August 17, 2024 @ 10:29 am By Michael Wong  |  

Global payments and financial platform Airwallex announced that it has surpassed $100 billion in annual processing volume, marking a 73% increase year-on-year. This growth is accompanied by an annual run rate revenue nearing $500 million and the achievement of cash flow positivity at the end… Read More

August 17, 2024 @ 10:24 am By Omar Faridi  |  

As we cross the halfway of 2024, TWINO online investment platform has provided an update on performance from NetCredit Poland. As shared in a blog post by TWINO, here are the key preliminary financial results: As of now, TWINO notes that there are “over 115,000… Read More

August 17, 2024 @ 10:19 am By Michael Wong  |  

Singapore’s DBS Bank, in partnership with Visa, unveiled its first multi-currency commercial debit card, the DBS Business Advance+ Card (BAC+), designed to bolster the financial operations of companies engaged in global digital markets. This launch is part of DBS’s broader strategy to facilitate smoother cross-border… Read More

August 17, 2024 @ 3:00 am By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), announced that insurance industry veteran Stephen Moss has been appointed to its Board of Directors. Moss brings three decades of industry experience and “is currently Group Head of Financial Lines and Cyber at… Read More

August 16, 2024 @ 9:15 pm By Omar Faridi  |  

Grab Holdings Limited (NASDAQ: GRAB) announced unaudited financial results for the second quarter ended June 30, 2024. Anthony Tan, Group Chief Executive Officer and Co-Founder of Grab said: “We continued to harness the strength of the Grab ecosystem, and improved the usage frequency and reliability… Read More

August 16, 2024 @ 3:19 pm By Omar Faridi  |  

MetaMask (developed by Consensys), Mastercard and Baanx (which powers the Crypto Life platform) announced the pilot launch of MetaMask Card, enabling MetaMask wallet users to seamlessly use their cryptocurrency for everyday purchases in fiat currency (e.g., euros, £) anywhere around the world Mastercard is accepted…. Read More

August 16, 2024 @ 3:17 pm By Omar Faridi  |  

Anchorage Digital, the crypto platform for institutions, and the ZKsync Foundation, announced the availability of digital assets from the ZKsync ecosystem on Anchorage Digital’s platform. With the only U.S. federally chartered crypto bank, Anchorage Digital is the first institutional custodian to support ZKsync, whose zero-knowledge… Read More

August 16, 2024 @ 3:16 pm By Omar Faridi  |  

Kaspersky has detected an online fraud campaign aimed at stealing cryptocurrency and sensitive information by exploiting popular topics such as web3, crypto, AI, online gaming, and beyond. Targeting individuals worldwide, the campaign is believed to “be orchestrated by Russian-speaking cybercriminals and spreads info-stealing and clipper… Read More

August 16, 2024 @ 1:31 pm By JD Alois  |  

The Securities and Exchange Commission has posted a Notice of Withdrawal of Proposed Rule Change to Amend ISE Options. Specifically, the NASDAQ has pulled its request to allow the exchange to list and trade options on units that represent interests in a trust that holds… Read More

August 16, 2024 @ 1:14 pm By Omar Faridi  |  

The points, miles and perks that have come to define the modern credit card marketing playbook are being replaced by cashback rewards and lower fee cards as cardholder financial health1 grows increasingly strained. According to the J.D. Power 2024 U.S. Credit Card Satisfaction Study, “only… Read More

August 16, 2024 @ 1:13 pm By Omar Faridi  |  

Securitize, the platform for tokenizing real world assets, and global private markets investment management firm Hamilton Lane (Nasdaq: HLNE), announced that qualified investors now have exclusive access to Hamilton Lane’s recently closed Secondary Fund VI through the Securitize platform. Hamilton Lane Secondary Fund VI has… Read More

August 16, 2024 @ 1:11 pm By Omar Faridi  |  

Digital bank Revolut has reportedly secured a $45 billion valuation in a share sale by company workers, beating an overall fintech industry downturn and solidifying its position as Europe’s most valuable startup venture. This, as the UK government aims to convince it to pursue a… Read More

August 16, 2024 @ 1:08 pm By Omar Faridi  |  

Aventus Group lender Credito365 from Colombia starts offering short-term loans on the PeerBerry platform. Colombian loans are backed with a buyback and “a group guarantee and will generate a 9.5% annual return to PeerBerry investors.” Aventus Group founded Credito365 CO (legal name Tech365 S.A.S) in… Read More

August 16, 2024 @ 10:31 am By JD Alois  |  

A Canada based crypto trading platform has pilfered $13 million from its users. According to a statement issued by the British Columbia Securities Commission (BSC), the exchange in question took the money from its customers and used it for gambling. The trading platform in question… Read More

August 16, 2024 @ 10:17 am By Omar Faridi  |  

Fenergo, the provider of digital solutions for know your customer (KYC), transaction monitoring and client lifecycle management (CLM), released its half-year annual findings on global financial institution enforcement actions, revealing a 31% surge in the value of fines issued in H1 2024 compared to H1… Read More

August 16, 2024 @ 10:16 am By Omar Faridi  |  

PensionBee noted that the new Chancellor Rachel Reeves has announced the end of the Winter Fuel Payments for those not receiving Pension Credit. PensionBee explained that the one-off yearly payments have helped pensioners “with the often higher cost of heating in the winter months.” Pension… Read More

August 16, 2024 @ 9:55 am By JD Alois  |  

European investing App Peaks has raised €1.38 Million on Republic Europe topping its initial goal of €1,000,000. According to the offering page, Peaks was selling equity at a pre-money valuation of €52 million. Investors in the securities offering numbered 2128, aquiring a 2.55% equity stake… Read More

August 16, 2024 @ 8:33 am By Omar Faridi  |  

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, is announcing an expanded partnership with Tekmetric, an automotive repair shop management solution empowering auto repair businesses nationwide. Now, the thousands of auto repair shops that use Tekmetric’s platform, powered by… Read More

August 16, 2024 @ 8:20 am By JD Alois  |  

Following the announcement that Apple (NASDAQ:AAPL) will open up its NFC ecosystem to outside payments providers, UK Fintech Curve has announced its intent to join the giant tech firm’s platform. Curve CEO and founder Shachar Bialick has issued the following statement: “We welcome Apple’s latest announcement,… Read More

August 16, 2024 @ 7:55 am By Omar Faridi  |  

Binance has reportedly achieved its 19th global regulatory milestone with registration in India. As part of their ongoing efforts to uphold regulatory standards, Binance says it is pleased to announce that firm has “registered as a reporting entity with India’s Financial Intelligence Unit (FIU).” This… Read More