Global

March 21, 2022 @ 8:19 am By JD Alois  |  

ClearBank, a Fintech that is licensed by the Prudential Regulation Authority and regulated by the Financial Conduct Authority, has raised £175 million in equity capital at an undisclosed valuation, according to a company statement. The new capital was led by funds advised by Apax Digital,… Read More

March 21, 2022 @ 8:06 am By Omar Faridi  |  

Townsend Lansing, Head of Product at CoinShares and Nick du Cros, the Head of Compliance and Regulatory affairs at CoinShares, have noted that there appears to have been “quite a bit of confusion” in the digital assets community recently regarding the proposals in the EU… Read More

March 21, 2022 @ 8:04 am By Omar Faridi  |  

Lithuania’s borderless financing platform Debitum confirms that the ongoing war in Ukraine is affecting everyone. Debitum is “strongly against” the Russian aggression and they are supporting their partners and their employees based in Ukraine. For investors, “who purchased claim rights related to borrowers from Ukraine,… Read More

March 21, 2022 @ 6:23 am By JD Alois  |  

Fin+Tech, an Italy-based acceleration program supporting startups in the Fintech and Insurtech space, has completed the selection of the 16 start-ups that will join the first cycle of the program, according to a public statement. The accelerator is part of the CDP National Accelerators Network,… Read More

March 21, 2022 @ 2:05 am By Omar Faridi  |  

This month, the Buy-to-Let team at leading UK-based property Fintech LendInvest has taken an in-depth look at the Limited Company market, as well as the “appetite and use of long-term rates” after they introduced their “first 10-year product range, to complement our 5- and 7-year… Read More

March 21, 2022 @ 1:56 am By Omar Faridi  |  

After a very “ambitious” January 2922, the collection and recovery numbers “settled more” in February on Bondora. The Bondora team revealed that the number of payments and the cash collected “declined by 0.6% and 16%, respectively.” This is the first time in 6 months that… Read More

March 21, 2022 @ 1:01 am By Omar Faridi  |  

Tony Kear from UK’s Assetz Capital notes that he joined in November 2020 and was “just getting his feet under the desk when COVID hit.” Tony Kear shares that he started his Corporate Banking career in 1990 based in NatWest Bridgend with “an emphasis on… Read More

March 20, 2022 @ 11:59 pm By Omar Faridi  |  

In recent years, the peer-to-peer market has become “a competitive alternative to traditional assets due to attractive returns on investments, their predictability (yield and term are known in advance), ease of management and low volatility.” according to an update from Robo.cash. However, Robocash clarifies that… Read More

March 20, 2022 @ 9:27 pm By Omar Faridi  |  

Digital asset firm Okcoin notes that they are the first US licensed exchange to offer Kadena’s token, KDA, “against USD.” You can now deposit KDA on Okcoin. This offer is for all customers including those in the United States, “except for residents of the EU,… Read More

March 20, 2022 @ 8:58 pm By Omar Faridi  |  

PeerBerry notes that their business partners have assessed the changes in interest rates in international markets and have “made appropriate changes in the interest rates on loans offered to invest in on the PeerBerry platform – the interest rates are slightly increasing.” Interest rates on… Read More

March 20, 2022 @ 7:04 pm By JD Alois  |  

In the early days of the Russian invasion, the Ukrainian government, along with other charities and independent media, leveraged cryptocurrency to expedite transfers of money in the form of donations. By accepting crypto, Ukraine benefits from the speed of transfer – instantaneous – and the… Read More

March 20, 2022 @ 6:42 pm By Omar Faridi  |  

Capdesk, an equity management platform, recently announced an alliance with Fidelity, one of the world’s leading investment management services. It means that, in an “industry-first,” growing European companies will be “able to efficiently transition their employee share plans from private to public markets.” Analysis of… Read More

March 20, 2022 @ 3:38 pm By Omar Faridi  |  

London-headquartered Fintech firm Zilch reports steady growth, indicating that clients are responding to the company’s ongoing efforts to offer what CEO Philip Belamant describes as the “the democratization of free credit.” In November of last year, Zilch had been valued at around $2 billion only… Read More

March 20, 2022 @ 3:31 pm By Omar Faridi  |  

Regtech company Tintra PLC has confirmed the development of what is considered to be one of the first Web 3.0 banking platforms. The new Web 3.0-focused platform will aim to expand Tintra’s technological capabilities with the upcoming launch of a fully functional Metaverse bank. Although… Read More

March 19, 2022 @ 6:51 pm By Omar Faridi  |  

Aazzur has reportedly agreed to a sales partnership with European Banking-as-a-Service (BaaS) platform Treezor in order to allow both companies to expand their customer base and strengthen their BaaS offering. Treezor will offer its regulatory and technical expertise by providing its payment infrastructure for account… Read More

March 19, 2022 @ 11:44 am By Omar Faridi  |  

Allica Bank has reportedly secured more than £1 billion in total deposits from businesses as well as individual savers. The key milestone comes after Allica Bank had preformed considerable work to further diversify its deposit-acquring channels. Along with introducing its range of personal and business… Read More

March 19, 2022 @ 10:48 am By Omar Faridi  |  

Fellow Finance‘s general meeting has on 22 December 2021 approved the merger of Fellow Finance into Evli Bank Plc “in accordance with the merger plan signed on 30 September 2021.” The planned effective date of the merger “is on or about 2 April 2022.” The… Read More

March 19, 2022 @ 10:44 am By Omar Faridi  |  

Ripple, which claims to be the leader in enterprise-grade blockchain and crypto solutions, is committing 1B XRP to “accelerate development and new use cases on the XRP Ledger (XRPL).” The fund is “an extension to the XRPL Grants program which launched in 2021 and, to… Read More

March 18, 2022 @ 5:26 pm By Omar Faridi  |  

TrueLayer, which claims to be one of Europe’s leading open banking platforms, recently announced that former Amazon executive David Exposito has now joined the company in the newly created role of VP of EU Sales, where he will “manage commercial operations and development, including the… Read More

March 18, 2022 @ 3:21 pm By Tony Zerucha  |  

World Mobile Group, a global mobile network combining renewable energy with blockchain technology, has partnered with COTI, creator of the DJED stablecoin and ADA Pay, which allows merchants to accept ADA for their goods and services. Through the partnership, COTI brings ADA Pay to retailers and… Read More