Global

March 5, 2021 @ 11:33 am By JD Alois  |  

Piemonte Holding has launched a bond trading platform using blockchain technology. The new marketplace is said to be the first of its kind in Latin America. The platform is designed to enable Piemonte’s investors to trade R$150 million in debentures all using the Ethereum blockchain…. Read More

March 5, 2021 @ 10:42 am By JD Alois  |  

Mansa, a micro-lender based in France that targets the self-employed or gig-economy workers, has raised €6 million in equity in a Series A Funding The round brings its 12-month funding total to €20 million.  €12 million of the funding is reported to be for lending…. Read More

March 5, 2021 @ 7:58 am By Omar Faridi  |  

Mexico’s salary advance startup Minu has secured $14 million in capital through a Series A funding round. Minu’s investment round was led by FinTech Collective along with contributions from VEF, XYZ Ventures, and FJ Labs. DocuSign founder Tom Gonser and Gusto CFO Mike Dinsdale took… Read More

March 4, 2021 @ 11:55 pm By Omar Faridi  |  

Prominent digital bank Revolut is offering the opportunity to get a 1-month trial of the Revolut for Company Grow plan or Revolut for Freelancer Pro plan for free. To take advantage of this offer, users need to upgrade their plan to Company Grow or Freelancer… Read More

March 4, 2021 @ 9:31 pm By JD Alois  |  

Berlin-based Monite has raised €1.1 million in pre-seed funding in advance of the launch of a finance management platform. Investors in the round include Tomahawk VC, signals Venture Capital, InVentures, and Runa Capital. Ex-Deutsche Bank board Ralph Müller, Postbank Board Member Lars Stoy, ex-Global Head… Read More

March 4, 2021 @ 9:19 pm By JD Alois  |  

Hedera Hashgraph, an enterprise-focused blockchain ecosystem, has announced that Électricité de France S.A. (EDF) has joined the Hedera Governing Council. EDF is a top global utility company with customers around the world. EDF is the 19th Council member, joining a growing network global enterprises and… Read More

March 4, 2021 @ 7:18 pm By Omar Faridi  |  

We recently connected with Pankaj Balani, Co-founder and CEO at Delta Exchange, an established digital assets derivatives trading platform. Delta Exchange offers cryptocurrency futures and derivatives trading across Bitcoin and major altcoins with up to 100x leverage. As previously reported, the company aims to support… Read More

March 4, 2021 @ 3:35 pm By JD Alois  |  

Alchemy, a back-end Fintech that provides SaaS banking services, has expanded into Latin America in a new partnership with the launch of decisioning services with Mexico-based Buy Now Pay Later (BNPL) lender, Círculo de Crédito, according to a note from the company. Alchemy says that… Read More

March 4, 2021 @ 3:22 pm By Omar Faridi  |  

AllianceBlock has partnered with DIA (Decentralized Information Asset), the open-source financial information platform that “sources and validates data” for market participants including DeFi platforms and also traditional institutions. According to AllianceBlock, the partnership will see DIA integrate “several elements” of AllianceBlock’s protocol, which has been… Read More

March 4, 2021 @ 10:29 am By Omar Faridi  |  

Monzo, a UK based digital bank that recently raised £50 million as part of a Series G extension,  recently explained that it basically offers a mobile banking platform that “puts you in control of your money.” While clarifying whether Monzo is, by definition or legally… Read More

March 4, 2021 @ 8:38 am By Omar Faridi  |  

Arthur Hayes, the former CEO of digital currency derivatives exchange BitMEX, is reportedly holding discussions which would involve his surrender to US authorities as early as next month (April 2021). As reported in October of last year, Hayes and several other senior managers at the… Read More

March 4, 2021 @ 8:29 am By JD Alois  |  

Digital bank Revolut is expanding its banking services in 10 new European markets. According to a release, customers in the following countries may now utilize the Revolut banking app: Bulgaria, Croatia, Cyprus, Estonia, Greece, Latvia, Malta, Romania, Slovakia and Slovenia. Revolut, which currently claims over… Read More

March 4, 2021 @ 7:55 am By Omar Faridi  |  

The United Kingdom might reportedly consider making several key changes to London’s current listing rules post-Brexit. The country aims to remove a barrier that has prevented special purpose acquisition companies (SPACs) from choosing the European nation. The updates are meant to attract technology-focused public offerings…. Read More

March 3, 2021 @ 11:55 pm By Omar Faridi  |  

In early 2020, Opportunity Financial began evaluating whether it should go public. The online lending platform was interested in shifting focus away from the installment loan business to various other financial products (in order to improve its company profile). Jared Kaplan, CEO of the Chicago-based… Read More

March 3, 2021 @ 11:26 pm By JD Alois  |  

The British Business Bank has distributed a response following the Budget presentation by the Chancellor of the Exchequer Rishi Sunik. The Bank has been a key factor in supporting UK businesses as it has managed a series of programs designed to backstop the economy. Within… Read More

March 3, 2021 @ 10:45 pm By Omar Faridi  |  

BlackRock (NYSE:BLK), the world’s largest asset manager, notes that last year they wrote to their clients and informed them that the company was making sustainability its “new standard” for investing. BlackRock confirmed that they had outlined how they were making sustainability “integral” to how they… Read More

March 3, 2021 @ 9:56 pm By Omar Faridi  |  

Lemonade (NYSE:LMND), a fast-growing Insurtech that emerged as one of the most successful initial public offerings of 2020 (and recently launched life insurance), has released its Q4 2020 and full year 2020 financial results. In its Letter to Shareholders, which is posted to Lemonade’s Investor… Read More

March 3, 2021 @ 9:54 pm By Omar Faridi  |  

Forward Financing, a Fintech firm that aims to offer “flexible” and revenue-based financing to SMBs, revealed recently that it has provided $1 billion in funding since its inception back in 2012. According to Forward Financing, the majority of this funding has been allocated towards  “underserved”… Read More

March 3, 2021 @ 2:43 pm By JD Alois  |  

Earlier today, Chancellor of the Exchequer Rishi Sunak presented the budget for 2021. Obviously, the government policy on spending comes at a difficult time as COVID-19 is still very much with us yet glimmers of relief are showing as the vaccine takes hold. The Chancellor… Read More

March 3, 2021 @ 9:03 am By Omar Faridi  |  

Peer to peer business lender ArchOver notes that it’s “wonderfully ironic” when Michael Burry, who had been played by actor Christian Bale in the Big Short, tells us that the GameStop antics are “unnatural, insane and dangerous.” Bale also noted that there must be “legal… Read More