August 24, 2024 @ 11:51 am By Omar Faridi  |  

Superstate Industry Council is welcoming the second cohort of institutions. This diverse group of institutions joins them in “shaping Superstate’s product roadmap and driving the adoption of tokenization within traditional financial services and capital markets.” Since the council’s inception in March 2024, dozens of organizations… Read More

August 24, 2024 @ 11:05 am By Omar Faridi  |  

Consumers across the UK who are using digital financial management tools report being on average “£37.08 better off per month, or £445 better off per year, compared to pre-adoption.” Today, as many as 7.6 million3 Brits are already “using digital financial management tools, meaning this… Read More

August 24, 2024 @ 9:49 am By Omar Faridi  |  

NatWest and Beauhurst’s New Startup Index reports 468,000 new companies started up in the first half of 2024 – a 6% increase compared to the same period last year. In a sign of the strong potential of the UK economy, 468,000 new firms “have started… Read More

August 24, 2024 @ 8:44 am By Omar Faridi  |  

Sygnum, a global digital asset banking group with ~$4.5 billion in client assets, has issued the industry-first syndicated loan backed by Bitcoin (BTC) to premier crypto lender Ledn, which will be used to fund the growth of Ledn’s retail lending operations. Syndicated among Sygnum’s institutional… Read More

August 24, 2024 @ 8:42 am By Michael Wong  |  

Ecofinance, a European financial technology company, has officially forayed into Southeast Asia by launching its operations in the Philippines. The firm introduced a new consumer brand, Honey Loan, as part of efforts to tap into the region’s burgeoning fintech landscape space, according to the announcement…. Read More

August 24, 2024 @ 8:22 am By Michael Wong  |  

Mitsubishi UFJ Financial Group, Inc. (MUFG) and its consolidated subsidiary, MUFG Bank, Ltd., announced a significant additional investment of INR 27,988 million (approximately $339 million) in DMI Finance Private Limited, a digital financial services provider based in India. This investment is part of MUFG’s ongoing… Read More

August 24, 2024 @ 7:44 am By Omar Faridi  |  

FinTech Wales and Future Finance have joined forces to drive financial innovation. FinTech Wales, the independent membership association and champion of the FinTech and Financial Services industry in Wales, has announced a new community partnership with Future Finance. Future Finance is a collaborative research project,… Read More

August 24, 2024 @ 7:40 am By Omar Faridi  |  

U.S. Bank, lead bank of U.S. Bancorp (NYSE: USB), has acquired Salucro Healthcare Solutions LLC. The Tempe, Arizona-based company provides healthcare financial technology, focused on patient payments and billing. Founded in 2004, Salucro is a market participant focused on providing online billing and payments offerings… Read More

August 24, 2024 @ 7:36 am By Omar Faridi  |  

China’s supreme court has updated its interpretation of the nation’s Anti-Money Laundering (AML) laws in order recognize “virtual asset” transfers for the first time ever. China passed its AML law on January 1, 2007, making the most recent update its first major one in 20… Read More

August 24, 2024 @ 7:34 am By Omar Faridi  |  

Thera, a payroll and payments platform, has announced that it has raised a $4 million Seed round with participation from Y Combinator, 10x Founders, Amino Capital, Zillionize, and Bayhouse Capital. Angels in the investment round reportedly “include Oliver Jung, Chris Bakke, Andrew Yeung, Akash Magoon,… Read More

August 24, 2024 @ 7:33 am By Omar Faridi  |  

CBA and BNY announced that they are delivering near real-time cross-border payments. Through a new cross-border payments collaboration between Commonwealth Bank of Australia (CBA) and The Bank of New York Mellon (BNY), Australian businesses and individuals who “receive international payments from BNY’s customers may now… Read More

August 23, 2024 @ 11:45 am By Omar Faridi  |  

Siepe LLC, a provider of software and technology-enabled services for private credit and CLO managers, has raised $30 million in a Series B funding round led by WestCap, a strategic operating and investing firm with $6 billion in assets under management (AUM). The investment will… Read More

August 23, 2024 @ 11:15 am By Omar Faridi  |  

Tether, which claims to be one of the largest companies in the digital asset industry, announced plans for the addition of a new stablecoin that is pegged to the United Arab Emirates Dirham (AED). Set to be launched in collaboration with UAE’s multi-billion dollar tech… Read More

August 23, 2024 @ 11:10 am By JD Alois  |  

“Real-time” fashion shopping platform Tilt has raised $18 million in a Series A funding round led by Balderton Capital. The company was founded by former Revolut executives, a successful banking Fintech. Other investors in the funding round include TQ Ventures, Earlybird and Seedcamp. Tilt claims… Read More

August 23, 2024 @ 10:56 am By Omar Faridi  |  

Anchorage Digital, the crypto platform for institutions, is pleased to announce its first stablecoin rewards program, enabling institutions to earn competitive rewards on PayPal USD (PYUSD) balances held at Anchorage Digital or in our recently launched institutional self-custody wallet, Porto. PYUSD remains fully accessible and… Read More

August 23, 2024 @ 10:55 am By Omar Faridi  |  

Franklin Templeton, a global investment firm with $1.6T in assets under management, has expanded its L1 blockchain footprint by extending the availability of its first-of-its-kind on-chain money market fund to the Avalanche network. The Franklin OnChain U.S. Government Money Fund (FOBXX or the Fund) was… Read More

August 23, 2024 @ 8:30 am By Omar Faridi  |  

Arch Lending, the crypto-backed loan provider, announced $75M in funds raised, including an oversubscribed $5M equity seed round and a $70M loan financing facility. The equity round was co-led by Morgan Creek Digital and Castle Island Ventures with participation from Galaxy Ventures, BitGo Ventures, and… Read More

August 23, 2024 @ 8:29 am By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant, has acquired Laybuy’s assets in New Zealand, the birthplace of the payments provider, and plans to relaunch the service in the coming weeks. Laybuy, which ceased operations in June, is “set to make a reenergized return… Read More

August 23, 2024 @ 8:28 am By Omar Faridi  |  

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today announced a partnership with Hotels.com. Now, approved guests can book accommodations and pay over time “with Affirm, helping more people book the trip of their dreams.” This builds on Affirm… Read More

August 23, 2024 @ 8:28 am By Omar Faridi  |  

Apiture, a provider of digital banking solutions, announced that Surety Bank, a Florida-based community bank with customers nationally, has selected the Apiture Digital Banking Platform to power online and mobile banking for its commercial and retail customers. Surety Bank sought a new digital banking partner… Read More