Global

June 24, 2022 @ 8:19 am By Omar Faridi  |  

Frankfurt-based Raisin Bank AG is expanding its business to include payments. To this end, the Banking-as-a-Service (BaaS) provider is “acquiring the payment services division of Bankhaus August Lenz & Co. AG.” With the acquisition, Raisin Bank will “expand its product range by payment services and… Read More

June 24, 2022 @ 8:08 am By Omar Faridi  |  

Planixs, which claims to be the global leader of real-time treasury tech, recently announced that its customer, FBN Bank (UK) Ltd, has now “gone live with the company’s Real-Time Reconciliations module, an add-on component of the firm’s Realiti® software that will provide the Bank with… Read More

June 23, 2022 @ 8:55 pm By Omar Faridi  |  

iCapital, the Fintech platform driving access and efficiency in alternative investing for the asset and wealth management sectors, and SIMON Markets, the Fintech company offering a digital platform designed to help financial advisors understand and manage structured investments, annuities, and other risk-managed products, have announced… Read More

June 23, 2022 @ 4:00 pm By JD Alois  |  

  THIS, a plant-based meat creator, has quickly topped its £4 million funding target on Seedrs. At this moment, THIS has raised over £5.7 million from 2179 investors on Seedrs. The company is raising equity capital at a pre-money valuation of £150 million. The security… Read More

June 23, 2022 @ 3:37 pm By JD Alois  |  

Inter&Co (NASDAQ: INTR), a Brazil-based Fintech, commenced trading of its shares on the Nasdaq today. Inter&Co previously traded on Brazil’s B3 exchange. As was previously reported, Inter&Co is seeking the greater liquidity and robust capital markets of the US as it plans its expansion. Inter&Co reports… Read More

June 23, 2022 @ 1:27 pm By Omar Faridi  |  

Starling Bank has passed the three million current account milestone, which “includes more than 460,000 small business accounts,” according to an update shared with CI. This key milestone comes five years after the digital bank launched its Personal Current Accounts in May 2017, while its… Read More

June 23, 2022 @ 12:40 pm By Omar Faridi  |  

Revolut Business has reportedly launched a new cashback offer for US customers. Businesses of any size – from SMEs to freelancers – “get up to 1.9 % cash back for card purchases,” according to an update shared with CI. Revolut, the global financial super app… Read More

June 23, 2022 @ 9:37 am By JD Alois  |  

Wirex, a global payments platform active in the crypto sector, will be restarting services for UK consumers following “constructive dialogue” with the UK Financial Conduct Authority (FCA). Wirex, based in London, reports over 5 million customers worldwide. In March 2021, Wirex announced it would pause… Read More

June 23, 2022 @ 8:05 am By Omar Faridi  |  

Mambu, the SaaS Cloud banking platform, has reportedly welcomed four new senior hires as it “embarks on the next stage of its ambitious growth.” The Fintech firm has appointed Werner Knoblich as Chief Revenue Officer (CRO), Fernando Zandona as Chief Technology Officer (CTO), Tripp Faix… Read More

June 23, 2022 @ 8:04 am By Omar Faridi  |  

Zumo, the Edinburgh-based crypto wallet and payments platform, has appointed Clark Povey as its new Operations Director “to shape the moments that matter in people’s crypto experience.” Clark has more than 20 years’ experience “leading global operations at financial services and technology companies.” He will… Read More

June 23, 2022 @ 8:02 am By Omar Faridi  |  

Citi (NYSE: C) announced that it has selected METACO to develop and pilot digital asset custody capabilities. This collaboration “brings together METACO’s technology and digital solutions with Citi’s expansive custody network to develop a platform to enable clients to store and settle digital assets seamlessly… Read More

June 23, 2022 @ 1:46 am By Omar Faridi  |  

On June 22, 2022, PeerBerry’s business partner, renewable energy company Litelektra, “repaid a EUR 0.7 million loan to investors and paid EUR 35,685 in interest.” Currently, PeerBerry investors can “invest in another Litelektra wind farm project available on the PeerBerry platform with a 10% ROI.”… Read More

June 23, 2022 @ 1:44 am By Omar Faridi  |  

Italian banking group Sella has reportedly introduced an acceleration program focused on helping startups who are working on finance solutions for the Metaverse. Managed by Sella’s venture incubator dpixel with the OGR Torino hub, the Metaverse 4 Finance Accelerator is focused on identifying and supporting… Read More

June 23, 2022 @ 12:33 am By Omar Faridi  |  

​​Enfuce, which claims to be one of the fastest-growing Fintech firms in Europe, has reportedly chosen Konsentus Verify in order to protect its clients from unauthorized/fraudulent third parties gaining access to account data and funds. Enfuce offers a modern, flexible, scalable, open banking service that… Read More

June 22, 2022 @ 11:40 pm By Omar Faridi  |  

Douugh Ltd (ASX: DOU), the financial “Super App” on a mission to help clients spend “mindfully,” save more and build long-term wealth has launched into Beta in Australia. The beta launch, which will last for around 90 days, comes after Douugh acquired the necessary accreditation… Read More

June 22, 2022 @ 5:12 pm By Omar Faridi  |  

The Bank of London, which claims to be the next-generation tech firm and the world’s “first” purpose-built global clearing, agency, and transaction bank, recently announced its intention “to expand its footprint in the United Kingdom by opening its Centre of Excellence in Belfast, Northern Ireland,… Read More

June 22, 2022 @ 1:42 pm By Omar Faridi  |  

Intercontinental Exchange, Inc. (NYSE: ICE), a global provider of data, technology and market infrastructure, recently announced the launch of a suite of corporate bond climate indices “designed to capture the goal of achieving net zero carbon emissions by 2050.” The indices are part of the… Read More

June 22, 2022 @ 11:04 am By Omar Faridi  |  

From this month onwards, clients of The Cumberland will find it a lot easier to monitor their carbon spend with a tool used to measure and reduce their carbon footprints. The building society’s 70,000 current account customers are now being encouraged to download the Cogo… Read More

June 22, 2022 @ 10:52 am By JD Alois  |  

Eurocrowd, the leading association representing the investment crowdfunding industry in Europe, has announced a survey to garner information as to the status of their members in the approval process under pan-European crowdfunding rules. Last November, the European Union revealed crowdfunding regulations to enable raising capital… Read More

June 22, 2022 @ 9:58 am By JD Alois  |  

Playter, a buy now – pay later (BNPL) provider, has raised $55 million in both debt and equity. Playter did not disclose the split between equity and debt capital. Playter recently raised $1.7 million in seed funding to boost its services in the UK along… Read More