Global

June 1, 2022 @ 3:57 pm By Omar Faridi  |  

Pagaya, a global, data-driven financial technology company reshaping the future of finance, has announced Ashok Vaswani as its President. This additional key hire “is a pivotal next step to continue the company’s recent growth and expected ascent to becoming a publicly traded company in June.”… Read More

June 1, 2022 @ 3:54 pm By Omar Faridi  |  

Koen Köppen has reportedly joined Mollie as their new chief technology officer (CTO) to support their expansion into “world-class” financial services. Koen joins after “spending more than a decade at Klarna, where he held several leadership positions before being named the Swedish fintech’s CTO almost… Read More

June 1, 2022 @ 11:56 am By Omar Faridi  |  

KuCoin, which claims to be a “leading” global cryptocurrency trading platform, has launched its “brand-new” decentralized product — KuCoin Wallet, with its website “going live for users to access the service starting June 1st.” The official app of KuCoin Wallet is also expected “to launch… Read More

June 1, 2022 @ 11:32 am By Omar Faridi  |  

Glory, which claims to be a global “leader” in cash technology solutions to the financial and retail industries, has announced their participation in the fundraising round by Clip Money Inc. (TSXV: CLIP) a Fintech operating in Canada and the US. Clip Money “simplifies the challenges… Read More

June 1, 2022 @ 10:44 am By JD Alois  |  

Marqeta (NASDAQ:MQ) has announced a new partnership with European Fintech Klarna, a buy now – pay later (BNPL) provider. According to a statement by Marqeta, Klarna will use it to issue the Klarna Card, enabling its customers in the US to pay anywhere using Klarna’s… Read More

June 1, 2022 @ 7:46 am By Omar Faridi  |  

The United Kingdom’s cost of living crisis is leading to a considerable increase in consumers checking their credit score. This, according to a recent update from Lloyds Bank. Elyn Corfield, Managing Director Consumer Finance at Lloyds Bank said: “Almost 1 million people checked their credit… Read More

June 1, 2022 @ 7:40 am By Omar Faridi  |  

Fireblocks, which claims to be the industry “leader” focused on digital asset and crypto technology, announced that it has appointed the former Head of Fintech at the Bank of England, Varun Paul, “as its new Central Banking Digital Currency (CBDC) and Market Infrastructure Director.” In… Read More

June 1, 2022 @ 7:37 am By Omar Faridi  |  

Newly authorized mobile-only UK bank Kroo has acquired £26 million in capital in order to grow its professional team and further expand its product offerings. Kroo‘s current product range incudes a prepaid debit card and app, which enables clients to quickly create groups with friends,… Read More

June 1, 2022 @ 7:35 am By Omar Faridi  |  

Debite, the “dynamic” financing platform for early-stage companies, has announced its UK launch with a mission “to help businesses more effectively manage their cashflow and maximize their growth potential.” Tackling one of the primary reasons why most start-ups fail, Debite’s Buy Now Pay Later model… Read More

June 1, 2022 @ 2:07 am By Omar Faridi  |  

WeAre8, a B Corp social platform that enables people to be paid & donations made for watching ads, has acquired 157% (£1,572,140) of its £1,000,000 target from 660 investors (at the time of writing) through its crowdfunding campaign carried out via Crowdcube (with 23 days… Read More

May 31, 2022 @ 11:37 pm By Omar Faridi  |  

Merge has secured $9.5 million in capital via a seed round in order to create its API-powered banking and payments solution, effectively bridging the gap between fiat and cryptocurrency-based ecosystems. Merge aims to address the ongoing struggle that many firms in the crypto economy face… Read More

May 31, 2022 @ 11:00 pm By Omar Faridi  |  

Sustainable finance service provider ecolytiq has reportedly finalized a €13.5 million financing round that was led by Visa (NYSE: V) along with other blue chip investors. Consulting company PwC Germany also took part in the investment round via a fund that’s managed by Segenia Capital,… Read More

May 31, 2022 @ 5:04 pm By JD Alois  |  

Tether, issuer of the world’s largest stablecoin by market cap (USDT), has launched another stablecoin – this time pegged 1 to 1 to the Mexican Peso. Tether did not provide details on how the 1 to 1 peg is managed or whether the Mexican currency… Read More

May 31, 2022 @ 3:14 pm By Omar Faridi  |  

NatWest has introduced an API that allows commercial clients to embed Confirmation of Payee into their own systems and processes. Confirmation of Payee was launched across the United Kingdom’s banking sector in June 2020 in order to combat scammers and safeguard against user errors. The… Read More

May 31, 2022 @ 3:13 pm By Omar Faridi  |  

  Mondu is pleased to announce an important milestone in their company’s history: their $43 million Series A round. Since being founded in August 2021, they’ve been focused on “delivering a highly attractive product, growing [their] merchant base and the number of businesses [they] serve,… Read More

May 31, 2022 @ 3:07 pm By Omar Faridi  |  

The team at digital asset firm Kraken says they are pleased to announce that their crypto trading platform now supports Alchemy Pay (ACH), IDEX (IDEX) and Request (REQ). Funding is live, and trading will “begin on May 31 at approximately 14:30 UTC.” You may keep… Read More

May 31, 2022 @ 12:27 pm By Omar Faridi  |  

The team at Fintech Monzo notes that you can now send funds abroad from your Monzo Business account. Monzo confirmed that they have partnered with global Fintech firm Wise (LSE:WISE) in order to give clients a simple, affordable way to send funds overseas. The money… Read More

May 31, 2022 @ 12:17 pm By Omar Faridi  |  

Clear Junction has recently announced it is providing a range of cross-border payments services to NovaPay, the payment arm of one of the “major” retail logistics brands in Ukraine. The Nova Poshta group is a postal and courier company that “provides express delivery services for… Read More

May 31, 2022 @ 11:11 am By JD Alois  |  

Wirex, a payments platform that incorporates crypto transactions, has announced the listing of a new stablecoin NXUSD by Nereus. The stablecoin is said to be “fully collateralized” or “over-collateralized.” NXUSD is an ERC-20 token utilizing the Avalanche blockchain. Collateral for the digital asset is in… Read More

May 31, 2022 @ 9:28 am By Omar Faridi  |  

Since the beginning of 2022, more than 3,000 investors have reportedly joined Robo.cash. For the first quarter, investors’ earnings amounted to a record number and the platform reached a new milestone in financed loans. On average, about 600 people a month have been “registered on… Read More