January 7, 2025 @ 10:30 am By JD Alois  |  

EU area inflation is on the rise, with Eurostat reporting that annual inflation is expected to be 2.4% in December 2024, up from 2.2% in November. Services are expected to have the highest annual rate in December at 4.0%, compared with 3.9% in November. Energy… Read More

January 7, 2025 @ 10:00 am By Omar Faridi  |  

  Deal flow in 2024 has picked up significantly compared to last year, and AI deals have predominantly dominated headlines due to megadeals like those involving OpenAI, Grok, and others. While later-stage companies have seen a bulk of the funding, seed activity in the space… Read More

January 7, 2025 @ 9:46 am By JD Alois  |  

Global Fintech Wise (LSE:WISE)says it wants to boost the utilization of its services in North America as well as Brazil and the EMEA [Europe, the Middle East and Africa]. Best known for its near instantaneous transfer and payments platform, Wise also offers multiple neobanking services…. Read More

January 7, 2025 @ 8:34 am By Omar Faridi  |  

As digital assets platform OKX closed out 2024, they announced their 26th Proof of Reserves (PoR) report, marking another key milestone in their ongoing commitment to transparency and security in the crypto-assets space. The month’s report from OKX shows the following: Total primary assets: USD30.8… Read More

January 7, 2025 @ 8:33 am By Omar Faridi  |  

iWallet, the enabler of digital payments solutions, announces an innovative development with the introduction of Voice AI to payments. This technology addresses the growing demand for advanced, secure, as well as user-friendly payment methods. The majority or around 81% of American consumers use voice technology… Read More

January 7, 2025 @ 8:32 am By Omar Faridi  |  

Last year, PeerBerry investors were paid €11.8 million in interest, of which over €1.2 million was paid to investors in December. Since PeerBerry platform’s inception, its investors have reportedly earned a total of “€39.19 million in interest.” PeerBerry’s portfolio (the total amount invested) amounted to… Read More

January 7, 2025 @ 8:28 am By Omar Faridi  |  

OakNorth, the digital bank for entrepreneurs, by entrepreneurs and structured real estate lender, REL Finance, have completed a £16.6m co-loan to JMK Group, a family-run hospitality business. JMK’s story began when an entrepreneur, John Kajani, made “a decision to move from textiles to the hospitality… Read More

January 7, 2025 @ 8:27 am By Omar Faridi  |  

Global payment solutions provider Checkout.com has entered a partnership with noqodi, a payment gateway and financial service provider, to elevate the payment experience for businesses and consumers in the UAE. As part of the collab, Checkout.com will integrate its payment tech with noqodi’s digital platform,… Read More

January 6, 2025 @ 9:00 pm By Omar Faridi  |  

Failed crypto exchange FTX’s payment plan is now effective. As per the plan, certain FTX clients who may be claiming an amount less than $50,000 may expect to get their funds returned within the next 60 calendar days. The latest reorganization plan for failed crypto-assets… Read More

January 6, 2025 @ 8:58 pm By Omar Faridi  |  

Union Bank of India has reportedly introduced various accessibility features in its Central Bank Digital Currency (CBDC) app, now widely known as the Digital Rupee (e₹). As one of the first PSBs to provide this kind of inclusive functionality, Union Bank reaffirms its ongoing commitment… Read More

January 6, 2025 @ 8:57 pm By Michael Wong  |  

United International Holding Co. has entered into a memorandum of understanding (MoU) with Fintech firm NowPay Corp. to establish a specialized wage processing company in Saudi Arabia, according to a company announcement. The non-binding agreement, effective for two months with an option to extend, outlines… Read More

January 6, 2025 @ 8:55 pm By Omar Faridi  |  

Digital assets exchange Coinbase (NASDAQ:COIN) is pleased to release their sixth annual Transparency Report. Their goal with the Transparency Report is to provide customers with data about requests for their information that they “receive from government agencies and law enforcement.” Coinbase also intend to provide… Read More

January 6, 2025 @ 8:54 pm By Omar Faridi  |  

Bitcoin tech firm JAN3 has recently announced raising $5 million in seed financing to accelerate the development of the AQUA Wallet. Investors reportedly include the following business entities: Fulgur Ventures, Grupo Salinas, Tether, East Ventures, and NYDIG. JAN3 has officially concluded a $5 million seed… Read More

January 6, 2025 @ 8:53 pm By Omar Faridi  |  

Digital transformation, and use of emerging technologies like AI are the key issues Australian business professionals will focus on during 2025 and beyond, KPMG’s annual Keeping Us Up At Night survey finds. Concerns over the slowing economy, and cost of living are also prominent, the… Read More

January 6, 2025 @ 8:50 pm By Omar Faridi  |  

Sixteen years ago, Accel embarked on a journey to partner with founders across India—continuing the firm’s history of partnering with founders on a global scale. Accel is now announcing their eighth early-stage fund, a $650 million commitment to empower category-defining startups; companies that will “set… Read More

January 6, 2025 @ 5:09 pm By JD Alois  |  

Finastra has announced that its CEO, Simon Paris, will resign and be replaced by Chris Walters. Paris joined Finastra as president in 2015 and became its chief executive officer in June 2018. Finastra is a global provider of financial services software applications for the full… Read More

January 6, 2025 @ 5:02 pm By JD Alois  |  

Eltropy has announced the acquisition of Lexop. Terms of the deal were not immediately available. Eltropy is a unified conversation platform for financial services firms. It currently serves over 650 community banks and credit unions in the US. Lexop is a technology provider for collections…. Read More

January 6, 2025 @ 4:45 pm By JD Alois  |  

Payments is a massive sector of Fintech, and utilizing blockchain technology can improve the speed and cost of making transfers. Web3 Enabler is a startup in the payments sector and it is looking to raise up to $1.24 million on Republic. Web3 Enabler is selling… Read More

January 6, 2025 @ 4:27 pm By Omar Faridi  |  

Infinant, a bank platform provider, announced it has raised $15 million through a Series A funding round, which was reportedly led by FINTOP Capital and partner JAM FINTOP BankTech, along with contributions from Raido Capital Partners, Woodforest Financial Group, and Bankers Helping Bankers. Infinant claims… Read More

January 6, 2025 @ 4:20 pm By Omar Faridi  |  

SC Ventures, the fintech investment and incubation division of Standard Chartered, has reportedly launched Labamu, which is described as an invoicing and billing platform for SMEs that are based in the APAC region. Starting in Indonesia, Labamu will reportedly provide SMEs with digital billing, catalogue,… Read More