AI Firm Konduit Spins Off from Skymind Global Ventures

Skymind Global Ventures (SGV), the venture arm of Skymind, has announced its first spin-off – Konduit.  According to the company, Konduit offers a portfolio of open source tools that support machine learning practitioners. The company’s goal is to bridge the gap between research and enterprise… Read More

Fintech Marqeta Raises $140 Million at Huge $4.3 Billion Valuation

Advised by Fintech investment bank FT Partners, Marqeta has raised $150 million at a valuation of $4.3 billion vaulting the company higher in the ranks of both global and US Fintech unicorns. The investment was led by one of the world’s largest asset managers coming… Read More

U.S. Fintech PruPay Joins Forces With PayPal to Launch Touchless Payments

  PruPay, a U.S.-based payments technology company, announced on Thursday it is joining forces with PayPal to launch touchless pay for customers through text messaging. PruPay states it works with some of the “largest players” in the financial industry to bring simple solutions to complex problems…. Read More

Goldman Sachs: Bitcoin (BTC) and other Cryptocurrencies are Not an “Appropriate” Asset Class

Research analysts at Goldman Sachs (NYSE: GS), a New York-based multinational investment bank and financial services company with around $1 trillion in assets, is still not convinced that Bitcoin (BTC) and other decentralized cryptocurrencies would be a worthwhile investment for its clients. The Wall Street… Read More

Digital Banking Solution Meniga Secures €8.5 Million Through Latest Strategic Investment Round Led By Groupe BPCE

Meniga, a UK-based digital banking solution, announced on Thursday it secured €8.5 million through its latest strategic investment round, which was led by French banking group Groups BPCE with participation from Grupo Crédito Agrícola, UniCredit, Velocity Capital, Industrifonden, and Frumtak Ventures. Founded in 2009, Meniga… Read More

HyperJar Uses Salt Edge on PSD2 Compliance

Open banking service provider Salt Edge is helping HyperJar, a UK Fintech, adhere to PSD2 compliance needs. HyperJar provides a budgeting app and “eWallet” to help people manage their money more effectively. By partnering with Salt Edge, HyperJar is expected to be fully compliant in… Read More

Payment Processor Checkout.com Announces Acquisition of Australian Startup Pin Payments

Global payment solution provider Checkout.com announced on Thursday it has acquired Australian startup, Pin Payments. Checkout.com reported that the acquisition represents the next chapter of the company’s momentum across the Asia-Pacific (APAC) region as it continues to support both international and domestic merchants to grow… Read More

LendingClub Adds COVID-19 Help Center for Members, Adds New Services for Challenging Economic Environment

  LendingClub (NYSE:LC), an online lending marketplace and emerging digital bank, has announced the launch of the “Member Center,” a centralized location for users to find assistance and support to better manage their financial lives during the COVID-19 crisis. Early one, when the Coronavirus first… Read More

Blockchain Grants: EOS Developer Block.one Awards $50,000 in Grant Money (Each) to 34 Innovative DLT Initiatives

Block.one, a Cayman Islands-registered open-source software publisher that developed EOS, one of the largest platforms for building decentralized applications (dApps), has reportedly awarded a $50,000 grant to each of the 34 promising or high-potential startups. These tech companies are part of a global entrepreneurship program… Read More

Stripe Announces Expansion of Support for JCB Payments

Payments platform Stripe announced on Wednesday it is expanding its support for JCB payments. According to Stripe, JCB is a credit card network with more than 135 million cardholders worldwide and a share-of-wallet in Japan. Stripe also revealed that businesses using Stripe in Japan may… Read More


Seedrs Partners with Capdesk, Seedrs Secondary Market Now Enables Non Seedrs Portfolio Firms to Trade on Platform

Capdesk – Seedrs Partnership Creates First Private Secondary Market for Shareholders and Employees in Europe Seedrs, a top UK based investment crowdfunding platform, is unique in the fact it has created a viable secondary marketplace for private securities issued via the platform. By enabling investors… Read More

HM Treasury Appointed Fintech Envoy to N. Ireland, Andrew Jenkins, Predicts Financial Tech Sector to Create Many New Jobs

Andrew Jenkins, the HM Treasury appointed Fintech Envoy for Northern Ireland, has argued that the financial technology industry could help create many new jobs in the next few years in Northern Ireland. While speaking to the Stormont Economy Committee on Fintech in N. Ireland, Jenkins… Read More

Over 30% of Digital Bank Revolut’s 10 Million Finance App Users have traded Cryptocurrencies in the Past Month

  Data from leading UK-based digital bank Revolut shows that the cryptocurrency trading habits of its users have changed, following the COVID-19 outbreak. Nearly a third or over 30% of Revolut’s 10 million finance app users have been trading virtual currencies. The neobank’s app has… Read More

The French Competition Authority has Released a Consultation Paper, Seeking Feedback on Fintech, Blockchain, and Digital Asset Regulations

The French competition authority (ADC) has launched a public consultation on the Fintech industry in the country. The ADC is looking for feedback on the potential role of large digital platforms in the payments sector. It’s also seeking input regarding  new payment service providers and… Read More

German Fintech Firm TIS Secures $20 Million in Capital via Round Led by Aquiline Technology Growth

German Fintech firm TIS (Treasury Intelligence Solutions), which offers a cloud-powered platform for handling cash flows and corporate payments, has acquired $20 million in additional funding. TIS’ latest investment round was led by Aquiline Technology Growth. Existing investor 83North also made contributions. TIS’ management noted… Read More

Stripe Announces Launch in Five More European Countries

Payments platform Stripe announced on Wednesday it has expanded its services to five more European countries. Stripe reported it will be generally available in the Czech Republic, Romania, Bulgaria, Cyprus, and Malta.  While sharing more details about the launch, the Stripe team stated: “[We have]… Read More

InvestCloud Forms Partnership With National Broker-Dealer Siebert

Fintech

Siebert, a national broker-dealer and provider of financial services, announced on Wednesday it has appointed InvestCloud to design and implement its complete digital transformation. Siebert reported that through the partnership it will implement InvestCloud’s full suite of applications, ranging from intuitive client-facing portals and mobile… Read More

Mumbai based Fintech Home Capital Acquires Seed Funding from Varanium NextGen Fund, Others

Mumbai-based Home Capital, a Fintech firm focused on supporting housing initiatives for younger people, has acquired seed funding via a round led by the Varanium NextGen Fund. Shalin Shah, Singapore Angel Network, JITO Incubation and Innovation Foundation, Venture Catalysts, and Venture Gurukool also took part… Read More

Transledger to Use Telos, One of the Most Active Blockchains, to Perform Cross-Chain Digital Asset Transfers

Telos, one of the most active blockchains or distributed ledger technology (DLT)-based platforms according to Blocktivity data, revealed on May 26, 2020, that Transledger will be using its blockchain network to perform cross-chain transactions in a fast and secure manner. As mentioned in a press… Read More

People’s Bank of China Confirms there’s No Definite Launch Date Set for Virtual Yuan, Despite Rumors

The People’s Bank of China (PBoC) recently noted that it has not yet provided a definite timetable on a formal or official virtual yuan launch. During a recent interview, PBoC Governor Yi Gang clarified that the institution was only performing “routine work for the research and… Read More

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