Tagged: financial services

March 25, 2022 @ 8:38 pm By Omar Faridi  |  

Indian Fintech firm Credilio has acquired $4 million in capital via a pre- Series A round from several key investors. Credilio’s investment round has been led by Cornerstone Venture Partners Fund. The round also included contributions from Exfinity Venture Partners and the founder of Param… Read More

March 25, 2022 @ 6:41 pm By Omar Faridi  |  

Australian expense management Fintech Cape has acquired $33.1 million in capital from Aura Ventures, Investible, Scalare Partners, Mercury Capital and various business angels. Cape intends to offer a centralized node for handling internal expense controls, eliminating duplicate and unnecessary expenses, in order to assist firms… Read More

March 24, 2022 @ 9:43 pm By Omar Faridi  |  

Chainalysis, the blockchain data platform, has announced a partnership with Cross River, a tech-driven financial services organization that offers core infrastructure and embedded financial solutions. Cross River is well-known for offering financial services to the Fintech and crypto sectors and will utilize Chainalysis tools “to… Read More

March 24, 2022 @ 6:30 pm By Omar Faridi  |  

ANZ has introduced a virtual banking service, ANZ Plus. Smart, “secure” and built on an updated banking platform, ANZ Plus is specifically designed to give Australia-based consumers a lot more visibility and control of their funds. The first release from ANZ Plus is described as… Read More

March 24, 2022 @ 3:52 pm By Omar Faridi  |  

Dave Inc. (Nasdaq: DAVE), a banking app on a mission to build products that level the financial playing field, has announced a partnership with West Realm Shires Services, Inc., which is the owner and operator of FTX US, “whereby the companies will work together to… Read More

March 24, 2022 @ 1:07 pm By Omar Faridi  |  

UBS (SWX: UBSG) has announced the launch of its Virtual Worker Framework, which is described as a new approach to “flexible” working that will offer US workers in eligible roles with the opportunity “to work 100% remotely.” UBS will begin “a phased implementation of the… Read More

March 24, 2022 @ 11:43 am By Omar Faridi  |  

Stripe, an international payments company, recently confirmed the launch of Stripe Tax in Singapore. This feature should assist businesses operating in Singapore to automatically determine and collect consumption tax, better referred to as goods and services tax (GST), in the Southeast Asia-based country, as well… Read More

March 24, 2022 @ 12:56 am By Omar Faridi  |  

Currencycloud, the Fintech firm that is focused on simplifying business in a multi-currency world, has introduced Weekend FX, offering customers with the ability to provide competitive FX rates 24/7, “even after the markets close on a Friday evening.” As noted by Currencycloud: “Gone are the… Read More

March 23, 2022 @ 2:43 pm By Omar Faridi  |  

When one of the most prominent firms, Andreessen Horowitz, proclaimed in January 2020 that “every company will be a fintech company”, it “spurred a big debate,” according to the team at UK’s MarketFinance. How much should software platforms “build their own solutions, versus embedding third… Read More

March 23, 2022 @ 8:40 am By Omar Faridi  |  

The team at digital assets firm Kraken is pleased to welcome Carrie Dolan, who is a recognized financial services veteran ‘in high-growth consumer Fintechs and Fortune 500 companies, as Kraken’s newly appointed Chief Financial Officer (CFO).” Carrie will be expected to serve a key role… Read More

March 23, 2022 @ 1:18 am By Omar Faridi  |  

The Nordic-based payment service provider Avarda has reportedly chosen European open banking provider Aiia, a Mastercard company, in order to support open banking payments via its white-label payment solutions for an extensive range of retailers and merchants. Supported by the Mastercard global Open Banking platform,… Read More

March 22, 2022 @ 11:28 pm By Omar Faridi  |  

Fiserv, Inc. (NASDAQ: FISV), an international provider of payments and financial services technology solutions, and MX, a financial data platform provider and a key player in modern connectivity, are accelerating the future of open finance “through secure, reliable consumer financial data sharing.” MX is reportedly… Read More

March 21, 2022 @ 7:32 pm By Omar Faridi  |  

Branch, a workforce payments platform, had announced a Series C round totaling $75 million. As covered, the investment round, led by Addition, includes contributions from global growth equity investor General Atlantic along with existing investors Drive Capital, Crosscut Ventures, and Indeed, among others. Branch aims… Read More

March 21, 2022 @ 10:18 am By Omar Faridi  |  

Parallel Finance, the DeFi parachain hub of Polkadot and Kusama, has executed a  coordinated launch of “six separate products in one day across many different DeFi primitives.” The complete list includes: Parallel’s Automated Market Maker (AMM), Farming, Liquid Staking, v2 Crowdloan Platform, Cross Chain Bridge,… Read More

March 20, 2022 @ 8:55 pm By Omar Faridi  |  

Payrails, an operating system for payments and financial services, recently announced that it has secured $6.4 million in seed funding in order to launch its next-gen financial operations (FinOps) platform. The firm’s investment round was reportedly led by Andreessen Horowitz with HV Capital, Delivery Hero… Read More

March 20, 2022 @ 3:39 pm By Omar Faridi  |  

Egypt’s largest national banking institutions – Banque Misr, National Bank of Egypt, and Banque du Caire – and Global Ventures, an MEA-focused VC firm – announced the launch of Nclude by Global Ventures, “following approval by the Central Bank of Egypt (CBE).” This “unprecedented” step… Read More

March 19, 2022 @ 12:37 pm By Omar Faridi  |  

Versana recently revealed its plans to introduce an industry-backed syndicated loan platform, joining together banking institutions, various lenders and their service providers “to bring transparency, efficiency and velocity to this $5 trillion market.” Versana’s founding members “are J.P. Morgan, Bank of America, Citi and Credit… Read More

March 19, 2022 @ 11:44 am By Omar Faridi  |  

Allica Bank has reportedly secured more than £1 billion in total deposits from businesses as well as individual savers. The key milestone comes after Allica Bank had preformed considerable work to further diversify its deposit-acquring channels. Along with introducing its range of personal and business… Read More

March 18, 2022 @ 5:26 pm By Omar Faridi  |  

TrueLayer, which claims to be one of Europe’s leading open banking platforms, recently announced that former Amazon executive David Exposito has now joined the company in the newly created role of VP of EU Sales, where he will “manage commercial operations and development, including the… Read More

March 18, 2022 @ 4:09 pm By Omar Faridi  |  

Stripe, a tech firm building financial infrastructure for the Internet, confirmed that Blockchain.com has “chosen Stripe to facilitate payments, mitigate fraud risk, and improve revenue management.” Established in 2011, Blockchain.com was one of the early infrastructure “pioneers” of the Bitcoin community. As of January 2022,… Read More