Tagged: europe

March 7, 2022 @ 9:07 am By Omar Faridi  |  

Hong Fang, CEO at digital asset firm Okcoin, notes that it has been a really “tough week” for a lot of us, “especially those who are in Ukraine (and Russia), or have families affected by this invasion and horrible unrest.” Fang writes in a blog… Read More

March 7, 2022 @ 8:53 am By Omar Faridi  |  

Viritech, a Cleantech investment opportunity in the global hydrogen economy, has raised 141% (£1,414,140) of its £1,000,000 target via Crowdcube from 772 investors (at the time of writing) with 11 days left in the firm’s crowdfunding campaign. Viritiech claims that it has “a world-class engineering… Read More

March 7, 2022 @ 8:36 am By Omar Faridi  |  

UK-headquartered cryptocurrency firm Mode has appointed ex- Alipay UK CEO Rita Liu to serve as the company’s Chief Executive. For more than 1o years, Liu has held key leadership roles at Fintech firm Alipay in Asia, the US, Canada and was CEO in the UK… Read More

March 7, 2022 @ 8:25 am By Omar Faridi  |  

PeerBerry business partner – real estate developer SIB Group – has “successfully closed the real estate project “Bukčiai” in Vilnius, the capital of Lithuania.” The real estate loan of €2 million plus interest rate €199,746 (total amount €2,199,746) was “repaid to PeerBerry investors on March… Read More

March 6, 2022 @ 4:16 pm By Omar Faridi  |  

The correlation of Bitcoin to the Nasdaq is currently ~57%, “climbing over the past week,” according to an update from BitOoda. As the team at BitOoda had noted this past week, the Russian invasion of Ukraine led to “a large sell off that reversed faster… Read More

March 4, 2022 @ 11:26 pm By Omar Faridi  |  

Pärtel Tomberg, CEO at European lender Bondora, notes that the news of the Russian invasion of Ukraine has “sent shock waves around the world.” Bondora‘s CEO writes in a blog post that their thoughts “go out to everyone who is affected, and [they’re] committed to… Read More

March 4, 2022 @ 9:26 am By Omar Faridi  |  

After closing the month of February 2022, the team at Robo.cash has shared their latest platform updates, as well as some of their recent results. Robocash noted in an update: Plarform investors funded loans worth 15M euro. 685 people started investing via Robocash. Investors earned… Read More

March 4, 2022 @ 8:26 am By Omar Faridi  |  

UK-based MarketFinance notes that while consumer apps have undergone major digital transformation over the past decade, many B2B experiences have “remained largely offline and clunky.” MarketFinance writes in a blog post that they have “grown used to consumer experiences being unlocked with a few taps,… Read More

March 4, 2022 @ 8:18 am By Omar Faridi  |  

Ukraine is reportedly funding its war against Russia by appealing to the global crypto community. This, as the nation will soon introduce non-fungible tokens (NFTs) in order to help support financially its armed forces. Mykhailo Fedorov, the Vice Prime Minister of Ukraine, recently confirmed that… Read More

March 3, 2022 @ 9:08 pm By Omar Faridi  |  

Tide, which is the United Kingdom’s business financial platform with full-scale operations set to launch in India, has confirmed their plans to support 500,000 female-led companies by 2027. UK based #fintech #Tide commits to incubate 500,000 women-led small businesses in India in next five years,… Read More

March 3, 2022 @ 6:05 pm By Omar Faridi  |  

European payment institution, Igoria Trade SA, is enhancing its multicurrency IBAN capabilities by “working in partnership” with technology-first payments bank, Banking Circle. Utilizing Banking Circle Virtual IBAN, Igoria Trade will also “benefit from fast, secure SEPA, SWIFT and Faster Payments transfers.” With head offices in… Read More

March 3, 2022 @ 3:08 pm By Omar Faridi  |  

The team at UK Fintech Modulr notes that they are pleased to let their clients know that their Faster Payments transaction limit has “increased from £250,000 to £1 million for inbound and outbound payments, in line with the retail payments authority, Pay.UK, which went into… Read More

March 3, 2022 @ 8:31 am By Omar Faridi  |  

Fintech firm Freetrade reveals that they have received their license from Sweden’s financial regulator, Finansinspektionen. Freetrade confirms that their mission “to get everyone investing got a big boost this week, as we secured our licence from the Swedish financial regulator.” The company wrote in a… Read More

March 2, 2022 @ 11:47 pm By Omar Faridi  |  

Standard Chartered (LON: STAN) recently confirmed that it teamed up with the International Air Transport Association (IATA) to introduce IATA Pay in India. IATA Pay, which is available in several European markets, is an airline industry payment platform that provides optionality, convenience and an improved… Read More

March 2, 2022 @ 3:04 pm By Omar Faridi  |  

US-based digital asset firm Coinbase Global Inc (NASDAQ: COIN) confirmed that it would continue to block accounts and transfers of Russian customers targeted by US and EU-led sanctions. However, the crypto exchange has stopped short of banning all customers from Russia As reported by Reuters,… Read More

March 2, 2022 @ 10:50 am By Omar Faridi  |  

Empowered by Enfuce’s payment platform, AirPay Digital is able to provide smart business cards featuring automated bookkeeping. AirPay, which claims to be the first card payment solution to cover the transaction journey from point-of-sale to company accounting, has selected Enfuce, one of Europe’s Fintech firms,… Read More

March 1, 2022 @ 8:39 am By Omar Faridi  |  

Researchers from DTU (Denmark’s Technical University) have for the first time taken quantum communication out of the lab and used it to “securely transfer” data at Danske Bank. This is considered a breakthrough in the development of digital communication and the “race against cyber criminals.”… Read More

February 28, 2022 @ 5:44 pm By Omar Faridi  |  

Temenos (SIX: TEMN), the banking software firm, recently announced that Canada Life UK, a subsidiary of Canada Life Group, has officially gone live with Temenos Multifonds  in order to support its UK investment accounting operations. Administration of life and pensions funds is “highly governed” and… Read More

February 28, 2022 @ 2:52 pm By Omar Faridi  |  

The UK government’s Help to Grow scheme has seen “painfully slow” uptake from small businesses – “despite the current economic landscape leaving many of them in desperate need of support,” according to an update shared with CI. Mikkel Velin, Co-CEO of B2B embedded lending provider… Read More

February 28, 2022 @ 3:27 am By Omar Faridi  |  

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