Global

November 15, 2021 @ 10:27 pm By JD Alois  |  

PT Moduit Digital Indonesian has received USD $4.5 million, or IDR 65 billion in a pre-Series A Round, according to a company release. The investment was led by Singapore’s Reciprocus Moduit Holding (RMH). The company said the funding was fueled by its strong performance in… Read More

November 15, 2021 @ 9:53 pm By Omar Faridi  |  

The team at UK-based Blend Network has noted that we should focus on getting Britain moving again by improving lending services. UK Prime Minister Boris Johnson’s pledge (a commitment to “Get Britain moving again”) had been made following the end of the first lockdown in… Read More

November 15, 2021 @ 10:50 am By Omar Faridi  |  

European P2P lending platform Bondora notes that for the second straight month, the Secondary Market transactions via the platform have decreased. Bondora wrote in a blog post dated November 15, 2021 that while a total of €311,848 was transacted on the Secondary Market in September… Read More

November 15, 2021 @ 10:17 am By Omar Faridi  |  

Lithuania-based financial platform Debitum is pleased to share key information with their investors – the company’s Financial report Q3, 2021. As noted in an update by Debitum, the document “presents the financial and business performance of the SIA DN Operator – the platform owner.” Debitum… Read More

November 15, 2021 @ 10:14 am By Omar Faridi  |  

ExpressCredit Group (ExpressCredit), a lending firm, has acquired $9 million (appr. €7.74 million) in new funding for specialty finance operations in Botswana. As mentioned in an update, this allows the firm to diversify its financial resources and “partially refinance its existing credit facilities funded by… Read More

November 15, 2021 @ 10:09 am By JD Alois  |  

Peer-to-peer lender Proplend says it has completed its first ever investor funded commercial property VAT loan. Proplend is an online investment platform that allows individuals to participate in first charge security commercial property loans that earn on average 5-12% per year. Proplend reports that it… Read More

November 15, 2021 @ 9:33 am By Omar Faridi  |  

Thyngs, a platform for supporting touch-free instant payments from any physical marketing asset with a key focus on the Charity sector, has secured 85% (£214,864) of its £250,000 target (with 27 days left in the sale), as part of is crowdfunding campaign via Seedrs. Based… Read More

November 15, 2021 @ 9:31 am By Omar Faridi  |  

UK-based digital bank Starling recently confirmed that it has committed to “a one third reduction target in its carbon emissions by 2030 and to offset carbon emissions from its own operations and supply chain annually from 2021.” As noted by Starling Bank in a release:… Read More

November 15, 2021 @ 8:55 am By Omar Faridi  |  

Croatian peer-to-peer lender Robo.cash has shared corporate statistics, which highlight the social and geographic shifts of investors and their response to the growing market potential. The Robo.cash platform has “significantly expanded its active investor base in 2021, representing a more than 70% growth,” the company… Read More

November 15, 2021 @ 8:26 am By JD Alois  |  

Flat6Labs has funded 6 startups with seed capital following the participation in a 4-month acceleration program. Each startup completed the 7th Cycle in Bahrain. Flat6Labs is a MENA-based seed and early-stage venture capital firm. Annually, Flat6Labs invests in more than 100 innovative and technology-driven startups…. Read More

November 15, 2021 @ 7:44 am By Omar Faridi  |  

Mastercard (NYSE: MA) writes in a blog post that the last time you may have been asked to provide your birth certificate, you probably rolled your eyes and thought, “We’re still doing that?” Mastercard also notes that even as much of the world has moved… Read More

November 14, 2021 @ 9:37 pm By JD Alois  |  

The US Department of Treasury has announced it will work with Israel in a partnership to combat the threat of ransomware. The two countries also affirmed a commitment to encouraging “robust Fintech innovation,” while also reinforcing the necessity of working together to combat cyber threats…. Read More

November 14, 2021 @ 9:28 pm By Omar Faridi  |  

Asia’s financial tech platform Qupital announced earlier this week that it acquired $150 million in a combination of Series B equity funding and “a receivables-backed securitization facility.” The equity funding will aim to support Qupital’s goal to scale its cross-border digital commerce lending business into… Read More

November 14, 2021 @ 8:09 pm By Omar Faridi  |  

Bank Negara Malaysia (BNM) and Payments Network Malaysia (PayNet) will reportedly be taking part in Project Nexus by working cooperatively with various partners on a proof-of-concept (PoC) to enhance the cost and speed of performing international payments. Project Nexus will aim to look into the… Read More

November 14, 2021 @ 2:27 pm By Omar Faridi  |  

The team at UK-based digital bank Revolut notes that in December 2020, they had published a blog post to let clients know that if they were holding any XRP tokens in their Revolut accounts at midnight UTC on December 12, 2020, then they would qualify or… Read More

November 14, 2021 @ 1:50 pm By Omar Faridi  |  

The team at European online lender October recently revealed that Lot61 had borrowed €465,000 in order to finance an acquisition of part of their business. As mentioned in a blog post, October spoke to the company’s Australian founder Adam Craig about entrepreneurship, growth and “the… Read More

November 14, 2021 @ 10:57 am By Omar Faridi  |  

EstateGuru, an online investment marketplace that matches borrowers to investors with secured debt securities, notes that in October 2021, their investors financed a total of 104 loans, “valued at €16.9M.” Germany, which is EstateGuru’s largest market, “contributed €4.1M, while the largest volume was in Estonia (€6.1M),”… Read More

November 13, 2021 @ 11:47 am By Omar Faridi  |  

Credit card-led Fintech firm Stori announced that it has closed one of the largest Series C equity financing rounds in Latin America. As mentioned in the announcement, Stori’s investment round is supported by a debt raise that will be channeled towards Stori’s fast-growing credit card… Read More

November 13, 2021 @ 11:07 am By Tony Zerucha  |  

Aleph Zero, a company using blockchain technology to serve the unique needs of the enterprise, today launched their mainnet. The development comes on the heels of a successful $14.8 million private sale. The funding comes from pre-seed and seed funding rounds in addition to its… Read More

November 13, 2021 @ 10:37 am By Omar Faridi  |  

Standard Chartered (LON: STAN) has reportedy tapped the SAP Multi-Bank Connectivity solution and has also joined as a member bank, “aiming to offer an enhanced experience to corporate clients in meeting their transactional banking needs, simplifying the onboarding process, and delivering both traditional and new… Read More