Global

July 7, 2021 @ 6:26 pm By Tony Zerucha  |  

Some old favorites top the list of the most attractive countries to invest in post-COVID-19, the 2021 Venture Capital and Private Equity Country Attractiveness Index reveal.  The USA takes the top spot, with the United Kingdom, Japan, Germany, and Canada rounding out the top five…. Read More

July 7, 2021 @ 5:18 pm By Omar Faridi  |  

The Bank for International Settlements (BIS), a global financial institution that’s owned by reserve banks and aims to “foster international monetary and financial cooperation and serves as a bank for central banks,” notes that advancements in technology, along with rising demand for digital payment methods… Read More

July 7, 2021 @ 11:26 am By Omar Faridi  |  

The team at IOST recently released their Ecosystem Growth Report for H1 2021. As mentioned in an update, dated July 6, 2021, by the IOST team: “Amid the spike in interest, IOST continues to witness important partnerships and asserting our position as a leader in… Read More

July 7, 2021 @ 10:35 am By JD Alois  |  

Wise (formerly dba Transferwise) has successfully completed a direct listing on the London Stock Exchange (LSE) on its Main Market. The accomplishment is another milestone mark for the global Fintech that has transformed the industry of moving money around the world. The listing on the… Read More

July 7, 2021 @ 9:33 am By JD Alois  |  

Splitit (ASX:SPT), has announced a buy now, pay later (BNPL) service that is available at retail locations around the world. “Splitit InStore” also features Apple Pay as well as Google Pay to facilitate credit. Splitit also announced several new brands that have signed on to… Read More

July 7, 2021 @ 9:00 am By Tony Zerucha  |  

P2P university recruitment platform Unibuddy has raised $20 million in financing in a Series B round led by Highland Europe and also featuring Stride.VC. Since its 2017 debut, Unibuddy has raised $32 million in total. More than 200 universities around the world have signed on… Read More

July 7, 2021 @ 8:35 am By JD Alois  |  

Entercard, a Nordic credit firm operating in Norway, Sweden and Denmark, is partnering with European open banking company Nordigen to improve their credit assessment and scoring models. The partnership is described as significantly increasing the accuracy of the existing credit scoring models by adding new… Read More

July 7, 2021 @ 7:58 am By Omar Faridi  |  

UK-based Creditspring, the Financial Conduct Authority-regulated consumer credit solution provider, now claims around 50,000 members since it launched operations back in 2016. This is a key milestone for Creditspring, a company that aims to improve the financial wellbeing of 100,000 members by the end of… Read More

July 7, 2021 @ 7:53 am By Omar Faridi  |  

UK-based Atom Bank, which claims to be the very first app-based bank, reports that it has surpassed £3 billion in residential mortgage completions. The Fintech has also reached £1 billion in total deposits into its Instant Saver accounts. Since launching operations in November 2016, Atom… Read More

July 7, 2021 @ 7:45 am By Omar Faridi  |  

Fintech firms are having a banner year 2021. During Q1 2021, venture capital-backed Fintechs secured $22.8 billion, which notably makes it the largest-ever funding quarter for Fintech companies since 2018, according to data from CB Insights. Fintech funding growth has been taking place across the… Read More

July 7, 2021 @ 1:20 am By Omar Faridi  |  

Cirralto Limited (ASX: CRO) has committed to a binding share sale agreement in order to acquire Sydney-headquartered Fintech firm, Invigo Pty Ltd. with a completion date of July 12, 2021. The deal is currently subject to the fulfillment of conditions precedent under the SSA. The… Read More

July 7, 2021 @ 12:22 am By Omar Faridi  |  

The New Payments Architecture (NPA) will aim to offer various benefits for businesses and personal clients residing in the United Kingdom, which may assist with improving the way they control their professional and personal transactions while creating more innovation opportunities. The adoption of the ISO… Read More

July 6, 2021 @ 11:45 pm By Omar Faridi  |  

As the Bitcoin hashrate (the amount of computing power securing the world’s largest cryptocurrency network) experiences its worst drop ever, the newly established Bitcoin Mining Council has revealed that global Bitcoin mining is now mainly being powered by “sustainable energy.” The report from the Mining… Read More

July 6, 2021 @ 11:12 pm By Tony Zerucha  |  

A new German law could affect Bitcoin’s price for the better, GlobalBlock sales trader Alexandra Clark believes. German special funds may now invest up to 20 per cent of their funds in cryptocurrencies. If everyone does that, it represents a $415 billion inflow, Clark estimated…. Read More

July 6, 2021 @ 10:26 pm By Omar Faridi  |  

In the fast-evolving world of cryptocurrencies like Bitcoin and Ethereum, The Pavilions Hotels & Resorts announces that it aims to improve its guest experiences by becoming the first international boutique hotel group to take virtual currency from any country as payment for hotel bookings. The… Read More

July 6, 2021 @ 7:29 pm By Tony Zerucha  |  

Israel’s thriving high-tech ecosystem needs a recalibration if it is to continue as a global hotspot, OurCrowd CEO Jon Medved said in an article published on LinkedIn today. At first glance, things look good given the record $10.5 billion in investment the sector attracted in… Read More

July 6, 2021 @ 5:17 pm By Tony Zerucha  |  

Tokenization platform Single.Earth today confirmed a $7.9 million seed funding round led by EQT Ventures, with participation from existing investor Icebreaker and Ragnar Sass and Martin Henk, founders of Pipedrive. The funding is earmarked for hiring and launching its marketplace for nature-backed MERIT tokens. Single.Earth is… Read More

July 6, 2021 @ 4:45 pm By Omar Faridi  |  

Booking.com reveals that it has formed a new internal Fintech division in order to support access to the firm’s global travel marketplace for clients and partners. As an international digital commerce firm with business operations in almost every country and city, Booking.com’s goal behind creating… Read More

July 6, 2021 @ 4:25 pm By Omar Faridi  |  

Dozens, an established financial institution, is set to offer digital receipts with item-level data to clients via their banking apps. Customers that have activated Flux should get an automatic digital receipt in their transaction feed each time they make a purchase at a participating retail… Read More

July 6, 2021 @ 3:10 pm By Tony Zerucha  |  

Ethereum (ETH) could be a good buy at current prices for several reasons, PrimeXBT market analyst Kim Chua believes. With decentralized finance (DeFi) only to grow in popularity, it provides good support for ETH, given that 90 per cent of demand is from DeFi, Chua… Read More