Tagged: covid-19

OurCrowd Funded SaNOtize Raises $24 Million Series B as it Tackles COVID-19

SaNOtize has raised $24 million in Series B funding in a rojnd led by global investment crowdfunding platform OurCrowd and Horizons Ventures. The Agricultural Bank of China International also participated in the funding round. OurCrowd enables accredited investors to gain access to unique venture capital… Read More

Card Payments in New Zealand to Increase at 5% CAGR between 2022 and 2026: Report

The New Zealand payment card market is expected to “gradually recover” from the COVID-19 pandemic to register a compound annual growth rate (CAGR) of 5.0% “between 2022 and 2026 and reach NZ$98.0 billion ($67.1 billion) in 2026,” forecasts GlobalData, a data and analytics company. According… Read More

Fundbox Releases US Small Business Trends Survey 2022

The early stages of the COVID-19 pandemic were a “hive of activity” for small businesses, with a striking 53% jump in applications to start new companies, according to an update from Fundbox. Now macro economic factors, from inflation to staffing shortages, “are posing significant challenges… Read More

London School of Economics and Political Science (LSE) Cautions Against Bank Closures During Epidemics

Consumers from lower-than-average socioeconomic backgrounds found it challenging to access online banking during the COVID-19 outbreak, while many continue to depend on in-person banking services. This, according to an update from the London School of Economics and Political Science (LSE). The research, released in the… Read More

Cambridge Centre for Alternative Finance Publishes Fintech Report, Reviews Industry Resilience During Time of COVID

The Cambridge Centre for Alternative Finance (CCAF), part of the University of Cambridge in the UK, along with the World Economic Forum and the World Bank, have published the Global COVID-19 Fintech Impact and Industry Resilience Study. CCAF has long been the leading research institute reviewing… Read More

International Sales, Global Suppliers Key to Ensure Post COVID Business Recovery: Mastercard Report

Data from Mastercard’s (NYSE: MA) 2022 Borderless Payments Report has revealed “two in five (44%) global small and medium sized businesses (SMEs) fear they will never achieve the same revenue levels as before the pandemic, although online business and international sales offer a real lifeline.”… Read More

Payments Fintech Adyen, KMPG Share Insights from 2022 Retail Report

When you expect the “unexpected,” you can set your business up to “weather turbulent times,” according to an update from Adyen. If the past few years of the global pandemic have done anything, “they’ve proven that adage true.” When it became clear that the retail,… Read More

Stable Finalizes $60M Series B to Address Commodity Market Crisis

Stable, the ‘home of hedging’ for the $5 trillion agricultural commodity industry, recently revealed that it has finalized a $60 million Series B. The investment round has reportedly been led by Acrew along with key investors Greycroft, Notion Capital, Syngenta and Continental Grain Company also… Read More

Majority of Private Market Funds Pivoted to Handle Challenges from COVID-19 Crisis: Research Report

Hilary Wiek, CFA, CAIA Lead Analyst, Fund Strategies & Sustainable Investing, notes that when Pitchbook last reported their benchmark returns, performance “was through June 2021.” The research report also mentioned that vaccines “were available, masks were coming off, and many office workers had resumed their… Read More

Fintech iwoca SME Expert Index: 30% Brokers Say Lending Market Returned to Pre-pandemic Levels

The small business lending market has has reportedly returned to pre-pandemic levels of activity. This, according to nearly a third of brokers (30%) surveyed in iwoca’s latest SME Expert Index. And nearly another third (31%) believe the market will “return within 6 months, based on… Read More

European Marketplace Lender October Provides Updates on French State-Guaranteed Loans

European marketplace lender October recently commented on the French state-guaranteed loans. On March 2020, the French State announced an “exceptional package of €300Bn state-guaranteed loans (PGE) to support SMEs during the Covid-19 crisis.” Since the launch of this first state-guaranteed loan via the October platform… Read More

Hong Kong Monetary Authority Announces Enhancements to SME Financing Guarantee Scheme

The Hong Kong Monetary Authority (HKMA) notes that they have made enhancements to the SME Financing Guarantee Scheme. The Financial Secretary confirmed in the 2022-23 Budget today (23 February) that the application period for the 80% Guarantee Product, the 90% Guarantee Product and the Special… Read More

Financial Health Network: Average Q4 Account Balance Drained By $1,500, 2x 2020 Rate

The Financial Health Network this week released Financial Health Pulse Points data from Q4 2021. The analysis shows sample account balances declined by an average of $1,500 over the fourth quarter, double the $750 recorded in the same quarter of 2020. Average fourth quarter account balances… Read More

Payments Trends for 2022 Shared in Latest Galileo Report

Galileo, a Fintech payments company, recently shared a series of predictions for the trends that will shape payments in 2022. The payments space was undoubtedly influenced by the COVID-19 pandemic, with innovation accelerated out of necessity and towards a more human-oriented and connected finance industry…. Read More

Fraud in Call Centers Changing But Still On the Rise in 2022: Pindrop

Pindrop’s Voice Intelligence and Security Report 2021 provides detailed evidence of how fraudsters have shifted strategies during the COVID-19 pandemic. Prior to 2020 call centers typically saw fraud rates of one out of every 770 calls, but in 2020 the ratio rose to one out… Read More

Fintech Modulr Reveals How Hybrid Working is Changing Corporate Travel Market

When the COVID-19 crisis struck, working practices changed for many individuals and businesses across the globe. Offices had been closed and corporate travel was at a standstill, as virtual networks began replacing physical networking. Fast forward two years and while lockdowns are easing and conferences… Read More

WealthKernel Introduces Instant Matching Deposits, Supported by ClearBank

WealthKernel, a provider of digital investment services and infrastructure, has introduced Instant Matching Deposits that are being powered by ClearBank, the Cloud-enabled clearing bank. Instant Matching Deposits enables investors “to instantly fund their accounts and begin trading without waiting days for payments to clear, and… Read More

OurCrowd Financed COVID Treatment is 99% Effective Against the Disease

SaNOtize, an OurCrowd portfolio company, has shown to be 99% effective against COVID-19 in a phase three trial, according to a note distributed by OurCrowd. Simultaneously, the treatment has received regulatory approval in India. OurCrowd has participated in the funding of the firm providing access… Read More

ComplyAdvantage Predicts Landmark Year for Fintech Industry Compliance Professionals

The team at ComplyAdvantage has released their new report, titled The State of Financial Crime 2022. ComplyAdvantage’s outlook for 2022: From supply chains in crisis to “high-wire” geopolitical standoffs and the implementation of updated regulatory frameworks, it’s going to be “a landmark year for compliance… Read More

Fintech Paysend Reveals What they Learned After Becoming Remote-First Working Company

The team at Fintech firm Paysend notes that the world of work has changed, and never more so than in the past 2 years. Many businesses are reporting that they are “struggling to cater to changes that come with being Remote.” At Paysend, they made… Read More

Send this to a friend