May 20, 2022 @ 11:52 am By JD Alois  |  

Klarna, a European Fintech that also operates in North America (and an HQ in Columbus, Ohio), is reporting topping 150 million consumers. Klarna is mainly a payments provider including buy now – pay later (BNPL) services that cater to both businesses and individuals. Klarna describes… Read More

May 20, 2022 @ 10:40 am By Omar Faridi  |  

PopID and SunCash announced that for the “first time” in history, consumers can now use the PopPay face verification platform “to purchase goods and services with a central bank digital currency (CBDC) – digital money issued and backed by a government.” Bahamian consumers can now… Read More

May 20, 2022 @ 10:36 am By JD Alois  |  

Amex Ventures, the venture arm of American Express (NYSE:AXP), has invested in Insurtech Trellis, according to a statement from the company, This newest investment follows a funding round in 2021 when Trellis raised $10 in a Series A. While Trellis did not provide details on… Read More

May 20, 2022 @ 9:43 am By JD Alois  |  

  Following a meeting this week being held in Petersberg, Germany, G7 Finance Ministers and Central Bank Governors have issued a statement on the outcome of the meeting. While a good portion of the statement revolves around the war in Ukraine and the need for… Read More

May 20, 2022 @ 9:20 am By Omar Faridi  |  

London Stock Exchange Group (LSEG) recently announced that it has signed an agreement to acquire MayStreet, a market data solutions provider. Founded in 2012, MayStreet provides “high-quality” global low latency technology and market data to more than 65 industry participants, “including banks, asset managers and… Read More

May 20, 2022 @ 8:28 am By Omar Faridi  |  

Modulr, an embedded payments platform for digital businesses, recently announced that it has raised $108m (£83m) in Series C funding that was led by General Atlantic, a global growth equity firm. The investment round also “included significant participation from existing investors including Blenheim Chalcot, Frog… Read More

May 20, 2022 @ 8:26 am By Omar Faridi  |  

Thought Machine, the Cloud native banking tech firm, recently announced it has closed its series D funding round, led by Temasek, the global investment company headquartered in Singapore, “with participation from Intesa Sanpaolo and Morgan Stanley.” Existing investors following-on in this investment round reportedly include:… Read More

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

Neon, a Fintech firm and digital bank focused on “improving the lives of working Brazilians,” has announced an overview of the company’s growth and momentum that “led up to its recent US$300M Series D round, resulting in a valuation of US$1.6B and its achievement of… Read More

May 20, 2022 @ 3:54 am By Omar Faridi  |  

Open Banking Fintech Volt has introduced a product aimed at helping merchants save on excessive debit card (interchange) fees by encouraging shoppers “to seamlessly switch to an open banking payment AFTER choosing to pay with a debit card at the checkout.” After recognizing the banking… Read More

May 20, 2022 @ 2:42 am By Omar Faridi  |  

Ophelos, the technology firm building “fairer” debt resolution for businesses and their customers, announces it has partnered with Plend, an “ethical” consumer lender using Open Banking “to provide affordable loans to those struggling with access to credit.” Both pending B-corporations, Plend and Ophelos are closely… Read More

May 20, 2022 @ 2:07 am By JD Alois  |  

The European Securities and Markets Authority (ESMA) has posted a statement encouraging crowdfunding providers to speed things up in migrating to the new pan-European rules. At the end of 2021, the European Union approved a new regulatory regime that enables issuers to raise capital online… Read More

May 20, 2022 @ 12:44 am By Omar Faridi  |  

Pie Insurance, a technology-enabled provider of workers’ compensation insurance to small businesses, released its latest figures, “highlighting the company’s strong and sustainable growth since its founding in 2017.” In the first quarter of 2022, Pie more than doubled its gross written premium “over the same… Read More

May 20, 2022 @ 12:41 am By Omar Faridi  |  

Napier, the provider of anti-financial crime compliance solutions, has announced the addition of two key hires to strengthen its North America team. Shana Leyva joins as Head of Marketing and Danielle Labarbera as Head of Sales. The new hires “represent Napier’s latest investment in the… Read More

May 19, 2022 @ 11:34 pm By Omar Faridi  |  

Upfin says it is here to support “exceptional” fintech founders with capital, deep industry expertise, and a network within financial services. Upfin is led by a team “with extensive experience founding, operating, and supporting fintech.” At first closing Upfin is “backed by a sovereign wealth… Read More

May 19, 2022 @ 11:07 pm By Omar Faridi  |  

Ripple, which claims to be the “leader” in enterprise blockchain and crypto solutions, announced a partnership with FINCI, the Lithuanian online international money transfer provider, “to deliver instant and cost-effective retail remittances and business to business (B2B) payments via RippleNet’s On-Demand Liquidity (ODL), which leverages… Read More

May 19, 2022 @ 10:54 pm By Omar Faridi  |  

Paxos, the regulated blockchain infrastructure platform, has teamed up with State Street (NYSE: STT). one of the “leading” providers of financial services to institutional investors, “to integrate State Street’s custodial services into the Paxos Settlement Service.” As part of the pilot, State Street was able “to… Read More

May 19, 2022 @ 10:27 pm By JD Alois  |  

BIGG Digital Assets (CSE:BIGG, OTCQX: BBKCF, WKN: A2PS9W), owner of Blockchain Intelligence Group, has hired Kenneth A. Goodwin, Jr. as the Director of Regulatory and Institutional Affairs. According to BIGG, Goodwin brings extensive experience in global banking and capital markets in his new role. Lance… Read More

May 19, 2022 @ 10:12 pm By Omar Faridi  |  

Dwolla, a Fintech powering innovation with sophisticated account-to-account payment solutions, “celebrates” Nacha‘s announcement of the Same Day ACH transaction limit increase “from $100,000 to $1 million.” Effective March 18, the $1 million limit was “applied to all Same Day ACH transactions.” Dwolla expects this update… Read More

May 19, 2022 @ 10:08 pm By Omar Faridi  |  

Percent, the platform powering the “future” of private markets, recently announced the launch of Corporate Loans, which offers VC-backed startups “a fast and seamless way to tap minimally-dilutive venture debt financing options – amid a slowing pace in growth-stage VC equity rounds.” Via its proprietary… Read More

May 19, 2022 @ 10:05 pm By Omar Faridi  |  

Greenlight Financial Technology, Inc., the Fintech firm on a mission to help parents raise financially-smart kids, recently announced the Greenlight Family Cash Mastercard, a credit card designed “to help parents save for their kids’ college and family’s future.” The Family Cash Card is the “first… Read More