Global

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

August 4, 2021 @ 9:00 am By JD Alois  |  

Localize has closed on a $25 million Series C funding round, according to a note from the Proptech firm. The funding round was led by Pitango Growth with Mizrahi-Tefahot and existing investors joining in. As part of the funding round Pitango co-founder and Managing Partners,… Read More

August 4, 2021 @ 8:59 am By JD Alois  |  

Financial risk management platform Feedzai has acquired Revelock a biometric ID platform. Revelock technology will be immediately integrated into the core Feedzai platform with historical behavioral biometric intelligence available.  Feedzai claims the purchase has created the world’s largest AI-powered financial risk management platform calling the… Read More

August 4, 2021 @ 8:28 am By Omar Faridi  |  

The team at Digital Asset Management reports that it is now live on Crowdcube as the first Gibraltar registered firm to crowdfund. The firm’s management told Crowdfund Insider: “During the first few days of being live in Dam’s community, the company has raised over 1,000,000… Read More

August 4, 2021 @ 8:24 am By Omar Faridi  |  

Dedicated Prime property lender CapitalRise announced the advancement of a £9.2 million senior loan for the refinancing and development of two freehold Georgian townhouses based in Bloomsbury, London “with a GDV of £14 million.” As mentioned in a release shared with CI, the loan will… Read More

August 4, 2021 @ 8:19 am By Omar Faridi  |  

A completely digital economy has “always been on the horizon” and now, thanks to the Covid-19 outbreak, that horizon has been “brought to the forefront” of business operations, the team at UK-based Fintech Modulr writes in a blog post. Before the Coronavirus crisis, cashless payments… Read More

August 3, 2021 @ 10:36 pm By Omar Faridi  |  

ABN Amro (AMS: ABN), a Dutch bank with headquarters in Amsterdam and currently the third-largest bank in the Netherlands, will be offering clients a sustainability discount on mortgage interest rates for energy-efficient homes. ABN Amro‘s management noted that they will be using the EU’s Energy Label… Read More

August 3, 2021 @ 10:33 pm By JD Alois  |  

FinTech Australia, the leading association advocating on behalf of innovation in financial services in Australia, is looking for a new Chief Executive Officer. The hunt for new leadership was predicated by the decision of former CEO Rebecca Schot-Guppy to exit the group to take a… Read More

August 3, 2021 @ 6:20 pm By Omar Faridi  |  

Digital bank Revolut, which offers a financial Super App with 16 million clients globally, reveals that it has simplified cross-border transactions between the US and Mexico with the introduction of its US-Mexico remittance corridor. With this launch, Revolut clients in the US and Mexico are… Read More

August 3, 2021 @ 9:16 am By JD Alois  |  

CrowdProperty recently returned to Seedrs to raise growth capital once again. This time, the Proptech raised over £1.8 million from 793 investors. The offering was initial pegged at a target of £800,000. Investors purchased equity at a pre-money valuation of £29.4 million. The offering was… Read More

August 3, 2021 @ 8:24 am By Omar Faridi  |  

London’s Element Ventures, a B2B Fintech-focused VC company, has established a $130 million fund with support from prominent investors. Launched by experienced financial services professionals Stephen Gibson and Michael McFadgen, and joined by Spencer Lake, who is HSBC’s ex- Vice Chairperson of Global Banking and… Read More

August 3, 2021 @ 8:22 am By Omar Faridi  |  

Molo Finance reveals that it has formed an intermediary partnership with Tenet Group, which is one of the largest financial advisor support groups in the United Kingdom. This partnership will see Tenet provide Molo’s products to its advisers and client base, increasing their reach in… Read More