August 7, 2024 @ 8:16 am By Omar Faridi  |  

finova Broker, formerly the eKeeper Group and part of finova, the UK’s cloud-based mortgage and savings provider, has announced its integration with Cashflows, the platform that makes it easier to accept payments digitally. This new feature allows mortgage brokers to “take payments for administration and… Read More

August 7, 2024 @ 8:08 am By Omar Faridi  |  

British pension savers may only support the investment of their retirement funds in UK-based growth businesses “if they demonstrate strong returns,” new research suggests. A third (33%) of Brits believe pension “schemes should only be obliged to invest in UK assets” – as announced in… Read More

August 7, 2024 @ 6:18 am By Omar Faridi  |  

B.TECH Business, a sector of B.TECH, a retailer of consumer electronics and home appliances in Egypt, has signed a cooperation protocol with Foodics Egypt, the  restaurant management and payment solutions in Egypt and MENA. This collaboration aims to supply “all the necessary equipment and tools… Read More

August 7, 2024 @ 4:16 am By Omar Faridi  |  

Tony Truong has reportedly been appointed VP of People Strategy, Operations, Technology, and Analytics at Chime. Truong previously worked at Roku, Nike, and PayPal. In his role, Truong is expected to oversee “strategy and planning, operations, technology, and analytics for the People team.” He will… Read More

August 6, 2024 @ 3:13 pm By JD Alois  |  

The Canadian Securities Administrators (CSA) and the Canadian Investment Regulatory Organization (CIRO) have issued a statement “reminding” crypto trading platforms must comply with Canadian securities laws by registering as investment dealers and having membership with CIRO. The CSA noted that it contemplated an interim approach,… Read More

August 6, 2024 @ 3:07 pm By JD Alois  |  

Coinshares  (Nasdaq Stockholm: CS; US OTCQX: CNSRF) has published Q2 2024 results that include the benefits of the FTX settlement. The company states that revenue for Q2 2024 came in at £22.5 million compared to the same quarter in 2023 when the company generated £10.7… Read More

August 6, 2024 @ 2:55 pm By Omar Faridi  |  

Billtrust, a B2B order-to-cash and digital payments market leader, announces a momentous first half of 2024, marked by achievements and industry accolades that underscore the company’s commitment to excellence and innovation in reducing friction in accounts receivable. Billtrust introduced new generative AI functionality, “enabling finance… Read More

August 6, 2024 @ 2:53 pm By Omar Faridi  |  

RAK Digital Assets Oasis, the Free Zone with Common Law features dedicated to supporting and nurturing digital assets companies, announces its partnership with digital banking platform Ibanera. As the RAK DAO licensed ecosystem partner, Ibanera will leverage “an extensive network of Web3 companies, funding opportunities,… Read More

August 6, 2024 @ 2:51 pm By Omar Faridi  |  

Savvy Wealth, a digital-first platform for financial advisors centered around modernizing human financial advice, today announced an additional $15.5 million funding round led by Canvas Ventures. This latest infusion of capital, which “closes the company’s $26.5 million Series A round, will accelerate the development of… Read More

August 6, 2024 @ 2:50 pm By Omar Faridi  |  

Remitly Global, Inc. (NASDAQ: RELY), a provider of digital financial services, has announced the appointment of finance executive Vikas Mehta as Chief Financial Officer, succeeding Hemanth Munipalli, effective August 19, 2024. Munipalli is leaving for family reasons, and will “oversee an orderly transition, remaining with… Read More

August 6, 2024 @ 2:42 pm By Omar Faridi  |  

Nuvei Corporation (Nasdaq: NVEI), the Canadian Fintech company, today announces that it has entered into a definitive agreement to acquire Pay2All Instituição de Pagamento Ltda., a licensed Payment Institution authorized by the Central Bank of Brazil. This strategic milestone is expected “to enhance Nuvei’s capabilities… Read More

August 6, 2024 @ 2:38 pm By JD Alois  |  

The UK has long been a hot center of innovation in financial services. The noted Fintech hub has boosted the UK economy while helping the country maintain its status as a top global financial center. The sagging global economy, commencing with the COVID health crisis,… Read More

August 6, 2024 @ 11:36 am By Omar Faridi  |  

Bilt Rewards, which claims to be among the nation’s largest loyalty program sfor the home and neighborhood, today announced it has raised an additional $150 million in funding. The investment round was led “by Teachers’ Venture Growth (TVG), the late-stage venture and growth investment arm… Read More

August 6, 2024 @ 11:01 am By Omar Faridi  |  

Dave Inc. (Nasdaq: DAVE), one of the nation’s neobanks, reported its financial results for the second quarter ended June 30, 2024. Jason Wilk, Founder and CEO of Dave, said: “2024 continues to show impressive results as we exceeded growth and profitability expectations again in the… Read More

August 6, 2024 @ 10:50 am By JD Alois  |  

The Hong Kong Monetary Authority (HKMA) has issued an update on the development of digital banking or “virtual banks” (VB) in Hong Kong. The HKMA states that the establishment of regulated digital banking has achieved its three stated goals: promoting Fintech and innovation, creating a… Read More

August 6, 2024 @ 10:36 am By Omar Faridi  |  

Coin Metrics’ State of the Network has provided comprehensive update on cryptocurrency markets amidst the unfolding global market sell-off as well as an insightful break down Coinbase’s Q2 2024 earnings. During this past weekend, global markets and crypto-assets alike were jolted by a number of… Read More

August 6, 2024 @ 7:46 am By JD Alois  |  

Online investment platform Mintos has closed its funding round on Crowdcube at €3.1 million. Mintos notes that this is the second-largest crowdfunding round in Europe for 2024. In two weeks, Mintos said it secured the backing of 3,300 investors, including both existing and new investors…. Read More

August 6, 2024 @ 7:07 am By Omar Faridi  |  

In the world of fintech and accounting, some partnerships are built on shared vision and innovation. That’s the case with VEDA, a firm focused on tech accounting, and the innovative spend management platform at Payhawk. It started with a chance meeting. Danny from VEDA Accounting… Read More

August 6, 2024 @ 7:05 am By Omar Faridi  |  

The 2025 Fintech Pledge has successfully achieved more than 15 million actions in its goal to help millions of UK consumers strengthen their ability to withstand an economic shock, successfully achieving more than half its initial objective. The Pledge has achieved this by “incentivizing unprecedented… Read More

August 6, 2024 @ 7:00 am By JD Alois  |  

Blockchain ecosystem IOTA has been recognized as being Shari’a-compliant. According to a note from IOTA, the Cambridge Institute of Islamic Finance’s certification states that the IOTA token fulfills all accepted Shari’a principles and standards, including those practiced by the Islamic financial services industry. IOTA reports… Read More