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

July 12, 2022 @ 9:53 am By JD Alois  |  

As was previously reported, Klarna has raised $800 million in funding but at an even lower valuation. Klarna raised the capital at a “post-money” valuation of $6.7 billion. This is a profound drop in valuation as Klarna was valued at $45.6 billion in the not-so-distant… Read More

July 12, 2022 @ 8:53 am By Omar Faridi  |  

The Latin American digital asset exchange Bitso has introduced a cryptocurrency remittance service in Colombia. The service, which should enable individual consumers and businesses to send and receive “digital dollars,” is reportedly one of the first crypto-based remittance products offered in Colombia to date, according… Read More

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

DeepNFTValue, a machine learning company that uses deep neural networks to price non-fungible tokens (NFTs) and other NFT assets, has announced a $4 million raise led by Rockaway Blockchain Fund, a venture capital firm backing “leading” Web3 founders. The investment round also included contributions from… Read More

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

ForwardAI, a Fintech providing aggregated access to accounting & business data and analysis, has released a whitepaper titled “Rising small business expectations and the evolving roles of financial service providers,” which focuses on modern, technology-enabled services that accountants, banking and financial service providers “offer to… Read More

July 11, 2022 @ 9:31 pm By Omar Faridi  |  

Tarabut Gateway, which claims to be the largest Open Banking platform in the MENA region with a market presence in Bahrain, the UAE and KSA, announced (earlier this week) two new appointments to its senior executive team, Nino Ocampo and Adnan Erriade. Nino joins as… Read More

July 11, 2022 @ 7:47 pm By Omar Faridi  |  

Cybercriminals have reportedly “duped” a senior engineer at a crypto-based online gaming company, Axie Infinity, into applying for a job at a “fictitious” company. The result: “the loss of $540 million in cryptocurrency,” according to an update shared with CI (and also widely reported). While… Read More

July 11, 2022 @ 7:37 pm By Omar Faridi  |  

Hiro, the “go-to” developer tools company for builders of the Bitcoin economy, is pleased to announce the appointment of Julia Austin to the Board of Directors. Austin, a former technology executive and current Senior Lecturer at Harvard Business School, “brings three decades of experience implementing… Read More

July 11, 2022 @ 7:25 pm By Omar Faridi  |  

Comodo Security Solutions has announced a rebranding to Xcitium, as the company launches its patented “zero threat” endpoint technology “to combat an increase in ransomware and other malware across all industries.” Xcitium Zero Threat is reportedly “the only solution on the market that entirely eliminates… Read More

July 11, 2022 @ 6:21 pm By JD Alois  |  

BetaBank has selected Finxact, part of Fiserv, to power its product ecosystem, according to a release. BetBank is still working on the regulatory side, having applied for a banking charter earlier this year. BetaBank is said to be working on a fully automated digital lending… Read More

July 11, 2022 @ 6:02 pm By JD Alois  |  

Insurtech Acrisure has gained the naming rights for the Pittsburgh Steelers stadium. According to a statement from Acrisure, the rights are held for 15 years. Details on the deal were not released. The stadium had been named Heinz Field since it opened in 2001. Founded… Read More

July 11, 2022 @ 5:29 pm By Omar Faridi  |  

  Business sentiment towards cryptocurrencies as a “theme” declined by 8% in Q2 2022 verses Q1 2022, according to the Company Filings Analytics Database by GlobalData. The data and analytics company notes that crypto’s sentiments “have been on the downtrend since Q4 2021.” As part… Read More

July 11, 2022 @ 5:16 pm By Omar Faridi  |  

Jason Fung, former gaming head at TikTok, has launched a new venture for connecting Metaverses. Meta0, an interoperability protocol for connecting Metaverses, recently announced the completion of its litepaper and the appointment of Jason Fung as CEO. Prior to joining and founding Meta0, Jason reportedly… Read More

July 11, 2022 @ 1:51 pm By Omar Faridi  |  

Brite Payments is set to significantly enhance monthly paid subscriptions with the launch of its recurring payments service. The Stockholm-based company claims it is set “to improve consumer convenience for subscription-based online businesses with its innovative, customer-first payment technology, as well as providing significant advantages… Read More

July 11, 2022 @ 11:28 am By Omar Faridi  |  

Mastercard (NYSE: MA) has introduced WhereToStay.com – an online platform which, basing on data on average housing costs and average wages from Central Statistical Office (Główny Urząd Statystyczny), aggregated with spending trends of everyday purchases, from Mastercard, “determine the approximate cost of living in various… Read More