Global

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

May 18, 2021 @ 10:17 pm By Omar Faridi  |  

UK-based consumer group Which? has asked local banking institutions and building societies to release figures on the number or percentage of clients they refund for authorized push payment (APP) fraud. APP scams have been increasing during the Coronavirus crisis, with losses reaching almost half a… Read More

May 18, 2021 @ 9:37 pm By Omar Faridi  |  

SmartSearch, an anti-money laundering (AML) solution provider, has reportedly entered the non-regulated market with the launch of a product that’s a part of its business growth strategy. The Ilkley, West Yorkshire-based Regtech firm reports that it recorded its most successful year to date in 2020…. Read More

May 18, 2021 @ 9:03 pm By JD Alois  |  

Prospa Group Limited (ASX: PGL ) has topped $2 billion in lending to SMEs in Australia and New Zealand. In a public statement, Prospa said the milestone arrived after a solid increase in loan originations due to pent-up demand from small businesses. For the month… Read More

May 18, 2021 @ 8:09 pm By Omar Faridi  |  

Buy Now, Pay Later (BNPL) services are becoming increasingly popular across the globe. The BNPL market is valued at around £2.7 billion in the United Kingdom. Although postponing payments might appear to be useful for security and in many instances provides other benefits depending on… Read More

May 18, 2021 @ 2:29 pm By Omar Faridi  |  

Nate Maddrey and the Coin Metrics team have noted in their latest State of the Network Report that after Elon Musk helped drive the Bitcoin (BTC) price to around $60,000 (three months back), he’s now managed to send the volatile digital currency markets in the opposite… Read More

May 18, 2021 @ 12:00 pm By Omar Faridi  |  

James Wang, an experienced crypto analyst who says that Ethereum (ETH) could be the “last investment of your life,” points out that the world’s largest smart contract platform isn’t merely a cryptocurrency. Wang explains that Ethereum is a complete software platform with a rapidly increasing… Read More

May 18, 2021 @ 9:35 am By JD Alois  |  

Judith Hartley, CEO of British Patient Capital – a subsidiary of the British Business Bank, has commented on the lack of UK institutional capital going into venture capital. British Patient Capital manages a £2.5 billion investment program that seeks to facilitate £5 billion of institutional… Read More

May 18, 2021 @ 7:57 am By Samantha Hurst  |  

    Global fintech infrastructure platform, Nium, announced on Monday the launch of its maritime payments solution. According to Nium, the solution was created to digitize the payments experience for shipping companies, their management, seafarers, and their families.  “The Nium maritime payment solution leverages the company’s… Read More

May 18, 2021 @ 7:37 am By Omar Faridi  |  

Legal technology (Legaltech) company Exizent has teamed up with Experian in order to automate the asset discovery process that’s involved in probate. Through their partnership, Exizent and Experian aim to pave the way for future institution connectivity, with the goal of making routine processes a… Read More