Global

May 20, 2022 @ 10:40 am By Omar Faridi  |  

PopID and SunCash announced that for the “first time” in history, consumers can now use the PopPay face verification platform “to purchase goods and services with a central bank digital currency (CBDC) – digital money issued and backed by a government.” Bahamian consumers can now… Read More

May 20, 2022 @ 9:43 am By JD Alois  |  

  Following a meeting this week being held in Petersberg, Germany, G7 Finance Ministers and Central Bank Governors have issued a statement on the outcome of the meeting. While a good portion of the statement revolves around the war in Ukraine and the need for… Read More

May 20, 2022 @ 9:20 am By Omar Faridi  |  

London Stock Exchange Group (LSEG) recently announced that it has signed an agreement to acquire MayStreet, a market data solutions provider. Founded in 2012, MayStreet provides “high-quality” global low latency technology and market data to more than 65 industry participants, “including banks, asset managers and… Read More

May 20, 2022 @ 8:28 am By Omar Faridi  |  

Modulr, an embedded payments platform for digital businesses, recently announced that it has raised $108m (£83m) in Series C funding that was led by General Atlantic, a global growth equity firm. The investment round also “included significant participation from existing investors including Blenheim Chalcot, Frog… Read More

May 20, 2022 @ 8:26 am By Omar Faridi  |  

Thought Machine, the Cloud native banking tech firm, recently announced it has closed its series D funding round, led by Temasek, the global investment company headquartered in Singapore, “with participation from Intesa Sanpaolo and Morgan Stanley.” Existing investors following-on in this investment round reportedly include:… Read More

May 20, 2022 @ 8:23 am By Omar Faridi  |  

Neon, a Fintech firm and digital bank focused on “improving the lives of working Brazilians,” has announced an overview of the company’s growth and momentum that “led up to its recent US$300M Series D round, resulting in a valuation of US$1.6B and its achievement of… Read More

May 20, 2022 @ 3:54 am By Omar Faridi  |  

Open Banking Fintech Volt has introduced a product aimed at helping merchants save on excessive debit card (interchange) fees by encouraging shoppers “to seamlessly switch to an open banking payment AFTER choosing to pay with a debit card at the checkout.” After recognizing the banking… Read More

May 20, 2022 @ 2:07 am By JD Alois  |  

The European Securities and Markets Authority (ESMA) has posted a statement encouraging crowdfunding providers to speed things up in migrating to the new pan-European rules. At the end of 2021, the European Union approved a new regulatory regime that enables issuers to raise capital online… Read More

May 19, 2022 @ 11:34 pm By Omar Faridi  |  

Upfin says it is here to support “exceptional” fintech founders with capital, deep industry expertise, and a network within financial services. Upfin is led by a team “with extensive experience founding, operating, and supporting fintech.” At first closing Upfin is “backed by a sovereign wealth… Read More

May 19, 2022 @ 11:07 pm By Omar Faridi  |  

Ripple, which claims to be the “leader” in enterprise blockchain and crypto solutions, announced a partnership with FINCI, the Lithuanian online international money transfer provider, “to deliver instant and cost-effective retail remittances and business to business (B2B) payments via RippleNet’s On-Demand Liquidity (ODL), which leverages… Read More

May 19, 2022 @ 10:08 pm By Omar Faridi  |  

Percent, the platform powering the “future” of private markets, recently announced the launch of Corporate Loans, which offers VC-backed startups “a fast and seamless way to tap minimally-dilutive venture debt financing options – amid a slowing pace in growth-stage VC equity rounds.” Via its proprietary… Read More

May 19, 2022 @ 12:44 pm By Omar Faridi  |  

Fireblocks, the digital asset and crypto technology provider, recently announced the launch of a Web3 Engine with a suite of tools for developers “to build DeFi, GameFi and NFT products and services.” Fireblocks has also “unlocked secure access to the world of decentralized applications, exchanges,… Read More

May 19, 2022 @ 10:33 am By JD Alois  |  

The venture community is getting gloomy, chattering about deal volume, down rounds, and a dismal economy. From war in Ukraine, too much government spending, and rocketing inflation chased by the US Federal Reserve raising interest rates, things look bad. It does not help that markets… Read More

May 19, 2022 @ 9:28 am By JD Alois  |  

Neon is reporting that revenue has grown by 3X while predicting it will grow 2X in 2022. This is following a Series D round that raised $300 million at a valuation of $1.6 billion. BBVA (NYSE: BBVA) provided the growth capital for Neon and agreed… Read More

May 19, 2022 @ 8:19 am By Omar Faridi  |  

21Shares US Advisers LLC, an affiliated entity of 21Shares AG, the “largest” issuer of cryptocurrency exchange traded products (ETPs), recently marked its entrance into the U.S. market “with the launch of two private funds, providing accredited investors with broad, convenient exposure to both large-cap and… Read More

May 19, 2022 @ 12:54 am By Omar Faridi  |  

HPD Lendscape, a secured finance technology vendor, recently announced that Rabobank, the second-largest bank in the Netherlands, has “welcomed their first clients to the secured lending solution Lendscape.” HPD Lendscape’s secured lending technology will “help Rabobank streamline its lending processes and support customers while allowing… Read More

May 18, 2022 @ 10:36 pm By Omar Faridi  |  

Foley & Lardner LLP recently represented Nomad, a Latin American Fintech firm that enables Brazilian consumers to maintain bank accounts in the United States, in its $32 million (R$160 million) financing. The Fintech company’s investment round was led by Stripe, followed by monashees, Spark Capital,… Read More

May 18, 2022 @ 6:09 pm By JD Alois  |  

in3, a Netherlands-based buy now – pay later (BNPL) provider has raised $85.5 million in equity and debt funding. The Series B funding round was provided by British VC Force over Mass, U.S. institutional asset manager Waterfall Asset Management LLC and Dutch investor Finch Capital…. Read More

May 18, 2022 @ 2:30 pm By JD Alois  |  

Revealed last week,  Anchorage, the first digital asset bank with a national bank charter, has announced “Capital Strategy” designed to connect crypto firms and financial institutions. The new services are described as a unique path for networking between establishment finance and emerging digital asset firms…. Read More

May 18, 2022 @ 10:13 am By JD Alois  |  

Institutional digital asset trading platform Talos is going on a hiring spree after raising a solid $105 million Series B funding round. Last week, Talos announced that it had raised capital at a unicorn valuation of $1.25 billion. Big-name investors participated in the round with… Read More