Tagged: milestone

Stripe Reports Over $1 Trillion in Payments Volume

Stripe’s mission is to grow the GDP of the internet. The core idea behind the company—one they endeavor to take very seriously—is that we’re still early in the journey of software-driven innovation, and Stripe is “an applied exercise in thinking through some of the corollaries… Read More

Balance, Canada’s Digital Asset Custodian, Reportedly Surpasses $2B of Assets Under Custody

Balance, Canada’s digital asset custodian, is pleased to announce that it has once again surpassed $2B worth of assets under custody (AUC). Balance’s CEO, George Bordianu said: “Our focus since day one has been to build a world-class custodian for companies working with digital assets…. Read More

UK’s Allica Bank Reports Completing £2B of Business Lending

Allica Bank – the fintech challenger bank specifically focused on established businesses with over ten employees – has revealed it has completed more than £2 billion in lending to UK businesses, with 80% of that being to businesses outside of London. Allica bank, which made… Read More

XTransfer, the Cross-Border Trade Payment Platform, Announces Key Milestone in Partnership with Deutsche Bank

XTransfer, the B2B cross-border trade payment platform, announces a key milestone in its partnership with Deutsche Bank. Deutsche Bank has executed XTransfer’s first onshore Thai Baht (THB) trade in Thailand, “leveraging the latest version of the Bank of Thailand‘s Non-Resident Qualified Company (NRQC) rules.” Under… Read More

Wealthtech Firm Farther Reportedly Exceeds $2B in AUM

Farther, which claims to be among the nation’s leading technology-centric wealth management firms, announced recently its latest assets under management (AUM) of $2.2 billion, demonstrating a 4x year-over-year increase. Since its founding in 2019, Farther claims that it has “experienced record-breaking growth, fortifying its position… Read More

Pacaso, the Real Estate Marketplace, Reports $1 Billion+ in Cumulative Revenue for 2023

Pacaso, the technology-enabled real estate marketplace that helps people buy, co-own, and sell a luxury second home, announced significant milestones for the year 2023 with cumulative revenue in the Pacaso real estate portfolio surpassing $1 billion. In 2023, Pacaso claims that it has “grown its… Read More

Wealth Management Milestone: AuM Powered by BridgeFT WealthTech API Across Client Network Grew by Over 100% in 2023

BridgeFT, an API-first, cloud-native wealth infrastructure software company that enables financial institutions, Fintech innovators, and registered investment advisors to deliver better, data-driven outcomes for their clients, announced that the total assets under management powered by BridgeFT’s WealthTech API across its client network grew by “more… Read More

Hong Kong Exchanges and Clearing Limited (HKEX) Provides End of Year Update, Highlights Key Milestones

Hong Kong Exchanges and Clearing Limited (HKEX) claims that it has had a “busy” and “productive” 2023, marked by the achievement of several significant milestones and the launch of new initiatives. This included the opening of new offices “in New York and London, strategically positioning… Read More

Allica Bank, the Fintech Focused on Serving Established UK Firms, Reports 2,000 Business Current Account Clients

Allica Bank – the fintech challenger bank specifically focused on serving established businesses with 10-250 employees – now reportedly has 2,000 business current account customers after launching earlier this year. Compared to the millions of UK microbusinesses, the established SME segment that Allica is dedicated… Read More

European Insurtech Prima Seguros Shares Business Expansion Plans for 2024

Prima Seguros, an Insurtech that acts as an insurance agency specialized in the automotive sector, aims to “reach 100,000 active clients in 2024, more than doubling its premiums to 20 million euros.” This update comes after a successful first year of operations in the country,… Read More

Oxane Partners, a Solutions Provider for Private Markets, Reports Achieving Information Security Accreditations

Oxane Partners, a technology-driven solutions provider to private markets, announced that it has achieved global information security accreditations by successfully completing Systems and Organizations Control (SOC) audits and the International Organization for Standardization (ISO) 27001 certifications. These accreditations underscore Oxane’s commitment “to maintaining the highest… Read More

CME Group Reports “Highest-Ever” November Average Daily Volume of 28.3M Contracts

CME Group, which claims to be one of the world’s leading derivatives marketplaces, reported its November 2023 market statistics, “reaching an average daily volume (ADV) of 28.3 million contracts during the month, an increase of 21% over 2022 and the company’s highest-ever November ADV on… Read More

CME Group US Treasury Futures Open Interest Exceeds Record 21 Million Contracts

CME Group, which claims to be one of the world’s leading derivatives marketplaces,  announced that open interest in its deeply liquid U.S. Treasury futures “set a new record of 21,428,757 contracts on November 24.” This year, the notional value of open interest “in CME Group… Read More

Digital Asset Exchange Bybit Now Claims 20M Registered Users

Bybit, a globally-accessible cryptocurrency exchange, is pleased to announce a new milestone in its growth journey: surpassing 20 million registered users. According to the firm, this milestone underscores Bybit‘s position “at the forefront of the crypto industry, celebrating its 5th anniversary this December.” Since its… Read More

UK SME Payments Fintech Crezco Secures $12M, Reveals its Tech Is Enabling New Xero Feature

Crezco, a UK fintech company using open banking to make B2B invoice and bill payments as convenient as B2C card payments, has achieved several major business milestones through securing funding and integrating its technology into global small business platform Xero. Crezco has secured $12m in… Read More

Habyt and Rently Provide Deposit-Free, Flexible Living Solutions to Singapore, Hong Kong

Hong Kong City

Habyt, the flexible housing provider,  announced an exclusive partnership with Singapore-based startup, Rently, that marked a significant milestone in “the evolution of flexible living solutions.” For the first time in the co-living sector, Habyt has introduced “a disruptive rental model which allows new members freedom… Read More

Fintech MPOWER Surpasses $300M in Financing Capacity to Support International Students’ Education

MPOWER Financing, a mission-driven fintech firm and the leading provider of non-cosigned loans to promising students from around the world, recently announced that it has closed on debt financing that “has propelled the firm’s overall lending capacity to over $300 million.” Active funding includes commitments… Read More

Wealthfront Now Oversees $50B+ in Client Assets, On Track to Grow Revenue

Wealthfront, a consumer Fintech and pioneer of the robo-advisor industry, announces that the company now oversees more than $50 billion in assets for over 700,000 clients, largely young professionals across the United States. This year Wealthfront‘s team introduced new product lines, “leading to an increase… Read More

DTCC Introduces ALERT API Suite, Enabling Clients to Request, Receive SSI Data

DTCC, the post-trade market infrastructure for the global financial services industry, today announced that DTCC ALERT, the industry’s “largest” online global database for the maintenance and communication of account and standing settlement instructions (SSIs), has reached a key milestone “with over 15 million SSIs, including… Read More

Wealthtech Farther Reports Significant Increase in AuM

Farther, the technology-centric wealth management firm, announced assets under management (AUM) of $1.6 billion – further cementing the company’s steady growth in the industry. The announced AUM represents “nearly 2.4x the firm’s previously reported AUM, announced just six months ago in April 2023.” Farther officially… Read More

Send this to a friend