June 20, 2024 @ 1:05 pm By Omar Faridi  |  

DailyPay, a worktech company, announced that its industry-leading earned wage access solution that supports the financial wellness of millions of workers nationwide has received Level 2 Certification based on the security requirements of the Texas Risk and Authorization Management Program (TX-RAMP). As part of the… Read More

June 20, 2024 @ 11:56 am By Michael Wong  |  

Celcoin, a player in the Banking-as-a-Service (BaaS) financial technology market in Brazil, has announced raising $125 million in its latest funding round led by global growth equity investor Summit Partners. The funding aims to bolster Celcoin’s expansion plans and reinforce its commitment to providing financial… Read More

June 20, 2024 @ 10:25 am By Omar Faridi  |  

Bluevine is reportedly laying off around 12% of its Israel-based workforce. Bluevine says it is on a mission to enable “a better financial future for small business owners through innovative banking solutions designed just for them.” By combining technology and security with their team’s expertise… Read More

June 20, 2024 @ 10:11 am By Omar Faridi  |  

As of 18 June 2024, PostFinance is reportedly the first major Swiss retail bank to offer its customers access to the saving plan function for ETFs, shares and themed certificates. Philipp Merkt, Chief Investment Officer at PostFinance said: “Thanks to their simplicity and cost efficiency,… Read More

June 20, 2024 @ 9:55 am By Omar Faridi  |  

Tether, which claims to be one the largest companies in the cryptocurrency industry, announced that it is teaming up with the National Taipei University of Technology (NTUT), also known as Taipei Tech “to enhance blockchain and digital asset education in the region.” This initiative aims… Read More

June 20, 2024 @ 9:15 am By Omar Faridi  |  

OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided a subscription line to Palamon, a UK-based European mid-market private equity firm. Palamon has deployed more than €2.5bn in mid-cap companies “since its inception in 1999, with a focus on financial services, business services, consumer… Read More

June 20, 2024 @ 9:09 am By Omar Faridi  |  

Circle is introducing the Circle Credits Program, their latest investment in developers using Circle’s platform. Early in 2024, they revealed Circle’s intentions “to empower early-stage, high-impact builders with grants and bounties that help them build on their platform.” As they seek to remove barriers in… Read More

June 20, 2024 @ 8:25 am By Omar Faridi  |  

Gemini is serving as the custodian for a “landmark” ether staking ETF fund launched recently by Purpose Investments, following the development of custom custody infrastructure that will enable third-party staking from Gemini Custody. The fund, Purpose Ether Staking Corp. ETF (“ETHC.B”), is said to be… Read More

June 20, 2024 @ 7:12 am By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, has invested in Rango, a cross-chain decentralized exchange (DEX) and bridge aggregator. Rango’s interoperability enables easy transacting “across diverse blockchain ecosystems to drive DeFi growth.” With its expansive capabilities and support for major blockchains including… Read More

June 20, 2024 @ 6:55 am By Omar Faridi  |  

H1 2024 has reportedly been the biggest start to the year in CoinList history. The token launch meta shifted “from high FDV launches via airdrops to sales (fixed, node, auctions) and community rounds.” At CoinList, they’re committed to “offering their community the same, or better,… Read More

June 19, 2024 @ 11:36 pm By Omar Faridi  |  

European investment platform Debitum has shared its latest investments updates for the month of May 2024. At the beginning of May, a new Debitum secured Notes Issuer – company Foresto LLC – joined the platform and “issued its first Debitum Notes.” Debitum Investments (DN Operator… Read More

June 19, 2024 @ 11:11 pm By JD Alois  |  

The VanEck Bitcoin ETF (ASX:VBTC) traded on the Australian Stock Exchange (ASX) today, following the lead of the US. VanEck said the exchange-traded fund was the first and most cost-effective Bitcoin ETF on ASX. Other sponsors are expected to enter the Australian market with a… Read More

June 19, 2024 @ 10:38 pm By Omar Faridi  |  

LendingClub (NYSE: LC) has reportedly surpassed $3 billion in loans sold via its structured certificates program. LendingClub Corporation, the parent company of LendingClub Bank, which claims to be one of America’s leading digital marketplace banks, recently announced that it has surpassed $3 billion in loans… Read More

June 19, 2024 @ 9:35 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) and the National Bank of Cambodia (NBC) announced the start of the Financial Transparency Corridor (FTC) initiative between Singapore and Cambodia. The FTC commemoration event was “held at Istana, Singapore, and was presided over by Lawrence WONG, Prime Minister… Read More

June 19, 2024 @ 8:37 pm By Omar Faridi  |  

Central bank digital currencies or CBDCs can boost Middle East’s financial inclusion, payment efficiency, according to a comprehensive update from the IMF. 19 countries in the Middle East and Central Asia are exploring issuing a CBDC, the IMF update noted. Almost two-thirds of countries in… Read More

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

Nium, a Fintech providing real-time global payments, announced a collaboration with Air France and KLM to power “closed loop” electronic payments between the airlines and selected travel agents. The Nium Airline Payments Solution (NAP) provides “an alternative to travel agent card transactions, using a private… Read More

June 19, 2024 @ 7:12 pm By Omar Faridi  |  

Corpay, Inc. (NYSE: CPAY), a global firm focused on corporate payments, is announcing the latest expansion of its Cross-Border business with the establishment of a new office in Auckland, New Zealand. This expansion reinforces the company’s strategic position in “the payment industry and strengthens its… Read More

June 19, 2024 @ 5:21 pm By Omar Faridi  |  

Brex, the all-in-one financial stack, launched new digital banking products and a number of updates to its flagship business account, giving founders access to capital where and when they need it. This launch makes Brex the “only” spend management platform “to marry corporate cards, expense… Read More

June 19, 2024 @ 4:46 pm By Omar Faridi  |  

The UK has reportedly reached 150 million contactless cards issued, according to an update from UK Finance. UK Finance’s Card Spending Update for March 2024 shows “that contactless cards now account for 93 percent of those in issue.” UK Finance recently released its card spending… Read More

June 19, 2024 @ 4:34 pm By Omar Faridi  |  

wefox investors have reportedly proposed €25 million capital injection to potentially stop the Ardonagh deal. London-listed Chrysalis Investments is said to be among the shareholders expected to provide €25 million into what was once one of Europe’s largest Insurtech firms, Sky News reported. Two of… Read More