Global

June 7, 2022 @ 9:13 am By JD Alois  |  

Marqeta (NASDAQ: MQ) is being utilized by Western Union (NYSE:WU) to boost its “next-generation real-time multi-currency digital wallet and digital banking platform in Europe.” Marqeta’s card issuing platform is said to allow Western Union’s remittance service to be offered online, with funds disbursed to a… Read More

June 7, 2022 @ 8:05 am By Omar Faridi  |  

Trovata, a US-based firm focused on automating cash reporting and forecasting via wholesale, multi-bank API data aggregation, is preparing to launch operations in the United Kingdom on the back of a $27 million round. As noted by Sky News, Trovata, which maintains head offices in… Read More

June 7, 2022 @ 8:03 am By Omar Faridi  |  

Dutch startup Fung has reportedly acquired $2.7 million in capital via a pre-seed round for its goal of unifying cryptocurrency and fiat payment channels. Fung’s investment round has been co-led by Global Founders Capital, Kingsway Capital, Kindred Capital, and Karatage. Fung’s management noted that they… Read More

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

With Aiia’s new payment feature, Pay by link, it’s easier to provide “seamless” payments for businesses and consumers in whatever fashion the payer prefers – “whether that’s by email, pdf, SMS, letter or even in a social media chat.” The feature is set “to empower… Read More

June 7, 2022 @ 3:00 am By JD Alois  |  

Dutch Fintech Modulr has launched its real-time Euro payments service, based on the real-time pan European SEPA Instant scheme. The Single Euro Payments Area (SEPA) allows customers to make cashless Euro payments to anywhere in the EU, as well as a number of non-EU countries… Read More

June 7, 2022 @ 1:07 am By Omar Faridi  |  

Pennyworth, an AI-powered private bank for the “aspiring” affluent, has secured 103% (£619,023) of its £600,000 target from 241 investors (with 15 days left in the firm’s crowdfunding campaign) via Seedrs. Located in the United Kingdom, Pennyworth operates in the Finance & Payments sectors (Digital B2C)…. Read More

June 6, 2022 @ 9:34 pm By JD Alois  |  

The European Parliament has posted regulations pertaining to tokenization and digital securities leveraging blockchain or distributed ledger technology. The DLT pilot plan aims to enable innovators to advance their platforms while providing a safe environment for users. To quote the document: It is important to… Read More

June 6, 2022 @ 4:52 pm By Omar Faridi  |  

As a startup ecosystem builder and veteran, Andrea Li, the VP, Head of International at Clearco, says she’s particularly excited about bringing Clearco, one of the largest digital commerce funders, to Germany, which is one of the world’s largest e-commerce economies. Clearco provides equity-free capital “to… Read More

June 6, 2022 @ 4:29 pm By Omar Faridi  |  

With major exchanges listing OP tokens recently, attention has been “brought to Layer 2 and its potential to eat into Layer 1’s market share,” according to an update from Huobi. However, the TVL for Layer 2 has “pulled back by over 40%, which is far… Read More

June 6, 2022 @ 3:38 pm By JD Alois  |  

One of the most successful Fintech VCs around, QED Investors, has hired Camila Vieira to boost its presence in Brazil – an important region in the hot Latin American Fintech market. Vieira is the company’s first employee based in Sao Paulo, Brazil, where she will… Read More

June 6, 2022 @ 3:09 pm By Omar Faridi  |  

A year ago, the Robo.cash platform was joined by the Philippine originator UnaPay. Presently, it is operating within the holding under the UnaCash brand. The Robocash team noted that they are pleased to share the company results for the beginning of 2022. Here are the… Read More

June 6, 2022 @ 3:07 pm By Omar Faridi  |  

After “very positive” growth in April, in May, the volumes of funded loans on PeerBerry further “grew by 16%.” EUR 38,48 million of loans have been funded on PeerBerry last month. PeerBerry is a marketplace platform where investors can participate in short term, high interest… Read More

June 6, 2022 @ 11:13 am By JD Alois  |  

    “We still believe The Merge will not happen.” Dr. Martin Hiesboeck, Head of Blockchain and Crypto Research at Uphold – a trading platform, has issued a statement slamming Ethereum while hammering creator Vitalik Buterin for his erratic and emotional Tweets. Hiesboeck is of the… Read More

June 6, 2022 @ 10:10 am By JD Alois  |  

Yoshi Markets Limited says it has started onboarding clients for its trading and custody platform for digital assets. Yoshi is an ADGM regulated  Multilateral Trading Facility (MTF) and custodian. The announcement is described as a significant step towards offering services for customers from around the world…. Read More

June 6, 2022 @ 9:24 am By JD Alois  |  

OakNorth Bank, launched in 2015 aiming to provide access to capital for the “missing middle,”  has provided a £900K facility to redevelop an existing major mixed-use scheme in Rock, Cornwall being developed by SWPG Rock Limited. Founded in May 2020, SWPG Rock Limited, is owned… Read More

June 6, 2022 @ 8:53 am By Omar Faridi  |  

In its “first” major corporate milestone following its acquisition by MONEYME Ltd (ASX:MME), digital finance platform SocietyOne has launched transaction and savings accounts “powered by Westpac’s Banking-as-a-Service (BaaS).” SocietyOne is Westpac’s second partner “to launch products through its BaaS platform with two new additions to… Read More

June 6, 2022 @ 7:00 am By Omar Faridi  |  

Zump, a professionally designed social network for property (think LinkedIn/Instagram for Real Estate),  has raised 94% (£236,380) of its £250,000 target from 131 investors (at the time of writing) through its crowdfunding campaign via Crowdcube (with  15 days left in the sale). Zump reports a… Read More

June 6, 2022 @ 6:58 am By JD Alois  |  

OpenPayd, a banking as a service (BaaS) provider, and Yapily have announced a partnership to deliver payment solutions for businesses in the UK and across Europe.  According to the two companies, Yapily’s open banking platform will be incorporated into OpenPayd’s embedded finance offering, creating a… Read More

June 5, 2022 @ 11:30 pm By Omar Faridi  |  

Yobota recently announced its partnership with Tranch, a buy now, pay later (BNPL) startup platform on a mission “to deliver more flexible payments to fast-growing businesses.” Founded in 2016, London-based core banking provider Yobota claims it has “built a fast, flexible, cloud-native core banking platform… Read More

June 5, 2022 @ 9:31 pm By Omar Faridi  |  

Cybersecurity has been around for many years, albeit initially “confined to antivirus software with a limited understanding of network security,” according to an update from Juniper Research. The “exponential” growth of interconnectivity and personal and business information online in the late 1990s and 2000s, and… Read More