Global

August 2, 2021 @ 8:15 am By Omar Faridi  |  

Fintech giant Square (NYSE:SQ) will be acquiring Australia-based Buy Now, Pay Later or BNLP firm Afterpay for $29 billion. For payments Fintech Square, this deal should serve as a key opportunity to enter the fast-growing BNPL market that is now challenging the traditional merchant card-based… Read More

August 2, 2021 @ 8:11 am By Omar Faridi  |  

Infinity Maritime has announced a partnership with Lloyd’s Register in order to enhance maritime sustainability As noted in a release shared with CI: “Following on from the announcement of collaboration with … international ship brokers, Infinity Maritime reflects the maritime ecosystem by announcing its partnership… Read More

August 2, 2021 @ 8:05 am By Omar Faridi  |  

Fintech app Snoop has secured £15 million in capital in order to support its global expansion efforts. Established by ex- Virgin Money Chief Executive Jayne-Anne Gadhia, the smart money app Snoop closed its Series A round with contributions from US investment management company Paulson &… Read More

August 1, 2021 @ 11:48 pm By Omar Faridi  |  

WyzePay, a platform for firms to issue corporate currency to clients, increasing benefits for both sides, has secured £384,404 or 128% of its £300,001 target from 125 investors via Seedrs. Based in London, UK, WyzePay now has 24 days left until its offer ends. The… Read More

August 1, 2021 @ 7:04 pm By Omar Faridi  |  

PayPal Holdings, Inc. (NASDAQ: PYPL) announced its Q2 2021 results on July 28, 2021, for the period ended June 30, 2021. As noted in the announcement, the earnings release and related materials discussing these results may now be accessed at its investor relations website. PayPal… Read More

August 1, 2021 @ 5:41 pm By Omar Faridi  |  

Airwallex, a cross-border payments firm, recently revealed its plans to form a new venture capital fund that is set up by its founders. The Capital 49 fund will aim to make investments into early-stage, high-growth tech-enabled companies that will be supported by Airwallex’s infrastructure. The… Read More

August 1, 2021 @ 12:57 pm By Omar Faridi  |  

Mambu, a software-as-a-service or SaaS Cloud banking platform, has introduced an all-digital solution for SME lenders that aims to lower overall costs while speeding up the time to market. The new platform will be offering both banks and Fintechs with robust, scalable loan management solutions… Read More

August 1, 2021 @ 11:23 am By Omar Faridi  |  

The Dubai International Financial Centre (DIFC), a special economic zone in Dubai covering 110 ha, established in 2004 and a financial hub for the MENA region as well as South Asia markets, has reportedly invested an undisclosed amount in UK-headquartered Legaltech firm Clara. Clara has… Read More

August 1, 2021 @ 11:18 am By Omar Faridi  |  

The ASEAN Financial Innovation Network (AFIN) recently confirmed the appointment of H.E Serey Chea, Prof. Olayinka David-West as advisors and Latha Ayyar as an independent director to its board. The ASEAN Financial Innovation Network (AFIN) has been established in order to facilitate innovation and cooperation… Read More

July 31, 2021 @ 5:43 pm By Omar Faridi  |  

Mendix, a low-code app development platform, reveals that it has partnered with CLEVR. CLEVR employs the world’s largest team of Mendix experts, according to a release shared with CI. The company is on a mission to use low-code and no-code tools “to raise the bar… Read More

July 31, 2021 @ 2:40 pm By Omar Faridi  |  

UK-based digital bank Monzo is currently facing a civil and criminal money-laundering investigation that is being carried out by the Financial Conduct Authority (FCA). Monzo‘s management disclosed these details in its annual report that was released on Friday (July 30, 2021). For the second straight… Read More

July 31, 2021 @ 2:29 pm By Omar Faridi  |  

Blockchain analysis firm Chainalysis has added advanced investigation and compliance support for six more widely-used ERC-20 tokens. All six crypto tokens are decentralized finance or DeFi related and five of them “specifically belong to top DeFi protocols,” the blockchain firm noted in a recent update…. Read More

July 31, 2021 @ 9:06 am By Omar Faridi  |  

Payments specialist Banking Circle notes in a recent update on the payments, banking and Fintech space that there have been record-level investments in the UK’s vibrant Fintech sector, with $5.7 billion of VC invested across 317 deals so far in 2021. Banking Circle‘s CIO, Michel… Read More

July 31, 2021 @ 9:04 am By Omar Faridi  |  

Latvia-based P2P lending platform Sun Finance has exceeded the €1 billion (appr £851.7 million) milestone in the total loans provided. The company reveals that it’s on track to end 2021 with €200 million in earnings. Established in January 2017, the Sun Finance platform has managed… Read More

July 30, 2021 @ 11:01 pm By Omar Faridi  |  

The team at UK-based P2P lender Blend Network notes that the Covid-19 pandemic may be subsiding, however, the “new normal” may not look the same as 2019. As noted by Blend Network, market participants are increasingly concerned about inflation, especially during recent months. The P2P… Read More

July 30, 2021 @ 7:25 pm By Omar Faridi  |  

Addepar, a U.S.-based wealth manager with $2.5 trillion of assets on its platform, had secured $150 million in capital in June of this year. Addepar‘s management recently revealed that they’re planning to further expand business operations outside the US. The company confirmed that it’s hiring… Read More

July 30, 2021 @ 5:23 pm By Omar Faridi  |  

Transcend, an established provider of analytics, optimization, and automation for collateral, liquidity, and funding, has reportedly hired Rajen Patel who will be leading European sales, strategy and the firm’s ongoing expansion efforts. As Transcend continues to expand its international presence and customer base, it is… Read More

July 30, 2021 @ 4:11 pm By Omar Faridi  |  

The team at Assetz Capital, a marketplace lending platform originating secured loans, notes that after the end of the previous COVID-19 loan schemes, the UK Government launched the new Recovery Loan Scheme (RLS). Assetz Capital was accredited to lend via the RLS scheme on July… Read More

July 30, 2021 @ 4:06 pm By Omar Faridi  |  

IuteCredit, a European personal finance firm, has shared its unaudited results for the first 6 months of 2021. As noted by the Mintos team, luteCredit has reported its operational, strategic, and financial highlights of its business, as well as comments from its Chief Executive. Operational… Read More

July 30, 2021 @ 11:15 am By Omar Faridi  |  

SKALE Network, the multichain network of “unlimited” Ethereum blockchains for powering Web 3.0 today, has initiated a roll out of the first decentralized applications (dApps) to go live on Mainnet. As mentioned in an update shared with CI, the release of the SKALE IMA bridge… Read More