Global

June 17, 2022 @ 6:06 pm By Omar Faridi  |  

SEB Venture Capital is making an investment in one of Europe’s “fastest-growing” automated savings platforms, Lysa. As part of the investment, SEB will “support the company’s continued growth and international expansion.” Lysa was founded in 2015 and has recently “become one of the largest and… Read More

June 17, 2022 @ 3:36 pm By Omar Faridi  |  

Ashman has announced its UK banking license (Authorized with Restrictions or ‘AwR’), which means it has been authorized and regulated “to trade with restrictions by the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA).” Ashman, which was founded by real-estate entrepreneurs Ashkin Mittal and… Read More

June 17, 2022 @ 3:23 pm By JD Alois  |  

The Financial Action Task Force (FATF), a global entity that engages financial regulators around the world, met this week to discuss multiple initiatives including the digital asset marketplace and Virtual Asset Service Providers (VASPs) as well as Travel Rule implementation. The Travel Rule is a… Read More

June 17, 2022 @ 2:17 pm By Omar Faridi  |  

Identitii Limited (ASX:ID8) is pleased to confirm it has signed a five-year SLA with the Australian arm of the Dutch-led multinational banking and financial services group, Rabobank. Rabobank Australia will “use Identitii’s Cloud-hosted reporting platform, to help further automate IFTI reporting to AUSTRAC.” John Rayment,… Read More

June 17, 2022 @ 11:26 am By Omar Faridi  |  

Mazepay is pleased to confirm that they’re under the Danish Financial Supervisory Authority (DFSA) supervision. Mazepay is a pan-European payments institute. After a long application and enrollment process, Mazepay have been “granted a pan-European payments institute license by the DFSA, enabling it to handle transactions… Read More

June 17, 2022 @ 10:04 am By JD Alois  |  

PayCargo, a logistics payment platform for shipping cargo, has raised a $130 million Series C from Blackstone Growth (BXG). The global digital all-in-one payment platform for the freight, cargo, and logistics said the funding will support its domestic and international expansion. Eduardo Del Riego, PayCargo… Read More

June 17, 2022 @ 8:36 am By Omar Faridi  |  

Circle Internet Financial, a global internet finance firm and issuer of USD Coin (USDC), announced that it is preparing “to issue a fully-reserved, euro-pegged stablecoin from the United States called Euro Coin (EUROC).” Available June 30, Euro Coin is “a regulated, euro-backed stablecoin issued under… Read More

June 17, 2022 @ 8:20 am By Omar Faridi  |  

Berlin-based infrastructure Fintech Upvest announced the closing of a $42 million Series B round – “one of the largest German Fintech funding rounds in 2022.” Bessemer Venture Partners is leading the Series B “with Earlybird and ABN AMRO Ventures doubling down as previous investors and… Read More

June 17, 2022 @ 8:16 am By Omar Faridi  |  

Fintech Australia has signed up major corporate partners, establishing a total of 11 key partnerships within the last five months. Fintech Australia‘s ecosystem partnership program assists firms with collaborating with the Fintech sector and foster relationships with its major players. The new Gold tier partners… Read More

June 16, 2022 @ 11:30 pm By JD Alois  |  

Foxstone, a real estate crowdfunding platform, has raised a CHF 10 million Series A funding round according to a note from the company. Foxstone said all existing investors participated in the securities round along with new investors including Rosablanche Ventures, the family investment vehicle of… Read More

June 16, 2022 @ 9:01 pm By Omar Faridi  |  

NatWest recently revealed that it’s introducing a QR code-based version of its online payment service PayIt in order to help companies accept faster payments of invoices. Available within the NatWest Business Banking App and using PayIt as the tech backbone, the feature, called PayMe, allows… Read More

June 16, 2022 @ 8:37 pm By Omar Faridi  |  

Temenos (SIX: TEMN) announced that TS Banking Group, an Iowa-based banking institution, has selected Temenos Banking Services “delivered on the Temenos Banking Cloud for a complete front-to-back digital transformation.” TS Banking Group will “migrate the entirety of its banking operations to Temenos’ leading open platform… Read More

June 16, 2022 @ 6:15 pm By JD Alois  |  

Bitso, a Mexico-based crypto platform that claims to be the leading platform of its kind in Latin America, says it has completed $1 billion in remittances during the first 6 months of 2022. This represents 4X the same period in 2021. Currently, Bitso claims over… Read More

June 16, 2022 @ 3:18 pm By JD Alois  |  

  Late last year, Republic announced its acquisition of Seedrs – a leading UK-based investment crowdfunding platform. Republic paid $100 million to acquire the firm. Seedrs has long operated in both the UK and the European continent providing access to capital for early-stage and later-stage… Read More

June 16, 2022 @ 2:38 pm By JD Alois  |  

Business Warrior Corp. (OTC: BZWR) has acquired Alchemy Technologies for $8.75 million, according to a statement by the company. Business Warrior is a SaaS company that aims to help small businesses attract new customers. Alchemy is a Fintech Lending as a Service provider that enables… Read More

June 16, 2022 @ 2:24 pm By Omar Faridi  |  

BANCOMAT S.p.A and Discover signed a strategic agreement that “increases acceptance for Discover, Diners Club International and network alliance cardholders, all part of the Discover Global Network.” This new partnership will “give cardholders the ability to use their cards and mobile payment products on the… Read More

June 16, 2022 @ 8:50 am By JD Alois  |  

The cost of living is rising higher and credit is along for the ride. With no end in sight to rising interest rates and inflation, the UK Financial Conduct Authority (FCA) is asking lenders to help consumers during a difficult time. In a release, the… Read More

June 16, 2022 @ 7:59 am By Omar Faridi  |  

Rewire, a digital wallet designed for economic migrants, has made its very first acquisition, picking up Imagen, a pre-paid card service provider intended for migrants in Israel. Financial terms were not shared publicly. Imagen operates over 30,000 active pre-paid MasterCards that are connected to the… Read More

June 16, 2022 @ 7:57 am By Omar Faridi  |  

With summer firmly upon us, Lisbon’s technology scene is beginning to heat up as it welcomes the launch of “plug-and-play” finance provider, Weavr, to Portugal. In recent times, Portugal has become “a noted hub for startups,” according to an update shared with CI. In fact,… Read More

June 15, 2022 @ 6:46 pm By Omar Faridi  |  

Bit.com, a crypto exchange that supports spot, contract, options, and other trading products meeting the diversified needs of its global clients, has “listed Staked Ether (STETH) on its spot and futures markets.” By listing STETH, Bit.com claims that it “becomes the first cryptocurrency exchange to… Read More