Global

November 8, 2021 @ 7:45 am By JD Alois  |  

Matter Labs, a company looking to provide an Ethereum Layer 2 scaling protocol, has raised $50 million in new funding. The investment was led by Andreessen Horowitz (a16z). Additional investors included Placeholder, Dragonfly and 1kx. Matter Labs said that a second financing was closed with… Read More

November 8, 2021 @ 7:25 am By Omar Faridi  |  

A report from CBInsights reveals that $31.1B in global funding was acquired by Fintech startups during Q3 2021—which is the “second-highest quarter ever.” Despite falling around 16% when compared to the past quarter’s record levels, financing remains elevated in the Fintech venture space. This last… Read More

November 8, 2021 @ 7:05 am By Omar Faridi  |  

Last month, Sygnum had reportedly closed the subscription to its first Art Security Tokens (ASTs), representing the ownership rights to Picasso’s Fillette au béret painting. As noted in the announcement, this landmark initiative “enables investors to purchase and trade tokens in this 20th century masterpiece… Read More

November 8, 2021 @ 7:01 am By Tony Zerucha  |  

Team8, an Israeli venture group, has a unique recipe for success, its vice president for business development and Fintech Galia Beer Gabel said. A lawyer by training, Beer Gabel moved into a business development role at PayPal where she worked across such emerging markets as… Read More

November 8, 2021 @ 6:52 am By Omar Faridi  |  

When Fintech Plaid first started offering services, they had been mainly focused on connecting with traditional institutions in the jurisdictions they had established businesses. These strategic connections enabled consumers to easily find and link their institution to the Fintech apps and services they required, the… Read More

November 7, 2021 @ 6:02 pm By Omar Faridi  |  

On October 31, 2008, an “obscure” whitepaper was released, outlining a virtual currency that was able to operate in a fully decentralized, trustless manner enabling users to send and receive monetary value. The pseudonymous author (or authors) of the whitepaper, Satoshi Nakamoto, called the “revolutionary”… Read More

November 7, 2021 @ 2:23 pm By Omar Faridi  |  

The team at UK-based digital bank Monzo has shared how they are working towards net zero carbon emissions. As noted in a blog post by Monzo: “We are in a climate crisis. Everyone has a responsibility to act, and take decisions that will support a… Read More

November 7, 2021 @ 1:47 pm By Omar Faridi  |  

The team at digital assets firm Kraken notes that the month of October 2021 has been dubbed “UPtober” by many in the cryptocurrency markets as the Bitcoin (BTC) price and that of Ethereum (ETH), as well as other major altcoins surged to new all-time highs…. Read More

November 7, 2021 @ 1:31 pm By Omar Faridi  |  

ROUND, which aims to be the “Uber” of in-venue ordering by offering a single app to buy food & drink from your smartphone, wherever you go, has secured 34% (£345,151) of its fundraising target via Crowdcube, with 21 days left in the sale. ROUND says… Read More

November 7, 2021 @ 1:21 pm By Omar Faridi  |  

Croatian P2P lender Robo.cash has shared the performance of its loan originators for Q3 2021. The Robo.cash team writes in a blog post, dated November 2, 2021, that today, they’re updating clients on the results of the Robo.cash loan originators in Q3. UnaPay, the Philippines… Read More

November 7, 2021 @ 1:16 pm By Omar Faridi  |  

Since launching, many Internet Computer initiatives have reportedly adopted Motoko for development. Here’s a quick update on this language and where they’re currently at. Two years back, the Internet Computer team confirmed the launch of Motoko, an actor-based programming language “designed for the Internet Computer.”… Read More

November 6, 2021 @ 2:24 pm By Omar Faridi  |  

Quartr, which is the app that gives investors on-the-go access to company details, has secured $4.5 million via a seed round from prominent investors. The firm’s investment round has reportedly been led by The Öhman Group with established investors such as Michael Batnick, Ben Carlson,… Read More

November 6, 2021 @ 1:13 pm By Omar Faridi  |  

As the airline industry works to bring consumers back on board, it is challenged with protecting passengers, brand and revenue. In order to streamline takeoff, Visa’s (NYSE: V) international payment and fraud management platform, Cybersource, confirmed that it has joined the International Air Transport Association… Read More

November 6, 2021 @ 11:56 am By Omar Faridi  |  

Argentina-based Fintech firm Ualá is reportedly expanding its operations and overall presence in Mexico via the acquisition of domestic bank, ABC Capital. The transaction, which is currently subject to government approval, should allow Ualá to move into different business segments. Pierpaolo Barbieri, CEO at Ualá,… Read More

November 5, 2021 @ 6:25 pm By Tony Zerucha  |  

Payment platform Cashflows and digital commerce platform Big Commerce this week announced an agreement which will see Cashflow tools integrated into the Big Commerce platform. Cashflows’ Hosted Payment Page and Gateway API have been integrated into BigCommerce to enable merchants to move online and accept… Read More

November 5, 2021 @ 3:41 pm By Omar Faridi  |  

Montis Digital, the Archax subsidiary that’s mainly focused on creating digitally-native post-trade infrastructure, has announced the expansion of its senior management team, with the appointment of Steve Higgins and David Gest. Steve Higgins is reportedly joining the Montis team as Head of Operations. He will… Read More

November 5, 2021 @ 12:47 pm By Omar Faridi  |  

Confluence Technologies, Inc., an international tech solutions provider helping the investment management industry solve complex investment data challenges, reveals that it has agreed to acquire Investment Metrics for $500 million. Investment Metrics is a provider of investment data, performance, analytics and research software solutions that… Read More

November 5, 2021 @ 12:13 pm By JD Alois  |  

EstateGuru, an online investment marketplace that matches borrowers to investors with secured debt securities, has topped 100,000 investors, according to a post by its Chief Operating Officer. Mihkel Stamm, who is a member of the Board as well as COO of EstateGuru, posted: “Today, we… Read More

November 5, 2021 @ 11:36 am By JD Alois  |  

British Business Investments has committed £5 million to Green Angel Syndicate, a green investor that supports early-stage UK firms. British Business Investments is a subsidiary of government-backed British Business Bank. According to a note from British Business Investments, the funding was made via the Regional Angels Programme,… Read More

November 5, 2021 @ 11:01 am By JD Alois  |  

Tokeny, a digital asset platform that supports tokenization and digital securities, has aided in the migration of Enegra from Ethereum to Polygon blockchain. Enegra is a commodities trading firm with approximately $28 billion in net asset value (NAV). Enegra Group Ltd, incorporated in Malaysia, enables… Read More