April 13, 2022 @ 4:16 pm By Omar Faridi  |  

Elpha Secure, a cybersecurity startup that offers cyber insurance combined with security software to small businesses, has chosen Socotra “to complement its proprietary technology and launch a new cyber insurance product for a variety of industries.” In order to bring its new product to market,… Read More

April 13, 2022 @ 4:14 pm By Tony Zerucha  |  

  GK8, a leading institutional-grade self-managed digital asset custody platform with DeFi, staking, NFT, and tokenization support, has integrated with MetaMask Institutional, a version of the popular wallet that adds institution-required custody, operational efficiency, risk, and compliance features. Thanks to the integration, GK8 users will be able to… Read More

April 13, 2022 @ 3:50 pm By Omar Faridi  |  

Forter, the “Trust Platform” for e-commerce, has announced the appointment of two new board members, Sharda Caro Del Castillo and Scott Schenkel. Caro Del Castillo and Schenkel “bring digital commerce, financial, operational, legal and compliance expertise to Forter.” The news comes during “a period of… Read More

April 13, 2022 @ 11:17 am By Omar Faridi  |  

Financiera Contigo (CEGE Capital), a lending firm doing business in Mexico,  will provide investment opportunities on Mintos with interest rates of “up to 12% per annum.” Financiera Contigo was founded in 2010 ​​by two brothers Allan and Emilio Cherem, who were “nominated by Forbes for… Read More

April 13, 2022 @ 10:37 am By Omar Faridi  |  

Hogan Lovells has reportedly become the first law firm “to implement an ecosystem-scale document and contract automation technology which will drive efficiencies within commercial transactions for clients.” The blockchain or DLT-enabled technology platform, DriveChain, is “now available to firm clients across all sectors and industries.”… Read More

April 13, 2022 @ 9:17 am By Omar Faridi  |  

Form3 clients are now able to “gain access to FX payments in 124 currencies across 163 countries.” Goldman Sachs Transaction Banking (TxB) and Form3, the Cloud-native payment technology provider, announced “a new solution that delivers FX and payments capabilities to Form3’s banking clients.” Form3’s platform… Read More

April 13, 2022 @ 8:17 am By Omar Faridi  |  

Montonio, which claims to be the all-in-one platform for online merchants to accept payments, provide financing and handle the entire post-checkout experience from shipping to returns and refunds, has secured €11 million in a Series A funding round led by Index Ventures. The firm has… Read More

April 13, 2022 @ 7:37 am By Omar Faridi  |  

TrueLayer, which claims to be Europe’s leading Open Banking platform, has announced it has launched its “closed-loop” payment product in Ireland, France, Germany, Spain, Lithuania and the Netherlands. As noted in an update shared with CI, traditional payment methods “weren’t built to handle the speed… Read More

April 13, 2022 @ 6:44 am By Omar Faridi  |  

Plaid, the Open Finance data network and payments platform, has appointed Ripsy Bandourian as its first Head of Europe as it “continues to rapidly expand across the continent.” Based in Amsterdam, Ripsy will lead the business strategy and operations “for Plaid’s Europe arm as it… Read More

April 13, 2022 @ 5:46 am By Omar Faridi  |  

Paymob, MENA region’s virtual payments provider, has announced its formal market entry, and “start of operations, in Pakistan.” Paymob’s expansion into Pakistan follows its steady growth in its home market of Egypt, plus Jordan and other world regions where – combined – it “services tens… Read More

April 13, 2022 @ 5:12 am By JD Alois  |  

JULO, an online lender serving consumers in Indonesia, has raised $80 million in capital from Japan-based Credit Saison. The new funding is split between $30 million in equity plus a $50 million debt facility. Investors from previous rounds include Skystar Capital, Saratoga Investama, East Ventures,… Read More

April 13, 2022 @ 1:53 am By Tony Zerucha  |  

IMMO, a tech-driven residential investment platform that helps people sell, rent and invest in single-family rental (SFR) housing, has closed a $75 million Series B equity funding. The round was led by Oak HC/FT, a US-based venture and growth equity fund investing in healthcare and fintech, alongside Moore Speciality… Read More

April 13, 2022 @ 1:33 am By Omar Faridi  |  

Splitero, the financial services firm that offers homeowners better options to access home equity, has announced that it has acquired $5.8 million in seed funding, “led by Gemini Ventures.” Additional investors reportedly include Permit Ventures, Fiat Ventures, and others.” As noted in an update shared… Read More

April 13, 2022 @ 12:57 am By Tony Zerucha  |  

Results of a survey commissioned by paytech firm Opy suggest BNPL could help lower the fears consumers have about some major medical expenses. The survey of 1,000 Americans focused on BNPL as an alternative payment method for dental care and veterinarian costs. According to the… Read More

April 13, 2022 @ 12:25 am By Tony Zerucha  |  

  RociFi, a decentralized zero and under-collateralized lending protocol, this week announced the completion of a $2.7 million seed funding round Arrington, Goldentree, Nexo, LD Capital, and Skynet Trading. The company has developed a protocol that leverages on-chain data, machine learning and decentralized identity data to… Read More

April 12, 2022 @ 11:47 pm By Omar Faridi  |  

Hong Kong’s insurance firm OneDegree recently revealed that it has agreed to a 3-year  partnership with Munich Re in order to introduce OneInfinity, a digital asset insurance product. As noted in the update, OneInfinity is an insurance and tech product offering developed specifically for digital… Read More

April 12, 2022 @ 11:20 pm By Tony Zerucha  |  

Genies, an avatar technology company, today announced it has raised a $150 million Series C round led by Silver Lake. The investment values the company at $1 billion and includes participation from existing investors BOND, NEA, and Tamarack Global. The funds are earmarked for engineer… Read More

April 12, 2022 @ 10:47 pm By Omar Faridi  |  

PledgeCrypto, developed by Pledge, the fundraising platform that Ariana Grande used for Trans Day of Visibility, now provides fundraising with over 130 different virtual currencies, including Bitcoin, Ethereum (ETH), and Tether that “immediately converts to fiat (USD), eliminating the need for nonprofits to manage crypto… Read More

April 12, 2022 @ 10:08 pm By Omar Faridi  |  

Investcorp, a global alternative investments firm, recently announced the launch of eLydian Lion, which is reportedly the first dedicated institutional blockchain fund based in the GCC, with “a global investment mandate.” The Fund – which will be led from Investcorp’s Abu Dhabi office – will… Read More

April 12, 2022 @ 10:00 pm By JD Alois  |  

As has been previously reported, the European Union has approved pan-European securities crowdfunding or European Crowdfunding Service Providers Regulation (ECSPR). This means that issuers may solicit investors across all 28 EU member states. The new regulation enables early-stage firms to raise up to €5 million. Previously,… Read More