires, centi-millionaires, and billionaires provided by global wealth intelligence… Read More

September 6, 2023 @ 1:27 pm By Omar Faridi  |  

Metro Bank has created dedicated online hubs both to support brokers who may be “working with a vulnerable client, and customers going through a period of vulnerability themselves.” The Bank has launched “a dedicated Vulnerable Customer page on its intermediary website to help brokers understand… Read More

September 6, 2023 @ 1:01 pm By Omar Faridi  |  

Robocash notes that the month of July turned out to be “active,” which is reflected in the key monthly figures. For now, Robo.cash says they are still “keeping a low-key offer and waiting for updates from the business.” As covered, Robo.cash has announced upcoming changes… Read More

September 6, 2023 @ 12:37 pm By Omar Faridi  |  

Modulus is beginning its recruitment drive in order to support global expansion efforts amidst the rise of digital asset sector. Modulus, a US-based developer of technology powering Wall Street, international banks, digital asset exchanges, and global regulatory commissions, revealed its plans for worldwide expansion. The… Read More

September 6, 2023 @ 12:14 pm By Omar Faridi  |  

Network International, the enabler of digital commerce across the MEA region, has announced a partnership with J.P. Morgan Payments in order “to strengthen the bank’s acquiring offering.” J.P. Morgan Payments currently “operates in over 160 countries and over 120 currencies and is one of the… Read More

September 6, 2023 @ 11:31 am By Omar Faridi  |  

In a weekly update, SlowMist reveals that there were approximately $830,000 that were lost in Web3 security incidents. According to statistics from SlowMist’s Blockchain Hacking Archive, from August 28 to September 3, 2023, there were “a total of 7 security incidents, resulting in an estimated… Read More

September 6, 2023 @ 11:11 am By Omar Faridi  |  

Travis Kling, a former L/S Equities Portfolio Manager that fell down the “Crypto rabbit hole” who’s now running the Ikigai fund, notes that as summer officially draws to a close, you may have been “away from the screens over the last few months.” Travis has… Read More

September 6, 2023 @ 10:39 am By JD Alois  |  

Anti-money laundering (AML) and KYC service provider Strise has raised $10.8 million in Series A funding. Atomico led the funding round, which included existing investors. A valuation of the company was not immediately available. Atomico Partner Don Hoang, a former senior executive at Uber and… Read More

September 6, 2023 @ 9:39 am By Omar Faridi  |  

James Butterfill from CoinShares notes that have been minor outflows, but inflows for Bitcoin. So, is negative sentiment “on the turn?” As noted in the update from CoinShares, digital asset investment product flows cooled off, with relatively minor outflows totaling US$11.2 million. This run of negative… Read More

September 6, 2023 @ 9:34 am By Michael Wong  |  

Artificial intelligence (AI) technology provider Elemental Cognition (EC.ai), has announced raising $60 million in its Series B funding round, with notable participation from Bridgewater Associates, Breyer Capital, AME Cloud Ventures, Staged Ventures, and other individual investors. The investment will be utilized to accelerate the commercial… Read More

September 6, 2023 @ 9:32 am By Omar Faridi  |  

In August, PeerBerry reportedly crossed two key milestones. PeerBerry investors funded “a record amount of EUR 75.36 million in loans, exceeding a pre-war level”. It is the largest amount funded “in one month on the platform in PeerBerry’s six-year history.” At the end of August,… Read More

September 6, 2023 @ 9:30 am By Omar Faridi  |  

Financial-sector assessments are gauging the effects of elevated borrowing costs, and the prospect that central banks “may keep policy rates higher for longer than investors expect,” according to an update shared by the International Monetary Fund (IMF). Tobias Adrian, Hiroko Oura from the IMF have… Read More

September 6, 2023 @ 9:27 am By Omar Faridi  |  

GenTwo, a Swiss-based B2B Fintech platform specialized in securitization of bankable and non-bankable assets, announced that it has raised a USD 15 million Series A led by US-based Point72 Ventures. In conjunction with the investment round, Pete Casella, Senior Partner and Co-Head of Fintech investments… Read More

September 6, 2023 @ 7:54 am By Omar Faridi  |  

Veridas, a Spanish technology company specializing in digital identity and biometrics,  announces its Voice Biometrics Solution is now “available on the Genesys AppFoundry, a marketplace of solutions offering a curated selection of applications and integrations that elevate customer and employee experiences.” With Veridas Voice Biometrics,… Read More

September 6, 2023 @ 7:34 am By Omar Faridi  |  

Arendt Services announces a partnership with Fenergo in order “to deliver its investment management clients a best-in-class, investor lifecycle experience.” Arendt Services will leverage Fenergo’s Software-as-a-Service (Saas) Client Lifecycle Management (CLM) solution “to meet investor expectations for a frictionless onboarding and maintenance experience.” Arendt Services… Read More

September 6, 2023 @ 7:31 am By Omar Faridi  |  

The vast majority of SME finance experts expect the Government to “miss its target of halving inflation by the end of the year,” iwoca’s latest Q2 2023 SME Expert Index finds. The new research, carried out with over one hundred SME finance brokers who collectively… Read More

September 6, 2023 @ 7:29 am By Omar Faridi  |  

Digital currency exchange Coinbase Global (NASDAQ:COIN) is introducing a crypto-asset lending platform that’s meant for larger institutional investors. This, according to a company representative statement issued on Tuesday. As first reported by Reuters, Coinbase has acquired $57 million in capital for its new virtual currency… Read More

September 6, 2023 @ 7:26 am By Omar Faridi  |  

Qover, which claims to be a leader in embedded insurance orchestration, announces the successful granting of a Financial Conduct Authority (FCA) full authorization. Following seven years of active operations in the UK market, this achievement ensures Qover’s continued growth “across the continent post-Brexit and underscores… Read More

September 5, 2023 @ 10:06 pm By Omar Faridi  |  

Matteo Greco, Research Analyst at the publicly listed digital asset and fintech investment business Fineqia International (CSE:FNQ), has shared key insights with CI. SEC vs Service Provider Developments Keeps Market Volatility Up Bitcoin (BTC) closed last week “around $26,000, a 0.5% decrease in price from… Read More