November 11, 2022 @ 4:27 pm By Omar Faridi  |  

TrueAccord Corp, a debt collection company using machine learning-powered digital recovery solutions to improve consumer experience, announced it “joined the Visa Fintech Partner Connect program.” Through Visa Fintech Partner Connect, TrueAccord “is Visa Ready certified.” This certification helps technology companies “build and launch payment solutions… Read More

November 11, 2022 @ 4:10 pm By JD Alois  |  

Biz2Credit says loan approvals for small businesses declined in October. The Biz2Credit Small Business Lending Index reports that approval percentages from big banks declined from 14.9% in September to 14.7% in October. This is said to be the lowest percentage since February of this year…. Read More

November 11, 2022 @ 3:50 pm By JD Alois  |  

SEBA Bank, a regulated entity based in Switzerland, has been recognized as offering the ETP of the Year at the Swiss ETF Awards 2023. The bank’s SEBA Crypto Asset Select Index ETP (SEBAX) was acknowledged for the award. Founded in April 2018, SEBA Bank offers… Read More

November 11, 2022 @ 3:40 pm By Omar Faridi  |  

Binance Labs, the venture capital arm and accelerator of Binance, has “selected 12 top-performing projects for season 5 of its accelerator program.” The new season “officially kicked off on November 7.” The biannual and “chain-agnostic” Binance Labs Incubation Program “offers a 8-week curriculum tailored to… Read More

November 11, 2022 @ 3:34 pm By Omar Faridi  |  

Given the current discussion regarding solvency, the team at Kraken wanted to explain the systems they have in place “to ensure that assets on [their] exchange are readily available to you at any time and especially during times of uncertainty.” First, it is important to… Read More

November 11, 2022 @ 10:59 am By JD Alois  |  

The Federal Reserve Bank of New York, New York Innovation Center (NYIC), and the Monetary Authority of Singapore (MAS) have announced a partnership aimed at experimenting with Central Bank Digital Currency (CBDC) to improve the efficiency of cross border wholesale payments using multiple currencies. The… Read More

November 11, 2022 @ 10:49 am By Omar Faridi  |  

The team at Gemini noted that they’re pleased to announce that their platform will “expand its Greater Seattle Area presence in 2023, with plans to increase the number of employees based in our Bellevue downtown office from 28 to over 125.” There are currently 100+… Read More

November 11, 2022 @ 10:09 am By JD Alois  |  

In an action that should come as no surprise, FTX (International), along with its affiliated firms, including FTX.us and Alamada Research, has filed for bankruptcy protection. The news was revealed via Twitter in FTX’s main account. What was once the 2nd largest crypto exchange in… Read More

November 11, 2022 @ 7:53 am By Omar Faridi  |  

Blnk, a fintech startup that enables instant consumer credit in Egypt, has “raised $23.7 million in equity and debt funding, and $8.3 million in securitized bond issuance to accelerate financial inclusion within underserved communities across the country.” The funds will support “further development of Blnk’s… Read More

November 11, 2022 @ 7:47 am By Omar Faridi  |  

European investment platform Bondora reveals that October made solid gains in the origination and investment front. Especially when considering “the declines from September.” Investment funding via Bondora “increased by 21.3% to over €14M.” And loan originations “exceeded €15M.” Secondary Market activity “increased once again, and… Read More

November 10, 2022 @ 11:47 pm By JD Alois  |  

Perspective on the FTX disaster has been filtering in as more details surface. Below are several recently received observations from various industry insiders. Alex Adelman, CEO & Co-founder of Lolli – a Bitcoin rewards app, says the implosion of FTX has “irrevocably changed the crypto… Read More

November 10, 2022 @ 11:01 pm By Omar Faridi  |  

Bitso, the cryptocurrency platform in Latin America, with more than 6 million users, “will enable users of its app from the entire region who travel to Argentina to pay for their purchases with crypto through QR, a very widespread payment method in the country.” This… Read More

November 10, 2022 @ 10:27 pm By Omar Faridi  |  

TRM Labs, a blockchain intelligence company, has announced a $70 million expansion to the company’s Series B funding round, “bringing the raise to $130 million in total.” The investment round was “led by Thoma Bravo, a leading software investment firm, with participation from Goldman Sachs… Read More

November 10, 2022 @ 9:58 pm By Omar Faridi  |  

Brightside, the financial care platform for employers, announced it has raised $33 million in Series B funding. The investment round was “led by Obvious Ventures, with participation from existing investors Andreessen Horowitz (a16z) and Trinity Ventures, as well as Clocktower Technology Ventures and Chestnut Street… Read More

November 10, 2022 @ 9:47 pm By Omar Faridi  |  

Agent IQ, a provider of digital customer engagement solutions specializing in making financial services more personal again, announced that it has raised $10 million in Series A funding. The investment round was “led by Mendon Venture Partners and included participation from renowned VCs Acronym VC… Read More

November 10, 2022 @ 9:03 pm By Omar Faridi  |  

Tonik, the Philippines’ first neobank, continues “to accelerate financial and credit inclusion with the launch of its two new lending products, Flex Loan and Big Loan.” Building on the success of its all-digital savings portfolio and successful launch of its first lending product, Quick Loan,… Read More

November 10, 2022 @ 8:19 pm By Omar Faridi  |  

Cash, check or charge? How “quaint.” The way we move money — and what we consider money — has “changed dramatically over the last decade,” according to an update from Mastercard (NYSE: MA). The use of cash is “declining, and personal checks are largely on… Read More

November 10, 2022 @ 5:09 pm By Omar Faridi  |  

Gate.io, which claims to be one of the world’s “earliest” and “largest” cryptocurrency exchanges, has officially launched Gate Pay, a crypto-based payment product. Gate.io believes that, “with a larger purpose to bridge the divide between blockchain and everyday life, cryptocurrencies will assume the basic and… Read More

November 10, 2022 @ 4:28 pm By JD Alois  |  

Securrency, a Fintech – Regtech in the digital asset sector, has partnered with Unqork, a “codeless as a service platform,” to offer a digital asset solution for private markets. According to a corporate statement, the goal is to provide financial institutions and others with everything… Read More

November 10, 2022 @ 4:15 pm By Omar Faridi  |  

Society Pass Incorporated (SoPa) (Nasdaq: SOPA), Southeast Asia’s data-driven fintech and e-commerce ecosystem, announced the establishment of a strategic cryptocurrency payment partnership with Canada-based CoinSmart Financial Inc, a Toronto-headquartered crypto asset trading platform. Under this paradigm-shifting collaboration, SmartPay by CoinSmart “provides transaction settlement services in… Read More