Global

May 30, 2023 @ 9:30 am By JD Alois  |  

The British Business Bank has agreed to an initial £75 million ENABLE Guarantee with Cynergy Bank, according to a statement by the bank. The funds will guarantee a term loan portfolio of commercial real estate assets. There is an option to increase the amount to… Read More

May 30, 2023 @ 9:21 am By JD Alois  |  

Mangopay, a payments infrastructure provider that is big in marketplaces, has hired Michal Jedraszak as Chief of Staff. Mangopay says the new position is part of a strategic push to expand services globally. Jedraszak is expected to oversee project management and governance, and drive cross-functional… Read More

May 30, 2023 @ 9:10 am By JD Alois  |  

Web3 payment platform Transak has raised $20 million in a Series A funding round led by CE Innovation Capital. Other investors included SBI Ven Capital, Sygnum, Azimut, Third Kind Venture Capital, UOB Venture Management, Signum Capital, Animoca Brands, Genting Ventures, Istari Ventures, No Limit Holdings,… Read More

May 30, 2023 @ 8:53 am By Omar Faridi  |  

Mintos have shared the latest updates on what their platform developers have been working. Mintos reveals recent improvements, feature developments, and “share the innovative solutions powering their platform.” This month, Mintos reportedly spoke to one of their engineers, Artis, a full-stack developer who started at… Read More

May 29, 2023 @ 5:12 pm By Omar Faridi  |  

Datasembly, the provider of real-time product pricing, promotions, and assortment data for retailers and CPG brands, announced it has secured $16 million in funding “led by Noro-Moseley Partners with participation from Grotech Ventures, Topmark Partners and Staley Capital.” Datasembly reportedly “provides critical software and tools… Read More

May 29, 2023 @ 1:26 pm By Omar Faridi  |  

The British Business Bank announced a Call for Proposals as part of the launch of the government’s Long-term Investment for Technology and Science (LIFTS) initiative. It seeks proposals from industry “for the establishment of new funds or investment structures to crowd in UK institutional investment,… Read More

May 29, 2023 @ 1:24 pm By Omar Faridi  |  

Eltropy, the digital conversations platform for community financial institutions, is excited to announce that Cyprus Credit Union has chosen Eltropy as its new partner to modernize the credit union’s digital communication strategy. Ashish Garg, co-founder and CEO of Eltropy, said: “We’re thrilled to welcome Cyprus… Read More

May 29, 2023 @ 12:12 pm By JD Alois  |  

Air EV says it has more than 400 pre-orders for its flagship personal aircraft, “eVTOL”  or electric vertical takeoff and landing vehicle. The company is currently raising growth capital on OurCrowd, an online investment platform. Air EV says the Air One eVTOL aircraft plans to… Read More

May 29, 2023 @ 12:03 pm By Omar Faridi  |  

UniCredit and Mastercard (NYSE: MA) announced a global expansion of their payment partnership. The agreement “sets the stage for the start of a strong partnership consistent with the UniCredit Unlocked strategy.” This is the first time any large commercial bank “has put in place a… Read More

May 29, 2023 @ 11:07 am By JD Alois  |  

Following an initial €2.5 million from the Bulgarian Development Bank’s (BDB) Capital Investment Fund in February, Evrotrust eID is now part of the national eID program in Bulgaria. Bulgarian individuals and businesses will be able to access EU public services digitally from their mobile phones…. Read More

May 29, 2023 @ 10:45 am By Omar Faridi  |  

Nordic Capital Advisors has announced the appointment of Mohit Agnihotri as a Partner. Mohit reportedly “has over two decades of investment banking, investing and consulting experience in Financial Technology, Payments and broader Software & Technology sectors.” He will now “become a key member of Nordic… Read More

May 28, 2023 @ 10:58 pm By Omar Faridi  |  

PensionBee, an online pension provider, has made it possible for more savers to move their pensions quickly and efficiently with the adoption of an additional transfer service. ViaNova is “an industry working group that sets consistent open standards across fund providers, pension providers and platforms… Read More

May 28, 2023 @ 8:08 pm By Omar Faridi  |  

IntellectEU, an innovator in digital finance and emerging technologies, is now an Amazon Web Services (AWS) services delivery partner. IntellectEU will “support migration of Swift infrastructure to AWS cloud and provide integration and deployment of API channels, along with ISO 20022 advisory services.” Sigrid Wiley,… Read More

May 28, 2023 @ 12:55 pm By Omar Faridi  |  

In response to the rapid emergence of new and powerful generative AI tools, on Thursday, UNESCO held the first global meeting of Ministers of Education “to explore the immediate as well as far-reaching opportunities, challenges and risks that AI applications pose to education systems.” Over… Read More

May 27, 2023 @ 5:57 pm By Omar Faridi  |  

From fragmented monitoring and enforcement to differing classifications of crypto assets, many barriers hinder global coordination on crypto-asset regulation efforts. A new study from the World Economic Forum identifies “the importance of a global approach to crypto-asset regulations and provides potential solutions to these barriers.”… Read More

May 27, 2023 @ 4:59 pm By Omar Faridi  |  

Barclays has announced that it is further developing its working capital offering by investing in and implementing Trade Ledger’s next-generation working capital orchestration platform. This new platform will “provide industry leading end-to-end credit management automation for Barclays Corporate clients in the UK and around the… Read More

May 27, 2023 @ 4:57 pm By Omar Faridi  |  

Paysend, the global card-to-card transfers pioneer and global payments platform, is announcing today a new partnership with global payroll platform Ontop, “enabling employers to make faster and more cost-effective salary payments to workers and contractors.” Paysend will power Ontop’s new payout-to-cards capability “for employee and… Read More

May 27, 2023 @ 4:46 pm By Omar Faridi  |  

As noted in an update from ubank, 80% of financially stressed young Aussies “are experiencing mental health impacts.” According to new YouGov research commissioned by ubank, there are “a number of concerning insights around the ways financial anxiety is impacting the mental and physical health… Read More

May 27, 2023 @ 8:27 am By Omar Faridi  |  

SolomonEdwards, a national professional services firm, is proud to announce the acquisition of 29Bison – a human capital advisory organization for the investment community – “specializing in performing due diligence, value optimization, and pre- and post-transaction services.” 29Bison reportedly “helps companies evaluate and design the… Read More

May 27, 2023 @ 8:26 am By Omar Faridi  |  

JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd.,  announced its partnership with global financial technology company SumUp, “to enable acceptance of JCB Cards across SumUp’s European merchant network.” With the return of international travel, the collaboration will “provide new opportunities of… Read More