Tagged: investments

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

July 28, 2024 @ 10:42 pm By Omar Faridi  |  

Businesses in the UK can access Lightyear’s new business accounts and start putting their money to work through cash interest and investments on the platform. This comes as the neobroker releases analysis “on new Bank of England data highlighting the increase in the total amount… Read More

July 23, 2024 @ 11:32 pm By Omar Faridi  |  

At Superstate, they reportedly develop sophisticated investment solutions for institutional investors, aligning with their mission to modernize the investing landscape. By leveraging blockchain technology’s speed, programmability, and compliance advantages, Superstate reportedly create tokenized products “that meet the evolving demands of the financial sector.” Superstate has… Read More

July 19, 2024 @ 6:16 am By Omar Faridi  |  

Mid-market private equity investment activity in the UK declined by 11% in the first half of 2024, as challenging macroeconomic conditions persisted, according to KPMG UK’s latest mid-market Private Equity analysis. The firm’s most recent M&A research study revealed “that 321 mid-market transactions were completed… Read More

July 16, 2024 @ 8:20 am By Omar Faridi  |  

HeavyFinance recently shared its latest platform performance review. HeavyFinance reveals in its comprehensive update that June proved to be “a dynamic month for their investor community, with €1.16M allocated across 36 agricultural projects on the HeavyFinance platform.” By the close of June 2024, the total… Read More

July 15, 2024 @ 4:26 pm By Omar Faridi  |  

One of the key metrics for consumer investment apps is reducing the time to trade once an account is opened, according to an update from Alpaca. However, slow funding can be “a big friction for this engagement,” Alpaca noted in a blog post. To provide… Read More

July 15, 2024 @ 1:41 pm By Omar Faridi  |  

The latest Mintos Risk Score updates based on developments and data from the first quarter of 2024 are now live on Mintos. Mintos has shared the general summary of the most recent quarterly changes. This quarter, Mintos says that it “saw 5 increases in the… Read More