Global

We find Fintech news from around the world and share it with you here.

Paymentology and Tutuka Merge, Now Cover 49 Countries with Payments, Cards

Paymentology and Tutuka have agreed to merge, according to a statement by Paymentology. The two firms say they are joining to create a new payments and card processing powerhouse that will now operate in 49 different countries. The new company will operate under the Paymentology… Read More

Finland’s Card as a Service Fintech Enfuce Secures €45M via Series C led by Vitruvian Partners

Finland’s Card-as-a-Service (CaaS) platform Enfuce has finalized a €45 million Series C round that has been led by global growth investor Vitruvian Partners. Established in Finland, Enfuce has expanded its geographic presence in Germany and France and has more than 13 million active card users… Read More

European Fintech iwoca Announces Expansion of Merchant Cash Advance Product to Small Businesses

Fintech firm iwoca, which claims to be one of Europe’s largest small business lenders, recently announced the expansion of its merchant cash advance product to all small businesses “accepting card payments in the UK.” As mentioned in an update shared with CI, the merchant cash… Read More

CrowdProperty: We Have Paid £100 Million Back to Investors

Property investment platform CrowdProperty says it has surpassed £100 million paid to investors. According to the investment marketplace, investors have earned, on average, 8.3% IRR. Importantly, CrowdProperty reports that it has maintained 100% principle and interest payback for its marketplace lending service since 2014. In… Read More

Crunch, an Online Accountancy Software Platform for Small Businesses, Acquires £672,965 via Seedrs

Crunch, an online accountancy software & service platform for freelancers and small businesses, has secured 112% (£672,965) of its £600,002 target from 272 investors (at the time of writing) via Seedrs with 2 days left in the firm’s crowdfunding campaign. Based in Brighton, United Kingdom,… Read More

Bank of Ireland to Pay €24.5 Million Fine for Allegedly Failing to Maintain Proper IT Systems

The Bank of Ireland has reportedly been fined €24.5 million by the Central Bank for failing over the course of over 10 years to have a proper system in place to allow for the continuity of service to clients in the event of a major… Read More

NY Mets Owner’s VC Firm Backs 24 Exchange, a Bermuda based Trading Platform for Crypto and Traditional Assets

24 Exchange, a trading platform that has a mission is to enable the “most cost-effective trades across a growing range of asset classes, 24 hours a day” has raised $14.25 million led by Point72 Ventures. Point72 Ventures is Steve Cohen’s VC firm. Cohen is a… Read More

Quantum Computing: Classiq to Work with NTT DATA to Implement Credit Analysis Algos using Quantum Computers

Classiq, which offers a breakthrough Quantum Algorithm Design platform, has announced that it is working with NTT DATA to implement ‘”novel” credit risk analysis algorithms using quantum computers. Credit risk analysis “exists to determine the creditworthiness of borrowers or vendors to quantify and limit the… Read More

Celsius Network Confirms Badger Attack but No Client Funds Were Stolen

It was a tough couple of weeks for Celsius Network. Celsius is a neobank platform that touts its ability to generate returns on parked crypto. Currently, Celsius is promoting potential returns of over 17%. As was widely rumored, Celsius Network was impacted by the Badger… Read More

Novus World, the Impact Banking App Turning Spending into a “Force for Good,” Secures £999,860 via Seedrs

  Novus World, the impact banking app that aims to turn everyday spending into a “force for good,” has raised 111% (£999,860) of its £900,000 target from 269 investors (at the time of writing) via Seedrs with 24 days left in its crowdfunding campaign. Based… Read More

Bitcoin focused Fintech Firm Blockstream Reports that Recent BTC Price Correction Is One of 2021’s Mildest

Bitcoin-focused Fintech firm Blockstream has published its Markets Weekly report., Blockstream‘s report, dated December 3, 2021, notes that Fidelity has established a new BTC ETF in Canada, while GS is considering BTC lending. As mentioned in the report, VanEck has filed for a mining ETF,… Read More

Crowdfunded Electric Vehicle Firm Uniti Needs to Raise 5 Million SEK by Next Week or it May Shutdown

Uniti, an electric car firm based in Sweden that has raised funding online via crowdfunding offerings, a self crowdfunding round, as well as venture capital, says it must raise at least 5 million SEK (~$457,000) by December 10th or it is likely that Uniti will… Read More

Fintech Firm Monzo Explains How Consumers May Access their Services in the US, After N26 Announces Exit

Mobile banking app N26 recently confirmed that they’re getting ready to close down all US accounts in January 2022. As noted in a blog post by UK-based Fintech Monzo, this decision has “left many customers looking for a replacement that offers easy mobile banking, low… Read More

P2P Lender Robocash Financed €17M in Loans in Nov 2021, Reports 21,110 Investors Active on its Platform

Croatian P2P lender Robocash has shared the key results for the month of November 2021. Robo.cash writes in a blog post that less than a month before Christmas, they are “pleased to share the platform’s news for November.” The lending platform noted that loans worth… Read More

Fintech Firm GoHenry Introduces Direct Deposit for Working Teenagers

GoHenry, a debit card and financial education app designed for children ages 6-18, announced earlier this week a direct deposit feature for “working teenagers.” The addition of this workforce payment feature “allows teens 14 and older to have their paychecks deposited directly into their GoHenry… Read More

Overfunding: UK Fintech Freetrade Secures £8.7M+ from 6926 Investors via Crowdcube

Freetrade, a company that’s on a mission to get everyone investing, has secured  879% (£8,799,726) of its £1,000,000 fundraising target from 6926 investors (at the time of writing) via Crowdcube – with 1 day left in the Fintech firm’s crowdfunding campaign. A UK Financial Conduct… Read More

Fintech Firm BillFront Rebrands to Vane, Announces New Funding and US Expansion Plans

Fintech firm BillFront announced that it has acquired €50 million in a multi-currency asset-backed financing from Fasanara Capital and “adopted a new name: Vane.” The rebrand to Vane reflects the firm’s strategy to introduce a more extensive suite of financial products and illustrates “how Vane… Read More

Paysafe’s viafintech and Solarisbank Introduce Deposit and Withdrawal Infrastructure in Europe

viafintech GmbH, which is part of specialized payments platform Paysafe (NYSE: PSFE), has formed a new partnership with Solarisbank AG with “a joint vision to replace the classic bank branch and physical locations for basic banking services.” As one of Europe’s major banking-as-a-service (BaaS) platforms,… Read More

UK’s Global Investment Firm abrdn Confirms Plans to Acquire Interactive Investor

abrdn (LON: ABDN) has confirmed its plans to acquire 100% of UK’s subscription-based investment platform Interactive Investor for £1.49 billion. As mentioned in the announcement, abrdn and Interactive Investor have a shared vision “of the growth and development of the wealth market and a commitment… Read More

Transaction Network Services (TNS) Offers Essential Trading Services Connectivity to Asia

Transaction Network Services (TNS), a key service provider supporting capital markets client and counterpart connectivity and reportedly the first to market with a Layer 1 network solution, has invested considerably in its backbone to offer high-performance international connectivity for customers “tapping the plethora of opportunities… Read More

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