August 6, 2023 @ 9:17 am By Omar Faridi  |  

Settle, the cash-flow management platform, recently announced a new purchasing suite designed specifically for founders of e-commerce businesses. Purpose-built to streamline the challenge of purchasing and procurement, the new Settle Purchasing suite of tools “automates back-office tasks like bill pay, purchase order creation, auditing, reporting… Read More

August 5, 2023 @ 3:42 pm By Omar Faridi  |  

ASIC has commenced proceedings in the Federal Court against online investment platform, eToro Aus Capital Limited, “regarding its contract for difference (CFD) product.” ASIC is alleging “breaches of design and distribution obligations and of eToro’s licence obligations to act efficiently, honestly and fairly.” The case… Read More

August 5, 2023 @ 2:08 pm By Omar Faridi  |  

LongHashX, which claims to be one of the world’s leading Web3 accelerators with the strong network in Asia, is continuing its partnership with Protocol Labs, the creator of Filecoin and IPFS, in order “to launch the Filecoin Virtual Machine (FVM) Genesis Accelerator.” The 12-week program,… Read More

August 5, 2023 @ 2:06 pm By Omar Faridi  |  

We recently connected with Luis Ocegueda, Engineering Lead at Trust Wallet, which claims to be the world’s most trusted and secure crypto wallet with 60 million+ downloads. It’s worth noting that, earlier this year, Trust Wallet did experience certain security issues, leading to a considerable… Read More

August 5, 2023 @ 2:02 pm By Omar Faridi  |  

Using the Request for Payment (RfP) capability on the RTP network, the instant payments system operated by The Clearing House, broker dealers, billers and suppliers “can now request a payment from their customers through secure bank channels, and receive an instant payment in response from… Read More

August 5, 2023 @ 2:01 pm By Omar Faridi  |  

Coinbase Global (NASDAQ:COIN) on Friday (August 4, 2023) reportedly requested a judge to end the US Securities and Exchange Commission’s (SEC) ongoing lawsuit that’s accusing the world’s biggest publicly-listed crypto exchange of violating applicable federal securities laws. As mentioned in a filing in federal court… Read More

August 5, 2023 @ 1:59 pm By Omar Faridi  |  

UK-based digital bank Revolut will reportedly stop US clients from accessing cryptocurrencies. This, according to an official statement from the firm that was issued on Friday (August 4, 2023). Revolut has cited the current US regulatory environment and the overall crypto market uncertainty as the… Read More

August 5, 2023 @ 1:57 pm By Omar Faridi  |  

Netcapital Inc. (Nasdaq: NCPL, NCPLW), a digital private capital markets ecosystem, has announced financial results for its fourth quarter and fiscal year 2023 ended April 30, 2023. Netcapital operates a FINRA-regulated funding portal that may issue securities under Reg CF. Martin Kay, CEO of Netcapital… Read More

August 5, 2023 @ 1:52 pm By Omar Faridi  |  

Fundrise notes that the belief that a very real and potentially significant downturn still lies ahead has necessarily “been the foundation for all their decisions across the portfolio over the past six months.” As Fundrise noted at the beginning of the year and again in… Read More

August 5, 2023 @ 10:22 am By Omar Faridi  |  

In a move to further reduce its impact on the environment, Thames Technology is planning to eliminate “the use of virgin PVC from all its card production.” Thames Technology has already “been manufacturing 100% of its non-financial cards such as gift, loyalty and membership cards… Read More

August 5, 2023 @ 6:17 am By Omar Faridi  |  

Investment in Australian startups over the first six months of 2023 “fell to US$1.11 billion, compared to US$3.64 billion over the corresponding period in 2022,” according to newly released data from KPMG. The latest numbers from the KPMG Private Enterprise Venture Pulse report shows that… Read More

August 4, 2023 @ 11:57 pm By Omar Faridi  |  

flynas, the Saudi air carrier and the leading low-cost airline in the Middle East and the world, and Tabby, the MENA region’s shopping and financial services app, have announced a partnership “to provide travelers with flexible payment solutions, allowing flynas’ customers to pay for their… Read More

August 4, 2023 @ 5:34 pm By JD Alois  |  

Tether, the issuer of the world’s most popular stablecoin – USDT, has posted that it has won a legal victory in the US District Court for the Southern District of New York. The case stems from a complaint filed all the way back in 2021…. Read More

August 4, 2023 @ 5:14 pm By Omar Faridi  |  

Onfido, which claims to be the global leader in automated digital identity verification, today announced that they have partnered with 0xKYC, an innovative startup bringing zero-knowledge proof identity solutions to Decentralized Autonomous Organizations (DAOs). 0xKYC, which is currently in its seed round of investment, is… Read More

August 4, 2023 @ 12:04 pm By Omar Faridi  |  

GTreasury, a treasury, payments, and risk management software provider, and Convera, the largest non-bank global B2B payments provider, announced a partnership to offer an integrated payments service on GTreasury’s treasury management system (TMS) software. A key player focused on streamlining B2B cross-border payments, Convera is… Read More

August 4, 2023 @ 11:44 am By JD Alois  |  

Insurtech Functional Finance has raised $8 million in a seed round plus a SAFE of $2 million. A SAFE is typically a commitment for equity at a discount on a future date following an outlined event. The funding was led by New Enterprise Associates (NEA),… Read More

August 4, 2023 @ 11:29 am By Omar Faridi  |  

Specialist finance provider Assetz Capital is pleased to announce a recent agreement for a development exit loan in the town of Frome, Somerset. The lender will be “providing financing to support the ground-up development of an impressive scheme comprising 7 townhouses, 2 detached houses, and… Read More

August 4, 2023 @ 11:25 am By Omar Faridi  |  

Bridgecoin Capital unveiled the launch of their new lending platform, which is the first of its kind to lend customers’ crypto into traditional real estate assets. This novel model, “designed by the partnership of real estate and crypto professionals, is the first tax efficient method… Read More

August 4, 2023 @ 10:43 am By Omar Faridi  |  

Capco, the global technology and management consultancy, and Celonis, the “pioneer” and global leader in process mining, announced a new mortgage pipeline management solution offering lenders “a data-driven approach to manage their mortgage loan pipeline, resulting in continuous process improvement, risk mitigation and cost reduction.”… Read More

August 4, 2023 @ 9:17 am By Omar Faridi  |  

Pockit – the financial super app for low-income and underserved communities – has raised $10 million in a growth round “led by Puma Private Equity, with participation from The North East Development Capital Fund, managed by Maven Capital Partners and supported by the European Regional… Read More