Global

November 29, 2021 @ 8:54 am By Omar Faridi  |  

The ability to establish and maintain trust with clients is the foundation of “every successful business,” according to UK-based Fintech Modulr. And, while customer trust might be one of the more “intangible” corporate assets, it’s one that can be “felt keenly on the bottom line,”… Read More

November 29, 2021 @ 7:53 am By Omar Faridi  |  

European P2P lender Bondora notes that November is “known to be the gloomiest month in Estonia.” However, as the days became darker, the Bondora team decided to “focus on the bright side.” Here are some of their recent highlights and milestone moments. Over €500 million… Read More

November 29, 2021 @ 7:50 am By Omar Faridi  |  

Cloud-native core banking solution provider, Thought Machine, has reportedly reached Unicorn status (valued at $1 billion+) following a $200 million Series C round that was joined by the investment divisions of some of its major banking clients, such as JPMorgan Chase, ING and Standard Chartered…. Read More

November 28, 2021 @ 11:53 pm By Omar Faridi  |  

Sweden’s Fintech Unicorn Klarna has seen its losses increase significantly during the first 9 months of this year, as costs surged considerably amid growing demand for flexible payment options like Buy Now, Pay Later (BNPL) services. The Stockholm-headquartered company is reporting a pre-tax loss of… Read More

November 28, 2021 @ 11:47 pm By JD Alois  |  

Lithuania has been working to position itself as a competitive Fintech center in Europe. In fact in April 2021, Lithuania Reserve bank Governor Vitas Vasiliauskas publicly stated that Fintech should compete with traditional financial services firms. A recent report issued by Fintech Hub LT shares that… Read More

November 28, 2021 @ 11:07 pm By Omar Faridi  |  

The Christmas buying season is currently underway for many of your company’s business customers, the MarketFinance team notes. UK-based MarketFinance, an established online lender that recently raised £280 million in debt and equity and was approved for flex loans, writes in a blog post that… Read More

November 28, 2021 @ 10:25 pm By Omar Faridi  |  

Future Planet Capital, an impact-led, global VC company launched to invest in high-growth firms the world’s leading universities and research centers, has raised 111% (£2,777,247) of its  £2,500,065 target from 412 investors (at the time of writing) via Seedrs with 24 days left in its… Read More

November 28, 2021 @ 9:58 pm By Omar Faridi  |  

Russia’s digital banking platform, Tinkoff, has reportedly acquired a controlling stake (51%) in Just Look, the business entity behind Jump.Finance, a Fintech firm that automates interactions with freelancers, including making payments. The transaction was carried out on behalf of Tinkoff Business, the division of the… Read More

November 28, 2021 @ 8:49 pm By JD Alois  |  

  Judith Hartley, CEO of British Patient Capital, says the performance of UK venture capital is a notable success story during a challenging period for businesses across the world British Patient Capital is a wholly-owned commercial subsidiary of British Business Bank plc, the UK government’s… Read More

November 28, 2021 @ 7:56 pm By JD Alois  |  

Australian Ethical has, a “responsible investment and fastest-growing super fund manager” with over $6 billion in Funds Under Management (FUM), has awarded $500,000 to fund climate and tech solutions in its inaugural 2021 Visionary Grants. The funding was made via the philanthropic entity the Australian… Read More

November 28, 2021 @ 2:45 pm By Omar Faridi  |  

The Robo.cash team has published an update that covers (what they claim to be) high-yield investments in the United Kingdom. Robo.cash aims to introduce people to different “safe, high yield investments, what they offer and how to go about them.” As mentioned in the update,… Read More

November 28, 2021 @ 2:43 pm By Omar Faridi  |  

UK-based digital bank Starling reveals that two-fifths of small businesses (43%) report that their performance is back to pre-COVID levels, with almost a third (30%) “stating they are performing better than they were in February 2020.” The research from Enterprise Nation and Starling Bank reveals… Read More

November 28, 2021 @ 12:02 pm By Omar Faridi  |  

ID Finance, which claims to be one of the fastest-growing Fintechs in Spain and Mexico, has raised 106% (€1,062,883) of its €1M fundraising target from 459 investors (at the time of writing) via Crowdcube with 3 days left in its crowdfunding campaign. After a record-setting… Read More

November 28, 2021 @ 10:42 am By Omar Faridi  |  

First came the gender pay gap, and now all eyes seem to be on the investment gap – and this time it’s bigger (a lot bigger), according to an update from easyMoney. UK’s easyMoney, the investment platform from Sir Stelios Haji-Ioannou’s easy family of brands… Read More

November 27, 2021 @ 12:01 pm By Omar Faridi  |  

US-Israeli supply chain Fintech platform, 8fig, recently finalized a $50 million Series A round. The company’s investment round has been joined by existing investors Battery Ventures and LocalGlobe, along with serial entrepreneur and co-founder of Nested and GoCardless’ Matt Robinson. As mentioned in the update,… Read More

November 27, 2021 @ 11:00 am By Omar Faridi  |  

Binance Smart Chain, which claims to be the leading decentralized finance (DeFi), non-fungible token (NFT) and Infra platform, has reportedly completed the first community-voting mechanism pilot for its Most Valuable Builder Program that “selected top ten projects from a pool of industry-leading BSC projects.” As… Read More

November 27, 2021 @ 10:24 am By Omar Faridi  |  

Landsbankinn, which is one of the largest Icelandic banks, has teamed up with Salt Edge, a provider of Open Banking services. Through their partnership, the organizations will focus on  complying with Icelandic law on the latest PSD2 legislation. The Act on Payment Services, which incorporates… Read More

November 26, 2021 @ 5:07 pm By Omar Faridi  |  

Worldline (Euronext: WLN) is supporting PSA Payment Services Austria GmbH on its journey towards becoming a smart transaction provider beyond just payments. Via its products WL ID Center and WL Trusted Authentication as well as experience in various infrastructure initiatives, Worldline is offering the tech… Read More

November 26, 2021 @ 4:21 pm By Tony Zerucha  |  

Finastra announced this week it has introduced additional alternative reference rates (ARR) and risk-free rates (RFRs) to its Fusion LIBOR Transition Calculator. The move enables banks, corporates and borrowers to calculate ARR in preparation for the end of the majority of LIBOR rates on Dec…. Read More

November 26, 2021 @ 3:37 pm By Omar Faridi  |  

Temenos (SIX: TEMN), the banking software firm, has announced Temenos Exchange, a new Fintech marketplace to bring Open Banking innovation to market quicker, and at scale. The marketplace will provide pre-integrated and certified Fintech solutions that can be “deployed within the Temenos Banking Cloud, enabling… Read More