Global

January 24, 2021 @ 9:41 am By Omar Faridi  |  

Digital currency exchange Coinbase has reportedly managed to grow its total assets to $90 billion. Meanwhile, Coinbase Custody AUC represented over half or 50% of this total. San Francisco-based Coinbase now claims more than 43 million verified users. The exchange reportedly executed single trades surpassing… Read More

January 24, 2021 @ 9:38 am By Xu Gao  |  

Meituan to Close its Mutual Aid Platform On January 15th, China’s leading on-demand food delivery platform Meituan announced that it would close its mutual aid platform at the end of this month. Meituan launched this program in June 2019, providing a basic health plan covering… Read More

January 23, 2021 @ 9:33 pm By Omar Faridi  |  

We’re experiencing more changes in the digital payments sector than we’ve seen during the past two or three decades. This seems like an exciting time as consumers across the globe are increasingly using innovative digital platforms and services. Accuity’s payments experts have identified four important… Read More

January 23, 2021 @ 7:29 pm By Omar Faridi  |  

The COVID-19 outbreak has led to the increased adoption of contactless payments as one of the preferred ways to settle transactions in the United Kingdom, now representing around 90% or 9 in 10 of all eligible card transfers (as of 2020). The most significant milestone… Read More

January 23, 2021 @ 5:26 pm By Omar Faridi  |  

Sweden-based payments company Trustly is reportedly planning to conduct an initial public offering (IPO) during the second quarter of this year. The IPO might value the firm at around €9 billion. Trustly’s owner, Nordic Capital, is currently working cooperatively with Goldman Sachs, JP Morgan and… Read More

January 23, 2021 @ 4:34 pm By Omar Faridi  |  

It’s never that simple or easy to borrow funds from friends or family members, however, that’s actually the uncomfortable reality for many small business owners globally who are often funded by their families or relatives. MoneyTurtle is offering a service that’s meant to formalize this… Read More

January 23, 2021 @ 1:22 pm By Omar Faridi  |  

Berlin-headquartered Elinvar, a Fintech firm that aims to assist wealth managers and private banks with digitizing their business processes, has secured €25 million in capital. Elinvar’s platform outsources key processes such as client relationship management, digital onboarding, onsite advisory services, investment management, reporting, invoicing, online… Read More

January 23, 2021 @ 9:16 am By Omar Faridi  |  

Dhana Kaneshayogan notes that in January 2020, he had joined the Governance, Infrastructure and Networks team (GIN) at UK-based Fintech firm TransferWise. Kaneshayogan confirmed that the team offered other platform teams the interfaces and tooling to develop compute resources by using “best practices and standardized… Read More

January 22, 2021 @ 4:22 pm By Omar Faridi  |  

Global Fintech firm Circle notes that in the cryptocurrency over-the-counter (OTC) market, professional market participants are able to carry out large trades in a private manner and with “minimal price slippage,” which is why institutional clients are now “flocking” towards crypto OTC trading desks. Although… Read More

January 22, 2021 @ 3:43 pm By Omar Faridi  |  

Tal Elyashiv, Founder and Managing Partner at SPiCE VC, which claims to be the first fully compliant (regulation wise) tokenized venture capital fund, notes that today, we’re at the beginning of what might be the greatest transformational period in modern history. Elyashiv writes in an… Read More

January 22, 2021 @ 3:00 pm By Omar Faridi  |  

The team at LocalBitcoins, a leading peer-to-peer (P2P) Bitcoin exchange, recently shared ways to generate passive income with their affiliate program. LocalBitcoins claims that the Bitcoin (BTC) bull market is now definitely here and 2021 is on track to “become a great year” for the… Read More

January 22, 2021 @ 12:38 pm By JD Alois  |  

Cassa Depositi e Prestiti SpA (CDP) an Italian investment bank founded in 1850 in Turin that is largely owned by the Italian government, has decided to invest in digital lender October’s SME fund. According to a statement by CDP, the bank has committed €20 million… Read More

January 21, 2021 @ 8:35 pm By Omar Faridi  |  

The team at Kraken, a leading US-based digital asset exchange, notes that cryptocurrency prices have been soaring, and related innovation is “breaking ground,” while key opportunities are flourishing. According to Kraken, crypto adoption is “relentless.” The Kraken team writes that as they begin a new… Read More

January 21, 2021 @ 7:33 pm By Omar Faridi  |  

The team at BitPay, a blockchain payment technology firm that allows users to accept and send Bitcoin and other cryptocurrencies, notes that even though 2020 was a “rollercoaster of a year for the world,” digital currency remains at the “forefront” of the future of finance…. Read More

January 21, 2021 @ 4:09 pm By Samantha Hurst  |  

  Plaid announced on Thursday it has launched FinRise, an incubator program to empower early-stage entrepreneurs that are Black, Indigenous, or People of Color. “During an internal hackathon, Plaiderdays, last summer, inspired by the Black Lives Matter movement, a group of us got together to… Read More

January 21, 2021 @ 10:36 am By JD Alois  |  

Founded by Christian Wiens and Marius Simon in 2015,  Getsafe entered the UK insurance market about one year ago. The Germany based Insurtech has posted some information looking back at the last 12 months. In December, Getsafe secured a $30 million funding round led by… Read More

January 21, 2021 @ 9:57 am By Omar Faridi  |  

The team at Interdax, a digital assets derivatives trading platform, notes that after quite an eventful year, Bitcoin’s (BTC) price closed considerably higher than the all-time high the digital asset had set in December 2017. The new year 2021 was also kicked off with a… Read More

January 21, 2021 @ 9:44 am By JD Alois  |  

Tom Blomfield, founder of digital bank Monzo and former CEO is departing the Fintech entirely at the end of January according to a report. Blomfield has been slowly exiting the Fintech in the last couple of years having passed the CEO title to another some… Read More

January 21, 2021 @ 8:16 am By Samantha Hurst  |  

  Temenos (SIX: TEMN), a banking software company, announced on Thursday it has hit a new milestone by supporting a total of  60 challenger bank clients. Temenos reported that digital banks, such as Alba, Alpian, Banco del Sol, Flowe, FlowBank, Lunar, Next Commercial Bank, Pepper, Varo Bank, and WeLab Bank, have selected the company’s… Read More

January 21, 2021 @ 8:14 am By Omar Faridi  |  

Lex Sokolin, CMO at blockchain firm ConsenSys and Co-Head of Fintech and DeFi at ConsenSys Codefi, recently discussed how can we “best understand” the 100x revenue multiples for Fintech firms Affirm, Checkout, Rapyd, and several others. 1/ How can we best understand the 100x revenue… Read More