Global

July 1, 2021 @ 11:28 am By Tony Zerucha  |  

Latin American cryptocurrency exchange Mercado Bitcoin today completed a $200 million Series B raise from the SoftBank Latin America Fund, Mercado Bitcoin parent company 2TM Group announced. 2TM Group now has a $2.1 billion valuation. The funds are earmarked for product and technology development along with… Read More

July 1, 2021 @ 11:11 am By JD Alois  |  

Covario, a digital asset prime broker, has selected METACO to scale its digital asset custody operations according to a statement from the firm. Covario says that METACO’s Harmonize will coordinate existing vault and sub-custody solutions and provide policy management framework for Covario’s technology solutions. Covario… Read More

July 1, 2021 @ 10:08 am By JD Alois  |  

OneFor, a Germany-based Fintech that is looking to disrupt incumbents in the payments and transfer sector, has announced the launch of its “borderless” service. OneFor promises to offer customers, cheaper, faster, and safer payments and transfers across Europe. According to a release, OneFor facilitates transfers… Read More

July 1, 2021 @ 9:34 am By Omar Faridi  |  

European peer-to-peer lending platform Mintos has released its latest Risk Score updates. As noted by the Mintos team, this most recent update is based on key developments and data analyzed during Q1 2021. Mintos writes in a blog post that if you are new to… Read More

July 1, 2021 @ 8:30 am By JD Alois  |  

Lirium AG has received approval from the Financial Market Authority of Liechtenstein to provide crypto services to banks and other firms, according to a note from the company. Lirium is now certified as a CaaS (Crypto as a Service)  provider to offer the following services: Cryptocurrency… Read More

July 1, 2021 @ 8:10 am By Omar Faridi  |  

The team at Lithuania-based financing platform Debitum notes that raising funds for SMEs can be quite a challenging and stressful experience. Until only recently, the choice had been between the different types of loans provided mainly by traditional banking institutions, which involve tedious application processes… Read More

July 1, 2021 @ 7:57 am By Omar Faridi  |  

As part of its commitment to compliance, Binance, the world’s largest crypto exchange that has been under investigation by US regulators and other international authorities due to allegations of engaging in recognized markets without authorization (and also contributing to money laundering and other illicit activities),… Read More

July 1, 2021 @ 7:50 am By Omar Faridi  |  

The team at European P2P lender Bondora reports that 2021 return rates have been zooming past their targets. As noted by Bondora in a blog post dated June 28, 2021, investment returns on platform originations showed “signs of positive growth” during the month of May… Read More

June 30, 2021 @ 9:07 pm By Omar Faridi  |  

Australia-based eftpos Group has introduced its new digital identity solution that will serve as a standalone Fintech division. The new initiative, called Connect ID and created with assistance from SecureKey, is currently live, with the stated goal of making it simpler for consumers in Australia… Read More

June 30, 2021 @ 5:29 pm By Tony Zerucha  |  

The past few weeks have seen some interesting geopolitical developments in the cryptocurrency space, GlobalBlock sales trader Alexandra Clark said. Iran could be taking advantage of China’s tough stance on cryptocurrency mining, Clark suggests. They recently have granted permits to 30 crypto mining farms. Should… Read More

June 30, 2021 @ 5:19 pm By Tony Zerucha  |  

One out of every four dollars stored offshore heads to Switzerland, data from AksjeBloggen.com reveals. A total of $2.4 trillion is stored in the country, with Hong Kong in second at $2.1 trillion. Singapore sits in the third spot at $1.2 trillion. The United States,… Read More

June 30, 2021 @ 5:14 pm By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF) has just released its most recent report providing data on the global alternative finance industry. According to the 2nd Global Alternative Finance Benchmarking Report, this sector of Fintech has grown dramatically – with a caveat: you must exclude… Read More

June 30, 2021 @ 1:18 pm By Omar Faridi  |  

James Butterfill, Investment Strategist at London-based CoinShares, a digital asset manager focused on expanding access to the cryptocurrency ecosystem while serving as a “trusted partner” for its clients, notes in a blog post published on Monday (June 28) that for the week ending June 28,… Read More

June 30, 2021 @ 11:42 am By Omar Faridi  |  

Nate Maddrey and the Coin Metrics research team notes in their latest State of the Network report that the cryptocurrency markets plummeted again this last week after more news surfaced about stricter Chinese regulation, including the People’s Bank of China (PBoC) instructing the nation’s financial… Read More

June 30, 2021 @ 11:10 am By Omar Faridi  |  

Tomato Pay, a newly-launched QR-code payment and invoicing app, is currently available for use in the United Kingdom. The Fintech app is intended for small businesses and sole traders. As noted by the firm’s management: “Tomato Pay is a simple, QR-code based payments and invoice… Read More

June 30, 2021 @ 10:35 am By JD Alois  |  

Leading property finance platform LendInvest is expected list shares at a £300 million valuation in an initial public offering (IPO) in the coming days. LendInvest is a profitable Fintech that has engendered a solid niche in providing short-term financing for UK property. There have been… Read More

June 30, 2021 @ 9:31 am By JD Alois  |  

Deutsche Börse Group has acquired majority ownership in Crypto Finance AG. In a public statement, Deutsche Börse said this builds upon its ability to support digital assets by providing a direct point to invest in crypto as well as providing custody. Deutsche Börse said it paid… Read More

June 30, 2021 @ 8:13 am By JD Alois  |  

hyperexponential (hx), a UK-based Insurtech, has raised $18 million in a funding round led by Highland Europe, according to a note from the company. hx states that it is already profitable and the funding will help boost growth and build out its software for the… Read More

June 30, 2021 @ 7:55 am By Omar Faridi  |  

China’s Bitcoin mining ban has been moving forward in an aggressive manner, which has led to a rapid decline in hashrate or the amount of computing power required to secure the BTC network. The team at BitOoda notes in a blog post, dated June 29,… Read More

June 30, 2021 @ 7:34 am By Omar Faridi  |  

The team at UK-based Blend Network, a peer-to-peer lending platform, notes that recent market developments in the United Kingdom have seen investors preparing for expected growth and may also want to watch out for inflation. As mentioned by Blend Network, headlines and concerns regarding inflation… Read More