October 18, 2023 @ 9:49 am By Omar Faridi  |  

ThinCats are pleased to announce the appointment of Dan Hartley as Chief Financial Officer. ThinCats notes in a blog post that Dan has over “a decade of experience in senior financial roles and joins from the Lowell Group, one of the largest credit management companies… Read More

October 18, 2023 @ 9:00 am By JD Alois  |  

Marqeta (NASDAQ: MQ) and Motive have announced a new partnership. Motive provides a service that aims to support operational efficiencies in fleet management and also seeks to reduce fraud while providing discounts at partner locations. The company reports having issued approximately 35,000 cards since launching… Read More

October 18, 2023 @ 8:42 am By JD Alois  |  

Globacap has announced raising $21 million in Series B funding backed by Cboe. Other investors include Moore Strategic Ventures, LLC, the Johannesburg Stock Exchange (JSE), as well as GABI Ventures and QBN Capital.  Globacap is another entrant in the private securities market, seeking to consolidate… Read More

October 18, 2023 @ 7:25 am By Omar Faridi  |  

The US division of crypto exchange Binance has reportedly suspended withdrawals of dollars by its customers from the digital asset platform (as per the firm’s updated terms shared on Monday). In June of this year, Binance.US decided to halt US dollar deposits, following the US… Read More

October 18, 2023 @ 7:20 am By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has reportedly agreed with Fintech Modulr to place customer onboarding restrictions until the service provider adheres to applicable regulatory guidelines. At the start of this month, the FCA had placed a restriction for the firm, which prevents it from… Read More

October 17, 2023 @ 11:17 pm By Omar Faridi  |  

iwoca, which claims to be one of Europe’s largest SME lenders, announces a new funding line with initial commitments of £200 million from Barclays and Värde Partners. In January this year, iwoca secured “an increase and extension to its existing funding line, with long-standing partner… Read More

October 17, 2023 @ 10:50 pm By Omar Faridi  |  

The US startup ecosystem witnessed a considerable decline in venture capital (VC) funding activity “during the first three quarters (Q1-Q3) of 2023.” A total of 5,448 VC funding deals “with disclosed value worth of $89.3 billion were announced in the US during the period.” This… Read More

October 17, 2023 @ 9:48 pm By JD Alois  |  

The House Financial Services Committee has announced several upcoming hearings on various issues. On Tuesday, October 24, the Capital Markets Subcommittee will hold a hearing entitled: “Examining the SEC’s Agenda: Unintended Consequences for U.S. Capital Markets and Investors.” The same day, the Financial Institutions &… Read More

October 17, 2023 @ 9:45 pm By Omar Faridi  |  

At Payhawk, their primary focus is their clients. Customer-centricity has been the most critical part of their culture from day one, and they claim to make it a priority to listen to customer feedback and iterate and improve their solution based on their needs. The… Read More

October 17, 2023 @ 9:32 pm By Omar Faridi  |  

Digital asset investment products saw inflows for the 3rd consecutive week totaling US $15m, although trading volumes remain 27% below the 2023 average, according to an update from CoinShares. CoinShares also revealed in its report that Bitcoin saw $16 million inflows last week, “bringing the… Read More

October 17, 2023 @ 9:30 pm By Omar Faridi  |  

Bank of America Institute (NYSE: BAC), the internal think tank that uses Bank of America’s proprietary data from their 68 million consumer accounts to glean insights into the US economy, has released a report. The update looks into how consumers are faring given the current conditions…. Read More

October 17, 2023 @ 9:20 pm By Omar Faridi  |  

Revolut, the global financial superapp with more than 35 million customers worldwide, has revealed a significant expansion to its Financial Crime (FinCrime) headcount, doubling its size since 2021. Recognizing the critical role of human intelligence in fraud detection and prevention, alongside technology and AI, Revolut… Read More

October 17, 2023 @ 5:02 pm By JD Alois  |  

Figure has completed $16 billion in blockchain native lending transactions since 2018. The data point was shared by founder Mike Cagney, who was responding to a LinkedIn post that said the world is five years away from broad-based utilization of tokenization having any volume or… Read More

October 17, 2023 @ 4:49 pm By Omar Faridi  |  

Coinbase (NASDAQ:COIN) is working to update the financial system that was built over 100 years ago by using crypto to provide people with more economic freedom and opportunity. To advance this purpose, Coinbase is building what it claims it the most “trusted” crypto products and… Read More

October 17, 2023 @ 4:45 pm By Omar Faridi  |  

Adyen (AMS: ADYEN), the global financial technology platform of choice for leading businesses, brings Tap to Pay on iPhone to its Australian retailer customers. By partnering with NewStore for the launch, businesses “including R.M.Williams, Lorna Jane, and Munro Footwear Group, parent company to Mathers, Williams,… Read More

October 17, 2023 @ 3:32 pm By JD Alois  |  

Hiive, a secondary market for private securities, has raised venture funding, setting a post-money valuation of $77 million on the Canadian startup. The company reportedly raised USD $4.2 million in a SAFE. Hiive was founded in 2021. Hive stated: “We are pleased to announce that… Read More

October 17, 2023 @ 2:59 pm By Omar Faridi  |  

OKX Ventures, the investment arm of crypto exchange and Web3 technology company OKX,  announced the participation in last year’s Series B for Celestia Labs. Celestia is described as “the first modular blockchain network, meaning developers can use Celestia as a base layer for consensus and… Read More

October 17, 2023 @ 11:53 am By JD Alois  |  

MiCA, or markets in crypto assets regulation, was approved by the European Union earlier this year. The aim is to provide regulatory clarity for digital assets in the EU. Today, the European Markets and Securities Authority (ESMA) has issued a statement cautioning crypto investors that… Read More

October 17, 2023 @ 10:47 am By JD Alois  |  

Seedrs, part of Republic, is offering investors access to a fund managed by G-Force. The green fund aims to provide investors the opportunity to support firms that are seeking to address the climate. G-Force is managed by partners Marian Gazdik, the former MD of Europe,… Read More

October 17, 2023 @ 10:23 am By Omar Faridi  |  

Edinburgh-based venture capital firm Par Equity has today announced the launch of its new venture fund – Par Equity Ventures I LP. The firm has secured “a first close of £67m to boost innovative technology companies with high-growth potential in the North of England, Northern… Read More