April 28, 2024 @ 11:23 am By Omar Faridi  |  

The Digital Currency Group (DCG) recently announced the appointment of Aimie Killeen as Chief Legal Officer (CLO). An experienced legal executive with a track record executing legal strategies that drive corporate success and shareholder value, Killeen brings “to DCG 20+ years of deep expertise in… Read More

April 28, 2024 @ 11:01 am By Omar Faridi  |  

Talos, the premier provider of institutional technology for trading digital assets, announced its acquisition of Cloudwall, a developer of sophisticated digital asset risk technology. The technology and expertise of Cloudwall will aim to “enhance Talos’s existing portfolio management system (PMS), expanding it to deliver the… Read More

April 28, 2024 @ 10:01 am By Michael Wong  |  

Abu Dhabi wealth fund ADQ announced the launch of the Jasoor Fund, a new technology-focused investment fund, with a capital base of $180 million The fund aims to drive digital transformation and economic growth across the region. This initiative marks a crucial milestone in the… Read More

April 28, 2024 @ 9:57 am By Omar Faridi  |  

Digital bank Monzo is reportedly expanding its fundraising to £500 million as part of a round which includes capital from Hedosophia. This, according to an update from Sky News. Sources revealed on Sunday that Monzo might confirm as soon as this week that Hedosophia and… Read More

April 28, 2024 @ 9:54 am By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), introduces Prime Tech with Cowbell Co-Pilot, Cowbell’s artificial intelligence (AI) solution for efficient underwriting. Prime Tech is Cowbell’s adaptive cyber insurance offering “that combines flagship Prime 250 cyber risk insurance with Technology Errors… Read More

April 28, 2024 @ 9:52 am By Omar Faridi  |  

Feedzai, a provider of financial crime and risk management solutions, announced results for its 2024 fiscal year, delivering a strong combination of revenue growth acceleration and positive free cash flow margins. Business expansion was highlighted by “the expansion of Feedzai’s behavioral biometrics business, which grew… Read More

April 27, 2024 @ 6:03 pm By Omar Faridi  |  

Nubank (NYSE: NU), which claims to be one of the largest digital financial services platforms, announces  the release of Nubank+, which is described as “an evolution of the Nu experience.” From now on, those who join the experience will reportedly “have even more benefits like cashback,… Read More

April 27, 2024 @ 5:03 pm By Omar Faridi  |  

Digital asset firm Gemini notes in its Weekly Market Update that Bitcoin miners are seeing rewards cut following the halving event. However, there are some positive indicators in terms of the supply of Bitcoin and its relationship to the availability of gold in global markets…. Read More

April 27, 2024 @ 4:57 pm By Michael Wong  |  

Salmon Group Ltd, a Fintech group in Southeast Asia, has announced a strategic partnership with ECPay, a provider of electronic payment systems in the Philippines. This collaboration aims to broaden financial accessibility for over 500 million underserved individuals in the region, particularly those without traditional… Read More

April 27, 2024 @ 4:55 pm By Omar Faridi  |  

Manchester City has announced a new multi-year partnership with Quidd, one of the world’s  digital collectible platforms. Quidd is providing new experiences enabling people “to swap and collect digital cards, transforming the football culture pastime of collecting stickers and cards for the modern age through… Read More

April 27, 2024 @ 4:53 pm By Michael Wong  |  

The Bank of Uganda (BoU) has mandated ID verification for all digital transactions exceeding one million Uganda shillings ($260), according to local reports. Announced on April 19, 2024, through its official X account, this directive requires users to present a government-issued ID for transactions at… Read More

April 27, 2024 @ 4:52 pm By Omar Faridi  |  

QI Tech, a financial services infrastructure provider in Brazil, announced it has extended its Series B round, raising additional equity with current investor General Atlantic, a global growth investor, as well as Across Capital. Following the extension, QI Tech has “achieved unicorn status, six months… Read More

April 27, 2024 @ 4:51 pm By Omar Faridi  |  

The UK experienced a year-on-year (YoY) decline in venture capital (VC) funding deal volume and value during the first quarter (Q1) of 2024 as investor sentiment remained weak, the GlobalData report noted. A total of 281 VC deals of worth $2.7 billion were announced during… Read More

April 27, 2024 @ 4:49 pm By Omar Faridi  |  

The HKMA has recently announced the launch of its Inaugural FiNETech in order to promote Fintech adoption and other key innovations. The Hong Kong Monetary Authority (HKMA) launched (26 April) the FiNETech series, gathering around 100 banks, securities and insurance companies as well as technology… Read More

April 27, 2024 @ 4:48 pm By Michael Wong  |  

Fintoc, a pioneering Chilean startup offering an instant payments API, has successfully raised $7 million in a Series A funding round, TechCrunch has reported. The investment was led by Propel, with significant participation from Monashees, which also spearheaded Fintoc’s $3 million seed round in June… Read More

April 27, 2024 @ 4:47 pm By Omar Faridi  |  

Rippling has reportedly raised $200M in new financing and signed agreements with investors to repurchase up to $590M of equity from current employees, former employees, and early investors. The financing was led by Coatue with participation “from Founders Fund, Greenoaks, and other existing investors.” Dragoneer… Read More

April 27, 2024 @ 4:43 pm By Omar Faridi  |  

Custodia Bank, a financial services provider that’s focused on the Bitcoin (BTC) and digital assets ecosystem, has shared a key update. Unlike other Bitcoin custodians, Custodia Bank notes that it “uses a segregated custody model that allows you to validate your address balances on-chain.” As… Read More

April 26, 2024 @ 5:31 pm By Tony Zerucha  |  

401GO, a retirement plan provider for employers, advisors, and individuals, this week announced the completion of its $12 million Series A funding round. Next Frontier Capital led the round, which also included Rally Ventures, Impression Ventures, and Stout Street Capital. The latest capital infusion will fuel… Read More

April 26, 2024 @ 5:21 pm By Omar Faridi  |  

CertiK notes that for about a decade, Chainalysis has been at the forefront of blockchain analytics and crypto compliance, “providing comprehensive coverage across a range of blockchains and tokens, and setting industry benchmarks with its data attribution and labeling capabilities.” However, CertiK claims that leading… Read More

April 26, 2024 @ 5:20 pm By Michael Wong  |  

The Reserve Bank of India (RBI) released a comprehensive set of Frequently Asked Questions (FAQs) to elucidate its guidelines on Default Loss Guarantee (DLG) in the burgeoning field of digital lending. This release aims to provide detailed clarifications on the operational aspects of DLG, a… Read More