Global

October 6, 2022 @ 12:48 pm By Omar Faridi  |  

Argentina-based Fintech firm Uala will reportedly be investing $150 million over the upcoming 18 months in order to support its virtual banking business, primarily in Mexico and Colombia. This, according to company CEO Pierpaolo Barbieri (whose comments came during a recent interview with Reuters). The… Read More

October 6, 2022 @ 11:42 am By JD Alois  |  

In a letter sent to the Chair of the Committee on Economic and Monetary Affairs of the European Parliament, the European Council said it approved of the Parliament’s position on the Markets in Crypto Assets (MiCA) directive as it stands and it will be adopted… Read More

October 6, 2022 @ 11:07 am By Omar Faridi  |  

Global network and Infrastructure-as-a-Service pioneer Transaction Network Services (TNS) announced a partnership with Blue Ocean Technologies (BOT), owner and operator of the Blue Ocean ATS, a global alternative trading system (ATS) that “operates from 8pm to 4am EDT.” Blue Ocean ATS will “leverage TNS’ robust… Read More

October 6, 2022 @ 10:33 am By JD Alois  |  

Proplend, an online lending platform that allows individual investors to partiipate in commercial property loans, has appointed a new Chairman of the Board. According to a note from Proplend, Jason Oakley is the new Chair. Oakley was most recently the Managing Director of Metro Bank…. Read More

October 6, 2022 @ 10:18 am By JD Alois  |  

This past July, payments Fintech Payoneer (NASDAQ: PAYO) reports that it surveyed 4,200 Ukrainian SMEs who are clients of the company that also work with customers outside of Ukraine. According to Payoneer, businesses in Ukraine remain resilient, persevering even as the unprovoked war with Russia… Read More

October 6, 2022 @ 9:45 am By Omar Faridi  |  

Santander UK has announced the launch of My Home Manager in the Santander mobile app, a new comprehensive service “for mortgage customers designed to assist with all aspects of their home, including: viewing their home value estimate and mortgage balance; checking their home’s Energy Performance… Read More

October 6, 2022 @ 9:11 am By JD Alois  |  

Real estate crowdfunding platform CrowdProperty says it has topped £600 million in property projects, after a “record-breaking” September. During the month, CrowdProperty lent £14.3 million to enable the construction of residential property developments by small and medium-sized developers across the UK. When comparing the same… Read More

October 6, 2022 @ 8:08 am By Omar Faridi  |  

SWIFT has reportedly shown that Central Bank Digital Currencies (CBDCs) and tokenized assets can “move seamlessly on existing financial infrastructure – a major milestone towards enabling their smooth integration into the international financial ecosystem.” The findings, from two separate experiments, “solve the significant challenge of… Read More

October 6, 2022 @ 8:06 am By Omar Faridi  |  

Smart money app Plum is reportedly launching its third crowdfunding round after acquiring £5 million in debt financing from Silicon Valley Bank. Plum previously conducted a public campaign on Crowdcube that managed to acquire $8 million in additional capital along with a $24 million Series… Read More

October 5, 2022 @ 11:36 pm By Omar Faridi  |  

On Sept. 28, during the Token2049 event in Singapore, MEXC Exchange officially announced at the MEXC afterparty “M&M Launcher” that its fund was officially “upgraded to M-Ventures and a new management team.” The upgraded M-Ventures is “a comprehensive fund committed to empowering innovations in the… Read More

October 5, 2022 @ 10:10 pm By JD Alois  |  

Bank North, a UK hybrid bank that only gained its banking license in late 2021 is calling it quits, according to multiple reports. Bank North co-founder Richard Baker posted on LinkedIn this past week that the challenger bank “has failed to raise the capital it… Read More

October 5, 2022 @ 9:16 pm By Omar Faridi  |  

Storepay, which claims to be the first Buy Now, Pay Later (BNPL) financial tech service provider in Mongolia that allows customers to make payments over time without extra fees, has announced the listing of its token, SPC, on LBank. With over 400,000 registered users, two… Read More

October 5, 2022 @ 12:35 pm By Omar Faridi  |  

Payhawk, the “fast-growing” spend management platform combining company cards, reimbursable expenses, and accounts payable in one solution, recently announced the launch of a business credit card in the UK. This new release “follows its launch of credit cards for US businesses in September this year,… Read More

October 5, 2022 @ 11:24 am By JD Alois  |  

Global Cannabis Holdings (GCH) is a Luxembourg-based operation that is investing in Cannabis companies around the world. While the Cannabis business has been around for good while, GCH is taking a different approach by issuing tokens to fund the investments in its portfolio firms and… Read More

October 5, 2022 @ 8:11 am By JD Alois  |  

British Patient Capital states that it has pledged €25 million to Finch Capital’s Europe Fund III. The Fund is now closed. Finch Capital is the UK and Netherlands-based VC firm. This Fund will focus on European Fintech firms that are deemed to have solid growth… Read More

October 5, 2022 @ 8:01 am By Omar Faridi  |  

Ebury, a global fintech, is pleased to announce that it has become a member of Amazon’s Payment Service Provider Program “meaning that sellers using Amazon sites can continue to collect payments in different regions and currencies through Ebury’s platform.” The Program was “introduced by Amazon… Read More

October 5, 2022 @ 7:55 am By Omar Faridi  |  

Mastercard (NYSE: MA) has launched Crypto Secure, which is described as “a first-of-its kind technology solution designed to bring additional security and trust to the digital ecosystem.” Crypto Secure “combines insights and technology from CipherTrace with proprietary information to help card issuers stay compliant with… Read More

October 4, 2022 @ 10:14 pm By Omar Faridi  |  

Genesis Global, the low-code application development platform purpose-built for financial markets organizations, announced that the Genesis platform will “provide a new trade automation and client portal system for Itaú Securities.” The Genesis solution will “consolidate trade and portfolio information, improving the experience offered to clients… Read More

October 4, 2022 @ 9:51 pm By Omar Faridi  |  

Societe Generale – one of Europe’s leading financial services groups, which supports its clients in their environmental and energy transition by providing responsible and innovative financing solutions – and Altalurra Ventures – a fund investing in technological start-ups with an positive impact – “are investing… Read More

October 4, 2022 @ 9:00 pm By JD Alois  |  

Anchorage Digital, a federally chartered bank serving institutions interested in digital assets, has announced an expansion into Asia. According to a corporate statement, Anchorage has partnered with Bitkub, Dream Trade, FBG Capital, GMO-Z.com Trust Company, IOSG Ventures, and Antalpha. These entities will be utilizing Anchorage… Read More