August 1, 2024 @ 11:46 am By Omar Faridi  |  

Ireland sees venture capital (VC) investment pick up in Q2’24 and saw 24 deals raising $237.5 million an increase of nearly two fifths (38 percent) compared to $172.5 million across 33 deals for the same period last year. VC investors showed increasing willingness “to make… Read More

August 1, 2024 @ 11:35 am By JD Alois  |  

The European Artificial Intelligence Act  (EU AI Act) goes into force today. The EU legislation aims to regulate services that leverage AI. The goal is to enable the development of the technology while protecting consumers and businesses. The legal framework applies to both public and… Read More

August 1, 2024 @ 11:24 am By Omar Faridi  |  

OakNorth and ASK Partners, a specialist property lender, have provided a £30.8m co-loan to London-based Vabel, to acquire 114-150 Queensway and 97-113 Inverness Terrace. The post-war 1950s building occupies a prominent corner position “on the southern end of the site, bookended between Porchester Gardens and… Read More

August 1, 2024 @ 11:23 am By Omar Faridi  |  

AvidXchange Holdings, Inc. (Nasdaq: AVDX), a provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, announced financial results for the second quarter ended June 30, 2024. Michael Praeger, Chief Executive Officer & Co-Founder of AvidXchange said: “We… Read More

August 1, 2024 @ 10:30 am By JD Alois  |  

Blockchain.com has partnered with Bakkt (NYSE: BKKT) to enable crypt trading in all 50 US states. Bakkt is a regulated digital asset exchange providing services like custody and other infrastructure. Previously, Blockchain.com did not offer services in eight states due to regulatory hurdles. Lane Kassleman,… Read More

August 1, 2024 @ 10:19 am By JD Alois  |  

EquityZen, a trading platform for private securities, has added new features: Market Map and Market Score. The company said the new features would provide users with “a holistic view of potential investment opportunities for private companies on the secondary market.” Atish Davda, CEO and co-founder… Read More

August 1, 2024 @ 9:57 am By JD Alois  |  

The Bank of England, Monetary Policy Committee (MPC), has voted 5 to 4 to cut the benchmark Bank Rate by 0.25% to 5%. The disennters preferred to hold rates steady for now. The decision to cut rates follows the decision by the US Federal Reserve… Read More

August 1, 2024 @ 9:20 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has charged the founder and former CEO of Get Together, an erstwhile social media firm, with fraud in regard to a securities offering. The startup, known as IRL, was founded by Abraham Shafi who apparently raised over $170 million… Read More

August 1, 2024 @ 9:06 am By Omar Faridi  |  

As announced in June, wefox has continued to implement its exit from the German insurance market as part of the refocusing of its portfolio on profitable market positions of critical size. In this context, wefox Germany Holding GmbH has reportedly “reached an agreement with the… Read More

August 1, 2024 @ 9:02 am By Omar Faridi  |  

Copper, a firm focused on digital asset custody, collateral management and prime services has partnered with Radix, a decentralized network that aims to provide a radically better user and developer experience for Web3 and DeFi applications. By integrating the custody of Radix (XRD) within Copper’s… Read More

August 1, 2024 @ 9:01 am By Omar Faridi  |  

Lemonade, Inc. (NYSE: LMND) has released its second quarter 2024 financial results. Lemonade notes in its Letter to Shareholders that it remains focused on offering renters, homeowners, car, pet, and life insurance. Powered by artificial intelligence and social impact, Lemonade’s full stack insurance carriers in… Read More

July 31, 2024 @ 10:42 pm By Omar Faridi  |  

Ripple, the enabler of enterprise blockchain and crypto solutions, and Fenasbac, the National Federation of Associations of Central Bank Servers, announced a partnership to advance fintech innovation in Brazil through the Next accelerator program. Their combined effort will “support the development of scalable financial services… Read More

July 31, 2024 @ 10:41 pm By Omar Faridi  |  

AppBrilliance, an enabler of real-time payment solutions with its Money API platform, is leveraging a recent rule change by The Clearing House to expand use-cases for Real Time Payments (RTP) to closed-loop digital wallets in the US. Companies like Starbucks, CVS, Dunkin, Chick-fil-A and many… Read More

July 31, 2024 @ 10:40 pm By Omar Faridi  |  

Finix, the full-stack payment processor enabling businesses to accept and send payments,  launched Recurring Billing, a new solution available on the Finix dashboard that enables customers to easily set up and manage recurring payments using no-code tools. Recurring billing can be difficult for businesses “to… Read More

July 31, 2024 @ 6:46 pm By Omar Faridi  |  

Tonik, the Philippines’ digital-only neobank, recently announced that it has achieved steady growth in its consolidated loan portfolio and revenue in the first half of 2024. In 2023, Tonik claims that it “became the first non-captive digital bank in the Philippines to achieve a major… Read More

July 31, 2024 @ 2:43 pm By JD Alois  |  

The US Federal Reserve has held rates steady, holding off on rate cuts that many anticipate this coming fall. While Fed Chairman Jerome Powell said they had made much progress on their goal of inflation of 2% and full employment, the Federal Open Market Committee… Read More

July 31, 2024 @ 1:58 pm By JD Alois  |  

Fintech Bud Financial has selected Lithuania as its European hub. According to Invest Lithuania, the financial data intelligence platform is expanding its presence in the country after the Bank of Lithuania granted Bud Financial an AIS [Account Information Service] Provider license. Bud will now be… Read More

July 31, 2024 @ 1:20 pm By JD Alois  |  

Sticpay, a digital wallet and payments provider, says it has added Visa and Mastercard debit/credit card processing to its platform. Sticpay reports over 5000 merchants. Sticpay is licensed by the UK Financial Conduct Authority and reports over one million users and 5,000 corporate clients across… Read More

July 31, 2024 @ 1:06 pm By JD Alois  |  

Recently, the SEC Small Business Capital Formation Advisory Committee (SBCFAC) issued a recommendation to the Commission to adjust the threshold when issuers using the Reg CF securities exemption are required to provide reviewed financials. The formal letter told the Commission the hurdle should be moved… Read More

July 31, 2024 @ 12:48 pm By Omar Faridi  |  

Airwallex, a global payments and financial platform for modern businesses, announced a partnership with Float, one of Canada’s B2B fintechs, to enable fast and cost-effective bill payments for both domestic and overseas transactions. Float’s Bill Pay product, powered by Airwallex, introduces payouts – “including bank… Read More