Global

September 9, 2021 @ 10:38 pm By Omar Faridi  |  

Koyo has finalized a Series A round that was led by Force Over Mass along with contributions from existing investors Forward Partners, Frontline Ventures and Seedcamp. New investors in Koyo’s latest investment round include Force Over Mass, Matt Robinson (founder at GoCardless, founder at Nested)… Read More

September 9, 2021 @ 9:20 pm By JD Alois  |  

Lisa Jacobs, Managing Director of Funding Circle UK  (LSE: FCH)  will succeed Samir Desai CBE as Chief Executive Officer beginning January 1st, 2022. The news was revealed today alongside Funding Circle’s financial results. Jacobs joined Funding Circle in September 2012 as Chief Strategy Officer. Prior… Read More

September 9, 2021 @ 4:02 pm By Tony Zerucha  |  

Cardano’s price should reach $4 by the end of 2021, one industry analyst predicts. deVere Group founder and chief executive Nigel Green said he is bullish about Cardano, which is generating plenty of enthusiasm as a much-anticipated technology upgrade is scheduled for Sept. 12. Green… Read More

September 9, 2021 @ 1:30 pm By Omar Faridi  |  

Crediverso, the Hispanic-owned personal finance products firm, reveals that it has introduced a bilingual platform and a financial products marketplace tool “to serve the 62M+ Hispanic consumers in the U.S., who are 2-3x more likely to be underbanked than the rest of the population,” according… Read More

September 9, 2021 @ 10:06 am By Omar Faridi  |  

Uphold, the digital money platform offering retail investors with single-wallet access to virtual and physical assets reveals that it has appointed technologists Stephen McNamara, as Chief Executive, and Kevin Sullivan, as CTO, at Uphold Labs. The new recruits will be responsible for leading Uphold Labs,… Read More

September 9, 2021 @ 9:15 am By JD Alois  |  

Online capital formation is one of the earliest sectors of Fintech. Platforms exist around the world to match investors with debt, equity and other securities to raise capital to finance a  firm, back a real estate project, or simply to provide capital to those in… Read More

September 9, 2021 @ 7:00 am By JD Alois  |  

Marqeta (NASDAQ: MQ) has announced that a partnership with Zip Co. (ASX: Z1P) in Australia will continue as they join to power a buy now, pay later (BNPL) solution. Marqeta has been working with Zip for about a year but this is the first time… Read More

September 8, 2021 @ 11:49 pm By JD Alois  |  

Homeppl, a UK-based Proptech, has raised $1.4 million in funding round at a post-money valuation $13.5 million. This most recent funding brings total seed capital to over $5 million. Homeppl combines anti-fraud technology with Open Banking data to protect landlords from tenant fraud, and ensure… Read More

September 8, 2021 @ 11:08 pm By Omar Faridi  |  

Finxact, an established Core as a Service banking provider, reveals that Live Oak Bank, a small business bank, has converted its retail and commercial deposit accounts to the Finxact Core. The conversion serves as an inflection point for the sector with a $8 billion+ banking… Read More

September 8, 2021 @ 8:27 pm By Omar Faridi  |  

Three private equity funds and a select group of VCs have reportedly invested around $120 million in Egypt-based MNT-Halan, a microfinance lending and payments firm. As noted by its management: “MNT-Halan is Egypt’s largest and fastest growing lender to the unbanked. Founded in 2018, with… Read More

September 8, 2021 @ 1:49 pm By Tony Zerucha  |  

Distributed ledger technology is capable of having a tremendous impact on the efficiency of capital markets, and for Standard Bank Group, Africa’s largest bank by assets under management, it will start with its fixed-income division, DLT innovation analyst Gideon Rossouw said.  Rossouw recently listed 10… Read More

September 8, 2021 @ 11:17 am By Omar Faridi  |  

Fluency, a company that’s introducing a proprietary central bank digital currency or CBDC-focused blockchain enterprise platform, has received $1.3 million as part of a seed funding round from Europe-based investors (at a $23.5 million pre-money valuation). In statements shared with Finextra, Fluency Chief Executive Inga… Read More

September 8, 2021 @ 9:23 am By JD Alois  |  

Marshmallow, an Insurtech that provides a digital path for auto insurance, has raised $85 million at a $1.25 billion valuation thus vaunting it into Unicorn status. In the past 12 months, Marshmallow has raised $100 million. In a blog post, the UK-based firm said it… Read More

September 8, 2021 @ 8:53 am By JD Alois  |  

Billon has announced that it is one of 7 selected blockchain providers that will be part of the European Union’s European Blockchain Services Infrastructure project (EBSI). The selection is a sign of validation for the blockchain firm. Yesterday, it was announced that IOTA had been… Read More

September 8, 2021 @ 8:19 am By Omar Faridi  |  

SIX and Inventx have announced that they will be cooperating on Open Finance initiatives. As part of a strategic partnership, Inventx and SIX will ensure the seamless interconnection of their complementary ix.OpenFinancePlatform and bLink open-finance hubs “going forward.” Following the cooperation between Swisscom and SIX… Read More

September 8, 2021 @ 7:48 am By JD Alois  |  

Peer to peer SME lender Linked Finance says that business optimism is back to pre-pandemic levels even while the Delta/Mu COVID variants capture headlines. Linked Finance, operating in Ireland, reports in its inaugural Linked Finance SME Confidence Index, referencing research conducted by Behaviours & Attitudes, was… Read More

September 8, 2021 @ 7:37 am By Omar Faridi  |  

Greengage Global Holding Ltd, a UK registered firm, which intends to serve as the very first digital merchant bank through its wholly owned Gibraltar subsidiary, Greengage & Co. Ltd, reveals that it has acquired another institutional investment, along with its £2.5 million investment from IOVLabs…. Read More

September 8, 2021 @ 7:34 am By Omar Faridi  |  

Jeff App, the Latvian Fintech company offering a data-powered loan brokerage platform for unbanked or financially underserved consumers in Asia, has finalized a $1.5 million seed extension round, which was led by J12 Ventures. Jeff App has now secured a total of $2.5 million. Other… Read More

September 8, 2021 @ 6:06 am By Omar Faridi  |  

JCB International Co., Ltd., the global operations subsidiary of JCB Co., Ltd., and Checkout.com, the international payments processing platform, revealed that they’ve extended their partnership with the introduction of J/Secure 2.0 which is “compliant with EMV 3-D Secure (EMV 3DS) to Checkout.com’s merchants in the… Read More

September 7, 2021 @ 5:42 pm By Omar Faridi  |  

Bitfinex Securities Ltd., a provider of blockchain or distributed ledger tech (DLT)-enabled investment products, has introduced its regulated investment platform in the AIFC Fintech Lab, with the goal of improving accessibility for a wide range of financial products for qualified members interested in diversifying their… Read More