Global

July 17, 2022 @ 9:47 pm By Omar Faridi  |  

SAP Fioneer, which claims to be a leading global provider of financial services software solutions and platforms, recently announced the launch of a new vertical product strategy that significantly “reshapes its offering to customers.” Adopting a vertical approach, three platforms will “provide IT solutions tailored… Read More

July 17, 2022 @ 9:00 pm By Omar Faridi  |  

Capchase, a provider of non-dilutive capital, has “agreed more than $400 million in additional debt financing backed by i80 Group and an international banking group.” The financing will be used “to provide thousands of SaaS startups in the US and Europe with funding.” In less… Read More

July 17, 2022 @ 7:46 pm By Omar Faridi  |  

Deci, the deep learning company harnessing AI to solve the AI efficiency gap, recently announced it has raised $25 million in a Series B funding round “led by global software investor Insight Partners, with participation from existing investors Square Peg, Emerge, Jibe Ventures, and Fort… Read More

July 17, 2022 @ 6:30 pm By Omar Faridi  |  

Incode Technologies, a key player focused on identity verification and authentication for global enterprises, recently announced the expansion of its Serbian development center “to accelerate development of its privacy-centric approach to authenticating identities worldwide.” Incode’s steady growth rate is fueled by its latest cycle of… Read More

July 17, 2022 @ 4:16 pm By Omar Faridi  |  

Mandala, which claims to be a “unique” Metaverse experience that promotes the intersection of technology, spirituality, sustainability and entertainment, is teaming up with Immutable X’s Layer 2 scaling solution on Ethereum “to build a multi-platform interoperable metaverse, leveraging NFTs to combine gripping storytelling with immersive… Read More

July 17, 2022 @ 2:50 pm By Omar Faridi  |  

ESG Book, which claims to be a global leader in sustainability data and technology, recently announced that Leon Saunders Calvert will join as its new Chief Product Officer, “effective in October 2022.” He will lead the expansion of ESG Book’s product suite, and “drive the… Read More

July 17, 2022 @ 1:34 pm By Omar Faridi  |  

Revolut, the global financial super app, has surpassed 20 million retail customers worldwide, and is now “processing over 250 million transactions a month.” Both achievements come as Revolut “celebrates its seventh anniversary.” Revolut is continuing “to expand its global workforce, topping 5,000 employees globally.” Over… Read More

July 16, 2022 @ 11:17 pm By Omar Faridi  |  

The Berlin-headquartered Insurtech firm ELEMENT has secured €21.4 million via a Series B round. The total funding secured by the firm now amounts to 88 million euros. ELEMENT is also reporting its “best” YTD results. The investment round has been led by the Versorgungswerk Zahnärztekammer… Read More

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

Flywire Corporation (Nasdaq: FLYW), a global payments enablement and software company, announced that it has completed the acquisition of Cohort Go, an international education payments provider that “brings additional students, agents and essential student services to Flywire.” The acquisition will “build on Flywire’s existing education… Read More

July 16, 2022 @ 4:19 pm By Omar Faridi  |  

Mastercard (NYSE: MA) is expanding its Start Path startup engagement program to include seven early and late-stage startups “hailing from the United States, Canada and Latin America.” Carbon Neutral Club, Guava, oneKIN, Palla, SUMA Wealth, Truora and Yunit are the newest Start Path companies that… Read More

July 16, 2022 @ 3:33 pm By Omar Faridi  |  

Investing money and paying with the investment at any time, “free of charge?” It is now possible, according to an update shared with CI. Berlin-based startup, UnitPlus, has launched (what it claims to be) the world’s first ETF investment product “with a seamlessly integrated payment… Read More

July 16, 2022 @ 12:06 pm By Omar Faridi  |  

Virgin Money, the high-street bank, is teaming up with Superscript, the Insurtech startup, in order to offer its business banking clients with customizable, flexible, subscription-based business insurance. Superscript will reportedly serve as the business insurance provider via Virgin Money’s online marketplace, where their business banking… Read More

July 16, 2022 @ 10:29 am By Omar Faridi  |  

CIBC Innovation Banking recently announced £40 million of growth financing for London-based Smart, a retirement tech provider. Smart will use the capital “to expand its market growth, accelerate the launch of strategic products, and undertake acquisitions.” Smart launched in 2015 with the goal of “making… Read More

July 15, 2022 @ 4:11 pm By JD Alois  |  

Avolta, a French boutique investment bank that is active in the venture space in Europe, has published a report on French tech funding reporting that Q2 2022 is the 3rd best quarter for funding ever. While certain markets are sagging, due to the rocky economy,… Read More

July 15, 2022 @ 2:59 pm By Omar Faridi  |  

Roxe, a blockchain infrastructure company that is powering the next generation of payments and digital commerce solutions, announced the launch of its Roxe Payment Protocol (RPP) USD/EUR, USD/GBP and USD/PHP (Philippine peso) liquidity pools, which is reportedly one of the first set of DeFi liquidity… Read More

July 15, 2022 @ 10:15 am By JD Alois  |  

  Mixer usage, platforms that enable crypto holders to scrub their digital assets in an attempt to cover their tracks, is at an all-time high, according to a report posted by Chainalysis. As most blockchain transactions are publicly available, sophisticated observers can trace every transaction…. Read More

July 15, 2022 @ 9:46 am By Omar Faridi  |  

TIFIN, a Fintech platform using artificial intelligence (AI) and investment-driven personalization to shape the future of investor experiences, announced its initial launch into international markets through the acquisition on SharingAlpha, a community of over 15,000 professional fund investors and analysts “located throughout the world, but… Read More

July 15, 2022 @ 8:11 am By Omar Faridi  |  

Investment platform Lightyear has announced a $25M Series A equity round “led by Lightspeed Venture Partners.” The company’s seed investors, Mosaic Ventures, Taavet+Sten and Metaplanet also took part in the investment round “alongside a number of new and existing angel investors.” Joining Lightspeed in this… Read More

July 15, 2022 @ 8:09 am By Omar Faridi  |  

An increasing number of people – 16% of US adults – are using cryptocurrencies, such as Bitcoin and Ethereum, “through digital asset exchanges for investments, value exchange, asset tokenization, and more,” according to an update from Fintech Plaid. With crypto becoming mainstream, Plaid has “seen… Read More

July 14, 2022 @ 9:52 pm By JD Alois  |  

In a speech delivered early today by the Financial Conduct Authority Chief Executive Nikhil Ratha, the top UK regulator addressed the future of regulation. Of course, the digitization of financial services, including crypto assets was in the mix. Ratha noted that the FCA has invested… Read More