June 20, 2023 @ 11:31 am By Omar Faridi  |  

Venture capital (VC) funding activity in the US experienced a significant decline from January to May 2023. A total of 3,532 VC funding deals of worth $55.3 billion “were announced in the US during the period.” This represents “a year-on-year (YoY) decline of 36.4% in… Read More

June 20, 2023 @ 11:15 am By Omar Faridi  |  

Compass, the Mediobanca Group consumer credit arm, has signed an agreement to acquire 100% of HeidiPay Switzerland AG from HeidiPay AG. HeidiPay Switzerland AG is described as “a fast-growing Swiss company specializing in the Buy Now Pay Later (BNPL) segment, with over 400 commercial agreements… Read More

June 20, 2023 @ 11:12 am By Omar Faridi  |  

Global fintech SumUp has unveiled its latest UK campaign, with a merchant-centric push that champions the businesses, entrepreneurs and SMEs that power the country, dubbed ‘Local Heroes’. The focus of the campaign is SumUp merchants “from West London and its aim is to use a… Read More

June 20, 2023 @ 10:58 am By JD Alois  |  

Froda is launching a card-based embedded lending solution in Denmark in partnership with digital bank Lunar and Visa. According to a public statement, the launch follows a successful test period, as the company strives to make it faster and cheaper for SMEs to access growth… Read More

June 20, 2023 @ 10:47 am By JD Alois  |  

Eos Advisory LLP  has received a £10 million commitment from British Business Investments, a subsidiary of the British Business Bank. The funding is part of the Regional Angels Programme and will be allocated to invest alongside Eos’s Angel Syndicate and EIS Innovation Fund.  Eos is… Read More

June 20, 2023 @ 10:34 am By JD Alois  |  

Back Market, BNP Paribas Cardif, and bolttech have announced a partnership for the refurbishing market. Back Market is a marketplace enabling the general public to buy thousands of electrical and electronic products that have been reconditioned. bolttech is an international Insurtech, and BNP Paribas Cardif… Read More

June 20, 2023 @ 9:21 am By Omar Faridi  |  

The International Monetary Fund (IMF) is reportedly working on a solution for central bank digital currencies (CDBCs) to support financial transactions between nations, IMF MD Kristalina Georgieva revealed on Monday (June 19, 2023). As reported by Reuters, Georgieva told a conference attended by various reserve… Read More

June 20, 2023 @ 9:19 am By Omar Faridi  |  

Digital asset firm CoinSwitch is getting ready to introduce a stock trading platform, so that it can meaningfully compete in a market which includes Groww and Upstox, among other service providers in India. According to an update shared by the ET, CoinSwitch intends to submit… Read More

June 20, 2023 @ 9:16 am By Omar Faridi  |  

Mastercard (NYSE: MA) is continuing its move into the volatile crypto sector. The payments giant has submitted a trademark application claiming plans for software for crypto and blockchain/DLT transactions, as well as interconnecting virtual asset service providers for crypto transfers. It appears as if Mastercard… Read More

June 19, 2023 @ 11:29 pm By Omar Faridi  |  

The Graph, the indexing and query protocol for organizing blockchain data, begins the final phase of its integration onto Arbitrum, the Layer 2 (L2) scaling solution built on Ethereum. Through its transition to Arbitrum One, The Graph reportedly “lowers gas fees, accelerates transaction speeds, and… Read More

June 19, 2023 @ 11:27 pm By Omar Faridi  |  

Douugh Ltd (ASX: DOU), the consumer fintech on a mission to empower everyday Aussies to take control of their money and build long term wealth on autopilot, is announcing the launch of the “world’s first” Pay Now or Pay Later Stockback rewards Mastercard. With the… Read More

June 19, 2023 @ 11:26 pm By Omar Faridi  |  

As the world of blockchain continues to evolve, innovative applications and new kinds of collaboration are “emerging to tackle various challenges.” Frac, a platform in the high-value fractional asset trading market, has adopted vechain’s propriety technologies “to increase security and add immutable authentication to their… Read More

June 19, 2023 @ 11:24 pm By Omar Faridi  |  

Mastercard (NYSE: MA) is partnering with Bankiom, a UAE-based lifestyle banking app, to introduce digital payment cards across the UAE, Saudi Arabia, Bahrain, Kuwait, and Oman. This partnership marks “a significant stride in Mastercard‘s ongoing commitment to advancing digitalization in the payments landscape throughout the… Read More

June 19, 2023 @ 11:22 pm By Omar Faridi  |  

Elliptic – the global firm focused on crypto-asset risk management – has released a landmark report to equip compliance and law enforcement teams with the necessary tools to combat the next frontier of crypto crime. Elliptic’s flagship Typologies Report – which remains “the only comprehensive… Read More

June 19, 2023 @ 11:19 pm By Omar Faridi  |  

Blackbird.AI, which claims to be the leader in AI-driven Narrative and Risk Intelligence, announced the close of a $20M Series B round led by cybersecurity investor Ten Eleven Ventures, with follow-on support from existing investors Dorilton Capital, Generation Ventures, StartFast Ventures and Trousdale Ventures. Other… Read More

June 19, 2023 @ 11:16 pm By JD Alois  |  

Republic, the largest private investment marketplace in the world, has revealed a new partnership with digital securities platform INX (NEO: INXD, INXATS: INX, OTCQB: INXDF). INX is also a FINRA-regulated broker-dealer, ATS (alternative trading system), and transfer agent. As part of the deal, Republic has invested… Read More

June 19, 2023 @ 10:51 pm By Omar Faridi  |  

Truework says sit has reached a significant milestone in their journey as they “work towards creating trust in every financial transaction.” Truework has entered into a strategic partnership with TransUnion, one of the largest information and insights companies in the world. In addition, TransUnion has… Read More

June 19, 2023 @ 7:37 pm By JD Alois  |  

Do Kwon, the creator of TerraUSD – LUNA, has been sentenced to four months in the slammer in Montenegro, according to multiple reports. Kwon’s attempt to create an algorithmic stablecoin TerraUSD has been cited as a huge catalyst in the crypto collapse of 2022. The… Read More

June 19, 2023 @ 6:59 pm By Omar Faridi  |  

Synthetix is pleased to announce the addition of Lido Finances’ stETH as the latest asset for leverage trading on Synthetix Perps. This new perpetual futures market “has been approved by SIP 2021 and had parameters set in SCCP 2015.” Synthetix Perps claims it is “the… Read More

June 19, 2023 @ 6:52 pm By Omar Faridi  |  

SimpleNexus, an nCino (NASDAQ: NCNO) company and developer of the U.S. homeownership platform for loan officers, borrowers, real estate agents and settlement agents, announced a new integration with Empower, Black Knight’s loan origination system (LOS). The bidirectional integration, “available to financial institutions including independent mortgage… Read More