March 7, 2024 @ 11:21 am By Omar Faridi  |  

Lemonade (NYSE: LMND) is reporting a strong fourth quarter and an upbeat outlook for 2024. Digital insurance tech firm Lemonade reports the following: Top line: At $747 million, in-force premium (IFP) grew by 20% year on year, while revenue grew 31%. Loss Ratio: At 77%,… Read More

March 7, 2024 @ 9:37 am By Omar Faridi  |  

Bankrupt crypto lender BlockFi reportedly reached a $874.5 million in-principle settlement with failed digital currency exchange FTX and Alameda Research estates. This, according to a recent bankruptcy court filing. BlockFi filed for bankruptcy in November of 2022 following the collapse of multiple crypto firms, culminating… Read More

March 7, 2024 @ 9:06 am By JD Alois  |  

Enterprise digital asset platform FireBlocks says it will begin onboarding “thousands” of new retail customers as well as institutional firms. The company predicted this would be accomplished due to the new hire of CMO Michal Ferguson. Michael Shaulov, CEO of Fireblocks, says the innovations over… Read More

March 7, 2024 @ 9:00 am By JD Alois  |  

Smart wallet tech provider Safe is reporting that it has surpassed $100 billion in assets secured. At the same time, Switzerland based firm has hired Julian Grigo, former Managing Director at Solaris, as Head of Institutions and Fintech. Safe, previously Gnosis Safe, is an on-chain… Read More

March 7, 2024 @ 8:57 am By Omar Faridi  |  

Fuel Ventures SEIS Fund says it was recently recognized as the UK’s best SEIS Investment Manager. Investments in the fund may qualify for 50% tax-relief potential. Fuel Ventures SEIS Fund has raised £187,306 from 59 investors (with 32 days left in the campaign at the… Read More

March 7, 2024 @ 8:27 am By Omar Faridi  |  

wefox, an Insurtech firm, has announced the appointment of Mark Hartigan as its Executive Chairman and Chief Executive Officer. Julian Teicke will be transitioning into “the non-executive role of President, and remain Vice Chair of the Board of Directors after nine successful years of steering… Read More

March 7, 2024 @ 8:22 am By Omar Faridi  |  

Mexico’s Ziff has reportedly acquired revenue-based real estate financing platform Arrenda. Following this latest strategic acquisition, Ziff says that it intends to further scale the distribution of Arrenda’s key product offering, Adelanta, which is described as a financial product for commercial rental property owners based… Read More

March 7, 2024 @ 8:19 am By Omar Faridi  |  

Elon Musk has stated that social media giant X (formerly called Twitter) may soon obtain payment licenses in New York and California. Musk said on Wednesday that his social media platform X may soon get approval for a money transmitter license in the state of… Read More

March 7, 2024 @ 8:17 am By Omar Faridi  |  

In the latest Spring Budget, the Chancellor of the Exchequer Jeremy Hunt announced that, following a highly competitive bidding process, the British Business Bank intends to award “a total of £250m under the Long-Term Investment for Technology and Science initiative.” The Chancellor also announced “the… Read More

March 7, 2024 @ 8:00 am By JD Alois  |  

Online investment firm Republic has announced a new partnership that will see the Fintech expand into the Middle-East. According to a note from the firm, Republic has formed a partnership with Stake, an online investment platform for real estate in Dubai. Republic claims the deal… Read More

March 6, 2024 @ 11:00 pm By Omar Faridi  |  

Telegram has recently introduced an ad revenue-sharing initiative through the TON blockchain. In a key development that may transform the current ecosystem of online advertising, Telegram recently unveiled an innovative ad revenue-sharing solution through the TON blockchain/DLT network. This latest announcement has led to a… Read More

March 6, 2024 @ 9:56 pm By Omar Faridi  |  

uqudo, the digital identity company in the MEA region, has entered into a collaboration with Tamara, a fintech platform in Saudi Arabia and the GCC region. This strategic partnership represents “a significant milestone in the financial landscape of the GCC, poised to elevate digital transactions… Read More

March 6, 2024 @ 9:38 pm By Omar Faridi  |  

Uber (NYSE: UBER) announced a new partnership with Mastercard and Payfare to launch the Uber Pro Card, providing free instant payouts after every trip or delivery1 and enhanced loyalty features for drivers and delivery people on the Uber platform in Canada, powered by Payfare’s leading… Read More

March 6, 2024 @ 9:27 pm By Omar Faridi  |  

Galileo Financial Technologies, a financial technology company owned and operated independently by SoFi Technologies, Inc. (NASDAQ: SOFI), announced an expansion of its relationship with The Bancorp Bank, NA, that enables real-time payments services. Using the RTP network from The Clearing House, Galileo and The Bancorp… Read More

March 6, 2024 @ 9:24 pm By JD Alois  |  

Robinhood (NASDAQ:HOOD) says it has surpassed $10 billion in trading during the overnight trading. Robinhood defines overnight trading as Sunday-Friday from 8pm ET – 7am ET. The brokerage said that some of its busiest days much trading occurs outside of traditional market hours or around… Read More

March 6, 2024 @ 5:21 pm By Omar Faridi  |  

Salla, which claims to be among the leading SaaS e-commerce enablers in Saudi Arabia, has raised $130 million in a Pre-IPO funding round which has been “co-led by Investcorp and Sanabil, and with the participation of STV as the largest investor.” This new investment is… Read More

March 6, 2024 @ 4:22 pm By Omar Faridi  |  

JP Morgan Asset Management (JPMAM), a global asset manager with US$213 billion in alternative assets under management, and iCapital, the global fintech platform driving the world’s alternative investment marketplace for the wealth management industry, announced a partnership to open up access “for APAC wealth managers… Read More

March 6, 2024 @ 3:52 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has adopted new climate disclosure rules that fall under the ESG sector [environmental, social, and governmental]. The new rules will require reporting companies to disclose their environmental impact, a process that is difficult to measure accurately and will vex… Read More

March 6, 2024 @ 2:59 pm By Omar Faridi  |  

Kroll, the independent provider of global risk and financial advisory solutions, announced the launch of two new digital solutions designed to help organizations identify and manage compliance, fraud and legal risks. As organizations globally respond to shifting financial, regulatory and reputational risks, these solutions enable… Read More

March 6, 2024 @ 12:41 pm By JD Alois  |  

The UK has proposed a framework for the Private Intermittent Securities and Capital Exchange System (PISCES), which was mentioned in today’s Spring Budget delivered by the Chancellor of the Exchequer, Jeremy Hunt. The consultation aims to establish new parameters to enable private securities to trade… Read More