May 3, 2022 @ 9:52 pm By Omar Faridi  |  

BIGG Digital Assets Inc. (CSE: BIGG), owner of Netcoins, the online cryptocurrency brokerage that makes it “easy” for Canadians to buy, sell, and understand digital currency, and Blockchain Intelligence Group, a developer of blockchain tech search, risk-scoring and data analytics solutions, “is pleased to report… Read More

May 3, 2022 @ 9:49 pm By Omar Faridi  |  

Akoya is the “first” third-party service provider to provide access to the Secure Token Exchange (STE), “a new optional capability from The Clearing House (TCH) that issues tokens for financial institutions’ account numbers, for the RTP network and EPN, the real-time payments and Automated Clearing… Read More

May 3, 2022 @ 7:07 pm By JD Alois  |  

PayPal (NASDAQ:PYPL) is at least one of the firms that called up the European Commission to complain about Apple (NASDAQ:AAPL) and its Apple Pay offering pushing the competition ministry to pursue possible anti-trust violations, according to a report in Bloomberg. This is not the first… Read More

May 3, 2022 @ 5:34 pm By JD Alois  |  

Pelion Venture Partners has announced a Medici Ventures Day. Pelion Venture Partners is the general partner of the fund that Overstock (NASDAQ: OSTK) enlisted to take over Medici Ventures, the former part of the business that oversaw tZERO as well as its other blockchain based… Read More

May 3, 2022 @ 2:55 pm By Omar Faridi  |  

Veem, which claims to be a “leading” provider of global B2B payment solutions, has announced the rollout of new functionalities “including enhanced card options and faster ACH, allowing small businesses more flexibility in how they pay and get paid to manage cash flow.” Credit cards… Read More

May 3, 2022 @ 2:49 pm By Omar Faridi  |  

Cover Whale Insurance Solutions, Inc., a commercial auto Insurtech that’s using data to “make our nation’s roads safer,” recently announced today that it has “exceeded $100 million in written premium.” During the two years since its founding, Cover Whale has “stealthily revolutionized the world of… Read More

May 3, 2022 @ 12:17 pm By Omar Faridi  |  

BarRaiser, which claims to be a “groundbreaking” AI-enhanced smart interviewing platform, has announced that it acquired $4.2 million in seed financing. The firm’s investment round was “led by 021 Capital and Global Founders Capital, with participation from other angel investors.” As noted in an update… Read More

May 3, 2022 @ 11:20 am By JD Alois  |  

Last year was a big one for the SPAC [special purpose acquisition company] market. Reportedly, 613 SPAC offerings were floated on an exchange easily topping 420 traditional initial public offerings. Since the beginning of 2022, SPAC offerings have slowed to around 62 so far. SPACs… Read More

May 3, 2022 @ 10:52 am By JD Alois  |  

The Securities and Exchange Commission (SEC) will double its enforcement team when it comes to the crypto or digital assets sector. According to a statement by the SEC, the renamed Crypto Assets and Cyber Unit (formerly the Cyber Unit) will increase its headcount to 50… Read More

May 3, 2022 @ 10:12 am By Omar Faridi  |  

Ukraine and Russia lead the list of countries “with higher crypto adoption rates, with 12.73% and nearly 12%, respectively,” according to an update from DappRadar. DeFi transactions in Q1 hit the lowest levels since February 2021, “while the 116 million NFT transactions across all blockchains… Read More

May 3, 2022 @ 10:03 am By JD Alois  |  

DealMaker, a tech platform that enables online capital formation leveraging crowdfunding exemptions, has appointed Murray Thomas as the new Chief Financial Officer. According to a statement by DealMaker, Murray brings over 20 years of CFO experience in finance and high growth companies.  While at TouchBistro,… Read More

May 3, 2022 @ 9:56 am By Omar Faridi  |  

Line, the firm building a “modern” inclusive financial network, announced that it has secured $25 million in equity and debt, with Massive leading the funding round. As mentioned in an update shared with CI, Line is a Public Benefit Corporation mission-driven “to deliver unprecedented access… Read More

May 3, 2022 @ 9:00 am By JD Alois  |  

Traceable AI, a firm that “protects APIs from the inside” has raised a $60 million Series B round at a valuation of around $450 million. The funding was led by Institutional Venture Partners (IVP), and includes the participation of Tiger Global Management and existing investors… Read More

May 3, 2022 @ 8:40 am By Omar Faridi  |  

OKX, which claims to be one of the leading digital currency platforms, has announced a “major” multi-year partnership with McLaren Racing, “becoming the Official Primary Partner of the McLaren Formula 1 Team and McLaren Shadow esports Team from 2022.” The partnership “unites two global brands… Read More

May 3, 2022 @ 8:35 am By Omar Faridi  |  

As the COVID-19 pandemic winds on into its third year, waves of new virus variants continue to “wreak havoc with supply chains,” according to an update from Verifi. Firms responsible for taking goods through each step on the journey “from manufacturing to customers’ doorsteps find… Read More

May 3, 2022 @ 8:32 am By Omar Faridi  |  

The team at Lending Works recently shared their Q1 2022 performance update on their stats page, and they also released their Outcome Statement for 2021. During Q1 2022, Lending Works claims that it focused on “understanding the impact of cost-of-living challenges on [their] active loan… Read More

May 3, 2022 @ 7:00 am By JD Alois  |  

Point has raised $115 million in Series C funding in a round led by WestCap. Existing investors also participated in the round including; Andreessen Horowitz, Ribbit Capital, Redwood Trust, Atalaya Capital Management, and DAG Ventures. New investors include Deer Park Road Management, The Palisades Group,… Read More

May 3, 2022 @ 2:27 am By Omar Faridi  |  

PeerBerry business partners are reportedly repaying an additional €0.7 million on war-affected Ukrainian and Russian short-term loans. After today’s repayment, the total amount of repaid war-affected loans in April “will be €3.64 million (significantly more than the planned amount of EUR 1,3 million at the… Read More

May 3, 2022 @ 1:47 am By Omar Faridi  |  

Banking Circle, the “tech-first” Payments Bank focused on enabling “fast” and “low-cost” payments, has expanded its payment provision for Poland “with the addition of local Polish Virtual IBAN accounts for collections.” This means PSPs supporting businesses serving the Polish market can now “provide unlimited Virtual… Read More

May 3, 2022 @ 1:07 am By Omar Faridi  |  

As the EstateGuru team claims to have predicted, the total funded amount in March was “similar to February.” EstateGuru‘s management writes in a blog post that investors “financed €16.7M worth of loans and, despite macroeconomic changes, investor and borrower behavior remains stable.” During March, Estonia… Read More