August 13, 2023 @ 6:48 pm By Omar Faridi  |  

deepset.ai – the enterprise platform for building applications with LLMs – has raised $30 million in funding led by Balderton Capital. The investment round also included participation from existing investors GV (Google Ventures), and Harpoon Ventures. deepset claims that it “solves one of the biggest… Read More

August 13, 2023 @ 5:46 pm By Omar Faridi  |  

A recent report has looked into just how quickly Binance revenues may be declining. Available trading data provides key insights regarding the status of Binance’s crypto-focused operations and its BNB digital token. As covered earlier this month, the WSJ had released an extensive report which… Read More

August 13, 2023 @ 5:44 pm By Omar Faridi  |  

The team at Yield App is pleased to announce that they’ve registered as a virtual asset service provider (VASP) with Italy’s Organismo Agenti e Mediatori (OAM). According to the update from Yield App, this marks a huge step in their long-term commitment to compliance with… Read More

August 13, 2023 @ 5:42 pm By Omar Faridi  |  

Fime has been selected by Bangladesh Bank to help launch the nation’s domestic card scheme. During this six-year partnership, Fime will aim to “provide consulting and testing services, and set up a certification body framework.” By establishing this independent payment infrastructure, Bangladesh Bank is “creating… Read More

August 13, 2023 @ 5:38 pm By Omar Faridi  |  

SphereX, a web3 security company, has raised $8.2 million in seed funding and launched SphereX Protect, a decentralized security solution for smart contracts. This solution prevents vulnerabilities “in the code from being exploited and maintains contract operation even under threat.” SphereX, a web3 security platform,… Read More

August 13, 2023 @ 2:05 pm By Omar Faridi  |  

Blackfinch Property, the Gloucester-based rapidly growing agile lender to the UK property market, has completed a £4.3m buy-to-let (BTL) refinancing loan “for the completion of a collection of seven modern and energy-efficient homes contained by a gated closed mews in Archway London.” The 24-month deal… Read More

August 13, 2023 @ 2:03 pm By Omar Faridi  |  

The US Securities and Exchange Commissin (SEC) has postponed its decision regarding Cathie Wood‘s spot Bitcoin ETF application. The US SEC recently confirmed that it will be delaying its decision on whether to greenlight the Cathie Wood-backed Ark Investment Management’s (ARK) spot bitcoin Exchange-Traded Fund…. Read More

August 13, 2023 @ 1:54 pm By Omar Faridi  |  

As part of modernizing its IT landscape and enhancing the customer experience, Handelsbanken Norway has chosen to consolidate on Tietoevry Banking’s wealth management solution. This enables Handelsbanken “to offer financial products, including mutual funds, equities, ETFs and more, through one modern self-service platform for its… Read More

August 13, 2023 @ 1:52 pm By Omar Faridi  |  

Spearbit, a smart contract audit and security solutions firm with clients such as Polygon, OpenSea, Optimism and more, announced that it “has raised a $7 million funding round led by Framework Ventures, a venture capital firm known for its early entry into decentralized finance (DeFi)… Read More

August 13, 2023 @ 12:46 pm By Tony Zerucha  |  

This week, ConnexPay, a payments technology company that integrates payments acceptance and issuance inside a single platform, announced the appointment of George Hansen as its chief revenue officer (CRO). Hansen brings more than 20 years of experience in the payments industry. He previously worked as… Read More

August 13, 2023 @ 5:24 am By Omar Faridi  |  

UnionPay International (UPI) and Payments Network Malaysia Sdn Bhd, or PayNet, Malaysia’s national payments network jointly signed an agreement in Shanghai in order to support “the cross-border QR code linkage and enable the full acceptance of the UnionPay App (Chinese-mainland, Hong Kong and Macao versions)… Read More

August 12, 2023 @ 4:26 pm By Omar Faridi  |  

Digital investment platform Mnaara has completed a US$500,000 pre-seed round funded by investors from the UK, US, Middle East and Singapore. The investment round will enable Mnaara “to grow its team and continue developing its Shariah-compliant investment solutions catering to the globally underserved mass-affluent market.”… Read More

August 12, 2023 @ 4:23 pm By Omar Faridi  |  

Blackboxstocks, Inc. (NASDAQ: BLBX), a financial technology and social media hybrid platform offering real-time proprietary analytics for stock and options traders, announced the launch of the beta program “for the company’s new portfolio alert product StockNanny, featuring real-time data from Nasdaq.” StockNanny leverages the real-time… Read More

August 12, 2023 @ 4:20 pm By Omar Faridi  |  

Prontoblock, a digital asset fintech company, is pleased to announce its strategic partnership with Mercantile Bank International (MBI). This partnership aims to enhance the commercial paper market “through the tokenization of these financial instruments.” This partnership will empower MBI clientele “to engage in the purchase… Read More

August 12, 2023 @ 12:01 pm By JD Alois  |  

This week the Securities and Exchange Commission (SEC) announced a settlement in its enforcement action against Bittrex as well as a foreign affiliate. Bittrex agreed to a total penalty of $24 million. As part of the settlement, Bittrex neither admitted nor denied the SEC’s allegations,… Read More

August 12, 2023 @ 11:34 am By Omar Faridi  |  

Klarpay AG is pleased to announce the appointment of Markus Emödi as the Chief Legal & Compliance Officer and Deputy CEO. With a track record of over 20 years in the financial industry, Markus reporttedly “brings a wealth of experience and expertise to Klarpay.” Markus… Read More

August 12, 2023 @ 11:25 am By Omar Faridi  |  

Enterprise fintech VC deal activity continued “to decelerate in Q2,” according to a comprehensive update from Pitchbook. VC deal value this quarter has reportedly “decreased 11.9% YoY to $10.6 billion.” Excluding the Stripe deal, VC deal value “was $3.7 billion, representing declines of 69.2% YoY… Read More

August 12, 2023 @ 11:23 am By Omar Faridi  |  

Zirtue, the relationship-based lending app with a mission to drive financial inclusion, announces today its partnership with TruStage, a financially strong insurance, investment, and technology provider, built on the philosophy of people helping people. Formally known as CUNA Mutual Group, TruStage was “born out of… Read More

August 12, 2023 @ 11:21 am By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, has committed 10 Million USD to Helio Protocol, a project “combining over-collateralized lending of its native decentralized stablecoin, HAY, with staking-as-a-service (StaaS) and LSDfi infrastructure, with approximately combined 300 million USD in total value locked… Read More

August 12, 2023 @ 11:18 am By Omar Faridi  |  

TerraPay, a global payments infrastructure company, has secured an In-Principle Approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), “marking a significant step towards being a payments company with the most regulatory approvals.” With this coveted approval from MAS,… Read More