Global

February 23, 2023 @ 12:29 pm By Omar Faridi  |  

FinanZero, the online credit marketplace in Brazil, announces that it has reached 40 million loan applications made through its platform to date. FinanZero was “founded in São Paulo in 2016 by Swedish entrepreneurs Olle Widén and Kristian Jacobsson together with Swedish-Brazilian investment firm Webrock Ventures.”… Read More

February 23, 2023 @ 12:26 pm By Omar Faridi  |  

We recently connected with Ruben Merre, Co-founder and CEO at NGRAVE. a digital asset security provider focused on making the safest, most reliable products in the blockchain industry. Ruben Merre talked about how centralized crypto exchanges and online digital currency wallets may not be the… Read More

February 23, 2023 @ 7:56 am By Omar Faridi  |  

Spoke.ai, the AI-powered tool suite founded by early N26 employees, has secured a €2 million pre-seed round. The investment round was “led by byFounders, with participation from Possible Ventures and a syndicate of experienced operators.” The funds will be “used to start onboarding the 500+… Read More

February 23, 2023 @ 7:53 am By Omar Faridi  |  

After an official tender process to procure a prepaid payment card service, the State Treasury of Finland and Kela (the Social Insurance Institution of Finland) awarded the contract to Finnish issuer processor Enfuce. The State Treasury of Finland, Kela, and Enfuce “signed the five-year contract… Read More

February 23, 2023 @ 2:20 am By Omar Faridi  |  

Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, infrastructure and data solutions, and Eurex Frankfurt AG, the European derivatives exchange, announced that they have “entered into a commercial partnership in which TT will offer direct access to the Eurex EnLight… Read More

February 22, 2023 @ 11:14 pm By Omar Faridi  |  

ALMIS International is pleased to announce that GB Bank, which was awarded their full banking license in August 2022, have chosen “to add additional ALMIS International products as it continues to drive forward its ambitious growth plans.” Having already trusted ALMIS International for their ALM… Read More

February 22, 2023 @ 10:42 am By JD Alois  |  

Wise (LSE:WISE) has announced a partnership with G-P (Globalization Partners), a global employment platform. Wise will now enable the payments of freelancers and contractors around the world. Wise is a top payments and transfers provider that is also an emerging stealth bank. By working with G-P,… Read More

February 22, 2023 @ 8:30 am By JD Alois  |  

Tokeny Enables another Digital Security with VC Fund. Emprendeduros has launched a tokenized VC fund. Co-founded by entrepreneurs Rodrigo Navarro and Alejandro Salomon, Emprendeduros is a media firm/podcast series that has developed a popular Spanish entrepreneurship show with up to 1.2 million weekly listeners. As… Read More

February 22, 2023 @ 8:10 am By Omar Faridi  |  

The Financial Stability Board (FSB) published a report on the financial stability risks of Decentralised Finance (DeFi). DeFi is commonly “used to describe services in crypto-asset markets that aim to replicate some functions of the traditional financial system in a supposedly decentralized manner – though… Read More

February 22, 2023 @ 8:08 am By Omar Faridi  |  

Klink Finance, a crypto startup based in London, has received its initial authorization to offer its cryptocurrency services across the European Union. Klink is “building a Prize Linked Wallet that offers cryptocurrency investors the opportunity to store their funds and earn regular rewards on top… Read More

February 22, 2023 @ 8:06 am By Omar Faridi  |  

Socotra announces a major drive into the European insurance markets, with an initial focus on the UK, DACH, France, and others, “following strong growth in 2022, including a 71% revenue increase, a 75% growth in customers, and a 117% YoY increase in policies managed on… Read More

February 21, 2023 @ 11:17 pm By Omar Faridi  |  

New data from Barclays, which sees nearly half of the nation’s debit and credit card spending, reveals that “a record 91.2 per cent of all eligible card transactions were made using contactless payments last year – a sign that consumers and businesses are continuing to… Read More

February 21, 2023 @ 9:32 pm By Omar Faridi  |  

2023 is “proving” to be an exciting year for the VeChain Foundation. They have many tech developments “in the pipeline, including a near-term deployment of some ground-breaking tools that promise to lower barriers to entry and elevate the VeChainThor ecosystem even further.” Their mission has… Read More

February 21, 2023 @ 6:22 pm By JD Alois  |  

TP24 is a new digital lender that provides credit secured by borrowers’ invoices. The company’s mission is to solve lending challenges by “offering flexible funding solutions … without the hassle of traditional credit providers.” CI had the chance to connect with Zurich-based TP24 during the… Read More

February 21, 2023 @ 10:56 am By JD Alois  |  

According to Cynozure, a data and analytics consultancy, 27% of financial services firms in the UK do not have the right people with the correct skills to maximize the value of data at their firms. Cynozure bases this information on research undertaken by Obsurvant between the… Read More

February 21, 2023 @ 9:55 am By Omar Faridi  |  

Smart, the London-headquartered fintech disrupting the global retirement savings market, has published its annual Future of Global Retirement report. This year’s report “looks at how knowledge, attitudes and concerns about retirement savings have progressed.” The report “includes findings from more than 8,000 savers across the… Read More

February 21, 2023 @ 9:13 am By JD Alois  |  

European digital asset manager Coinshares (Nasdaq Stockholm: CS) has reported Q4 results. According to the company, Q4 revenue was £14.5 million versus Q4 2021 of £41.9 million. For the full year, revenue was £72.6 million versus 2021 at £151.8 million. Income for the quarter was… Read More

February 21, 2023 @ 8:59 am By JD Alois  |  

Reskube Ltd, a remote working platform based in the UK, has listed a securities offering on Crowdcube seeking to raise £500,000 at an £8 million pre-money valuation. Investors will receive a 5.88% stake in the firm. Currently, the offering is in the private offering stage,… Read More

February 21, 2023 @ 8:06 am By Omar Faridi  |  

Berlin-based Pliant claims it is looking back at a very successful year 2022. While entering seven additional European markets, it also “recorded a sixfold growth of its customer portfolio.” With the closing of this Series A investment round, the company is “now setting itself up… Read More

February 21, 2023 @ 8:05 am By Omar Faridi  |  

The Financial Conduct Authority (FCA) is seeking views on “what regulatory change might help the UK’s asset management industry innovate, better support the investors it serves and boost competition.” The UK is a leading center for asset management, “with over £11 trillion of assets managed… Read More