Global

January 12, 2023 @ 9:57 am By Omar Faridi  |  

The team at Bondora notes that 2022 ended strong “with impressive numbers across [their] portfolios.” December reportedly had “the highest loan originations and investment figures, over €1M in recoveries, and more.” In December, 1,500 new investors joined Bondora. Investors have “earned more than €88M in… Read More

January 12, 2023 @ 9:49 am By Omar Faridi  |  

The year 2022 was by far the most “eventful” year for the crypto market, according to Jack Tan, the Co-founder of WOO Network. According to Jack Tan of the WOO Network, the industry that has been struggling for years to get mass adoption “took back-to-back… Read More

January 12, 2023 @ 8:54 am By Omar Faridi  |  

The team at Debitum notes that the last month of 2022 “has brought positive and growing results for Debitum platform.” In December 2022, Debitum Asset-Backed Security offer “increased to 12 – TRIPLE DRAGON had 25 underlying assets in 5 ABSs, FLEXIDEA had 2 ABSs with… Read More

January 12, 2023 @ 8:50 am By Omar Faridi  |  

Coincover – the digital asset protection technology company – announces the appointment of Katharine Wooller as Business Unit Director, bolstering the firm’s profile with her extensive expertise. The news concludes a year of steady growth for the company, “just months after Coincover launched its new… Read More

January 11, 2023 @ 11:47 pm By Omar Faridi  |  

In Q3 2022, Insurtech companies globally “raised $1.6 billion in VC across 134 deals, representing a 51.1% decrease in QoQ deal value,” according to an update from Pitchbook. This was “the lowest amount of invested capital since Q2 2020 and the lowest deal count since… Read More

January 11, 2023 @ 11:27 pm By Omar Faridi  |  

New Kriya (previously MarketFinance) research shows high levels of awareness of Embedded Finance among UK B2B SMEs. But with implementation intent being 3 years on average, “this means thousands of UK firms are leaving money on the table,” the report from Kriya reveals. UK SME… Read More

January 11, 2023 @ 6:09 pm By Omar Faridi  |  

The team at Coinmetrics has released the State of DeFi Tokens in 2023 Report. Authored by Matías Andrade and Kyle Waters, the Coinmetrics report reveals that decentralized finance (DeFi) is “a rapidly growing application of blockchain technology that aims to provide financial services, such as… Read More

January 11, 2023 @ 12:26 pm By Omar Faridi  |  

TSB is warning that around a quarter (25%) of fraud victims could be “denied reimbursement under the Payment Systems Regulator’s proposed refund mechanism, due to be introduced next year.” TSB claims it has long-campaigned “for higher fraud protections across the banking industry – and in… Read More

January 11, 2023 @ 12:00 pm By JD Alois  |  

Quasar has raised $5.4m in a bridge round at a $70 million valuation, according to a note from the firm. The funding round was led by Shima Capital alongside returning investors Polychain Capital, Blockchain Capital, HASH CIB, and Osmosis founder Sunny Aggarwal. New investors include… Read More

January 11, 2023 @ 11:49 am By JD Alois  |  

A filing submitted yesterday to the bankruptcy court handling FTX has questioned the involvement of Sullivan & Cromwell as the bankruptcy counsel. The document claims that: “Sullivan & Cromwell is not only an inappropriate candidate for appointment as the FTX Group’s bankruptcy counsel—it is a… Read More

January 11, 2023 @ 8:54 am By Omar Faridi  |  

40Seas, a Fintech platform for cross-border trade financing, has raised $111 million to deliver a much more efficient and cost-effective financing framework for SMEs involved in global commerce. The company’s $11 million seed funding round, “led by Team8 with participation from ZIM Integrated Shipping Services… Read More

January 11, 2023 @ 8:52 am By Omar Faridi  |  

HighRadius, which claims to be the global leader in Autonomous Finance Platforms for the Office of the CFO, announced their new office in Kraków, Poland. HighRadius is “headquartered in Houston, Texas, and this will be their fifth regional office in Europe, after London, Amsterdam, Frankfurt,… Read More

January 11, 2023 @ 8:48 am By Omar Faridi  |  

Tide, the UK’s business banking platform, has announced the appointment of Vinay Ramani to the new role of Chief Product Officer. Vinay will drive Tide’s vision “for its global product strategy, broaden Tide’s small business-focused offering in the UK and India, and progress Tide’s members’… Read More

January 10, 2023 @ 11:57 pm By JD Alois  |  

Apperio, a provider of legal spend analytics and matter-tracking software, has raised $7 million in a funding round led by VC Molten Ventures. Total funding for Apperio now stands at $19.9 million. Other investors in the round include Notion Capital, IQ Capital, Nextlaw Ventures, Volution,… Read More

January 10, 2023 @ 11:47 pm By Omar Faridi  |  

BNP Paribas announces a strategic investment in AccessFintech, which claims to be a leading fintech company “evolving the capital markets’ operating model through data and workflow collaboration.” The investment is being “made by BNP Paribas’s Securities Services unit, the bank’s post-trade arm.” It will “enable… Read More

January 10, 2023 @ 11:35 am By Omar Faridi  |  

Eric Chen, CEO and co-founder of Injective Labs, and core contributor to Injective, has shared insights with CI about how the FTX contagion is upending investments in DeFi projects and what to expect for the future of digital assets. Injective recently announced a $40M funding… Read More

January 10, 2023 @ 9:53 am By JD Alois  |  

Lemonway, a top European Fintech, is reporting solid results for 2022, with volumes jumping by 39% during the year. Lemonway is a pan-European payments provider targeting marketplaces, including alternative finance platforms looking for payment processing, wallet management, and third-party payments, along with anti-money laundering (AML)… Read More

January 10, 2023 @ 9:30 am By JD Alois  |  

As part of its most recent Global Economic Prospects report, the World Bank is predicting a sharp and difficult downturn for developing countries which may result in a global recession. The World Bank notes this could be the first time that two global recessions have… Read More

January 10, 2023 @ 8:09 am By Omar Faridi  |  

The team at Superscript is pleased to announce the completion of their £45 million ($54m USD) Series B funding round. The investment round was “led by existing investor BHL UK, owner of Comparethemarket, with participation from new investor and Fortune 500 insurer The Hartford.” Other… Read More

January 9, 2023 @ 11:47 pm By Omar Faridi  |  

Oxford Ionics – the startup solving the critical scalability issues facing the future of quantum computing, has raised £30 million in Series A funding from some of the “world’s leading” quantum and tech investors. The investment round was “led by Oxford Science Enterprises and Braavos… Read More