Global

July 12, 2021 @ 10:49 am By JD Alois  |  

UK-based Fintech Curve has announced a new partnership with Discover (NYSE:DFS), according to a note from the company. Discover Global Network reports over 50 million merchant acceptance locations and 2 million ATM and cash access locations around the world. Curve states that the arrangement will… Read More

July 12, 2021 @ 10:18 am By Omar Faridi  |  

UK-based Weavr, a startup that assists businesses with embedding banking and payments solutions into their mobile or software-as-a-service (SaaS) solutions, has finalized a £7 million seed round. Weavr’s investment round, which is an extension of a £3 million seed capital fundraise during 2020, has reportedly… Read More

July 12, 2021 @ 9:29 am By JD Alois  |  

Three European digital investment platforms Kapilendo, Finnest, and Invesdor will now consolidate under the Invesdor brand. Finland-based Invesdor was originally launched as a securities crowdfunding platform. In 2019, Invesdor and Finnest completed a merger. When the two companies merged, Finnest was operating as an online… Read More

July 12, 2021 @ 8:47 am By Omar Faridi  |  

Austria-based Blockpit, a provider of legally compliant and audited tax reports for the treatment of digital assets, reveals that it has acquired $10 million in capital as part of Series A round. Blockpit’s investment round has reportedly been led by MiddleGame Ventures (MGV) along with… Read More

July 12, 2021 @ 8:21 am By JD Alois  |  

Leading property finance Fintech LendInvest is expected to trade on the London Stock Exchange’s AIM market this Wednesday (July 14, 2021). According to documents filed with the exchange, LendInvest will raise £40 million at a £255.6 million valuation. 83.7% of shares will remain in the… Read More

July 12, 2021 @ 7:31 am By Omar Faridi  |  

At a time when reserve banks across the globe are increasingly focusing on their digital currency initiatives, Switzerland’s apparent lack of interest in seriously looking into central bank digital currencies (CBDCs) might make the leading European economy less competitive. This, according to a recent analysis… Read More

July 12, 2021 @ 7:29 am By Omar Faridi  |  

UK-based business banking platform Tide has secured more than $100 million in capital through a Series C round (at a $650 million valuation). Tide, which has helped around 350,000 SMEs and opened more than 410,000 business accounts since it launched operations in the United Kingdom… Read More

July 11, 2021 @ 10:59 pm By Omar Faridi  |  

Fenchurch Legal, a litigation finance provider, has reportedly joined European P2P lending platform Mintos and will be offering new investment opportunities. As mentioned in an update from Mintos, dated July 8, 2021, the platform continues to add new cooperation partners. It also remains focused on… Read More

July 11, 2021 @ 8:57 pm By Omar Faridi  |  

With changing consumer habits for digital purchasing and a significant increase in customer demand for Buy Now Pay Later (BNPL) payment services in the Australian market, Fintech firm Zip has decided to join forces with Microsoft (NASDAQ: MSFT). Zip says the new partnership is designed… Read More

July 11, 2021 @ 5:42 pm By Omar Faridi  |  

Fintech infrastructure company Alchemy has reportedly received SOC 2 Type II Attestation. Alchemy, a financial technology infrastructure provider confirmed in an update, dated July 10, 2021, that its SOC 2 Type II audit was carried out by KirkpatrickPrice. This attestation offers evidence that Alchemy has… Read More

July 11, 2021 @ 3:37 pm By Omar Faridi  |  

Asheesh Birla, GM – RippleNet at American Fintech Ripple, which is currently involved in a lawsuit from the US Securities and Exchange Commission (SEC), recently published a blog post, titled, “Evolving RippleNet for a Tokenized Future.” Birla writes that cryptocurrency and blockchain or DLT are… Read More

July 11, 2021 @ 2:23 pm By JD Alois  |  

The Commodity Futures Trading Commission CFTC) has noted that the US District Court for the Southern District of Texas entered a default judgment against Laino Group Limited doing business as PaxForex (PaxForex) of St. Vincent and the Grenadines. According to the CFTC, PaxForex charged PaxForex… Read More

July 11, 2021 @ 1:56 pm By Omar Faridi  |  

Bullish, a tech firm focused on creating financial services for the digital assets sector, recently revealed its plans to go public on the New York Stock Exchange (NYSE) via a merger with Far Peak Acquisition Corporation (NYSE: FPAC), a special purpose acquisition company or SPAC…. Read More

July 10, 2021 @ 8:01 pm By Omar Faridi  |  

Nium, a global payments platform, reveals that it has entered a definitive agreement to acquire Wirecard Forex India Pte. Ltd, which serves as a foreign currency exchange, pre-paid card, and remittance service provider for Indian markets. Wirecard Forex has been licensed by the Reserve Bank… Read More

July 10, 2021 @ 7:24 pm By Omar Faridi  |  

The European Commission reveals that it has approved the merger request from the P27 Nordic Payments initiative in order to form its pan-Nordic payments platform. This latest approval from the European Commission marks a key milestone for the project which is focused on working towards… Read More

July 10, 2021 @ 4:57 pm By Omar Faridi  |  

After selling its proprietary lending technology to banking institutions, Funding Xchange has decided to launch an FXE Technology unit. The FXE Technology division for lenders will offer affordability and eligibility assessments, along with portfolio monitoring services after loans have been issued. Funding Xchange Co-founder and… Read More

July 10, 2021 @ 1:31 pm By Omar Faridi  |  

Promsvyazbank and Tochka, a Fintech-focused service for SMEs, reportedly began using an Open Banking API implemented by the Bank of Russia and the Russian Fintech Association (RFA). They’ve passed the tests at the Open API Certification Stand, which is being operated by the Russian Fintech… Read More

July 10, 2021 @ 12:28 pm By Tony Zerucha  |  

Australian blockchain-based voting and engagement platform Horizon State will soon start an equity crowdfunding offering on the Equitise platform. Funds will go to staffing, technology, expansion, and other sectors. Horizon State has developed a digital voting and engagement platform that facilitates secure and remote public… Read More

July 10, 2021 @ 11:27 am By Omar Faridi  |  

Toronto-headquartered Clearco — which was previously doing business as Clearbanc — has secured $215 million in growth equity through a round that was recently led by the SoftBank Vision Fund 2. The firm is now focused on its global expansion efforts. Established in 2015, the… Read More

July 9, 2021 @ 5:27 pm By Omar Faridi  |  

BigPay is focused on expanding its business operations into Thailand after Airasia’s acquisition of Gojek’s Thailand division via its digital unit in a deal valued at RM208 million (appr. $50 million). This move has been announced ahead of AirAsia‘s plans to offer a Super app… Read More