Global

March 18, 2023 @ 11:52 am By Omar Faridi  |  

Xapo Bank now supports near-instant pounds Sterling payments and from the United Kingdom. Xapo Bank confirmed in a blog post that they are pleased to announce that they have joined the Faster Payment System (FPS). This means their members can now “send Pounds Sterling directly… Read More

March 18, 2023 @ 11:51 am By Omar Faridi  |  

Klarna, a global payments provider and shopping service, announced the launch of conscious badges in the Klarna App in collaboration with Clarity AI, the global sustainability tech platform. Klarna continues “to evolve beyond payments to become a starting point for every purchase for 150 million… Read More

March 18, 2023 @ 11:46 am By Omar Faridi  |  

GoCardless, a global firm focused on bank payment solutions, has integrated with Zapier, the key player supporting no-code automation, in order “to help businesses save time and energy when managing their payments.” Businesses can now “build Zaps — Zapier’s automated workflows — for GoCardless, eliminating… Read More

March 17, 2023 @ 4:52 pm By Omar Faridi  |  

Digital asset firm Copper is pleased to announce the successful completion and certification of their SOC2 Type 2 assessment. Tim Neill, Chief Risk Officer at Copper, said: “I am delighted to share with you that Copper has been awarded a significant certification: SOC 2. The… Read More

March 17, 2023 @ 3:43 pm By JD Alois  |  

Lano, a Germany-based Fintech that provides global payroll services, is raising growth capital on OurCrowd. At the recent OurCrowd Investor Summit, CI had a chance to chat with founders Markus Schneemann and Aurel Albrecht. The two entrepreneurs shared that Lano currently can provide payroll services… Read More

March 17, 2023 @ 11:11 am By Omar Faridi  |  

Vouch reportedly joins peers like Fintech Unicorn Brex in order to support Silicon Valley Bank (SVB) and “reinforce the startup ecosystem’s health and stability.” In an effort to ensure the ongoing health and stability of the startup ecosystem, Vouch announces its commitment “to continue working… Read More

March 17, 2023 @ 10:57 am By Omar Faridi  |  

Belgium’s Minister of Telecommunication and Minister of Justice signed the ministerial decree, allowing Telenet to use Onfido’s AI-powered technology to verify customer identity securely. Onfido, the global provider of automated digital identity verification, announced a partnership expansion with BASE, a telecommunication operator and a subsidiary… Read More

March 17, 2023 @ 8:56 am By Omar Faridi  |  

Cross-border payments platform CurrencyFair has announced a partnership with international payments company Thunes, who will support CurrencyFair to offer its money transfer services in 25 new currencies, including Mexican peso, which has now gone live. This represents “a growth in current markets of more than… Read More

March 16, 2023 @ 6:20 pm By Omar Faridi  |  

We recently connected with Oren Barzilai, CEO at EquityBee, the startup employees’ stock options funding solution. Oren Barzilai from EquityBee talked about what led to them compiling their latest report on startups. Barzilai also discussed how common stock options have become at startups. In addition… Read More

March 16, 2023 @ 3:29 pm By JD Alois  |  

Stripe, a leading Fintech in the payments and transaction sector, has raised $6.5 billion (€6.15 billion) at a $50 billion (€47 billion) valuation. The “Series I” round took a significant haircut from its last round. In 2022, Stripe raised money at a $74 billion valuation. … Read More

March 16, 2023 @ 11:02 am By JD Alois  |  

Neobank PayStand is looking to provide an alternative to bank cash management following the collapse of several banks and the ongoing panic regarding regional/smaller banks. First, Silvergate Bank failed, followed by Silicon Valley Bank and First Republic. The ensuing fear, uncertainty, and doubt pushed people… Read More

March 16, 2023 @ 9:22 am By JD Alois  |  

Pointing at persistent inflation, the European Central Bank (ECB) has increased benchmark rates by 50 BPS. The Governing Council of the ECB said it decided to raise the three key interest rates by 50 basis points. Accordingly, the interest rate on the main refinancing operations… Read More

March 16, 2023 @ 8:36 am By JD Alois  |  

Credit Suisse (NYSE:CS) has taken “decisive action” to buttress its balance sheet by tapping into a CHF 50 billion ($54 billion) loan from the Swiss National Bank. (SNB) In recent days, shares of Credit Suisse had been hammered by speculation that the bank was in… Read More

March 16, 2023 @ 8:17 am By Omar Faridi  |  

Nium, a global transfers and payments Fintech, and Travel Ledger, a B2B settlement network for the travel industry, have announced a strategic agreement to bring innovative payments solutions to travel businesses worldwide. Nium’s single platform for global payments and card issuing provides banks, fintechs, payment… Read More

March 16, 2023 @ 8:14 am By Omar Faridi  |  

Fintech firm Hokodo joins forces with French international banking group BNP Paribas in order to deliver a frictionless B2B Buy Now, Pay Later (BNPL) solution that “enables large multinational corporates to provide payment alternatives to their business customers.” Together, BNP Paribas and Hokodo will “offer… Read More

March 16, 2023 @ 8:11 am By Omar Faridi  |  

Cashlink, the Frankfurt-based Fintech providing infrastructure for tokenized assets, has closed a Series A funding round in the mid-seven-figure range. New investors on board “include Swiss venture capitalist TX Ventures, as well as Futury Capital, Beteiligungs-Managementgesellschaft Hessen and several business angels.” In addition, existing investors… Read More

March 15, 2023 @ 11:17 pm By Omar Faridi  |  

Traditional payments monitoring systems often do not detect money mules’ movements as they secure illicit funds from financial institutions. To address this problem, NICE Actimize, a NICE business (Nasdaq: NICE), announced its cloud-first Money Mule Defense Solution designed “to detect, investigate and prevent mule account… Read More

March 15, 2023 @ 10:47 pm By Omar Faridi  |  

ACI Worldwide (NASDAQ: ACIW), the global firm focused on mission-critical, real-time payments software, announced a partnership with financial technology company RedAbierta in order “to power real-time payments in Honduras.” RedAbierta, the central infrastructure provider in Honduras, will “leverage two ACI solutions — ACI Enterprise Payments… Read More

March 15, 2023 @ 10:40 pm By Omar Faridi  |  

L4 Venture Builder, an independent investment fund with capital for investments in the ecosystems of innovation and entrepreneurship will take a minority stake in Vermiculus Financial Technology, “specialized in providing technology to exchanges, clearinghouses, and CSDs.” Both sides have “signed an agreement defining the terms… Read More

March 15, 2023 @ 7:11 pm By Omar Faridi  |  

Wirex, a crypto payments platform, has partnered with card issuer, Novatti, to directly issue cards to Australians. The announcement has the potential “to allow over 20 million people to utilize their innovative multicurrency card every day.” Wirex claims that it “developed the world’s first crypto-enabled… Read More