Tagged: investments

July 25, 2023 @ 11:54 am By Omar Faridi  |  

Pebble Finance, a registered investment advisor, introduces an innovative app designed for digital natives that helps address the investing challenges faced by individuals who are often overlooked due to their limited financial resources. Whether driven by personal values or the desire to capitalize on emerging… Read More

July 24, 2023 @ 8:37 am By Omar Faridi  |  

Mediobanca Group, Italy’s largest investment bank, has signed a partnership with Founders Factory, the London-based global company builder and early-stage investor, to launch a new fintech venture studio and accelerator. This joint venture, underpinned by an overall €12 million investment from Mediobanca, will facilitate innovation… Read More

July 23, 2023 @ 10:31 pm By Omar Faridi  |  

European investment platform Bondora says it remains committed to improving the credit industry for all customers. Pärtel Tomberg, CEO and Founder of Bondora, has said: “So far, we have issued credit agreements in accordance with the law and previous guidelines. We don’t foresee significant changes… Read More

July 23, 2023 @ 5:00 pm By Omar Faridi  |  

Consumer fintech Salmon announced it has secured a $20 million debt facility from U.S. emerging-markets specialist investment firm Argentem Creek Partners, enabling Salmon to further scale its lending operations across the Philippines. Building on significant investor interest in the debt placement, Salmon will expand its… Read More

July 23, 2023 @ 2:28 pm By Omar Faridi  |  

In 2022, PeerBerry business partners CreditPlus KZ, Credit365 KZ, and AutoMoney KZ in Kazakhstan all together “made €4.7 million in net profit – significantly more compared to 2021 (Aventus Group’s total net profit in 2021 in Kazakhstan was €0.8 million).” In 2022, Aventus Group companies… Read More

July 22, 2023 @ 5:50 pm By Omar Faridi  |  

Snapsheet, which claims to be an industry leader specializing in claims management technology, today announced a strategic investment from State Farm Ventures. Through its innovative platform, Snapsheet streamlines and “expedites the claims process, providing insurers and policyholders with a seamless, user-friendly experience.” Snapsheet offers “a… Read More

July 22, 2023 @ 3:48 pm By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, has invested in Radiant Capital, a lending and borrowing protocol built atop Binance Labs portfolio company, LayerZero Labs, and focused on “bridging fragmented liquidity across decentralized finance ecosystems.” This strategic funding round “emphasizes Binance Labs’… Read More

July 20, 2023 @ 4:48 pm By Omar Faridi  |  

In just over 6 months Bitpanda Technology Solutions, an Investing-as-a-Service (IaaS) solution, has reportedly secured 12 partnerships, “expanded into 28 countries and unlocked digital trading for over 20 million people.” As Europe‘s B2B trading product, the team says that it is ‘driving further forward to… Read More

July 19, 2023 @ 9:31 am By Omar Faridi  |  

Bowmark Capital, the mid-market private equity firm, has invested significantly in Lendscape, a technology provider to the global secured commercial finance market. The company’s software and technology “underpin the secured lending offerings of over 120 banks and financial institutions worldwide.” Its platform supports the management… Read More

July 17, 2023 @ 10:57 pm By Omar Faridi  |  

Smart Pension, which claims to be one of the UK’s leading workplace pension providers, signs the Mansion House Compact, an industry-led voluntary expression of intent to take meaningful action to secure better outcomes for UK savers through increased investment in unlisted equities. By signing the… Read More

July 17, 2023 @ 10:45 pm By Omar Faridi  |  

Over the past year, the European P2P market has strengthened and exhibited a trend towards moderate growth, according to an update shared by Robocash. As noted in a blog post by Robo.cash, a survey conducted in 2022 revealed that 43% of platform users indicated “that… Read More

July 17, 2023 @ 5:28 pm By Omar Faridi  |  

Propellant.digital, the analytics Fintech which captures and analyses global trading activity to drive business decisions, has secured a strategic investment led by Volta Ventures, the seed and early-stage venture capital firm focused on software startups. Since Propellant was launched in mid 2021 its analytics platform… Read More

July 17, 2023 @ 4:07 pm By Omar Faridi  |  

Trunk Tools, a construction-focused fintech startup that addresses the skilled labor shortage by helping workers get paid faster, announced its launch out of stealth with $9.9 million in seed funding. The investment round was “led by Innovation Endeavors, with participation from Fifth Wall, Foundation Capital… Read More

July 17, 2023 @ 5:22 am By Omar Faridi  |  

Commonwealth Bank of Australia has made an equity investment in Wollemi Capital, as part of the global climate specialist investment firm’s Series A capital raising. Headquartered in Sydney and with staff and investments across Australia and the US, Wollemi invests in the businesses and projects… Read More

July 17, 2023 @ 4:22 am By Omar Faridi  |  

Global Brain Corporation, Sumitomo Mitsui Banking Corporation (SMBC), and SMBC Venture Capital Management Co., Ltd. will jointly establish JPY 30 billion “SMBC-GB Growth Fund” in order “to enhance its capabilities to invest in promising startups that will underpin future economic growth in Japan.” While many… Read More

July 16, 2023 @ 11:39 am By Omar Faridi  |  

Magnifi, the AI-powered co-pilot for sensible investors from TIFIN, has launched a new feature that allows its over 20,000 subscribers now get AI help to not only manage investments held within their Magnifi brokerage accounts but now also from assets held in external accounts. This… Read More

July 15, 2023 @ 10:34 am By Omar Faridi  |  

Public, a US-based multi-asset investing platform, launches in the United Kingdom, entering its first market outside the United States. With the firm’s UK expansion, Public aims “to be the preeminent place to invest in US-listed equities, offering over 5,000 stocks, deep data and insights, and… Read More

July 14, 2023 @ 9:07 am By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, which is being sued by US regulators for a wide range of issues, has committed $15 million into Xterio, a Web3 game platform and publisher bridging free-to-play and on-chain gaming with in-house and third-party games… Read More

July 13, 2023 @ 11:41 pm By Omar Faridi  |  

The Bank of London announces it has submitted its formal application for a European Union (EU) Banking Licence and “commits to €200M investment and hiring 300 people in Luxembourg over the next five years.” The formal application has been jointly “lodged with the European Central… Read More

July 12, 2023 @ 2:47 pm By Omar Faridi  |  

Solaris SE, Europe’s embedded finance platform, announced the EUR 38 million first close of its Series F round, led by existing investors. As previously stated, Solaris will “use the funds primarily to strengthen governance and compliance and lay the foundation for the company’s next phase… Read More