Global

August 16, 2021 @ 10:37 am By Omar Faridi  |  

Fintech firm Ualá has secured $350 million in capital at a $2.45 billion valuation. The company’s latest funding round is reportedly the largest private investment round ever for an Argentina-based business. Ualá’s Series D investment round has been co-led by Chinese tech giant Tencent and… Read More

August 16, 2021 @ 10:13 am By JD Alois  |  

TWINO, an online lending marketplace based in Latvia, is reporting a record profit of €7.4 million on revenue of €61.6 million. The profit was an increase of 28% versus the year prior while top-line revenue increased by 30% year over year. Anastasija Oļeiņika, CEO of… Read More

August 16, 2021 @ 9:27 am By Omar Faridi  |  

UK-based digital bank Monzo notes that getting paid can be fun, but quite often, what “goes on behind the scenes isn’t.” According to Monzo’s blog post, if anything, getting paid may “take the fun out of business fundamentals.” Monzo, which is currently the subject of… Read More

August 16, 2021 @ 8:03 am By Omar Faridi  |  

New data from European Fintech iwoca, one of the largest small business lenders, reveals how embedded finance will play a key role for SMEs as they try to recover from the COVID-19 pandemic. Timely insights “bring to life” the wide-ranging benefits of embedded finance, according… Read More

August 16, 2021 @ 8:00 am By Omar Faridi  |  

London-based Fintech firm SumUp has teamed up with the National Garden Scheme in order to lead the digitalization of charity by enabling “seamless” charitable donations via its card-reading tech, at an event supported by Dame Mary Berry, President of the National Garden Scheme, at Chilworth… Read More

August 16, 2021 @ 7:56 am By Omar Faridi  |  

Datam, a new software-as-a-service (SaaS) platform that allows companies or businesses to begin accepting card payments within minutes, has raised £560,920 of its £550,001 target from 224 investors (at the time of writing) via Seedrs. There are 24 days left in the company’s sale, as… Read More

August 15, 2021 @ 11:02 pm By Omar Faridi  |  

In June 2021, the team at Bondora, a leading P2P lending platform, had celebrated Go & Grow’s success with more than €10 million invested. And this month in August, they’re celebrating another key milestone: Bondora now has more than 170,000 investors active on its platform…. Read More

August 15, 2021 @ 9:14 pm By Omar Faridi  |  

WorldRemit, a UK-based digital cross-border payments firm, recently introduced its money transfer services in Malaysia’s markets through its app and web-based platform. Clients are now able to send funds from Malaysia, in addition to 50 other nations including the United Kingdom and the US, to… Read More

August 15, 2021 @ 7:59 pm By Omar Faridi  |  

In the fast-evolving digital economy, money laundering and financial crime have been increasing quite rapidly as regulation and banking processes struggle to address the rise in “criminal innovation.” Because of these developments, financial institutions have to respond quickly and effectively, by utilizing the appropriate tools… Read More

August 15, 2021 @ 6:23 pm By Omar Faridi  |  

Dr. Jan-Philip Schade, Partner at Kaspar&, a Swiss Wealthtech firm, notes that they’re celebrating the first year of launching operations. Dr. Schade, who’s also a lecturer at the University of St.Gallen (HSG), acknowledges that it has been quite a journey so far. He also shared… Read More

August 15, 2021 @ 12:05 pm By Omar Faridi  |  

Small Robot Company, which intends to bring PerPlant farming to the world’s largest crops with a “unique” level of intelligence and “precision” to a $240 billion/year sector, has secured £3,434,851 of its £2,000,000 target (at the time of writing) from 1974 investors via Crowdcube. Small… Read More

August 15, 2021 @ 11:59 am By Omar Faridi  |  

Automobile lender Jet Finance reveals that it has launched on European peer-to-peer lending platform Mintos. As mentioned in a blog post by Mintos, the Jet Finance team says it’s pleased to confirm that it has officially gone live on Mintos. According to the update, Jet… Read More

August 14, 2021 @ 9:12 pm By Tony Zerucha  |  

Nigerian banking regulators have released new guidelines governing the services offered by the country’s mobile money operators (MMO). It is the first update in six years and is meant to address the sweeping changes seen since 2015. Ibrahim Moshood, an associate with Centurion Law Group,… Read More

August 14, 2021 @ 6:09 pm By Priyanka Pani  |  

US-based venture capital firm Craft Ventures has announced its latest $1.12 billion funds for SaaS and Marketplace founders. The fund is divided into Craft Ventures III ($612 million) and Craft Ventures Growth I ($510 million), bringing Craft’s total assets under management at $2 billion. The… Read More

August 14, 2021 @ 4:10 pm By Omar Faridi  |  

Sheila Warren, Deputy Head of the C4IR; Member of the Executive Committee, World Economic Forum,  and Sumedha Deshmukh Platform Curator, Blockchain and Digital Currency, World Economic Forum, recently published their views on why effective cryptocurrency regulations will take time to develop. As noted (on August… Read More

August 14, 2021 @ 1:15 pm By Omar Faridi  |  

A blockchain analytics tool has reportedly been introduced on the dark web, enabling Bitcoin or BTC addresses to be checked for “links to criminal activity.” Known as Antinalysis, it allows cryptocurrency launderers to test or determine whether their funds will be “identified as proceeds of… Read More

August 14, 2021 @ 1:11 pm By Omar Faridi  |  

Nearly 80% of European investors now use digital tools to keep track of their expenses, according to an update from Croatian peer-to-peer lender Robo.cash. Robo.cash notes in a blog post that 78.9% of investors have been monitoring their spending or transactions via an app or… Read More

August 14, 2021 @ 1:07 pm By Omar Faridi  |  

Although US equity markets are currently under the spotlight, due partly to the structure debate, the fact of the matter is that practices commonly found in the equity options market, like permanent specialist appointments, “complicated price improvement mechanisms” and “asymmetric” fees, are an even more… Read More

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

Bondster, an online investment platform where individuals may invest in secured loans, has launched a secondary trading marketplace, according to a note from the company. The Czech crowdfunding platform now provides greater liquidity for investors enabling them to cash out before the maturity of a… Read More

August 13, 2021 @ 3:32 pm By Omar Faridi  |  

Global startup engagement program Mastercard Start Path is welcoming 11 Fintechs to receive dedicated support, access to clients and product development teams, and opportunities to engage in innovative projects. Finmod, Flourish Savings, GenEQTY, Karri, KeyChain Pay, Kwara, Layer, Osper, Swap, upSWOT and Wellthi have reportedly… Read More