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

ValidMind, the AI and model risk management platform for financial services, today announced it has raised $8.1 million in a seed funding round led by Point72 Ventures, with participation from Third Prime, New York Life Ventures, AI Fund, Notion Capital, FJ Labs, Angel Invest, and… Read More

April 6, 2024 @ 12:07 pm By Omar Faridi  |  

UK Fintech Wise (LSE:WISE) has shared its newest partnership with Swan, a European firm focused on embedded finance. Swan enables companies across Europe to easily “embed banking features such as accounts, cards, and payments into their own product.” However, one thing was missing “from their offer;… Read More

April 6, 2024 @ 12:05 pm By Omar Faridi  |  

Pitchbook is reporting mixed fintech performance as public fintech companies delivered mixed returns in Q1 2024. Pitchbook notes in a report that when “compared to the S&P 500’s 10.2% return and Nasdaq’s 9.1% return for the quarter, the neobanks, brokers, and crypto cohort was the… Read More

April 5, 2024 @ 8:09 pm By Michael Wong  |  

The Brunei Darussalam Central Bank (BDCB) and the Bank of the Lao PDR (BOL) have officially joined the Regional Payment Connectivity (RPC), marking a significant milestone in ASEAN’s financial integration efforts, the Monetary Authority of Singapore (MAS) has announced. The BDCB’s accession to the RPC… Read More

April 5, 2024 @ 7:06 pm By Michael Wong  |  

The Monetary Authority of Singapore (MAS) announced significant amendments to the Payment Services Act (PS Act) and its subsidiary legislation, marking a pivotal step in expanding the regulatory framework for payment services within the city-state. These amendments, which aim to incorporate a broader spectrum of… Read More

April 5, 2024 @ 4:17 pm By Omar Faridi  |  

ClearBank, the enabler of real-time clearing and embedded banking for financial institutions, today presents the results from its 2023 Annual Report. It shows ClearBank’s first full year of profitability, “with strong growth in income, platform and transaction fees, deposits, and clients.” In a challenging and… Read More

April 5, 2024 @ 3:09 pm By JD Alois  |  

StartEngine has listed a new securities offering for Fanatics, a company that works with top sports properties by selling apparel, etc., by licensing the brands. Fanatics also has entered the sports betting sector having acquired PointsBet sportsbook. StartEngine notes that Fanatics has already raised $8.9… Read More

April 5, 2024 @ 2:18 pm By Omar Faridi  |  

Coinbase (NASDAQ:COIN) says it has officially been registered as a Restricted Dealer by the Canadian Securities Administrators (CSA). This move reportedly makes Coinbase the largest and first international cryptocurrency exchange registered in Canada. This milestone, following their formal launch in August 2023, reinforces their commitment… Read More

April 5, 2024 @ 2:15 pm By Omar Faridi  |  

OKX has released a report titled ‘Unlocking the Infinite Potential of Crypto and AI.’ The research report from OKX explores “the convergence of AI and crypto, a major trend in the current market cycle that is giving rise to new applications and innovations encompassing areas… Read More

April 5, 2024 @ 2:11 pm By Omar Faridi  |  

AmeriBest Home Care, a Philadelphia-based home care business, has partnered with DailyPay – a worktech company and leader in earned wage access. Bob Kane, AmeriBest’s Chief Operating Officer, said: “At AmeriBest, providing exceptional care to our clients is paramount. We accomplish that with an exceptional… Read More

April 5, 2024 @ 12:57 pm By Omar Faridi  |  

The Celo Foundation and Rarible introduce Celosphere, a new NFT marketplace powered by RaribleX and platforming digital ownership aligned with the Celo community’s mission of creating prosperity for all. Built on Celo, an emerging Ethereum Layer-2 and mobile-first blockchain network, the Celosphere provides creators “with… Read More

April 5, 2024 @ 12:11 pm By Michael Wong  |  

Zeepay, a finteh startup based in Accra, Ghana, has announced raising an undisclosed amount in its latest round of equity funding. The funding round was spearheaded by prominent investors including Africa50, Oikocredit, Injaro Ghana Venture Capital Fund (IGVCF), and Verdant Capital Hybrid Fund, with additional… Read More

April 5, 2024 @ 11:51 am By Michael Wong  |  

zypl.ai, a generative artificial intelligence (AI) fintech lending startup, announced it secured significant investment from Dubai-based corporate and retail bank Commercial Bank International (CBI) along with other global investors in a post-seed bridge round. This strategic investment precedes zypl.ai’s anticipated Series A funding round set… Read More

April 5, 2024 @ 10:55 am By Omar Faridi  |  

Chainalysis is marking its 10th year of operations this spring, and they’re reflecting on how far they’ve come with their clients and how the’re continuing to evolve with the rapidly changing ecosystem. Chainalysis notes in a blog post that the market revival we are experiencing… Read More

April 5, 2024 @ 10:15 am By Omar Faridi  |  

Every quarter, Carta releases information on the startup ecosystem in their State of Private Markets report. Carta, a software development firm focused on equity management software, explains in a blog post that it can take a few weeks for rounds to “be recorded on our… Read More

April 5, 2024 @ 9:45 am By Michael Wong  |  

Ellipsis Labs, a player in the development of on-chain exchange technologies, has announced raising a total of $20 million in its Series A funding round. The round was led by Paradigm, with significant contributions from Electric Capital, highlighting strong investor confidence in Ellipsis Labs’ potential… Read More

April 5, 2024 @ 9:35 am By JD Alois  |  

ZA Bank, one of the first regulated digital banks in Hong Kong, is now supporting stablecoins. Stablecoins are digital assets tied to another asset. Typically, this means fiat currency like the US dollar or Euro, but they can also be tied to other assets like… Read More

April 5, 2024 @ 8:50 am By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant, today announced in an industry-first, the launch of a new online initiative – Wikipink – aimed at setting new standards for transparency and responsibility in the credit and lending industry. Amid growing scrutiny over the practices… Read More

April 5, 2024 @ 8:48 am By Omar Faridi  |  

VC dealmaking slides to a 7-year low, while several blockbuster deals “drive a modest rebound in funding,” according to an extensive update from CBInsights. According to the latest CBInsights report, Q1’24 was “a mixed bag for the venture market.” The CBInsights report reveals that equity… Read More

April 5, 2024 @ 6:27 am By Omar Faridi  |  

What has your online brokerage firm done for you lately? For most do-it-yourself (DIY) investors whose level of satisfaction with their brokerage firm has “not budged despite significant stock market growth, the answer is unclear.” According to the J.D. Power 2024 U.S. Self-Directed Investor Satisfaction… Read More