January 26, 2023 @ 12:06 pm By Omar Faridi  |  

Milo, a financial technology company that is reimagining the way crypto and global consumers access financial solutions, announced the launch of its new crypto loan product. This launch means that digital asset-holders will now have the opportunity “to use their cryptocurrency as collateral to access… Read More

January 26, 2023 @ 12:01 pm By JD Alois  |  

Online lender Accelerated Payments has announced topping the €1 billion worth of invoice financing milestone. Based in Ireland, Accelerated Payments claims to be of the fastest-growing Fintechs in the world, with offices in Europe, the UK, Canada, and the USA. Accelerated Payments provides a solution… Read More

January 26, 2023 @ 11:35 am By JD Alois  |  

Wise (formerly dba as Transferwise) (LSE:WISE) has announced 15 new partners, in four different markets, to start 2023. In total, Wise now claims 60 partners globally. Wise shares that almost 10 million new customers gained access to Wise, via the Wise Platform, in 2022 alone…. Read More

January 26, 2023 @ 11:10 am By JD Alois  |  

The DNB considers the non-compliance to be very severe. The Dutch Central Bank (De Nederlandsche Bank or DNB) has fined Coinbase Europe Limited €3,325,000. The administrative penalty was assessed as Coinbase (NASDAQ:COIN) had been providing digital asset services in the Netherlands without registration and thus… Read More

January 26, 2023 @ 10:47 am By JD Alois  |  

Payments and infrastructure Fintech Airwallex is expanding into Lithuania, according to a note from the firm. Airwallex currently operates in 19 locations around the world, including a presence in Asia Pacific, Europe, the UK and North America. Airwallex employes approximately 1200 individuals. After its last… Read More

January 26, 2023 @ 8:56 am By Omar Faridi  |  

We recently caught up with Girts Straujums, CEO of WeavePay, a UK-based payment platform that helps businesses go borderless. Girts Straujums talked about the issues facing Fintech platforms and how certain customer needs are still not being met. Straujums also shared the main reasons why… Read More

January 26, 2023 @ 8:23 am By Omar Faridi  |  

London-based Emperia has raised $10 million. Concept Ventures are pleased to share that Concept portfolio company Emperia has raised a $10 million Series A investment round “led by Base10 Partners, joined by Concept Ventures, Daphni, Sony Ventures, Background Capital, Bliss Growth & Stanford Capital Partners… Read More

January 26, 2023 @ 8:21 am By Omar Faridi  |  

Smart Pension, which claims to be one of the UK’s leading workplace pension providers, announces the launch of three new fully sustainable lifestyle strategies “with different growth fund options: the Smart Sustainable Growth Core Fund, Smart Sustainable Growth Fund (the Smart Pension default fund) and… Read More

January 26, 2023 @ 8:19 am By Omar Faridi  |  

Digital asset exchange Luno will reportedly be cutting 35% of Its staff. Luno’s management stated that the upcoming job cuts will impact company workers in all supported regions. Luno is part of the Digital Currency Group (DCG) and reports having over ten million customers globally…. Read More

January 26, 2023 @ 8:16 am By Omar Faridi  |  

Klarna, which claims to be the global leader in the generational shift away from credit cards,  announced the launch of Money Story in the US Klarna App – “a personal spending summary of 2022 that provides millions of consumers with useful insights into their spending… Read More

January 25, 2023 @ 11:40 pm By JD Alois  |  

SongBits.com is a new platform that is planning to launch later this year that will allow users to invest in “a bit of a song from world-class artists.” Investors may then share in the song’s streaming revenues for life, according to the company. A private… Read More

January 25, 2023 @ 10:37 pm By Omar Faridi  |  

Young Brazilians already “demonstrate mastery of basic concepts of financial education and how to spend money thinking about the future,” according to an update shared by C6 Bank. The most recent survey by C6 Bank/Datafolha indicated, for example, “that 50% of boys and girls aged… Read More

January 25, 2023 @ 8:44 pm By Omar Faridi  |  

Tabby, one of MENA’s shopping and financial services apps, has raised $58 million from Sequoia Capital India, STV, PayPal Ventures, Mubadala Investment Capital, Arbor Ventures and Endeavor Catalyst in a Series C round which values the company at $660 million. The fundraise will be used… Read More

January 25, 2023 @ 8:22 pm By Omar Faridi  |  

Newly launched Filipino digital bank GoTyme Bank has partnered with global cloud banking platform Mambu in order “to deliver an innovative digital banking solution that is aiming to improve access to high quality financial services for Filipinos.” Singapore-based Tyme Group, which has partnered with Gokongwei… Read More

January 25, 2023 @ 8:17 pm By Omar Faridi  |  

Nubank (NYSE: NU) has launched a new functionality that allows customers to view, within the Nu application, the balance of all their bank accounts linked to Open Finance. The tool is still “in the testing phase, and will initially be offered to 300,000 customers that… Read More

January 25, 2023 @ 7:31 pm By Omar Faridi  |  

Merchant commerce omnichannel company, Pine Labs announced that it has acquired a proprietary enterprise platform from Bengaluru-based Saluto Wellness Private Limited. This acquisition will “boost the capabilities of Pine Labs’ Issuing Business under the Qwikcilver brand, enabling it to strengthen its offerings across employee rewards… Read More

January 25, 2023 @ 7:26 pm By Omar Faridi  |  

Decentralized finance (DeFi) builds on distributed ledger technologies (DLT) “to offer services such as trading, lending and investing without using a traditional centralized intermediary,” according to finding shared by the Bank for International Settlements (BIS). The fact that DeFi components can be programmed “may open… Read More

January 25, 2023 @ 7:15 pm By JD Alois  |  

LendingClub (NYSE:LC), a top digital bank and online lending platform, has posted Q4 earnings along with full-year 2022 results today after the market close. The results were effectively in line with LendingClub’s pre-release of results earlier this month. At that time, LendingClub announced that it was… Read More

January 25, 2023 @ 6:51 pm By Omar Faridi  |  

Intercontinental Exchange, Inc. (NYSE: ICE), a global provider of data, technology, and market infrastructure, announced the launch of ICE Digital Trade Documents (ICE DTD) for the energy industry, a configurable solution “digitizing post-trade and shipping processes for physically delivered commodities including oil, gas and petrochemicals.”… Read More

January 25, 2023 @ 6:17 pm By Omar Faridi  |  

UAE-based Alaan, the spend management platform for Middle Eastern businesses, announced that it has raised $4.5 million pre-Series A funding, “backed by Presight Capital, Y Combinator, and angel investors.” Together with the $2.5 million seed round last year, Alaan has “raised a total of $7… Read More