Global

February 15, 2023 @ 11:33 am By Omar Faridi  |  

Wahed has acquired iWill Solicitors, the UK pioneers “in Islamic wills, in a seven-figure transaction.” iWill Solicitors will “become a pillar of Wahed’s financial platform—helping ethical investors to secure the next generation.” Wahed also “acquires True Wills, a pioneering online Islamic will-writing service.” Wahed, a… Read More

February 15, 2023 @ 11:29 am By JD Alois  |  

The OurCrowd Global Investor Summit opened with Israeli President Isaac Herzog addressing the crowd at an event that claimed around 9000 registrations – the largest ever for OurCrowd. Attendees included over 1700 individual investors, 1000+ multi-national corporations, 630+ venture capitalists, and hundreds of members of… Read More

February 15, 2023 @ 9:07 am By Omar Faridi  |  

Plaid, the data network that powers the tools millions of people rely on to live a healthier financial life, and Okta, Inc. (NASDAQ: OKTA), the independent identity provider, announced a partnership and integration “to help thousands of banks and financial institutions adopt OAuth and APIs… Read More

February 15, 2023 @ 8:38 am By Omar Faridi  |  

Comun, a Latino-founded neobank that provides modern banking solutions for Latino families, announced it closed a $4.5M seed round led by Costanoa Ventures with participation from South Park Commons and FJ Labs. The company plans “to use the funds to build a financial hub with… Read More

February 15, 2023 @ 6:54 am By Omar Faridi  |  

The Financial Conduct Authority (FCA) has used its powers “to enter and inspect several sites around Leeds suspected of hosting illegally operated crypto ATMs.” The FCA gathered evidence from several sites “around the city as part of a joint operation with West Yorkshire Police’s Digital… Read More

February 15, 2023 @ 4:20 am By JD Alois  |  

Earlier today the UK government announced its monthly inflation data which indicated the Consumer Prices Index (CPI) rose by 10.1% in the 12 months to January 2023, down from 10.5% in December 2022 – a slight improvement. On a monthly basis, CPI fell by 0.6% in… Read More

February 15, 2023 @ 3:51 am By Omar Faridi  |  

Starling Bank is rolling out its first savings product for small businesses offering a competitive fixed interest rate of 2.5% “over one year on balances of £2,000 or more.” The new 1-Year Business Fixed Saver is “built seamlessly into the app.” Account holders can “transfer… Read More

February 14, 2023 @ 11:27 pm By Omar Faridi  |  

In this month’s Mintos Insight, the team at Mintos takes a look at how major asset classes performed in 2022 and how this has “impacted growth in January 2023.” For multiple asset classes, it was a year of “record lows.” Sanctions against Russia (due to… Read More

February 14, 2023 @ 11:01 pm By Omar Faridi  |  

Driverly is pleased to announce it has received direct authorization from the Financial Conduct Authority (FCA) “to sell car insurance after a thorough review of its processes and governance structure.” This is believed “to be the first successful FCA application centred solely around a monthly,… Read More

February 14, 2023 @ 9:05 pm By Omar Faridi  |  

In January, PeerBerry investors funded EUR 52.44 million of loans and received EUR 734 689 in interest. 1495 new investors joined the platform last month, the team at PeerBerry reveals. The average annual ROI (without loyalty interest) on PeerBerry in January “was 11.11%.” At the… Read More

February 14, 2023 @ 3:38 pm By JD Alois  |  

  This week, top global investment marketplace OurCrowd is holding its Global Investor Summit in Israel. The event is the largest of its kind as investors and entrepreneurs from around the world to convene to discuss opportunities in innovative private firms. For the first time,… Read More

February 14, 2023 @ 3:13 pm By Omar Faridi  |  

Cushon’s primary products are its workplace ISA and master trust pension – which offers an investment strategy “designed to drive down the financed CO2 emissions of customers’ investments.” It also offers Junior and Lifetime ISAs, as well as “a general investment account.” The intended acquisition… Read More

February 14, 2023 @ 10:47 am By Omar Faridi  |  

Atlantic Money announced the completion of its pan-European launch. The service is now officially “available across 29 countries and allows users to send up to £/€1mn for a fixed fee of £/€3.” The completion of the EU launch “comes hot on the heels of its… Read More

February 14, 2023 @ 9:01 am By Omar Faridi  |  

The Nordic fintech company Lunar, which is a modern alternative to traditional banks, raises 35 million EUR “to invest in and develop the business and reach profitability even faster.” Founder and CEO of Lunar Group, Ken Villum Klausen, says: “The capital markets that we and… Read More

February 14, 2023 @ 7:55 am By Omar Faridi  |  

Landytech is pleased to announce the completion of its Series A funding of $6m. The funding has been “raised primarily from Adelie Capital and Greenwood Way Capital, a number of family offices and financial influencers also participated in the funding round.” Landytech is a fintech… Read More

February 13, 2023 @ 11:35 pm By Omar Faridi  |  

FIS (NYSE: FIS), a global player in financial services technology, announced plans “to pursue a tax-free spin-off of its Merchant Solutions business to strengthen its strategic and operational focus, capitalize on growth opportunities and unlock shareholder value.” The two companies “expect to maintain a strong commercial… Read More

February 13, 2023 @ 8:25 pm By Omar Faridi  |  

Nium expands its payments platform with ‘zero-Deduction’ wire transfers for payroll and procurement. Nium’s enhanced offering includes: Zero-Deduction fee structures, allowing no-limit ‘zero-deduction’ wire transfers through OUR, or shared costs through SHA structures; Payouts via wire transfers in 7 major global currencies, including USD, EUR,… Read More

February 13, 2023 @ 7:07 pm By Omar Faridi  |  

Arrcus, the hyperscale networking software company and a leader in core, edge and multi-cloud network infrastructure, announced the close of a financing round “that brings to $50 million the total capital raised since the last venture financing round.” Prosperity7 Ventures is leading the Series D… Read More

February 13, 2023 @ 2:12 pm By Omar Faridi  |  

Jumio, the provider of automated, end-to-end identity proofing, risk assessment, and eKYC solutions, has partnered with international gaming operator Sisal “to streamline KYC for its players online.” Based in Italy, Sisal currently “operates in Italy, Morocco, and Turkey, with a range of offerings that includes… Read More

February 13, 2023 @ 12:28 pm By Omar Faridi  |  

The new digital identity framework would provide EU citizens “with digital access to key public services across EU borders,” according to Members of European Parliament (MEPs). The Industry, Research and Energy Committee adopted its position “on the proposed update of the European digital identity framework… Read More