Global

October 3, 2021 @ 7:31 pm By JD Alois  |  

Timelio, a platform that provides working capital solutions so merchants get paid immediately, has raised $270 million in a debt facility led by Goldman Sachs. According to a company release, Timelio has successfully transitioned long-term marketplace investors, to offer them a position in the warehouse… Read More

October 3, 2021 @ 6:17 pm By Omar Faridi  |  

American Express (NYSE: AXP) has introduced AmexExpense, an all-digital expense management tool for companies. Currently available for all UK Business Gold and Platinum cardmembers, the free-to-download app is aimed at simplifying the expense administration process by eliminating the requirement to hold onto paper receipts and… Read More

October 3, 2021 @ 6:13 pm By Omar Faridi  |  

We recently caught up with Heikki Vänttinen, Co-founder at API3,  a collaborative initiative focused on delivering traditional API services to smart contract platforms in a decentralized and “trust-minimized” manner. It’s governed by a decentralized autonomous organization (DAO), and its code is open-source and its operations… Read More

October 3, 2021 @ 11:26 am By Omar Faridi  |  

Money transfer Fintech firm TransferGo has acquired $50 million in capital in order to support its digital payments transformation efforts. Focusing on enhancing global funds transfers, TransferGo‘s Series C investment round was reportedly led by Elbrus Capital Fund III and Black River Ventures. The fundraise… Read More

October 2, 2021 @ 5:23 pm By Omar Faridi  |  

DelfinGroup launched its initial public offering (IPO) of 8 395 000 new shares on the Nasdaq Riga stock exchange this past Tuesday (September 28, 2021), and the public offer prospectus has been released. DelfinGroup’s management noted that the offering is currently available to retail investors… Read More

October 2, 2021 @ 2:55 pm By Omar Faridi  |  

Ontology Network, a high-performance, open-source blockchain focused on digital identity and data, writes in a blog dated October 1 that on September 21, 2021, Ontology, in collaboration with AP. LLC, a Japanese consulting company with “strong ties” to local research institutes and researchers, confirmed that… Read More

October 2, 2021 @ 12:25 pm By Omar Faridi  |  

Vtivek Ravi, Product Manager in the Risk and Compliance Department at EstateGuru, a property-backed loan marketplace catering to retail investors, joined the company at their Tallinn office around seven months ago. Vivek notes that his goal is to learn more about the overall risk and… Read More

October 2, 2021 @ 9:24 am By Omar Faridi  |  

Cosmostation has been chosen by Kava Labs as the very first ecosystem partner to receive a certain portion of the $185 million Kava Ignition Fund. As mentioned in an update from Kava Labs, an open-source developer of financial services for decentralized finance (DeFi), the funds… Read More

October 2, 2021 @ 9:16 am By Tony Zerucha  |  

UK-based money app Ziglu this week its £1 million crowdfund oversubscribed in 81 minutes, beating its previous record of three hours. The campaign was launched on Seedrs, an equity crowdfunding platform. Ziglu is raising equity capital at a pre-money valuation of £85 million. Ziglu’s previous… Read More

October 2, 2021 @ 8:47 am By Omar Faridi  |  

There have been many new developments in the banking and Fintech space with new research predicting growth across various areas of the fast-evolving sector. The team at payments specialist Banking Circle notes that they were recognized at Money 20/20 by two industry awards. Banking Circle… Read More

October 2, 2021 @ 8:45 am By Omar Faridi  |  

Digital banking platform Revolut notes in a blog post that as you might already know, sending funds abroad with traditional banks can be quite costly and very slow. The fees may be really high and transactions may often take at least several business days to… Read More

October 2, 2021 @ 8:43 am By Omar Faridi  |  

The team at UK-based Blend Network, a peer-to-peer lending platform, notes that the prospects of the United Kingdom’s macroeconomic environment are “becoming gradually more positive.” Blend Network writes in a blog post that the improvement is “reflected, among other factors, in job openings at a… Read More

October 1, 2021 @ 3:34 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has charged several individuals in regard to allegations of FOREX and Bitcoin fraud. The CFTC states that an enforcement action has been filed in the U.S. District Court for the District of Massachusetts against Uduakobong Udo Inyangudo a/k/a Alexander… Read More

October 1, 2021 @ 3:07 pm By Omar Faridi  |  

Cambridge Quantum (CQ) is pleased to confirm that the latest version of TKET (pronounced “ticket”), their high-performance hardware-agnostic quantum software development kit (SDK), is completely open-source. Ilyas Khan, CEO at CQ, noted that they had first announced that TKET would be “available on an ‘open-access’… Read More

October 1, 2021 @ 2:34 pm By Tony Zerucha  |  

Australian eco startup Zero Co has announced a $4.3 million crowdfunding campaign, asking Australians to support its next growth phase as they seek to tackle the global plastic problem.  Over the past 10 months, Zero Co has signed up more than 40,000 Australian households and… Read More

October 1, 2021 @ 1:06 pm By Tony Zerucha  |  

Add STASIS CEO Gregory Klumov to the list of cryptocurrency figures who believe China’s recent decision to ban digital assets will not stop the market from growing. A sister company of EXANTE, STASIS is a stablecoin and tokenization platform based in Malta. In late September the… Read More

October 1, 2021 @ 9:54 am By JD Alois  |  

LendingBlock, a Gibraltar licensed DLT provider, will officially commence crypto lending on Monday (October 4, 2021) according to posts on Telegram. Gibraltar has positioned itself as a jurisdiction that is digital asset friendly in a regulatory compliant ecosystem. LendingBlock states: “Lendingblock opens for business Monday,… Read More

October 1, 2021 @ 9:38 am By Tony Zerucha  |  

Nahmii has launched a Layer 2 Ethereum scaling solution capable of achieving true commercial viability with a baseline of top-tier performance, instant finality and low, predictable fees, the company said this week. “We are truly thankful to the community of developers who provided their feedback… Read More

October 1, 2021 @ 8:17 am By Omar Faridi  |  

XDEFI Wallet, a next-gen browser wallet, is pleased to confirm that it has completed a $6 million round that was led by Mechanism Capital along with contributions from DeFiance Capital, Alameda Research, Sino Global Capital, Animoca Brands, Morningstar Ventures, CoinGecko, and DeFi industry participants such… Read More

October 1, 2021 @ 8:14 am By Omar Faridi  |  

Fintech Australia has released a tool for early-stage Fintechs and international financial tech platforms expanding into Australia, providing guidance on financial services licensing in Australia and “which government bodies are responsible for managing them.” Created with assistance from law firm K&L Gates and Austrade, the… Read More