Tagged: luxembourg

July 25, 2021 @ 11:44 am By Omar Faridi  |  

Azimut Group, with Azimut Investments S.A., is reportedly the first asset management firm based in Luxembourg to acquire authorization to manage digital assets strategies. With this further evidence of the Group’s innovation capabilities, Azimut confirmed that it will be introducing the AZ RAIF Digital Asset… Read More

July 16, 2021 @ 8:06 am By Omar Faridi  |  

Spendwisor, a US-headquartered mobile payment app with business offices and service locations in Qatar and the United Kingdom, has confirmed a QAR 190 million ($50 million) investment commitment from GEM Global Yield, a $3.4 billion Luxembourg-headquartered private alternative investment group. The company plans to use… Read More

June 11, 2021 @ 12:57 pm By Omar Faridi  |  

Luxembourg-based Fintech Finologee has reportedly created a hosted system that offers API end-points in order to automate payments and support secure web interfaces which improve workflows and data visualization while establishing a direct connection to the SWIFT network. The product’s development has been supported by… Read More

May 26, 2021 @ 12:11 pm By JD Alois  |  

Digital asset firm Tokeny Solutions has partnered with Monerium to boost the accessibility of digital securities by enabling a digital euro to secondary transfers, according to a note from the company. Monerium is a regulated Electronic Money Institution (EMI) licensed to operate in the European… Read More

May 6, 2021 @ 8:37 am By Omar Faridi  |  

Banking Circle, the payments specialist, has revealed that there’s been a significant “uplift in payments flow” and clients just a year after it launched its Banking License. At the end of February 2020, Banking Circle was awarded a Banking License from the Commission de Surveillance… Read More

April 21, 2021 @ 8:27 am By Omar Faridi  |  

UK-based 3s.money, a startup that assists corporates with accepting and managing their bank transfers in foreign markets, has reached a £40 million valuation following a £3 million Series B round that was led by TMT Investments. As stated on 3s.money’s website: “3S Money is a… Read More

April 20, 2021 @ 7:52 am By JD Alois  |  

Tokeny Solutions, a tech platform for issuers to tokenize assets, has partnered with Polygon to further streamline the process of tokenizing compliant securities. According to a note from the company, the partnership will allow asset issuers to create security tokens in a cost-effective and scalable… Read More

February 21, 2021 @ 9:38 pm By Samantha Hurst  |  

  UFODRIVE, a Luxembourg-based car rental company, is set to close its equity crowdfunding campaign on Seedrs with more than £1.88 million raised from nearly 850 Seedrs investors. The company launched the funding round in December, originally seeking £1.5 million.  As previously reported, UFODRIVE was founded in 2018… Read More

February 3, 2021 @ 11:50 am By JD Alois  |  

Last month, the Luxembourg parliament approved legislation that enables securities to be issued and managed using distributed ledger technology or blockchain. According to CMS Luxembourg the law: Modernizes the Luxembourg law of 6 April 2013 on dematerialized securities (the “2013 Law”) by inserting a definition… Read More

January 10, 2021 @ 10:49 pm By Samantha Hurst  |  

  UFODRIVE, a Luxembourg-based car rental company, is now seeking £1.5 million through its equity crowdfunding campaign on Seedrs. Founded in 2018, UFODRIVE claims to be the world’s fastest and easiest car rental experience, using a 100% electric fleet. “Leading the electric revolution, UFODRIVE now… Read More

January 10, 2021 @ 10:20 pm By Omar Faridi  |  

Banking Circle, a financial infrastructure developer, reveals that one of the most notable observations from last year was the resilience that so many businesses had shown during the unprecedented socioeconomic uncertainty created by the COVID-19 pandemic. The Banking Circle team has stated that they consider… Read More

December 17, 2020 @ 7:57 am By Omar Faridi  |  

The Luxembourg House of Financial Technology (LHoFT), an organization focused on driving innovation for financial services in Luxembourg by connecting the local and global Fintech industry participants, recently shared an update from Luc Falempin, the CEO at Tokeny Solutions, a company that aims to drive… Read More

December 2, 2020 @ 8:07 am By Samantha Hurst  |  

PingPong Payments, a payment service provider for e-commerce sellers, announced on Wednesday it has received its authorization as an Electronic Money Institution (EMI) by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg. Founded in 2015, PingPong stated that its mission of helping global… Read More

November 24, 2020 @ 5:00 am By JD Alois  |  

JoomPay Europe S.A., a Fintech developing a social finance app aimed to enable money transfers across Europe, has obtained a Luxembourg Electronic Money Institution (EMI) license. Upon receipt, JoomPay will be able to serve clients across the European Union. JoomPay believes that Europe lacks simple… Read More

November 22, 2020 @ 3:39 pm By Omar Faridi  |  

The Seoul Fintech Lab, which has been established by the Seoul Metropolitan Government in South Korea, aims to transform the city into one of the leading financial centers in the world. The Fintech Lab’s organizers may be working closely with companies in Luxembourg. There’s an… Read More

November 5, 2020 @ 4:02 pm By Samantha Hurst  |  

Luxembourg-based Nadifin Fintech Accelerator announced earlier this week its 2020 cohorts. According to Nadifin, more than 120 applications from all around the world were submitted and ten early-stage fintech companies were selected. Founded in 2019, the NadiFin Acceleration program is powered by MiddleGame Ventures and… Read More

October 31, 2020 @ 12:34 pm By Omar Faridi  |  

Tokeny Solutions, a digital asset platform facilitating primary issuance and management of security tokens, notes that they’ve planned many activities this week to celebrate the third year since their launch. The digital asset platform writes in a blog post that Tokeny Solutions was officially launched… Read More

October 23, 2020 @ 8:01 am By Samantha Hurst  |  

Bitstamp, a Luxembourg based cryptocurrency exchange, announced on Thursday it has appointed Julian Sawyer as its new CEO. Sawyer will take over the position from Bitstamp’s Founder, Nejc Kodrič, who will notably remain a “integral” part of the crypto exchange and has transitioned to a… Read More

October 5, 2020 @ 10:17 am By JD Alois  |  

WeInvest Capital Partners, a firm specializing in private equity real estate, real estate asset management and private equity, has selected Tokeny Solutions to tokenize the first real estate fund in Luxembourg. According to a note from Tokeny, WeInvest will use Tokeny’s tokenization services to provide… Read More

September 16, 2020 @ 7:35 am By Omar Faridi  |  

Luxembourg based Fintech firm LUXHUB has partnered with Zürich-headquartered Swiss Infrastructure and Exchange (SIX) Group AG, the operator of Switzerland’s stock exchange. According to a release, the SIX Group will be using LUXHUB’s Open Banking technology. As mentioned in the announcement: “SIX continues to invest… Read More