Global

August 2, 2022 @ 11:32 pm By Omar Faridi  |  

Penfold, the digital pension “disrupting” the broken £8 trillion UK pension industry, has raised 194% (£1,945,413) of its £1,000,000 target (at the time of writing) from 942 investors through its crowdfunding campaign carried out via Crowdcube (with just 1 day left in the sale). Backed… Read More

August 2, 2022 @ 10:31 pm By Omar Faridi  |  

StormX (STMX) is currently available via digital asset platform Okcoin. Customers may now deposit, withdraw, and trade STMX tokens via Okcoin. This offer is for “all Okcoin customers except for residents of the EU, the UK, Singapore, and Brunei.” Deposits, withdrawals, and trading are “live… Read More

August 2, 2022 @ 10:28 pm By Omar Faridi  |  

The team at digital assets firm Gemini are pleased to further their partnership with  Australian fund manager Holon Global Investments, “serving as the custodian partner for their unlisted retail Bitcoin (BTC), Ethereum (ETH), and Filecoin (FIL) funds.” The BTC, ETH, and FIL held by the… Read More

August 2, 2022 @ 1:45 pm By Omar Faridi  |  

Nairobi-based Insurtech firm Lami Technologies has finalized a $3.7 million seed extension in order to expand business operations across Africa. The firm’s management noted that the investment round was led by early-stage VC company Harlem Capital along with contributions from Newtown Partners; Peter Bruce-Clark, a… Read More

August 2, 2022 @ 11:46 am By Omar Faridi  |  

In yet another initiative with the goal of transforming consumers’ financial lives via education, Brazil’s C6 Bank is promoting the second edition of the Financial Expedition, a project that takes free workshops “to communities in small municipalities.” This edition takes place between the 9th and… Read More

August 2, 2022 @ 10:08 am By JD Alois  |  

Fireblocks, a digital asset services firms that provides custody solutions, has partnered with Tokeny – a top security token platform. According to a company statement, Fireblocks aims to provide the ability for customers to mint and manage permissioned digital assets such as securities and stablecoins…. Read More

August 2, 2022 @ 9:29 am By JD Alois  |  

Open banking provider Yapily now offers Yapily Variable Recurring Payments (VRP), the ability for users to enable scheduled payments that are not consistent amounts. Yapily is joining other open banking firms in providing the service. VRP is a service that is mandated by the UK… Read More

August 2, 2022 @ 8:38 am By Omar Faridi  |  

OneID, the UK-headquartered identity tech firm that makes it simpler for consumers to prove who they are online or in an all-digital environment, recently announced that it has teamed up with DocuSign in order to offer government-certified ID verification to the firm’s electronic signature solution,… Read More

August 1, 2022 @ 11:47 pm By Omar Faridi  |  

Goparity, an impact finance app empowering citizens and companies “to use their money for good,” has secured 125% (€1,521,419) of its €1,200,000 target from 692 investors at the time of writing via Crowdcube with 16 days left in the firm’s crowdfunding campaign. Goparity reports a… Read More

August 1, 2022 @ 10:47 pm By Omar Faridi  |  

After stabilizing in May 2022, investment figures declined “from €15,458,394 to €12,913,190 in June 2022” on the Bondora platform. And with loan originations, there was “an overall decline of 17.3%.” This was expected, as there “have been slowdowns in origination and investment activity during the… Read More

August 1, 2022 @ 9:52 pm By Omar Faridi  |  

Nexi announced a collaboration with Microsoft (NASDAQ: MSFT) intended to innovate virtual payments services and assisting with the digitalization of SMEs, Corporates, Public Administrations and Financial Institutions across European markets via vertical value-added solutions in order to respond to specific requirements as easy to adopt… Read More

August 1, 2022 @ 9:47 pm By Omar Faridi  |  

The team at digital asset firm Kraken is pleased to confirm that their crypto trading platform now supports Crust Shadow (CSM). Customers may now choose to add CSM to their Kraken accounts by simply “navigating to Funding, selecting the asset, and then Deposit.” Trading will… Read More

August 1, 2022 @ 8:27 pm By Omar Faridi  |  

Wise (LSE:WISE), the international tech firm focused on creating the best way to move funds across the globe, recently announced the appointment of Isabel Naidoo as Chief People Officer. Naidoo joins Wise, one of Glassdoor’s best places to work in the United Kingdom, with considerable… Read More

August 1, 2022 @ 11:20 am By JD Alois  |  

Latin American Digital bank Nubank (NYSE: NU) has emerged as the largest brokerage in Brazil as it tops 5 million investors. According to a blog post, Nubank has the largest number of active investors on a digital brokerage in the country. Nubank facilitated the investing features with… Read More

August 1, 2022 @ 11:03 am By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC), Securities Industry and Financial Markets Association (SIFMA) and the Investment Company Institute (ICI) have published a “playbook” on T+1 settlement. The T+1 Securities Settlement Industry Implementation Playbook outlines the approach to identifying the implementation activities, timelines, dependencies, and… Read More

August 1, 2022 @ 10:19 am By JD Alois  |  

Coinshares is reporting that crypto, or digital assets, have booked their 5th consecutive week of inflows after a period of prolonged decline. According to the report, last week digital assets saw $81 million of purchases and a 5 week total of $530 million as investors… Read More

August 1, 2022 @ 9:44 am By JD Alois  |  

Webull, a trading platform that offers both traditional securities as well as crypto, has launched services in Singapore, according to a corporate statement. Singapore residents have been able to trade using Webull since May accessing US-listed equities, ETFs, options, and fractional shares, as well as… Read More

August 1, 2022 @ 9:27 am By JD Alois  |  

GenoCrowd is reporting that it has taken just three days to raise its funding threshold for a real estate project. The “Das Rosenthaler”  property located in Nuremberg and managed by W&L AG, will return 5.5% interest to investors with early backers adding 50 basis points… Read More

August 1, 2022 @ 9:00 am By Omar Faridi  |  

The volume of P2P funding decreased from 511 million Euros in May 2022 to 447 million euros in June 2022, i.e. by 13%, according to an update shared by Robo.cash. The fourth quarter of 2021 “saw significant growth in P2P lending, but so far in… Read More

July 31, 2022 @ 11:49 pm By Omar Faridi  |  

Lending Wokrs is pleased to release their Q2 2022 performance update on their statistics page. In Q2 2022, Lending Works have “continued to focus on understanding the impact of cost of living challenges on [their] active loan customers and the overall impact on portfolio performance.”… Read More