Tagged: europe

June 8, 2022 @ 11:06 pm By Omar Faridi  |  

Inflation is increasing in an unprecedented manner in many developed and developing economies, putting greater pressure on the major reserve banks to raise interest rates. In the United Kingdom, April inflation hit 9%, which is notably a 40-year high and the second highest inflation rate… Read More

June 8, 2022 @ 7:27 pm By Omar Faridi  |  

The German-Austrian Bluecode and the Swiss TWINT are the first mobile payment systems to become “interoperable with one another.” Interoperability of said two systems “is based on the specifications of EMPSA (European Mobile Payments System Association).” TWINT and Bluecode interoperability has already “been running since… Read More

June 8, 2022 @ 9:25 am By Omar Faridi  |  

After carefully watching the number of new investors every month, Bondora is pleased to confirm that there are now over 200,000 investor accounts on their platform. Bondora notes that they are quite pleased that more and more people are choosing to invest with them. Their… Read More

June 8, 2022 @ 7:21 am By Omar Faridi  |  

Mintos notes in its Mintos Insight update that for certain investment products, regulation happens from the get-go, but for others, they might “not fall into a regulatory framework straight away.” While sharing other key takeaways from the Mintos Insight report, the team noted that new… Read More

June 8, 2022 @ 7:19 am By Omar Faridi  |  

Zibble, a long term property rental marketplace for renters, landlords and property contractors, has raised 101% (£80,950) of its £80,000 target from 154 investors through its crowdfunding campaign, carried out via Seedrs (with 2 days left in the sale). Located in the United Kingdom, Zibble… Read More

June 8, 2022 @ 12:34 am By Omar Faridi  |  

CaixaBank, which claims to be Spain’s “leading” financial institution, has launched FXNow, its online platform that enables customers to trade currencies “in real time, quickly, securely and without intermediaries, in Morocco.” With the launch, CaixaBank claims it has become “the only Spanish bank in Morocco… Read More

June 7, 2022 @ 9:57 am By Omar Faridi  |  

Nationwide Building Society has reportedly extended its commitment to protect physical branch locations in cities and towns across the United Kingdom for at least another year as part of ongoing efforts to assist households amid the unprecedented rise in cost-of-living. The mutual lender stated that… Read More

June 7, 2022 @ 9:50 am By JD Alois  |  

Open banking platform Tink has signed a strategic partnership for open banking technology with Revolut, a popular neobank. Tink’s payment initiation services (PIS) technology is expected to allow Revolut users across Europe to easily move money into their Revolut accounts. PIS enables users to connect… Read More

June 7, 2022 @ 8:05 am By Omar Faridi  |  

Trovata, a US-based firm focused on automating cash reporting and forecasting via wholesale, multi-bank API data aggregation, is preparing to launch operations in the United Kingdom on the back of a $27 million round. As noted by Sky News, Trovata, which maintains head offices in… Read More

June 7, 2022 @ 8:03 am By Omar Faridi  |  

Dutch startup Fung has reportedly acquired $2.7 million in capital via a pre-seed round for its goal of unifying cryptocurrency and fiat payment channels. Fung’s investment round has been co-led by Global Founders Capital, Kingsway Capital, Kindred Capital, and Karatage. Fung’s management noted that they… Read More

June 7, 2022 @ 1:07 am By Omar Faridi  |  

Pennyworth, an AI-powered private bank for the “aspiring” affluent, has secured 103% (£619,023) of its £600,000 target from 241 investors (with 15 days left in the firm’s crowdfunding campaign) via Seedrs. Located in the United Kingdom, Pennyworth operates in the Finance & Payments sectors (Digital B2C)…. Read More

June 6, 2022 @ 9:34 pm By JD Alois  |  

The European Parliament has posted regulations pertaining to tokenization and digital securities leveraging blockchain or distributed ledger technology. The DLT pilot plan aims to enable innovators to advance their platforms while providing a safe environment for users. To quote the document: It is important to… Read More

June 6, 2022 @ 4:52 pm By Omar Faridi  |  

As a startup ecosystem builder and veteran, Andrea Li, the VP, Head of International at Clearco, says she’s particularly excited about bringing Clearco, one of the largest digital commerce funders, to Germany, which is one of the world’s largest e-commerce economies. Clearco provides equity-free capital “to… Read More

June 6, 2022 @ 3:09 pm By Omar Faridi  |  

A year ago, the Robo.cash platform was joined by the Philippine originator UnaPay. Presently, it is operating within the holding under the UnaCash brand. The Robocash team noted that they are pleased to share the company results for the beginning of 2022. Here are the… Read More

June 6, 2022 @ 3:07 pm By Omar Faridi  |  

After “very positive” growth in April, in May, the volumes of funded loans on PeerBerry further “grew by 16%.” EUR 38,48 million of loans have been funded on PeerBerry last month. PeerBerry is a marketplace platform where investors can participate in short term, high interest… Read More

June 6, 2022 @ 7:00 am By Omar Faridi  |  

Zump, a professionally designed social network for property (think LinkedIn/Instagram for Real Estate),  has raised 94% (£236,380) of its £250,000 target from 131 investors (at the time of writing) through its crowdfunding campaign via Crowdcube (with  15 days left in the sale). Zump reports a… Read More

June 6, 2022 @ 6:58 am By JD Alois  |  

OpenPayd, a banking as a service (BaaS) provider, and Yapily have announced a partnership to deliver payment solutions for businesses in the UK and across Europe.  According to the two companies, Yapily’s open banking platform will be incorporated into OpenPayd’s embedded finance offering, creating a… Read More

June 6, 2022 @ 6:44 am By Omar Faridi  |  

Copper.co, the provider of institutional digital asset custody and trading solutions, recently announced that it has been approved for membership of the Swiss Financial Services Standard Association (VQF) via Copper’s Swiss entity based in Zug. Copper’s VQF membership “provides assurance to its clients regarding the… Read More

June 5, 2022 @ 11:30 pm By Omar Faridi  |  

Yobota recently announced its partnership with Tranch, a buy now, pay later (BNPL) startup platform on a mission “to deliver more flexible payments to fast-growing businesses.” Founded in 2016, London-based core banking provider Yobota claims it has “built a fast, flexible, cloud-native core banking platform… Read More

June 5, 2022 @ 2:30 pm By Omar Faridi  |  

Bitpanda recently confirmed that it will support the Luna (LUNA) Airdrop for Terra Classic (LUNC) holders. This means that Bitpanda is supporting the new Terra 2.0 blockchain and have listed LUNA. For Bitpanda users who held tokens of the Terra project (now LUNC tokens), Bitpanda… Read More