Global

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

August 3, 2021 @ 8:00 am By JD Alois  |  

Payments Fintech Rapyd has raised $300 million in Series E funding according to a note from the company. Rapyd recently acquired European payments firm Valitor for $100 mill to expand its services. The funding was led by Target Global along with participation from existing investors: General… Read More

August 2, 2021 @ 11:59 pm By JD Alois  |  

GenoCrowd, a partnership between Raiffeisenbank im Hochtaunus and CrowdDesk, has announced its first securities offering for a property project in Leipzig. GenoCrowd GmbH, a 100% subsidiary of CrowdDesk GmbH. Both GenoCrowd GmbH and CrowdDesk GmbH are companies that are independent of Raiffeisenbank im Hochtaunus eG…. Read More

August 2, 2021 @ 9:26 pm By Omar Faridi  |  

Singapore-based DBS Bank Ltd (SGX:D05), a multinational banking and financial services corporation with over $330 billion in assets, and Temasek have entered into an agreement to introduce a $500 million growth or early-stage debt financing platform, known as EvolutionX Debt Capital. Based in Singapore, EvolutionX… Read More

August 2, 2021 @ 9:22 pm By Omar Faridi  |  

Cairo-headquartered CreditFins, a credit card management service provider, has acquired an undisclosed amount of capital via a pre-seed round. CreditFins’ investment round has been led by Flat6Labs, AUC Angels, TA Telecom Holding, along with contributions from other technology-focused angel investors. CreditFins has also graduated from… Read More

August 2, 2021 @ 6:08 pm By Omar Faridi  |  

Bitfinex Derivatives is offering a derivatives platform that is accessible via Bitfinex, a digital token trading platform. As mentioned in a release shared with CI, Bitfinex Derivatives has introduced a perpetual contract for Solana (SOLF0:USTF0). Solana (SOLF0:USTF0) “went live on 26/07/21 at 15:00 PM CET,”… Read More

August 2, 2021 @ 8:57 am By Omar Faridi  |  

Capital on Tap, a UK-headquartered Fintech firm, reveals that it has introduced its small business credit card in the US markets. There’s been a lot of demand for such products, the company claims. Since April 2021, there have been more than 28,000 businesses that have… Read More

August 2, 2021 @ 8:38 am By JD Alois  |  

Facevalue, a Netherlands-based factoring platform, has launched services across Europe for SMEs. Facevalue is a Dutch Fintech startup that offers working capital solutions and specializes in global accounts receivable and payable finance. Prior to the launch of its SME solution, Face value has been serving… Read More

August 2, 2021 @ 8:21 am By Omar Faridi  |  

The Big Exchange, which is an impact investing platform & a money management app, with a marketplace for fairer products coming, has secured ££283,916 of its £150,000 target from 242 investors through Crowdcube (at the time of writing). The Big Exchange team notes that they… Read More

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