June 19, 2024 @ 7:51 am By Omar Faridi  |  

Zilch, the ad-subsidized payments network (ASPN), announces a key £100 million securitised debt financing arranged by Deutsche Bank (DB). The financing will enable Zilch to grow its business and “accelerate Zilch’s ability to create and launch new products for a broader base of customers.” In… Read More

June 19, 2024 @ 7:49 am By Omar Faridi  |  

FOLK2FOLK has recently announced “record” turnover and investor returns. Folk2Folk is reporting continued growth and positive impact “on regional UK economies with £15m paid out in interest to investors.” FOLK2FOLK, the UK’s peer-to-peer lending platform for businesses, says that it “returned a record £15.78m in… Read More

June 18, 2024 @ 11:08 pm By Omar Faridi  |  

The ACPR and AMF Joint Unit for Insurance, Banking and Retail Investment has released its 2023 Annual Report. Over the last two years, rising interest rates and inflation have “changed retail investors’ expectations of financial products, leading the authorities to adapt their supervision of commercial… Read More

June 18, 2024 @ 11:07 pm By Omar Faridi  |  

Finaloop, the real-time e-commerce accounting platform, announced it has raised a $35 million Series A round. Lightspeed Venture Partners led the investment round with participation “from Vesey Ventures, Commerce Ventures, and existing investors, Accel and Aleph.” The latest funding round, which “brings Finaloop’s total funding… Read More

June 18, 2024 @ 11:07 pm By Omar Faridi  |  

Ubank has announced a new bonus interest rate for savers. This update from Ubank comes as new Gen Z and Millennial research reveals “the rising cost of living is making it increasingly difficult to manage their finances yet they remain optimistic about their savings and… Read More

June 18, 2024 @ 8:00 pm By JD Alois  |  

  In the past, CI has tallied the number of FINRA-regulated Funding Portals active in the Reg CF (Regulation Crowdfunding) sector. Funding Portals are intermediaries created by the JOBS Act of 2012 – the legislation that enables online capital formation. These platforms are kind of… Read More

June 18, 2024 @ 6:27 pm By Omar Faridi  |  

Bybit Card from Bybit, a global crypto exchange that has been the target of regulators in various jurisdictions, says it now brings its customers Apple Pay, a safer, more secure, and private way to pay “at checkout when using the Bybit app or website to… Read More

June 18, 2024 @ 5:55 pm By JD Alois  |  

Honeycomb Credit, a top FINRA regulated Funding Portal, has raised $6 million in Seed + funding, according to a note from the platform. Honeycomb Credit is a bank replacement platform that provides loans to smaller businesses. The company leverages the Reg CF securities exemption, which… Read More

June 18, 2024 @ 5:40 pm By JD Alois  |  

Boxabl’s former Investor Relations executive, Yanni Tassev, has been charged with fraud by the Securities and Exchange Commission (SEC). The complaint states that Tassev was hired in July 2021 and became VP of Investor Relations in November 2022. Boxabl is an early-stage firm in the… Read More

June 18, 2024 @ 5:28 pm By Omar Faridi  |  

Over the past decade, digital finance apps and services have “accessed consumer-permissioned data to provide personalized experiences that serve many consumer needs,” according to an update from Plaid. As a result, consumers now have “more and better choices in the apps they can use to… Read More

June 18, 2024 @ 5:27 pm By Omar Faridi  |  

The latest KPMG Australia Retail Health Index (RHI) indicates the road to recovery for Australia’s embattled retail sector has stalled, with positive health not forecast until September 2025. Between the December quarter 2023 and the March quarter 2024 the KPMG RHI had “a rise of… Read More

June 18, 2024 @ 5:26 pm By Omar Faridi  |  

ZA Bank announced the launch of StockBack, a stock rebate program that allows users to get a free draw of various US stocks after each successful stock purchase transaction. The move sets a precedent in the local banking industry “where users can get ‘stockback’ from… Read More

June 18, 2024 @ 1:02 pm By JD Alois  |  

Mexican payments platform Clip has announced $100 million in funding provided by funds managed by Morgan Stanley Tactical Value. The Fintech said the valuation was “in line” with its Series D funding round. Adolfo Babatz, Clip’s Founder and CEO, said the money represents the validation of… Read More

June 18, 2024 @ 11:38 am By JD Alois  |  

Prime property investment platform CrowdProperty has hired a new Head of Business Development for London & the South East. The established online investment platform has operated for ten years in the UK market. CrowdProperty states that Simon Michael joined the company in early June as part… Read More

June 18, 2024 @ 11:29 am By JD Alois  |  

The UK Payments Association is asking policymakers and the Fintech sector to support consumers with community finance. This will take place in a Sandbox that pairs community lenders with Fintechs. Tony Craddock, Director General of The Payments Association, says financial inclusion remains critically important, as… Read More

June 18, 2024 @ 11:21 am By JD Alois  |  

Zencity has raised $40 million in Series C funding, according to the company. The Artificial Intelligence (AI) firm aims to offer community engagement platforms for local governments. The funding round was led by StepStone Group, with participation from existing investors TLV Partners. In total since inception,… Read More

June 18, 2024 @ 11:00 am By Omar Faridi  |  

Obligate, the on-chain capital markets platform, today announced the completion of the first tokenized bond issuance for Bitcoin Suisse, the Swiss crypto-financial services provider. This issuance aims to accelerate Bitcoin Suisse’s growth efforts in its lending business. Bitcoin Suisse recently “surpassed CHF 5 billion in… Read More

June 18, 2024 @ 8:56 am By Omar Faridi  |  

More parts of the UK economy grew in May than at any time in the last 15 months, according to the latest Lloyds Bank UK Sector Tracker. While the overall rate of output growth across the economy “slowed marginally in May (53.0 vs. 54.1 in… Read More

June 18, 2024 @ 8:55 am By Omar Faridi  |  

FINBOURNE Technology’s solutions deliver an interconnected network of functionality and data that enables the investment community to better serve clients in a constantly evolving market. The firm has announced that it has raised £55m in Series B funding. This latest  funding round was “led by… Read More

June 18, 2024 @ 8:53 am By Omar Faridi  |  

Dineo Crédito, Spanish microlender part of the international retail leader Cash Converters group, has entered a partnership with Mambu, the cloud banking platform. The move will see Dineo Crédito migrate from its in-house core system to Mambu, where it plans to “launch innovative lending products… Read More