November 23, 2021 @ 1:08 pm By Omar Faridi  |  

Axelar, the universal interoperability network connecting different blockchain ecosystems, apps, assets, and users, has announced that it secured an investment from Crypto.com Capital, the investment unit of cryptocurrency giant Crypto.com. This investment will “support Axelar’s mission to bring decentralized interoperability to blockchain ecosystems,” according to… Read More

November 23, 2021 @ 10:52 am By Omar Faridi  |  

EWO place, a “ReTech” company that provides a no-rent model based on its own properties worldwide, notes that consumers are feeling frustrated as they are being “priced out” of renting or not being able to afford a place to live. The housing crisis is increasingly… Read More

November 23, 2021 @ 10:14 am By JD Alois  |  

LinkedFinance is warning businesses to “avoid feeding dangerous 1980s inflationary spiral.” LinkedFinance is a peer-to-peer lender serving Irish SMEs. While business optimism remains high, nearly one-third of Irish companies are charging higher prices as the labor market tightens, states the company. According to the Linked… Read More

November 23, 2021 @ 10:01 am By Omar Faridi  |  

KeyBank National Association has announced that it has acquired XUP Payments, a B2B focused digital platform. XUP’s tech supports simple, intuitive, client onboarding and “servicing experiences.” Its team of engineers has developed integrations with processors, 3rd party risk tools, customer relationship management systems, and other… Read More

November 23, 2021 @ 9:49 am By JD Alois  |  

Azimo and Trustly have partnered to facilitate cross-border payments in Europe. Azimo is a money transfer service that aims to be the best way to send money to more than 190 different countries around the world. Trustly is an open banking platform targeting the payments… Read More

November 23, 2021 @ 9:16 am By JD Alois  |  

Circle, a digital asset firm that is a top stablecoin issuer and owner of investment platform SeedInvest, has invested $10.5 million in Crowdcube. The total funding round was $13.5 million. Circle’s investment in Crowdcube was made via USD Coin (USDC) – a dollar-based stablecoin. The percentage… Read More

November 23, 2021 @ 8:09 am By Omar Faridi  |  

UK Finance notes in an update that it brought the payments industry together to “consider the future opportunity for open banking payments and how the market could collaboratively shape that future.” There are now more than 2.5 million Open Banking payments every month compared to… Read More

November 23, 2021 @ 8:06 am By Omar Faridi  |  

One in every two UK residents is reportedly looking to give up their credit card completely for  Christmas shopping in 2021, with two-thirds or 66% of credit card holders saying they want to avoid having to pay excessive credit card interest. Even though credit cards… Read More

November 23, 2021 @ 8:01 am By Omar Faridi  |  

The team at UK-based Fintech Modulr says they wanted to let their community know that they’ve been named a 2021 Deloitte UK Technology Fast 50 winner. Now in its twenty-fourth year, the Deloitte Technology Fast 50 is one of the United Kingdom’s tech awards programs,… Read More

November 22, 2021 @ 11:37 pm By Omar Faridi  |  

The Mobile Banking Benchmark 2021 survey reveals that Hong Kong-based digital banks Mox and Livi stood out as the leading local platforms, though there’s overall a gap between Asian and European service providers. The survey has been carried out by management consulting company Sia Partners… Read More

November 22, 2021 @ 10:37 pm By JD Alois  |  

Global bank Citi (NYSE:C) is going on a crypto hiring spree, according to a report by Bloomberg. Citi is said to be hiring 100 people to support its emerging digital asset business that caters to institutional investors. Puneet Singhvi is said to have been appointed… Read More

November 22, 2021 @ 9:44 pm By JD Alois  |  

Hong Kong Licensed investment crowdfunding platform AngelHub has shared an update on platform operations. AngelHub is licensed and regulated by the Securities and Futures Commission for Type 1 (Dealing in Securities) and Type 4 (Advising on Securities) activities in Hong Kong. AngelHub was the first… Read More

November 22, 2021 @ 9:07 pm By Omar Faridi  |  

Rizal Commercial Banking Corporation (RCBC), which was formed in 1960 as a development bank and is licensed by the Bangko Sentral ng Pilipinas (nation’s central bank) for commercial and investment banking, reveals that its financial inclusion app DiskarTech has reached a five-digit organic growth in… Read More

November 22, 2021 @ 8:31 pm By Omar Faridi  |  

GCC-headquartered early-stage VC company VentureSouq has introduced a $50 million MENA region Fintech Fund I. As mentioned in the announcement, the MENA Fintech Fund I is the first sector-wide Fintech-focused fund to be introduced across the Middle East area and Pakistan. The new Fund is… Read More

November 22, 2021 @ 8:17 pm By Omar Faridi  |  

Singapore-headquartered Pace, a Buy-Now-Pay-Later (BNPL) service provider, has acquired $40 million in capital as part of its Series A round. Investors that participated in Pace’s investment round include UOB Venture Management (Singapore), Marubeni Ventures (Japan), Atinum Partners (South Korea), AppWorks (Taiwan), and several family offices… Read More

November 22, 2021 @ 7:30 pm By Omar Faridi  |  

MCIS Insurance (MCIS Life) has reportedly acquired a 4.99% stake in Merchantrade Asia, which is a Malaysian money services solution provider (for an undisclosed amount). The acquisition is expected to support MCIS Life’s digital transformation efforts while leveraging Merchantrade’s all-digital capabilities, access to a vast… Read More

November 22, 2021 @ 5:21 pm By Omar Faridi  |  

Research from online pension provider, PensionBee, reveals that nearly a third of savers (32%) think that it doesn’t matter whether they notify their pension provider(s) of a change of address, as they will still have a way to contact them. This belief may be quite… Read More

November 22, 2021 @ 5:01 pm By JD Alois  |  

MetaSoccer, an earn-to-play football metaverse developed primarily on the blockchain, says it has raised  €2 million to launch the first football game in the metaverse. In a release, Barcelona-based MetaSoccer said that investors include Play Ventures, Defiance Capital, Parafi Capital, DAO Maker, Kyros Ventures, Metrix… Read More

November 22, 2021 @ 4:44 pm By Omar Faridi  |  

Businesses require cash to grow their operations. That’s something company founders and CEOs know really well – even when business is picking up, the MarketFinance team writes in a blog post. UK-based MarketFinance, which is a leading online lender that recently raised £280 million in… Read More

November 22, 2021 @ 4:05 pm By JD Alois  |  

Republic, a lead investment crowdfunding platform, has announced Republic Local –  a vision of bringing securities crowdfunding to main street businesses. Republic Local is said to be an extension of NextSeed, a crowdfunding platform acquired by Republic in late 2020. At that time, Republic said… Read More