January 29, 2022 @ 12:41 pm By Omar Faridi  |  

The sustainable development goal-linked investment app Etcho reports that it has finalized its pre-seed round, by securing £279,000 from angel investors via Crowdcube. Linking to the United Nation’s 17 SDGs, the Fintech app from Etcho enables users to select the goals they are most passionate… Read More

January 29, 2022 @ 12:36 pm By Omar Faridi  |  

More than 1.5 million US banking/payment cards may reportedly be found via the dark web, according to a study carried out by cybersecurity firm NordVPN. The study by NordVPN reveals that a total of 1,561,739 American payment card details had been discovered by researchers. This… Read More

January 29, 2022 @ 10:48 am By Omar Faridi  |  

At 9:34PM UTC on January 27, 2022, a bad actor started their exploit of Qubit Finance’s Ethereum (ETH) to Binance Smart Chain (BSC) bridge. As noted in an update from CertiK, this particular exploit “ended up netting them 77,162 qXETH ($185 million), which they then… Read More

January 29, 2022 @ 10:46 am By Omar Faridi  |  

Paul Krugman, an American economist and public intellectual, who is Distinguished Professor of Economics at the Graduate Center of the City University of New York, has warned consumers about the volatile virtual currency markets. Krugman, a Nobel-prize-winning economist, has compared the fast-evolving cryptocurrency markets to the… Read More

January 29, 2022 @ 10:42 am By JD Alois  |  

Unblocked, aka The Non Fungible Token Company (NFTCo), says it has finalized a $10 million seed funding round at a post-money valuation of $90 million.  Unblocked adds that it previously raised $5 million in pre-seed funding in 2021. Investors include Tiger Global, Penske Media, Electric… Read More

January 28, 2022 @ 9:04 pm By Tony Zerucha  |  

KKR, a global investment firm, and GrowSari, a B2B e-commerce platform serving micro, small and medium-sized enterprises in the Philippines, this week confirmed KKR will invest US$45 million to lead GrowSari’s Series C funding round. The funds will support regional expansion and product development capabilities…. Read More

January 28, 2022 @ 7:10 pm By Omar Faridi  |  

Bank Indonesia (BI) and Bank Negara Malaysia (BNM) announced on January 27, 2022 that they’ve launched a cross-border QR payment linkage. It will “enable instant, secure and efficient cross-border payments between Indonesia and Malaysia.” Via this linkage, consumers in both nations will be able to… Read More

January 28, 2022 @ 6:47 pm By Omar Faridi  |  

Paystone has announced the acquisition of Canadian Payment Services (CPS), which is reportedly one of the fastest-growing providers of Canadian merchant services. As mentioned in the update, this acquisition is the sixth addition to Paystone’s portfolio of acquisitions, having acquired five other companies in the… Read More

January 28, 2022 @ 6:32 pm By JD Alois  |  

Digital asset prime brokerage Genesis published a report on Q4 operations this week. Genesis serves institutional investors and select accredited investors with assets of $10 million or more. According to Genesis, Q4 2021 was its stronger quarter ever with approximately $102 billion in transactional volume…. Read More

January 28, 2022 @ 6:18 pm By Omar Faridi  |  

CurveGlobal Markets is closing its digital or online platform for the last time on Friday, January 28, 2022 – after more than 5 years of operations. As a reminder to those few position holders – your positions will all be cash-settled post close on Friday… Read More

January 28, 2022 @ 6:09 pm By Omar Faridi  |  

IHS Markit (NYSE: INFO), a key player in critical information, analytics and solutions, has announced a partnership with METACO, the provider of security-critical software and infrastructure to Tier 1 banking institutions operating in the crypto-asset ecosystem. As mentioned in an update shared with Crowdfund Insider,… Read More

January 28, 2022 @ 6:04 pm By Omar Faridi  |  

InComm Payments, a payments tech firm, announced that it has teamed up with Cuentas, Inc. (Nasdaq: CUEN & CUENW), a Fintech provider of mobile banking and payment solutions focused on Hispanic and Latino communities, in order to issue transit cards (tap and go) at participating… Read More

January 28, 2022 @ 5:58 pm By Omar Faridi  |  

NatWest Group, the banking and financial services organization that serves around 19 million UK clients, has reportedly become the first major banking institution to sign-up and support the Good Business Pays campaign. NatWest Group is one of the largest business and commercial banks in the… Read More

January 28, 2022 @ 1:01 pm By Omar Faridi  |  

In 2017, the team at CoinTracker began “tinkering” with cryptocurrency. CoinTracker writes in a blog post that they set up accounts on several different exchanges and started using a bunch of digital wallets. The company points out that while exchanges and virtual wallets have made… Read More

January 28, 2022 @ 12:56 pm By Omar Faridi  |  

The INX Digital Company, Inc. (NEO: INXD), the owner of crypto-asset trading platforms, is pleased to confirm that the firm’s common shares will begin trading on the Neo Exchange Inc., under the ticker symbol “INXD”. The firm and its wholly-owned subsidiaries together form the “INX… Read More

January 28, 2022 @ 12:51 pm By Omar Faridi  |  

Automobile dealership JCT600 has reportedly become the first retailer in the UK to use Lloyds’ PayFrom Bank account-to-account payment solution, displacing plastic cards at the online checkout. Introduced in July 2021, PayFrom Bank brings together Mastercard’s Payment Gateway capabilities/functionality and its Open Banking Connect platform… Read More

January 28, 2022 @ 12:43 pm By Omar Faridi  |  

The UK’s Payment Systems Regulator (PSR) has released its initial remedies consultation for its card-acquiring market review. Each time a consumer carries out a card payment – for instance, when purchasing their weekly groceries – the merchant makes use of card-acquiring services to take the… Read More

January 28, 2022 @ 10:42 am By JD Alois  |  

Knightscope, a company that has raised growth capital via multiple crowdfunding rounds, commenced trading on the NASDAQ yesterday under the ticker symbol KSCP. The listing on NASDAQ was announced during its most recent crowdfunded securities offering listed on StartEngine. As of today, shares in Knightscope… Read More

January 28, 2022 @ 10:04 am By Omar Faridi  |  

Surecomp has announced that Rabobank, the second-largest Dutch banking institution, is now fully operational with its integrated back and front-office digital trade finance services DOKA-NG and allNETT. Rabobank has introduced one of its Marketplace partner services – the digital adoption platform Walkme™, which is reportedly… Read More

January 28, 2022 @ 9:29 am By Omar Faridi  |  

The team at Fireblocks has announced that they’ve acquired $550 million in capital through a Series E round. This brings Fireblocks‘ valuation to $8 billion, making the Fintech firm “the highest-valued digital asset infrastructure provider in the world.” As mentioned in the update from Fireblocks:… Read More