February 18, 2023 @ 3:57 pm By Omar Faridi  |  

ModernFi, which operates the first tech-enabled marketplace that allows banks to exchange deposits on demand, announced that it has “raised $4.5 million in seed funding.” The investment round was “led by Andreessen Horowitz with participation from industry leaders across tech, finance, and government.” ModernFi operates… Read More

February 18, 2023 @ 3:55 pm By Omar Faridi  |  

Tuum, the “next-generation” core banking platform, has announced the appointment of Edgardo Torres-Caballero as Chief Revenue Officer (CRO). The company is “seeing strong demand for its technology, with an Annual Recurring Revenue of almost 400% on last year.” The appointment is part of Tuum’s wider… Read More

February 18, 2023 @ 3:53 pm By Omar Faridi  |  

EBANX, a fintech company that specializes in international payments in rising markets, has been authorized by the Central Bank of Brazil (Bacen) “to offer a payment initiator service through Pix.” The PISP (Payment Initiation Service Provider) license “expands the range of services the global payments… Read More

February 18, 2023 @ 12:40 pm By JD Alois  |  

Paul Anthony Pierce, a former NBA pro and sports analyst, has agreed to settle with the Securities and Exchange Commission for promoting EMAX tokens on social media. As was previously reported, the same digital asset embroiled influencer Kim Kardashian who had to cough up a… Read More

February 18, 2023 @ 10:56 am By Omar Faridi  |  

Gate.io is now fully integrated with Copper.co’s ClearLoop solution. This integration will “serve as a mutual benefit to both parties, as institutional clients can utilize Copper.co’s technology to deploy capital on the exchange and trade immediately, while also maintaining independent custody of their funds with… Read More

February 18, 2023 @ 9:41 am By Omar Faridi  |  

Klarpay AG is pleased to announce that it has achieved profitability in its first operational year. The company claims that its profitability and the interest from venture capitalists “are a testament to its team’s hard work and dedication.” Klarpay notes that it is now “well-positioned… Read More

February 18, 2023 @ 9:10 am By Omar Faridi  |  

London-based Fintech Sikoia has successfully “raised $6m in seed funding, bringing its total capital raised to over $8.3m, including a pre-seed round from the previous year.” This milestone caps a solid year for Sikoia, which “saw the company grow its international client list, make key… Read More

February 17, 2023 @ 9:11 pm By Omar Faridi  |  

Fintech app Purpl – which is a digital wallet and an aggregator of remittance and cash out partners connecting Lebanon to the world, “allowing senders to send money to their loved ones back home at lesser cost and instantly – is going live having sealed… Read More

February 17, 2023 @ 5:19 pm By Omar Faridi  |  

Westpac will soon offer credit card customers the ability “to pay for purchases in four instalments, providing greater control and flexibility.” In the coming months, Westpac credit card customers will be able “to link their existing credit card to a new PartPay digital card, enabling… Read More

February 17, 2023 @ 5:18 pm By Omar Faridi  |  

LexisNexis Risk Solutions unveiled the findings of its Alternative Credit Data Impact Report, a nationwide survey “assessing the adoption, utilization and impact of alternative credit data for credit portfolio growth and management in consumer and small/mid-sized business (SMB) lending.” The report surveyed those who identify… Read More

February 17, 2023 @ 4:17 pm By Omar Faridi  |  

Nu Holdings Ltd. (NYSE: NU), one of the world’s largest digital financial services platforms, released its Fourth Quarter & Full Year 2022 financial results. Financial results are “expressed in U.S. dollars and are presented in accordance with International Financial Reporting Standards (IFRS).” The full earnings… Read More

February 17, 2023 @ 4:11 pm By Omar Faridi  |  

Market uncertainty and increased costs continue “to challenge small businesses, and many will rely on extended credit lines and loans to weather the current environment and grow their businesses,” according to an update from Mastercard (NYSE: MA). Mastercard is announcing that it has “added advanced… Read More

February 17, 2023 @ 2:17 pm By Omar Faridi  |  

As we look towards the future of crypto, 2023 presents Blockchain.com with an opportunity to build upon their success, “prepare for what’s ahead and — most importantly — continue to support their tens of millions of customers in over 150 countries.” To kick off this… Read More

February 17, 2023 @ 12:17 pm By Omar Faridi  |  

Visa Inc. (NYSE: V) announced new offers aimed “to help small and micro businesses (SMBs) accept digital payments, fine-tune their essential systems and save on the technology needed to grow and build business resilience.” With Visa SavingsEdge, eligible Visa Small Business cardholders can “unlock automatic… Read More

February 17, 2023 @ 11:17 am By Omar Faridi  |  

PARSIQ claims it has long been interested in creating a “bright” and sustainable future for Web3 technology. That’s why they claim to work so hard “to make accessing data, and monitoring blockchain activity as easy as possible for developers.” They’re pleased to announce their partnership… Read More

February 17, 2023 @ 10:46 am By JD Alois  |  

Cushon, a Seedrs portfolio company, was acquired by Natwest Group – announced this past week. NatWest is acquiring an 85% majority shareholding in Cushon with the company’s existing management retaining the remaining 15%. Cushon’s main products are a workplace ISA and a master trust pension…. Read More

February 17, 2023 @ 10:27 am By Omar Faridi  |  

Fluid Finance, a Fintech company headquartered in Geneva, has partnered with Sumsub, a global all-in-one verification platform, “to enhance user onboarding and ensure bulletproof fraud protection.” Fluid’s aim is “to create a new financial model by combining traditional and digital finance.” Strict compliance, Know Your… Read More

February 17, 2023 @ 10:19 am By JD Alois  |  

Last spring, HM Treasury, the Competition and Markets Authority (CMA), the Financial Conduct Authority (FCA), and the Payment Systems Regulator (PSR) collaborated to create the Joint Regulatory Oversight Committee as part of the UK Government’s commitment to boost open banking. This committee convened the Strategic… Read More

February 17, 2023 @ 9:37 am By JD Alois  |  

The Federal Reserve Bank of New York’s Center for Microeconomic Data has published its quarterly report on consumer credit and debit, delivering disconcerting news. According to the Fed report, credit card balances increased $61 billion in the fourth quarter to $986 billion, topping the pre-pandemic… Read More

February 17, 2023 @ 8:34 am By Omar Faridi  |  

DBS reported an 80% year-on-year growth in the number of Bitcoin (BTC) traded on the DBS Digital Exchange (DDEx) in 2022, and “a doubling in the number of BTC custodised with the bank’s digital asset custody solution.” The firm claims these business metrics “underscore the… Read More