Global

July 16, 2021 @ 8:45 am By Omar Faridi  |  

iPipeline, a provider of low code / no code content-enabled digital solutions and services to the financial services sector, has entered iinto a partnership with OneFamily, which is one of United Kingdom’s largest financial mutual societies. iPipeline’s SSG Digital platform will be replacing OneFamily’s savings,… Read More

July 16, 2021 @ 8:06 am By Omar Faridi  |  

Spendwisor, a US-headquartered mobile payment app with business offices and service locations in Qatar and the United Kingdom, has confirmed a QAR 190 million ($50 million) investment commitment from GEM Global Yield, a $3.4 billion Luxembourg-headquartered private alternative investment group. The company plans to use… Read More

July 15, 2021 @ 6:46 pm By Omar Faridi  |  

Polygon has partnered with Community Gaming in order to enable scalable E-sports tournaments. Built for grassroots tournament organizers, Community Gaming’s platform has been designed to  make it easier to develop custom e-sports tournaments within minutes with preconfigured payments. As noted in a release shared with… Read More

July 15, 2021 @ 5:42 pm By Omar Faridi  |  

Exactpro, an independent provider of software testing solutions for “mission-critical” financial technology, will establish new subsidiaries in Lithuania as well as Sri Lanka. Alexey Zverev, Co-CEO and Co-founder at Exactpro, notes that it’s been a great honor for the company to serve its customers globally… Read More

July 15, 2021 @ 3:06 pm By Tony Zerucha  |  

The recently completed second quarter was a busy one for QED Investors, co-founder and managing partner Nigel Morris said in a recent investor update. So far this year QED has invested in 14 companies, Morris said, while describing the pace of deal-making as “frenetic”. Seven… Read More

July 15, 2021 @ 11:29 am By Omar Faridi  |  

Temenos (SIX: TEMN), the banking software firm, brings to market the next-gen in virtual banking with Temenos Infinity Micro Apps. Temenos Infinity Micro Apps are now able to provide packaged business capabilities (PBC), for banking platforms to quickly develop customized digital customer experiences by adding… Read More

July 15, 2021 @ 11:27 am By Omar Faridi  |  

Crypto financial services firm Matrixport reports that it has adopted Elliptic Lens in order to screen virtual currency wallets and offer a safer financial environment for their clients. As noted in a blog post by Elliptic, Matrixport aims to serve as a one-stop cryptocurrency financial… Read More

July 15, 2021 @ 11:08 am By JD Alois  |  

The United Kingdom has long been a top global Fintech hub – a title it is keen to maintain. The combination of a pretty supportive policy environment, a market economy, and a risk-taking entrepreneurial class, has fueled a Fintech boom. More recently, Brexit has challenged… Read More

July 15, 2021 @ 10:42 am By JD Alois  |  

The Dutch Alternative Credit Instrument (DACI) is poised to provide access to capital for SMEs in the Netherlands. According to a post by the European Investment Fund (EIF), DACI is being launched by the Dutch National Promotional Bank Invest-NL and the Ministry of Economic Affairs… Read More

July 15, 2021 @ 10:30 am By Omar Faridi  |  

Ledgermatic, the treasury, finance and custody solution, reveals that it’s now live and “compatible for the Algorand ecosystem.” Businesses that use the Algorand network, hold Algo’s and use native ASA tokens are able to “leverage Ledgermatic as their custodian and back-office finance solution with a… Read More

July 15, 2021 @ 9:46 am By JD Alois  |  

Once again, leading Fintech investment bank FT Partners has played a key role in an outsized funding round in the Revolut transaction. As was reported earlier today, Revolut raised $800 million at a whopping $33 billion valuation. The funding was led by SoftBank – Tiger… Read More

July 15, 2021 @ 9:23 am By Omar Faridi  |  

CertiK reports that it has finalized a Series B funding round, raising more than $37 million in capital. The CertiK Family of investors continues to grow with backing from Coatue Management, Shunwei Capital, and Coinbase Ventures. As mentioned in an update shared with CI: “We… Read More

July 15, 2021 @ 9:18 am By JD Alois  |  

Eurora Solutions, an Estonian firm that offers an AI/ML service for cross-border transactions, has raised a $3 million seed round, according to a note from the firm. The seed round was led by Change Ventures which was joined by angels including the founders of Printify,… Read More

July 15, 2021 @ 8:33 am By Omar Faridi  |  

Boubyan Bank has introduced a mobile-only, Sharia-compliant banking solution in the United Kingdom. The platform will aim to address the requirements of individuals residing in the Middle East who may have international banking needs. As noted in the announcement, Nomo will be providing a new… Read More

July 15, 2021 @ 8:01 am By Omar Faridi  |  

Brian Barnes, the Founder and CEO at M1 Finance, notes that he’s pleased to confirm the company’s $150 million Series E round, led by Softbank’s Vision Fund 2 along with participation from existing investors. M1 Finance‘s latest investment round brings the company’s valuation to $1.45… Read More

July 15, 2021 @ 8:00 am By Tony Zerucha  |  

Data released this week by TradingPlatforms.com shows the growing influence of digital commerce in Europe. The research authors defined digital commerce as all consumer transactions made via the Internet directly relating to online shopping for products and services, with payments made through providers like PayPal… Read More

July 15, 2021 @ 7:54 am By Omar Faridi  |  

Prominent digital bank Revolut has finalized a massive $800 million round that now values the loss-making Fintech at $33 billion. Revolut‘s latest investment round brings on board two key investors, the SoftBank Vision Fund 2 and Tiger Global Management. The capital injection will be channeled… Read More

July 15, 2021 @ 1:00 am By Tony Zerucha  |  

One in nine adults in the United Kingdom could make their first cryptocurrency purchase over the next year, data from UK money app Ziglu suggests. Should they all take the plunge that would mean 21 percent of UK adults would own some digital currency. Of… Read More

July 14, 2021 @ 8:49 pm By Tony Zerucha  |  

Multi-chain DeFi products ecosystem Persistence today launched the mainnet for pSTAKE, its liquid staking solution. In the first phase Cosmos will be supported with such networks as Solana, Polkadot and Ethereum being added later on. pSTAKE is designed to unlock the liquidity of staked assets…. Read More

July 14, 2021 @ 7:58 pm By Tony Zerucha  |  

Banks still have a long way to go in the quest to automate identity verification, research from biometric authentication services provider iProov shows. Research conducted with 20 or the largest retail US banks revealed overly complicated online onboarding processes which failed to capitalize on opportunities… Read More