January 25, 2023 @ 5:29 pm By Omar Faridi  |  

Sandbar, a provider of anti-money laundering, fraud, and counter-terrorism risk detection software, announced the availability of its product and a $4.8 million seed investment led by Lachy Groom and Abstract Ventures. Other participating investors “include BoxGroup, as well as more than 45 angel investors including… Read More

January 25, 2023 @ 5:27 pm By Omar Faridi  |  

Eventus, a global provider of multi-asset class trade surveillance and market risk solutions, announced today that cryptocurrency derivatives exchange Deribit has “selected the firm’s Validus platform to provide market abuse monitoring on the exchange.” Headquartered in Panama City, Panama, Deribit claims it is among the… Read More

January 25, 2023 @ 3:00 pm By Omar Faridi  |  

Managing compliance risks can feel intimidating, “especially because identity crime and fraud attempts jumped by 36% in 2021 relative to 2020,” according to the Identity Theft Resource Center. As global regulations and accessibility increase, so do compliance risks. To ensure secure operations and offer a… Read More

January 25, 2023 @ 11:57 am By JD Alois  |  

The French Autorité des Marchés Financiers (AMF) has posted a comment on its website commenting on investment crowdfunding. The AMF notes to change to online capital formation under EU harmonized rules or European Crowdfunding Service Providers Regulation (ECSPR). The AMF explains: Crowdfunding: a regime undergoing… Read More

January 25, 2023 @ 10:42 am By JD Alois  |  

Ginman, a Germany-based Robo-advisor, is looking to expand into digital assets, according to a note from the firm. Ginman historically has focused on equities – more specifically, ETFs or exchange-traded funds. As it seeks to add digital assets as an investment option, Ginman has added… Read More

January 25, 2023 @ 9:29 am By Omar Faridi  |  

In a report titled, Monitoring the Currents of the Crypto Market, Matías Andrade and Kyle Waters from Coinmetrics noted that the digital asset market is “experiencing a surge in activity as we kick off the new year. The update from Coinmetrics points out that Bitcoin… Read More

January 25, 2023 @ 9:19 am By Omar Faridi  |  

The United Kingdom has consistently taken a strong position on cybersecurity, “recognizing the need to drive awareness and responsiveness on a national scale,” according to an update from Hypr, the passwordless service provider. It reportedly “established the National Cybersecurity Centre in 2016, has among the… Read More

January 25, 2023 @ 9:08 am By Omar Faridi  |  

Tranch, a buy now pay later (BNPL) platform for SaaS sellers and services providers, has raised $100 million in seed equity and debt funding “to bring payment flexibility to a wider pool of B2B customers.” The investment round was “led by Soma Capital (New York-based… Read More

January 25, 2023 @ 8:37 am By Omar Faridi  |  

2022 was an impactful year in “the fight against ransomware,” according to an update from Chainalysis. Ransomware attackers extorted “at least $456.8 million from victims in 2022, down from $765.6 million the year before.” As always, they have to caveat these findings by noting “that… Read More

January 25, 2023 @ 8:28 am By Omar Faridi  |  

Criminals have always found efficient ways “to launder the proceeds of their crimes and avoid increasingly stringent anti-money laundering regulations,” according to an update from CertiK. One such technique, uncovered by CertiK, poses “a direct threat to Web3 projects.” Criminal organizations are using this scheme… Read More

January 25, 2023 @ 6:17 am By JD Alois  |  

QuickNode, a company that claims to provide the “most performant, scalable, reliable blockchain node infrastructure on earth,” has raised $60 million in a Series B round. Nontable Fintech VC QED Investors participated in funding the Miami-based firm, which was led by 10T. The firm was… Read More

January 24, 2023 @ 11:37 pm By JD Alois  |  

CrowdProperty says it has recently undertaken a review of the rates of return offered on their first-charge secured property development projects as part of CrowdProperty’s ongoing commitment to platform investors. Following the review, CrowdProperty has boosted rates of returns for new projects launched on the… Read More

January 24, 2023 @ 11:20 pm By JD Alois  |  

Plum, a smart money app, has expanded services into in five new European countries including Italy, Portugal, the Netherlands, Greece, and Cyprus. Plum has been available in the UK, France, Spain, Ireland and Belgium. Founded in 2016 by Victor Trokoudes, Plum automates parts of personal… Read More

January 24, 2023 @ 10:20 pm By Omar Faridi  |  

Touch ‘n Go Group, via the Touch ‘n Go eWallet, has formed a strategic partnership with Visa, the world’s leader in digital payments, in order “to launch the first corporate social responsibility (CSR)-linked Visa prepaid card in Malaysia.” The design of the new Visa card… Read More

January 24, 2023 @ 10:11 pm By JD Alois  |  

Former Plaid product leader Victor Umunze is launching Wafi, a payment-processing platform. Wafi is described as a “next generation” bank payment processing provider that is simple and cost-effective. The new platform is said to eliminate redundant entities in the payment processing flow, generating cost savings… Read More

January 24, 2023 @ 10:05 pm By Omar Faridi  |  

Binance Pay, a cryptocurrency payment service powered by Binance, announced its partnership with DT One, a B2B micropayments platform. DT One is powering cross-border transfers of mobile top-ups, data bundles, gaming pins, and gift cards. This partnership will “enable more than 90 million Binance users… Read More

January 24, 2023 @ 10:00 pm By JD Alois  |  

The New York State Department of Financial Services (NYDFS) has issued updated guidance for firms engaged in the crypt or “virtual asset” sector. NYDFS created a path for regulating digital asset firms fairly early on in the emergence of crypto. The announcement issued yesterday aims… Read More

January 24, 2023 @ 9:44 pm By Omar Faridi  |  

Paysafe (NYSE: PSFE), a payments platform, announced its expansion into the new Ohio online sports-betting market after entering the Maryland iGaming space in Q4 2022. Paysafe is now “powering play safely for a range of sportsbooks in the Midwestern state by providing their players with… Read More

January 24, 2023 @ 9:40 pm By Omar Faridi  |  

PhonePe, one of India’s largest Fintech platforms, announced it has raised $350 million in funding from General Atlantic, a global growth equity firm, at a pre-money valuation of $12 billion. Marquee Global and Indian investors are also participating in the investment round. The investment marks… Read More

January 24, 2023 @ 9:38 pm By Omar Faridi  |  

Ascendant, an international provider of cross-border business payment solutions and a financial technology company, announced that Battery Ventures, a global, technology-focused investment firm, has agreed “to make a significant investment in the company.” Once closed, the new investment will “make Battery Ventures the primary investor… Read More