Global

January 19, 2022 @ 10:47 am By Omar Faridi  |  

UK’s Blend Network, a specialist development finance lender, has responded to “growing demand for light refurbishment projects.” As mentioned in an update shared with CI, specialist development finance lender Blend Network has announced today the launch of a new Light Refurbishment Plus product range “specifically… Read More

January 19, 2022 @ 10:42 am By JD Alois  |  

Hedera Hashgraph says it will open-source its blockchain technology during 2022. Simultaneously, the Hedera Governing Council reports that it has voted to purchase the intellectual property rights to the Hashgraph consensus algorithm from Swirlds, Inc., the original creator of the Hashgraph consensus algorithm and founding… Read More

January 19, 2022 @ 9:41 am By JD Alois  |  

QED Investors has hired two new executives to boost its presence in Africa. QED is one of the most prolific Fintech investors in the world. Founded by Nigel Morris and Frank Rotman in 2007, QED’s timing was just about perfect enabling it to benefit from… Read More

January 19, 2022 @ 9:31 am By JD Alois  |  

Linked Finance, a peer-to-peer lending platform serving Irish SMEs, says it has incorporated open banking technology to speed up the lending process. Open banking can enhance financial services by seamlessly accessing data and information across different platforms. By integrating with other financial services providers, products… Read More

January 19, 2022 @ 8:58 am By Omar Faridi  |  

The Sentinel Protocol team, which is operating a platform leveraging blockchain technology in order to harness collective cyber security intelligence to protect crypto assets against hackers, scams and fraud, has provided an update regarding the suspicious activity incident involving Crypto.com. Through their team’s preliminary analysis,… Read More

January 19, 2022 @ 8:56 am By Omar Faridi  |  

Today, the team at digital bank Zopa is “incredibly proud” to announce that their customers have trusted them with over £1 billion of their “hard-earned” savings. In an update shared with Crowdfund Insider, Zopa‘s management noted that their award-winning Zopa Fixed Term Savings Account offers… Read More

January 19, 2022 @ 1:24 am By Omar Faridi  |  

Bank North, a Fintech-enabled bank, which will combine cloud-native tech with the trust of face-to-face relationship banking with the “aim of disrupting the £150bn UK SME lending market,” has secured 114% (£1,552,134) of its £1,350,000 target from 486 investors (at the time of writing) with… Read More

January 18, 2022 @ 11:46 pm By Omar Faridi  |  

The team at UK’s investment platform easyMoney notes that the use of Fintech apps is increasing steadily across the globe. That’s why they decided to also launch their own app for their customers. The company wrote in a blog post that half of easyMoney investors… Read More

January 18, 2022 @ 11:37 pm By Omar Faridi  |  

The team at Utrust notes that if you’ve been following them for a while, then you will know that they are “not fond of overly hyping [their] announcements.” Utrust claims that they are “focused on delivering, not fanfare.” The company writes in a blog post… Read More

January 18, 2022 @ 11:31 pm By JD Alois  |  

eToro, an online investment platform, says it has added exchange-traded funds (ETFs) and stocks to its US-facing offerings. eToro already offers crypto trading in the US. Crypto trading is offered via eToro USA LLC and securities trading is offered via eToro USA Securities, Inc., a… Read More

January 18, 2022 @ 11:16 pm By JD Alois  |  

Doconomy has raised $19 million in an equity round led by CommerzVentures. Doconomy is a climate tech firm that helps banks, brands, and consumers to measure and reduce their environmental impact. Other backers include two new investors, Ingka Investments, part of the largest IKEA retailer… Read More

January 18, 2022 @ 10:43 pm By Tony Zerucha  |  

The Network for Greening the Financial System (NGFS) this week announced the appointment of the Monetary Authority of Singapore’s (MAS) managing director Ravi Menon as their new chair. He will serve for a two-year term. Formed at the Paris One Planet Summit in December 2017 by… Read More

January 18, 2022 @ 10:41 pm By Omar Faridi  |  

If the world of payments has taught us “one thing,” it’s that “keeping up with the changes holds the power to keep both customers and business partners satisfied,” according to an update from Nium. Nium writes in a blog post that as more firms are… Read More

January 18, 2022 @ 8:41 pm By Omar Faridi  |  

Shaun Scovil, General Manager at digital assets firm Poloniex, notes that as they embark on their eighth year of operations, the team has reflected on all the great things they think they’ve accomplished so far, while “preparing for the exciting challenges and opportunities ahead.” Shaun… Read More

January 18, 2022 @ 6:37 pm By Tony Zerucha  |  

Payment technology platform Global Processing Services this week announced the closure of its latest funding round at an upsized total of more than $400 million. Joining the frays are global investment firm Temasek and American growth equity outfit MissionOG. The funds will be used for new… Read More

January 18, 2022 @ 12:01 pm By Omar Faridi  |  

Legal Utopia, a powerful AI-enhanced app with the aim of “connecting legal consumers with a vast network of legal services,” has acquired 77% (£154,906) of its £200,000 target from 50 investors (at the time of writing) through a crowdfunding campaign carried out via Seedrs. With… Read More

January 18, 2022 @ 11:58 am By Sarah Touzani  |  

Surging global inflation is the number one concern for many households in 2022. With living costs continuing to rise much faster than wages, household budgets are increasingly stretched. Let’s take a closer look at how inflation is changing the game. In the UK, inflation has… Read More

January 18, 2022 @ 11:01 am By JD Alois  |  

Challenger Bank North, a modern spin on SME banking, has kicked off lending with its first “regional pod” in Manchester. Bank North notes that lending is commencing following a debt facility provided by Insight Investment announced in December 2021. Bank North received its banking license last… Read More

January 18, 2022 @ 10:37 am By JD Alois  |  

SteelEye, a Regtech firm that aims to simplify compliance for global financial institutions, is reporting that revenues increased by 88% year-on-year in 2021. SteelEye adds that the company now has over 120 institutional clients worldwide, including new clients Oppenheimer Europe Ltd and JonesTrading. Headquartered in… Read More

January 18, 2022 @ 10:15 am By Omar Faridi  |  

The team at digital bank Revolut has noted that they hear about exchange rates all the time. The company has commented on what they actually are and why they can be very important. As explained by Revolut, foreign currency exchange rates are a way to… Read More