April 15, 2024 @ 7:30 am By Omar Faridi  |  

DynamEat explains that it helps restaurants boost their profit by applying dynamic pricing and smart menu strategies. DynamEat has so far raised 62% (€169,481 from 38 investors) of its fundraising €270,005 target with 27 days left in the firm’s crowdfunding campaign, carried out via Seedrs…. Read More

April 15, 2024 @ 7:11 am By Omar Faridi  |  

European megafunds raised record amounts of capital in 2023, according to an update from PitchBook. Most notably, the top five funds contributed “to a record concentration of over half the year’s fundraising figure in Europe, with CVC Capital Partners raising a global record €26 billion… Read More

April 14, 2024 @ 11:41 pm By Omar Faridi  |  

With summer fast approaching, Lloyds Bank is warning hopeful holidaymakers they could fall victim to a scam when booking a trip. These scams have reportedly “risen 7% over the past year, with people losing £765 on average, with those aged 35 to 44 – often… Read More

April 14, 2024 @ 11:37 pm By Omar Faridi  |  

New data from one of Europe’s largest small business lenders, iwoca, reveals how SMEs are exploring social media influencers as an avenue for marketing. More than two-thirds of SME owners (70%) are “active on social media platforms, and one in eight (13%) have used an… Read More

April 14, 2024 @ 10:40 pm By Omar Faridi  |  

Cyberattacks have more than doubled since the pandemic, according to a recent update shared by the International Monetary Fund (IMF). While companies have historically suffered relatively modest direct losses from cyberattacks, some have “experienced a much heavier toll,” the IMF report notes. US credit reporting… Read More

April 14, 2024 @ 6:36 pm By Omar Faridi  |  

Real Bedford Football Club (RBFC) owner Peter McCormack announced that Winklevoss Capital, the investment firm owned by Gemini founders Cameron and Tyler Winklevoss, has made a $4.5M bitcoin investment into the football club. The investment is the largest ever made “into a football club in… Read More

April 14, 2024 @ 4:57 pm By Omar Faridi  |  

Backbase, the Engagement Banking Platform provider, announces the renewal and expansion of its partnership with Navy Federal Credit Union, which is reportedly the world’s largest credit union with more than 13 million members and $171 billion in assets, serving U.S. veterans, retired service members and… Read More

April 14, 2024 @ 4:28 pm By Omar Faridi  |  

The team at OKX are pleased to announce their investment in Tomo, a Web3 social finance (SocialFi) protocol. This investment underpins OKX‘s commitment to “supporting innovative blockchain technology and Web3 social platforms that redefine the way users connect and interact with each other online.” Tomo’s… Read More

April 14, 2024 @ 3:19 pm By Omar Faridi  |  

BNY Mellon (NYSE:BK), the global financial services company, is collaborating with Accenture (NYSE:ACN), a professional services company, “to modernize financial services offerings with an initial focus on data management and analytics product development and delivery.” The companies will use technologies to unleash the power of… Read More

April 14, 2024 @ 2:24 pm By Omar Faridi  |  

Tether Operations Limited, which claims to be one of the largest companies in the digital asset industry, and Coins.ph, a digital asset exchange in the Philippines, announced that they are joining forces to promote financial education of blockchain technologies, Bitcoin, and Stablecoins, in the region…. Read More

April 14, 2024 @ 2:12 pm By Michael Wong  |  

The International Monetary Fund (IMF) announced that Bulgarian economist Kristalina Georgieva has been selected to serve a second five-year term as its managing director, beginning October 1. The IMF’s executive board praised Georgieva for her “strong and agile leadership,” which has steered the institution through… Read More

April 14, 2024 @ 1:17 pm By Omar Faridi  |  

Barclays has reportedly led Funding Xchange’s (FXE) Series B round, which is said to be open to a number of FXE clients. The fundraising is bringing together key investors and will aim to enhance FXE and its ability to drive ecosystem adoption. This reportedly includes… Read More

April 14, 2024 @ 11:07 am By Omar Faridi  |  

Pactio, the digital infrastructure for private markets, has raised $14 million (£11 million) in a Series A round led by EQT Ventures. Private equity industry insiders and tech angels also participated in the oversubscribed round, “including former Stripe Europe CEO Matt Henderson and Volt founder… Read More

April 14, 2024 @ 10:45 am By Omar Faridi  |  

Satago, a Fintech that provides Working Capital solutions, and mmob, the universal API adaptor, announced the launch of a new partnership. This collaboration enables lenders and corporates “to embed Satago’s flexible Invoice Finance and Cash Flow solutions, using mmob’s hyper-efficient integration capabilities.” Designed to take… Read More

April 14, 2024 @ 10:29 am By Tony Zerucha  |  

Verituity, a provider of payout solutions, this week announced the integration of Mastercard Move, Mastercard’s portfolio of domestic and international money transfer solutions, into its payments platform, enabling near real-time payouts for commercial banks and payers. According to Mastercard’s Borderless Payments Report, one-third of consumers… Read More

April 14, 2024 @ 10:05 am By Michael Wong  |  

Global fintech platform iCapital, which is renowned for driving the world’s alternative investment marketplace, has announced a strategic partnership with global credit specialist Bain Capital Credit, L.P. This collaboration is set to provide financial advisors and high-net-worth investors with enhanced access to a suite of… Read More

April 13, 2024 @ 8:16 pm By Omar Faridi  |  

LeadBlock Bitpanda Ventures (LBV), a €50 million EU investment fund, and Mantle, a burgeoning on-chain ecosystem built around the high-performance modular Ethereum layer-2 (L2) scaling solution Mantle Network and Ether liquid staking protocol Mantle LSP, have announced a strategic collaboration for Europe. The partnership comes… Read More

April 13, 2024 @ 8:14 pm By Omar Faridi  |  

The CMA has outlined 3 key risks to effective competition on AI Foundation Models and has set out plans for further action in the market. The move from the Competition and Markets Authority (CMA) follows its initial report on AI Foundation Models (FMs) last year…. Read More

April 13, 2024 @ 3:33 pm By Michael Wong  |  

Akad Seguros, a digital insurance firm based in São Paulo, has successfully completed a Series A funding round, raising $22.5 million, according to an announcement. The funding effort was spearheaded by Valor Capital Group and included significant contributions from Across, Endeavor Scale-Up Ventures, Endeavor Catalyst,… Read More

April 13, 2024 @ 2:30 pm By Michael Wong  |  

The UK’s Financial Conduct Authority (FCA) has called for the establishment of a new industry body to enhance the functioning of Britain’s “highly concentrated” consumer credit ratings market, which it says is currently not serving consumers well, Reuters has reported. The consumer credit ratings market,… Read More