April 12, 2022 @ 9:36 am By JD Alois  |  

Biz2Credit’s Small Business Lending Index for March indicates that loan approval rates rose during the month at banks as well as some non-bank lenders. Loan approvals at larger banks ($10m + in assets) reportedly rose from 14.7% in February to 14.9% in March, and small… Read More

April 12, 2022 @ 9:25 am By JD Alois  |  

NFT Investments PLC (AQSE: NFT) announced in January that it had signed a non-binding letter of intent for the proposed acquisition of Pluto Digital PLC for a consideration of £96 million to be satisfied in NFT shares, subject to shareholder approval. Headquartered in London, NFT… Read More

April 12, 2022 @ 9:07 am By JD Alois  |  

Stenn, an SME financing platform based in the UK, has raised $50 million in equity at a $900 million valuation, according to the company. Stenn was founded in 2015 by Greg Karpovsky, who has more than 20 years’ experience in digital trade finance. Centerbridge, based… Read More

April 12, 2022 @ 8:50 am By Omar Faridi  |  

White Star Capital, a multi-stage tech venture capital investment platform that backs founders building interantional businesses, announced the initial close of its second Digital Asset Fund (DAF II). The fund, which will continue to invest in crypto-networks and early-stage blockchain or DLT-powered Web3 businesses, with… Read More

April 12, 2022 @ 8:13 am By JD Alois  |  

Capital on Tap, a platform providing access to capital to SMEs in the UK and USA, has secured a $200m funding facility with HSBC and Värde Partners, according to a company statement/ Launched in 2012, Capital on Tap launched reports over £3.5 billion of funding… Read More

April 12, 2022 @ 8:06 am By Omar Faridi  |  

Philippines-based Fintech Voyager Innovations has acquired $210 million in capital from trading and investment company Susquehanna International Group and existing backers such as US-based private-equity company KKR & Co. and Chinese tech firm Tencent Holdings Ltd. The operator of payment and financial services app PayMaya… Read More

April 12, 2022 @ 7:58 am By Omar Faridi  |  

  Ethereum’s (ETH) very first mainnet shadow fork has gone live (as of April 11, 2022). This, as the developers of the second-largest digital currency by market capitalization continue the gradual transition to a proof-of-stake or PoS (blockchain) consensus model. The shadow fork is a… Read More

April 12, 2022 @ 7:55 am By Omar Faridi  |  

BNP Paribas Securities Services has reportedly carried out a technical proof of concept  for mutual fund transfers via tech provider fundsonchain‘s settlement platform. The fundsonchain platform supports the complete fund processing by automating it through end-to-end processing of tokenized fund shares, based on distributed ledger… Read More

April 12, 2022 @ 1:07 am By Omar Faridi  |  

Improbable, the UK-headquartered Metaverse tech firm, recently announced that it raised $150 million in capital “to establish and develop M² (MSquared), a network of interoperable Web3 metaverses powered by its Morpheus technology.” The global Metaverse revenue opportunity “is expected to be worth $800bn by 2024,… Read More

April 11, 2022 @ 11:32 pm By Omar Faridi  |  

Following a year-long pilot that has seen over £43 million awarded to innovation in the water sector, Ofwat – the water regulator for England and Wales – is “launching a consultation to seek views about how to continue this momentum.” The £200m Water Innovation Fund… Read More

April 11, 2022 @ 11:17 pm By Omar Faridi  |  

Discover (NYSE: DFS) recently “revitalized” the consumer checking landscape with the introduction of its “benefits-packed” Cashback Debit account with “user-friendly” features, like early access “to paychecks up to two days in advance1 and a mobile-first banking experience.” Discover builds on its Cashback Bonus® rewards and… Read More

April 11, 2022 @ 11:17 pm By Omar Faridi  |  

CYTRIO, a data privacy compliance company, has added support for the European Union’s General Data Protection Regulation (GDPR) to its all-in-one, cloud-native data privacy rights management automation solution. GDPR impacts any company, “regardless of location, that collects, uses, shares, or stores personal information from European… Read More

April 11, 2022 @ 10:52 pm By Omar Faridi  |  

Quantexa, the international data and analytics software company “pioneering” Contextual Decision Intelligence (CDI), recently announced that Dan Higgins has been “appointed as Quantexa’s new chief product officer, joining the rapidly growing global technology company’s executive leadership team.” In this role, Higgins will have executive responsibility… Read More

April 11, 2022 @ 10:47 pm By Omar Faridi  |  

Ellevest, the financial company built by women for women, recently announced a $53 million Series B round. The Fintech firm’s investment round was “co-led by BMO and Contour Venture Partners.” It included investments from several new women-led investors, “including Halogen Ventures, Cleo Capital, New York… Read More

April 11, 2022 @ 10:46 pm By JD Alois  |  

OneConnect Financial Technology Co., Ltd, part of the Ping An Group, has signed a 10-year exclusive strategic partnership with Pismo, a banking Software-as-a-Service (SaaS) provider. According to a company statement, OneConnect current services will be augmented by Pismo’s “multi-tenant SaaS platform” to serve a broader… Read More

April 11, 2022 @ 10:36 pm By Omar Faridi  |  

Liquidity Group recently announced that it has entered into agreements with respect to “approximately $775 million in capital commitments year-to-date 2022, led by funds and entities managed by affiliates of Apollo (NYSE: APO).” The commitments, which are “subject to satisfaction of certain conditions,” will reportedly… Read More

April 11, 2022 @ 10:30 pm By Omar Faridi  |  

Hong Kong – ZA Tech Global Limited, a Singaporean tech venture founded by ZA International and backed by Softbank’s Vision Fund 1, has become “the latest strategic partner to collaborate with Aladin Bank as an investor and a business partner, and is fully committed to… Read More

April 11, 2022 @ 9:35 pm By Omar Faridi  |  

Temenos (SIX: TEMN), the Cloud banking platform, recently announced that Battle Financial, Inc. has selected Temenos Banking Cloud “to underpin the global markets technology stack for Battle Bank.” With Temenos core banking and payments solutions, Battle Bank will be able “to offer its clients a… Read More

April 11, 2022 @ 7:50 pm By Omar Faridi  |  

Unifimoney Inc., a “turnkey” digital wealth management platform for Community Banks and Credit Unions, recently announced a $10 million seed funding round. Unifimoney’s platform offers “a comprehensive digital wealth management platform with trading of over 70 cryptocurrencies, passive and active investing in thousands of stocks… Read More

April 11, 2022 @ 7:48 pm By JD Alois  |  

Wefunder, a top FINRA regulated funding portal, says it had a banner week as it raised more funding under Reg CF than ever before. According to a tweet from Jonny Price, Wefunder Vice President of Fundraising, Wefunder raised just shy of $14 million in seven… Read More