Global

March 23, 2023 @ 4:08 pm By Omar Faridi  |  

SAP Fioneer, which claims to be a leading global provider of financial services software solutions and platforms, has announced the launch of “Fioneer Embedded Finance as a Service” (EFaaS), which is described as the world’s “first” B2B embedded finance platform facilitating orchestration between SAP users… Read More

March 23, 2023 @ 10:03 am By JD Alois  |  

The Bank of England’s Monetary Policy Committee has increased its Bank Rate by 25 basis points, echoing the move by the US Federal Reserve, which did the same yesterday. Unlike the Fed, the vote was not unanimous in a 7-2 majority decision. The MPC said… Read More

March 23, 2023 @ 8:44 am By Omar Faridi  |  

Cryptocurrency ATM operator General Bytes says a certain vulnerability allowed a hacker to drain around $1.5 million. The General Bytes team also confirmed that their Cloud servers were breached. In a blog post, the firm noted that on the night of 17-18 March, it was… Read More

March 23, 2023 @ 8:36 am By Omar Faridi  |  

Billie, the provider of Buy Now, Pay Later (BNPL) payment solutions for business customers, and Mollie, which claims to be one of the fastest-growing payment service providers in Europe, have launched their pan-European partnership in order to bring Buy Now, Pay Later payment solutions to… Read More

March 23, 2023 @ 8:34 am By Omar Faridi  |  

Berlin-headquartered B2B-focused Buy Now, Pay Later Fintech Mondu is reportedly opening a new office in London and appointing a UK-based professional sales team. The recent UK launch has come on the heels of the firm’s ongoing expansion into the Netherlands as well as Austria, offering… Read More

March 23, 2023 @ 8:27 am By Omar Faridi  |  

Telegram users are now able to send Tether’s USDT stablecoin to each other. As part of a recent notification, the messaging app provider told its users that the app’s wallet feature can support USDT-TRON, commonly referred to as the TRC-20 standard. The ability to accept… Read More

March 23, 2023 @ 8:02 am By Omar Faridi  |  

ID Finance has announced a €30M investment “led by a leading UK-based asset manager, Kingsway Capital.” The transaction “has been officially endorsed by the Spanish Council of Ministers, after obtaining a favorable review from the External Investment Board, thus officially becoming the biggest investment inflow… Read More

March 22, 2023 @ 11:17 pm By Omar Faridi  |  

Qolo, which claims to be one of the leading omnichannel payments and card issuing processors, recently announced its partnership with PayQuicker, a key player focused on financial technology solutions for the global payouts market, in order “to provide unified disbursement services to PayQuicker and its… Read More

March 22, 2023 @ 10:33 pm By Omar Faridi  |  

Arf, the Swiss-regulated global settlement banking platform, with support from the Stellar Development Foundation, is now offering what it claims is “the world’s first unsecured, short-term, USDC-based working capital financing solutions for licensed financial institutions.” Making cross-border payments faster, cheaper, and more transparent and inclusive… Read More

March 22, 2023 @ 10:28 pm By Omar Faridi  |  

At Two, they’re working relentlessly to make B2B transactions as frictionless as consumer payments. Now they’re pleased to announce their €18 million Series A investment round. This brings our total capital raised “to €28 million, previously unannounced.” This funding round was “led by Shine Capital,… Read More

March 22, 2023 @ 8:49 pm By Omar Faridi  |  

The Mastercard Engage partner network helps connect customers with technology partners “to build innovative guest checkout and point-of-sale solutions that deliver consumer choice.” Mastercard continues “to enable greater payments acceptance, nearly doubling its number of acceptance locations to more than 90 million in the last… Read More

March 22, 2023 @ 12:14 pm By Omar Faridi  |  

Estonia-based crypto startup CryptoWallet.com has reportedly become one of the first crypto companies to receive a stamp of approval from Estonia’s Financial Intelligence Unit (FIU). CryptoWallet.com claims it “renewed its crypto license despite strict regulatory measures introduced last year to maintain compliance and transparency within… Read More

March 22, 2023 @ 12:10 pm By JD Alois  |  

Green Angel Syndicate (GAS) says its 5th Climate Change Fund has raised a record amount in record time. The fund is said to be almost 2X the prior fund. Green Angel did not disclose the amount of the fund, which is an EIS vehicle, but… Read More

March 22, 2023 @ 11:52 am By JD Alois  |  

The UK delivered some unwanted news today as inflation delivered a number that was hotter than anticipated – bucking a recent downward trend. The UK Office of National Statistics reported that the consumer price index (CPI) increased by an annual 10.4%. This was above expectations… Read More

March 22, 2023 @ 11:36 am By JD Alois  |  

Payments platform Checkout.com has announced a new service offering both physical and digital cards for its customers. The new service was announced at Thrive, Checkout.com’s annual customer event. Clients of the Fintech may now create custom cards while Checkout.com gains another revenue stream. The moves… Read More

March 22, 2023 @ 9:26 am By JD Alois  |  

As the US stumbles in crafting bespoke regulation for digital assets, Circle, the issuer of dollar-based stablecoin USDC, has applied to be regulated in France. France crafted digital asset regulation some years ago in an attempt to provide clarity for firms looking to offer crypto…. Read More

March 22, 2023 @ 9:06 am By Omar Faridi  |  

Digital securities firm Securitize and digital asset wealth platform Onramp Invest announced the beginning of broadened and distributed access to tokenized private equity funds from leading investment firms, including Hamilton Lane (NASDAQ: HLNE). Beginning now and expanding over the coming weeks, “at least four private… Read More

March 22, 2023 @ 8:23 am By Omar Faridi  |  

Given the recent market landscape, which has been fraught with geopolitical tensions, rampant inflation, interest rate hikes, and generally volatile conditions, Estateguru management decided “to increase the capital reserves of the company at the start 2023, and raised additional capital from its founders, existing shareholders… Read More

March 22, 2023 @ 8:21 am By Omar Faridi  |  

Card issuing and processing pioneer Enfuce has teamed up with UK neobanking start-up Science Card in order to launch a payments card, which forms “part of a new infrastructure for funding scientific research, designed to create the future earlier rather than later.” Science Card’s customers… Read More

March 22, 2023 @ 8:19 am By Omar Faridi  |  

MoneyLion (NYSE: ML), a Fintech offering personalized services, has announced the rebrand of “Even Financial,” the embedded finance platform for enterprise businesses, to “Engine by MoneyLion.” The Engine by MoneyLion brand is “designed to reflect the expanded breadth and capabilities of the combined company, while continuing… Read More