Tagged: europe

October 20, 2022 @ 10:17 pm By Omar Faridi  |  

Banco Santander (NYSE: SAN), which claims to be one of the largest banks in the world with over 157 million customers, and Forgepoint Capital, one of the “leading” venture capital firms focused on cybersecurity, announced a strategic alliance “to drive cybersecurity investment and innovation globally.”… Read More

October 20, 2022 @ 12:09 pm By Omar Faridi  |  

Lloyds Banking Group has introduced Innovation Sandbox in order “to accelerate its collaboration with Fintechs and improve the digital products and services it offers to customers.” Innovation Sandbox will reportedly “help the Group bring a variety of Fintech opportunities through the design and test cycle… Read More

October 20, 2022 @ 8:18 am By Omar Faridi  |  

Nuri was founded in 2015 under the name Bitwala with the purpose “to make Bitcoin spendable.” Over the years, the business has “gone through several transformations and re-positionings, ups and downs,” until it has become Nuri, the bank account “to grow your money.” The team’s… Read More

October 19, 2022 @ 11:47 pm By Omar Faridi  |  

Funding Circle (LSE: FCH), which claims to be the United Kingdom’s largest lending platform for small business borrowers, announced the appointment of Greig McEwan as Chief Technology Officer. Greig joins Funding Circle’s Global Leadership Team, “reporting to CEO, Lisa Jacobs.” Greig is “a customer-driven technology leader… Read More

October 19, 2022 @ 10:27 pm By Omar Faridi  |  

Broadway, a provider of high-performance front-office solutions, announced major upgrades to its Duration Trader algorithm “to meet customer and market needs during an ongoing period of volatile European interest rates.” Broadway clients can now “leverage Duration Trader to efficiently unwind risk, eliminate inefficient manual hedging… Read More

October 19, 2022 @ 8:22 am By Omar Faridi  |  

UK-based open banking and request to pay Fintech firm Ordo has secured £10 million in a Series A round that was reportedly led by Equinox Systems. Established in 2018 by the former management team of the Faster Payments scheme, Ordo allows companies to request payments… Read More

October 19, 2022 @ 8:14 am By Omar Faridi  |  

Paytrix, an embedded payments company for “high-growth” vertical software platforms, announced that it has secured £5 million of new capital.” The investment round was “led by Hambro Perks, an international investment firm focused on private investing, alongside investment from Bain Capital Ventures, Fin VC, Better… Read More

October 18, 2022 @ 11:31 pm By Omar Faridi  |  

UK-headquartered payments Fintech, allpay Limited, have teamed up with Salt Edge, a key player in Open Banking services, to enable businesses to offer customers, including people with vulnerable financial situations, a convenient payment experience, being a part of the larger financial inclusion initiative of the… Read More

October 18, 2022 @ 10:30 pm By Omar Faridi  |  

HR and payroll services provider, SD Worx, is committed to making additional investments in people-based Fintech services for its clients by working with Modulr, the embedded payments platform that supports quicker payroll payments. Traditional Bacs payments for payroll usually take around three business days to… Read More

October 17, 2022 @ 7:33 pm By Omar Faridi  |  

  CoinShares, which claims to be one of Europe’s largest and longest-standing full-service digital asset investment and trading groups, recently announced the launch of CoinSharesNFTAI (@CoinsharesNFTAI), a Twitter bot that “utilizes proprietary algorithms developed by CoinShares researchers to estimate the current fair market price for… Read More

October 17, 2022 @ 8:36 am By Omar Faridi  |  

Prime property finance firm CapitalRise has reached £200 million in prime property loan origination, funding developments across London and the home counties to the value of over £640 million. As noted in a blog post, CapitalRise originated £99 million of these loans in a 12-month… Read More

October 15, 2022 @ 2:49 pm By Omar Faridi  |  

Crypto.com, which claims to be the world’s fastest growing cryptocurrency platform, announced it will “invest €150 million in France to support the establishment of its market operations, including a regional headquarters in Paris.” This investment “follows Crypto.com being registered as a Digital Asset Service Provider… Read More

October 15, 2022 @ 2:32 pm By Omar Faridi  |  

Zumo, the UK-based wallet and crypto-as-a-service enterprise solution provider, has announced at Sibos 2022 that it has “become the latest member of the World Economic Forum’s Crypto Sustainability Coalition.” Part of the wider Crypto Impact and Sustainability Accelerator, the newly formed coalition will explore “how… Read More

October 14, 2022 @ 1:35 pm By Omar Faridi  |  

YuLife, the tech-driven financial services brand on a mission to inspire life, recently announced that funds and accounts advised by T. Rowe Price Associates, Inc. have joined as investors in the company, “having participated in YuLife’s recent Series C funding round.” The investment, along with… Read More

October 13, 2022 @ 2:23 pm By Omar Faridi  |  

Since Talenthouse completed the acquisition of Coolabi which covers several markets including UK, US and China, both businesses are working together “to deepen Talenthouse’s proposition within the Creator Economy space and diversify its offering amidst an unsteady market.” With market conditions looking to continue in… Read More

October 13, 2022 @ 11:22 am By Omar Faridi  |  

Deutsche Bank (ETR: DBK) and Fiserv (NASDAQ: FISV), which claims to be a global leader in payments and financial services technology, have launched Vert, which is described as “a comprehensive payment acceptance and banking services provider to small and medium-sized enterprises (SMEs).” Vert is reportedly… Read More

October 13, 2022 @ 8:21 am By Omar Faridi  |  

GoHenry, the UK-headquartered provider of a pre-paid debit card and financial education app for kids, has secured $55 million in capital in order to fund its move into new markets. GoHenry has raised growth capital on a crowdfunding platform, pursuing multiple funding rounds on Crowdcube,… Read More

October 13, 2022 @ 8:14 am By Omar Faridi  |  

The Digital Pound Foundation is pleased to announce the addition of Modulr to the Digital Pound Foundation’s membership community. Since its inception in 2016, Modulr has “grown to become the leading provider of embedded payments to businesses across the UK and Europe.” Authorized by the… Read More

October 12, 2022 @ 10:47 pm By Omar Faridi  |  

Binance is pleased to announce the signing of a Memorandum of Understanding (MoU) between Binance and the Financial Monitoring Agency of the Republic of Kazakhstan. The agreement “expresses signatories’ mutual interest in the safe development of virtual asset markets in Kazakhstan and creation of a… Read More

October 12, 2022 @ 10:16 pm By Omar Faridi  |  

During times of unprecedented inflation in the Eurozone, bunq, which claims to be the second largest neobank in the EU, has observed a cross-country trend of younger European consumers being severely impacted by the ongoing cost-of-living crisis. The neobank’s clients in different European Union nations… Read More