Global

March 2, 2023 @ 9:35 am By JD Alois  |  

The French Autorité des marchés financiers (AMF) is cautioning the public on trading bots in the Forex sector. The AMF states these are not authorized platforms and they frequently target French overseas departments and territories. The AMF states that it has recently seen an uptick… Read More

March 2, 2023 @ 9:25 am By JD Alois  |  

FOLK2FOLK, a peer-to-peer lending platform, has joined the Financial Intermediary & Broker Association (FIBA). As a member, the P2P lender will be able to expand its broker network for its loans. Adam Tyler,  FIBA executive chairman, said their lending partners are carefully selected, and the… Read More

March 2, 2023 @ 8:44 am By Omar Faridi  |  

Salv, the Regtech start-up founded by former Wise and Skype employees, announces the strengthening of its senior management team “with the appointment of Lauri Haav as Chief Growth Officer (CGO), Gristel Tali as Chief Product Officer (CPO), Maarja-Liis Mitri as Chief Financial Officer (CFO), and… Read More

March 2, 2023 @ 8:03 am By Omar Faridi  |  

Funding Circle (LSE:FCH) has published its Preliminary Results for the year ended 31 December 2022. Funding Circle reports Group total income (guidance) of £140m – £155m; £148.7m for FY 2022; and £206.9m for FY 2021. And Adjusted EBITDA (guidance) of Positive Adjusted EBITDA; £6.8m for… Read More

March 2, 2023 @ 7:59 am By Omar Faridi  |  

Wise (LSE:WISE), the global technology company building the best way to move and manage money is rolling out a new look and feel. This comes as the company announced that it has “reached 16 million customers served worldwide, and revealed plans for further global expansion.”… Read More

March 1, 2023 @ 9:24 pm By Omar Faridi  |  

Board, a global provider of Intelligent Planning Solutions which help organizations plan smarter, enabling actionable insights and better outcomes, announced it has been selected by Nationwide, the world’s “largest” Building Society, in order “to transform financial planning.” Nationwide decided on Intelligent Planning from Board, in… Read More

March 1, 2023 @ 9:03 pm By JD Alois  |  

Uplinq, a global credit & scoring assessment platform for small business lenders, has partnered with SME Finance Forum – an entity that is managed by the International Finance Corporation (IFC), a part of the World Bank Group. SME Finance Forum was established by the G20 Global… Read More

March 1, 2023 @ 8:10 pm By Omar Faridi  |  

Tietoevry has completed a major systems’ upgrade for Chip Card, member of Payten, one of the leading payments processors in the Republic of Serbia. With electronic payments becoming more popular in Serbia and adjacent markets, Chip Card worked with Tietoevry “to implement an upgraded Card… Read More

March 1, 2023 @ 12:31 pm By JD Alois  |  

Air (Airev Aero) is an Israeli startup that aims to bring commuter aircraft to the masses. Air is currently accepting reservations for the drone-like, electric aircraft, which is expected to start at $150,000 once it goes into production. Recently during OurCrowd’s Annual Global Investor Summit,… Read More

March 1, 2023 @ 11:24 am By Omar Faridi  |  

Thought Machine, the cloud-native banking technology company, announces the next phase of its expansion plans, in which it will increase its global headcount by more than 20% in 2023, which includes hiring in India, Japan and other world regions for the first time. The company… Read More

March 1, 2023 @ 10:56 am By JD Alois  |  

Klarna, a buy now pay later platform, posted 4th quarter and full year 2022 results yesterday. Pointing to a challenging market, Klarna shared that it had lost SEK 10.4 billion (about $1 billion) for the year and lost SEK 1.9 billion (about $182 million) during… Read More

March 1, 2023 @ 10:35 am By JD Alois  |  

Digital securities enabler Tokeny has added the Avalanche blockchain to its platform in a move designed to “bring institutions a seamless and secure solution for issuing, managing, and transferring tokenized securities on the Avalanche blockchain.” Avalanche claims to be the fastest, most reliable smart contracts… Read More

March 1, 2023 @ 10:23 am By JD Alois  |  

Thunes, a payments and transfers Fintech, has announced a new head of Latin America. Victor Lucena will now lead the Fintech in its efforts to expand its services. As Head of LATAM, Lucena will manage all aspects of Thunes Latin American operations. He will be… Read More

March 1, 2023 @ 10:15 am By JD Alois  |  

Joining the climate disclosure bandwagon, Tide claims it has become the first Fintech in the world to remove 100% of emissions. Tide is a business finance Fintech that has also committed to becoming fully Net Zero by 2030. Tide has issued three climate pledges: Pledge… Read More

March 1, 2023 @ 9:27 am By JD Alois  |  

Revolut, a UK-based digital bank, has reported its first full-year profit. Revolut has published its Annual Report, which tracks operations for the year ending December 2021. According to the report, Revolut generated £636 million in revenue during 2021, delivering £26.3 million to the bottom line…. Read More

March 1, 2023 @ 8:47 am By Omar Faridi  |  

The Bank of Israel has issued a framework providing international payment service providers access to regulated payment systems in Israel. Effective immediately, this framework “enables such entities to provide services to the public in Israel, relying on a license issued in a foreign country.” The… Read More

March 1, 2023 @ 8:19 am By Omar Faridi  |  

Payment firms Visa (NYSE: V) and Mastercard (NYSE: MA) are reportedly taking a step back from forming new partnerships with cryptocurrency-focused companies. This, after the collapse of major businesses operating in the nascent industry. As first reported by Reuters, the crypto-assets sector experienced somewhat of… Read More

March 1, 2023 @ 1:00 am By JD Alois  |  

New British Business Bank research indicates that challenger and specialist banks provided £35.5 billion in lending during 2022. This means that challenger/specialist banks garnered a 55% share of the market. One would expect that many of these financing platforms are Fintechs. The data is part… Read More

February 28, 2023 @ 11:19 pm By Omar Faridi  |  

lettingaproperty.com says it’s on a mission “to become the go-to destination for renting.” The firm has raised 105% of its £850,003 target via Seedrs at the time of writing. As noted in the update, the offer is set to be closing soon.  At present, £900,284… Read More

February 28, 2023 @ 8:55 pm By JD Alois  |  

Online investment and financing platform Estateguru is reporting having topped €500 million in loans in the Baltics. EstateGuru is an investment platform that enables individual investors to participate in secured loan offerings. The peer to peer platform launched in 2014 enabling property developers to borrow… Read More