Global

April 9, 2023 @ 11:57 pm By Omar Faridi  |  

In March, the total investments on Mintos saw “a surge of €90.7 million worth of Notes funded, with interest earned by investors amounting to €4.3 million.” This was largely “driven by a decrease in pending payments.” The average interest rate for March “was 12.6%, resulting… Read More

April 9, 2023 @ 11:47 pm By Omar Faridi  |  

The team at Bondora says that they truly believe in working hard and “celebrating hard.” Each update, no matter how small, should be acknowledged, the Bondora team added. And there were some significant milestones to celebrate in Q1 of 2023, the firm reveals. Bondora celebrated… Read More

April 9, 2023 @ 11:28 pm By Omar Faridi  |  

Loop is designed to enhance the UK’s informal money sharing market and “offers consumers a genuine alternative to the UK’s £10bn overdraft market.” As noted in a blog post, Tandem Bank is strengthening its strategy “to build the UK’s greener, digital bank with the acquisition… Read More

April 9, 2023 @ 10:30 pm By Omar Faridi  |  

Bybit, which claims to be one of the world’s “most visited” crypto exchanges, is pleased to announce the launch of its new AI program: Tools Discovery. This groundbreaking AI-powered engine “brings smart trading to life with personalized product and strategy recommendations, which are tailored to… Read More

April 9, 2023 @ 9:52 pm By Omar Faridi  |  

In March, PeerBerry investors reportedly funded €65.53 million of loans, “i.e., €10.23 million or 18.5% more than the previous month.” In March, their investors “received €877 001 in interest.” 1071 new investors joined the platform last month. The average annual ROI on PeerBerry “in March… Read More

April 9, 2023 @ 3:01 pm By Omar Faridi  |  

Railsr, the embedded finance platform, has announced the appointment of Philippe Morel as Chief Executive Officer, Debbie Lotz as Chief Financial Officer and Nick Charteris as Chief Operating Officer. Philippe will report directly to Rick Haythornthwaite, Chair of the Board. Philippe Morel was “the CEO… Read More

April 9, 2023 @ 2:36 pm By Omar Faridi  |  

Debitum has shared key updates including the number of assets (loans) pooled into Asset-Backed Securities by Loan Originator In March, the Debitum platform reportedly “offered to place investments in 10 ABS programs consisting of 175 loans.” The total number of assets “at the end of… Read More

April 9, 2023 @ 2:29 pm By Omar Faridi  |  

After a “quiet” February, Robocash slightly increased volumes and continue “to provide you with a stable income.” The platform has reportedly “exceeded 600 M euros of purchased loans since the launch of Robo.cash.” Changes in the Refer a Friend Program From March 10, 2023, the… Read More

April 8, 2023 @ 4:56 pm By Omar Faridi  |  

Várri Consultancy, an independent management consulting boutique specialising in strategy, risk and governance advisory, is pleased to announce it has signed an agreement with Clausematch, a technology company developing solutions for regulatory compliance. This is reportedly “the first collaboration with a business in the Middle… Read More

April 8, 2023 @ 4:53 pm By Omar Faridi  |  

ID.me, the secure digital identity network, announced that more than 100 million Americans have signed up for an ID.me Digital Wallet to speed access to services and benefits. ID.me’s Wallet implements “a verify-once-anywhere, get-frictionless-access-everywhere approach to login and identity.” This milestone “represents significant progress toward… Read More

April 8, 2023 @ 11:46 am By Omar Faridi  |  

Mastercard (NYSE: MA) announced it is accelerating efforts to remove first–use, PVC plastics from payment cards on its network by 2028. This move further “reinforces the company’s sustainability commitments and scales the accessibility of more sustainable card offerings for consumers seeking a way to reduce… Read More

April 8, 2023 @ 10:39 am By Omar Faridi  |  

Eleven new sustainability-focused start-ups joined Societe Generale’s (GLE.PA) flagship Global Markets Incubator (GMI) dedicated “to developing ground-breaking solutions for the financial industry.” From a selection pool of over 140 applicants, these start-ups are “addressing some of the finance industry’s biggest ESG concerns, including carbon emissions… Read More

April 7, 2023 @ 4:09 pm By Omar Faridi  |  

CoreChain Technologies, the embedded B2B payments network built on distributed ledger technology, announced the launch of its direct-to-customer payments automation product, CoreChain Pay. The “secure,” digital, and Cloud-based system allows companies “to eliminate paper checks, reduce fraud risk, simplify vendor payments, and increase profits, while… Read More

April 7, 2023 @ 1:16 pm By Omar Faridi  |  

CrowdProperty, an online property lending platform, has raised 103% (£414,271) of its £400,009 target via Seedrs (at the time of writing) from 403 investors with 5 days left in the firm’s crowdfunding campaign. CrowdProperty has utilized the services of Seedrs multiple times in the past…. Read More

April 7, 2023 @ 12:29 pm By Omar Faridi  |  

The Celo Foundation is pleased to announce a new partnership with Google Cloud in order to bolster the growth of mission-aligned projects in Celo’s blockchain ecosystem and to expand the early adoption of Google Cloud services. As cLabs’ preferred Cloud provider, Google Cloud’s secure and… Read More

April 7, 2023 @ 12:28 pm By Omar Faridi  |  

MEPs approved stricter rules “to close existing gaps in combating money laundering, terrorist financing and evasion of sanctions” in the European Union. This past week, MEPs from the Economic and Monetary Affairs and Civil Liberties, Justice and Home Affairs committees “adopted their position on three… Read More

April 7, 2023 @ 11:58 am By JD Alois  |  

Sway, a new payments platform that dodges costly card transactions, is preparing to raise money in a securities offering listed on Seedrs. While not live yet, Sway is taking emails for “priority access” when the offering is available. Sway was launched based on the idea… Read More

April 7, 2023 @ 10:12 am By Omar Faridi  |  

Nium, the global payments infrastructure for on-demand money movement, announced the appointment of Volker Steinle as Senior Vice President and General Manager, Americas. Steinle will be responsible “for accelerating sales and revenue growth in the region, building an exceptional go-to-market team, and engaging customers and… Read More

April 7, 2023 @ 8:53 am By Omar Faridi  |  

Apis Growth Fund II, a private equity fund managed by Apis Partners LLP, a UK-based asset manager, today announces its proposed investment of €29M (US$31M) in Baobab Payments GmbH (trading as Peach Payments), a digital payment service provider that enables online payments in Africa. Completion… Read More

April 7, 2023 @ 8:51 am By Omar Faridi  |  

Patrick Kavanagh, CEO and co-founder of fixed fee money transfer app Atlantic Money, steps down from his position “to become Non-Executive Director and remain for the company as an advisor.” Neeraj Baid, co-founder and former Chief of Product, “takes over the role of the CEO…. Read More