Global

January 25, 2023 @ 8:37 am By Omar Faridi  |  

2022 was an impactful year in “the fight against ransomware,” according to an update from Chainalysis. Ransomware attackers extorted “at least $456.8 million from victims in 2022, down from $765.6 million the year before.” As always, they have to caveat these findings by noting “that… Read More

January 25, 2023 @ 8:28 am By Omar Faridi  |  

Criminals have always found efficient ways “to launder the proceeds of their crimes and avoid increasingly stringent anti-money laundering regulations,” according to an update from CertiK. One such technique, uncovered by CertiK, poses “a direct threat to Web3 projects.” Criminal organizations are using this scheme… Read More

January 24, 2023 @ 11:37 pm By JD Alois  |  

CrowdProperty says it has recently undertaken a review of the rates of return offered on their first-charge secured property development projects as part of CrowdProperty’s ongoing commitment to platform investors. Following the review, CrowdProperty has boosted rates of returns for new projects launched on the… Read More

January 24, 2023 @ 11:20 pm By JD Alois  |  

Plum, a smart money app, has expanded services into in five new European countries including Italy, Portugal, the Netherlands, Greece, and Cyprus. Plum has been available in the UK, France, Spain, Ireland and Belgium. Founded in 2016 by Victor Trokoudes, Plum automates parts of personal… Read More

January 24, 2023 @ 6:53 pm By Omar Faridi  |  

FV Bank, the U.S. licensed global digital bank that offers a vertically-integrated suite of traditional and digital asset banking and custody services to Fintech and blockchain firms, has announced “the launch of their cross-border foreign exchange (FX) payments service for its U.S. and international account… Read More

January 24, 2023 @ 3:03 pm By JD Alois  |  

In November 2021, pan-European crowdfunding rules became actionable after approval by the European Union in 2020. Under the new rules, or European Crowdfunding Service Providers Regulation (ECSPR), a platform may raise up to €5 million from investors in all member states. This opens up investment… Read More

January 24, 2023 @ 11:47 am By JD Alois  |  

Wefunder, one of the largest securities crowdfunding platforms in the US, has received regulatory approval to operate in the European Union. Wefunder is the first Funding Portal to cross the Atlantic and gain approval to provide online capital formation services. Wefunder has been sharing its… Read More

January 24, 2023 @ 11:10 am By JD Alois  |  

Female-founded Fintech Twinco Capital has announced a $12 million funding round led by Quona Capital. The funding provided both debt and equity capital. Working Capital, as well as existing investors Mundi Ventures and Finch Capital, participated in the round, with Zubi Capital providing the venture… Read More

January 24, 2023 @ 10:57 am By Omar Faridi  |  

Milestone Group, the global provider of Oversight and Backup NAV solutions to the investment management industry, has announced that the UK’s largest independent Authorised Corporate Director (ACD), Link Fund Solutions, will “adopt its pControl™ Oversight platform.”: pControl™ Oversight will “allow Link Fund Solutions (LFS) to… Read More

January 24, 2023 @ 10:42 am By JD Alois  |  

LendInvest (LSE:LINV) has announced a partnership with the British Business Bank to aid in the building of more homes, financed by HSBC, according to a note from the Fintech. LendInvest states that HSBC will provide £100 million for LendInvest’s development finance program. The project is… Read More

January 24, 2023 @ 10:24 am By JD Alois  |  

Creditspring is reporting an increase in demand which they are attributing to the rapid increase in the cost of living, which is expected to continue in 2023. Creditsrping said that during the last 12 months, 260,000 borrowers sought credit on the platform, with “members” increasing… Read More

January 24, 2023 @ 10:06 am By Omar Faridi  |  

BIGG Digital Assets Inc. (CSE: BIGG), owner of Netcoins, the online cryptocurrency brokerage that makes it easy for North Americans to buy, sell, and understand cryptocurrency, and Blockchain Intelligence Group, a developer of blockchain technology search, risk-scoring and data analytics solutions, is pleased “to report… Read More

January 24, 2023 @ 9:04 am By Omar Faridi  |  

SCRYPT Digital, the Swiss-regulated company offering a single point of access into digital assets for institutions, has been chosen by Kiln, the tech provider behind the first enterprise-grade liquid staking protocol, in order “to provide a seamless on/off-ramping service for its treasury.” The partnership will… Read More

January 24, 2023 @ 8:03 am By Omar Faridi  |  

The team at ThinCats are pleased to announce that they provided £302 million of funding to businesses in 2022. In total, ThinCats has “lent more than £1.3bn to businesses across the UK while assets under management stand at a record £675m.” Despite a challenging economic… Read More

January 24, 2023 @ 8:00 am By Omar Faridi  |  

Metro Bank has launched a digital car loan product under the RateSetter brand to enter the sizeable and growing vehicle financing UK market. The loans are hire purchase loans “for used cars and are currently available through motor brokers using market-leading RateSetter technology.” CarFinance 247… Read More

January 24, 2023 @ 7:54 am By Omar Faridi  |  

Okredo, an open data platform that merges open data, open banking, and credit bureau functionalities, aims to give SMEs in the UK a competitive advantage by “offering access to the most recent data about other UK businesses.” Okredo will start by “introducing business linkages reports,… Read More

January 23, 2023 @ 11:42 pm By Omar Faridi  |  

Nova Credit UK, a wholly owned subsidiary of Nova Credit, has received the requisite scope of permissions in order “to provide credit references in the UK from the Financial Conduct Authority (FCA).” Through its Nova Passport technology, the firm intends “to make it easier, faster… Read More

January 23, 2023 @ 10:25 pm By Omar Faridi  |  

SEBA Bank, a licensed digital assets bank regulated in Switzerland, has announced an innovative offering for its clients. SEBA Bank is “shaping the future of finance, simplifying crypto banking for its clients, whether traditional or crypto-savvy investors.” Clients are “the focus at SEBA.” SEBA claims… Read More

January 23, 2023 @ 10:21 pm By Omar Faridi  |  

PrimaryBid, the capital markets Fintech bringing individual investors into public company fundraisings, has appointed Fiona Richards as Chief Operating Officer. Ms Richards joins PrimaryBid “from Rowan Dartington, the discretionary investment arm of St. James’s Place plc, where she was Chief Operating Officer and Board Director… Read More

January 23, 2023 @ 8:49 pm By Omar Faridi  |  

The PensionBee Impact Plan has been created in collaboration with BlackRock, specifically in response to PensionBee customer feedback. This is an innovative new product which delivers active impact investing “to mainstream investors; through the PensionBee Impact Plan savers are able to invest in companies whose… Read More