Tagged: finance

November 7, 2023 @ 2:05 pm By Omar Faridi  |  

Ledge, the automated finance operations OS, released a finance industry report with new benchmark data that shows that finance teams at tech companies are forced “to inefficiently scale their headcount to manage the heavy workload of their finance operations.” Ledge’s research found that “as businesses… Read More

October 29, 2023 @ 10:53 pm By Omar Faridi  |  

Injective, the blockchain built for finance, published its DeFi Trader Survey 2023. The research draws from various cryptocurrency trading communities, “aiming to provide a comprehensive understanding of how professionals and amateurs approach cryptocurrency trading, their motivations, and valuable lessons for the wider trading community.” Most… Read More

October 24, 2023 @ 7:31 am By Omar Faridi  |  

TAB, the real estate finance and investment house set to have a £500m loan book in 2024, has completed a private securitisation facility with NatWest and Atalaya Capital Management of “up to £300m to support TAB’s lending products.” Both funding partners support TAB’s commitment to… Read More

October 22, 2023 @ 2:38 pm By Omar Faridi  |  

Finastra, a global provider of financial software applications and marketplaces, is partnering with ELCY, a specialist in e-commerce solutions for the processing of international trade finance, to provide a trade finance solution for corporates. The Corporate Trade Finance Portal from Finastra and ELCY will “enable… Read More

October 1, 2023 @ 5:00 pm By Omar Faridi  |  

In the DeFi realm, while innovation and opportunity are definitely arising, significant potential risks prevail, according to an update from SlowMist. SlowMist explains that addressing these challenges demands “an active and evolving security approach, parallel in its dynamism and comprehensiveness to the ecosystem it aspires… Read More

September 30, 2023 @ 4:21 pm By Michael Wong  |  

d1g1t, a Canadian institutional-grade wealth management platform for Financial Advisors, RIAs, and Multi-Family Offices, announced that it has closed a combined equity and debt financing round. U.S. based existing investor MissionOG led the equity investment, which included participation of other top existing institutional investors: CI… Read More

September 23, 2023 @ 11:06 am By Michael Wong  |  

Mesh, the financial operating system dedicated to seamless digital asset transfers and account aggregation, has announced raising $22 million in a Series A funding round, anchored by Money Forward Inc. The round was participated by a diverse group of new investors like Galaxy and Samsung… Read More

September 18, 2023 @ 11:37 am By Omar Faridi  |  

HighRadius, the provider of Autonomous Finance Software for Order to Cash, Treasury, and Record to Report, launched FreedaGPT – Generative AI for the Office of the CFO. FreedaGPT is the next generation of Freeda – HighRadius’ AI-enabled digital assistant “for Order to Cash, Treasury, and… Read More

September 14, 2023 @ 9:02 pm By Omar Faridi  |  

Accenture (NYSE: ACN) and Workday (NASDAQ: WDAY) are expanding their partnership to help organizations reinvent their finance functions to be more agile, data-driven and customer-centric. The companies are collaborating “to develop a suite of data-led, composable finance solutions that can be configured and reconfigured to… Read More

September 11, 2023 @ 8:12 am By Omar Faridi  |  

Drawing insights from independent research, including a survey of 250 executives and managers from UK banks or financial firms, Weavr’s whitepaper provides “a comprehensive look at current attitudes towards, and actions to develop, embedded-finance offerings by UK financial institutions.” Amongst the key findings, the research… Read More

September 9, 2023 @ 3:38 pm By Michael Wong  |  

The global trade finance gap soared to an unprecedented $2.5 trillion in 2022, escalating from $1.7 trillion two years prior, reveals the 2023 Trade Finance Gaps, Growth and Jobs Survey presented by the Asian Development Bank (ADB) today. This gap represents the discrepancy between requests… Read More

September 8, 2023 @ 12:16 pm By Omar Faridi  |  

Netcompany acquired a 20% stake in the Danish based Festina Finance – a provider of software for the Life and Pension industry with a customer base in Denmark and the Netherlands. The investment will accelerate the entry “into new markets for Festina Finance and enhance… Read More

September 6, 2023 @ 7:31 am By Omar Faridi  |  

The vast majority of SME finance experts expect the Government to “miss its target of halving inflation by the end of the year,” iwoca’s latest Q2 2023 SME Expert Index finds. The new research, carried out with over one hundred SME finance brokers who collectively… Read More

August 29, 2023 @ 10:47 pm By Omar Faridi  |  

The funding initiates a multi-year, comprehensive growth roadmap designed to see Maple establish itself beyond DeFi and into the world of traditional finance “as a lending marketplace and technology provider.” As noted in a blog post, Maple has closed “a $5 million strategic funding round.”… Read More

August 29, 2023 @ 9:46 pm By Omar Faridi  |  

The India Digital SME Credit Report 2023 released in collaboration between GetVantage and Redseer Strategy Consultants estimates that “a potential US$ 220 Bn credit deficit poses a roadblock to unlocking the economic potential of millions of digitized businesses.” Out of the current US$ 220 Bn… Read More

August 16, 2023 @ 8:30 am By Omar Faridi  |  

  We recently caught up with the former CEO of Midas Finance, who built a $300 million crypto-fund that has gone bankrupt with the CeFi market collapse and who claims he has taken all his lessons with him to revive growth back into DeFi with… Read More

August 13, 2023 @ 9:36 pm By Omar Faridi  |  

Monite, the API-first embedded finance company that helps B2B platforms capitalize on hassle-free finance automation for their clients, recently fortified its commitment to become an industry standard by appointing three Fintech professionals. Dan Osburn, a VP of product pivotal to Marqeta’s growth from a $20M… 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

July 6, 2023 @ 11:17 pm By Omar Faridi  |  

Tandem, which claims to be the UK’s greener digital bank, has secured £20 million in Tier 2 capital from Quilam Capital – a growth investor with expertise in the speciality finance sector. The investment by Quilam further “re-enforces the growth trajectory of Tandem as the… Read More

June 20, 2023 @ 11:02 pm By Omar Faridi  |  

Finance Secretary Benjamin E. Diokno and Ambassador of India to the Philippines Shambhu Santha Kumaran signed a memorandum of understanding (MOU) on June 19, 2023 at the Department of Finance (DOF) office in Manila “to enhance cooperation between the Philippines and India in the field… Read More