Global

August 6, 2021 @ 7:52 am By Omar Faridi  |  

Tallinn-headquartered Fintech firm Income has finalized a seed round led by Tolaram Fintech, which is part of Tolaram, a Singapore-based enterprise with key investments in consumer products, Fintech solutions, as well as infrastructure and more than $1.2 billion in annual revenues. Estonia‘s Income says that… Read More

August 5, 2021 @ 6:39 pm By Omar Faridi  |  

yellow.ai, a customer experience (CX) automation platform, “trusted” by over 700 enterprises internationally, reveals that it has acquired $78.15M through a Series C round, which was led by WestBridge Capital along with contributions from Sapphire Ventures, and Salesforce Ventures. As noted in a release shared… Read More

August 5, 2021 @ 3:36 pm By Tony Zerucha  |  

More than one billion payment cards are at risk of not being issued over the next 18 months due to a chip shortage, ABI Research reports. That total includes 347 million in 2021 and up to 740 million in 2022 “Although not necessarily getting the… Read More

August 5, 2021 @ 12:35 pm By Omar Faridi  |  

Clara, the end-to-the-end or comprehensive solution for corporate spend management incorporated a new payment feature to its financial offering, becoming the “most complete” B2B spend control platform in the Mexican market. Through the new product, companies will be able to: Use Clara’s credit line to… Read More

August 5, 2021 @ 11:52 am By JD Alois  |  

  Leading online investment platform OurCrowd has signed a memorandum of understanding with the Azerbaijan Investment Company (AIC) – the government’s investment arm. The agreement makes OurCrowd the first Israeli business to sign an agreement with Azerbaijan since the country opened its Trade and Tourism… Read More

August 5, 2021 @ 10:45 am By Priyanka Pani  |  

Brazil-based Nubank has led a $45 million Series B funding round in yet-to-be-launched Indian neobank Jupiter. Global Founders Capital, Matrix Partners, and Sequoia Capital also participated in the round along with existing investors Addition Ventures, Tanglin VC, 3one4 Capital, Greyhound, and Beenext. Founded by Jitendra… Read More

August 5, 2021 @ 10:21 am By JD Alois  |  

BitMEX, a crypto exchange known for active trading and derivatives, has noted in a blog post that Chainalsyis has removed it from its “High Risk Assesment” qualification. In the fall of 2020, Chainalsysis labeled Bitmex a High-Risk exchange following the announcement that the US Department… Read More

August 5, 2021 @ 9:27 am By Omar Faridi  |  

Ethereum (ETH), the world’s second-largest crypto platform, behind only Bitcoin (BTC) in terms of market capitalization, is set to undergo one of the most significant upgrades in its history. The major Ethereum blockchain network upgrade is set to take place in a few hours (at… Read More

August 5, 2021 @ 8:27 am By JD Alois  |  

Santander UK is reporting the rollout of its CashFlow Manager App in the UK. The App is available for corporate and commercial banking accounts. Utilizing the Open Banking ecosystem in the UK, the app is described as enabling customers to have a single view of… Read More

August 5, 2021 @ 8:01 am By Omar Faridi  |  

UK-based TrueLayer, which is one of Europe’s leading Open Banking platforms, reveals that Clement Boulais has now joined the company as GM for France. Clement Boulais is an experienced commercial manager and Fintech expert. He’ll be working out of the firm’s Paris offices and will… Read More

August 5, 2021 @ 7:58 am By Omar Faridi  |  

Austria’s Bitpanda, the digital investment platform which has managed to achieve Unicorn status, reveals that it will be investing €10 million during the next couple years into the newly established Blockchain Research & Development Hub. The new Blockchain Research & Development Hub could potentially attract… Read More

August 5, 2021 @ 7:56 am By Omar Faridi  |  

Switzerland’s Proptech firm emonitor recently revealed that it has acquired more than CHF 5 million through a Series A round in order to further develop key technologies for the “home” ecosystem. emonitor believes that a good home is the “cornerstone of happiness and well-being.” Their… Read More

August 4, 2021 @ 9:19 pm By JD Alois  |  

Circle, creator of dollar-based stablecoin USDC, has partnered with blockchain domain name provider Unstoppable Domains to offer easily readable usernames for stablecoin payments. Circle, which recently raised $440 million notes that USDC is the world’s fastest-growing dollar digital currency with a market cap of more… Read More

August 4, 2021 @ 4:13 pm By Tony Zerucha  |  

AI-powered finance concierge Zeni has raised a $34 million Series B funding round led by Elevation Capital with participation from new investors Think Investments and Neeraj Arora. Existing investors Saama Capital, Amit Singhal, Sierra Ventures, Twin Ventures, Dragon Capital and Liquid 2 Ventures also participated… Read More

August 4, 2021 @ 3:06 pm By Tony Zerucha  |  

GlobalData believes it has a good idea of who the next blockchain unicorns will be. The company used its Unicorn Prediction Model to produce a list of 25 startups with the potential to exceed a $1 billion valuation. GlobaData looked to its scorecard of 10,000… Read More

August 4, 2021 @ 11:13 am By JD Alois  |  

UK-based peer-to-peer lending platform Proplend has added commercial property VAT loans, according to a release. Proplend is an FCA-regulated P2P lending platform specializing in sub £5 million commercial real estate debt. To date, Proplend has completed over £130 million of lending and is rated by… Read More

August 4, 2021 @ 11:03 am By Omar Faridi  |  

At the end of 2018, LF TECH had launched on Mintos to provide short-term consumer loans issued in Kazakhstan. After the initial launch, the firm paused activities so it could adopt its new strategy and restructure the company for increased scalability opportunities. LF TECH has… Read More

August 4, 2021 @ 10:41 am By Omar Faridi  |  

The team at Brooklyn, New York based ConsenSys, a leading Ethereum (ETH) development studio, has published its latest report on the Current State of DeFi. The report from ConsenSys provides a detailed analysis of Ethereum’s decentralized finance ecosystem and its ongoing growth during Q2 2021…. Read More

August 4, 2021 @ 9:45 am By JD Alois  |  

Property finance platform LendInvest has received the highest possible rating from a European rating agency for the seventh consecutive year, according to a note from the company.  For the 6th year in a row, ARC Ratings affirmed its SQ1 Servicer Quality Rating for LendInvest following… Read More

August 4, 2021 @ 9:11 am By Omar Faridi  |  

Only a few weeks after finalizing its Series A-2 funding round of almost $3.8 million from 10 different investors, Insurtech Synchrono Group Inc., which offers services under a trademarked brand called SynchronoSure, is introducing another product, company Chief Executive and Chair Steve Hartmank reveals. In… Read More