February 27, 2025 @ 11:18 am By Michael Wong  |  

Funding in Southeast Asia’s InsurTech sector slumped sharply in 2024 as investors adopted a more cautious stance amid global economic headwinds, according to a report by data intelligence platform Tracxn. Total investments fell 61 percent to $193 million from $495 million in 2023, reflecting a… Read More

February 27, 2025 @ 10:45 am By Omar Faridi  |  

Betterment, which claims to be one of the largest independent digital investment advisors in the United States, announced that it has acquired the automated investing business of Ellevest, the investing and wealth management company built by and for women. Betterment says it serves 900,000+ customers… Read More

February 27, 2025 @ 10:15 am By JD Alois  |  

Stripe, a payments and cash management platform used widely around the world, says it will extend an offer to shareholders to purchase stock at a valuation of $91.5 Billion or €87.3 billion. Stripe noted that it is profitable and anticipates this will continue going forward…. Read More

February 27, 2025 @ 9:06 am By Omar Faridi  |  

The European Payment Study by management and technology consultancy BearingPoint reveals shifts in payment behavior across European countries. While cash usage continues to dominate transactions in German-speaking countries, it is “steadily declining across the continent.” In Germany, Austria, and Switzerland, cash remains the “most frequently… Read More

February 27, 2025 @ 9:00 am By Omar Faridi  |  

As we look further toward 2025, crypto hedge fund founder CK Zheng has some predictions for what’s to come in the industry. For context, CK is the founder of ZX Squared and the former global head of risk for Credit Suisse. He has experience in digital assets and… Read More

February 27, 2025 @ 7:30 am By Omar Faridi  |  

Research from PensionBee reveals that Londoners are far more enthusiastic about using artificial intelligence (AI) to help manage their finances compared to the rest of the UK. A nationally representative survey of 1,000 UK adults examining attitudes toward AI in pension customer support revealed “that… Read More

February 27, 2025 @ 7:28 am By Omar Faridi  |  

Shares.io selects Fourthline for its KYC procedures The French investment platform Shares.io has reportedly chosen Fourthline as its provider for KYC (Know Your Customer) procedures. Shares.com was created by Benjamin Chemla, an entrepreneur with a clear mission: to give everyone the means to “become a… Read More

February 26, 2025 @ 10:34 pm By Omar Faridi  |  

Lemonade, Inc. (NYSE: LMND), the tech-driven insurance company, recently shared its financial results for the fourth quarter and full year of 2024, offering an overview of its performance as well as future business outlook. Lemonade‘s latest financial results indicate a mix of robust business growth,… Read More

February 26, 2025 @ 10:33 pm By Omar Faridi  |  

Akur8, the insurance pricing and reserving solution powered by machine learning is pleased to announce the expansion of their alliance with Deloitte Canada. Building on a collab since 2021, Deloitte said it will now leverage Akur8’s solutions for both pricing and reserving, marking a milestone… Read More

February 26, 2025 @ 9:43 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) issued a statement today noting that a final judgment against Sergii “Sergey” Grybniak and his blockchain marketplace Opporty International, had been entered by the US District Court, Eastern District of New York. The SEC was granted partial judgment on… Read More

February 26, 2025 @ 9:28 pm By Omar Faridi  |  

More than a third (38%) of finance brokers say lower taxes are needed in order to boost SME growth this year in the UK, according to iwoca’s latest SME Expert Index. The latest research report from European Fintech firm iwoca has noted that this is… Read More

February 26, 2025 @ 9:26 pm By Omar Faridi  |  

Braza Group announces the launch of BBRL stablecoin on the XRP Ledger to strengthen the Brazilian and South American digital economies. Issuance of BBRL aims to offer secure and cost-effective “solutions for digital transactions for individuals and businesses” Operating for over 15 years and ranking… Read More

February 26, 2025 @ 9:25 pm By Omar Faridi  |  

PitchBook noted in a new report that consumer retail and services deal activity recovered in Q4 2024 from an “uncharacteristically” quiet Q3 by doubling to an “estimated 377 announced or closed deals.” PitchBook also mentioned in the research report that Q4 was effectively on par… Read More

February 26, 2025 @ 5:51 pm By JD Alois  |  

DealMaker CEO and co-founder Rebecca Kacaba participated in a Congressional hearing today. Hosted by the Subcommittee on Capital Markets, part of the House Financial Services Committee, the topic was improving access to capital and more significant investor opportunities.   DealMaker is a tech-enabled broker-dealer that… Read More

February 26, 2025 @ 5:22 pm By Omar Faridi  |  

Bitwise Asset Management, a crypto-specialist asset manager with over $12 billion in client assets, announced the completion of a $70 million equity raise. The investment round was reportedly led by Electric Capital, along with participation from the folllowing entities: MassMutual, Highland Capital, MIT Investment Management… Read More

February 26, 2025 @ 4:52 pm By Omar Faridi  |  

Australia’s digital banking platform, Ubank, has reportedly rebuilt its mortgage broker platform to streamline the digital home loan lodgement process and deliver a compelling online experience for brokers and their customers. More than technology, Ubank explained that the new broker platform is the cornerstone of… Read More

February 26, 2025 @ 4:46 pm By JD Alois  |  

The House Financial Services Committee, Subcommittee on Capital Markets, held a hearing today entitled, The Future of American Capital: Strengthening Public and Private Markets by Increasing Investor Access and Facilitating Capital Formation. Witnesses testified on the topics, sharing real-world experience and making suggestions while answering… Read More

February 26, 2025 @ 4:21 pm By JD Alois  |  

QED Investors and Valor Capital have led a $26.7 million Series A funding round in Capim, a Fintech based in Sao Paolo, Brazil. The company launched in 2021. The round included existing investors ONEVC, Canary, and NXTP, as well as new investors Endeavor, Saison, and Actyus. Capim is… Read More

February 26, 2025 @ 11:33 am By Omar Faridi  |  

Mastercard’s (NYSE: MA) range of fraud detection tools and solutions help protect and ensure payment security for consumers and businesses. In an evolving digital world, fraud threats seem to be coming from every direction, making it “challenging for Canadians to feel and remain secure.” Launching… Read More

February 26, 2025 @ 11:27 am By JD Alois  |  

Euroclear and Digital Asset are partnering on the mobility of collateral assets using the Canton Network. The Euroclear group comprises Euroclear Bank, the International CSD, and other subsidiaries providing post-trade services like custody and settlement. Digital Asset is a blockchain infrastructure firm serving the entire… Read More