Global

February 16, 2022 @ 12:46 pm By Omar Faridi  |  

Capchase, a provider of non-dilutive capital for recurring-revenue firms, announced that it will open a new European HQ in London. The news follows a considerable surge in demand for Capchase’s services with over $200 million already being made available to UK-based startups. In an update… Read More

February 16, 2022 @ 9:28 am By JD Alois  |  

In a speech delivered to the European Parliament, Christine Lagarde, the President of the European Central Bank (ECB), stated that a decision on a digital Euro will be made by 2024. The ECB decided to launch the investigation phase of the digital euro project in… Read More

February 16, 2022 @ 8:31 am By Omar Faridi  |  

The team at European lender Mintos has shared updates about the latest actions taken in the case of GetBucks Botswana, GetBucks Zambia, and their guarantor – Luxembourg-headquartered firm MyBucks SA. GetBucks Botswana (Cashcorp Proprietary Limited, Firstcred Limited, TU Employee Benefits Proprietary Limited) and GetBucks Zambia… Read More

February 16, 2022 @ 8:29 am By Omar Faridi  |  

MoneyGram International, Inc. (NASDAQ: MGI), a firm focused on the evolution of digital P2P payments, and Madison Dearborn Partners, LLC, a private equity firm based in Chicago, have entered a definitive agreement under which funds affiliated with MDP will “acquire all outstanding shares of MoneyGram… Read More

February 16, 2022 @ 4:17 am By Omar Faridi  |  

Plum, Europe’s money management app, has appointed Phu Ly to serve as Product VP, as the business gets ready for a year of steady growth following a recent $24 million Series A round. Ly has been responsible for leading product teams at high growth, digital-first… Read More

February 16, 2022 @ 3:39 am By Omar Faridi  |  

Brad Goodall, CEO and Founder at Banked, notes that it’s a big day for the company – with the announcement of their Series A and their partnership with Bank of America. Goodall also mentioned that the entire team at Banked have worked really hard to… Read More

February 16, 2022 @ 1:35 am By Tony Zerucha  |  

Cryptocurrency regulations are evolving quickly around the globe as authorities respond to the growing risks posed by criminals exploiting the latest payment methods to mask and launder the profits from their crimes. According to William Je, founder and CEO of Hamilton Investment Management, this growth has warranted the introduction… Read More

February 15, 2022 @ 11:32 pm By Tony Zerucha  |  

Cryptocurrency infrastructure provider Wyre has integrated with the Stellar network to effectively onboard local Brazilian and Argentinian currencies into digital assets. Through the integration, Wyre is growing functionality in Latin America and allowing developers and businesses looking to leverage cryptocurrency transactions to expand into new… Read More

February 15, 2022 @ 6:51 pm By Omar Faridi  |  

Bitcoin’s energy usage and its “indirect” environmental impact have been a topic of heated discussions, from “humble” beginnings in early forum posts of Satoshi Nakamoto (the pseudonymous creator of Bitcoin), to its eventual culmination as the topic of an entire committee hearing in the US… Read More

February 15, 2022 @ 5:08 pm By Omar Faridi  |  

BBVA (NYSE: BBVA) has reportedly agreed to invest $300 million (around €263 million) in Neon, a Brazilian digital bank founded in 2016 that aims “to improve access to financial services for individuals, self-employed and small businesses in its country.” Neon claims 15 million registered accounts…. Read More

February 15, 2022 @ 3:15 pm By Tony Zerucha  |  

Assetz Capital plans to lend £1 billion to homebuilders in 2022 before ramping it up 50 per cent in 2023 to £1.5 billion, the company said this week. The announcement was made by parent company Assetz. The move is designed to stimulate demand amongst SME… Read More

February 15, 2022 @ 3:05 pm By Omar Faridi  |  

The correlation of Bitcoin (BTC) to the Nasdaq stands at around 53% and declining. Recently, the S&P and the Nasdaq have stabilized after the late January 2022 selloff, according to an update from BitOoda. As they’ve noted, a large down day in the Nasdaq is… Read More

February 15, 2022 @ 12:36 pm By JD Alois  |  

Recharge.com, a European payments provider, says that interim Chief Financial Officer Freddy Dijkman is now the permanent executive holding that position. Recharge states that Dijkman previously worked at other tech firms like T-Mobile, Kinly, and Avaya. Recharge’s CEO Günther Vogelpoel commented: “We are thrilled to… Read More

February 15, 2022 @ 10:10 am By JD Alois  |  

The Kalifa Review of Fintech was published almost one year ago. The document was constructed to help guide the UK in its mission of supporting and promoting its prominence as a global Fintech hub. The UK has long been a vital financial center – second only to… Read More

February 15, 2022 @ 9:35 am By Omar Faridi  |  

Stitch is building the financial infrastructure to support Africa’s Fintech industry. Stitch has raised $21 million via an investment round led by The Spruce House Partnership, along with contributions from PayPal Ventures, TrueLayer, firstminute capital, The Raba Partnership, CRE Venture Capital, Village Global, Zinal Growth… Read More

February 15, 2022 @ 9:09 am By JD Alois  |  

Zopa Limited has filed several new documents on Companies House with one indicating a new person with significant control. According to the document, Plata Holdings UK Limited now holds 75% or more of the shares in the company including voting rights. The document was filed… Read More

February 15, 2022 @ 8:35 am By Omar Faridi  |  

Intesa Sanpaolo, which is Italy’s largest bank by total assets and one of Europe’s most profitable and sustainable financial institutions, has chosen Thought Machine, the United Kingdom-based core banking tech firm, to support its digital banking platform. In conjunction with this partnership, Intesa Sanpaolo has… Read More

February 15, 2022 @ 3:08 am By Omar Faridi  |  

When the COVID-19 crisis struck, working practices changed for many individuals and businesses across the globe. Offices had been closed and corporate travel was at a standstill, as virtual networks began replacing physical networking. Fast forward two years and while lockdowns are easing and conferences… Read More

February 15, 2022 @ 2:17 am By Omar Faridi  |  

The early stage continues to resemble the “late stage of years past.” Last year, the median early-stage valuation surged 50% YoY to $45.0 million. This value represents a greater median than the late stage only a few years ago “and illustrates the tsunami of capital… Read More

February 15, 2022 @ 1:46 am By JD Alois  |  

Minterest has closed a $5.52 million USD token sale, according to a company release.  Minterest states that its fully diluted valuation now stands at $514 million. Minterest claims that it is set to introduce its DeFi 2.0 model. The sale was conducted via an LBP… Read More