Global

March 12, 2022 @ 5:36 pm By JD Alois  |  

Early-stage Fintech Kolleno has raised  £4 million in seed funding, according to a statement by the company. The funding was led by Eurazeo and Stride.VC. Other investors include Euler Hermes, HubSpot, and several angel investors including Michael Pennington, Mark Ransford, and Will Neale. Kolleno was… Read More

March 12, 2022 @ 2:45 pm By Omar Faridi  |  

Dutch Buy Now, Pay Later (BNPL) Fintech in3 has secured $11.1 million in capital and entered a deal with payments company Worldline in order to bring its products and services to more merchants. In3 was launched back in 2018 by a professional team that had… Read More

March 12, 2022 @ 2:36 pm By JD Alois  |  

PayPal (NASDAQ:PYPL), a global payments provider that continues to offer a growing amount of Fintech services, says it will block wallets in Russia beginning on March 18th. The news follows an ever-increasing number of financial services firms that have temporarily shut down services or blocked offerings… Read More

March 12, 2022 @ 2:04 pm By Omar Faridi  |  

Capchase, a firm offering non-dilutive capital for recurring-revenue businesses operating in the US and Europe, announced an $80 M Series B round which has been led by 01 Advisors. QED, Caffeinated Capital, Bling Capital, ScifiVC, Thomvest Ventures, Tusk Venture Partners, Invesco and Gaingels also contributed… Read More

March 12, 2022 @ 11:16 am By JD Alois  |  

Zhejiang University International Business School (ZIBS) has concluded the Fintech and Regulatory Innovation (FTRI) Program for its inaugural China cohort, according to a statement from the organizers. The school reports that this cohort was comprised of 34 executives and senior managers from Mastercard, Invesco Asia-Pacific,… Read More

March 12, 2022 @ 10:58 am By Omar Faridi  |  

Curve, the financial super app which supports clients with better understanding and mastering their finances by bringing together debit, credit and loyalty cards into a single interface, recently confirmed its entry into US markets. Curve is currently available to download for US clients, who are… Read More

March 12, 2022 @ 8:53 am By Omar Faridi  |  

Global identity verification firm, Trulioo, has introduced a set of resources in order to support modern security professionals as they “shape safety and security practices in the digital world.” Data found that compliance, risk and IT security professionals are “critical to supporting business growth.” These… Read More

March 11, 2022 @ 3:35 pm By JD Alois  |  

Visa (NYSE:V) has completed the acquisition of Tink, a Swedish open banking platform. The acquisition was announced in June 2021 at a valuation of €1.8 billion. At that time Tink stated that it became clear that they shared a common mission with Visa to “connect… Read More

March 11, 2022 @ 2:04 pm By Omar Faridi  |  

Magway, a zero-emissions goods delivery system on “a mission to help the world meet net-zero targets by 2050,” has secured 120% (£904,034) of its £750,000 target via Crowdcube from 821 investors (at the time of writing)  with 11 days left in its crowdfunding campaign. Recognized… Read More

March 11, 2022 @ 12:43 pm By JD Alois  |  

Stellar Development Foundation, MoneyGram International, Inc. (NASDAQ: MGI), and Techstars, have announced a partnership to recruit founders globally who are focused on tech innovation in areas such as blockchain and digital payments to further streamline cross-border payments and support financial inclusion. The partnership builds on the… Read More

March 11, 2022 @ 12:23 pm By Omar Faridi  |  

Payments company Stripe supports cryptocurrency businesses, including digital asset trading platforms, online wallets, and (non-fungible token) NFT marketplaces. The new service will be provided in partnership with FTX and FTX US (the US-facing crypto exchange). The update was shared by Stripe co-founder John Collison via… Read More

March 11, 2022 @ 8:59 am By JD Alois  |  

Insurtech MGA Loadsure has closed on an $11 million Series A funding round, led by MMC Ventures, according to a statement by the company. Additional investors in the round include Crowley and existing investor Insurtech Gateway. Loadsure claims title as the industry’s first transactional cargo… Read More

March 11, 2022 @ 8:17 am By Omar Faridi  |  

EBANX, a payments Fintech with an international presence, has introduced a brand new positioning and design. Created in “celebration” of its 10-year anniversary in February, the latest branding “marks the expansion of the company’s global teams located in regions such as Asia, Europe, and the… Read More

March 11, 2022 @ 8:06 am By JD Alois  |  

Digital bank Revolut has raised €10 million to benefit the people of Ukraine. The donations have been coordinated with Red Cross Ukraine and include matching contributions from Revolut. Russia invaded Ukraine in an unprovoked act of war on Thursday, February 24. On March 1st, Revolut… Read More

March 11, 2022 @ 7:52 am By Omar Faridi  |  

Buildiro, a metasearch engine and aggregation site for “locating and purchasing building supplies,” has acquired 76% (£228,833 ) of its £300,001 target from 55 investors via Seedrs (at the time of writing) with 28 days left in the firm’s crowdfunding campaign. Based in London, UK, Buildiro… Read More

March 11, 2022 @ 1:37 am By Omar Faridi  |  

With the integration of blockchain or distributed ledger technology, the online gaming industry is now being steered towards a bigger vision of immersive virtual worlds and gaming economies that give a whole new definition to the industry. Projects like Axie Infinity, Decentraland, and Alien Worlds… Read More

March 10, 2022 @ 11:44 pm By Omar Faridi  |  

UK’s banking app provider Novus has been working cooperatively with Sustainability-as-a-Service provider ecolytiq to offer Novus’ sustainable banking app. All Novus clients in the UK get more transparency on their personal carbon footprint with each payment completed. This way of banking assists clients with better… Read More

March 10, 2022 @ 10:04 pm By Omar Faridi  |  

Danish Fintech Cardlay has reportedly acquired $6 million (appr. DKK 40 million) and also attracted one of Europe’s IT directors. The Fintech firm has now moved closer to becoming a preferred payment partner for business clients. With this latest capital injection, the Danish Fintech is… Read More

March 10, 2022 @ 8:51 pm By Omar Faridi  |  

We recently connected with Mikkel Velin, Co-CEO, YouLend, which works with digital commerce platforms (inc. eBay and Shopify) in order to offer merchants access to fast and reliable funding. During a discussion with CI,  YouLend‘s management noted that the UK government’s Help to Grow scheme… Read More

March 10, 2022 @ 8:47 pm By Omar Faridi  |  

ACI Worldwide (NASDAQ: ACIW), the international firm focused on “mission-critical,” real-time payments software, has announced the launch of Fraud Scoring Services—which is a fraud scoring platform offering next-gen machine learning capabilities for financial institutions of all sizes “to deliver real-time fraud detection and prevention.” Underpinned… Read More