Tagged: progress report

November 14, 2023 @ 6:17 am By Omar Faridi  |  

In October, investors invested a total of €2.20M in agricultural projects through HeavyFinance. €1.75M was paid out to the farmers “with the capital spread across 48 different loans.” In total, €44.72M was “issued to the farmers until the end of October 2023.” The repayment volume… Read More

November 13, 2023 @ 8:14 am By Omar Faridi  |  

Marathon Digital Holdings, Inc. (NASDAQ: MARA), a firm focused on supporting and securing the Bitcoin ecosystem, reported its financial and operational results for the quarter ended September 30, 2023. The company says that it “recorded net income of $64.1 million, or $0.35 per diluted share,… Read More

November 7, 2023 @ 9:55 pm By Omar Faridi  |  

PeerBerry’s business partner – real estate developer SIB Group – has reportedly repaid investors a €200 000 loan (real estate project “Lini namai”) and paid €41,076 in interest to our investors. PeerBerry enters its seventh year of operations “with a record amount of funded loans… Read More

November 7, 2023 @ 9:43 am By Omar Faridi  |  

CBInsights has released the State of Venture in LatAm Report for Q3 2023. The comprehensive report from CBInsights includes data and analysis on dealmaking, funding, and exits by private market venture companies in Latin America. According to the update, there has been a 101% jump… Read More

November 7, 2023 @ 8:06 am By Omar Faridi  |  

The month of October has shown “promising” growth on Mintos. Total investments saw “a significant increase to €97 million, and interest earned by investors climbed to €4.2 million.” Mintos also mentioned that this upward trend “was primarily driven by stable investments,” as explained Peteris Mikelsons,… Read More

November 7, 2023 @ 7:20 am By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping service assistance provider, reported its latest financial results revealing “a net profit in Q3 2023.” Sebastian Siemiatkowski, CEO of Klarna said: “With a profitable quarter and continuous double digit growth, we have achieved exactly what we set… Read More

November 6, 2023 @ 9:59 am By Omar Faridi  |  

ESTO Holdings OU, an Estonian payment processor and consumer credit provider,  reported its financial results “for the three-quarters of 2023.” With revenue growth of 54% from a year ago, the company has “achieved a historic milestone by attaining a three consecutive quarter profit of EUR… Read More

November 3, 2023 @ 8:02 am By Omar Faridi  |  

Coinbase (NASDAQ:COIN) reports that Q3 was a strong quarter for the digital asset firm. In a letter addressed to Coinbase shareholders, the firm says that amid multi-year low levels of volatility, they are pleased with their financial results. Although the company has generated a net… Read More

October 31, 2023 @ 10:19 am By Omar Faridi  |  

James Butterfill from CoinShares notes that rising optimism has “prompted largest inflows for 1 & ½ years at $326 million.” The team at CoinShares notes in their weekly update that digital asset investment products reportedly “saw inflows of US$326m, the largest single week of inflows… Read More

October 17, 2023 @ 9:20 pm By Omar Faridi  |  

Revolut, the global financial superapp with more than 35 million customers worldwide, has revealed a significant expansion to its Financial Crime (FinCrime) headcount, doubling its size since 2021. Recognizing the critical role of human intelligence in fraud detection and prevention, alongside technology and AI, Revolut… Read More

October 17, 2023 @ 6:11 am By Omar Faridi  |  

On the heels of a solid year for Stash, the fintech announced the CFO and advisor Amy Butte as its independent audit chair. The company also announces “the infusion of $40 million led by funds and accounts advised by T. Rowe Price Investment Management, Inc.,… Read More

October 16, 2023 @ 11:03 pm By Omar Faridi  |  

PeerBerry’s business partner – real estate developer Lithome – repaid investors a EUR 320 000 (real estate project “City Stories”, funding of the first construction stage) loan and paid EUR 30,406 in interest. PeerBerry closed one more record month – in September, PeerBerry investors funded… Read More

October 16, 2023 @ 12:42 pm By Omar Faridi  |  

The month of September has shown “promising” growth on Mintos. Total investments via Mintos saw “a significant increase to €94.9 million, and interest earned by investors climbed to €4.1 million.” This upward trend was primarily “driven by the same trend we observed in August,” explained… Read More

October 15, 2023 @ 11:21 am By Omar Faridi  |  

The Saudi Central Bank (SAMA) issued its semi-annual performance report of the finance companies sector and real estate refinance for H1 2023. According to the report, most of the indicators in the finance companies sector “grew at varying rates in H1 2023.” The paid-up share… Read More

October 13, 2023 @ 4:46 pm By Omar Faridi  |  

The Financial Stability Board (FSB) published its annual progress report on climate-related disclosures. The report has been delivered to G20 Finance Ministers and Central Bank Governors for their 11-12 October 2023 meeting. The FSB welcomes the publication of the ISSB Standards, which will “serve as… Read More

October 11, 2023 @ 10:34 am By Omar Faridi  |  

As Klarpay moves past Q3 2023, they have reflected on their recent achievements and upcoming endeavors. Klarpay claims that it has been dedicated “to expanding its services and fostering corporate social responsibility.” Klarpay further claims that it has “become a participant in the SEPA Core… Read More

October 6, 2023 @ 3:21 pm By Omar Faridi  |  

Payments Canada released its annual Canadian Payment Methods and Trends 2023 report, which analyzes 20.5 billion payment transactions “made in 2022 totaling $11.7 trillion (more than $475 billion every business day) and highlights the trends shaping the Canadian payment landscape.” Year-over-year trends: Credit and debit… Read More

October 3, 2023 @ 11:44 pm By Omar Faridi  |  

Business confidence in the UK fell to 36% in September, “a five point dip from the 18-month high (41%) recorded in August, as companies saw a decline in both economic optimism and trading prospects for the year ahead.” This, according to an update shared by… Read More

October 3, 2023 @ 9:55 am By Omar Faridi  |  

UK insurtech, Ripe, achieved strong double-digit growth in 2022, maintaining its 15 year record of consistent revenue rises. Turnover climbed by £4 million to £27.2 million “in the 12 months ending 31 December 2022, compared with £23.3 million in 2021.” Over the course of the… Read More

September 27, 2023 @ 8:04 am By Omar Faridi  |  

August was a benchmark month for Estateguru, with a “record-breaking” €15.0M successfully repaid by borrowers. Estateguru also reports that it saw €10,0M in loans funded across all of their markets. August was a key month for Estateguru, with substantial repayments by platform borrowers. In addition… Read More