Global

July 19, 2023 @ 7:51 am By Omar Faridi  |  

LendInvest plc (AIM: LINV); which claims to be the UK’s leading platform for mortgages, is pleased to announce its audited results “for the year ended 31 March 2023.” Rod Lockhart, Chief Executive of LendInvest, commented: “I am pleased with the progress we have made over… Read More

July 19, 2023 @ 7:33 am By Omar Faridi  |  

Global Fintech Wise plc (LSE:WISE) has shared its latest Q1 FY24 trading update, noting that the firm is now off to a good start to the year “with continued strong customer growth.” As noted in a release, Wise reports the following key results: 33% YoY… Read More

July 18, 2023 @ 10:55 pm By Omar Faridi  |  

Payhawk, a global spend management solution, has launched in Lithuania and opened a local office in Vilnius. Having recently obtained an Electronic Money Institution (EMI) license from the Bank of Lithuania, the company is looking “to hire a team of finance professionals that will help… Read More

July 18, 2023 @ 10:38 pm By Omar Faridi  |  

FNZ, the global wealth management platform, has launched FNZ Yield Plus notes to provide professional investors such as corporates, pension funds, banks, insurance companies, asset managers and other institutional investors with a low-risk cash alternative and strengthen its global proposition. FNZ Yield Plus notes offer… Read More

July 18, 2023 @ 10:33 pm By Omar Faridi  |  

Euroclear, the global provider of financial market infrastructure, recently announced the completion of its acquisition of Goji. Euroclear announced its intent to acquire Goji on 12 December 2022. Financial terms of the transaction were “not disclosed.” The acquisition of Goji aligns “with Euroclear’s strategy of… Read More

July 18, 2023 @ 10:23 pm By JD Alois  |  

The Australian Securities and Investment Commission (ASIC) has canceled the Australian financial services (AFS) license held by FTX Australia Pty Ltd effective from 14 July 2023. FTX Australia is a subsidiary of FTX that is in bankruptcy in US courts. FTX Australia was placed into… Read More

July 18, 2023 @ 10:13 pm By Omar Faridi  |  

On July 13, 2023, the crypto and blockchain industry got “good news” when Judge Analisa Torres of the U.S. District Court for the Southern District of New York ruled that Ripple did “not violate securities law in selling its token (XRP) via public exchanges,” the… Read More

July 18, 2023 @ 10:11 pm By Omar Faridi  |  

Investlink, a registered investment Fintech in Kazakhstan, allows individuals to invest in stocks and ETFs, irrespective of their limited capital or investing background. The platform provides a wealth of educational resources and a diverse range of features, such as demo accounts and a “CopyTrading” functionality…. Read More

July 18, 2023 @ 4:57 pm By JD Alois  |  

The Financial Stability Board (FSB) has published its recommendations for the regulation of digital assets or crypto. The recommendations are described as follows: High-level recommendations for the regulation, supervision, and oversight of crypto-asset activities and markets; Revised high-level recommendations for the regulation, supervision, and oversight… Read More

July 18, 2023 @ 9:07 am By Omar Faridi  |  

Coin Metrics has taken a data-driven look at digital asset markets after a milestone ruling in the US Securities and Exchange Commission (SEC) v. Ripple Kyle Waters and Matias Andrade Cabieses from Coin Metrics noted in a detailed report that we’ve witnessed a significant development… Read More

July 18, 2023 @ 8:57 am By Omar Faridi  |  

We recently connected with Dr. Shira Brezis, CEO & Co-founder of Redefine, the “first” end-to-end security tech for DeFi investors. Dr. Shira discussed major issues financial institutions are concerned about regarding safety and security for web3 investing. Redefine helps enable secure transactions, monitor in real-time,… Read More

July 18, 2023 @ 8:49 am By JD Alois  |  

Online investment platform SeedBlink is raising money for Dronamics for the second time. SeedBlink is a European securities crowdfunding platform that seeks to list private securities for firms raising capital from VCs as well. SeedBlink is approved under ECSPR and thus can raise funds across… Read More

July 18, 2023 @ 8:22 am By Omar Faridi  |  

Gnosis announces the imminent release of Gnosis Pay and Gnosis Card. Gnosis Pay is reportedly the first decentralized payment network “allowing web3 developers to integrate with a range of traditional payment schemes including Visa, and onboard the next millions of uninitiated users to tap into… Read More

July 17, 2023 @ 10:47 pm By Omar Faridi  |  

Every quarter, Carta releases information on the startup ecosystem in their State of Private Markets report. It can take a few weeks for rounds to be recorded on their platform, so they produce a full analysis after they get the final numbers. However, Carta publishes… Read More

July 17, 2023 @ 10:45 pm By Omar Faridi  |  

Over the past year, the European P2P market has strengthened and exhibited a trend towards moderate growth, according to an update shared by Robocash. As noted in a blog post by Robo.cash, a survey conducted in 2022 revealed that 43% of platform users indicated “that… Read More

July 17, 2023 @ 10:39 pm By Omar Faridi  |  

Ubank – NAB’s digital only bank – has reached a major milestone, celebrating its first birthday since launching its new brand in market and the completion of its migration onto new technology to improve customer experience. Ubank CEO Philippa Watson said since NAB announced the intention… Read More

July 17, 2023 @ 8:38 pm By Omar Faridi  |  

The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – recently released a consultation document on its proposal to introduce a new standard condition for certain financial market license holders. The new license condition will “focus on business continuity and technology systems.” Operationally resilient… Read More

July 17, 2023 @ 4:46 pm By Omar Faridi  |  

Slide Insurance, the full-stack insurtech focused on providing affordable, effective homeowners coverage, announced it has finalized pricing for its latest catastrophe (cat) bond, closing the $100 million Purple Re Ltd. (Series 2023-2). This is the second cat bond sponsored by Slide this year, “following the… Read More

July 17, 2023 @ 12:44 pm By Omar Faridi  |  

The UK remains in a higher interest rate environment, with inflation remaining stubborn, the team at CrowdProperty noted. Recent headlines were centered around businesses (including some of the country’s biggest banks) being “challenged on profiteering in this market by dragging their feet on updating their… Read More

July 17, 2023 @ 10:58 am By JD Alois  |  

German financial regulator BaFin has launched an investigation targeting Blackfort Tech based in Estonia. In a consumer warning, BaFin said that the company offers banking business or provides financial and/or investment services on its website Blackfort.exchange, without the required authorization. Blackfort.exchange lists both an address… Read More