October 25, 2023 @ 9:48 pm By Omar Faridi  |  

Prism Data, a cash flow underwriting and data analytics platform, announced today that it has raised $5 million in seed funding. This investment round was reportedly “led by Obvious Ventures, with participation from Citi Impact Fund and Core Innovation Capital.” Prism’s new funding follows “a… Read More

October 25, 2023 @ 4:30 pm By JD Alois  |  

LendingClub (NYSE:LC), a digital bank with expertise in online lending, announced Q3 results today, reporting top line revenue of $200.8 million and net income of $5 million or EPS of $0.05. The top line number was a decline from $232.5 million in Q2 and when… Read More

October 25, 2023 @ 2:29 pm By JD Alois  |  

Freemarket has been approved by the Central Bank of Ireland as a Payment Institution. The UK-based Fintech provides B2B payments and currency exchange. Freemarket said the approval will help with its European expansion plans as it now has access to all EEA countries. Freemarket has… Read More

October 25, 2023 @ 2:20 pm By Omar Faridi  |  

Capchase, the revenue acceleration platform for Software-as-a-Service (SaaS) companies, announced a global partnership with Republic – an ecosystem of Web3 optimized financial services that are “building the digital infrastructure required to support a fully democratized future of finance.” The partnership will enable Republic’s global portfolio… Read More

October 25, 2023 @ 12:29 pm By Omar Faridi  |  

Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain, announces the appointments of Peter Marton, former Deputy Superintendent of Virtual Currency at the New York State Department of Financial Services (NYDFS), and cryptographer, Chaitanya Reddy Konda, who “designed… Read More

October 25, 2023 @ 11:45 am By JD Alois  |  

US-based switching platform Squeeze has acquired UK-based Youtility, an embedded finance management firm working with banks and Fintechs. The terms of the acquisition were not revealed by the companies. Youtility’s tech platform is backed by some big firms, including Barclays, The Joseph Rowntree Foundation, Big… Read More

October 25, 2023 @ 11:37 am By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has published its 6th report on the consumer credit card market, stating that consumers paid record-high fees and interest in 2022. Interest rates have been marching higher in the past months as the US Federal Reserve attempts to crush… Read More

October 25, 2023 @ 10:50 am By Tony Zerucha  |  

Groundfloor this week launched Groundfloor 3.0. Derived from a decade of insights from more than 230,000 investors, Groundfloor 3.0 is designed for mass market investors seeking exposure to private market real estate. “The alternative investments industry has scaled to the point where it’s now possible… Read More

October 25, 2023 @ 10:06 am By JD Alois  |  

Ledger, best known for its hardware digital wallets, is now offering tokenization services via its enterprise division or turning assets into digital assets. In a blog post, Legder said it was “unlocking institutional opportunities” as more firms look to leverage distributed ledger technology to issue… Read More

October 25, 2023 @ 9:57 am By Omar Faridi  |  

Airwallex, a global payments and financial platform for modern businesses, announced a new global survey that revealed surging demand for cloud-based financial services “with more than 80 per cent of SMBs looking to switch away from traditional banks for their payment needs.” The report, jointly… Read More

October 25, 2023 @ 9:33 am By Omar Faridi  |  

CoinList, the crypto launchpad and exchange that provides access to established crypto assets, recently conducted a survey of over 500 validators and testnet participants in order to gain insight “into their preferences and inform their future initiatives.” Testing crypto products and protocols “requires active community… Read More

October 25, 2023 @ 8:45 am By Omar Faridi  |  

Mambu, a Software as a Service (SaaS) cloud banking platform, announced it is now available in AWS Marketplace, making it one of the first core banking providers on the site. AWS Marketplace is a digital catalogue “with thousands of software listings from independent software vendors… Read More

October 25, 2023 @ 8:14 am By Omar Faridi  |  

A challenging macroeconomic environment is prompting businesses worldwide to cut their supplier list, “with payment service providers (PSPs) in the crosshairs.” Two-thirds (66%) of businesses in a five-market survey “across the US, UK, and Eurozone say they are looking to consolidate the number of PSPs… Read More

October 25, 2023 @ 7:32 am By Omar Faridi  |  

Vodafone’s Digital Asset Broker (DAB) announced it has demonstrated a proof of concept with Sumitomo Corporation, Chainlink Labs and InnoWave to “address longstanding challenges in the $32 trillion global trade ecosystem.” The demonstration focused on “the seamless exchange of crucial trade documents across diverse platforms… Read More

October 25, 2023 @ 7:08 am By Omar Faridi  |  

Beluga, a platform that onboards and guides new users through their crypto journey, announced a $4M seed round from some of the most well-known crypto and FinTech investors. The investment round was led “by Fin Capital with participation from Anagram, UDHC, Dispersion Capital, Aptos Labs,… Read More

October 24, 2023 @ 11:18 pm By Omar Faridi  |  

North America is the largest cryptocurrency market, according to Chainalysis. Chainalysis reveals hat the region has “an estimated $1.2 trillion in value received on-chain between July 2022 and June 2023.” That total now “represents 24.4% of global transaction activity during the time period studied.” Most… Read More

October 24, 2023 @ 10:17 pm By Omar Faridi  |  

Blockstream, the global leader in Bitcoin infrastructure technology, has announced the public rollout of its “Lightning-as-a-Service” solution, Greenlight. This launch aims to transform the way developers and enterprise clients worldwide “integrate fast, low-cost bitcoin payments into their software via the Lightning Network.” In the current… Read More

October 24, 2023 @ 10:13 pm By Omar Faridi  |  

Riskified (NYSE: RSKD), which claims to be a leader in ecommerce fraud and risk intelligence, today announced a partnership and integration with Plaid, the data network powering the digital financial ecosystem. This partnership empowers online merchants, marketplaces, and trading platforms to approve ACH (Automatic Clearing… Read More

October 24, 2023 @ 10:11 pm By Omar Faridi  |  

nSure.ai, an innovator in AI-driven fraud prevention, and Justt, a firm focused on smart chargeback automation, today announced a new partnership. This collaboration will aim to “provide fraud protection and chargeback management capabilities tailored for high-risk digital transactions in gaming, gift card, and cryptocurrency.” As… Read More

October 24, 2023 @ 10:09 pm By Omar Faridi  |  

Jumio, the provider of automated, end-to-end identity verification, risk assessment and compliance solutions, today unveiled at Money20/20 USA Jumio 360° Fraud Analytics, its new fraud-fighting technology that uses AI-driven predictive analytics to identify fraud patterns with more sophistication and accuracy than ever before. According to… Read More