October 12, 2022 @ 12:47 pm By Omar Faridi  |  

The team at Payable reveals that they’ve raised $6.1 million in order to build a payment operations platform so companies “stop using EBICs, bank files and spreadsheets to move and reconcile money.” With Payable, you can “connect your banks and automate payments from initiation to… Read More

October 12, 2022 @ 11:57 am By JD Alois  |  

Grayscale Investments, a large digital asset manager with listed products trading on OTC Markets, has sued the Securities and Exchange Commission (SEC) due to the agency’s refusal to approve a Bitcoin-based Exchange Traded Product (ETP) or spot Bitcoin ETF. According to a release, Grayscale filed… Read More

October 12, 2022 @ 11:36 am By JD Alois  |  

SettleMint, a low-code platform for blockchain app development, has raised €16 Million in a Series A round led by Molten Ventures and OTB. Other investors include, Fujitsu Ventures, Allusion, and Bloccelerate and existing investor Medici Ventures. Settlement aims to remove the complexity currently intrinsic to… Read More

October 12, 2022 @ 11:23 am By JD Alois  |  

Nickels, a Michigan-based Fintech, has raised $4 million in Seed funding in a round led by Flyover Capital and Reseda Group, with participation from Detroit Venture Partners and Michigan Rise, according to a company statement. Nickels is a firm that provides a white-labeled product to… Read More

October 12, 2022 @ 10:19 am By Omar Faridi  |  

Railsr, the embedded finance experience platform, has chosen SurePay as its UK Faster Payments (UKFP) Confirmation of Payee (CoP) vendor in order to assist its clients with combatting fraudulent activities and misdirected payments carried out in the United Kingdom. With SurePay, Railsr may now take… Read More

October 12, 2022 @ 10:17 am By Omar Faridi  |  

Talent Protocol, the web3 professional community for high-potential builders, has acquired Agora Labs, a social token and NFT infrastructure platform for creators “to build and scale their communities.” The acquisition will not only “integrate Agora’s tech stack and community into Talent Protocol, but also onboard… Read More

October 12, 2022 @ 10:10 am By JD Alois  |  

The periodic report assessing teen trends produced by Piper Sandler has been distributed this past week. While skipping over digital payment preferences, as outlined in their previous report, the authors did address the crypto trends of teens. The research surveyed 14,500 teens across the country… Read More

October 12, 2022 @ 9:25 am By JD Alois  |  

Zerion, a non-custodial crypto wallet, has raised $12.3 million in Series B funding. The round was led by Wintermute Ventures. Additional include Placeholder, Mosaic, Polymorphic Capital, Coinbase Ventures, and Alchemy Ventures. 1inch Network’s Sergej Kunz, Anton Bukov, and Orest Gavryliak also participated alongside Yunt Capital… Read More

October 12, 2022 @ 8:37 am By Omar Faridi  |  

Bluevine, which claims to be the leading provider of holistic banking solutions designed for small businesses and Heard, the financial back-office for therapists in private practice, announced a partnership in order “to provide business checking to mental health professionals.” COVID saw “a twenty percent rise… Read More

October 12, 2022 @ 8:13 am By Omar Faridi  |  

BNP Paribas (EPA: BNP) is pleased to announce the signature of an agreement for the acquisition of Kantox, a Fintech for the automation of currency risk management. FT Partners advised Kantox on its sale to BNP Paribas. Kantox’s software solution has “managed to successfully re-bundle the… Read More

October 12, 2022 @ 8:11 am By Omar Faridi  |  

MarketFinance, which claims to be one of the leading fintech credit and payments companies, has secured a £30 million credit facility from Viola, the Israeli technology investment group, in order “to expand its B2B Pay Later embedded finance offering for SMEs.” Available in Sterling, US… Read More

October 11, 2022 @ 11:29 pm By Omar Faridi  |  

The OECD delivered a new global tax transparency framework “to provide for the reporting and exchange of information with respect to crypto-assets.” The Crypto-Asset Reporting Framework (CARF) “responds to a G20 request that the OECD develop a framework for the automatic exchange of information between… Read More

October 11, 2022 @ 10:57 pm By Omar Faridi  |  

LuLu Financial Group – which claims to be one of UAE’s leading financial services company, has joined hands with Wio Bank – the region’s “first” platform bank to allow Wio Business customers “to make account deposits through its network of LuLu Exchange branches.” The partnership… Read More

October 11, 2022 @ 10:39 pm By Omar Faridi  |  

Citi Treasury and Trade Solutions announced its intent to launch “24/7 Clearing” as a service to its financial institution clients, “beginning with 24/7 USD Clearing in Q4 2022.” This new service is “designed to enable Citi’s clients to make USD payments across Citi’s 1,500 financial… Read More

October 11, 2022 @ 10:27 pm By Omar Faridi  |  

Since launching regulated and secure BTC trading in 2015, Gemini says it has been a passionate supporter of Bitcoin and the blockchain ecosystem. Importantly, Gemini provided grants and sponsorships through the Gemini Opportunity Fund to various groups “supporting the Bitcoin Network, including Bitcoin Developers.” In… Read More

October 11, 2022 @ 9:43 pm By Omar Faridi  |  

Zetl and Netbank, (a Rural Bank), inc. have partnered in order “to provide an innovative approach to SME financing in the Philippines.” Under this partnership, Zetl will “identify ‘asset light’ SMEs with a regular and guaranteed income stream, seeking funding.” Netbank will “provide loans to… Read More

October 11, 2022 @ 9:25 pm By Omar Faridi  |  

The volume, velocity and complexity of today’s sanctions screening landscape require “extraordinary” vigilance, backed by analytics and data orchestration that “empower always-on monitoring and immediate action.” To meet these modern-day thresholds, Paris-based Orange Bank teamed with SAS and Neterium “to achieve real-time sanctions screening in… Read More

October 11, 2022 @ 9:08 pm By Omar Faridi  |  

Mamo, a UAE-based FinTech and financial services platform for SMEs, has been granted regulatory approval “to operate from Dubai International Financial Centre (DIFC), the global financial center  in the MENA and Asia region.” The license has been “granted by the Dubai Financial Services Authority (DFSA),… Read More

October 11, 2022 @ 6:29 pm By JD Alois  |  

Novi was a digital wallet project launched by Meta (Facebook) that first intended to support Meta’s digital currency initiative Diem (originally called Libra). Diem eventually fell apart due to many different reasons, not to mention tons of global pushback from policymakers. Novi could have operated… Read More

October 11, 2022 @ 5:56 pm By Omar Faridi  |  

The protections and purchasing power of contactless payments took a step forward as Mastercard (NYSE: MA) announced the approval of the first cards for issuers that are compatible “with the new EMVCo contactless specifications designed to protect against attacks from both traditional and quantum computers.” Quantum… Read More