July 16, 2024 @ 6:06 pm By Omar Faridi  |  

Acorns, the savings and investing app for everyday Americans, has announced a key product update. In a note shared with CI, Acorns mentioned that Later Match is “a recently launched feature that offers a 3% and 1% IRA match on new contributions for people using… Read More

July 16, 2024 @ 6:05 pm By Omar Faridi  |  

When it comes to finding, analyzing and acting on their company’s financial information, corporate finance departments, treasurers and chief financial officers (CFOs) expect the same ease and convenience they enjoy while managing their personal finances. That is reportedly why Bank of America (NYSE: BAC) is… Read More

July 16, 2024 @ 3:40 pm By JD Alois  |  

The House Financial Services Committee has scheduled a hearing entitled “AI Innovation Explored: Insights into AI Applications in Financial Services and Housing.” The hearing, which is for the full committee, will take place on Tuesday, July 23rd. The Hearing may reflect the recent position paper… Read More

July 16, 2024 @ 11:51 am By JD Alois  |  

Douglas Grant, Managing Director at Conister Bank, says the new Labour government must incentivize investors to support UK SMEs. The UK already has several programs in place to provide significant tax incentives to support early-stage and private firms. These include the popular EIS/SEIS program and… Read More

July 16, 2024 @ 11:14 am By JD Alois  |  

Dopay, a Fintech providing banking to unbanked and underbanked individuals, is reporting raising $13.5 million in a Series A extension funding. The Series A extension funding was led by Argentem Creek Partners with participation from existing investors. Dopay states this tops up a prior $18… Read More

July 16, 2024 @ 11:00 am By JD Alois  |  

Mira, a decentralized infrastructure platform focused on artificial intelligence (AI), is reporting receiving $9 million in seed funding. According to a release, BITKRAFT Ventures and Framework Ventures led the funding round. Other investors include Accel, Crucible, Folius Ventures, Mechanism Capital, SALT Fund, and angel investors…. Read More

July 16, 2024 @ 8:54 am By JD Alois  |  

Following its rebranding from Seedrs to Republic Europe, the online investment platform is reporting that it generated more than over £24.5 million in activity in June. The above number incorporates primary offerings, secondary trading, funds as well as private deal rooms which typically involve more… Read More

July 16, 2024 @ 8:22 am By Omar Faridi  |  

Talos, a provider of institutional technology for trading digital assets, announced the establishment of its new European entity in the Netherlands. This marks a significant growth milestone for Talos’s global footprint and “underscores its commitment to enhancing its services for clients in the EU region.”… Read More

July 16, 2024 @ 8:21 am By Omar Faridi  |  

As we arrive at the midpoint of 2024, the team at Klarpay is providing an update to their clients and partners on the Fintech firm’s milestones and achievements in the first half of the year. Klarpay has been active on the global stage, “participating in… Read More

July 16, 2024 @ 8:20 am By Omar Faridi  |  

HeavyFinance recently shared its latest platform performance review. HeavyFinance reveals in its comprehensive update that June proved to be “a dynamic month for their investor community, with €1.16M allocated across 36 agricultural projects on the HeavyFinance platform.” By the close of June 2024, the total… Read More

July 16, 2024 @ 8:17 am By Omar Faridi  |  

lemon.markets has raised an additional €12 million in funding. Led by CommerzVentures, along with participation from Heliad AG and existing investors Creandum, Lakestar, Lightspeed, and System.One, the investment round is said to bring them one step closer to “providing the infrastructure for the next 100… Read More

July 16, 2024 @ 8:11 am By Tony Zerucha  |  

Decentralized computing platform Chainlink and Starknet, the secure scaling technology bringing Ethereum’s benefits to the world, announced this week that Chainlink Data Feeds, a data solution for DeFi, are now live on Starknet mainnet. Starknet is an ecosystem that helps developers to overcome Ethereum’s scalability limitations while ensuring computational integrity. The… Read More

July 16, 2024 @ 8:00 am By Omar Faridi  |  

The details of more than 600,000 bank cards around the world have been leaked on the dark web, according to a new report by cybersecurity company NordVPN. The research report uncovered that financial information “is being harvested from users through malware.” This malicious software is… Read More

July 16, 2024 @ 7:58 am By Omar Faridi  |  

Fourthline‘s Modular Identity Platform helps banks, fintechs, and non-financial businesses build secure, seamless, and tailored identity solutions. Whether you need to verify a client’s identity or conduct anti-money laundering (AML) screening, you can choose from standalone product modules or one of Fourthline’s pre-built solutions. As… Read More

July 15, 2024 @ 7:03 pm By JD Alois  |  

While commercial property continues to struggle in certain markets and residential needs a rate cut to boost activity, Fundrise, an online investment platform that mainly offers real estate investment funds, sees “continued momentum in property fundamentals.” Fundrise claims that “being invested in the right locations… Read More

July 15, 2024 @ 5:03 pm By JD Alois  |  

Gig worker Fintech OCN has raised $86 million in Series A funding, which included debt and equity capital, according to a note distributed by the company. The round was led by Caravela Capital (Brazil), Collide Capital (US), and Great North Ventures (US). i80 Group (US)… Read More

July 15, 2024 @ 4:46 pm By Tony Zerucha  |  

Mina Foundation, a public benefit corporation servicing zero-knowledge (ZK) blockchain Mina Protocol, has appointed deep-tech lawyer and senior legal executive Daniel Schoenberger as its general counsel, effective immediately. Schoenberger brings more than two decades of legal and policy experience from across Web2 enterprise, Web3, and education. He joins… Read More

July 15, 2024 @ 4:39 pm By Tony Zerucha  |  

SKROL emerged from stealth this week with a $1.2 million pre-seed funding round led by David Rosskamp’s Magnetic Capital, a venture fund that was an early investor in Cassau’s previous startup, Grover. SKROL utilizes artificial intelligence (AI) to assist with acquiring and transforming SMBs, including… Read More

July 15, 2024 @ 4:30 pm By Michael Wong  |  

The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) announced a significant shift in security protocols for major retail banks. Over the next three months, banks will gradually discontinue using One-Time Passwords (OTPs) for customers who use digital tokens, a… Read More

July 15, 2024 @ 4:26 pm By Omar Faridi  |  

One of the key metrics for consumer investment apps is reducing the time to trade once an account is opened, according to an update from Alpaca. However, slow funding can be “a big friction for this engagement,” Alpaca noted in a blog post. To provide… Read More