April 23, 2022 @ 2:49 pm By Omar Faridi  |  

Fintech firm Lightyear, which launched in the UK last year, recently announced the addition of new features: limit orders, auto conversions and exportable activity statements. Lightyear has also “formally appointed two of its seed investors as advisors, Wander Rutgers and Joe Cross.” Lightyear, founded by… Read More

April 23, 2022 @ 2:47 pm By Omar Faridi  |  

Brex, the Fintech firm that is focused on reimagining finance for growing businesses, has  announced its acquisition of Pry Financials, which is a software platform “with tools designed to enable budgeting, bookkeeping and forecasting, for $90 million.” As mentioned in the update, cash flow forecasting… Read More

April 23, 2022 @ 10:51 am By Omar Faridi  |  

FundGuard, the AI-enhanced SaaS investment management and asset servicing enterprise platform, recently announced that it has finalized a $40 million Series B funding round. The investment round included investors Citi and State Street Corp, who “joined initial investors Blumberg Capital, LionBird Ventures, Team8 Capital, and… Read More

April 23, 2022 @ 10:44 am By Omar Faridi  |  

Australian Fintech firm, Archa, recently confirmed that it finalized its pre-Series A round,  securing $24 million in a mix of debt and equity in order to support ongoing growth and further product development. CEO and Founder of Wisr, Anthony Nantes, reportedly led the Fintech company’s investment… Read More

April 22, 2022 @ 2:33 pm By Omar Faridi  |  

hoolah, which claims to be Asia’s leading omnichannel ‘Buy Now Pay Later’ (BNPL) platform, recently announced its partnership with Primer, the “first” no-code automation platform for payments and commerce, “allowing merchants in Singapore, Malaysia, and Hong Kong to integrate hoolah’s BNPL solution, while providing consumers… Read More

April 22, 2022 @ 2:27 pm By Omar Faridi  |  

Bank of America (NYSE: BAC) recently confirmed that it will transition all plastic credit and debit card products to be “made from at least 80% recycled plastic starting in 2023.” The company claims to be “the first U.S. based bank to make this commitment across… Read More

April 22, 2022 @ 2:25 pm By Omar Faridi  |  

Wells Fargo (NYSE: WFC) recently announced the Small Business Resource Navigator, which is an online portal helping connect small business owners “to potential financing options and technical assistance through Community Development Financial Institutions (CDFIs) across the country.” The portal was launched in collaboration “with the… Read More

April 22, 2022 @ 11:59 am By Omar Faridi  |  

Funding Circle founder Samir Desai has reportedly secured $30 million in funding from key investors such as Accel and Local Globe in order to support the roll-out of Super Payments, a newly-established Fintech venture, Sky News reported. A co-founder of Funding Circle, one of the… Read More

April 22, 2022 @ 11:55 am By JD Alois  |  

Crowdcube has become the first investment crowdfunding platform to be approved under the new European Crowdfunding Service Provider Rules (ECSPR) that went into effect in November of 2021. Crowdcube, a platform that has long operated a subsidiary in Spain, received approval from the Spanish regulator… Read More

April 22, 2022 @ 9:47 am By Omar Faridi  |  

Neobank MyInvestor has reportedly reached €2 billion in volume, which “doubles the 1 billion euros registered in March 2021, consolidating its position as the largest Spanish fintech by volume.” Now serving more than 110,000 customers, MyInvestor also has “an investment balance (funds, plans and portfolios)… Read More

April 22, 2022 @ 7:05 am By Omar Faridi  |  

Versapay, which claims to be the leader in Collaborative Accounts Receivable, recently announced that it has completed its acquisition of US-headquartered Fintech firm  DadeSystems. The acquisition broadens Versapay‘s suite of accounts receivable (AR) automation solutions and “expands its AI and machine learning capabilities.” It also… Read More

April 22, 2022 @ 5:40 am By JD Alois  |  

Germany-based Giesecke+Devrient (G+D) has partnered with Patch, a digital carbon credit marketplace, to provide bank customers with a payment solution. In a release, G+D said the partnership is an expansion of its ecosystem of eco-innovative partnerships that supports banks and Fintechs in their sustainability strategies…. Read More

April 22, 2022 @ 5:23 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has published an expected report on challenger banks and financial crime controls which states that some are falling short when it comes to diligence against malfeasance such as money laundering. The review, conducted during 2021, said that some challenger… Read More

April 22, 2022 @ 5:07 am By Omar Faridi  |  

Citi’s Treasury and Trade Solutions (TTS) have announced that they are entering into an agreement with international payment processor EBANX in order to offer an end-to-end digital collection solution (eCommerce) “for Citi’s institutional clients in Latin America.” Citi’s clients will be able “to accept more… Read More

April 21, 2022 @ 11:23 pm By Omar Faridi  |  

Themis, a collaborative governance, risk, and compliance platform, recently announced thatit has secured $9 million in seed investment “to solve compliance and risk challenges stemming from cross-sector and cross-border partnerships.” The investment round was led by TTV Capital along with contributions from Felicis and existing… Read More

April 21, 2022 @ 11:18 pm By Omar Faridi  |  

QuadFi, which claims to be a “mission driven” global fintech firm headquartered in Canada, has announced that it entered into an agreement for “a new financing facility of up to $100 million (CAD $127 million) with Crayhill Capital Management, a New York-based minority-owned private credit… Read More

April 21, 2022 @ 10:15 pm By Omar Faridi  |  

Abhi, which claims to be Pakistan’s “first-ever” financial wellness platform, enabling employees to access accrued salary in advance, recently announced the completion of a $17 million Series A raise. As noted in an update shared with CI, the fund raise was led by VC  firm… Read More

April 21, 2022 @ 9:43 pm By Omar Faridi  |  

Notifi, a messaging layer for Web3, has announced the launch of its SDK “to enable Web3 projects to drive communications at scale.” Solana’s SPL governance protocol is reportedly “the first to integrate and go live with the Notifi SDK, enabling DAO administrators to send real-time… Read More

April 21, 2022 @ 8:48 pm By Omar Faridi  |  

21Shares AG, a Swiss-based issuer of crypto Exchange Traded Products (ETPs), and the leading ETF provider, ETF Securities have “launched two funds that offer simple, cost-effective and direct access to cryptocurrency investments.” ETFS 21Shares Bitcoin ETF is “the first Australian ETF to invest directly in… Read More

April 21, 2022 @ 8:46 pm By Omar Faridi  |  

Wayflyer, the revenue-based financing and growth platform for digital commerce merchants, recently confirmed a series of new hires across its offices based in Europe and the United States. Several key appointments have reportedly been made in the Talent team. Ciara Smyth has joined the firm… Read More