Global

December 27, 2022 @ 11:27 am By Omar Faridi  |  

Iris Energy Limited (NASDAQ: IREN), an owner and operator of institutional-grade, highly efficient Bitcoin mining data centers powered by 100% renewable energy, recently announced that its 160MW of data center capacity is “not affected by the recent announcement by the Government of British Columbia.” On… Read More

December 27, 2022 @ 10:23 am By JD Alois  |  

The Autorité des Marchés Financiers (AMF) in France has posted an update on the number of bogus websites attempting to solicit investors with sketchy offerings.  The AMF reports that since the beginning of 2021, 20 websites have been added to the list while cautioning the… Read More

December 27, 2022 @ 9:14 am By JD Alois  |  

Beefordeal, a real estate crowdfunding platform based in France, has gained approval to operate under the European Crowdfunding Service Provider Regulations (ECSPR), thus offering securities across all European Union member states. Beefordeal claims to be the first property investment platform to be approved as a… Read More

December 26, 2022 @ 8:07 pm By Omar Faridi  |  

GoCredit received an investment grade (BBB) with Stable Perspective from one of the “leading” rating agencies in Mexico and Latin America: PCR Verum. According to GoCredit, the report highlights: Positive evolution in financial performance Increasing profitability Positive management of liquidity Good control over assets and… Read More

December 26, 2022 @ 7:00 pm By Timothy Li  |  

  I started these predictions series back in 2016. Looking at the Fintech landscape today, it seems like ages ago. Plaid had just raised their $44 million series B from Goldman Sachs. LendingClub’s $3 million loan doc alternation was the scandal of the year. It… Read More

December 26, 2022 @ 6:17 pm By Omar Faridi  |  

Keren Einhorn, Fund Manager at LendInvest (LSE: LINV), notes that as we started the year it felt like we were “putting the lockdowns and major impacts of the Covid pandemic behind us, and that 2022 could be the first straightforward year in a while.” Keren Einhorn… Read More

December 26, 2022 @ 5:39 pm By Omar Faridi  |  

Cowbell, the provider of cyber insurance for small and medium-sized enterprises (SMEs), recently announced the launch of its Cybersecurity Advisory Board (CSAB). Expertise on the CSAB “includes CISOs, cybersecurity visionaries, former military officers, writers, public speakers, and attorneys.” The creation of the board accelerates Cowbell’s… Read More

December 26, 2022 @ 3:47 pm By Omar Faridi  |  

Cryptocurrency exchanges allow us to buy, sell and store cryptocurrencies. Unfortunately, this has “enabled crypto exchanges to become a target for hackers,” according to an update shared with Crowdfund Insider. Since 2012, “at least 47 cryptocurrency exchanges suffered from major hacks forcing platforms to shut… Read More

December 26, 2022 @ 2:17 pm By Omar Faridi  |  

Deal activity (mergers & acquisitions [M&A], private equity, and venture financing deals) in the Asia-Pacific (APAC) region “continues to bear the brunt of the ongoing global geopolitical issues and volatile market conditions on the back of rise in the number of COVID-19 cases in some… Read More

December 26, 2022 @ 1:07 pm By Omar Faridi  |  

About 84% of exporters know about invoice factoring as it’s “one of the most common facilities offered by a trade finance company,” according to an update shared with CI. When exporters think about financing their business, “the two most common terms that come to mind… Read More

December 26, 2022 @ 11:47 am By Omar Faridi  |  

The team at Landbay notes that 2022 started with rising inflation and the Bank of England base rate “followed suit with interest rate increases.” That scenario has “continued throughout the year with steeper rises than many had predicted.” Inflation is “at a 40-year high of… Read More

December 26, 2022 @ 11:06 am By JD Alois  |  

While 2022 started strong, things went downhill from there. You name it, 2022 has been a tough year from Giga high inflation, the largest land war in Europe since WWII, the cost of energy rocketing higher, global strife, and pandemic stress…. geez… 2023 can only… Read More

December 26, 2022 @ 10:37 am By Omar Faridi  |  

83% of firms will increase spending “on operational excellence initiatives in 2023,” according to an update from Verdantix. AI [artificial intelligence] and machine learning are “increasingly being used by industrial firms to maximise data utility.” The report from Verdantix also mentioned that “the global skills… Read More

December 26, 2022 @ 8:41 am By Omar Faridi  |  

Huobi, which claims to be one of the world’s leading virtual asset exchanges, announced plans to issue the Huobi Visa Card worldwide, with the aim “to bring a more efficient fiat-to-crypto gateway for its users and promote the development of the virtual assets industry on… Read More

December 26, 2022 @ 8:39 am By Omar Faridi  |  

Cloudworkz, a B2B, subscription based platform that provides SMEs with in demand human capital, digital marketing and business services, has raised 150% (£827,280.64) of its £550,000 target via Crowdcube (at the time of writing) from 138 investors with 16 days left in the firm’s crowdfunding… Read More

December 26, 2022 @ 8:17 am By Omar Faridi  |  

In yet another step towards democratizing access to the world of cryptocurrencies in Latin America, Nubank (NYSE: NU) announced two more digital currencies as part of the Nubank Cripto experience, currently “available to more than 67 million of customers in Brazil.” Launched in May “with… Read More

December 26, 2022 @ 8:15 am By Omar Faridi  |  

Strata Identity, the Identity Orchestration Company, and HYPR, the Passwordless CompanyTM, announced a partnership that “enables phishing-resistant MFA to be added to any modern, legacy, or custom application without rewriting the source code.” This unique capability is “made possible via an abstraction layer that decouples… Read More

December 25, 2022 @ 10:56 pm By Omar Faridi  |  

Business management platform MYOB has partnered with Amaka in order “to roll out added inventory synchronisation capabilities for their existing Shopify + MYOB Business integration.” The inventory sync “allows MYOB Business users to maximize the functionality of MYOB’s recently released inventory management solution.” Pedram Afshar,… Read More

December 24, 2022 @ 5:38 pm By Omar Faridi  |  

Customers who have a Global Account with C6 Bank with a balance in euros have a new feature that “allows them to make international transfers in foreign currency.” The option, which was already available in the Global Dollar Account offered by C6 Bank, serves those… Read More

December 24, 2022 @ 10:37 am By Omar Faridi  |  

The FBI is warning the public that cybercriminals are using search engine advertisement services “to impersonate brands and direct users to malicious sites that host ransomware and steal login credentials and other financial information.” Cybercriminals purchase advertisements that “appear within internet search results using a… Read More