Global

February 24, 2022 @ 8:40 am By JD Alois  |  

Leading European association that advocates on behalf of securities crowdfunding, the European Crowdfunding Network (EUROCROWD), has announced a new partnership with the European Association for Local Democracy (ALDA) creating a “cross-membership agreement” to develop activities of common interest, according to a statement by EUROCROWD. ALDA… Read More

February 24, 2022 @ 8:28 am By Omar Faridi  |  

One positive development during the past year has been law enforcement’s “growing” ability to seize virtual currency from criminals, according to an extensive update from Chainalysis. The US Department of Justice (DOJ) seized $2.3 million in crypto from the DarkSide ransomware operators who were allegedly… Read More

February 24, 2022 @ 8:26 am By Omar Faridi  |  

Mecanicus, a company focused on driving a “revolution” in the classic car market to ensure its “transmission to future generations,” has secured 113% (€568,692) of its €500,000 fundraising target via Crowdcube (from 121 investors at the time of writing). Mecanicus notes that it aims to… Read More

February 24, 2022 @ 8:23 am By Omar Faridi  |  

European Fintech challenger bunq notes that managing your funds has become even easier when using their platform. The team at bunq writes in a blog post that consumers do not want to spend a lot of time on money admin, because there are so many… Read More

February 24, 2022 @ 8:20 am By Tony Zerucha  |  

Nexi, a European Paytech firm, and Fipe, an association representing businesses in the hospitality, tourism and entertainment industry, have signed a strategic agreement with the aim of supporting the relaunch of the over 300,000 Italian companies in the sector, which has been among the hardest… Read More

February 23, 2022 @ 6:13 pm By Omar Faridi  |  

Within any commerce ecosystem — particularly in digital commerce — chargebacks appear to have become a way of everyday life, according to an update from Verifi. For merchants, chargebacks can be a drain on both time and financial resources. Improved communication between merchants and issuers… Read More

February 23, 2022 @ 5:04 pm By Omar Faridi  |  

Private debt managers secured $191.2 billion last year, representing a 12.1% YoY gain and the second-highest annual tally on record, according to an update from Pitchbook. As noted in a report from Pitchbook, investors continued piling into these funds “despite the puzzling macroeconomic environment.” This… Read More

February 23, 2022 @ 5:01 pm By Omar Faridi  |  

A report shared by digital asset firm Coinbase (NASDAQ: COIN) had provided the latest updates on what WEFUZZ, the Coinbase Crypto Community Fund grant recipient, has been working on during the first part of their year-long Crypto development grant. This update covers their ongoing work… Read More

February 23, 2022 @ 4:19 pm By Tony Zerucha  |  

PDX Coin, a utility-based cryptocurrency that includes an in-development global crypto-to-fiat mobile payments app, announced this week it will commence trading on both the Uniswap decentralized exchange and on XT.com, beginning today. Currently, PDX trades on p2pb2b.io and Vindax. Uniswap is the world’s biggest decentralized… Read More

February 23, 2022 @ 3:36 pm By Omar Faridi  |  

Juniper Research reveals in a recent update that the digital advertising market has reached maturity, after having originated back in 1994. But the Juniper Research team also notes that the rise of new online platforms and innovative tech seems to have energized the world of… Read More

February 23, 2022 @ 9:47 am By Omar Faridi  |  

When we look back at the history of the cryptocurrency and the blockchain ecosystem, there will be two dates that really stand out: October 31, 2008: The day Satoshi Nakamoto released the Bitcoin whitepaper. July 30, 2015: The day Ethereum was launched. According to an… Read More

February 23, 2022 @ 9:24 am By JD Alois  |  

While some progress has been made, it should be clear now that progress, as outlined by the Kalifa Review of Fintech, is falling short. As has been widely discussed over the years, the UK is the leading global Fintech Hub. This has been accomplished due… Read More

February 23, 2022 @ 8:37 am By Omar Faridi  |  

The research team at BitOoda has provided an update on Bitcoin and broader public markets. As of February 15, 2022, $291 million in YTD fund outflows have taken place along with an inverted term structure of BTC volatility now “at 11% realized less implied.” As… Read More

February 23, 2022 @ 8:32 am By Omar Faridi  |  

The team at European lender Bondora notes that the collection and recovery team started 2022 on “a high note.” The number of loans issued via the platform and the total amount of debt recovered increased when compared to the last month. As noted by Bondora,… Read More

February 23, 2022 @ 8:29 am By Omar Faridi  |  

The first month of this year saw €16.3M in loans originated via EstateGuru with Estonia and Germany together contributing more than half the total amount of funding. Due to seasonality, repayments came in at a “modest” at €2.5M, accounting for 23 loans with “an average… Read More

February 23, 2022 @ 2:41 am By JD Alois  |  

Zurich-based lending Fintech Tradeplus24 is launching into the UK, according to a statement from the company. Simultaneously, Tradeplus24 announced it had closed on a £30 million debt facility provided by San Francisco-headquartered global credit fund, Partners for Growth (PFG). This transaction is one of PFG’s… Read More

February 23, 2022 @ 1:37 am By JD Alois  |  

Singapore-based Thunes is opening an office in Miami to expand into Latin American markets. Thunes is a payments Fintech that currently supports 79 currencies and 126 countries. Thunes also has established regional offices in London, Paris, Shanghai, New York, Dubai, and Nairobi. Thunes recently boosted its… Read More

February 23, 2022 @ 1:00 am By Omar Faridi  |  

Open Banking has been around for several years and it’s likely that it’s “here to stay,” according to an update from PensionBee. According to the online pension provider, this new tech has benefited over 4 million people in the United Kingdom and is set to… Read More

February 22, 2022 @ 9:17 pm By Omar Faridi  |  

Jack Wilson, Head of Public Policy at TrueLayer, notes that Open banking started back in 2018 thanks to appropriate regulations (PSD2) which gave consumers the right “to access their bank account data using third parties called account information services providers (AISPs).” However, these same set… Read More

February 22, 2022 @ 6:45 pm By Tony Zerucha  |  

Weavr, a UK-based company providing businesses with plug-and-play financial solutions, this week announced the close of a $40 million Series A funding round led by Tiger Global. Additional backers included Mubadala Capital, LocalGlobe’s growth stage Latitude Fund and past Weavr backers QED Investors, Anthemis and Seedcamp…. Read More