Global

January 12, 2021 @ 11:26 pm By JD Alois  |  

Björn Jüngerkes has been appointed managing director at zinsbaustein.de according to a company release. In addition to the areas of legal and finance, Jüngerkes will focus on expanding the business model, including by integrating new product structures. This also includes the expansion of the cooperation with… Read More

January 12, 2021 @ 10:58 pm By JD Alois  |  

Securities offerings via crowdfunding platforms in the UK had a gangbuster year, according to a report. In total, £332 million was raised led by the two dominant platforms – Crowdcube and Seedrs – that hoover up over 90% of the offerings. A report by the… Read More

January 12, 2021 @ 10:42 pm By JD Alois  |  

Bahrain Fintech Bay (BFB) and the Fintech Association of Israel –Fintech Aviv (FTA) have agreed to collaborate on the development of Fintech in the region. Earlier this year, diplomatic relations between the two countries were normalized ushering a new era of cross-border innovation and partnership…. Read More

January 12, 2021 @ 10:22 pm By Omar Faridi  |  

A recently published whitepaper from Massachusetts-based International Data Corporation (IDC) and Huawei examines how banking institutions across the globe have been dealing with the COVID-19 outbreak. The paper identifies or recommends the way forward in a post COVID world which is now considered the “new… Read More

January 12, 2021 @ 9:11 pm By Omar Faridi  |  

The team at Blockchain.com, a leading crypto wallet provider, trading platform, and block explorer service, notes that 2020 was “arguably crypto’s best year yet.” Blockchain.com writes in a blog post that Bitcoin (BTC) investors have had an “extraordinary” holiday season, and the new year is… Read More

January 12, 2021 @ 4:53 pm By Omar Faridi  |  

Binance, the world’s largest digital assets exchange, notes that when it comes to cryptocurrencies, most consumers think of bear and bull markets, “insane” or crazy stories about people who became extremely wealthy overnight or lost it all in a major scam or by getting involved… Read More

January 12, 2021 @ 3:18 pm By Omar Faridi  |  

The team at Huobi Global, a leading digital asset firm, recently revealed that they’re proud to  confirm that Chainlink (LINK) will be “natively integrated” into Huobi ECO-Chain (Heco) as the “recommended” Oracle solution for all blockchain and smart contract apps launching on Huobi’s distributed ledger… Read More

January 12, 2021 @ 1:29 pm By JD Alois  |  

Digital bank Revolut has announced a new service: Confirmation of Payee – available to over 3 million UK customers. The feature is part of Pay.UK’s anti-fraud initiative, according to a release. The feature has been enabled by its payments partner Modulr, one of the few… Read More

January 12, 2021 @ 11:08 am By Samantha Hurst  |  

SellersFunding, a global financial platform provider, announced on Tuesday the closing of a momentous receivables funding program with European alternative asset manager Fasanara Capital. According to SellersFunding, the multi-currency deal will allow for up to $100 million in funding across USD, GBP, EUR, and CAN… Read More

January 12, 2021 @ 10:32 am By JD Alois  |  

Walmart (NYSE: WMT), the largest retailer in the world with over $500 billion in revenue, is getting into Fintech with longtime Fintech investor Ribbit Capital, according to a release. The startup is expected to provide “modern, innovative, and affordable financial solutions.” The Fintech will be… Read More

January 12, 2021 @ 10:06 am By JD Alois  |  

Sweep, an open banking Fintech that provides SMEs an expense and travel management platform, says it hit its 2020 funding target having raised £900,000 in investments and grants during 2020. Sweep completed an offering on Seedrs in December raising £250,000 in a Future Fund backed… Read More

January 12, 2021 @ 8:23 am By JD Alois  |  

JumpCloud, an enterprise cloud service provider that has boomed during COVID, has raised a $100 million Series E funding round that was said to be oversubscribed. The round was led by Blackrock with additional investment from an affiliate of H.I.G. Growth Partners, OurCrowd, and participation… Read More

January 12, 2021 @ 8:00 am By JD Alois  |  

WiseAlpha, a digital bond investment marketplace, will now integrate with Money Dashboard enabling users to track all of their investments including savings, financial accounts as well as bond investments. The WiseAlpha marketplace now integrates its fractional bonds with the service. WiseAlpha seeks to boost utilization… Read More

January 12, 2021 @ 7:47 am By Omar Faridi  |  

Checkout.com, an established payments company, has again managed to become the highest-valued Fintech business in Europe after finalizing a huge $450 million Series C investment round. The Fintech firm has been able to triple or 3x its valuation for the second time and is currently… Read More

January 12, 2021 @ 7:43 am By Omar Faridi  |  

The team at Security Token Market (STM), which is focused on re-inventing capital markets with blockchain or distributed ledger technology (DLT)-based security tokens, has published its December 2020 Real Estate Market Report. The Security Token Market team notes that their website, stomarket.com, hosts live-trading data… Read More

January 11, 2021 @ 10:34 pm By JD Alois  |  

For Crowdcube, the UK’s largest crowdfunding platform by total raised, 2020 has been a stellar year in terms of funding rounds. The 3rd quarter of the year was described as “remarkable” and the platform generated £2.67 million in revenue – reportedly Crowdcube’s best ever. The… Read More

January 11, 2021 @ 9:05 pm By Omar Faridi  |  

The developers at Fuse.io, a Tel Aviv based Fintech firm that aims to leverage (decentralized finance) DeFi infrastructure to create a platform for entrepreneurs that allows them to turn “communities into economies,” have introduced FuseSwap’s new analytics section. The updated section features a user-friendly or… Read More

January 11, 2021 @ 11:01 am By JD Alois  |  

At the end of last week, HM Treasury published a consultation on cryptoassets (digital assets) and stablecoins. An earlier consultation on cryptoasset promotions concluded on 26 October with results expected soon. The consultation is said to be the first stage in the government’s process concerning… Read More

January 11, 2021 @ 9:12 am By JD Alois  |  

PayDashboard, an “interactive payslip platform” has been selected by Innovate UK to receive a £167,072 funding grant to support its continued growth in the financial wellness space. The London based Fintech was selected to receive the sum as part of the Government’s sustainable economic recovery… Read More

January 11, 2021 @ 8:35 am By JD Alois  |  

The UK Financial Conduct Authority has issued a statement on the risk of investing in cryptocurrency during a time when Bitcoin has hit all-time highs before backing off by over 15% erasing billions in gains. The FCA states: “The FCA is aware that some firms… Read More