January 11, 2023 @ 3:44 pm By Omar Faridi  |  

iCapital, the global fintech platform driving access to alternative investments for the wealth management industry, announced the appointment of Agnes Bundy Scanlan to the company’s board of directors, “effective January 1, 2023.” Ms. Bundy Scanlan “brings a wealth of experience from her 30-year career in… Read More

January 11, 2023 @ 12:26 pm By Omar Faridi  |  

TSB is warning that around a quarter (25%) of fraud victims could be “denied reimbursement under the Payment Systems Regulator’s proposed refund mechanism, due to be introduced next year.” TSB claims it has long-campaigned “for higher fraud protections across the banking industry – and in… Read More

January 11, 2023 @ 12:00 pm By JD Alois  |  

Quasar has raised $5.4m in a bridge round at a $70 million valuation, according to a note from the firm. The funding round was led by Shima Capital alongside returning investors Polychain Capital, Blockchain Capital, HASH CIB, and Osmosis founder Sunny Aggarwal. New investors include… Read More

January 11, 2023 @ 11:49 am By JD Alois  |  

A filing submitted yesterday to the bankruptcy court handling FTX has questioned the involvement of Sullivan & Cromwell as the bankruptcy counsel. The document claims that: “Sullivan & Cromwell is not only an inappropriate candidate for appointment as the FTX Group’s bankruptcy counsel—it is a… Read More

January 11, 2023 @ 10:57 am By JD Alois  |  

The sale of Voyager Digital has received preliminary approval by the courts thus clearing the way for Binance.US to acquire the assets of the bankrupt firm. Revealed last month, Binance.US announced the agreement for it to acquire Voyagers assets for approximately $1 billion. Binance.US’ bid… Read More

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

Windsor First and Currencycloud have announced a partnership on cross-border payments. Windsor First is a Hong Kong-based Fintech that aims to provide dedicated digital payment and remittance solutions for eCommerce and business. Currencycloud is a technology provider for payments and transfers that has processed more… Read More

January 11, 2023 @ 8:54 am By Omar Faridi  |  

40Seas, a Fintech platform for cross-border trade financing, has raised $111 million to deliver a much more efficient and cost-effective financing framework for SMEs involved in global commerce. The company’s $11 million seed funding round, “led by Team8 with participation from ZIM Integrated Shipping Services… Read More

January 11, 2023 @ 8:52 am By Omar Faridi  |  

HighRadius, which claims to be the global leader in Autonomous Finance Platforms for the Office of the CFO, announced their new office in Kraków, Poland. HighRadius is “headquartered in Houston, Texas, and this will be their fifth regional office in Europe, after London, Amsterdam, Frankfurt,… Read More

January 11, 2023 @ 8:48 am By Omar Faridi  |  

Tide, the UK’s business banking platform, has announced the appointment of Vinay Ramani to the new role of Chief Product Officer. Vinay will drive Tide’s vision “for its global product strategy, broaden Tide’s small business-focused offering in the UK and India, and progress Tide’s members’… Read More

January 10, 2023 @ 11:57 pm By JD Alois  |  

Apperio, a provider of legal spend analytics and matter-tracking software, has raised $7 million in a funding round led by VC Molten Ventures. Total funding for Apperio now stands at $19.9 million. Other investors in the round include Notion Capital, IQ Capital, Nextlaw Ventures, Volution,… Read More

January 10, 2023 @ 11:47 pm By Omar Faridi  |  

BNP Paribas announces a strategic investment in AccessFintech, which claims to be a leading fintech company “evolving the capital markets’ operating model through data and workflow collaboration.” The investment is being “made by BNP Paribas’s Securities Services unit, the bank’s post-trade arm.” It will “enable… Read More

January 10, 2023 @ 10:49 pm By Omar Faridi  |  

Nuvei Corporation (Nasdaq: NVEI), the Canadian fintech company, and Paya Holdings Inc. (Nasdaq: PAYA), a provider of integrated payment and commerce solutions in the U.S., announced that they have “entered into a definitive agreement whereby Nuvei will acquire Paya in an all-cash transaction at USD… Read More

January 10, 2023 @ 10:07 pm By Omar Faridi  |  

NorthOne is pleased to announce they’re breaking new ground in the Fintech space “by joining The Clearing House’s Real-Time Payments network in partnership with The Bancorp Bank, N.A.” With The Clearing House’s innovative Real-Time Payment network, NorthOne will help businesses “receive payments instantly 24 hours… Read More

January 10, 2023 @ 9:30 pm By Omar Faridi  |  

As many Canadians set their financial goals for the year ahead, CIBC announced the launch of CIBC Smart Planner, which is described as “an easy to use, self-serve digital tool that takes the complexity out of managing finances and offers personalized advice.” CIBC Smart Planner… Read More

January 10, 2023 @ 8:59 pm By JD Alois  |  

Y-Combinator alumni Pigeon is now available on both iOS and Android with its friends and family lending app. Founded by CEO Brian Bristol, he created Pigeon to create a tool to enable peer-to-peer lending between friends and family by automating the process of loaning money,… Read More

January 10, 2023 @ 8:52 pm By Omar Faridi  |  

TMX Group Limited announced that it has made a strategic investment in VettaFi Holdings LLC, a US-based, privately owned data, analytics, indexing, digital distribution, and thought leadership company. VettaFi cultivates a data-driven platform, “built to empower and educate the modern financial advisor, asset manager and… Read More

January 10, 2023 @ 8:46 pm By JD Alois  |  

Netcapital Inc. (Nasdaq: NCPL, NCPLW) has chosen company director Martin Kay as Chief Executive Officer, effective January 3, 2023. At the same time, Netcapital announced that Dr. Cecilia Lenk, CEO of the Company since 2017, will assume the position of CEO of Netcapital Advisors Inc.,… Read More

January 10, 2023 @ 8:29 pm By Omar Faridi  |  

Another enforcement shoe has dropped against a major crypto exchange with the announcement of a lawsuit by New York’s Attorney General against Celsius Network CEO/co-founder Alex Mashinsky. AG Letitia James accuses Mashinsky of “defrauding thousands of investors out of billions of dollars in digital funds,… Read More

January 10, 2023 @ 8:26 pm By Omar Faridi  |  

To provide an integrated framework that links user interfaces across products, global Fintech platform, Broadridge Financial Solutions, Inc. (NYSE:BR), announced it will utilize Glue42, a software provider that delivers integrated desktop experiences to financial institutions globally, “to deliver a seamless trading experience.” This move “brings… Read More

January 10, 2023 @ 5:57 pm By JD Alois  |  

Cameron Winklevoss, co-founder of the Gemini, has taken to Twitter once again to take Digital Currency Group (DCG) to task in regards to their relationship with DCG subsidiary Genesis. Last week, Winklevoss posted a letter on Twitter criticizing founder Barry Silbert and his DCG, hammering… Read More