Global

June 3, 2021 @ 10:14 pm By Omar Faridi  |  

The Solverse Accelerator aims to unite leading blockchain mentors with talented entrepreneurs in order to develop “groundbreaking” Solana projects. Solana is a “high-performance” blockchain or distributed ledger tech (DLT) platform supporting builders across the globe that are creating crypto apps that “scale today.” As mentioned… Read More

June 3, 2021 @ 8:46 pm By Samantha Hurst  |  

B2B fintech-as-a-service provider Rapyd announced on Thursday its new venture arm, which will focus on investing in early and growth-stage businesses that are delivering the next wave of financial services innovation. The company reported that the arm will be led by Joel Yarbrough, MD of Rapyd… Read More

June 3, 2021 @ 7:04 pm By Omar Faridi  |  

Abra, a “fully compliant” platform for purchasing, selling, and trading more than 100 digital currencies and earning interest of “up to 10.5%” on “select digital assets,” revealed on Wednesday (June 2, 2021) that Abra Borrow, its in-app feature for using crypto “as collateral to borrow… Read More

June 3, 2021 @ 1:00 pm By JD Alois  |  

Last month it was widely reported that Binance, the largest cryptocurrency exchange in the world, was under investigation by US authorities. Both the US Department of Justice (DOJ) and the Internal Revenue Service (IRS) were said to be scrutinizing the activity of the digital marketplace…. Read More

June 3, 2021 @ 10:42 am By JD Alois  |  

Following the Abraham Accords, initiated by the Trump administration that saw the normalization of relations between the UAE and Bahrain, OurCrowd – a top global early-stage investment platform, moved quickly to announce relations with middle east gr0ups. After quietly working behind the scenes for years,… Read More

June 3, 2021 @ 10:20 am By Omar Faridi  |  

Financial technology leader FIS (NYSE:FIS) and The Venture Center have unveiled the 10 firms chosen to participate in the 2021 FIS Fintech Accelerator program. As mentioned in an update shared with CI: “In its sixth year, the FIS Fintech Accelerator program is focused on identifying… Read More

June 3, 2021 @ 8:25 am By JD Alois  |  

Dutch payments Fintech Recharge.com has expanded its services in the Middle East. Headquartered in Amsterdam, the Fintech specializes in digital gift and prepaid cards for local and global brands like Netflix, Spotify, and Xbox. Recharge is now operating in the Kingdom of Saudi Arabia and… Read More

June 3, 2021 @ 7:41 am By Omar Faridi  |  

Switzerland-based Fintech firm neon has secured 7 million CHF (appr. $7.78 million) from existing investors and has also launched a crowdfunding round for clients. The neon team notes: “Excessive fees, inflexible opening times, too much bureaucracy and complicated apps. To us, it was clear: it… Read More

June 3, 2021 @ 7:36 am By Omar Faridi  |  

Sentinels, the Dutch company behind an AI-enhanced transaction monitoring system, has secured €5.7 million through a seed funding round. As explained on the company’s website: “Sentinels optimizes your existing anti-money laundering and transaction monitoring processes at the root by generating real-time actionable client insights. Your… Read More

June 2, 2021 @ 11:27 pm By Omar Faridi  |  

Carrousel Digital, the London-headquartered financial boutique, and its partner, Paris-based Marbeuf Conseil et Recherche, the digital security developer, have introduced Moneytak, a system that supports the transfer of funds or documents between two digital objects without needing a connection to a server when the transaction… Read More

June 2, 2021 @ 11:07 pm By JD Alois  |  

LendInvest, a top property finance platform, has announced several changes to its Buy-to-Let (BTL) suite, including the launch of new pay rate products and a repricing of its standard BTL range and Small HMO’s.  According to a note from the company, LendInvest has introduced two… Read More

June 2, 2021 @ 9:52 pm By JD Alois  |  

Payments Fintech Checkout.com has announced the hire of JP Morgan cybersecurity expert Adrian Asher as Chief Information Security Officer (CISO) and head of cloud architecture, according to a note from the company. As shared by the company, Asher led global cybersecurity identity in the cloud for… Read More

June 2, 2021 @ 9:08 pm By JD Alois  |  

Volt, an Australian digital banking service, has partnered with Australian Finance Group Ltd (ASX:AFG) – a large mortgage aggregator. The partnership with Volt is a significant sign of confidence for the emerging Fintech. Simultaneously, Volt has extended its Series E funding round. According to a… Read More

June 2, 2021 @ 4:00 pm By Omar Faridi  |  

We recently caught up with Paul Barroso, Co-founder & CEO of Atani and Haydeé Barroso, Co-founder & COO at Atani. Paul and Haydeé explained how their platform allows users to access many different crypto exchanges such as Binance, Huobi, Coinbase Pro, among many others. Atani… Read More

June 2, 2021 @ 3:42 pm By Samantha Hurst  |  

    Nuvei, a global payment technology provider based in Canada, announced on Wednesday its wholly-owned FCA regulated subsidiary has secured the scheme licenses to continue acquiring and processing Mastercard and Visa payments for merchants who are based in the UK beyond the FCA Temporary… Read More

June 2, 2021 @ 2:24 pm By Omar Faridi  |  

The cryptocurrency market has really been tested during the past few weeks following “a cascade of negative news,” the Coin Metrics team notes in its latest report. The resulting crypto market price crash has also been “a big test” for stablecoins, which are becoming a… Read More

June 2, 2021 @ 10:58 am By JD Alois  |  

INX Limited has announced a partnership with GMO-Z.com Trust Company, Inc. The collaboration aims to offer the world’s first regulated stablecoin backed by the Yen or GYEN and made available to both retail and institutional customers. INX will also be integrating GMO Trust’s USD-backed stablecoin,… Read More

June 2, 2021 @ 10:36 am By JD Alois  |  

The Falkensteiner hotel group and online capital formation platform Finnest are partnering once again to raise capital for the hotel chain. Finnest, based in Austria, is a debt and equity crowdfunding platform that claims to be the largest in the Nordic region following its merger… Read More

June 2, 2021 @ 10:21 am By Omar Faridi  |  

Mark Skehill has reportedly been hired as Enterprise Sales Manager – UK and Western Europe at ECOMMPAY, a global payment service platform and also a direct bank card acquirer with its own Fintech solutions. Mark Skehill has been recruited as part of ongoing growth for… Read More

June 2, 2021 @ 7:57 am By JD Alois  |  

Revolut Business has added Clear Books accounting software integration. New subscribers to the service will receive a  discount off of the software. Revolut states that the integration is part of its Open Banking framework with the functionality embed into the application. Revolut says the booming… Read More