Tagged: progress report

May 2, 2022 @ 8:58 am By Omar Faridi  |  

Credas Technologies, which claims to be the “leading” anti-money laundering (AML) checks provider, has set “a new record in volume.” Its estate agency customers are now “carrying out an AML check every five seconds via its platform.” Credas’s customers reportedly “include Connells, Purplebricks, Strike, Minerva,… Read More

May 1, 2022 @ 10:51 pm By Omar Faridi  |  

After a “solid” first quarter of growth, DNA Payments, an independent vertically integrated payments provider, is pleased to confirm that it “achieved 100,000 card payment terminals and online points of sale in April.” This significant milestone for the Group comes after it “announced recent acquisitions… Read More

April 28, 2022 @ 10:38 pm By Omar Faridi  |  

The XYO Network (Coinbase: $XYO), which claims to be the “first” blockchain geospatial oracle network backed with cryptography, has reported “record” financial results for the full fiscal year “ending December 31, 2021.” Among its 2021 achievements, the company “doubled in revenue for the full fiscal… Read More

April 24, 2022 @ 5:03 pm By Omar Faridi  |  

C2FO, which claims to be the “largest” global platform for working capital, recently announced that it has “surpassed $200 billion in cumulative funding provided to its customers around the world.” As noted in an update shared with CI, this record funding amount “reflects invoices that… Read More

April 22, 2022 @ 9:47 am By Omar Faridi  |  

Neobank MyInvestor has reportedly reached €2 billion in volume, which “doubles the 1 billion euros registered in March 2021, consolidating its position as the largest Spanish fintech by volume.” Now serving more than 110,000 customers, MyInvestor also has “an investment balance (funds, plans and portfolios)… Read More

April 21, 2022 @ 8:24 am By Omar Faridi  |  

European lender Bondora notes that if you are looking to invest while you’re on the move, then they have an app just for that. The investment platform is introducing the Go & Grow app by Bondora. With the app, users have all they need at… Read More

April 19, 2022 @ 3:01 am By Omar Faridi  |  

PeerBerry’s business partner – real estate developer Lithome – successfully “closed the real estate project ‘Aurea Home’ in the center of Vilnius, the capital of Lithuania.” The real estate loan of EUR 1 million, “plus an interest rate of EUR 91 647 (total amount of… Read More

April 19, 2022 @ 2:07 am By Omar Faridi  |  

At the end of February, Debitum had introduced Asset-Backed Securities and by doing so, they reportedly became the first platform in all of Europe that has “managed to offer this kind of financial instrument to the retail market.” Therefore, the Debitum team will represent their… Read More

April 18, 2022 @ 7:52 am By Omar Faridi  |  

European lender Bondora notes that the collection and recovery efforts in March 2022 set new “record highs” for 2022. The cash collected increased by 61.6% from February 2022, “totaling €1,249,637.” And 77,471 missed payments “were recovered, which is the highest number in Bondora’s history:” The… Read More

April 18, 2022 @ 12:57 am By Omar Faridi  |  

BANXA Holdings Inc. (TSX-V: BNXA) (FSE: AC00), which claims to be the world’s first listed payment service provider and Regtech platform for the digital assets industry, recently announced its March 2022 TTV, “recording AUD $81 million (USD $60 million).” For the quarter ending March 31,… Read More

April 11, 2022 @ 8:15 am By Omar Faridi  |  

LendInvest PLC (LSE: LINV) noted on Friday (April 8, 2022) that platform assets under management (AUM) surged 36% on-year in fiscal 2022, and funds under management increased 18%. The non-bank mortgage lender also revealed that for the year ended March 31, 2022, funds under management… Read More

April 7, 2022 @ 9:50 pm By Omar Faridi  |  

HYPR, The Passwordless Company, has announced another solid year with steady growth across annual recurring revenue (ARR), customer acquisition, workforce expansion and “overall company investment following its Series C $35 million financing.” During its fiscal year ending February 2022, HYPR “doubled its ARR and grew… Read More

April 4, 2022 @ 10:42 am By Omar Faridi  |  

The team at PeerBerry notes that we have already seen and have already been there (when remembering all the panic during the first wave of Covid in March 2020). But on the other hand, “nothing compares with the current events,” the team at PeerBerry wrote… Read More

April 4, 2022 @ 10:19 am By Omar Faridi  |  

The team at Lithuania’s Debitum, a borderless financing platform, has shared omportant news about “war-affected assets” in Ukraine On March 30, 2022, Debitum had received “an official response letter and data from the borrower in Ukraine.” This data consists of the company’s “update on its… Read More

April 3, 2022 @ 10:30 pm By Omar Faridi  |  

Even though working hard is their motto, Bondora also loves celebrating “big” moments, “small wins,” and all the “good stuff in between.” In March 2022, Bondora had celebrated 14 years of launching operations. They thank their clients and everyone who has been part of their… Read More

April 3, 2022 @ 10:32 am By Omar Faridi  |  

European lender Mintos notes that previously, they had prepared an overview of the “broader” effects of the war in Ukraine, sanctions on Russia, and Russian “responding policies on the financial markets.” As noted in a blog post, Mintos is now sharing “an insight into how… Read More

April 1, 2022 @ 6:05 pm By Omar Faridi  |  

The Financial Stability Board (FSB) has released its work program for 2022. Priority areas of work and new initiatives, “including key deliverables to the G20 Indonesian Presidency,” are as follows: Supporting international cooperation and coordination on current financial stability issues. Against the backdrop of the… Read More

March 28, 2022 @ 10:34 pm By Omar Faridi  |  

Last year, Aventus Group companies operating in Kazakhstan “issued EUR 41.6 million in loans – 3.4 times more than in 2020.” At the end of 2021, Aventus Group’s total portfolio in Kazakhstan “amounted to EUR 14.2 million (the total portfolio grew 2.8 times compared with… Read More

March 28, 2022 @ 12:13 pm By Omar Faridi  |  

European lender Bondora recently celebrated its 14th year of launching operations. The team at Bondora has thanked all their customers who have chosen to work with them, supported them, and grown with them over all these years. The online lending platform’s management is also thankful… Read More

March 21, 2022 @ 8:04 am By Omar Faridi  |  

Lithuania’s borderless financing platform Debitum confirms that the ongoing war in Ukraine is affecting everyone. Debitum is “strongly against” the Russian aggression and they are supporting their partners and their employees based in Ukraine. For investors, “who purchased claim rights related to borrowers from Ukraine,… Read More