March 10, 2022 @ 2:43 pm By Tony Zerucha  |  

Paxos, a blockchain infrastructure platform, announced it has received in-principle approval from the Monetary Authority of Singapore (MAS) to operate digital payments token services under the Payment Services Act 2019. With this license, Paxos becomes one of the first blockchain services providers to meet the highest standard… Read More

March 10, 2022 @ 11:44 am By Omar Faridi  |  

Open Banking Fintech firm Bud has confirmed its Australian market debut after obtaining accreditation from the Australian Competition and Consumer Commission in order to offer a range of Open Banking services. The Fintech firm, named an international player in Open Banking intermediary services in Forrester’s… Read More

March 10, 2022 @ 11:39 am By JD Alois  |  

Congressman Tom Emmer, a supporter of blockchain technology and crypto in general, has tweeted out his thoughts on the Executive Order on Digital Assets. Published yesterday by the Biden White House, the Executive Order has been widely embraced by the crypto community as doing no… Read More

March 10, 2022 @ 11:08 am By JD Alois  |  

Goldman Sachs (NYSE:GS), the most prominent investment bank in the world, will exit the Russian market due to the unprovoked war with Ukraine, according to multiple reports. Goldman Sachs has had a presence in Russia since 1998. On the bank’s Russia page it notes that… Read More

March 10, 2022 @ 10:48 am By Tony Zerucha  |  

Fortis, a payment and commerce technology company for software providers, marketplaces, developers, and businesses, today announced its partnership with Lockstep. The union gives customers full access to Lockstep Receivables, an ERP-integrated accounts receivable automation software that automates collections, enables online payment acceptance, and improves cash… Read More

March 10, 2022 @ 10:42 am By JD Alois  |  

Estateguru, an online investment platform matching SMEs in need of capital with individual investors, will lunch a fund targeting institutional investors in a move that should significantly scale the firm’s operations. Importantly, the European Investment Fund (EIF) has committed to be an anchor investor in… Read More

March 10, 2022 @ 10:14 am By Omar Faridi  |  

In order to support victims of the unprovoked Russian invasion of Ukraine, digital asset firm Kraken is preparing an aid package distributing more than $10 million “directly to affected clients.” Beginning on March 10, 2022, and running until July 1, 2022, Kraken customers who created… Read More

March 10, 2022 @ 9:38 am By Omar Faridi  |  

Nexus Mutual will execute (what it claims to be) the “single largest” DAO treasury deposit on Bancor this week, joining other DAOs that have staked treasury funds on Bancor. The deposit of more than $2.2 million wNXM comes as an increasing number of DAOs and… Read More

March 10, 2022 @ 9:28 am By Tony Zerucha  |  

The National Bank of Ukraine has received the first tranche of $1 million raised by Solana enthusiasts from all over the world through a dedicated initiative. The initiative, dubbed Aid for Ukraine, is powered by Everstake, FTX, Solana Labs, the Metaplex Foundation and Ukraine’s Ministry for Digital Transformation via… Read More

March 10, 2022 @ 9:24 am By Omar Faridi  |  

The Interchain Foundation (ICF), a Swiss non-profit that is focused on advancing interoperable, sustainable, and community-owned decentralized networks, confirms that the Inter-Blockchain Communication protocol (IBC), the backbone of the Cosmos ecosystem, “surpassed 11 million transfers in February.” Introduced in March 2021 as part of Cosmos’… Read More

March 10, 2022 @ 9:22 am By Tony Zerucha  |  

CoFi announced today it has raised $7 million in seed funding to improve its construction financing experience. The round, which was led by Blackhorn Ventures, Metaprop, and Tenacity, will help CoFi process billions of dollars in active loan requests nationwide. With the new funding, CoFi will help… Read More

March 10, 2022 @ 9:01 am By Omar Faridi  |  

HyperionDev, a company that teams up with top ranked universities such as the University of Edinburgh to deliver university certified coding bootcamps online & onsite, has raised 132% (£2,654,165) of its £2,000,000 target via Crowdcube (at the time of writing) from 600 investors with 11… Read More

March 10, 2022 @ 9:00 am By JD Alois  |  

Real estate investment platform Roofstock has raised a $240 million Series E round at a $1.9 billion valuation, according to a statement from the company. Simultaneously, Roofstock shared that it has topped $5 billion in transaction volume as it gears up for more growth. The… Read More

March 10, 2022 @ 8:57 am By Omar Faridi  |  

The team at digital asset firm Okcoin is following on their announcement in December 2021 to launch “Crypto for All,” which is described as an initiative “aimed at democratizing knowledge and access to crypto.” Here are the initiatives that Okcoin is currently supporting and also… Read More

March 10, 2022 @ 8:22 am By Tony Zerucha  |  

Hakkoda, a cloud data company, today announced it has launched a new multi-party analytics offering on Snowflake designed for financial services companies. The new solution will enable banks and lenders to unlock new customer insights with deeper analytics from their Snowflake Data Cloud. To lead the new… Read More

March 9, 2022 @ 10:30 pm By Omar Faridi  |  

Bharti Airtel, India’s communications solutions provider, and Axis Bank, India’s third-largest private sector bank, announced a partnership “to strengthen the growth of India’s digital ecosystem through a range of financial solutions.” In a bid to accelerate adoption of digital payments in India, over the coming… Read More

March 9, 2022 @ 9:32 pm By Omar Faridi  |  

Tesco Bank is reportedly using biometric authentication tech from Onfido in order to accelerate onboarding for its Clubcard Pay+ account, through which clients may ring-fence their grocery spend from any existing bank account. Introduced in January 2022, Tesco Clubcard Pay+ allows members to make payments… Read More

March 9, 2022 @ 8:36 pm By Omar Faridi  |  

Paysend, the card-to-card pioneer and international payments platform, announced that its U.S. customers may send funds “directly to eligible Mastercard cards in over 60 countries, including Mexico, Guatemala, Dominican Republic, Honduras, El Salvador and Colombia, as well as within the U.S.” Recipients will generally see… Read More

March 9, 2022 @ 7:39 pm By Omar Faridi  |  

Glean AI, the intelligent accounts payable firm, has secured $10.8 million in seed financing from Contour Venture Partners (lead investor), Amex Ventures, Infinity Ventures, B Capital Group, Portage Ventures, Parameter Ventures, and several other venture funds and angel investors. The proceeds from the investment round… Read More

March 9, 2022 @ 5:26 pm By Omar Faridi  |  

Stax, a comprehensive payments platform, announced its new funding raise of $245 million. Led by sibling co-founders Suneera Madhani, CEO, and Sal Rehmetullah, president, Stax celebrates this milestone at a time when “less than three percent of venture capital goes to minorities and less than… Read More