London Stock Exchange Group (LSEG) to Acquire MayStreet

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London Stock Exchange Group (LSEG) recently announced that it has signed an agreement to acquire MayStreet, a market data solutions provider. Founded in 2012, MayStreet provides “high-quality” global low latency technology and market data to more than 65 industry participants, “including banks, asset managers and… Read More

UK Fintech Modulr Finalizes $108M Series C Led by General Atlantic

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Modulr, an embedded payments platform for digital businesses, recently announced that it has raised $108m (£83m) in Series C funding that was led by General Atlantic, a global growth equity firm. The investment round also “included significant participation from existing investors including Blenheim Chalcot, Frog… Read More

UK’s Thought Machine Secures $160M via Series D, Doubling Valuation to $2.7B

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Thought Machine, the Cloud native banking tech firm, recently announced it has closed its series D funding round, led by Temasek, the global investment company headquartered in Singapore, “with participation from Intesa Sanpaolo and Morgan Stanley.” Existing investors following-on in this investment round reportedly include:… Read More

Neon, Brazil’s Newest Unicorn, Drives Innovation to Address Financial Inequalities

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Neon, a Fintech firm and digital bank focused on “improving the lives of working Brazilians,” has announced an overview of the company’s growth and momentum that “led up to its recent US$300M Series D round, resulting in a valuation of US$1.6B and its achievement of… Read More

Open Banking Fintech Volt Introduces Transformer to Help Merchants Bypass High Interchange Fees

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Open Banking Fintech Volt has introduced a product aimed at helping merchants save on excessive debit card (interchange) fees by encouraging shoppers “to seamlessly switch to an open banking payment AFTER choosing to pay with a debit card at the checkout.” After recognizing the banking… Read More

Ophelos Teams Up with Consumer Lending Fintech Plend for “Ethical” Debt Resolution

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Ophelos, the technology firm building “fairer” debt resolution for businesses and their customers, announces it has partnered with Plend, an “ethical” consumer lender using Open Banking “to provide affordable loans to those struggling with access to credit.” Both pending B-corporations, Plend and Ophelos are closely… Read More

ESMA Tells European Crowdfunding Platforms to Speed Things Up in Transitioning to New Pan-European Regime

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The European Securities and Markets Authority (ESMA) has posted a statement encouraging crowdfunding providers to speed things up in migrating to the new pan-European rules. At the end of 2021, the European Union approved a new regulatory regime that enables issuers to raise capital online… Read More

Insurtech: Pie Insurance Doubles Premium, Number of Clients, Business Partners

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Pie Insurance, a technology-enabled provider of workers’ compensation insurance to small businesses, released its latest figures, “highlighting the company’s strong and sustainable growth since its founding in 2017.” In the first quarter of 2022, Pie more than doubled its gross written premium “over the same… Read More

Napier Expands North America Operations to Address Demand for AI-powered FinCrime Solutions

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Napier, the provider of anti-financial crime compliance solutions, has announced the addition of two key hires to strengthen its North America team. Shana Leyva joins as Head of Marketing and Danielle Labarbera as Head of Sales. The new hires “represent Napier’s latest investment in the… Read More

Dedicated Fintech VC Upfin Secures €30M for Early-Stage Investments

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Upfin says it is here to support “exceptional” fintech founders with capital, deep industry expertise, and a network within financial services. Upfin is led by a team “with extensive experience founding, operating, and supporting fintech.” At first closing Upfin is “backed by a sovereign wealth… Read More


Fintech Ripple and FINCI Introduce Benefits of On-Demand Liquidity to Lithuania

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Ripple, which claims to be the “leader” in enterprise blockchain and crypto solutions, announced a partnership with FINCI, the Lithuanian online international money transfer provider, “to deliver instant and cost-effective retail remittances and business to business (B2B) payments via RippleNet’s On-Demand Liquidity (ODL), which leverages… Read More

Paxos and State Street to Deliver Reduced Costs, T+0 Settlement in New Pilot

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Paxos, the regulated blockchain infrastructure platform, has teamed up with State Street (NYSE: STT). one of the “leading” providers of financial services to institutional investors, “to integrate State Street’s custodial services into the Paxos Settlement Service.” As part of the pilot, State Street was able “to… Read More

BIGG Digital Assets Hires Regulatory Affairs Director

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BIGG Digital Assets (CSE:BIGG, OTCQX: BBKCF, WKN: A2PS9W), owner of Blockchain Intelligence Group, has hired Kenneth A. Goodwin, Jr. as the Director of Regulatory and Institutional Affairs. According to BIGG, Goodwin brings extensive experience in global banking and capital markets in his new role. Lance… Read More

Fintech Dwolla Celebrates Nacha’s Announcement of Same Day ACH Transaction Limit Increase

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Dwolla, a Fintech powering innovation with sophisticated account-to-account payment solutions, “celebrates” Nacha‘s announcement of the Same Day ACH transaction limit increase “from $100,000 to $1 million.” Effective March 18, the $1 million limit was “applied to all Same Day ACH transactions.” Dwolla expects this update… Read More

Percent’s Corporate Loans to Provide Access to Venture Debt for Early-Stage VC-Backed Startups

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Percent, the platform powering the “future” of private markets, recently announced the launch of Corporate Loans, which offers VC-backed startups “a fast and seamless way to tap minimally-dilutive venture debt financing options – amid a slowing pace in growth-stage VC equity rounds.” Via its proprietary… Read More

Fintech Greenlight Announces Credit Card for Parents, 3% Cash Back to Auto-Invest

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Greenlight Financial Technology, Inc., the Fintech firm on a mission to help parents raise financially-smart kids, recently announced the Greenlight Family Cash Mastercard, a credit card designed “to help parents save for their kids’ college and family’s future.” The Family Cash Card is the “first… Read More

CFTC Gets Asset Freeze Regarding “$44M Misappropriation” in Alleged Digital Asset Fraud

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The Commodity Futures Trading Commission (CFTC) has filed an enforcement action alleging that Sam Ikkurty (aka Sreenivas I Rao), Ravishankar Avadhanam, and Jafia LLC, a company Ikkurty owns in Florida, with fraudulently soliciting at least $44 million to invest in a “so-called income fund” that sought… Read More

Atomic Powers Aura’s Investing Solution

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Atomic, a Fintech that enables consumer-facing firms to integrate wealth management and trading into their products, has partnered with “mindful money management platform” Aura. According to a company statement,  the two companies have launched an investing solution that aims to help individuals build long-term wealth…. Read More

Very Good Security Teams Up with Plaid to Improve Data Security for the Digital Finance Sector

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Very Good Security (VGS), a firm focused on protecting sensitive data, enabling innovation while ensuring security and privacy, announced an extended partnership with Plaid, a data network that powers the tools “millions of people” rely on to “live healthier financial lives.” VGS will be “a… Read More

Interledger Foundation Announces Call for Proposals for ILP-enabled Financial Services

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The Interledger Foundation (ILF) and its community are building pathways to financial access and opportunity across the globe. The organization supports people and ideas that use the Interledger Protocol (ILP) “to contribute to an open payments network built on equitable access through the internet.” In… Read More

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