Global

June 10, 2021 @ 2:28 pm By JD Alois  |  

British Patient Capital has committed $75 Million to Balderton Capital Growth I, as the $680 million fund closes today. This new venture growth fund, which is sector agnostic, is said to be one of the largest in the UK and Europe, will seek to support… Read More

June 10, 2021 @ 1:54 pm By JD Alois  |  

Ledger, a popular seller of wallets for digital assets, has raised $380 million in a Series C funding round. The funding was led by 10T, alongside other investors from our Series B round such as Cathay Innovation, Draper Associates, Draper Dragon, Draper Esprit, DCG, and… Read More

June 10, 2021 @ 1:35 pm By Omar Faridi  |  

UK-based Collegia, the first combined Auto-Enrolment (workplace pension) and Personal Pensions provider, has secured £500,000 in capital ahead of its upcoming launch. Collegia‘s management noted that they’ll use the proceeds to support their planned UK launch this month and will also use the funds for… Read More

June 10, 2021 @ 12:33 pm By Omar Faridi  |  

roThe team at Nordigen notes that it’s just been half a year since they announced Europe’s first “free” Open Banking API, however, they’ve already managed to introduce 1,000 bank integrations and acquire an additional €2.1 million. The Latvia-based Nordigen team writes in a blog post… Read More

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

Consultant group Kearney is out with a warning for retail banks that costs must be reduced or profitability in the coming years may evaporate. According to a study by the firm, retail banks must reduce costs by €35-€45 billion (£25-£32 billion) within the next 3… Read More

June 10, 2021 @ 9:19 am By JD Alois  |  

OurCrowd portfolio company MigVax Ltd., a startup developing an oral subunit vaccine against COVID-19, has announced promising results from preclinical tests that demonstrated the effectiveness of its MigVax-101 booster for previously vaccinated persons. According to a note distributed by the company, tests carried out on… Read More

June 10, 2021 @ 8:40 am By JD Alois  |  

LendInvest, a property finance platform, has appointed digital-first law firm, Juno, to its legal panel for its Buy-to-Let product. According to a note from the company, Juno specializes in property conveyancing, and is well-positioned to partner with LendInvest. Juno will now instruct alongside four existing… Read More

June 10, 2021 @ 7:10 am By JD Alois  |  

Last year, the European Union agreed upon pan-European crowdfunding rules designed to harmonize the environment for online securities offerings across all member states. Currently, each member state handles online capital formation in a different manner, regulated by national authorities thus undermining the potential for cross-border… Read More

June 10, 2021 @ 6:59 am By Omar Faridi  |  

Worldline (Euronext: WLN), the European leader in payments and transactional services firm, has teamed up with Microsoft (NASDAQ: MSFT) in order to integrate Dynamics 365 Fraud Protection into Worldline’s digital commerce payments solution. Online fraud has increased considerably during the COVID-19 crisis and resulting economic… Read More

June 9, 2021 @ 10:07 pm By Omar Faridi  |  

US-based Broadridge Financial Solutions (NYSE: BR), a tech solutions provider, revealed on Wednesday (June 9, 2021) that it has teamed up with Amazon Web Services (AWS) in order to expand its Private Market Hub platform. The Private Market Hub will leverage distributed ledger technology (DLT)… Read More

June 9, 2021 @ 9:50 pm By Omar Faridi  |  

During 2020, crypto-asset hedge funds almost doubled to reach an all-time record as the nascent industry continued to deliver a solid overall performance. As part of the recent Bitcoin (BTC), Ethereum (ETH), and wider digital currency market bull run, total assets under management (AUM) of… Read More

June 9, 2021 @ 4:59 pm By Omar Faridi  |  

Brazil-based banking challenger Nubank recently revealed that it has secured a total of $750 million in capital as part of two extensions of its latest Series G round. The Fintech firm reports raising $1.15 billion in total. During Nubank‘s first extension, the banking challenger acquired… Read More

June 9, 2021 @ 3:47 pm By Omar Faridi  |  

Canada’s Trulioo, a global identity and business verification solution provider, recently revealed that it has finalized a $394 million Series D round at a $1.75 billion valuation. Trulioo‘s latest investment round was led by TCV, an established growth equity company, along with contributions from existing… Read More

June 9, 2021 @ 3:35 pm By Tony Zerucha  |  

No one should be shocked Bitcoin’s price fell after the United States recovered most of the cryptocurrency used to pay the Colonial Pipeline hackers, an analyst with GlobalData said this week. Given cryptocurrency’s libertarian roots, the fact a government could track and seize money designed… Read More

June 9, 2021 @ 11:20 am By Omar Faridi  |  

During the past year, Latvia and Israel have experienced a significant surge in Fintech interest, according to a recent analysis published by the Fintech News Network. Google Trends data for the period between April 2020 and April 2021 reveals that online search queries for Fintech… Read More

June 9, 2021 @ 10:54 am By Priyanka Pani  |  

The Bank of England (BoE) has long indicated it is interested in new forms of digital currencies such as Stablecoins and central bank digital currencies. In the past, the Bank has wondered about the impact to monetary policy and possible risk regarding the issuance of… Read More

June 9, 2021 @ 8:46 am By Omar Faridi  |  

European peer-to-peer lender Bondora notes that 2021 is “proving to be a year of continuous, sustainable growth” for the company. As mentioned in an update from Bondora, dated June 8, 2021, investments and loan originations kept building on the steady momentum they’ve seen since the… Read More

June 9, 2021 @ 8:28 am By Omar Faridi  |  

Germany-based Scalable Capital, a neo-broker and digital wealth management firm, has reportedly secured over $180 million (appr. €150 million) through a Series E round that was led by Chinese tech giant Tencent. Scalable Capital‘s latest investment round included contributions from existing shareholders. The company has… Read More

June 9, 2021 @ 8:23 am By Omar Faridi  |  

Nate Maddrey and the Coin Metrics research team noted that during the past month, Ethereum (ETH) trading volumes have been catching up with Bitcoin (BTC) volume on Binance, the world’s largest crypto exchange. Although Bitcoin led by a significantly large margin at the start of… Read More

June 8, 2021 @ 11:48 pm By Priyanka Pani  |  

Lithuania’s central bank has revoked the license of UAB Finolita Unio, a local Fintech, on charges of violating anti-money-laundering and counter-terrorist financing rules. Finolita had received a license in 2019 from the Lithuanian central bank to execute “payment transactions” and issue, distribute and redeem electronic… Read More