Global

August 12, 2022 @ 11:48 am By JD Alois  |  

OurCrowd, a leading global investment crowdfunding platform, has launched a new Foodtech fund – joining its portfolio of other funds available for smaller investors. According to the offering page, the OurCrowd FoodTech Fund (OC FoodTech) is seeking a raise of $30 million that will enable… Read More

August 12, 2022 @ 11:36 am By Omar Faridi  |  

Trovata, which automates cash reporting and forecasting via wholesale (and was set for the UK, and EU launch after a $27 million round in June 2022), recently announced the appointment of Lisa Gutu as VP of Business Development and Vladimir Pintea as VP of Open… Read More

August 12, 2022 @ 11:29 am By JD Alois  |  

Earlier this year, the UK FCA, PSR, CMA, and HM Treasury published a joint statement on the future of open banking (open finance), while announcing the creation of a joint regulatory oversight committee designed to improve adoption. The committee is co-chaired by the FCA Executive… Read More

August 12, 2022 @ 10:19 am By Omar Faridi  |  

Fraugster, a payment intelligence company, has been selected by epay “to pilot AI payment fraud prevention services.” epay is “a full-service payment provider” and the digital payments processing business segment of the financial technology solutions and payments provider Euronet Worldwide, Inc. (NASDAQ: EEFT). epay’s worldwide… Read More

August 12, 2022 @ 9:21 am By Omar Faridi  |  

LianLian Global, a cross-border payment service provider, announced the expansion of its cross-border digital payments platform to the UK, “with additional support for customers to secure financing through LianLian Global.” The LianLian Global cross-border digital payments platform is “designed to help UK ecommerce merchants and… Read More

August 11, 2022 @ 4:32 pm By JD Alois  |  

Structured.fi has launched its mobile service in El Salvador, a country that has embraced Bitcoin by making it legal tender. Millions in El Salvador are already using the Chivo digital wallet for transactions. Structured.fi is offering a platform that enables investing in both traditional and… Read More

August 11, 2022 @ 12:05 pm By JD Alois  |  

Ageras Group, based in Denmark, has raised €35 million from CIBC Innovation Banking, according to a corporate statement. Ageras, launched in 2012, has broadened its services over time and now provides a “financial cockpit” for small businesses, including banking accounting, invoicing, payroll, and more. announced… Read More

August 11, 2022 @ 11:36 am By Omar Faridi  |  

Appital, the Equity Capital Marketplace, announced it has “secured an additional £1.7 million investment from Frontline Ventures and various angel investors to bring technological innovation and automation to equity markets.” The investment “follows last year’s £2.5m round led by Frontline Ventures and additional funding from… Read More

August 11, 2022 @ 8:52 am By Omar Faridi  |  

NPIF – Maven Equity Finance, managed by Maven Capital Partners and part of the Northern Powerhouse Investment Fund, has “invested £250,000 in RiskSmart.” RiskSmart is currently “developing an integrated risk management platform that will make risk management simpler for SMEs by utilizing Machine Learning (ML)… Read More

August 11, 2022 @ 8:49 am By Omar Faridi  |  

The Bank of London, which claims to be the first “purpose-built” global clearing, agency, and transaction bank, recently announced its intention to expand its United States footprint by “opening its US Global Platform & Services headquarters in Charlotte, North Carolina, creating 350 new jobs by… Read More

August 11, 2022 @ 8:47 am By Omar Faridi  |  

Barclays Bank PLC and Microsoft Corp. (NASDAQ: MSFT) announced Barclays has “deployed Microsoft Teams as its preferred collaboration platform, powering collaboration for more than 120,000 colleagues and service partners in key locations around the globe.” Under the agreement, Barclays is “streamlining its existing communications and… Read More

August 10, 2022 @ 10:17 pm By Omar Faridi  |  

The Reserve Bank of Australia is collaborating with the Digital Finance Cooperative Research Centre (DFCRC) on a research project “to explore use cases for a central bank digital currency (CBDC) in Australia.” Considerable research has been “undertaken by central banks, including the Reserve Bank, into… Read More

August 10, 2022 @ 7:47 pm By Omar Faridi  |  

Western Union (NYSE: WU) recently announced an update to its existing partnership with Visa (NYSE: V), expanding its integration with Visa Direct, Visa’s real-time1 money movement network, “into Western Union’s United States network.” Western Union’s integration with Visa Direct was “initially activated across Europe, allowing Western… Read More

August 10, 2022 @ 4:42 pm By JD Alois  |  

As COVID lingered and the economy stumbled due to rapidly rising prices and geopolitical strife, investment in private UK firms continued unabated, hitting a record amount of £14.9 billion during the first half of 2022. These investments were led by the burgeoning Fintech sector that… Read More

August 10, 2022 @ 12:24 pm By JD Alois  |  

Mike Crosbie, Chief Business Officer of poundtoken (GBPT), an issuer of a British Pound-backed stablecoin, has distributed a comment on the Bank of England’s recent missives on crypto asset risks. Like other central government regulators, the Bank of England has been keenly observing the emerging… Read More

August 10, 2022 @ 8:36 am By Omar Faridi  |  

Paysend, the UK-based Fintech with over 7 million customers, recently announced that 50 new receiving countries have been “introduced to its global payments network since the start of 2022.” These additional payments corridors “mean that Paysend customers can now send money to over 170 countries… Read More

August 10, 2022 @ 8:27 am By Omar Faridi  |  

The team at UK’s Atom Bank reveals that they’ve become a Registered Firm with the Lending Standards Board, a body “dedicated to upholding fair practices in the lending industry.” Head of Business Lending at Atom Bank, Tom Renwick, has provided more details and “explains what… Read More

August 9, 2022 @ 11:04 pm By Omar Faridi  |  

Clara, the Latin American tech startup that offers an end-to-end corporate spend management solution for companies in the region, has announced an “approved” financing round from Goldman Sachs for “an initial $50 million with the option to upsize to $150 million.” The facility will “allow… Read More

August 9, 2022 @ 10:37 pm By Omar Faridi  |  

Open document and data platform specialist Legado has acquired the consumer and B2B bill management tech from WonderBill. Launched in 2016, London-based WonderBill “allowed consumers to manage all their household bills and subscriptions.” The company was “backed by Shell Ventures, Shell’s corporate venture capital arm.”… Read More

August 9, 2022 @ 10:03 pm By Omar Faridi  |  

Crypto.com, which claims to be the world’s “fastest-growing” cryptocurrency platform, announced that it has secured Electronic Financial Transaction Act and Virtual Asset Service Provider registration by “acquiring payment service provider ‘PnLink Co., Ltd.’ and virtual asset service provider ‘OK-BIT Co., Ltd.’.” Kris Marszalek, Co-Founder and… Read More