Global

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

November 13, 2021 @ 10:00 am By Omar Faridi  |  

ABAKA has announced the closing of a $5 million second tranche of its Series A round. The company’s investment round has reportedly been co-led by Lingfeng Capital and Thames Trust, along with contributions from new and existing investors. ABAKA‘s management noted that the proceeds will… Read More

November 13, 2021 @ 9:55 am By Omar Faridi  |  

BEQUANT, the digital asset prime brokerage and exchange, has reportedly appointed Huong Hauduc as General Counsel. As mentioned in an update shared with CI, Huong will be helping BEQUANT to “expedite the growth of the business across new jurisdictions and products.” Huong has almost 2… Read More

November 12, 2021 @ 4:10 pm By Omar Faridi  |  

Akt.io, the platform bridging decentralized finance (DeFi), wealth management and payment services, has announced its partnership with the HBAR Foundation in order to support their launch of the first DeFi app on the carbon-negative Hedera Network, which claims to be “the most used, sustainable and… Read More

November 12, 2021 @ 3:06 pm By Tony Zerucha  |  

Earlier this month the United Kingdom’s Competition and Markets Authority (CMA) provided an update on the current state of open banking in the region. It comes after the release of a report from an independent investigator of allegations against the Open Banking Implementation Entity (OBIE)…. Read More

November 12, 2021 @ 10:42 am By JD Alois  |  

Tot, an Italian digital banking platform, has raised €2 Million in seed funding according to a note from the firm. Banca Sella was the lead investor in the funding round. Tot is a new banking platform that aims to update the administrative and financial management… Read More

November 12, 2021 @ 10:36 am By JD Alois  |  

Amsterdam-based Recharge has opened an office in Lisbon, Portugal to accelerate its expansion plans, according to a company release. Recharge is a European firm providing online consumer-branded payments, currently operating in over 150 markets around the world. Recharge recently announced a $35 million Series B… Read More

November 12, 2021 @ 10:30 am By JD Alois  |  

European payments firm Volt has entered Brazil. Volt states that it has now integrated Brazil’s domestic instant payments network Pix – and established its physical presence in São Paulo. Volt states that it currently works with over 5000 banks in Europe on the PSD2 Open… Read More