October 19, 2022 @ 10:39 am By JD Alois  |  

Earlier this month, PayPal (NASDAQ:PYPL) was slammed for its authoritarian Acceptable Use Policy that was slotted to take effect next month. PayPal decided that it could charge users $2500 – per infraction – if they said or commented on anything PayPal did not concur. PayPal’s… Read More

October 19, 2022 @ 9:05 am By Omar Faridi  |  

We recently connected with Li Jun, Founder of Ontology, the project that claims it is bringing trust, privacy, and security to Web3 through decentralized identity and data solutions. Li Jun has commented on the key developments in the crypto and blockchain space following the Ethereum… Read More

October 19, 2022 @ 9:00 am By JD Alois  |  

Alviere, an embedded finance platform, is now the first fully licensed money transmitter in all 50 states as well as Puerto Rico, according to a note from the company. Many Fintechs pursue state-based licenses to offer services. This is a process that can take quite… Read More

October 19, 2022 @ 8:55 am By JD Alois  |  

Nubank (NYSE: NU) has announced the creation of its own cryptocurrency Nucoin. The digital asset is leveraging the Polygon blockchain network. Nubank claims the title of one of the largest financial services companies in the world. Last month, it reported that it had topped 70… Read More

October 19, 2022 @ 8:22 am By Omar Faridi  |  

UK-based open banking and request to pay Fintech firm Ordo has secured £10 million in a Series A round that was reportedly led by Equinox Systems. Established in 2018 by the former management team of the Faster Payments scheme, Ordo allows companies to request payments… Read More

October 19, 2022 @ 8:14 am By Omar Faridi  |  

Paytrix, an embedded payments company for “high-growth” vertical software platforms, announced that it has secured £5 million of new capital.” The investment round was “led by Hambro Perks, an international investment firm focused on private investing, alongside investment from Bain Capital Ventures, Fin VC, Better… Read More

October 18, 2022 @ 11:31 pm By Omar Faridi  |  

UK-headquartered payments Fintech, allpay Limited, have teamed up with Salt Edge, a key player in Open Banking services, to enable businesses to offer customers, including people with vulnerable financial situations, a convenient payment experience, being a part of the larger financial inclusion initiative of the… Read More

October 18, 2022 @ 11:17 pm By Omar Faridi  |  

Finastra recently announced that The Belize Bank Limited, one of the largest banks in Belize, providing retail, corporate and commercial banking services, “successfully migrated the business of Scotiabank (Belize) Limited onto the Fusion Essence core banking platform following an acquisition facilitated by its parent company,… Read More

October 18, 2022 @ 10:57 pm By Omar Faridi  |  

Karma, the fintech app that helps shoppers get what they want at the lowest price by scanning for coupons and getting price drop notifications, announced the launch of its innovative payment feature, Pay with Karma. The new embedded checkout “gives shoppers a simplified, one-swipe purchase… Read More

October 18, 2022 @ 10:30 pm By Omar Faridi  |  

HR and payroll services provider, SD Worx, is committed to making additional investments in people-based Fintech services for its clients by working with Modulr, the embedded payments platform that supports quicker payroll payments. Traditional Bacs payments for payroll usually take around three business days to… Read More

October 18, 2022 @ 7:03 pm By Omar Faridi  |  

Wio Bank PJSC, the region’s first platform bank, has announced a partnership with Stripe, a financial infrastructure platform for businesses, which will “enable SMEs in the UAE to access the power of e-commerce faster and more easily and conveniently.” Through this partnership, Wio Business, the… Read More

October 18, 2022 @ 7:01 pm By JD Alois  |  

Perch, a Canadian mortgage Fintech, has raised $4 million in Series A funding, according to a release. Perch raised $1 million in seed funding last October. Investors in the new round include Second Century Ventures (National Association of Realtors), Ontario Centre of Innovation, and B.E.S.T…. Read More

October 18, 2022 @ 6:45 pm By Omar Faridi  |  

bolttech, which claims to be one of the world’s “fastest-growing” international insurtech companies, announced Tokio Marine, alongside other shareholders, will “lead bolttech’s Series B funding round.” The investment round reportedly “values bolttech, Singapore’s only homegrown insurtech unicorn, at an up-round valuation of approximately US$1.5 billion,… Read More

October 18, 2022 @ 6:39 pm By JD Alois  |  

a16z (Andreessen Horowitz) has relaunched its Crypto Startup School (CSS), while expanding the program into a crypto accelerator, according to a blog post. a16z is one of the best-known VCs in Silicon Valley. While backing various industry sectors, including Fintech, a16z has emerged as a… Read More

October 18, 2022 @ 5:33 pm By JD Alois  |  

Landis, a rent-to-own-for-homes Proptech, has raised $40 million in a Series B funding round. The investment was led by GV (previously Google Ventures) with the participation of existing investors, including Sequoia Capital, Arrive (Jay Z), the National Association of Realtors Second Century Ventures, Operators Partners,… Read More

October 18, 2022 @ 5:13 pm By Omar Faridi  |  

Following Kraken’s listings of Altair (AIR), Basilisk (BSX), Bifrost (BNC), Karura (KAR), KILT (KILT), Kintsugi (KINT), Moonriver (MOVR), Phala (PHA) and Tokemak (TOKE) for most countries, Kraken is pleased to announce “the availability of these tokens for residents of the United States and Canada.” Funding… Read More

October 18, 2022 @ 3:20 pm By Omar Faridi  |  

Backbase’s entrepreneurial culture is driving organic growth across the world, in terms of revenue and customers, as the company’s mission “to re-architect banking around the customer through Engagement Banking is gaining global traction.” That culture, growth and mission were externally “validated by the €120 million… Read More

October 18, 2022 @ 12:26 pm By Omar Faridi  |  

Regulators in Texas are reportedly probing cryptocurrency platform FTX and company CEO Sam Bankman-Fried. The state securities regulator is looking into whether FTX has offered unregistered securities to Texas residents, which could potentially be a violation of state law. According to reports, Texas’ securities regulator… Read More

October 18, 2022 @ 11:33 am By JD Alois  |  

Web3 infrastructure provider ChainSafe Systems has raised USD $18.75 million in a Series A funding round that was reportedly oversubscribed. According to a release, the funding was led byRound13 with participation from new investors NGC Ventures, HashKey Capital, Sfermion, Jsquare, and returning investors ConsenSys, Digital… Read More

October 18, 2022 @ 10:34 am By JD Alois  |  

Republicans on the House Committee on Financial Services have sent a letter to SEC Chairman Gary Gensler criticizing his management of the securities regulator, specifically pointing to problems with proposed rules and receiving comments from the public. Earlier this month, the SEC announced that it… Read More