Global

September 15, 2021 @ 4:02 pm By Tony Zerucha  |  

European open banking platform TrueLayer is working with Cazoo, a UK online car retailer, to offer instant payments and refunds for its customers. Cazoo’s service gives sellers an offer within seconds which is guaranteed for seven days. Customers can either opt to have their car… Read More

September 15, 2021 @ 3:14 pm By Tony Zerucha  |  

Liti Capital, a Swiss-based litigation funding provider, has launched staking for its wLITI token. As of Sept. 13, wLITI token holders will be able to stake their tokens and receive wLITI in return. “Staking is a crucial tool to be attractive in the DeFi space and to… Read More

September 15, 2021 @ 3:03 pm By Tony Zerucha  |  

Russian fintech Tinkoff has launched Tinkoff Private, a new offering geared to affluent customers. It is a digital private banking service combining a range of actions for the HNWI segment that is now available in the Tinkoff and Tinkoff Investments apps. Tinkoff Private creates a… Read More

September 15, 2021 @ 11:17 am By Omar Faridi  |  

Immigrants have been neglected by traditional banking and financial institutions. Our financial systems and related practices have been developed for a consumer who has been raised in the US or has a considerable amount of financial knowledge. Our systems tend to make many assumptions as… Read More

September 15, 2021 @ 10:13 am By Omar Faridi  |  

Paxful, an established and globally accessible P2P Fintech platform, reveals that it has performed an integration on the Lightning Network. More than 7 million Paxful users will now be able to “leverage the power of the Lightning Network, a system built on top of the… Read More

September 15, 2021 @ 9:00 am By Omar Faridi  |  

HaloDAO is collaborating with YGG for “local” stablecoin support “for simpler cash out,” according to an update shared with Crowdfund Insider. HaloDAO, a stablecoin marketplace protocol, is working cooperatively with Yield Guild Games (YGG) to “enable YGG community members to support simpler cash outs in… Read More

September 15, 2021 @ 8:07 am By JD Alois  |  

As has been widely reported, China Evergrande Group (HKEX:3333), China’s second-largest property developer, is flashing default signals on its corporate debt.  In a corporate statement Evergrande said that the company expects a “significant continuing decline in contract sales in September, thereby resulting in the continuous… Read More

September 15, 2021 @ 7:48 am By Omar Faridi  |  

SellersFunding, an international Fintech firm focused on growth for digital commerce sellers, reveals that it has acquired $166.5 million in capital via a combination of equity and credit facility, with a round that was led by Northzone, along with contributions from Endeavor Catalyst and Fasanara…. Read More

September 15, 2021 @ 7:29 am By Omar Faridi  |  

A £3 million Fintech-focused Research Center has been established in order to support sector-wider transformation efforts. The Fintech Center has been launched at the Nottingham Business School (NBS) in order to work closely with various organizations and carry out relevant academic research which will aim… Read More

September 15, 2021 @ 7:26 am By Omar Faridi  |  

Fintech firm Lightyear announced on Wednesday (September 15, 2021) that they’ve acquired an additional $8.5 million in capital. The firm also confirmed the launch of its app as the business begins onboarding UK clients off its waiting list. Lightyear aims to combine multi-currency accounts with… Read More

September 15, 2021 @ 1:21 am By JD Alois  |  

Plum, a money management app, says it is returning to crowdfunding with a forthcoming securities offering on Crowdcube, according to a company release. Back in 2019, Plum raised £2.47 million at a pre-money valuation of £14.5 million on Seedrs. In 2018, Plum raised £1 million… Read More

September 14, 2021 @ 11:51 pm By JD Alois  |  

Property investment platform CrowdProperty has announced the launch of its Planning Gain Finance product, a service line that affirms the business’s commitment to partnering with SME developers. According to CrowdProperty, Planning Gain Finance will assist developers in securing developments that have not yet received the… Read More

September 14, 2021 @ 10:16 pm By Omar Faridi  |  

To ensure that individual consumers, families, and companies have near-instant access to insurance funds to deal with unexpected situations or emergencies, One Inc, a digital payments network for the insurance sector, reveals that it intends to disburse claims via Mastercard virtual cards and Mastercard Send…. Read More

September 14, 2021 @ 9:38 pm By JD Alois  |  

Conister Bank Limited, part of Manx Financial Group PLC (AIM:MFX), has agreed to an increase of £3.25 million to an existing block financing agreement of £3 million with Time Finance Limited bringing the total agreement to £6.25 million. Conister has been operating in the UK… Read More

September 14, 2021 @ 8:35 pm By Tony Zerucha  |  

Predictive blockchain monitoring and investigative platform Merkle Science today announced accelerated global expansion with a major focus on the United States. The process will be led by former U.S. Attorney Mary Beth Buchanan, who was named president, Americas and global chief legal officer. “This is an… Read More

September 14, 2021 @ 6:04 pm By Tony Zerucha  |  

Xendit, a payments infrastructure provider serving Southeast Asia, this week announced a $150 million Series C that added it to the list of Southeast Asia unicorns. The round was led by Tiger Global Management with participation from existing investors Accel, Amasia, and Justin Kan’s Goat… Read More

September 14, 2021 @ 4:22 pm By Tony Zerucha  |  

Banking software company Temenos this week announced the availability of Temenos Transact next-generation core banking with Red Hat OpenShift on IBM Cloud, to accelerate hybrid cloud adoption within the financial services industry.  Temenos Transact helps banks adopt a cloud strategy for their core banking systems… Read More

September 14, 2021 @ 3:38 pm By Tony Zerucha  |  

Digital asset banking platform SEBA Bank this week announced a number of additions to its management team. Mathias Schuetz, current regional head of Avaloq Switzerland and CEO of Avaloq Sourcing (Switzerland and Liechtenstein) AG, has been appointed head of Client and Technology Solutions and member… Read More

September 14, 2021 @ 11:23 am By Omar Faridi  |  

MonetaGo, a Fintech-focused services provider, reveals that it has created a platform to address financing fraud in the trade finance sector on an international level. The trade finance industry has been impacted by duplicate financing fraud. In these types of cases, companies can acquire financing… Read More

September 14, 2021 @ 11:16 am By JD Alois  |  

MODIFI has raised $24 million in funding raising its valuation to $120 million, according to a company release. MODIFI is a global fintech company that helps SMEs finance and manage their international trades, currently serving over 1,000 buyers and sellers across more than 40 countries… Read More