Global

November 24, 2021 @ 8:28 am By Omar Faridi  |  

UK-based Payhawk, the payments and expense solution with business offices in London, Sofia, Berlin and Barcelona, has secured $112 million in capital three years after its inception, valuing the firm at $570 million. The Series B investment round has been led by San Francisco based… Read More

November 24, 2021 @ 8:26 am By Omar Faridi  |  

Stripe, a tech firm establishing key economic infrastructure for the Internet, has announced the expansion of Stripe Terminal to Ireland, France, Germany, the UK, and the Netherlands. As European consumers return to in-person shopping, Terminal “extends Stripe’s payments infrastructure to the physical world.” International businesses… Read More

November 23, 2021 @ 10:46 pm By Omar Faridi  |  

In Kraken’s last two Crypto On-Chain Digest reports (End of Summer Sale and SHOCKTOBER), they had pointed out that a supply shock, driven by long-term holders, might push Bitcoin (BTC) and Ethereum (ETH) prices considerably higher than current levels. Well, price followed through and the… Read More

November 23, 2021 @ 9:43 pm By Omar Faridi  |  

Klook, a travel and leisure booking platform and ZA Tech Global Limited, the technology venture established by ZA International and backed by Softbank’s Vision Fund 1, has  announced a joint venture that will aim to accelerate “the availability and accessibility of travel-related insurance to consumers… Read More

November 23, 2021 @ 3:51 pm By Omar Faridi  |  

Payments Fintech Banking Circle, the tech-focused payments bank, has appointed an experienced banker as its new Head of Institutional Banking for the DACH region. Timo Florian Zwez has reportedly joined Banking Circle from commercial wholesale bank, Bayerische Landesbank (BayernLB), where he spent around 6 years… Read More

November 23, 2021 @ 1:56 pm By JD Alois  |  

Binance is said to be approaching sovereign wealth funds to invest in the world’s largest crypto exchange. Binance, the largest crypto exchange in the world, has largely been able to avoid the growing concern of global financial regulators and an increasing desire to reign in… Read More

November 23, 2021 @ 10:52 am By Omar Faridi  |  

EWO place, a “ReTech” company that provides a no-rent model based on its own properties worldwide, notes that consumers are feeling frustrated as they are being “priced out” of renting or not being able to afford a place to live. The housing crisis is increasingly… Read More

November 23, 2021 @ 10:14 am By JD Alois  |  

LinkedFinance is warning businesses to “avoid feeding dangerous 1980s inflationary spiral.” LinkedFinance is a peer-to-peer lender serving Irish SMEs. While business optimism remains high, nearly one-third of Irish companies are charging higher prices as the labor market tightens, states the company. According to the Linked… Read More

November 23, 2021 @ 9:49 am By JD Alois  |  

Azimo and Trustly have partnered to facilitate cross-border payments in Europe. Azimo is a money transfer service that aims to be the best way to send money to more than 190 different countries around the world. Trustly is an open banking platform targeting the payments… Read More

November 23, 2021 @ 9:16 am By JD Alois  |  

Circle, a digital asset firm that is a top stablecoin issuer and owner of investment platform SeedInvest, has invested $10.5 million in Crowdcube. The total funding round was $13.5 million. Circle’s investment in Crowdcube was made via USD Coin (USDC) – a dollar-based stablecoin. The percentage… Read More

November 23, 2021 @ 8:06 am By Omar Faridi  |  

One in every two UK residents is reportedly looking to give up their credit card completely for  Christmas shopping in 2021, with two-thirds or 66% of credit card holders saying they want to avoid having to pay excessive credit card interest. Even though credit cards… Read More

November 23, 2021 @ 8:01 am By Omar Faridi  |  

The team at UK-based Fintech Modulr says they wanted to let their community know that they’ve been named a 2021 Deloitte UK Technology Fast 50 winner. Now in its twenty-fourth year, the Deloitte Technology Fast 50 is one of the United Kingdom’s tech awards programs,… Read More

November 22, 2021 @ 10:37 pm By JD Alois  |  

Global bank Citi (NYSE:C) is going on a crypto hiring spree, according to a report by Bloomberg. Citi is said to be hiring 100 people to support its emerging digital asset business that caters to institutional investors. Puneet Singhvi is said to have been appointed… Read More

November 22, 2021 @ 5:21 pm By Omar Faridi  |  

Research from online pension provider, PensionBee, reveals that nearly a third of savers (32%) think that it doesn’t matter whether they notify their pension provider(s) of a change of address, as they will still have a way to contact them. This belief may be quite… Read More

November 22, 2021 @ 5:01 pm By JD Alois  |  

MetaSoccer, an earn-to-play football metaverse developed primarily on the blockchain, says it has raised  €2 million to launch the first football game in the metaverse. In a release, Barcelona-based MetaSoccer said that investors include Play Ventures, Defiance Capital, Parafi Capital, DAO Maker, Kyros Ventures, Metrix… Read More

November 22, 2021 @ 4:44 pm By Omar Faridi  |  

Businesses require cash to grow their operations. That’s something company founders and CEOs know really well – even when business is picking up, the MarketFinance team writes in a blog post. UK-based MarketFinance, which is a leading online lender that recently raised £280 million in… Read More

November 22, 2021 @ 3:43 pm By Omar Faridi  |  

European P2P lender Bondora notes that after a “booming” September, where the platform managed to recover over €2.3 million in missed payments, these figures “subsided” during the month of October 2021. As mentioned in a report from Bondora, there was a total of €977,354 that… Read More

November 22, 2021 @ 12:13 pm By Omar Faridi  |  

Canaan (NASDAQ:CAN), a provider of supercomputing solutions, has confirmed the successful delivery of more than 2,000 Avalon Miner units in Kazakhstan, “marking the commencement of joint mining operations by Canaan’s overseas-registered operating entity,” according to an update shared with CI. As mentioned in the announcement, more… Read More

November 22, 2021 @ 12:00 pm By JD Alois  |  

Bank of England External Member of the Financial Policy Committee Carolyn A. Wilkins will deliver a speech to the Québec Autorités des marchés today. The text of her speech has been released in advance of the presentation and she will be addressing the booming crypto… Read More

November 22, 2021 @ 11:16 am By JD Alois  |  

DarkTrace (DARK.L), a cybersecurity firm that leverages artificial intelligence (AI), has announced a “major contract” with an unnamed firm. According to a statement by DarkTrace, it is now providing services to a US-based entity that is one of the world’s largest investment management firms. “The… Read More