Global

July 25, 2023 @ 11:45 am By JD Alois  |  

Dalmore Group is a broker-dealer that provides tech-enhanced services for private companies that are looking to raise money online. Providing assistance to companies raising capital under  Reg CF, Reg A+, and Reg D, Dalmore reports more than 1000 companies have utilized their services, raising over… Read More

July 25, 2023 @ 10:28 am By JD Alois  |  

Global private equity and venture capital deals with a valuation of one billion dollars are more are experiencing their slowest-ever year since 2019, according to S&P Global Market Intelligence. For the year until July 13th, there have been 33 deals at $99.47 billion. During Q2,… Read More

July 25, 2023 @ 8:45 am By Omar Faridi  |  

Cross-border advisory firm Quantuma is delighted to announce its role in delivering the sale of Clausematch, a RegTech company, to Ireland-based Corlytics. The transaction was successfully “delivered by Quantuma’s Adrian Howells, Managing Director and George Fawcett, Assistant Manager, along with David Schreiter and Stephan Werner… Read More

July 25, 2023 @ 8:00 am By Omar Faridi  |  

One of the biggest challenges faced by regulated and non-regulated companies is assessing whether or not another business is “safe to work with,” according to an update from ComplyAdvantage. Existing approaches rely “on manual research across multiple siloed sources.” This is time-consuming and “fails to… Read More

July 24, 2023 @ 11:25 pm By Omar Faridi  |  

Providing easy access to essential ESG reporting standards enables auditors “to provide assurance over ESG reporting.” Wolters Kluwer Corporate Performance & ESG (CP & ESG) (EURONEXT: WKL) has “added ESG standards, tailored to support Internal Audit workflow and practices, to its cloud-based TeamMate+ global audit… Read More

July 24, 2023 @ 9:59 pm By JD Alois  |  

EstateGuru, a platform that matches borrowers with investors, has provided a half year update on its activities. The company reported that during the first 6 months of the year, EstateGuru has financed 269 separate real estate projects raising €44 million. During the same period, investors… Read More

July 24, 2023 @ 4:36 pm By Omar Faridi  |  

Transaction volumes across US supply chains grew at their fastest pace in more than two years as domestic trade activity showed renewed signs of resilience following a recent slump, according to an update from TradeShift. Data from Tradeshift’s Q2 Index of Global Trade Health shows… Read More

July 24, 2023 @ 12:23 pm By JD Alois  |  

The Prudential Regulation Authority (PRA), part of the Bank of England, has assessed a “record fine” on Credit Suisse due to its exposure to Archegos Capital Management. Archegos collapsed spectacularly in 2022 leaving losses of billions of dollars. The failure has led to both criminal… Read More

July 24, 2023 @ 10:42 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) published final guidance on the new Consumer Duty initiative last year. Firms are expected to implement the requirements by the end of this month. Consumer Duty sets a “standard of care” for financial services firms in retail markets aiming… Read More

July 24, 2023 @ 10:26 am By JD Alois  |  

Profitable digital bank bunq has raised more money. According to a note from the firm bunq has received €44.5 million at a pre-money valuation of €1.65 billion.  In 2021 bunq raised €193 million at the same valuation. Bunq was founded by Ali Niknam after he… Read More

July 24, 2023 @ 9:45 am By Omar Faridi  |  

Tink, which claims to be one of Europe’s leading open banking platforms, reveals research finding that “an estimated 40% of people in the UK would like their bank to offer tools to track their environmental impact.” Based on a survey of over 2,000 UK consumers… Read More

July 24, 2023 @ 8:55 am By Omar Faridi  |  

Atlantic Money, the provider of fixed fee international money transfers, marks its one-year anniversary by releasing its inaugural company figures. The fintech has achieved significant milestones “in both transfer volume and cost savings, solidifying its position in the market.” During its first year of operation,… Read More

July 24, 2023 @ 8:37 am By Omar Faridi  |  

Mediobanca Group, Italy’s largest investment bank, has signed a partnership with Founders Factory, the London-based global company builder and early-stage investor, to launch a new fintech venture studio and accelerator. This joint venture, underpinned by an overall €12 million investment from Mediobanca, will facilitate innovation… Read More

July 24, 2023 @ 6:17 am By JD Alois  |  

This past April, CI held a webinar on Impact Investing – a growing concept within the broader investment ecosystem. Sectors of investment frequently include Green investments and sometimes social issues like housing or underserved communities. If you want to invest via public markets, Fintech Betterment… Read More

July 24, 2023 @ 12:34 am By Omar Faridi  |  

Kuflink Group PLC has reportedly entered a £35 million debt facility that has recently been placed by European Risk Capital LLP (ERC) along with Paragon Bank. The revolving credit facility, which is now secured on a portfolio of bridging and development loans, reportedly offers Kuflink… Read More

July 23, 2023 @ 11:38 pm By Omar Faridi  |  

dLocal has reportedly been licensed by Brazil’s central bank to serve as a payments institution in the South American country. This license, roughly equivalent to the European e-money issuer license, “allows dLocal to accept deposits from the public, manage e-wallets, and participate directly in Brazil’s… Read More

July 23, 2023 @ 11:35 pm By Omar Faridi  |  

Flash, Egypt’s cashless payments app, completed a $6 million seed round led by Addition along with participation from Flourish Ventures and other angel investors. This funding from the investment round will be used “to accelerate the startup’s product development and customer & business acquisition in… Read More

July 23, 2023 @ 10:41 pm By Omar Faridi  |  

Following 2 successful pilots, the UK Financial Conduct Authority’s (FCA) Digital Sandbox will be “made available permanently on 1 August 2023, opening up the platform to an even broader range of innovative businesses, start-ups and data providers.” The Digital Sandbox is a testing environment that… Read More

July 23, 2023 @ 10:31 pm By Omar Faridi  |  

European investment platform Bondora says it remains committed to improving the credit industry for all customers. Pärtel Tomberg, CEO and Founder of Bondora, has said: “So far, we have issued credit agreements in accordance with the law and previous guidelines. We don’t foresee significant changes… Read More

July 23, 2023 @ 10:19 pm By JD Alois  |  

Nova Money is another artificial intelligence (AI) firm that has entered the financial services sector. The company is offering a service that leverages AI to forecast an individual’s future financial situation to help people make better decisions. The company also plans to raise capital online… Read More