Global

July 14, 2021 @ 6:54 pm By Priyanka Pani  |  

Phantom, a multi-chain crypto wallet, has raised $9 million in Series A funding led by Andreessen Horowitz  (A16z).  Variant Fund, Jump Capital, DeFi Alliance, and Solana Foundation also participated in the round along with Garry Tan, an early Coinbase investor and other angel investors from Compound, dYdX, Audius, Lolli, and Ethereum Foundation. Phantom plans to use… Read More

July 14, 2021 @ 5:23 pm By Tony Zerucha  |  

The use of alternative financing methods has grown during the pandemic and will continue to do so through at least 2023, data from BlockArabia.com suggests. Globally, alternative financing is expected to grow by 20 per cent to hit $8.9 billion in 2023. The bulk of… Read More

July 14, 2021 @ 2:36 pm By Omar Faridi  |  

Marqeta (NASDAQ: MQ), the global modern card issuing platform, and Payfare (TSX: PAY), a Fintech firm focused on offering instant payout and digital banking services for contract professionals, have formed a new partnership in order to expand the reach of Payfare’s platform to the fast-evolving… Read More

July 14, 2021 @ 1:54 pm By Tony Zerucha  |  

The Securities and Exchange Commission (SEC) has settled charges against UK company Blotics, the operator of Coinschedule.com, a site that promoted digital securities offerings. Blotics was determined to have violated the anti-touting provisions of the federal securities laws by failing to disclose the compensation it… Read More

July 14, 2021 @ 11:24 am By Omar Faridi  |  

Skrill, which is part of specialized payments firm Paysafe (NYSE: PSFE), reveals that it has  added 20 other virtual currencies to its digital wallet for its clients to purchase and sell. As mentioned in a release shared with Crowdfund Insider, the new additions bring the… Read More

July 14, 2021 @ 9:59 am By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF) has launched its next survey on the Fintech industry. According to CCAF, the research entity has kicked off the Global COVID-19 #Fintech Market and Industry Resilience Study. More recently, CCAF published its Global Alternative Finance Benchmarking Report outlining… Read More

July 14, 2021 @ 9:17 am By JD Alois  |  

Clausematch, a UK-based Regtech serving global markets, has been selected as the winner of the Innovate Finance Pitch360. Innovate Finance is a Fintech industry group that advocates on behalf of innovation in financial services. According to a note from Clausematch, over 2000 votes were tallied across… Read More

July 14, 2021 @ 9:00 am By Omar Faridi  |  

Mettalex, a decentralized cryptocurrency and traditional commodities derivatives trading platform that is powered by Fetch.ai, reveals that it has launched DEX Yield Farming for commodities, adding new markets to the decentralized finance (DeFi) ecosystem. Liquidity providers are now able to generate a “highly-competitive” yield by… Read More

July 14, 2021 @ 8:58 am By JD Alois  |  

One of the leading UK-based Fintechs LendInvest is now a publicly-traded firm. LendInvest’s shares commenced trading on the London Stock Exchange’s AIM market today in an initial public offering (IPO). Shares are trading under the ticker symbol “LINV”. As was previously reported, LendInvest will raise… Read More

July 14, 2021 @ 8:04 am By Omar Faridi  |  

Norway’s software firm Commercial Banking Applications (CBA) reveals that it has released the latest annual version of its IBAS GBF – Global Banking Factory software to all clients. Notably,  the release has come more than three months ahead of schedule, which should allow for more… Read More

July 14, 2021 @ 7:59 am By Omar Faridi  |  

UK banking-as-a-service (BaaS) provider Railsbank has secured $70 million in capital in order to promote its brand and products globally. Railsbank‘s latest investment round has been led by Anthos Capital and received contributions from Central Capital (VC division of Indonesia’s largest privately-held banking institution), Cohen… Read More

July 14, 2021 @ 3:39 am By Omar Faridi  |  

On July 9 2021, Latvian financial service firm AS DelfinGroup issued bonds through private placement in the “amount of €5 million with an annual coupon rate of 9.75%.” The nominal value of a bond is €1 000, and the “minimum subscription size was €100 000,”… Read More

July 14, 2021 @ 2:38 am By Omar Faridi  |  

Thunes, a global payments network, has teamed up with ABA Bank so that they can enable Cambodians overseas to send funds back home “quicker and cheaper from around the world.” As noted in a release shared with CI: “Previously, customers making international money transfers to… Read More

July 14, 2021 @ 1:42 am 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 (July 12) that for the week ending July 12,… Read More

July 14, 2021 @ 12:31 am By Tony Zerucha  |  

Following a brief pandemic-induced decline, Israel’s card payment market is set to resume its growth trajectory, a new report from GlobalData finds. Israel’s government actively promotes electronic payments through legislation such as a cap on cash transactions and reduced interchange fees. “Robust e-commerce growth, and… Read More

July 13, 2021 @ 11:22 pm By Tony Zerucha  |  

Strong growth in the global peer-to-peer (P2P) money transfer market is among the findings included in a new report from Research and Markets. The mobile P2P global money transfer market is expected to grow at a CAGR in excess of 18 per cent between now… Read More

July 13, 2021 @ 10:26 pm By Tony Zerucha  |  

The COVID-19 pandemic helped drive further growth in India’s e-commerce sector, new research from GlobalData shows. According to the firm’s E-Commerce Analytics, e-commerce payments in the country grew by 12.2 percent in 2020 and should reach $61.5 billion this year. Between now and 2025 sales… Read More

July 13, 2021 @ 10:21 pm By Tony Zerucha  |  

Brexit has done little to shift UK consumer spending back home, the latest two chapters of emerchantpay’s New World, One Market Report shows. The study, which surveyed more than 2,000 British consumers, analyzes consumer behavior as some societies begin their emergence from the pandemic. When… Read More

July 13, 2021 @ 6:58 pm By Omar Faridi  |  

Gary Rohloff, Co-Founder and Managing Director at New Zealand’s Laybuy, a Buy Now, Pay Later or BNPL Fintech, notes that last week, they released their FY21 annual report – which is the first since listing on the Australia Stock Exchange (ASX) in 2020. Gary writes… Read More

July 13, 2021 @ 4:29 pm By Omar Faridi  |  

The research analysts at BitOoda have published their Weekly Hash report, dated July 12, 2021. The report reveals that cryptocurrency miner economics have improved despite the range-bound Bitcoin (BTC) price. The BitOoda team writes in a blog post that China’s Bitcoin mining ban “continues to… Read More