August 17, 2022 @ 10:32 am By Omar Faridi  |  

Binance is pleased to announce that the firm has “received in-principle approval from the Astana Financial Services Authority (AFSA) to operate a digital asset trading facility and provide custody in the Astana International Financial Center (AIFC).” In-principle approval from AFSA still “requires Binance to complete… Read More

August 17, 2022 @ 9:37 am By Omar Faridi  |  

Assetz Capital is pleased to enter a partnership with LexisNexis Risk Solutions in order to adopt the LexisNexis® RiskNarrativeTM platform across its business. The platform uses automation, AI and machine learning to offer an enhanced, configurable and accessible financial crime lifecycle management service. This should… Read More

August 17, 2022 @ 9:07 am By Omar Faridi  |  

The Tikkie app, launched in 2016 to make payments easier, recently added a new functionality. ‘Groepie’ is a smart feature that “allows multiple users to track and settle costs incurred as a group, greatly simplifying group payments made through Tikkie.” The new feature “is quick… Read More

August 17, 2022 @ 8:27 am By Omar Faridi  |  

Focused Labs, a digital transformation consultancy and software development firm,  announced it has joined the Stripe Partner Ecosystem “to help enterprises modernize their payment systems and deliver better customer experiences at check-out.” Focused Labs and Stripe, a financial infrastructure platform for businesses, will “help customers… Read More

August 17, 2022 @ 8:25 am By Omar Faridi  |  

Trustfolio Ltd, the ‘debt-tech’ collective behind the Debt Adviser Support Portal and other digital tools for creditors and third parties designed to ‘enable better debt solutions’, has partnered with Equifax (NYSE: EFX) “to launch a new feature powered by Open Banking.” The new Debt Adviser… Read More

August 17, 2022 @ 2:28 am By Omar Faridi  |  

ReceiptHero recently announced that it has joined the Visa Fintech Partner Connect—a program designed “to help Visa’s issuing clients quickly connect with a vetted and curated set of technology providers.” Visa Fintech Partner Connect is “an initiative that provides financial institutions and merchants in Europe… Read More

August 17, 2022 @ 1:30 am By Omar Faridi  |  

Bricknode, a software-as-a-service (SaaS) financial services platform, recently revealed that Lenpals, a Fintech firm offering short-term personal loans, has chosen its loan management solution, Bricknode Lending. Lenpals is being introduced to help with redefining or trasnforming the short-term lending sector and provide affordable and responsible… Read More

August 16, 2022 @ 6:21 pm By Paolo Ardoino  |  

Inflation continues to rise globally, especially across Latin America where hyperinflation afflicts many countries. Could Bitcoin and the emerging digital token economy be the answer? Across Latin America, a story of inflation and ineffective central bank policy is the order of the day. In Mexico,… Read More

August 16, 2022 @ 5:41 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has charged Dragonchain, Dragonchain Foundation, the Dragon Company and founder John Joseph Roets with raising $16.5 million in an “unregistered crypto asset securities offering.” In the complaint, the SEC alleges that Roets, Dragonchain, and the Foundation conducted an unregistered… Read More

August 16, 2022 @ 5:20 pm By Omar Faridi  |  

Swell Network, a permissionless, non-custodial, and liquid ETH staking protocol, has integrated Chainlink Price Feeds on Ethereum. Swell Network is also “integrating Chainlink Proof of Reserve to help ensure that its liquid staking receipt token (LSRT) – Swell ETH (swETH) – is always fully backed… Read More

August 16, 2022 @ 4:42 pm By JD Alois  |  

XTAGE, a digital asset trading platform created by Brazilian brokerage XP (Nasdaq: XP), has launched trading of Bitcoin and Ethereum, according to multiple reports. The creation of XTAGE was announced this past May as a collaboration with Nasdaq. At that time, Lucas Rabechini, Director of… Read More

August 16, 2022 @ 3:32 pm By Omar Faridi  |  

Splitit (ASX: SPT) announced Telispire, a wholly owned subsidiary of the National Rural Telecommunications Cooperative (NRTC), has “selected to integrate Splitit’s Installments-as-a-Service into its PHOENIX back office and billing system allowing Telispire’s mobile virtual network operator (MVNO) customers to offer installment payments to its subscribers… Read More

August 16, 2022 @ 3:13 pm By Omar Faridi  |  

The early stages of the COVID-19 pandemic were a “hive of activity” for small businesses, with a striking 53% jump in applications to start new companies, according to an update from Fundbox. Now macro economic factors, from inflation to staffing shortages, “are posing significant challenges… Read More

August 16, 2022 @ 12:07 pm By Omar Faridi  |  

The team at Prosper has shared their performance data from the Prosper Portfolio for July 2022. Highlights from the Prosper Performance Update – July 2022 are as follows: In July, approximately 59% of loan originations “were rated AA-B, increasing by approximately 1.6% month-over-month.” Average loan… Read More

August 16, 2022 @ 11:44 am By JD Alois  |  

Jarvo, a private firm raising capital on Seedrs, is reporting that it hit its £200,000 funding target in just 42 seconds. According to the company, this beats the previous record for the fastest funding round held by digital bank Monzo. That’s a wrap!! 🎉🎉 overfunded… Read More

August 16, 2022 @ 11:25 am By JD Alois  |  

Arc, a company that describes itself as the future of startup finance, has raised $20 million in Series A funding in a round led by Left Lane Capital. Other investors participating in the round include NFX, Y Combinator, Clocktower Technology Ventures, Torch Capital, Atalaya, Bain… Read More

August 16, 2022 @ 10:25 am By JD Alois  |  

Symbid, one of the earliest European investment crowdfunding platforms, has been acquired by a relatively new provider SeedBlink, according to a company statement. The terms of the deal were not disclosed. SeedBlink did share that they approached around 30 different firms before deciding on acquiring… Read More

August 16, 2022 @ 9:37 am By Omar Faridi  |  

Socotra, the modern core platform provider for innovative insurers, recently announced that twelve established insurance technology providers have joined Socotra App MarketPlace “to publish modern software apps connected to Socotra policy core, making the platform the fastest way for insurers to bring new products and… Read More

August 16, 2022 @ 8:13 am By Omar Faridi  |  

BankiFi, a provider of embedded banking solutions for small and medium businesses (SMB), has secured $4.8 million “for global expansion into North America.” This strategic growth investment “gives BankiFi the capital to provide its industry-leading embedded banking platform to more than two million SMBs across… Read More

August 16, 2022 @ 8:11 am By Omar Faridi  |  

Satellite IM, a fully decentralized peer-to-peer communications platform, has successfully closed $10.5 million in its seed funding round “led by Multicoin Venture Fund and Framework Ventures.” The investment round also “saw participation from prominent institutional venture investors including Hashed Venture Fund, IDEO CoLab, Solana Ventures,… Read More