Global

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

January 9, 2023 @ 10:17 pm By Omar Faridi  |  

ChatGPT—the recently launched language processing AI model developed by OpenAI—has been “wowing users with its uncanny abilities to hold conversations, write essays, and even program computers,” according to an update shared with CI. However, the real value of conversational AI for digital commerce companies “lies… Read More

January 9, 2023 @ 9:42 pm By Omar Faridi  |  

UK pension holders will increasingly be “seeking to move retirement funds overseas as fears grow about the Budget in March,” predicts the Investment Director of an independent financial advisory, asset management and fintech organization. The warning from James Green of deVere Group comes “ahead of… Read More

January 9, 2023 @ 4:34 pm By JD Alois  |  

The Autorité des Marchés Financiers (AMF) in France has published its priorities for 2023. AMF Chair Marie-Anne Barbat-Layani included working to enhance retail investor protection, pursuing sustainable finance as well as financial innovation during the next 12 months. “The AMF is the regulator of Europe’s… Read More

January 9, 2023 @ 11:02 am By JD Alois  |  

As was previously reported, the bankruptcy proceedings of FTX and its affiliated entities have included a decision to sell certain entities or subsidiaries that have remained solvent during and after the collapse of FTX. A prime example is LedgerX, a firm that was acquired by… Read More

January 9, 2023 @ 10:18 am By Omar Faridi  |  

The European P2P market is expected to lower its growth in 2023 “as financial institutions grapple with inflation,” according to an update from Robo.cash. Robocash analysts see several possible scenarios for the European P2P market development in 2023. The baseline scenario “implies that the market… Read More

January 9, 2023 @ 9:00 am By Omar Faridi  |  

Crowdfund Insider recently caught up with Kadan Stadelmann, a blockchain developer, operations security professional and Komodo Platform’s chief technology officer. Komodo is described as “an open, composable blockchain platform.” With a multi-chain design, Komodo is focused on “providing fully composable blockchain solutions for independent developers,… Read More

January 9, 2023 @ 8:59 am By JD Alois  |  

Property in London continues to be a hot asset class. In fact, according to a recent report, prime central London property sales have increased by 48% in the past three years. The information was provided by the property investment platform CapitalRise as well as Savills…. Read More

January 8, 2023 @ 8:07 pm By Omar Faridi  |  

Starling Bank expects to “more than quadruple its pre-tax profits in its Annual Results for the year ending 31 March 2023.” According to an update shared with CI, the bank “generated annualized pre-tax profits of more than £250 million on the back of almost £600… Read More

January 8, 2023 @ 4:54 pm By Omar Faridi  |  

FLEETCOR Technologies, Inc. (NYSE: FLT), a global business payments company, completed the acquisition of Global Reach Group, a UK-based cross-border payments provider. With the acquisition, FLEETCOR “increases its cross-border payments scale and strengthens its position as a leading non-bank B2B global cross-border payments provider.” Global… Read More

January 7, 2023 @ 5:07 pm By Omar Faridi  |  

More than half (51%) of consumers in the United Kingdom believe physical wallets will become a lot less relevant as virtual payments continue to grow in adoption. This, according to the latest research shared by Mastercard (NYSE: MA). Mastercard teamed up Central Saint Martins on… Read More

January 6, 2023 @ 1:13 pm By JD Alois  |  

A survey addressing private capital markets – think investment crowdfunding, venture capital, and private equity – was completed this past month. And respondents have overwhelmingly indicated they are interested in private markets – in fact, more so than publicly traded firms, according to the results…. Read More