December 20, 2024 @ 1:50 pm By Omar Faridi  |  

Enfuce, the provider of payment solutions in the Nordics, has partnered with Alisa Bank, Finland’s digital bank, in order to introduce a business credit card tailored for SMEs in Finland. This collab is set to disrupt the SME banking landscape by offering a solution that… Read More

December 20, 2024 @ 1:38 pm By Michael Wong  |  

Singapore-based digital banking firm Tyme Group has successfully raised $250 million in a Series D funding round, elevating the company to unicorn status with a valuation exceeding $1.5 billion. The funding round was led by Brazilian digital banking powerhouse Nubank, which contributed $150 million, while… Read More

December 20, 2024 @ 11:25 am By Omar Faridi  |  

Bitcoin Suisse has announced its support for Babylon, an innovative protocol that expands Bitcoin’s utility by enabling it to secure Proof-of-Stake networks. This initiative provides Bitcoin Suisse clients with the chance to engage in the initial stages of Babylon’s development. Babylon addresses a key challenge… Read More

December 20, 2024 @ 11:01 am By Omar Faridi  |  

Securitize announced it has obtained approval by the Spanish National Securities Market Commission (CNMV) as an Investment Firm, registering Securitize Europe Brokerage and Markets, S.A. in order to operate as a Sociedad de Valores (broker dealer), providing services for blockchain-based financial assets, including acting as… Read More

December 20, 2024 @ 10:36 am By JD Alois  |  

As part of a push to maintain relevance in the digital finance world, several years ago big banks partnered up to launch their own instant payments and transfer system Zelle. The payments platform has emerged as a significant success – except for claims of fraud… Read More

December 20, 2024 @ 10:22 am By Omar Faridi  |  

Digital assets firm OKX announced the launch of their ‘Ordinals Launchpad,’ an all-in-one platform that empowers creators to “launch, inscribe and trade collections” directly on Bitcoin. The platform simplifies the technical complexities of Bitcoin inscriptions while providing creators with the “tools, visibility and support” needed… Read More

December 20, 2024 @ 10:21 am By JD Alois  |  

  SyndicateRoom, a former securities crowdfunding platform and current online investment platform that takes a portfolio approach, has been acquired by Smith Brothers Group. The terms of the deal were not disclosed. In an email from SyndicateRoom CEO Graham Schwikkard, he said the company was… Read More

December 20, 2024 @ 7:31 am By Omar Faridi  |  

Trulioo, an identity platform with global coverage for person and business verification, announced a 34% increase in marketplace transactions and 21% in payments in the past year as digital commerce adoption increases. The surge in transaction volume reflects how payments and marketplace platforms are responding… Read More

December 20, 2024 @ 7:22 am By Omar Faridi  |  

Crypto hacking remains a persistent threat, according to an update from Chainalysis which also noted that the four years in the past decade individually saw more than a billion dollars worth of crypto stolen (2018, 2021, 2022, and 2023). According to the research report from… Read More

December 20, 2024 @ 7:18 am By Michael Wong  |  

TBC Bank Uzbekistan (TBC UZ), the country’s largest digital bank, announced a $37 million equity investment from its majority shareholder, London-listed TBC Bank Group PLC (TBC Group). This capital injection brings TBC UZ’s total equity funding for 2024 to $75 million, establishing a new annual… Read More

December 20, 2024 @ 7:15 am By Omar Faridi  |  

Fintech firm Chime has confidentially filed for an IPO (initial public offering), according to a report from Bloomberg. Chime Financial Inc., a financial technology firm focused on no-fee banking services, has reportedly submitted a confidential filing with the US government for its IPO. This, according… Read More

December 20, 2024 @ 6:47 am By Omar Faridi  |  

Worldline (Euronext: WLN), a global enabler of payment services, is pleased to announce the launch of FlexPricing, a feature designed specifically for Independent Software Vendors (ISVs) to earn revenue in innovative and simple ways. With FlexPricing, software vendors can implement flexible pricing strategies that include… Read More

December 19, 2024 @ 7:57 pm By Omar Faridi  |  

The Singapore headquarters of Sygnum – a global digital asset banking group – Sygnum Pte. Ltd. announced its partnership with Moomoo Singapore to distribute its multi-manager fund to accredited investors on moomoo, a digital investment and wealth management platform with “over 1 million users” in… Read More

December 19, 2024 @ 5:07 pm By Omar Faridi  |  

Macquarie Real Estate Partners (MREP), a real estate fund managed by Macquarie Asset Management’s Real Estate division (MAM), announced it has invested in IDA, an Australian specialist real estate private credit and investment manager. The investment by MREP will provide funding to support the growth… Read More

December 19, 2024 @ 4:59 pm By Omar Faridi  |  

Chainalysis has acquired Hexagate, the provider of web3 security solutions that detect and mitigate real-time threats including cyber exploits, hacks, and governance and financial risks. They are the top choice for chains, protocols, asset managers, and exchanges to “help keep their funds secure.” Hexagate leverages… Read More

December 19, 2024 @ 3:54 pm By Omar Faridi  |  

Research and development are considered to be fundamental to empowering individuals globally through World Network. That’s why Modulus Labs is officially joining World contributor Tools for Humanity (TFH) to establish a new Applied Research team dedicated to supporting cryptographic and machine learning solutions “that are… Read More

December 19, 2024 @ 3:40 pm By Omar Faridi  |  

PayPal Ventures has announced an investment in Bureau. Risk intelligence platform Bureau has reportedly seen 3x revenue growth as the surge in sophisticated fraud attacks drive “demand for AI-powered prevention.” According to the update from PayPal Ventures, AI isn’t just making fraud smarter – it’s… Read More

December 19, 2024 @ 2:08 pm By Omar Faridi  |  

Allvue Systems, LLC, a firm focused on alternative investment solutions, has acquired PFA Solutions LLC, a provider of compensation and carried interest software solutions for firms across private equity, private debt and venture capital. PFA’s product, FirmView, combined with Allvue’s platform, will now aim to… Read More

December 19, 2024 @ 12:04 pm By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant is partnering with online membership retailer Fabletics to make payment options more flexible this holiday season and beyond. With Klarna’s flexible payment options, Fabletics’ clients now have more ways to pay. Whether trying to stock up… Read More

December 19, 2024 @ 11:29 am By Omar Faridi  |  

High street bank lending to SMEs remains stable in Q2 2024, according to an update from UK Finance. UK Finance recently released its latest Business Finance Review which “reports on the finance needs of small and medium-sized enterprises (SMEs) in the second quarter of 2024.”… Read More