April 10, 2023 @ 11:57 pm By Omar Faridi  |  

This past week from 6 April, the full amount of the weekly State Pension in the UK will reportedly “increase by 10.1%, the highest ever rise, for 12.5 million recipients of the State Pension.” Taking effect for payments starting next Monday 10 April, the amount… Read More

April 10, 2023 @ 11:27 pm By Omar Faridi  |  

Vechain’s mission is building robust foundational blockchain infrastructure and driving Web3 adoption throughout the global economy. According to a blog post, achieving this “demands a resilient network with reliable accessibility for developers and enterprises building decentralized solutions.” The team says it is pleased to share… Read More

April 10, 2023 @ 10:52 pm By Omar Faridi  |  

Pairing Mambu’s cloud-native core banking infrastructure with Bitpanda’s 24/7 trading platform makes it easier for financial institutions globally “to provide investment capabilities to their customers.” Bitpanda Technology Solutions, the European Investment-as-a-Service platform, has partnered with SaaS (Software-as-a-Service) cloud banking platform Mambu “to provide financial institutions… Read More

April 10, 2023 @ 10:51 pm By Omar Faridi  |  

Ava Labs has announced the launch of Avalanche Evergreen Subnets, a suite of institutional blockchain deployments, customizations, and tooling designed to address company-specific and industry-wide requirements for financial services. Crucially, Evergreen Subnets “maintain the benefits of public network development while enabling particular features historically only… Read More

April 10, 2023 @ 6:33 pm By Omar Faridi  |  

NYMBUS, a provider of banking technology solutions, announced Vantage West Credit Union has chosen its Launch product “to deliver a niche financial brand that is primed to reach new Member segments and grow revenue that it can reinvest back into the communities they serve.” Arizona-based… Read More

April 10, 2023 @ 6:32 pm By Omar Faridi  |  

Apptile, an SaaS startup specializing in no-code mobile app development, has secured $2.5 million in seed funding. The funds will be used “to launch Apptile’s innovative platform, allowing Shopify businesses to create customized, high-performance mobile apps without the need for coding or design experience.” The… Read More

April 10, 2023 @ 6:27 pm By Omar Faridi  |  

Cross River Bank, a technology infrastructure provider that offers embedded financial solutions, released its inaugural Corporate Social Responsibility Impact Report, celebrating the compassionate efforts of its Community Affairs team, its philanthropic arm, Foundation@ Cross River, and its employees over the last year. With a focus… Read More

April 10, 2023 @ 4:38 pm By Omar Faridi  |  

Repay Holdings Corporation (NASDAQ: RPAY), a provider of vertically-integrated payment solutions, today announced a new technology integration with Optima Global Solutions, a software and services firm specializing in providing IT consulting and digital transformation solutions. The integration will “enable Optima’s customers to further streamline accounts… Read More

April 10, 2023 @ 4:35 pm By Omar Faridi  |  

Nubank (NYSE: NU), one of the world’s largest digital financial services platforms, launched the campaign” “Those who have Nubank have more security and less concerns.” The action aims “to highlight the company’s security features, high technology, and data protection tools offered to more than 70… Read More

April 10, 2023 @ 4:22 pm By JD Alois  |  

Global private equity deal value and volume cratered in March as well as during the entire first quarter. According to S&P Global Market Intelligence, March PE deals vaporized – dropping by 37.1% year over year. During March 2023, $63.42 billion was raised in contrast to… Read More

April 10, 2023 @ 4:13 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has scheduled an open meeting for April 14, 2023, to consider reopening the comment period of the proposed changes. The SEC proposed amendments to Rule 3b-16 under the Exchange Act Regarding the Definition of “Exchange,” which could potentially impact… Read More

April 10, 2023 @ 3:54 pm By JD Alois  |  

Republic Note has launched on Republic, seeking a minimum raise of $360,000 and up to $2.02 million. The price per digital security is $0.36 with a minimum investment of $100 and a maximum amount of $60,0000. The security is being issued under Reg CF. As… Read More

April 10, 2023 @ 12:12 pm By JD Alois  |  

CI has once again reviewed the roster of FINRA-regulated funding portals to gauge the growth or decline of these platforms that provide online capital formation. Funding Portals were created under the JOBS Act of 2012 and typically list securities under Regulation Crowdfunding (Reg CF). This… Read More

April 10, 2023 @ 11:29 am By Omar Faridi  |  

TransPecos Banks, SSB – a Texas banking organization with locations in the TransPecos Region of West Texas and San Antonio – announced the launch of its extensive credit card offering in partnership with global payments and banking infrastructure provider Episode Six (E6). As a key… Read More

April 10, 2023 @ 10:40 am By JD Alois  |  

The demise of Silicon Valley Bank (SVB) left a big hole in the early-stage/private firm ecosystem. SVB was a favorite bank of VCs and hence the companies they invested in.  The failure of SVBs has exacerbated the already challenging funding environment for private firms that… Read More

April 10, 2023 @ 9:27 am By JD Alois  |  

FTX Exemplified hubris, incompetence, and greed. FTX CEO John J. Ray, III has filed his first interim report on the failure of FTX as the bankruptcy proceedings continue. Once one of the largest crypto exchanges in the world, led by high-profile founder and CEO Sam… Read More

April 10, 2023 @ 8:28 am By Omar Faridi  |  

Paysend, the card-to-card pioneer and international payments platform, is solidifying its money transfer services to Latin America by “enabling U.S. customers to send money to Latin America quickly, securely and for a low fee through transfers to bank accounts.” Since launching transfers to bank accounts… Read More

April 10, 2023 @ 8:27 am By Omar Faridi  |  

Canadian Web3 investment firm BitValue Capital announces a strategic partnership with IOST through a USD 10 million long-term investment aimed at “enhancing IOST’s mainnet capabilities and supporting the continuous development of its ecosystem.” BitValue Capital will also “play an advisory role,” helping IOST with the… Read More

April 10, 2023 @ 6:27 am By Omar Faridi  |  

Quantexa, a global firm focused on Decision Intelligence (DI) solutions for the public and private sectors, announced today that it has completed a $129 million Series E funding round. The latest investment round “secures the British tech company’s unicorn status with a valuation of $1.8… Read More

April 9, 2023 @ 11:57 pm By Omar Faridi  |  

In March, the total investments on Mintos saw “a surge of €90.7 million worth of Notes funded, with interest earned by investors amounting to €4.3 million.” This was largely “driven by a decrease in pending payments.” The average interest rate for March “was 12.6%, resulting… Read More