Global

May 20, 2021 @ 7:36 am By Omar Faridi  |  

New Zealand’s Buy Now, Pay Later (BNPL) Fintech Laybuy has acquired A$35m in capital in order to expand business operations into the UK markets. Laybuy‘s latest investment round has come as part of a private placement and will be used to make additional investments into… Read More

May 20, 2021 @ 2:12 am By Omar Faridi  |  

Informed.IQ, a tech firm helping financial institutions with instantly and accurately verifying income, assets, residence, and other loan origination data and documents, has reportedly acquired $20 million through a Series A round. The fund raised from the investment round should help Informed.IQ to better address… Read More

May 20, 2021 @ 2:11 am By Omar Faridi  |  

Rabobank, a Dutch multinational banking and financial services group, has reportedly decided to spin off its TreasurUp initiative via a Series A round with assistance from Australia’s cross-border payments Fintech OFX. Rabobank will still be a shareholder in TreasurUp, while management and TreasurUp’s engineering partner… Read More

May 20, 2021 @ 1:07 am By Omar Faridi  |  

DailyPay, the provider of on-demand pay solutions for enterprises, has acquired $500 million in capital. DailyPay has completed a $175 million Series D equity round that was led by Carrick Capital Partners along with contributions from existing investors. DailyPay has also secured $325 million of… Read More

May 20, 2021 @ 12:27 am By Omar Faridi  |  

SafetyPay, a digital alternative payments platform offering solutions across Latin America (LatAm) and European markets, has announced the implementation of PIX as a payment method in Brazil, in order to support instant payments with QR codes. SafetyPay aims to facilitate the transfer of funds and… Read More

May 19, 2021 @ 11:47 pm By Omar Faridi  |  

CITCON, the payment gateway provider that offers in-store, online, and mobile payment solutions to over 6,000 brands across the globe, has partnered with Flexa, the “pure-digital” payments network, in order to enable merchants with accepting cryptocurrencies as a payment option. Merchants connected to Citcon will… Read More

May 19, 2021 @ 11:17 pm By JD Alois  |  

The Financial Ombudsman Service (FOS) in the UK has long intermediated disagreements within the financial services sector including investment crowdfunding. A recent decision by the FOS has caused some concern amongst industry insiders as it may challenge the entire crowdfunding model based on the liability… Read More

May 19, 2021 @ 10:56 pm By Omar Faridi  |  

Ledger, a provider of security and infrastructure solutions for digital assets, has hired Iqbal V. Gandham, and Charles Hamel. As mentioned in a release shared with CI, the new hires have joined Ledger from eToro and Opera. They’ll be serving as executive leads at Ledger… Read More

May 19, 2021 @ 2:02 pm By JD Alois  |  

Sweden-based Insurtech Hedvig has announced an expansion across Europe starting with Denmark. Hedvig reports that hundreds of Danes have signed onto Hedvig’s waiting list for a new type of home insurance. The digital-first insurance platform claims that it can manage claims in about eight minutes…. Read More

May 19, 2021 @ 12:38 pm By Omar Faridi  |  

Vise, an AI-enhanced investment management platform, has secured $65 million in capital through a Series C round that was led by Ribbit Capital and also saw participation from  Sequoia Capital. Established in 2016, Vise leverages artificial intelligence to assist financial advisors in preparing highly personalized… Read More

May 19, 2021 @ 9:03 am By JD Alois  |  

WiseAlpha, a corporate bond trading platform providing access to smaller investors, says it has added green bonds to its marketplace for the first time. The initial bonds are from AMP Clean Energy and Canary Wharf Group. The company said its decision to list green bonds… Read More

May 19, 2021 @ 8:52 am By JD Alois  |  

Pento, a Copenhagen-based payroll automation platform for startups, has raised $15.6 million in Series A funding led by General Catalyst. Other investors included Avid Ventures and UK’s LocalGlobe. Existing investors Point Nine Capital, Moonfire Ventures, Hustle Fund, and Seedcamp also took part, alongside strategic angels… Read More

May 19, 2021 @ 8:43 am By JD Alois  |  

The Bolsa y Mercados Espanoles (BME), the Spanish stock exchange, has partnered with Switzerland-based Fintech accelerator F10 on a program to boost Wealthtech and Regtech startups. F10 is a global innovation ecosystem with offices in Zurich, Singapore, Madrid, and Barcelona. Its incubators and accelerators cover… Read More

May 19, 2021 @ 8:23 am By JD Alois  |  

Accelerated Payments says it is now working with banks to provide access to capital for SMEs. Accelerated Payments is an invoice financing platform, including cross-border transfers, that speeds up the payment process for a fee. The company states that a decline in bank lending has… Read More

May 19, 2021 @ 8:09 am By JD Alois  |  

Bitcoin, the world’s most popular cryptocurrency, is tanking. After hitting a an all-time high of over $64,000 earlier this year, Bitcoin is now trading around $38,000 in heavy volume. Just this past week, a top fund manager at Bank of America called going long Bitcoin… Read More

May 19, 2021 @ 7:47 am By Omar Faridi  |  

Swiss banking software firm Temenos has revealed that cross-border payments Fintech Wise (previously doing business as TransferWise) has now gone live on Temenos Marketplace. The Temenos Marketplace  reportedly includes more than 50 curated Fintech services, helping  Temenos’ customers to innovate and differentiate their product lines…. Read More

May 19, 2021 @ 7:45 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 Tuesday (May 18) that for the week ending 17 May… Read More

May 19, 2021 @ 1:47 am By Omar Faridi  |  

Australia’s commission-free brokerage app Stake has acquired $30 million in capital from Tiger Global and partners of DST Global in order to support the firm’s expansion into European markets. Stake provides retail investors with access to over 4,400 US stocks and exchange-traded-fund (ETFs), along with… Read More

May 18, 2021 @ 11:47 pm By Omar Faridi  |  

Over 25% of UK-based charities have seen their income levels decline in 2020 as the impact of the COVID-19 outbreak and related lockdown measures have negatively affected the nation’s businesses and individual consumers. Almost a third of UK organizations are now concerned regarding their future… Read More

May 18, 2021 @ 11:10 pm By Omar Faridi  |  

The team at BitOoda, a global digital asset financial technology and services platform offering risk management solutions, “best-execution” brokerage and market analysis, has published their Weekly Hash Report (dated 5/17/2021). As mentioned in BitOoda‘s report, Bitcoin (BTC) “sold off 21% to $46,023 as of 5/16… Read More