July 13, 2022 @ 8:48 am By Omar Faridi  |  

Kadmos, the end-to-end salary payments platform for cross-border employers, has raised €29 million in a Series A funding round “led by Blossom Capital.” The investment round, which follows an €8.3 million seed round back in December, also included existing investors Addition and Atlantic Labs. The… Read More

July 13, 2022 @ 8:46 am By Omar Faridi  |  

The team at GoHenry notes that it has been 10 years since they launched operations in the United Kingdom, and they now have more than two million members in the UK and US. They recently launched their in-app Money Missions “to make financial education fun… Read More

July 12, 2022 @ 11:52 pm By Lee Schneider  |  

SOL, the native token of the Solana public blockchain, is the latest victim of a scurrilous attack by plaintiffs’ lawyers claiming that yet another blockchain token is an investment contract under the test famously set forth in S.E.C. v. W.J. Howey.  The claims perpetuate the… Read More

July 12, 2022 @ 11:41 pm By Omar Faridi  |  

More than 90% of UK consumers with a retirement saving pot have said they would “consider using a digital dashboard to get a consolidated view of their total pensions, savings and investments.” This, according to a report by TISA (The Investing and Saving Alliance) and… Read More

July 12, 2022 @ 11:25 pm By Omar Faridi  |  

Hong Kong-based digital bank WeLab recently revealed that it has introduced its virtual wealth advisory service, GoWealth Digital Wealth Advisory. Clients may kick start their personalized investment plans from as low as HKD 100. In April 2022, WeLab had been granted Type 1 (dealing in… Read More

July 12, 2022 @ 10:48 pm By Omar Faridi  |  

UOB (SGX: U11) recently launched a Green and Sustainable Deposits solution for its corporate and institutional clients, which is reportedly “the first such product in Singapore offered by a local bank.” The solution was “piloted with GIC.” Under this solution, the deposits are “deployed to… Read More

July 12, 2022 @ 10:04 pm By Omar Faridi  |  

Ant Group recently announced that its “privacy-preserving” Computation Framework becomes open source, aiming “to make the technologies more accessible to global developers and speed up the Framework’s application in various scenarios.” The Framework is designed “to address pain points in multi-party collaboration on information flows.”… Read More

July 12, 2022 @ 9:14 pm By Omar Faridi  |  

Rey Assurance, which claims to be the first dedicated and integrated health, life and critical illness Insurtech company in Indonesia, recently announced $4.2 million in seed funding to advance its digital health products and tech platform. In addition to announcing the funding from the Trans-Pacific… Read More

July 12, 2022 @ 8:17 pm By Omar Faridi  |  

Ancileo, a Singapore-headquartered software as a service (SaaS) solution provider for the insurance sector, recently revealed that it acquired $3 million in seed funding from Fermion. As noted by Ancileo’s management, it will be able to gain access to around 230 banking institutions and 150… Read More

July 12, 2022 @ 6:42 pm By Omar Faridi  |  

Brazil’s secured lending platform Creditas is getting ready to expand its product offering, after obtaining a banking license as well as a mortgage marketplace. The company is reportedly acquiring Brazil‘s banking license of Andorra’s Banco Andbank, allowing it to take customer deposits. As part of… Read More

July 12, 2022 @ 6:41 pm By Omar Faridi  |  

Canada’s debit network Interac is reportedly adding a backup network provider after this past week’s large-scale outage at Rogers, which had left millions of clients unable to complete payments. In statements shared with Reuters, the company’s management noted: “We are adding a supplier (besides Rogers)… Read More

July 12, 2022 @ 6:39 pm By Omar Faridi  |  

Optimism’s native token, OP, is now available on Okcoin. Customers can now deposit, withdraw, and trade OP tokens via Okcoin. As noted in the update, all Okcoin customers “except for residents of the EU, the UK, Singapore, and Brunei” may trade OP tokens. As confirmed… Read More

July 12, 2022 @ 4:52 pm By JD Alois  |  

Morpho Labs, a French research and software development firm, has raised $18 million to pursue its vision of a new decentralized lending protocol. The funding round was led by Andreessen Horowitz (a16z) and Variant. The company states that approximately 100 investors participate in the funding… Read More

July 12, 2022 @ 4:14 pm By Omar Faridi  |  

Paxos, the regulated blockchain infrastructure platform, has disclosed the “specific” financial instruments backing its “regulated” stablecoins USDP and BUSD. Moving forward, Paxos will “provide these detailed disclosures on a monthly basis in addition to its attestations.” These reports “provide the CUSIP of all instruments backing… Read More

July 12, 2022 @ 4:08 pm By JD Alois  |  

The US Department of Treasury has issued a request for comments pertaining to the risks and opportunities affiliated with digital assets or crypto. Under Secretary of the Treasury for Domestic Finance, Nellie Liang issued the following statement on the request: “For consumers, digital assets may present… Read More

July 12, 2022 @ 1:41 pm By Omar Faridi  |  

Revolut, the international financial “Super App” with over 18 million customers worldwide, is taking yet another solid step towards its goal of bringing clients the best financial products and services to manage their finances. Revolut’s “Learn & Earn” courses have been developed to assist clients… Read More

July 12, 2022 @ 11:35 am By JD Alois  |  

wefox, a Germany-based Insurtech, has raised $400 million in a Series D funding round that gave the firm a $4.5 billion “post money” valuation, according to a statement by the company. The funding was in both debt and equity. The company did not share the… Read More

July 12, 2022 @ 10:57 am By Omar Faridi  |  

Low-code consumer Fintech platform Quiltt recently revealed that it has secured $4 million in capital in order to expand access to financial services tech for consumers by significantly lowering technical barriers for innovators. The company’s investment round has been co-led by Greycroft and Newark Venture… Read More

July 12, 2022 @ 10:54 am By Omar Faridi  |  

Credabill​​, which aims to “disrupt” the multi-billion pound UK home improvement market, has raised 102% (£512,528) of its £500,000 target from 126 investors with 9 days left in the firm’s crowdfunding campaign, carried out via Crowdcube. Credabill reports a Pre-money valuation of £4,000,000; Equity: 11.35%;… Read More

July 12, 2022 @ 10:14 am By JD Alois  |  

Three Arrows Capital (3AC), a crypto hedge fund that was recently ordered to liquidate its holdings following the impact of crypto contagion, is in the news once again as a report indicates its founders have disappeared. Meanwhile, one founder has reappeared on Twitter, indicating they… Read More