Global

October 27, 2021 @ 12:00 pm By JD Alois  |  

Cream Finance, a decentralized lending protocol, has experienced a hack that may have caused a $117 million theft.   We are investigating an exploit on C.R.E.A.M. v1 on Ethereum and will share updates as soon as they are available. — Cream Finance 🍦 (@CreamdotFinance) October… Read More

October 27, 2021 @ 9:30 am By JD Alois  |  

OurCrowd, a top global investment crowdfunding platform, has received an investment from SoftBank. According to a note from the company, the SoftBank Vision Fund 2 will make a $25 million convertible equity investment into the company. Terms of the investment were not disclosed. As part… Read More

October 27, 2021 @ 8:01 am By Omar Faridi  |  

Amsterdam-based neobanking Fintech Bunq has introduced a domestic currency feature for digital nomads that is available via the firm’s banking app. Bunq clients are able to receive, convert, hold and spend in several different currencies without needing to exit the app. The first currencies that… Read More

October 27, 2021 @ 7:58 am By Omar Faridi  |  

BBVA and 500 Global have entered an agreement for 500 Global to implement an Intelligence Platform that would support BBVA’s ability to “identify new startups, technologies and emerging trends with the potential to impact the future of the most innovative industries, and by extension, the… Read More

October 27, 2021 @ 7:55 am By Omar Faridi  |  

Logicbroker, the Cloud-powered digital commerce platform providing full drop ship and marketplace functionality to suppliers, retailers, brands, and 3PLs, announced that it secured over $135 million from K1 Investment Management. As noted in a release shared with CI, K1 is an investment company that’s focused… Read More

October 26, 2021 @ 11:28 pm By Tony Zerucha  |  

The British Business Bank this week announced the Recovery Loan Scheme has passed a significant milestone, with 76 accredited lenders having offered more than £1bn to smaller UK businesses. Of the £1.06 billion of funding offered through 6,190 facilities so far, £822.8m has been drawn… Read More

October 26, 2021 @ 10:47 pm By Omar Faridi  |  

Transact, the payment solutions provider for a connected campus, announced the launch of its Transact International Payments offering that provides universities with an improved approach to accepting global currencies. Through a partnership with TransferMate, a regulated payments infrastructure-as-a-service, Transact will aim to support the processing… Read More

October 26, 2021 @ 10:36 pm By JD Alois  |  

Tomorrow (Wednesday), the UK Chancellor of the Exchequer Rishi Sunik will provide an update on the government’s 2021 budget plans. HM Treasury has already revealed much information on its tax and spending plans. While the Chancellor will have more to share, a good outline of… Read More

October 26, 2021 @ 9:35 pm By Omar Faridi  |  

Nium, a company focused on payments and card issuance for businesses, has launched a global Crypto-as-a-Service (CaaS) solution and announced the extension of its Banking-as-a-Service (BaaS) solution to the US markets. Initial API-based elements from the new CaaS offering will enable financial institutions to “add… Read More

October 26, 2021 @ 5:12 pm By JD Alois  |  

CoinList (Amalgamated Token Services Inc.) has announced a funding round of $100 million that brings the digital asset platform a $1.5 billion valuation. The news follows sister platform Republic raising a $150 million Series B funding round. The funding round was co-led by early CoinList… Read More

October 26, 2021 @ 3:12 pm By JD Alois  |  

Valereum Blockchain Plc (AQSE: VLRM) has signed an agreement to purchase 80% of the shares of the Gibraltar Stock Exchange (GSX). Terms of the deal were not disclosed. According to a statement by GSX Group, the exchange group will retain the remaining 20% of outstanding… Read More

October 26, 2021 @ 2:29 pm By Tony Zerucha  |  

Crypto wallet and payments platform Zumo this week released the report Decarbonizing Crypto: A state of play. It is a cross-sector effort to explore the carbon footprint of cryptocurrencies and the task of decarbonization. The report also explores the complexities of decarbonization and how the… Read More

October 26, 2021 @ 2:24 pm By Tony Zerucha  |  

FTSE Russell and Digital Asset Research (DAR) today announced the launch of the FTSE Russell Digital Asset Index Series. Debuting this week are the FTSE Bitcoin Index, the FTSE Ethereum Index and the FTSE Cardano Index. The FTSE Digital Asset Index Series is designed to… Read More

October 26, 2021 @ 9:07 am By Omar Faridi  |  

The Stellar Development Foundation (SDF) reveals that Flutterwave, an international payments tech firm, has introduced new remittance corridors between Europe and the MENA region on the Stellar network. Working with TEMPO, Flutterwave is focused on leveraging the Stellar network and Stellar USDC to simplify the… Read More

October 26, 2021 @ 8:57 am By JD Alois  |  

Accelerated Payments has topped €500 million worth of invoice financing as it celebrates its fourth anniversary, according to a note from the Fintech.  The company also noted that it has expanded its UK office to support the increasing number of businesses that are grappling with supply… Read More

October 26, 2021 @ 8:38 am By Omar Faridi  |  

Jumio, the provider of AI-enhanced identity verification, eKYC, and AML solutions, announced the launch of a no-code orchestration layer for its KYX Platform that “unifies an entire set of risk and fraud detection capabilities to address identity proofing, compliance verifications, and AML use cases.” As… Read More

October 26, 2021 @ 5:30 am By JD Alois  |  

Yokoy, a firm that provides an AI-based spend management service for midsize and enterprise companies, has raised $26 million in a Series A round, according to a note from the company. The funding round was led by Left Lane Capital, with participation from Balderton Capital…. Read More

October 25, 2021 @ 11:25 pm By JD Alois  |  

Crypterium, a crypto wallet app that reports more than 400,000 clients in over 170 countries, has been registered with the UK Financial Conduct Authority  (FCA) to provide services to UK customers. According to a release, this registration ensures that Crypterium can continue to provide its… Read More

October 25, 2021 @ 10:50 pm By JD Alois  |  

Online pension provider PensionBee, has selected global Regtech Clausematch to manage its internal policies and controls, according to a release. PensionBee states that in preparation for its public listing on the London Stock Exchange, it first engaged Clausematch in 2020. PensionBee started by using the… Read More

October 25, 2021 @ 6:36 pm By JD Alois  |  

WallStreetBets founder Jaime Rogozinski told Money 20/20 attendees that he is launching the WSBDApp to facilitate securities trading by working with Digital Markets (DIGTL), Liquid and MERJ Exchange (MERJ) alliance to “provide access to exchange-traded portfolios, tokenized stocks of major global companies and other assets… Read More