Global

May 11, 2022 @ 9:56 am By JD Alois  |  

Alpha Sigma Capital (ASC) reports that it has purchased $3 Milion of EQX tokens – issued by EQIFI. EQIFI operates EQIBank Limited, an entity that is licensed and regulated by the Financial Service Unit of the Commonwealth of Dominica. EQIFI describes itself as the only… Read More

May 11, 2022 @ 8:56 am By JD Alois  |  

TerraUSD (UST) has lost its status as a stablecoin as it is now trading at $0.40 $0.35 having dropped to as low as $0.30 in the last 24 hours. UST’s collapse is the hottest story in crypto land as it was, until recently, touted as… Read More

May 11, 2022 @ 7:55 am By Omar Faridi  |  

Tumelo, a UK-based firm that aims to help investment platforms and pension providers give investors key insights into which companies their money is being put into, and a voice on issues like board diversity and climate change, has acquired $19 million in capital. The Series… Read More

May 10, 2022 @ 11:14 pm By Omar Faridi  |  

HCL Technologies UK Limited, a wholly owned subsidiary of HCL Technologies, an international tech firm, has entered an agreement for the acquisition of Confinale AG, a Switzerland-headquartered virtual banking and wealth management consulting specialist and Avaloq Premium Implementation Partner. Via this key acquisition, HCL will… Read More

May 10, 2022 @ 5:04 pm By Omar Faridi  |  

Non-fungible tokens (NFTs) have been one of the “most dynamic” and “prominent” parts of Web3 over the last two years, according to an update from Chainalysis. NFTs are blockchain-powered digital items whose units are “designed to be unique, unlike traditional cryptocurrencies whose units are meant… Read More

May 10, 2022 @ 2:42 pm By Omar Faridi  |  

COMO, an international automated paytech, has chosen SAP Fioneer’s Cloud for Banking (C4B) application. This partnership will “allow COMO’s customers immediate access to rich core banking functionality, while enabling real-time payment transactions and reducing costs by up to 60% for corporates.” The C4B system and… Read More

May 10, 2022 @ 1:44 pm By Omar Faridi  |  

Global information and insights provider TransUnion has reportedly appointed Amanda Rendle to its UK board as a non-executive director. Rendle brings considerable experience in marketing and communications spanning four decades, with extensive expertise in financial services. Rendle has previously led an established customer engagement program… Read More

May 10, 2022 @ 10:14 am By JD Alois  |  

Global crypto exchange KuCoin has raised $150 million in a pre-Series B round at a valuation of $10 billion, according to the company. In November 2018, KuCoin raised a $20 million Series A. KuCoin was launched in September 2017 and operates a digital asset marketplace… Read More

May 10, 2022 @ 8:18 am By Omar Faridi  |  

According to Carta data, the market for secondary liquidity “is still heating up.” Carta recently shared what they know: Q1 2022 saw a 57% increase over Q1 2021 in the number of secondary deals Dollars transacted rose $357M (+95%) over the Q1 2021 total Most… Read More

May 10, 2022 @ 8:16 am By Omar Faridi  |  

Residently, which is focused on “building the brand” for the world’s $2 trillion long term home rental market, has acquired 161% (£2,015,460) of its £1,250,000 target from 481 investors through its crowdfunding campaign carried out via Seedrs (at the time of writing). Located in London,… Read More

May 10, 2022 @ 8:12 am By Omar Faridi  |  

Legaltech company PocketLaw recently confirmed that it has finalized a €10 million Series A round that was led by European venture capital firm, Atomico. Targeting legal services for small and medium-sized firms, PocketLaw’s (software-as-a-service) SaaS platform provides contract creation, legal discovery, execution, storage, and various… Read More

May 10, 2022 @ 12:40 am By Omar Faridi  |  

PeerBerry’s business partner – real estate developer SIB Group – successfully “closed the residential building project ‘Talino’” in Vilnius, the capital of Lithuania. The real estate loan of €1 million, plus an interest rate of €74,490 (total amount of EUR 1 074 490) was reportedly… Read More

May 9, 2022 @ 9:25 pm By JD Alois  |  

Accelerated Payments, an invoice financing and SME credit platform, has appointed Steven Conrad as Vice President of Business Development for North America as the Fintech looks to boost its lending activity on the continent. Conrad will be based in Toronto. Accelerated Payments noted that the… Read More

May 9, 2022 @ 6:47 pm By Omar Faridi  |  

Under the background of the Russian- Ukrainian War and sanctions in western countries, a global commodity crisis is “brewing” and the new global monetary system – Bretton Woods Ⅲ may be developing, said Zoltan Pozsar, an analyst at UBS. A recent report by Huobi Research… Read More

May 9, 2022 @ 6:43 pm By Omar Faridi  |  

Hilary Wiek, CFA, CAIA Lead Analyst, Fund Strategies & Sustainable Investing, notes that when Pitchbook last reported their benchmark returns, performance “was through June 2021.” The research report also mentioned that vaccines “were available, masks were coming off, and many office workers had resumed their… Read More

May 9, 2022 @ 3:16 pm By JD Alois  |  

Mentum, a Latin American-focused Fintech, has raised a $4.2 million seed round led by Google’s Gradient Ventures. Other investors include Global Founders Capital, TwentyTwo VC, Soma Capital, Y Combinator, and the co-founders of Plaid and Jeeves. Mentum made the announcement last month sharing that they… Read More

May 9, 2022 @ 2:49 pm By Omar Faridi  |  

Flagstone, the United Kingdom’s Cash Deposit Platform, has announced the addition of two non-executive directors to its Board of Directors. The additions, designed to increase the depth of experience on the board, also “reflect the company’s commitment to ensure diversity of thought is encouraged across… Read More

May 9, 2022 @ 10:33 am By Omar Faridi  |  

Fintech startup FQX, which is known for its eNote, a blockchain-powered debt instrument, has appointed James H. Freis, Jr. as the firm’s new Regulatory Technology Officer. Freis draws upon his experience “from the public and private sectors in Europe, the United States, and globally, to… Read More

May 9, 2022 @ 9:15 am By JD Alois  |  

LedgerEdge has announced a regulated bond trading platform that utilizes distributed ledger technology (DLT or blockchain). LedgerEdge has selected Corda’s R3 permissioned blockchain to power the trading platform. LedgerEdge shares that it is targeting the $41 trillion global corporate bond market, much of which is… Read More

May 9, 2022 @ 8:12 am By Omar Faridi  |  

Build to Rent (BTR) developments are “exactly” as they sound: purpose-built residential units designed “to be rented out rather than sold,” the CrowdProperty team notes. In most cases, these schemes usually “offer longer tenancy terms and are managed by the owner or operator of the… Read More