August 8, 2023 @ 8:32 am By Omar Faridi  |  

Uppsala Security, a provider of security tools and services for Crypto AML/CTF, Transaction Risk Management, Regulatory Compliance, Transaction Tracking, and Cyber Security announced a significant collaboration with CryptoTax, a virtual asset tax service platform headquartered in South Korea. This strategic partnership is geared “towards fostering… Read More

August 8, 2023 @ 6:12 am By Omar Faridi  |  

Vodafone’s ‘Economy of Things’ Digital Asset Broker (DAB) business is connecting with Aventus, which helps enterprises adopt Web3 – the new blockchain-based decentralised world wide web. The two companies will “use their collective strengths to help more businesses and strategic partners take advantage of Web3’s… Read More

August 8, 2023 @ 6:07 am By Omar Faridi  |  

Small and medium-sized business (SMB) financing platform Funding Societies announced that it has teamed up with CGC Digital, the Fintech division of Credit Guarantee Corporation Malaysia (CGC) in order to support MSMEs operating across the Southeast Asian nation. Via this collaboration, CGC Digital created a… Read More

August 8, 2023 @ 5:11 am By Omar Faridi  |  

Despite inflation cooling, many hourly workers in the Gen Z demographic (18-26 years old) are struggling to manage their finances and pay bills on time — and “they say it’s having a negative effect on their health.” New research commissioned by Funding Our Future and… Read More

August 7, 2023 @ 11:27 pm By Omar Faridi  |  

Global market infrastructure provider Deutsche Börse Group will acquire the remaining shares in FundsDLT. The Luxembourg-based company claims it is “a leading decentralized platform based on distributed ledger technology (DLT) for end-to-end fund distribution and processing.” The acquisition is expected “to be completed in the… Read More

August 7, 2023 @ 9:29 pm By Omar Faridi  |  

Mastercard (NYSE: MA) recently announced the introduction of Cardholder Verification Code (CVC)-less online transactions “for its debit and credit cardholders who have tokenized their cards on merchant platforms.” The move aims to “reduce the checkout time and make virtual transactions hassle-free and more secure.” CVC… Read More

August 7, 2023 @ 6:50 pm By JD Alois  |  

Reports have filtered out from Hong Kong that some executives at crypto exchange Huobi have been placed under arrest. At the same time, corresponding reports indicate that Houbi has seen an outflow of funds that are valued at over $500 million. In the past 24… Read More

August 7, 2023 @ 6:31 pm By Omar Faridi  |  

D8X, an institutional-grade decentralized exchange (DEX) for derivatives on Polygon zkEVM, announced a $1.5 million pre-seed round with support from Polygon Ventures and various other investors. The capital will help D8X launch “a decentralized derivatives trading platform in the second half of 2023 that provides… Read More

August 7, 2023 @ 6:04 pm By Omar Faridi  |  

Alternative payment methods such as mobile and digital wallets are being widely used in the e-Commerce space in Singapore, “accounting for 38.6% of the payments made on the online payments in 2023,” reveals GlobalData, a data and analytics company. GlobalData’s e-Commerce Analytics reveals “that Singapore’s… Read More

August 7, 2023 @ 5:41 pm By JD Alois  |  

Singapore is one of the most forward-thinking Fintech hubs in the world. Today, its top financial regulatory, the Monetary Authority of Singapore (MAS), has reaffirmed its support of Fintech and announced it will provide S$150 million to innovative firms over the next three years.  The… Read More

August 7, 2023 @ 5:07 pm By Omar Faridi  |  

Bybit, which claims to be one of Coingecko’s top-five cryptocurrency exchanges, is pleased to announce that users can now “buy crypto on-chain using Bybit’s peer-to-peer (P2P) trading service.” The P2P enhancement currently “allows for the purchase of USDT using more than 62 fiat currencies, with… Read More

August 7, 2023 @ 4:26 pm By Omar Faridi  |  

First Federal Savings & Loan of San Rafael has partnered with digital banking provider, Bankjoy in order “to deliver an intuitive and feature-rich online and mobile banking experience for account holders.” Through the partnership, First Federal’s account holders will be “able to easily manage their… Read More

August 7, 2023 @ 1:02 pm By Omar Faridi  |  

Cordada, a private debt platform that caters to lenders and fintechs serving small and medium-sized enterprises (SMEs) in Latin America, has announced its partnership with Thought Machine. Cordada will use Thought Machine‘s cloud-native core banking platform, Vault Core, to develop highly personalised financial products “for… Read More

August 7, 2023 @ 12:50 pm By JD Alois  |  

Last week, CrowdStreet endured several difficult days as a report in WSJ.com was highly critical of the real estate investment platform, claiming that $63 million of investor funds had “gone missing.” The claim was due to a securities offering on CrowdStreet by an issuer that… Read More

August 7, 2023 @ 9:55 am By JD Alois  |  

PayPal (NASDAQ:PYPL), a top publicly traded Fintech, has announced the launch of a dollar-based stablecoin. According to a company statement, PayPal USD or PYUSD is a fully backed digital asset that holds cash, short-term US Treasuries, and similar assets issued in partnership with Paxos, a… Read More

August 7, 2023 @ 9:16 am By Omar Faridi  |  

Investment platform Shojin has teamed up with LINUS as well as Reinvest24 in order to expand various real estate opportunities. Shojin, a UK-headquartered FCA-regulated investment platform, has announced its partnership with LINUS Digital Finance, a Berlin-based real estate investment platform, and Reinvest24, an Estonia-based real… Read More

August 7, 2023 @ 8:56 am By Omar Faridi  |  

Digital currency exchange Huobi has reportedly seen total outflows of over $73 million during the last week, a time period in which a few of the firm’s executives were taken into police custody by authorities in China. Huobi operates one of the largest crypto exchanges… Read More

August 7, 2023 @ 8:43 am By Omar Faridi  |  

Ribbit Capital, a Palo Alto, California-headquartered venture capital firm, has reportedly secured around $800 million as part of its latest Fund. As noted in a regulatory form filed with the US Securities and Exchange Commission (SEC), there are a total of 247 investors that have… Read More

August 7, 2023 @ 2:57 am By Omar Faridi  |  

Dot Investing, which aims to tap into investments for the £75.2tn pool of capital with limited access to fast-evolving private markets, has raised 99% (£744,625.44) of its £750,000 fundraising target (at the time of writing) from 87 investors via its crowdfunding campaign, carried out via Crowdcube,… Read More

August 7, 2023 @ 2:17 am By Omar Faridi  |  

Without offsetting topline growth or debt reduction, management will need to increase efficiency and reduce investment “to retain earnings power and, even then, may face lower valuation multiples,” the team at Pitchbook noted in a comprehensive market update. Hence, Pitchbook now expects further underperformance “from… Read More