Tagged: europe

May 25, 2022 @ 12:33 pm By Omar Faridi  |  

Sveriges Riksbank has successfully completed the initial phase of the migration to TARGET Instant Payment Settlement (TIPS). As noted in the announcement, this paves the way for “the instant settlement of payments in Swedish kronor in TIPS.” The first phase included establishing “a connection between… Read More

May 25, 2022 @ 10:30 am By Omar Faridi  |  

Global Blockchain Business Council – the international industry association for the blockchain technology ecosystem – has announced a merger with market standards association for the adoption of cryptocurrencies and digital assets, Global Digital Finance (GDF). The merger sees the two organizations “join their respective resources,… Read More

May 25, 2022 @ 9:07 am By JD Alois  |  

Yapily has partnered with B2B buy now – pay later (BNPL) provider Two, according to a statement from the company. Yapily, an Open Banking provider, explains that when a business chooses to pay with Two online using Yapily Data, Two can instantly retrieve the buyer’s… Read More

May 25, 2022 @ 6:00 am By Omar Faridi  |  

Alviere, the embedded finance platform that enables any brand to deliver a full suite of financial products and services to clients, fans, and workers, has announced a partnership with Marqeta (NASDAQ: MQ), the modern card issuing platform. With Alviere’s expansion across Europe, Marqeta will “provide… Read More

May 25, 2022 @ 4:12 am By Omar Faridi  |  

MYPINPAD, an international player in mobile-based payments acceptance and digital authentication solutions, has teamed up with CircleBlue Pay (CBP) and OTP Mobile in a move that will “allow thousands of merchants across Hungary to accept card payments via Tap to Phone technology.” Based in Budapest,… Read More

May 24, 2022 @ 7:18 pm By Omar Faridi  |  

Mercuryo, the cryptocurrency payments firm, has revealed that it has hit 3 million users globally. The key milestone represents an acceleration in growth for the London-based business, having reached 2 million clients only four months back (in January of this year). Mercuryo is an international… Read More

May 24, 2022 @ 12:27 pm By Omar Faridi  |  

Qonto, the European business finance solution, has announced the launch of its new solution for invoicing. This new solution “simplifies the process of generating, sharing and managing professional and customized invoices directly from the platform.” Whether they are SMEs or freelancers, clients will be able… Read More

May 24, 2022 @ 7:46 am By Omar Faridi  |  

Tranch, a London-headquartered Buy Now Pay :ater (BNPL) platform for SaaS sellers and professional services providers, is ready now to come out of stealth, having secured £3.5 million in capital via a pre-seed equity and debt funding round. The investment round has reportedly been led… Read More

May 24, 2022 @ 7:41 am By Omar Faridi  |  

Binance UK is pleased to confirm their partnership with the UK’s Fintech Founders group, an independent not-for-profit organization representing the United Kingdom’s entrepreneurs and founders in the Fintech industry. As an international “leader” in the crypto-asset sector, Binance is committed “to working with associations and… Read More

May 24, 2022 @ 2:17 am By Omar Faridi  |  

Freetrade, the UK-based stock brokerage app provider, has secured £30 million via a loan agreement in order to boost its financial resources without having to commit to a new valuation for the firm. The FT reports that the announcement comes at a time when startups… Read More

May 24, 2022 @ 1:59 am By Omar Faridi  |  

GreenGrowth, an investments app empowering consumers to invest for a more “sustainable world,” has acquired 77% (£258,568) of its £335,001 target via Seedrs (at the time of writing) from 72 investors with 23 days left in the firm’s crowdfunding campaign. Located in London, United Kingdom,… Read More

May 23, 2022 @ 11:43 am By Omar Faridi  |  

CreamFinance reports that 2021 was a “record-setting” year for the company, “finishing with a €3.4 million net profit – the highest in Group’s history.” It also reports that it continued “to improve on these results during Q1 2022.” CreamFinance has provided the following operational and… Read More

May 23, 2022 @ 8:24 am By Omar Faridi  |  

In April 2022, both originations and investment funding grew “strong” and set new highs for the year, according to an extensive update from Bondora. The European lender noted that loan originations “increased by 7.2% to €15,697,955 and investments by 7.3% to €15,548,882.” As mentioned in… Read More

May 23, 2022 @ 1:41 am By Omar Faridi  |  

The partnership will leverage the platform’s machine learning capabilities “to deploy new funding to UK small businesses over a two-year period.” Funding Circle, which claims to be the UK’s largest small business loan platform, and Waterfall, an institutional asset manager, recently announced their lending partnership… Read More

May 22, 2022 @ 11:37 pm By Omar Faridi  |  

TrueLayer, which claims to be one of Europe’s “leading” open banking platforms, recently announced that The Credit Thing has successfully “implemented its recurring payments API and made the first consumer Variable Recurring Payments (VRP) transactions in the UK.” The Competition and Markets Authority has mandated… Read More

May 22, 2022 @ 10:37 pm By Omar Faridi  |  

P2P consumer lending platforms are the “most stable” in their growth, while the business segment is “increasing faster than the others,” the team at Croatian lender Robo.cash claims. Geographically, sustainable development is “mainly shown” by Croatian and Italian platforms, the Robo.cash writes in a blog… Read More

May 22, 2022 @ 2:05 pm By JD Alois  |  

European Central Bank (ECB) President Christine Lagarde hammered cryptocurrencies this past week during an interview with a Dutch broadcaster according to a report in Bloomberg. Lagarde, an EU official who has long expressed her interest in digital assets, is quoted stating: “My very humble assessment… Read More

May 21, 2022 @ 10:59 pm By Omar Faridi  |  

Nexi, the Paytech in Europe, and Piteco, an Italian software house offering corporate treasury management and financial planning solutions, entered a partnership enabling large corporations and SMEs to access a digital payment solution. The service provides firms with an additional line of credit, along with… Read More

May 21, 2022 @ 3:07 am By Omar Faridi  |  

MarketFinance, the Fintech credit and payments firm, recently announced a debt raise from Deutsche Bank which the company will use to part “fund up to £100m of lending to support strong, well-managed SME businesses with their investment and working capital needs.” The announcement comes at… Read More

May 21, 2022 @ 2:17 am By Omar Faridi  |  

flatexDEGIRO AG, which claims to be Europe’s largest and “fastest-growing” retail online broker and Boerse Stuttgart Group, Europe’s sixth largest exchange group, recently announced the signing of a Memorandum of Understanding (MoU) on a partnership in crypto trading. This will “give flatexDEGIRO customers direct access… Read More