December 17, 2021 @ 7:30 am By Omar Faridi  |  

Deutsche Börse has completed the acquisition of a majority stake in Crypto Finance, a FINMA-regulated provider of trading, custody, and investment services for digital assets. The agreement was “signed in June, and closing was on 15 December 2021,” the announcement confirmed. The acquisition lays the… Read More

December 16, 2021 @ 11:43 pm By Omar Faridi  |  

Haiyan Huang from marketplace lender Prosper has shared performance data from the Prosper Portfolio for November 2021. Here are the key highlights (shared by Prosper) from the report. Performance Update In November 2021, around 62% of loan originations “were rated AA-B.” Average loan size “decreased… Read More

December 16, 2021 @ 8:43 pm By JD Alois  |  

bolttech and Samsung have expanded their device protection partnership to multiple European markets. Today, the collaboration exists in 13 markets including Belgium, The Netherlands, Norway, Sweden, Finland, and Denmark. A similar arrangement exists in seven countries in Asia. The Samsung Care+ program, operated in partnership… Read More

December 16, 2021 @ 8:36 pm By Omar Faridi  |  

Hong Kong tech startup, Bloom, has announced a collaboration with AIA Hong Kong  in order to launch “Care for You 24” – AIA’s first scenario-based protection that “revolves around customers’ lifestyle touchpoints and scenarios – to offer instant cover for their purchases.” “Care for You… Read More

December 16, 2021 @ 8:31 pm By Tony Zerucha  |  

Lending platform F88 Business has entered into a new strategic partnership with CIMB Bank Vietnam to promote financial inclusion to the unserved and underserved sector of the economy. According to the latest figures from the General Statistics Office, Vietnam had more than 28.2 million people who were… Read More

December 16, 2021 @ 7:31 pm By Tony Zerucha  |  

Aventus Network, a Layer-2 blockchain protocol that brings scalability, lower costs, and speed to Ethereum transactions, recently launched its native utility token AVT on Bittrex Global. The token fuels the Aventus Network through powering transactions, supporting validator activity and by proofing governance. Since the launch of… Read More

December 16, 2021 @ 6:08 pm By JD Alois  |  

Following the House Financial Services Committee hearing on cryptocurrency last week, the Senate Banking Committee held a related hearing to discuss the stablecoin market. Entitled Stablecoins: How Do They Work, How Are They Used, and What Are Their Risks?, the Senate Banking Committee had a single… Read More

December 16, 2021 @ 4:26 pm By Tony Zerucha  |  

Two senior vice presidents from e-commerce platform Fluent Commerce recently shared their predictions for the industry trends that will shape 2022 Jamie Cairns, SVP channel & alliances, Fluent Commerce Supply chain disruption will continue “The global pandemic has meant huge disruption to retailer’s supply chains… Read More

December 16, 2021 @ 3:56 pm By Tony Zerucha  |  

While payments companies are looking to increase their reach across multiple channels, they better keep the focus on customer service as they expand, or their best efforts could fall short, two executives at TokenEx said recently. TokenEx chief operating officer Matthew Meehan said the future… Read More

December 16, 2021 @ 3:53 pm By Omar Faridi  |  

EBANX, the payments platform in Latin America, announced on December 15, 2021 that it has acquired Remessa Online, a Brazilian Fintech firm that specializes in international remittance services, “in a deal valued at $229 million.” With the addition of Remessa Online’s expertise and tech, EBANX… Read More

December 16, 2021 @ 3:51 pm By Tony Zerucha  |  

CoinShares, a European digital asset investment firm with more than $4.7 billion of assets under management, this week announced a partnership with Scalable Capital, a European digital wealth manager, and neo broker. Scalable Crypto is now available as part of Scalable Capital’s mobile app and allows Scalable… Read More

December 16, 2021 @ 3:48 pm By JD Alois  |  

Buy now, pay later, services may be receiving more scrutiny if several Senate Democrats have their way. Yesterday, Senators Jack Reed, Sherrod Brown, Elizabeth Warren, Chris Van Hollen, Tina Smith, and Jon Ossoff, sent a letter to the Consumer Financial Protection Bureau (CFPB) urging Director… Read More

December 16, 2021 @ 3:12 pm By Tony Zerucha  |  

bsurance, a B2B2C embedded insurance platform, and Kika/Leiner Group, a European furniture retailer, have come together to create an in-store and online embedded insurance experience. The partnership extends the offering Kika/Leiners and bsurance which enables customers at its 42 stores in Austria to get personalized… Read More

December 16, 2021 @ 3:07 pm By Tony Zerucha  |  

Nansen, a blockchain data analytics platform, has raised a $75 million Series B round led by Accel. GIC, Andreessen Horowitz (a16z), Tiger Global, and SCB 10X are among the VCs and angel investors who also participated in the round. This funding will be used to… Read More

December 16, 2021 @ 11:46 am By Omar Faridi  |  

JST Capital, an international financial services company specializing in digital assets, has  announced that it has joined the Pyth Network, which claims to be a next-gen Oracle platform designed to offer trusted and verifiable market data to decentralized applications (dApps), and will be offering real-time… Read More

December 16, 2021 @ 11:42 am By JD Alois  |  

JustiFi has announced a $6.6 million seed round led by Emergence Capital and Rally Ventures, according to a statement by the firm. JustiFi is a Fintech that offers “vertical SaaS platforms” a suite of embedded financial tools, including payments and banking features. Justifi states that… Read More

December 16, 2021 @ 10:41 am By Omar Faridi  |  

Papaya, a mobile bill payment app that simplifies bill payments for consumers, announced that it has secured $50 million via a Series B round. Papaya’s investment round has been led by Bessemer Venture Partners along with contributions from Sequoia Capital, Acrew Capital, 01 Advisors, Mucker… Read More

December 16, 2021 @ 10:37 am By JD Alois  |  

The transformation of analog finance to digital finance is ongoing but the onset of the global health crisis of COVID-19 has accelerated digital transformation for all. For Fintech, this has meant a boom in digital (neo) banking, investing platforms, and a host of other financial… Read More

December 16, 2021 @ 10:04 am By Omar Faridi  |  

Pascal WealthTech recently announced that it has acquired Living Wealth Media Inc., which is a digital relationship marketing platform built and designed for wealth advisors, “in an all-stock transaction.” As mentioned in an update shared with CI, Living Wealth will continue as “a standalone product,”… Read More

December 16, 2021 @ 10:02 am By Omar Faridi  |  

Global Fintech firm MODIFI has announced $145 million in debt financing with existing bank partners Silicon Valley Bank and Solarisbank. The proceeds will be channeled towards addressing rising demand and help more SMEs with trading internationally on MODIFI’s digital platform. The COVID-19 outbreak has “negatively… Read More