Global

June 30, 2022 @ 8:23 am By Omar Faridi  |  

Further, a London-headquartered firm, has introduced its investment platform, developed to connect retail investors with “high-quality” VC funds, at scale and with minimum investment levels “never seen before in the market.” This should allow new retail investors to invest in venture funds, from as low… Read More

June 30, 2022 @ 8:19 am By Omar Faridi  |  

Debt resolution tech company Ophelos has acquired £5 million in capital via a seed funding round that was reportedy led by AlbionVC. Vast Ventures, Form Ventures, Connect Ventures and Fly Ventures and angels including GoCardless co-founder Matt Robinson and Funding Circle co-founder James Meekings also… Read More

June 30, 2022 @ 8:16 am By Omar Faridi  |  

Global financial services platform iBanFirst recently confirmed the acquisition of the London-headquartered FX provider, Cornhill. The strategic acquisition aims to further build on iBanFirst’s funding partnership with private equity company arlin Equity Partners, launched in June of last year. As mentioned in the update, this… Read More

June 29, 2022 @ 6:45 pm By JD Alois  |  

Earlier today, Germany’s Federal Minister of Finance, Christian Lindner, and the Federal Minister of Justice, Dr.Marco Buschmann, announced regulatory and policy changes designed to boost entrepreneurship, access to capital, and embrace the digitization of finance with digital securities – or security tokens. The Financing Act. Das… Read More

June 29, 2022 @ 5:39 pm By JD Alois  |  

Earlier this week, the “home of crypto yield” CoinFLEX announced that it expects to resume withdrawals as well as trading due following a pause due to crypto market volatility. In a blog post, CoinFlex shared that an unnamed investor’s account had fallen into negative equity…. Read More

June 29, 2022 @ 4:21 pm By JD Alois  |  

According to a series of Tweets, the Norwegian government will dip its toes into leveraging blockchain technology. As shared in the Tweets, the Norwegian government will be utilizing Ethereum via Arbitrum for cap tables of private firms. Earlier today the Norwegian government announced they're using… Read More

June 29, 2022 @ 3:49 pm By Omar Faridi  |  

peaq, the Web3 network powering the Economy of Things (EoT), has raised $6 million in its latest funding round, which was led by Fundamental Labs. The funding will “support the ongoing expansion of the peaq network, which empowers individuals and organizations to build, govern, and… Read More

June 29, 2022 @ 11:35 am By JD Alois  |  

Volt, a high-profile digital bank operating in Australia, has taken the extraordinary measure of announcing it will close its business, and return its banking license to regulators. In a post on the digital bank’s website Volt announced: “Volt has made the difficult decision to close… Read More

June 29, 2022 @ 8:13 am By JD Alois  |  

Salt Edge and Five Degrees have partnered on digital banking. Salt Edge is an open banking solution provider that is currently integrated with thousands of financial institutions operating in over 50 countries. Five Degree is a digital banking platform that offers a core banking platform… Read More

June 29, 2022 @ 7:54 am By Omar Faridi  |  

Taavet Hinrikus, the Co-founder of Fintech firm Wise, has launched Plural, a €250 million (appr. £216 million) investment platform aimed at supporting a new generation of technology startups and digital entrepreneurs. Other founders of the Group reportedly include Songkick businessman Ian Hogarth, tech investor Khaled… Read More

June 29, 2022 @ 5:27 am By Omar Faridi  |  

UK-based digital bank Kroo announced that it has been granted its full banking license by the Bank of England. Kroo claims it is only one of two banking institutions to have been awarded a banking license with a personal current account since August 2016. Kroo… Read More

June 29, 2022 @ 3:17 am By Omar Faridi  |  

Hargreaves Lansdown (HL) has reportedly selected Ecospend, the United Kingdom’s Open Banking provider, in order to offer a “pay by bank” service to its customers. Ecospend’s solution should enable HL’s clients to complete payments directly to their HL accounts more quickly and securely and without… Read More

June 29, 2022 @ 2:58 am By JD Alois  |  

Fintech Currensea has returned to Seedrs and quickly topped its £1 million initial target in under two hours, according to a note from the company. So far Currensea has raised £1.377 million from 376 investors. The company is selling equity at a pre-money valuation of… Read More

June 29, 2022 @ 12:46 am By Omar Faridi  |  

Azentio Software, a Singapore-headquartered tech firm owned by funds advised by Apax Partners, announced that Banque Populaire de Mauritanie (BPM), one of the largest financial institutions in Mauritania, has gone live with the R14.5 version of iMAL, Azentio’s Core Banking Platform, “to meet the multiple… Read More

June 28, 2022 @ 9:32 pm By JD Alois  |  

The INX Digital Company (NEO: INXD) has announced a “non-binding memorandum of understanding” (MoU) with Switzerland-based SICPA.  According to a release, the MoU is a step towards partnering on a blockchain solution to enable central bank digital currencies (CBDCs). INX is a digital asset trading… Read More

June 28, 2022 @ 4:38 pm By JD Alois  |  

Giacomo Bertoldi, CEO of Walliance, has been appointed as the new Chair of EUROCROWD. Bertoldi will be taking over from Christin Friedrich, founder and CEO of Innovestment. The selection of Bertoldi was made during EUROCROWD’s meeting last week and he will serve as non-executive Chair… Read More

June 28, 2022 @ 1:23 pm By Omar Faridi  |  

The launch of Grit, the “first-ever” blockchain game from the partnership between Epic Games and Gala Games, is seen as a “watershed” event for the mass onboarding of gamers from Web2 to Web3, according to an update from Huobi. However, blockchain games have “not reached… Read More

June 28, 2022 @ 10:34 am By Omar Faridi  |  

Fundbox, an embedded working capital platform for small businesses, announced that the company has partnered with Galileo Financial Technologies, an open API platform that enables unique and differentiated financial solutions, and MetaBank, a financial empowerment company, “to accelerate its product roadmap and help bring innovative… Read More

June 28, 2022 @ 10:26 am By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF), part of the University of Cambridge in the UK, along with the World Economic Forum and the World Bank, have published the Global COVID-19 Fintech Impact and Industry Resilience Study. CCAF has long been the leading research institute reviewing… Read More

June 28, 2022 @ 8:38 am By JD Alois  |  

Borrow a Boat, the AirBnB of yachting, has closed its most recent securities offering at £3,017,30 backed by 670 investors. This most recent crowdfunded offering brings the total raised from individual investors to £7.8 million. As was previously reported, Borrow a Boat was raising equity… Read More