July 10, 2023 @ 9:13 am By Omar Faridi  |  

Bundlee, which claims to be a sustainable and scalable kidswear rental subscription, creating a better future to grow into, has secured 101% (£335,986) of its £330,001 target (at the time of writing) from 106 investors with 4 days left in the firm’s crowdfunding campaign, carried… Read More

July 10, 2023 @ 8:43 am By Omar Faridi  |  

DLT Payments is officially joining the Chainlink BUILD program. As a part of BUILD, they aim “to accelerate ecosystem growth and the long-term adoption of stablecoin payments by gaining enhanced access to Chainlink’s industry-leading oracle services and technical support, as well as incentivizing greater cryptoeconomic… Read More

July 10, 2023 @ 8:33 am By Omar Faridi  |  

Digital wallets are a rapidly growing technology, seeing particular growth in popularity in the years since the COVID-19 pandemic, according to an update from Juniper Research. As noted in a report from Juniper Research, they are also “important in the fields of financial inclusion, and… Read More

July 10, 2023 @ 6:05 am By Omar Faridi  |  

While Decentralized Physical Infrastructure Network (DePIN) development is still nascent, there has “been considerable progress over the past five years with startups seeking to disrupt traditional, multibillion-dollar infrastructure industries such as server (cloud), wireless telecom, sensor networks, and energy and transportation,” according to an update… Read More

July 10, 2023 @ 5:12 am By Omar Faridi  |  

Adyen (AMS: ADYEN), the global financial technology platform of choice for leading businesses, announces the launch of Data Connect for Marketing, a new product enabling omnichannel retailers to leverage payments data to improve marketing initiatives and provide an enhanced understanding of customers. Unique profile identifiers… Read More

July 9, 2023 @ 11:00 pm By Omar Faridi  |  

Despite small decreases, there was still a large number of investments and loans originated in May 2023, according to an update from European investment platform Bondora. Both were in the €19 million ballpark, which is still “some of the highest monthly amounts they’ve seen recently.”… Read More

July 9, 2023 @ 9:03 pm By Omar Faridi  |  

Onfido, which claims to be the global leader in automated identity verification, announced the results of its four year partnership with Lemonway, a leading Pan-European payment institution. Since integrating Onfido’s AI-powered identity verification solutions, Lemonway has seen substantial ROI, “including a 2X increase in validated… Read More

July 9, 2023 @ 7:10 pm By Omar Faridi  |  

Digital asset firm Gemini is pleased to announce that clients are now able to stake Solana (SOL) through Gemini Staking, allowing users to seamlessly receive SOL staking rewards in their Gemini account. Gemini Staking now “supports staking for Ethereum (ETH), Polygon (MATIC), and Solana (SOL).”… Read More

July 9, 2023 @ 6:22 pm By Omar Faridi  |  

Backbase, the Engagement Banking Platform, is pleased to announce the extension of its strategic partnership with BRD, Romania’s third largest bank and a part of Groupe Société Générale. As BRD’s long-term innovation partner, Backbase will aim to “enhance the digital banking services and deliver exceptional… Read More

July 9, 2023 @ 5:59 pm By JD Alois  |  

The Brookings Institution, a middle-of-the-road Democrat think tank, has posted a review on crypto-based jobs and startup activity, noting that crypto startups are just as volatile as crypto in general. The report is predicated on the belief that local officials need to embrace tech innovation… Read More

July 9, 2023 @ 2:10 pm By Omar Faridi  |  

Ampergia Limited, which aims to enable businesses’ net-zero transitions, has reportedly acquired 58% (£117,100) of its £200,000 fundraising target with 5 days left in the sale (at the time of writing) from 92 investors through its crowdfunding campaign, carried out via Crowdcube. Based in the United… Read More

July 9, 2023 @ 1:35 pm By JD Alois  |  

Marc Boiron, a well-known attorney in the Fintech sector, has stepped in as CEO of Polygon Labs. Proud to start as CEO role at @0xPolygonLabs, reporting to the founders & leaning into our stellar eng roots.It's a privilege to serve the community & company as… Read More

July 9, 2023 @ 1:02 pm By Omar Faridi  |  

The Saudi Central Bank (SAMA) announces the issuance of the Implementing Regulations for the Law of Payments and Payment Services “to support the objective of enhancing soundness and efficiency of the payment systems infrastructure in Saudi Arabia.” The relevant regulatory and supervisory frameworks enable SAMA… Read More

July 9, 2023 @ 12:59 pm By Omar Faridi  |  

Moneyhub, the data and payments platform built on the principles of Open Banking and Open Finance, has announced a partnership with MX Technologies, Inc., which claims to be a leader in Open Finance in North America. This partnership enables Moneyhub and MX “to leverage each… Read More

July 9, 2023 @ 12:58 pm By Omar Faridi  |  

FIS (NYSE: FIS), which claims to be a global leader in financial services technology, announced an acceleration of its previously announced separation plan in order “to create two highly focused global companies with greater strategic flexibility.” FIS has signed a definitive agreement “to sell a… Read More

July 9, 2023 @ 12:55 pm By Omar Faridi  |  

Multichain has reportedly halted its network on a suspected $130 million hack, a move that has come just a month after the initiative’s CEO disappeared. The Multichain service stopped currently, and all bridge transactions will be stuck on the source chains. There is no confirmed… Read More

July 9, 2023 @ 12:08 pm By Omar Faridi  |  

Tallinn-based Swaper, a marketplace platform offering to buy the claim rights for loan receivables and earn passive income, recently shared key platform updates. By the end of last month, Swaper investors earned a cumulative of 6.42M Euros worth of interest. In June 2023, the number… Read More

July 9, 2023 @ 7:17 am By Omar Faridi  |  

Qover, an insurtech specialising in embedded insurance orchestration, has successfully closed a $30 million Series C up-round funding. The investment will fuel “the company’s growth trajectory, empower it to continue orchestrating innovative solutions, launch even more successful partnerships and propel it closer to achieving profitability… Read More

July 8, 2023 @ 7:24 pm By Omar Faridi  |  

China’s regulatory authorities revealed on Friday (July 7, 2023) a 7.12 billion yuan (approximately $984 million) fine for Ant Group, a decision that effectively ends a lengthy regulatory revamp of the Fintech firm while marking an important step to concluding a massive crackdown on the… Read More

July 8, 2023 @ 5:15 pm By Omar Faridi  |  

Paul Grewal, the Chief Legal Officer at digital asset firm Coinbase (NASDAQ:COIN), recently noted that after Coinbase gave notice of it intent to move to throw out their case agiast the US Securities and Exchange Commission (SEC), they had reportedly “consented to a few extra… Read More