February 13, 2024 @ 5:29 pm By Omar Faridi  |  

Federal Trade Commission data show that consumers reported losing more than $10 billion to fraud in 2023, “marking the first time that fraud losses have reached that benchmark.” This marks a 14% increase “over reported losses in 2022.” Consumers reported losing more money “to investment… Read More

February 13, 2024 @ 5:24 pm By Omar Faridi  |  

During the rise and fall of an “unprecedented” bull market across 2021 and 2022, founders and investors had to navigate a wild ride of ups and downs, the team at Carta noted. That volatility diminished in 2023. The startup ecosystem trundled “along at a slow… Read More

February 13, 2024 @ 5:23 pm By Omar Faridi  |  

COCA, the crypto wallet app, has announced the initial rollout of its Virtual Cards, following the success of its Early Access Program which has attracted “thousands” of users across Europe. This strategic decision highlights COCA’s dedication “to offering smooth, secure, and user-friendly financial services technology… Read More

February 13, 2024 @ 4:09 pm By JD Alois  |  

  The Cambridge Centre for Alternative Finance (CCAF)  has revealed the Cambridge Digital Money Dashboard (CDMD). The Centre is part of the Cambridge Judge Business School, University of Cambridge. CCAF is the leading independent research group covering the world of Fintech, including digital assets. The… Read More

February 13, 2024 @ 12:09 pm By Omar Faridi  |  

Finastra, a provider of financial software applications and marketplaces, and Tesselate, a consultancy, have announced the launch of an end-to-end pre-packaged service for faster and easier online trade finance. Tegula Trade Finance as a Service, powered by Finastra Trade Innovation and Corporate Channels, enables US… Read More

February 13, 2024 @ 10:47 am By Omar Faridi  |  

Visa (NYSE:V), a global enabler of digital payments, announced extended digital wallet capabilities within Visa Commercial Pay, a suite of B2B payment solutions built in partnership with Conferma Pay, the provider of virtual payments technology, to enhance how businesses manage transactions globally. The innovation enables… Read More

February 13, 2024 @ 9:28 am By JD Alois  |  

Seedrs, a securities crowdfunding platform operating in the UK and continental Europe, has shared some numbers for platform performance during the month of January. Seedrs reports that it listed 13 primary securities offerings during the month. When you combine private deal room activity and secondary… Read More

February 13, 2024 @ 9:04 am By Omar Faridi  |  

Private equity investor LDC has invested in the Insurtech business Uinsure. Founded in 2007, Uinsure is a cloud-based tech platform “that connects financial intermediaries and lenders with a panel of the UK’s insurers, enabling its customers to arrange cover through a frictionless platform that has… Read More

February 13, 2024 @ 8:54 am By Omar Faridi  |  

Nordic Capital has signed an agreement to acquire a majority share in Zafin, a provider of SaaS core modernization and transformation solutions for financial institutions around the world. Zafin’s founders and management are said to be reinvesting in the company alongside Nordic Capital. Zafin is… Read More

February 13, 2024 @ 8:45 am By Omar Faridi  |  

LendInvest Mortgages, which claims to be the UK’s leading platform for mortgages, has launched a redesigned and updated Mortgages Portal now including LendInvest’s Buy-to-Let mortgages, providing brokers with a one-stop-shop for all LendInvest Mortgages products. Brokers can now access all Residential, Buy-to-Let, and Bridging products… Read More

February 13, 2024 @ 8:30 am By Omar Faridi  |  

Crypto Finance AG, part of Deutsche Börse Group, has reached another milestone in its history. The prudentially FINMA-supervised provider of institutional-grade investment solutions, custody, and trading “for digital assets has now also secured four licenses from the German Federal Financial Supervisory Authority, BaFin.” The licences… Read More

February 13, 2024 @ 8:26 am By Omar Faridi  |  

Shepherd, an insurance provider for commercial construction, announced today it raised a $13.5 million Series A funding round led by Costanoa Ventures with participation from Intact Ventures, Era Ventures, Greenlight Re and Spark Capital. Shepherd combines insurance together “with software to help contractors save on… Read More

February 13, 2024 @ 7:23 am By Omar Faridi  |  

Marqeta (NASDAQ: MQ), the global modern card issuing platform enabling some of the world’s most innovative embedded finance solutions, announced its new customer, Internet Travel Solutions (ITS), a provider of travel management software that will utilize Marqeta’s comprehensive credit card platform to launch a multi-use… Read More

February 13, 2024 @ 5:25 am By Omar Faridi  |  

iDenfy, a Lithuanian Regtech known for its full-stack ID verification service, announced a  partnership with RaiseFX, a key player in the CFD broker sector. This partnership will help RaiseFX offer a user-friendly ID verification workflow, allowing clients to gain access to various trading and investment… Read More

February 13, 2024 @ 2:48 am By Omar Faridi  |  

NCR Atleos Corporation (NYSE: NATL) says that Banco Sabadell, a large Spanish bank, has selected Atleos as its ATM network partner to provide its customers with easy, secure access to cash and financial services outside of its branches. Banco Sabadell customers will soon be “able to… Read More

February 12, 2024 @ 10:25 pm By Omar Faridi  |  

Trumid recently reported its January performance. The electronic bond trading platform announced “record” monthly activity. Trumid, a financial technology company and fixed income electronic trading platform, reports record trade volume and user participation highlights for January 2024. January Highlights shared by Trumid are as follows:… Read More

February 12, 2024 @ 10:22 pm By Omar Faridi  |  

Financial activities–from paying bills to checking bank balances to sending money to friends–have increasingly “moved online, making digital literacy critical to managing our finances,” according to an update from Capital One. Adam Davis, Vice President, Financial Health, Inclusion, and Liquidity at Capital One, said: “Financial… Read More

February 12, 2024 @ 6:16 pm By Omar Faridi  |  

Though the venture market was in a state of declines over the past couple of years, much of the pricing pressure has not yet forced pre-seed or seed-stage valuations below the highs of 2021, according to an update from Pitchbook. While it’s true this area… Read More

February 12, 2024 @ 6:08 pm By Omar Faridi  |  

India is reportedly moving forward with the next few stages of its planned digital rupee pilot. This would add programmability and offline payment capability, according to a recent update. Like most major economies across the globe, India has been testing a retail CBDC or central… Read More

February 12, 2024 @ 6:04 pm By Omar Faridi  |  

Hong Fan, OKX President, notes that she’s pleased to announce a major milestone in OKX’s global expansion – they have officially launched our leading crypto exchange and Web3 services in Argentina. Given Argentina’s position as one of the “top” crypto markets in Latin America with… Read More