June 20, 2022 @ 9:23 am By JD Alois  |  

TWINO, a peer-to-peer lending platform and emerging brokerage, is planning to raise capital on Seedrs, a leading UK/European investment crowdfunding platform. Twino said it will officially make the announcement later this month along with more details on the equity offering. TWINO has bootstrapped its operations… Read More

June 20, 2022 @ 8:23 am By Omar Faridi  |  

Immutable, powering the “next generation” of Web3 games as the carbon-neutral, scalable platform for trading NFTs on Ethereum, has announced the launch of its inaugural development fund, Immutable Ventures. The Immutable Developer and Venture Fund is “dedicated to supporting web3 games and NFT-centric companies that… Read More

June 20, 2022 @ 6:00 am By Omar Faridi  |  

Yieldstreet, a digital alternative investment platform, has teamed up with Wonder Group, a company founded by serial entrepreneur Marc Lore that is “redefining at-home dining and food delivery, to provide an opportunity to invest in the startup’s Series B funding round.” Yieldstreet members can now… Read More

June 20, 2022 @ 2:27 am By Omar Faridi  |  

Salesforce, which claims to be the global leader in CRM, recently announced it is working with Revolut, the global financial Superapp, “to help grow Revolut Business.” Revolut Business launched in 2017 “to provide companies with multi-currency exchange services, merchant acquiring, and corporate debit cards to… Read More

June 20, 2022 @ 2:00 am By Omar Faridi  |  

Funding Circle recently appointed a new Managing Director to lead FlexiPay expansion. Funding Circle, which claims to be one the UK’s largest small business loan platforms, confirmed the appointment of Jerome Fernandez as Managing Director, FlexiPay. FlexiPay is described as “the first short-term finance product… Read More

June 20, 2022 @ 1:01 am By Omar Faridi  |  

Bits of Stock, the stock rewards platform, recently secured $4.4 million in seed funding from Keen Venture Partners and Yellow Accelerator by Snap Inc. On a mission to “reverse” wealth inequality, Bits of Stock intends to use the proceeds “to double its size and onboard… Read More

June 19, 2022 @ 11:55 pm By Omar Faridi  |  

Japan’s Financial Services Agency (FSA) and the Financial Services Authority of Indonesia (Otoritas Jasa Keuangan: OJK) have exchanged letters on Fintech Cooperation Framework “regarding Innovation in the financial sector.” This will lead to “increased exchanges regarding innovative trends and strengthen the cooperative relationship between the… Read More

June 19, 2022 @ 7:24 pm By JD Alois  |  

Barry Silbert, CEO and founder of Digital Currency Group – the parent company of Grayscale, Genesis Trading, and more, says they are buying Bitcoin as the world’s most popular crypto trolls 52-week lows. The tweet has been liked almost 12,000 times – probably by beleaguered… Read More

June 19, 2022 @ 5:29 pm By Omar Faridi  |  

Dina Sam’an, the Founder and Managing Director of CoinMENA, notes that she’s very excited to share that CoinMENA has obtained a provisional license from Dubai’s Virtual Asset Regulatory Authority (VARA). Sam’an adds that regulatory compliance has been a “top priority” for CoinMENA from day one…. Read More

June 19, 2022 @ 3:16 pm By Omar Faridi  |  

Momentum in Alberta’s Fintech sector continues to build as crypto exchange company FTX revealed plans to establish its first Canadian location in Calgary after the acquisition of Calgary-based Bitvo — a trading platform “offering Canadians a secure and easy way to buy, sell and trade… Read More

June 19, 2022 @ 3:07 pm By Omar Faridi  |  

Efma has recently unveiled a new name, new logo, and new purpose “as part of an extensive rebranding initiative.” Now, Efma is called Qorus (pronounced kaw-ruhs). Efma has “approached the half-century mark of its existence and undertaken the most important transformation in its history –… Read More

June 19, 2022 @ 12:54 pm By Omar Faridi  |  

Digital asset firm Okcoin notes that even when the crypto markets are down, they are still  focused on hiring “top” talent and building for the long term. Okcoin confirmed that they are hiring globally “for over 100 roles across all teams.” They’re also “doubling down… Read More

June 18, 2022 @ 4:01 pm By JD Alois  |  

Jesse Powell, CEO of crypto exchange Kraken, has taken to Twitter to defend Kraken’s recent culture statement that attempted to be inclusive of everyone’s beliefs but apparently offended woke-leaning employees. Powell said that during “heated debates” about 20 people out of 3200 were not on… Read More

June 18, 2022 @ 3:08 pm By Omar Faridi  |  

Minna Bank, Ltd., Japan’s “first” digital bank, has recorded more than 1 million downloads of its mobile banking app and over 400,000 accounts have been “opened in its first year of commercial operations since May 28, 2021.” With the first “full” Cloud core banking system,… Read More

June 18, 2022 @ 3:03 pm By Omar Faridi  |  

The Bank for International Settlements (BIS) Innovation Hub is announcing a new set of projects across its various centers, “updating its 2022 work program.” They include the first three projects of the upcoming Eurosystem Centre and the first in-depth explorations in cybersecurity. The Eurosystem Centre… Read More

June 18, 2022 @ 2:45 pm By JD Alois  |  

Bitcoin, along with the broader crypto market, continues to sink lower having finally breached the $20,000 mark  – now trading at around $18,500. It was just last November that Bitcoin was hitting new all-time highs of around $68,000. Bitcoin last traded under $20K back at… Read More

June 18, 2022 @ 1:54 pm By Omar Faridi  |  

Visa (NYSE: V) has introduced Latin America’s first crypto cards, through partner firms based in Brazil and Argentina. Working cooperatively with Fintech startups and other companies in the region, Visa will reportedly issue cards that allow consumers to receive Bitcoin (BTC) cashback with each  payment… Read More

June 18, 2022 @ 1:53 pm By Omar Faridi  |  

PPRO, the provider of digital payments infrastructure, has appointed former Wayfair Europe finance executive Rahul Raswant as its new Chief Financial Officer (CFO). Rahul takes over the role from Götz Möller, who will be stepping down after over 3 years at the firm. Rahul brings… Read More

June 18, 2022 @ 1:50 pm By Omar Faridi  |  

Intesa Sanpaolo announces that it has strengthened its partnership with Nexi, an international firm focused on merchant acquiring, in order “to expand the areas of collaboration.” The latest agreement will “enable the development of both partners’ activities in Croatia.” The agreement, which follows the operations… Read More

June 18, 2022 @ 12:07 pm By Omar Faridi  |  

Money movement platform Payveris, a division of Paymentus, has launched Loan Payments®, a loan and debt repayment service “with the widest array of real-time payment methods and channels available on the market.” Loan Payments is designed “to help financial institutions meet rising consumer demand for… Read More