August 22, 2022 @ 10:07 pm By Omar Faridi  |  

Pie Insurance, an Insurtech company specializing in workers’ comp insurance for small businesses, recently appointed two executives to its leadership team. Ekta Aggarwal joins the company “as chief product officer” and Erin Mesick joins “as vice president of finance.” Both Aggarwal and Mesick will “leverage… Read More

August 22, 2022 @ 10:01 pm By Omar Faridi  |  

Supplier Success, a supplier finance and corporate diversity consultancy, and C2FO, which claims to be the world’s largest platform for working capital, recently announced they have entered into a strategic partnership. This partnership “combines Supplier Success’s expertise in supporting diverse-owned businesses and ethical/sustainable (ESG) strategy… Read More

August 22, 2022 @ 9:57 pm By Omar Faridi  |  

Neobank Chime is pleased to announce the promotion of several of its executive leadership team members “in the areas of people, customer experience, and technology.” The following leaders will now be officers of the company. Their promotions “are evidence of their contributions and impactful work… Read More

August 22, 2022 @ 9:54 pm By Omar Faridi  |  

UnionBank continues the digital transformation of its wealth management business with the Avaloq Core Platform. This will “help the bank to stay ahead of the technology curve as the financial industry continues to digitalize in the pursuit of greater efficiency and innovation.” Avaloq is “implementing… Read More

August 22, 2022 @ 9:29 pm By Omar Faridi  |  

It would be an understatement to say that the past couple years have been disruptive for businesses, the Razorpay team noted in a blog post. The pandemic led to major changes in consumer behavior and businesses had to adapt to the new environment and “new… Read More

August 22, 2022 @ 9:12 pm By Omar Faridi  |  

Cowbell Cyber, a provider of cyber insurance for small and medium-sized enterprises, recently announced the addition of Julia Cederroth as senior director of reinsurance. This new position “empowers policyholders by helping to build cyber resiliency and close insurability gaps as part of Cowbell’s reinsurance solutions.”… Read More

August 22, 2022 @ 8:39 pm By Omar Faridi  |  

W3 Storage Lab, a Web3 “decentralized” application company, announced that it closed a pre-seed financing round of $3 million. The investment round was “co-led by Draper Dragon and OKX Blockdream Ventures with major participation from Lingfeng Capital and participation from other investors.” Proceeds from the… Read More

August 22, 2022 @ 5:25 pm By JD Alois  |  

Earlier this year, Robinhood (NASDAQ:HOOD) made a big announcement regarding expanding services across the Atlantic. The social investment platform announced the acquisition of Ziglu in the UK – an FCA-regulated e-Money platform and crypto asset provider. All subject to regulatory approval, of course. A few days… Read More

August 22, 2022 @ 4:56 pm By JD Alois  |  

Tamara, a Saudi Arabia-based buy now- pay later (BNPL) provider, has raised $100 million in Series B funding, according to multiple reports. Tamara operates in Saudi as well as the UAE and Kuwait. Tamara is said to be the first BNPL to make its way… Read More

August 22, 2022 @ 4:08 pm By JD Alois  |  

The Financial Services Commission of Korea has issued a warning to 16 unregistered “Virtual Asset Service Providers” or VASPs – the term utilized by the FATF for crypto exchanges. According to a statement by the Commission, the Korea Financial Intelligence Unit (KoFIU) has notified 16… Read More

August 22, 2022 @ 3:03 pm By Omar Faridi  |  

Banks using TSYS’ VPP now have “a powerful new spend management tool” thanks to Extend Enterprises, Inc. As noted in the update, charge volume on virtual cards is “expected to grow from $1.9 trillion to $6.8 trillion by 2026.” But perhaps more surprising is that… Read More

August 22, 2022 @ 2:46 pm By JD Alois  |  

The Federal Deposit Insurance Corporation (FDIC) has issued a unique Cease and Desist statement telling five crypto firms to stop making misleading claims regarding deposit insurance. According to the FDIC, these five firms were each the recipient of a C&D letter: Cryponews.com Cryptosec.info SmartAsset.com FTX.US… Read More

August 22, 2022 @ 2:18 pm By Omar Faridi  |  

Web3 venture studio SuperLayer is announcing a $25 million fund “led by anchor investor and strategic partner Polygon, an Ethereum scaling platform onboarding millions to Web3.” SuperLayer is “a Web3 venture studio founded by early pioneers in blockchain, gaming, and social tokens who are applying… Read More

August 22, 2022 @ 11:37 am By JD Alois  |  

Digital asset investment products saw outflows last week totaling $9 million last week with volumes at $1 billion, 55% off the year average and the 2nd lowest this year, according to Coinshares. Pretty much all markets have been volatile, dealing with rising inflation along with… Read More

August 22, 2022 @ 11:00 am By Omar Faridi  |  

Prometeo Open Banking, which claims to be the leading Latin American Open Banking platform, announced the launch of the first Account to Account (A2A) payments solution in Latin American markets. As noted in an update shared with Crowdfund Insider, Prometeo‘s new payment service “provides a… Read More

August 22, 2022 @ 10:55 am By JD Alois  |  

Openly, an Insurtech that promises better home insurance, has launched its offerings in Utah as it expands across the US. Openly is on a mission to deliver “premium insurance made simple.” The company promises more complete coverage at competitive prices leveraging technology and data to… Read More

August 22, 2022 @ 10:20 am By JD Alois  |  

DTCC Ion Platform Processing 100,000+ Transactions per Day The Depository Trust and Clearing Corporation (DTCC), a vital post-trade custody and asset servicing firm, says its blockchain-based platform Ion is live and in production, operating in parallel with its legacy system. DTCC shares that it has… Read More

August 22, 2022 @ 10:02 am By JD Alois  |  

Funding Societies, a Southeast Asian SME finance provider, has gained a USD $50 million credit facility from HSBC Singapore. The additional capital will be utilized to provide financing to underserved SMEs in the region. Funding Societies reports that commercial lending in Asia Pacific is expected… Read More

August 22, 2022 @ 9:22 am By Omar Faridi  |  

The Association of Insurance Compliance Professionals welcomes Stacy Koron, Ethos’ Head of Compliance, and Machael Heise, Insurance Product Manager, to their leadership team. At Ethos, they are “constantly looking for ways to raise the ‘status quo’ and lead the industry on what life insurance for… Read More

August 22, 2022 @ 8:48 am By Omar Faridi  |  

Copper.co, the provider of digital asset custody, prime services and trading infrastructure to institutions, is reportedly becoming the first digital assets custodian “to support decentralized finance (DeFi) connectivity with Solana, the high-performance public blockchain ecosystem.” The integration with Solana “provides Copper’s customers with the unique… Read More