Tagged: startups

February 27, 2021 @ 2:55 pm By Omar Faridi  |  

Silicon Valley-based Fintech Unicorn Brex recently explained how selling wholesale can help your business expand its operations. Brex notes that many digital commerce business owners start out quite small: an online shop or retail location, a “handful of new products” and perhaps a couple of… Read More

February 21, 2021 @ 11:00 pm By Omar Faridi  |  

The total value of venture capital secured by UK-based firms surged to the highest level in Q4 2020 according to estimates from Refinitiv Deals Intelligence. UK firms secured £2.4 billion in capital from 137 different deals during the last three months of 2020, which is… Read More

February 21, 2021 @ 9:48 pm By Omar Faridi  |  

San Francisco-based Carta, a firm that helps private and public companies, investors, and employees manage equity and ownership, has published its private markets report for Q4 2020. Carta’s report, which was posted on February 17, 2021, notes that venture capital managed to close out 2020… Read More

February 21, 2021 @ 9:40 pm By Omar Faridi  |  

The current Bitcoin (BTC) bull market has been fueling another major boom in blockchain or distributed ledger tech (DLT) startup deals. Coinbase Ventures had launched back in 2018, which was during the extended cryptocurrency bear market that lasted from early January of that year to… Read More

February 11, 2021 @ 9:40 pm By Omar Faridi  |  

Arshad Mehmood Bhatti, Director, Exchange Policy Department at the State Bank of Pakistan (SBP), the nation’s central bank, has noted that the SBP has updated its Foreign Exchange Manual in order to facilitate local startups and Fintech firms in the country. The manual was also… Read More

February 10, 2021 @ 11:45 pm By Omar Faridi  |  

SCB 10X, a subsidiary of Thailand’s Siam Commercial Bank or SCB (BKK: SCB), has launched a $50 million VC fund that will make strategic investments in early and growth stage startups globally. SCB is looking for initiatives that are focused on blockchain, decentralized finance (DeFi),… Read More

February 7, 2021 @ 7:36 pm By Omar Faridi  |  

Saudi Arabia’s venture capital funds are increasingly looking to tap into Fintech, digital commerce, and healthcare segments this year. VC activity has increased considerably in the MENA region including Saudi Arabia during the past few years, with local startups recording a 55% year-over-year growth in… Read More

February 4, 2021 @ 12:10 pm By Omar Faridi  |  

Switzerland is currently home to around 130 startups that are actively applying blockchain or distributed ledger tech (DLT) to improve processes in the finance sector, according to new data from Swisscom. The majority of these firms (48%) offer services related to banking infrastructure, with many… Read More

January 30, 2021 @ 5:25 pm By Omar Faridi  |  

The European venture capital markets managed to perform reasonably well last year, even though there was a significant slowdown in funding or financing following the COVID-19 outbreak (during Q1 2020 and also leading into Q2 2020), Crunchbase data confirms. Funding provided to European startups during… Read More

January 27, 2021 @ 7:46 am By Omar Faridi  |  

Banco Sabadell (BME:SAB), a Spanish multinational financial services company headquartered in Alicante and Barcelona, Spain, has reportedly invested €2.5 million in Nomo, an inhouse incubated initiative that spun out from the banking institution. The startup offers various business management tools for SMEs and sole traders…. Read More

January 26, 2021 @ 6:41 pm By Omar Faridi  |  

Republic, a leading securities crowdfunding platform and investment ecosystem has announced that it’s “thrilled” to be teaming up with the Global Silicon Valley Team, which invests in the “stars of tomorrow,” in order to facilitate the Entrepreneurs of Color Affinity Group on Tuesdays at 9… Read More

January 7, 2021 @ 10:57 pm By Omar Faridi  |  

India’s B2B digital commerce platform Udaan has secured $280 million in funding via its extended Series D investment round from new and existing investors. Octahedron Capital and Moonstone Capital are listed as new investors. They’ve joined Udaan’s existing backers which reportedly includes Altimeter, DST Global,… Read More

January 6, 2021 @ 10:01 pm By Omar Faridi  |  

Singapore’s fast-growing 1,000+ Fintech sector includes a thriving Wealthtech segment which is on track to continue growing and maturing. It’s being supported by an increased interest from local investors, strategic acquisition deals, and the growing demand for automated financial advisory services (or Robo-advisors). Many younger… Read More

December 27, 2020 @ 11:08 pm By Omar Faridi  |  

Swisscom has published the latest Swiss Fintech Startup Map for December 2020. The new map features three new Switzerland-based startups for the month. The map offers regular updates on the Swiss Fintech sector. It’s now displaying a total of 376 Swiss Fintech companies. For the… Read More

December 15, 2020 @ 9:04 am By Samantha Hurst  |  

  Switzerland based Fintech Incubator & Accelerator F10 announced on Tuesday the launch of its new investment unit, F10 Investment AG. According to F10, the unit’s founding investors are F10 FinTech Incubator & Accelerator and the F10 Corporate Partners SIX Group as well as the… Read More

December 11, 2020 @ 3:21 pm By Omar Faridi  |  

An embedded Fintech is a non-financial firm providing its own financial technology products and services that aim to complement its existing business model, according to Christine Loredo, VP Fintech Evangelism and Innovation Programs at Yodlee. Loredo explains that embedded Fintech services allow big tech firms… Read More

December 7, 2020 @ 7:29 am By Omar Faridi  |  

  The steady growth of the global Fintech economy and Israel’s role as a key player in this nascent sector has become more prominent during the past few years. Israel’s Fintech industry is evolving into a leading hub for companies throughout the world. Fintech covers… Read More

December 2, 2020 @ 10:17 pm By Omar Faridi  |  

Adam Nash, the former CEO at Wealthfront, a software-based financial advisor, is in the process of launching a new Fintech firm that has acquired an investment from Ribbit Capital, a few angel investors, and Nash’s friends as well. Other investors that took part in the… Read More

November 28, 2020 @ 1:54 pm By Omar Faridi  |  

OwnHome, the recent winner of Xccelerate2020, the startup competition that’s managed by the Commonwealth Bank of Australia’s Fintech incubation division X15ventures, has reportedly received $150,000 in capital after grabbing the number one spot in the contest. Over 80 different startups had applied to take part… Read More

November 2, 2020 @ 6:01 pm By Omar Faridi  |  

Allens is reportedly seeking applications for its legal accelerator program, called Auctus, which was introduced on November 2, 2020. The program is being offered through a partnership with Collective Campus, a corporate innovation consultancy, and startup accelerator. The Auctus Legal Accelerator program provides innovators and… Read More