Recharge.com has appointed David Lindheimer as Chief Product and Technology Officer. Lindheimer was most recently working at Amazon where he is said to have tripled advertising marketplace demand as the Head of Campaign Building. While at Amazon Lindheimer also built product and engineering teams for… Read More
Read more in: Fintech, Global | Tagged david lindheimer, günther vogelpoel, netherlands, payments, recharge.com
GO MODULAR, which aims to create low impact, “bespoke,” modular housing solutions for small and medium-sized developments, has acquired 93% (£304,613) of its £325,000 fundraising target from 284 investors via Crowdcube with 17 days left in the platform’s crowdfunding campaign. GO MODULAR or GM explains… Read More
Read more in: Global, Offerings, Real Estate | Tagged crowdcube, crowdfunding, europe, fundraising, go modular, housing, uk, united kingdom
Bitmart, a crypto exchange that touts itself as “the most trusted cryptocurrency trading platform,” has lost $150 million in assets, according to a tweet by Bitmart CEO Sheldon Xia. Other reports have placed the value far higher at around $200 million. Bitmart operates in just… Read More
Read more in: Blockchain & Digital Assets, Global, Investment Platforms and Marketplaces | Tagged bitmart, Cayman, crypto exchange, hack, sheldon xia, theft
Paymentology and Tutuka have agreed to merge, according to a statement by Paymentology. The two firms say they are joining to create a new payments and card processing powerhouse that will now operate in 49 different countries. The new company will operate under the Paymentology… Read More
Read more in: Fintech, Global | Tagged paymentology, payments, rowan brewer, tutuka, uk, united kingdom
Finland’s Card-as-a-Service (CaaS) platform Enfuce has finalized a €45 million Series C round that has been led by global growth investor Vitruvian Partners. Established in Finland, Enfuce has expanded its geographic presence in Germany and France and has more than 13 million active card users… Read More
Read more in: Fintech, Global | Tagged Denise Johansson, Enfuce, europe, finland, fintech adoption, fintech trends, investment round, jussi wuoristo, Monika Liikamaa, vitruvian partners
Fintech firm iwoca, which claims to be one of Europe’s largest small business lenders, recently announced the expansion of its merchant cash advance product to all small businesses “accepting card payments in the UK.” As mentioned in an update shared with CI, the merchant cash… Read More
Read more in: Fintech, Global | Tagged colin goldstein, europe, iwoca, small businesses, smbs, sme's, uk, united kingdom
Property investment platform CrowdProperty says it has surpassed £100 million paid to investors. According to the investment marketplace, investors have earned, on average, 8.3% IRR. Importantly, CrowdProperty reports that it has maintained 100% principle and interest payback for its marketplace lending service since 2014. In… Read More
Read more in: Global, Investment Platforms and Marketplaces, Real Estate | Tagged crowdproperty, marketplace, mike bristow, uk, united kingdom
Crunch, an online accountancy software & service platform for freelancers and small businesses, has secured 112% (£672,965) of its £600,002 target from 272 investors (at the time of writing) via Seedrs with 2 days left in the firm’s crowdfunding campaign. Based in Brighton, United Kingdom,… Read More
Read more in: Fintech, Global, Offerings | Tagged accounting, brighton, crowdfunding, crunch, freelancers, fundraising, seedrs, small businesses, smbs, uk, united kingdom
The Bank of Ireland has reportedly been fined €24.5 million by the Central Bank for failing over the course of over 10 years to have a proper system in place to allow for the continuity of service to clients in the event of a major… Read More
Read more in: Fintech, Global, Politics, Legal & Regulation | Tagged bank of ireland, banking, central bank, ecb, europe, european central bank, financial services, fine, information technology, ireland, it, reserve bank, seána cunningham
The team at CertiK recently revealed that they closed an $80M, Series B2 round of financial funding. As noted by CertiK in a blog post: “What makes this so interesting is that this round not only is the single largest round of fundraising for a… Read More
Read more in: Blockchain & Digital Assets | Tagged blockchain security, certik, crypto-assets, digital assets, dr. david tarditi, investment round, monier jalal, online security
24 Exchange, a trading platform that has a mission is to enable the “most cost-effective trades across a growing range of asset classes, 24 hours a day” has raised $14.25 million led by Point72 Ventures. Point72 Ventures is Steve Cohen’s VC firm. Cohen is a… Read More
Read more in: Blockchain & Digital Assets, Global, Investment Platforms and Marketplaces | Tagged 24 exchange, bermuda, dmitri galinov, pete casella, steve cohen
Classiq, which offers a breakthrough Quantum Algorithm Design platform, has announced that it is working with NTT DATA to implement ‘”novel” credit risk analysis algorithms using quantum computers. Credit risk analysis “exists to determine the creditworthiness of borrowers or vendors to quantify and limit the… Read More
Read more in: Fintech, General News, Global | Tagged classiq, financial engineering, nir minerbi, quantum, quantum computer, quantum computing, shunichi amemiya, tokyo
Stax, the comprehensive payment tech provider, announced earlier this week its acquisition of CardX, an automated surcharging platform, to make surcharging “more transparent and easier for U.S. merchants and cardholders.” The update also mentioned that this deal “marks Stax’s third acquisition of 2021, adding to… Read More
Read more in: Fintech | Tagged acquisition, cardx, chicago, digital technology, jonathan razi, michael tomko, payment technology, payments, sal rehmetullah, stax, suneera madhani, united states, us
It was a tough couple of weeks for Celsius Network. Celsius is a neobank platform that touts its ability to generate returns on parked crypto. Currently, Celsius is promoting potential returns of over 17%. As was widely rumored, Celsius Network was impacted by the Badger… Read More
Read more in: Blockchain & Digital Assets, Global | Tagged alex mashinsky, badgerdao, celsius network, chainalysis, hack, moshe hogeg, yaron shalem
Novus World, the impact banking app that aims to turn everyday spending into a “force for good,” has raised 111% (£999,860) of its £900,000 target from 269 investors (at the time of writing) via Seedrs with 24 days left in its crowdfunding campaign. Based… Read More
Read more in: Fintech, Global, Offerings | Tagged banking, crowdfunding, europe, fintech adoption, fintech trends, fundraising, impact investments, london, novus world, seedrs, uk, united kingdom
Bitcoin-focused Fintech firm Blockstream has published its Markets Weekly report., Blockstream‘s report, dated December 3, 2021, notes that Fidelity has established a new BTC ETF in Canada, while GS is considering BTC lending. As mentioned in the report, VanEck has filed for a mining ETF,… Read More
Read more in: Blockchain & Digital Assets, Global, Strategy | Tagged bitcoin, bitcoin mining, block, blockstream, btc, btc price correction, coinshares, crypto mining, crypto-assets, digital asset fund flows, digital assets, el salvador, fidelity, gary gensler, goldman sachs, grayscale, india, jack dorsey, paraguay, research, Research Report, sec, securities and exchange commission, South America, square, twitter, united states, us
Uniti, an electric car firm based in Sweden that has raised funding online via crowdfunding offerings, a self crowdfunding round, as well as venture capital, says it must raise at least 5 million SEK (~$457,000) by December 10th or it is likely that Uniti will… Read More
Read more in: Asia, Global, Offerings | Tagged crowdcube, fundedbyme, lewis horne, sweden, uk, united kingdom, uniti
Mobile banking app N26 recently confirmed that they’re getting ready to close down all US accounts in January 2022. As noted in a blog post by UK-based Fintech Monzo, this decision has “left many customers looking for a replacement that offers easy mobile banking, low… Read More
Read more in: Fintech, Global | Tagged banking, digital banking, digital financial services, europe, financial management, financial services, fintech adoption, fintech trends, money management, monzo, n26, uk, united kingdom, united states, us, virtual banking
Croatian P2P lender Robocash has shared the key results for the month of November 2021. Robo.cash writes in a blog post that less than a month before Christmas, they are “pleased to share the platform’s news for November.” The lending platform noted that loans worth… Read More
Read more in: Global, Investment Platforms and Marketplaces | Tagged croatia, europe, lending, p2p lender, p2p lending, peer to peer, progress report, rc riga, research, robo.cash, robocash
The Ministry of Industry and Information Technology Issues the “14th Five-Year Plan for Big Data industry development” On November 30th, the Ministry of Industry and Information Technology released the “14th Five-Year Plan for the Development of Big Data Industry” (hereinafter referred to as the Plan)…. Read More
Read more in: Asia, Blockchain & Digital Assets, Featured Headlines, Fintech | Tagged cbdc, china, digital rmb, digital yuan, weiyangx, xiaomipay, xiomi, xu gao
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