Tagged: investments

October 6, 2024 @ 2:31 pm By Omar Faridi  |  

Binance Labs has reportedly made an invested in Sophon, which is described as an ecosystem for apps focused on the gaming sector, social, AI, prediction markets and a range of other use-cases. With the vision of changing how users live, play, create, and connect in… Read More

October 2, 2024 @ 7:20 pm By Omar Faridi  |  

PhonePe announced its partnership with Jar to launch its new product offering ‘Daily Savings’ on its platform, enabling users to save money in 24K digital gold via “incremental daily contributions.” With Daily Savings, users are able to set aside as little as ₹10 per day,… Read More

October 1, 2024 @ 5:22 pm By Omar Faridi  |  

Business lending provider NovaLend, which is focused on supporting small businesses in Poland, has reportedly joined PeerBerry with an 8% annual return on investing in business loans secured by a buyback guarantee. According to the update shared by European investment platform PeerBerry, the lender’s loan… Read More

September 22, 2024 @ 9:14 am By Omar Faridi  |  

Borderless Capital, a Web3 investment manager, has launched its third DePIN-focused fund, a $100 million fund designed to accelerate the growth and development of Decentralized Physical Infrastructure Networks (DePIN). The DePIN Fund III is backed by prominent investors, “including peaq, Solana Foundation, Jump Crypto, IoTeX,… Read More

September 22, 2024 @ 8:36 am By Omar Faridi  |  

E-commerce enablement investments have reportedly increased QoQ, producing $1.9 billion across 101 different deals, improvements of 2.4% as well as 9.8%, respectively. This, according to the latest research report from PitchBook. However, PitchBook pointed out in its latest report that YoY contractions “were sharper, with… Read More

September 17, 2024 @ 6:28 am By Omar Faridi  |  

Savr, a Fintech based in Sweden, has secured additional financial investment from Incore Invest, a European investment firm focusing on growth-stage investments, further deepening their ongoing partnership. The strategic investment from Incore Invest “will drive Savr’s latest offering to now include equities, alongside mutual funds… Read More

September 12, 2024 @ 10:15 am By Omar Faridi  |  

Deloitte’s 2024 CxO Sustainability Report: Signs of a shift in business climate action shows that climate change remains a top three issue for global C-suite level business leaders (CxOs), surpassing political uncertainty, competition for talent, and the changing regulatory environment, among others. A key indicator… Read More

September 9, 2024 @ 3:06 pm By Omar Faridi  |  

Luge Capital has announced the closing of $96 million for Luge Capital Fund II, the firm’s second Fintech-focused fund. Luge previously announced a $71M first close of the fund, with “backing from CDPQ, Desjardins, BDC Capital, Sun Life, Industrial Alliance Financial Group (iA), Fonds de… Read More

September 8, 2024 @ 5:38 pm By Omar Faridi  |  

J.P. Morgan Asset Management announced an enhancement to its Morgan Money platform, a short-term investment management solution with over $300 billion in assets under management (AUM), through a collaboration with Kyriba, a global leader in liquidity performance. This integration aims to streamline liquidity management processes,… Read More

September 7, 2024 @ 11:31 am By Omar Faridi  |  

Latest figures have revealed Scottish businesses remain attractive to investors as 23 firms shared funding worth over £85 million in the second quarter of 2024. The latest KPMG Private Enterprise Venture Pulse report has showed “that companies from across the region – including Edinburgh, Stirling,… Read More

September 3, 2024 @ 6:28 am By Omar Faridi  |  

The Bondora Group has shared their comprehensive 2023 Financial Results. They are pleased to report Bondora Group’s 2023 financial results, “with the greatest highlight being their seventh consecutive year of profitability.” Last year was a prosperous chapter in their financial journey, showcasing “what’s possible when… Read More

August 23, 2024 @ 10:55 am By Omar Faridi  |  

Franklin Templeton, a global investment firm with $1.6T in assets under management, has expanded its L1 blockchain footprint by extending the availability of its first-of-its-kind on-chain money market fund to the Avalanche network. The Franklin OnChain U.S. Government Money Fund (FOBXX or the Fund) was… Read More

August 21, 2024 @ 1:05 pm By Omar Faridi  |  

State Street Corporation (NYSE: STT) and Taurus SA, a global firm focused on digital asset infrastructure, has announced a strategic agreement seeking to deliver digital assets capabilities for State Street Bank and Trust Company clients. The agreement will further enhance State Street Digital Asset Solutions,… Read More

August 15, 2024 @ 4:35 pm By Omar Faridi  |  

Binance Labs, the incubation arm of Binance, has invested in Sahara AI, a decentralized AI blockchain platform built for open and equitable AI. Sahara AI is building a collaborative AI economy “that prioritizes the sovereignty and provenance of AI, ensuring security, equity, and accessibility for… Read More

August 13, 2024 @ 3:01 pm By Omar Faridi  |  

HeavyFinance has shared its latest platform performance review. HeavyFinance has shared key highlights from the summer and July. The team notes that this period has proved to be a dynamic month for their investor community “with €1.33M allocated across 52 agricultural projects on the HeavyFinance… Read More

August 13, 2024 @ 6:11 am By Omar Faridi  |  

KeyCorp (NYSE: KEY) announced it has reached an agreement under which The Bank of Nova Scotia (NYSE: BNS) will make a strategic minority investment in KeyCorp of approximately $2.8 billion, representing “approximately 14.9% pro forma common stock ownership, for a fixed price of $17.17 per… Read More

August 12, 2024 @ 2:14 pm By Omar Faridi  |  

Chinese tech giant Tencent has reportedly decided to cash in its stake in UK neobank Tide as part of an overall retreat from its global investments strategy. Tencent has reportedly offloaded its shares to an unidentified buyer or group of buyers. Tencent, known for its… Read More

August 1, 2024 @ 11:46 am By Omar Faridi  |  

Ireland sees venture capital (VC) investment pick up in Q2’24 and saw 24 deals raising $237.5 million an increase of nearly two fifths (38 percent) compared to $172.5 million across 33 deals for the same period last year. VC investors showed increasing willingness “to make… Read More

July 31, 2024 @ 9:14 am By Omar Faridi  |  

First AI Pulse Survey shared by EY reveals that the number of senior leaders investing $10 million or more is set to nearly double, but many are failing to also invest in necessary infrastructure, jeopardizing AI’s impact. After more than a year of hype around… Read More

July 31, 2024 @ 6:11 am By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, has invested in aPriori, a project focused on Miner Extractable Value (MEV)-powered liquid staking solutions on Monad, a high-performance Ethereum-compatible L1 smart contract platform. aPriori’s mission is to “decentralize Monad’s network and enhance the user… Read More