January 27, 2023 @ 10:55 am By Omar Faridi  |  

DailyPay has announced it has secured $260 million of capital to fuel growth domestically, expand internationally and further invest in product innovation. DailyPay is a Fintech that enables employees to access their earnings in real-time. The funding is “divided between revolving credit facility capacity provided… Read More

January 27, 2023 @ 10:46 am By Omar Faridi  |  

Starling Bank is starting the new year with “significant” achievements. The digital bank reveals that it “tops the Current Account Switch Service (CASS) leaderboard, is named Britain’s best current account by Finder.com, and makes the top ten in its debut entry to the UK Customer… Read More

January 27, 2023 @ 9:17 am By Omar Faridi  |  

Digital asset firm Gemini is pleased to announce the launch of electronic over-the-counter trading (eOTC), which is described as “a fully-automated crypto trading solution tailored to institutional counterparties worldwide, which will be offered through an affiliate of Gemini Trust Company, LLC (GTC).” Gemini eOTC offers… Read More

January 27, 2023 @ 9:02 am By Omar Faridi  |  

Copper.co, the provider of institutional digital asset custody and trading solutions, announces the appointment of Lord (Philip) Hammond of Runnymede, the former Chancellor of the Exchequer, as Chair. He takes up this role with “immediate effect.” Lord Hammond has “served as a Senior Adviser to… Read More

January 27, 2023 @ 8:45 am By JD Alois  |  

Fagura, a Fintech that aims to become the “first community digital bank in CEE for anyone to borrow, invest and transfer money,” has raised over €786,000 on Seedrs. According to the offering page, 287 investors backed the firm, which easily topped its €400,000 initial funding… Read More

January 27, 2023 @ 8:14 am By Omar Faridi  |  

Bitpanda, the European digital asset platform, is pleased to announce the launch of Bitpanda Technology Solutions, the “scalable” Investing-as a-service infrastructure available in Europe and globally. Already serving 20+ million customers with its initial White Label API, Bitpanda Technologies Solution is now “adding features, asset… Read More

January 27, 2023 @ 8:08 am By Omar Faridi  |  

US securities regulators are looking into the operations of investment advisers over crypto-asset custody. The US Securities and Exchange Commission (SEC) is examining the activities of registered investment advisers over whether they’re following applicable guidelines around custody of customer digital assets. This, according to sources… Read More

January 27, 2023 @ 6:17 am By Omar Faridi  |  

tado°, the European firm focused on intelligent home climate management, announces the completion of a new funding round of EUR 43 million and its plans to become profitable in 2023. In this investment round Trill Impact Ventures, Bayern Kapital, Kiko Ventures, and Swisscanto join as… Read More

January 26, 2023 @ 11:32 pm By Omar Faridi  |  

Neighborhood Ventures, which claims to one of the country’s largest real estate crowdfunding companies, announced the launch of NV REIT, its first nationwide offering which provides “a unique real estate investment opportunity to accredited and non-accredited, individual investors of all income levels.” Previously, participation in… Read More

January 26, 2023 @ 10:17 pm By Omar Faridi  |  

In 2022, global M&A activity “remained resilient despite harsh macroeconomic headwinds that persisted throughout the year,” according to an update from Pitcbbook. Compared with 2021, M&A value “declined 13.7% to $4.7 trillion but was strong relative to historic levels and marked its second-best year.” Pitchbook… Read More

January 26, 2023 @ 9:46 pm By JD Alois  |  

Dubai Investments PJSC, listed on the Dubai Financial Market [DFM], has acquired a 9% equity stake in Monument Bank Limited, a UK Based Digital Bank regulated by the Financial Conduct Authority (UK) and the Prudential Regulation Authority (UK). The terms of the deal were not… Read More

January 26, 2023 @ 9:29 pm By Omar Faridi  |  

One of the oldest types of commercial financing is now on-chain. Managed by AQRU, a subsidiary of listed firm AQRU plc, the receivables financing pool launches with Intero Capital Solutions LLC as the sole borrower. Uncorrelated with crypto markets and secured by the underlying receivables,… Read More

January 26, 2023 @ 9:26 pm By Omar Faridi  |  

Open Ecosystem RegTech provider, Konsentus, establishes its MENA regional base in the Kingdom of Saudi Arabia “to provide open data infrastructure and technology services to regulators and financial services providers in the Kingdom and surrounding territories.” The team is “led by Managing Director MENA, Konsentus,… Read More

January 26, 2023 @ 5:26 pm By Omar Faridi  |  

In order to get a better understanding of the current state of the industry, the Ferrum Network team conducted a survey “to gather insights from participants about their involvement in and views on Web3.” In order to get a better understanding of the current state… Read More

January 26, 2023 @ 5:23 pm By JD Alois  |  

  Simon Khalaf has been appointed as Marqeta’s (NASDAQ:MQ) new CEO, effective January 31, 2023. Previously Marqeta’s Chief Product Officer, Khalaf will also be joining Marqeta’s board of directors. Marqeta’s founding CEO Jason Gardner will now become the Executive Chairman of Marqeta. Gardner was previously… Read More

January 26, 2023 @ 3:38 pm By Omar Faridi  |  

The Citco group of companies has moved to streamline the client onboarding and Know Your Customer (KYC) processes after agreeing to a deal with digital transformation business, Fenergo, “to integrate its client lifecycle management (CLM) platform across Citco.” Citco, which claims to be one of… Read More

January 26, 2023 @ 3:22 pm By JD Alois  |  

The UK government created the Future Fund to provide access to capital to early-stage firms which were most likely unable to access debt capital during the COVID-19 health crisis. The fear was that a generation of innovative young firms would disappear as markets contracted and… Read More

January 26, 2023 @ 2:52 pm By Omar Faridi  |  

Over the last 30 years, financial crime has increasingly become “a concern to governments around the world,” according to an update from Juniper Research. Today, there is widespread recognition that “economically motivated crime poses a long-term threat to the stability and development of societies’ economies… Read More

January 26, 2023 @ 2:50 pm By Omar Faridi  |  

Injective, a blockchain specifically designed for building financial applications, announced a new $150 million ecosystem initiative “to further accelerate the adoption of interoperable infrastructure and DeFi.” Injective claims  it is the first fully decentralized smart contracts platform “optimized for building finance applications.” Injective was “created… Read More

January 26, 2023 @ 1:05 pm By JD Alois  |  

Earlier this month, the House Financial Services Committee announced the chairs of each subcommittee. New to the mix is the Subcommittee on Digital Assets, Financial Technology, and Inclusion.  Committee Chairman Patrick McHenry selected French Hill of Arkansas to Chair this newly minted subcommittee. In a… Read More