Tagged: europe

August 7, 2023 @ 2:57 am By Omar Faridi  |  

Dot Investing, which aims to tap into investments for the £75.2tn pool of capital with limited access to fast-evolving private markets, has raised 99% (£744,625.44) of its £750,000 fundraising target (at the time of writing) from 87 investors via its crowdfunding campaign, carried out via Crowdcube,… Read More

August 6, 2023 @ 2:37 pm By Omar Faridi  |  

The month of July has shown “promising” growth on Mintos. Total investments saw “a significant increase of €90.8 million worth of Notes funded, and interest earned by investors in July climbed to €4.1 million.” The average interest rate for July “stood at 12.7%, translating to… Read More

August 5, 2023 @ 1:59 pm By Omar Faridi  |  

UK-based digital bank Revolut will reportedly stop US clients from accessing cryptocurrencies. This, according to an official statement from the firm that was issued on Friday (August 4, 2023). Revolut has cited the current US regulatory environment and the overall crypto market uncertainty as the… Read More

August 4, 2023 @ 11:29 am By Omar Faridi  |  

Specialist finance provider Assetz Capital is pleased to announce a recent agreement for a development exit loan in the town of Frome, Somerset. The lender will be “providing financing to support the ground-up development of an impressive scheme comprising 7 townhouses, 2 detached houses, and… Read More

August 4, 2023 @ 7:45 am By Omar Faridi  |  

Orbital, the London, Tallinn and Gibraltar-based traditional finance and crypto payments platform for global enterprises, has raised £5M ($6.4M) in “an oversubscribed growth round led by Golden Record Ventures, at an attractive valuation in which the founders are maintaining a large majority.” Participants in the… Read More

August 3, 2023 @ 7:09 pm By Omar Faridi  |  

HeavyFinance, a climate tech investment marketplace, has financed €40 million in agricultural loans across Europe. The achievement marks a major step forward “in promoting sustainable practices and the company’s aim of generating 250,000 carbon credits from 100,000 hectares of agricultural land by the end of… Read More

August 3, 2023 @ 3:28 pm By Omar Faridi  |  

CaixaBank Group posted an attributable net profit of €2.14 billion during “the first half of 2023, up 35.8% compared to the same period of the previous year (€1.57 billion).” CaixaBank CEO, Gonzalo Gortazar, emphasized the strong performance of CaixaBank during the first half of the… Read More

August 3, 2023 @ 11:46 am By Omar Faridi  |  

In the evolving landscape of European financial regulations, it is crucial for businesses and stakeholders “to stay informed about the latest developments,” according to a report by the law firm of Bird & Bird. The EU proposals, or the Financial data access and payments package,… Read More

August 3, 2023 @ 8:16 am By Omar Faridi  |  

PostFinance, which claims to be one of Switzerland’s leading financial institutions and largest retail banks, leverages its existing partnership with Sygnum, the “world’s first” digital asset bank, to reward their employees “with a free NFT issued by Sygnum as part of their educational game for… Read More

August 3, 2023 @ 8:13 am By Omar Faridi  |  

Pension savers have reportedly “contributed over 20% more to their pensions in Q2 2023 compared to the same period last year, despite persistent levels of high inflation,” according to new analysis from online pension provider, PensionBee. The average quarterly contribution amount “for female savers increased… Read More

August 2, 2023 @ 10:30 pm By Omar Faridi  |  

CoinShares says it has built on the performance seen at the start of the year, “delivering Q2 results that represent the Group’s strongest quarter since the start of 2022.” CoinShares has shared some results: Revenue for Q2 2023: £10.7 million (Q2 2022: £13.9 million) Gains… Read More

August 2, 2023 @ 5:18 pm By Omar Faridi  |  

Rapyd, the global Fintech-as-a-Service provider, announced the acquisition of PayU Global Payment Organization (GPO; not including PayU’s India, Turkey, and Southeast Asia operations) of Netherlands-based Prosus, a global consumer internet group and one of the largest technology investors in the world. PayU GPO, a provider… Read More

August 2, 2023 @ 9:21 am By Omar Faridi  |  

ZILO, the UK based Fintech company, announces the go-live of its SaaS technology platform for global transfer agency services. ‍ ZILO has a mission to transform the global transfer agency market improving the technology of custodian banks and outsourcing organizations “thereby enabling them to offer… Read More

August 1, 2023 @ 10:55 pm By Omar Faridi  |  

France’s privacy-focused watchdog CNIL stated on Friday (July 28, 2023) that it is well aware of ChatGPT-founder Sam Altman‘s Worldcoin initiative and that the legality of its biometric data collection process appears to “questionable.” Worldcoin, which was officially introduced on Monday, requires clients to offer… Read More

August 1, 2023 @ 10:52 pm By Omar Faridi  |  

Mollie, which claims to be one of the “fastest-growing” financial services providers in Europe, announces a new integration and joint marketing effort with Klaviyo, a marketing automation and customer data platform that “drives revenue growth for businesses of all sizes.” Through the new integration, merchants… Read More

August 1, 2023 @ 9:11 am By Omar Faridi  |  

An improvement in jobs and sales growth across UK small businesses in June “has been largely offset by increasing late payments and a slowdown in wages growth,” according to the latest data from global small business platform Xero. Xero’s Small Business Index, based “on anonymized… Read More

August 1, 2023 @ 8:56 am By Omar Faridi  |  

European Depositary Bank (EDB), the Luxembourg-headquartered provider of banking, depositary, and custody solutions, announces its appointment by Aarna Capital Limited to deliver Digital Banking solutions. Aarna Capital is a multi-asset brokerage firm, “operating from Abu Dhabi Global Markets (ADGM) and offering customers access to futures,… Read More

July 31, 2023 @ 1:29 pm By Omar Faridi  |  

The first six months of 2023 were difficult for the fintech market globally, “with both total funding and the number of deals dropping, from US$63.2 billion across 2,885 deals in H2’22 to US$52.4 billion in across 2,153 deals in H1’23.” The cloud of uncertainty permeating… Read More

July 31, 2023 @ 8:49 am By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs),  announced that it has joined the Amazon Web Services (AWS) Cyber Insurance Partner Initiative. Participation in this initiative demonstrates that Cowbell “has deep expertise in serving SME customers with cyber insurance coverage tailored… Read More

July 31, 2023 @ 8:15 am By Omar Faridi  |  

Christian Niedermueller, CEO of Blocktrade, has commented on the evolving European crypto landscape during a recent interview with CI and shared his experience leading Blocktrade through this turbulent period in the industry. For context, Blocktrade is a gamified asset marketplace that raised 5.6 million EUR… Read More