July 8, 2022 @ 9:40 am By Omar Faridi  |  

Konvoy, an early-stage investment firm that invests at the frontier of gaming, has announced a new $150 million fund as it continues on its mission to be “the best-performing investment firm within the $200 billion video gaming industry, while a recent report from Gamesone has… Read More

July 8, 2022 @ 9:31 am By JD Alois  |  

Celsius Network, a once-prominent crypto lending and yield platform that bashed traditional banks, has been sued in the State of New York, blasted with allegations of operating a “classic Ponzi scheme.” Last month, Celsius effectively shut down operations. On June 13th, Celsius tweeted: [we] are… Read More

July 8, 2022 @ 8:22 am By Omar Faridi  |  

TrueLayer, which claims to be Europe’s “leading” Open Banking platform, and wealth-building app Chip, recently announced their collaboration, “delivering an improved customer experience through dramatically faster account payments.” Chip offers a variety of options “to make saving effortless through an approach that’s tailored to each… Read More

July 8, 2022 @ 8:07 am By Omar Faridi  |  

The Algorand Foundation, whose mission is to grow the ecosystem of the “carbon-negative” Layer 1 blockchain invented by Turing Award winner and MIT professor Silvio Micali, Algorand, recently announced the appointment of Eric Wragge as Global Head of Business Development and Capital Markets. Wragge joins… Read More

July 8, 2022 @ 7:54 am By Omar Faridi  |  

  London Fintech Plum, Europe’s personal finance app, has introduced a debit card “to help its customers take control of their finances.” The card is Plum’s first move into spending, “consolidating its position as a comprehensive money app.” Designed to complement Plum’s budgeting features and… Read More

July 7, 2022 @ 10:17 pm By Omar Faridi  |  

Oasys, a blockchain developed specifically for the gaming community, announced that it has completed a private token sale round of $20 million “led by blockchain financing and investment platform, Republic Capital, with participation from Jump Crypto, Crypto.com, Huobi, Kucoin, Gate.io, bitbank and Mirana Ventures.’ Oasys… Read More

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

qiibee, the blockchain-based B2B rewards marketplace, announced it has raised $4.8 million following the close of a seed funding round led by Z5 Capital. The raise also saw participation from other investors including: digital advertising group Meet The People; Ben Davey, former CEO of Barclays… Read More

July 7, 2022 @ 6:59 pm By Omar Faridi  |  

YAP, which claims to be the leading Fintech “revolutionizing” the digital banking experience in the MENA region and South Asia, has raised $41 million “to fund its operations and growth.” The latest investment round includes contributions from Saudi Arabia’s Aljazira Capital alongside investments from Abu… Read More

July 7, 2022 @ 6:57 pm By Omar Faridi  |  

State Street (NYSE: STT) and FactSet (NYSE: FDS) have announced a partnership integrating State Street Alpha and the complementary strengths of FactSet “to streamline data flows across the front, middle and back-office through State Street’s Alpha Data Platform.” The two companies expect the collaboration will… Read More

July 7, 2022 @ 5:04 pm By JD Alois  |  

Security Token Market (STM) has launched a Reg CF securities offering with a unique spin. The company is issuing the forthcoming security as a digital asset leveraging the Avalanche blockchain. STM is labeling the offering the “first Web3” tokenized crowdfunding campaign. The securities offering will… Read More

July 7, 2022 @ 4:47 pm By Omar Faridi  |  

FNB Community Bank and Teslar Software announced their partnership “to streamline and automate lending processes.” The community bank is leveraging Teslar’s tracking and loan management software “to save time and increase operational efficiencies, freeing lenders to focus on the borrower experience.” Bill Croak, president and… Read More

July 7, 2022 @ 4:47 pm By Omar Faridi  |  

Revolut, the global financial super app with more than 18 million customers worldwide, has revealed new insights on spending on the Fourth of July. The US’s under 35s contributed “almost half of total spending yesterday, making up 57% of total transactions during the day.” 12%… Read More

July 7, 2022 @ 4:02 pm By Omar Faridi  |  

Kueski, which claims to be one of the largest buy now, pay later (BNPL) and online consumer lenders in Latin America, announced the appointment of Sung Hae Kim as the company’s Chief People Officer. Kim’s main objectives are “to promote Mexico as a technology and… Read More

July 7, 2022 @ 3:45 pm By JD Alois  |  

Rialto Markets has added over $1.2 billion in signed contracts from private company issuers. As the cost of going public has risen, fewer companies have pursued the option of raising capital in an IPO and trading on an exchange. This cost of compliance is predicted… Read More

July 7, 2022 @ 2:48 pm By JD Alois  |  

Invesdor, a securities crowdfunding platform serving Europe, is raising growth capital for itself. Invesdor is actually the combination of multiple platforms: Invesdor, plus Finnest (Austria) and Kapilendo (Germany). The trio combined under a single banner selecting Invesdor as its brand. According to an email, on… Read More

July 7, 2022 @ 1:33 pm By JD Alois  |  

  It has been a tough few weeks for crypto assets. Fears of contagion ripped through the sector when several firms shut down withdrawals. This week, Voyager Digital filed for bankruptcy protection the in the US under Chapter 11. This was predicated by the pending… Read More

July 7, 2022 @ 1:09 pm By Collette Allen  |  

The entire world is on edge with the events unfolding in Ukraine. As NATO responds and sanctions have been imposed on Russia, what does this mean for businesses? As part of an overall Anti-money laundering and fraud protection strategy, screenings performed for new clients prevent… Read More

July 7, 2022 @ 12:48 pm By Omar Faridi  |  

QNB, which is one of the largest financial institutions in the MENA region, has introduced  WeChat Pay and AliPay+ to its existing range of payment options that are accepted by its merchant network in Qatar, making it the first banking institution in the country to… Read More

July 7, 2022 @ 12:27 pm By Omar Faridi  |  

QuiX Quantum, a producer of quantum processors, has secured a €5.5 million seed round investment from PhotonDelta, FORWARD.one and Oost NL. The funding will “take QuiX a step closer to creating the world’s most powerful photonic quantum computer.” It also marks “the first major investment… Read More

July 7, 2022 @ 9:47 am By JD Alois  |  

Even while Bitcoin is topping $20K and Ethereum is moving higher, Coinshares is out with a depressing report predicting there is more pain to come in the digital asset markets. Coinshares states that crypto assets are now firmly in bear market territory. The collapse of… Read More