Global

November 19, 2021 @ 7:42 am By Omar Faridi  |  

Open data firm Okredo has finalized a €1 million seed round that was led by Lithuania’s Business Angels Fund and Presto Ventures, along with contributions from Startup Wise Guys and several angel investors. Okredo’s software-as-a-service or SaaS platform assists SMEs with assessing the credibility, financial… Read More

November 18, 2021 @ 9:17 pm By Omar Faridi  |  

Bank of Queensland (BOQ) is bringing an improved set of capabilities to debit card holders as part of the banking institution’s extensive digital offering. With the migration of its debit cards to the FirstVision platform from Fiserv, Inc. (NASDAQ: FISV), a provider of payments and… Read More

November 18, 2021 @ 7:59 pm By Omar Faridi  |  

Eigen Technologies, the international intelligent document processing (IDP) provider, and NetDocuments, the Cloud content management platform where legal professionals do work, have entered a new partnership, and developed a tech integration connecting the platforms. Shared and new clients have “already taken advantage of the new… Read More

November 18, 2021 @ 3:51 pm By JD Alois  |  

Bitso, a top crypto platform in Latin America that reports over 3.3 million users, has launched “Bitso Shift,” a service that allows Mexican people and companies to send and receive payments between Mexico and the United States. According to Bitso, Bitso Shift is targeting Mexican… Read More

November 18, 2021 @ 3:38 pm By JD Alois  |  

N26 is exiting the United States. Founded in 2013 and boasting over 7 million customers, N26 is a Germany-based neobank bank that had sought to establish operations in the USA – a market that is home to thousands of small and large traditional banks as… Read More

November 18, 2021 @ 3:19 pm By Tony Zerucha  |  

While the Reserve Bank of Australia (RBA) is conducting research into various applications of cryptocurrencies and distributed ledger technologies, they are under no pressure to quickly roll out solutions to address clear needs in the marketplace, a representative said earlier today. Speaking to the Australian… Read More

November 18, 2021 @ 2:49 pm By Omar Faridi  |  

As the demand for fast, highly secure, and seamless virtual payments solutions continues to rise, Mastercard (NYSE: MA) has teamed up with Home Remitt in order to support migrants residing in South Africa by safely sending funds in near real-time to their friends and family… Read More

November 18, 2021 @ 10:40 am By Omar Faridi  |  

On November 16, 2021, the Basel Committee on Banking Supervision issued a public consultation on principles for the effective management and supervision of climate-related financial risks. This “follows the publication of a series of analytical reports earlier this year,” the update confirmed. As noted in… Read More

November 18, 2021 @ 10:31 am By Omar Faridi  |  

Sedric, an AI-enhanced compliance platform for Fintech firms, announced that it has secured $3.5 million via a seed round in order to increase consumer protection and transform the Fintech compliance sector. Led by StageOne Ventures, Sedric will use the proceeds from the investment round to… Read More

November 18, 2021 @ 10:23 am By Omar Faridi  |  

Online lending platform, NewDay, has introduced an instant access digital credit account with flexible repayment terms which are aimed at protecting its business from the competition from Buy Now, Pay Later or BNPL providers. Newpay provides clients with a credit limit of £5,000, which may… Read More

November 18, 2021 @ 6:00 am By Tony Zerucha  |  

Tether Operations, the company operating the blockchain-enabled platform tether.to, has commenced operations with Shyft Network, starting with active testing of Veriscope, its decentralized compliance framework and smart contract solution to the Financial Action Task Force’s (FATF) Travel Rule. The initiative will assist virtual asset service… Read More

November 17, 2021 @ 10:00 pm By JD Alois  |  

Airwallex has raised an additional $100 million at a $5.5 billion valuation, according to a note from the company. The funding was an “E1” round and part of a wider $300 million Series E raise. Airwallex says the Series E1 round was oversubscribed, on the… Read More

November 17, 2021 @ 3:22 pm By JD Alois  |  

Amazon (NASDAQ:AMZN) says it will stop accepting Visa Inc (NYSE:V) credit cards in the United Kingdom beginning in 2022. According to the Guardian, Amazon users received an email this week explaining its decision to halt Visa payments beginning January 19, 2022, due to the high… Read More

November 17, 2021 @ 10:55 am By JD Alois  |  

Balderton Capital, a venture capital firm that has backed numerous Fintechs, says it has raised $600 million in a new fund focused on early-stage European firms. This is its second fund for 2021. In the past two decades, Balderton has raised around $4.5 billion across… Read More

November 17, 2021 @ 10:41 am By JD Alois  |  

Neobank Revolut is now covering period costs for Metal Card users, according to a release. Revolut said it had formed a partnership with Yoppie, to help cover period costs with Yoppie’s organic menstrual care products. Metal customers will earn up to £5 cashback from buying… Read More

November 17, 2021 @ 10:05 am By JD Alois  |  

Fort Ross Ventures has closed on a $200 million fund that targets late stage, Series D, investments. Fort Ross has backed multiple high profile Fintechs including Roofstock, LendingHome (now Kiavi), eToro and more. Fort Ross notes that in addition to a strong footprint in the… Read More

November 17, 2021 @ 9:07 am By Omar Faridi  |  

Confluence Technologies, Inc., an international tech solutions provider assisting the investment management sector with addressing complex investment data challenges, has  announced it has “secured a multi-year agreement” with FundHero S.A., a Luxembourg-headquartered fund service company, that will “combine Confluence’s Cloud-based Revolution platform with its own… Read More

November 17, 2021 @ 8:21 am By JD Alois  |  

Yapily, an open banking platform, has expanded into Spain, according to a company statement. Yapily notes that it already can cover over 95% of Spanish bank accounts, both retail and commercial, at 52 banks. Yapily recently raised $51 milion in Series-B funding and said it… Read More

November 17, 2021 @ 7:46 am By Omar Faridi  |  

London-headquartered payments service provider SumUp has announced the introduction of a Business Account solution for its merchants in the United Kingdom and nearly a dozen European markets. As mentioned in a release shared with CI, the Business Account from SumUp is “central to the evolution… Read More

November 16, 2021 @ 9:05 pm By Omar Faridi  |  

A firm’s ESG ratings have become increasingly important to investors and shareholders and achieving an accurate understanding of those ratings has become quite complex and time-consuming. In order to assist firms with better understanding and monitoring their ESG ratings, Broadridge Financial Solutions (NYSE: BR), an… Read More