OakNorth appoints Adair Turner as chair as it mulls IPO
OakNorth, the digital lender backed by Softbank, has appointed former City watchdog head Lord Adair Turner to the role of chair as it...
OakNorth, the digital lender backed by Softbank, has appointed former City watchdog head Lord Adair Turner to the role of chair as it...
Surging downloads and use of its two-year-old digital banking apps are boosting the confidence of Indonesia's top lender Bank Mandiri, as...
Big banks lost out on billions in fees as direct lenders lured away corporate borrowers. The future of their leveraged lending businesses...
Safe, a smart wallet infrastructure company, partnered with digital asset banking company Sygnum Bank and CoinCover, a recovery service...
Vestwell, a savings and investment platform backed by Goldman Sachs Group Inc., has raised $125m in a new funding round as the startup...
Throughout the year, Ocrolus added over 100 new customers including small business, mortgage, consumer and auto lenders, as well as...
Investors are spending hundreds of millions of dollars on FTX bankruptcy claims, betting that the firm’s new leaders will recover the...
Regulators must use their legal authorities to guard against risks posed by the growing role of large technology firms in the financial...
Galaxy was chosen in August by administrators of [FTX] to sell, hedge and stake FTX's bitcoin and ether coins, as well as its holdings of...
Buy now, pay later provider Affirm has expanded its long-standing partnership with Walmart. With this expansion, Affirm...
TD Bank Group and Plaid today announced that they have entered into a North American data-access agreement that will enable TD customers...
Hundreds of banks use Fed’s new instant-payment service, but universal availability could remain a long way off. The Fed declined to...
Through Wednesday, the trading app received about $1.1b in account transfers since Oct. 23, when it began offering a 1% match on...
The Payment Systems Regulator (PSR) has published the interim report for its market review into cross-border interchange fees. It is now...
Two front-runners had been vying for SVB Capital: a duo of Anthony Scaramucci’s SkyBridge Capital and Atlas Merchant Capital, and San...
Danish fintech firm Pleo has appointed Soren Westh Lonning, a financial services executive with more than 20 years at companies such as...
Neither Microsoft nor OpenAI’s other backers — which include Thrive Capital and Sequoia Capital — own any conventional equity...
British regulators plan to reintroduce a cap on card fees imposed on transactions between the UK and EU, in a blow to the Visa and...
New York based SaaS platform that empowers waste services companies to manage their operations raised $10m in Series A funding.
"To make it worthwhile for waste-haulers to try a new digital financial platform, there must be immediate value provided and the software...…
Decentralized developer of non-custodial embeddable wallet tools raised $16.5m in Series A funding led by a16z.
The new features will assist wallet developers to "abstract away the complexities of crypto."
Kenya based e-commerce startup raised $20m in Series C funding led by Enza Capital.
"Our shift to focusing on the digital now coming from the fact that our customers have digitized so quickly means we needed to change how...…
France based procurement and spend management startup raised €20m in Series A funding led by Visionaries.
“Pivot offers a unique response to a problem we witness in any of our LPs companies – no matter if a digital scaleup or an industrial...…
India based digital lending platform to small companies raised $37m in Series F funding led by British International Investment.
“We believe there is immense potential in lending to underserved micro enterprises, and the fresh capital will provide a strong fillip to...…
Italy based software for businesses to integrate ESG frameworks raised €1.2m in pre-Seed funding led by SICI.
“Cents stems from a clear idea: connecting companies and brands with third sector NGOs, so as to empower people to be agents of positive...…
Saudi Arabia based debt crowdfunding marketplace raised $28m in Series B funding led by Sanabil Investments.
“Currently, and for the next two years, our primary focus is on the Saudi Arabian market, given its status as the largest market in the...…
London based crypto derivatives exchange raised $30m in new funding led by M&G Investments.
“Before you bump into the wall it’s very hard to gauge, rather than trying to reassure people we know what we’re doing and can play it...…
New York based neobank for Latino immigrants raised $4.5m in funding led by Costanoa Ventures.
“Our mission is to bring back local banking to immigrants in the U.S.”
Japan based revenue-based financing platform completed a $5.5m in Series A funding led by Emellience Partners.
In the context of the Japanese government's promotion of "New Capitalism", nurturing startups that address social issues and contribute...…
Distributed digital asset brokerage firm raised $10m in new funding led by Valor Capital Group.
“Our aim is to become the leading brokerage firm for digital assets, and we intend to achieve this by establishing a new standard that...…
France based B2B payments and lending company raised €15m in Series A funding led by 13books Capital.
“The truth is that innovation in B2B commerce payments has lagged far behind the B2C space. We want to modernise wide-ranging aspects of...…
Distributed developer of a shared sequencer L1 built on an Avalanche Subnet raised $1.2m in pre-Seed funding led by Borderless Capital.
“NodeKit enables rollups to have seamless interoperability, which unlocks innovative rollup design, empowering on-chain applications to...…
Lisbon based financial well-being platform raised €2m in Seed funding led by Lince Capital.
“Today, it has become more important than ever for companies to offer benefits that truly promote the well-being of their employees, not...…
Nigeria based fashion and beauty e-commerce platform raised a $2.65m pre-seed round led by 4DX Ventures.
“In all, it was quite complex and complicated for the user. And so I saw that you had a problem with trust in the buying process."
New York based mortgage marketplace raised $3.5m in seed funding led by Zigg Capital.
“People just don’t know where to start, so they’re not accessing the help they should be getting.”
Singapore based multi-asset regulated commercial bank raised $5.2m in Seed funding led by 468 Capital.
“We have set out to address limitations of today’s financial system that lacks transparency, remains restricted to certain time-windows...…
New York based online real estate platform raised $6m in Series A funding led by Citi.
“It’s becoming much more of an adviser in an important transaction more akin to wealth management.”
San Francisco based developer of customer behavior models for banks raised $6m in new funding led by Lachy Groom.
“The core hypothesis we started with was: What does it take to build a personalization layer for banks across the world.”
New York based bitcoin and cashback rewards company raised $8m in Series B funding led by Bitkraft Ventures.
“We don’t take more money than we need to support our next phase of growth, and are very focused on operating efficiently and proving out...…
In their latest report, Next Big Shop unpacks the standout categories, brands, and trends that made a splash in the biggest shopping...
GoGo Pool launched the first version of Pandasia, a new platform to help subnets grow by airdropping to registered Avalanche Validators....
Uniswap X, a decentralized finance protocol, achieved a significant milestone with its trading volume surpassing $1 billion just four...
Endeavor Colombia announced this Wednesday that Simetrik, a “No-Code” tool for the automation of financial control, joined its network....
Cryptocurrency wallet Rainbow made waves this week with the launch of its new rewards initiative called “Rainbow Points.” On December...
Flutterwave, Africa's leading payments technology company, is excited to announce the appointment of several seasoned leaders from...
London based digital bank raised €15m in Series D funding led by Groupe BPCE.
"We are excited to continue our partnership with Meniga, which currently empowers the digital banking experience for our over 10 million...…
Mexico based bank and technology platform raised $40m in Series B funding led by Tribe Capital.
“Small businesses represent 90% of the world’s businesses; however, in Mexico, only 10.5% of those small businesses have access to total...…
Abu Dhabi based digital asset risk infrastructure company raised $48m in Series A funding led by Lightspeed Venture Partners.
“In blockchain and web3 — where security threats are prevalent — robust risk infrastructure becomes indispensable.”
Netherlands based wholesale procurement platform for retailers in the health and beauty sectors raised €80m in Series B funding led by...
India based B2B e-commerce company raised $340m in Series E funding led by M&G.
“The regional-operated design will not only get us closer to our customers, but also make our operations more agile and efficient.”
1,451 tech-enabled startups were founded by former employees of 248 European and Israeli unicorns.
"The European and Israeli tech ecosystem continues to be a powerhouse of innovation and ambition. Despite a difficult macroeconomic...…
Coinbase and its asset management arm teamed up to launch Project Diamond, a smart contract platform that allows institutions to trade...
Abu Dhabi is becoming a popular destination for crypto companies seeking eager investors and friendlier regulators, at a time when major...
Mondu and Mangopay have partnered to support B2B marketplace businesses across Europe by offering them a modular payments infrastructure...
African payments company Flutterwave has acquired 13 U.S. state money transmitter licenses this year, the company said in a Thursday...
Bank regulators reportedly are investigating a failed tech update at Dallas-based Comerica that resulted in errors on transactions for...
Regulators are probing Comerica after a botched technology upgrade left the bank’s wealth-management unit short millions of dollars.
"A general ledger account for wealth management was still "significantly overdrawn," managing director Brian Wolfe said in an email to...…
New York City based debt collection platform designed to make debt collection more fair and with less risk raised $12m in Series B...
London based AI tool designed to help organizations write bids, tenders, and proposals faster raised $39.5m in Series B funding led by...
This deal marks the first fully embedded virtual card experience that keeps customers immersed in Concur Invoice from registration...
Amazon is set to stop taking payments via PayPal-owned Venmo in the coming weeks. Both companies declined to comment on...
BNPL-driven spending in November grew 17% year-over-year to $8.3 billion, with a major boost from e-commerce sales to help boost the...
Société Générale is set to launch its own stablecoin called EUR CoinVertible, on Bitstamp, becoming the first big bank to offer digital...
As an industry first, Public, the digital investing platform, plans to sell fractions of certain Treasurys and corporate bonds to...
Jack Dorsey’s Block announced today that it is releasing its hardware Bitcoin wallet, Bitkey, in 95 countries. However, users can only...
By embedding a prequalification tool within ready-to-use marketing assets, Octane allows powersports dealers to drive consumer...
Africa based corporate card and spend management platform raised $2m in Seed funding led by Y Combinator.
“While still serving consumers, I did some research and found other players that were using Paystack as well, one of them being Divvy...…
Mumbai based rural fintech raised $5m in Seed funding led by Prime Venture Partners.
“The MSME sector in India has always been credit-starved, and yet remains one of the critical growth sectors in the country."
Colorado based zero-knowledge blockchain infrastructure platform raised $5m in Seed funding led by CoinFund.
“Zero-knowledge proofs are finding product market fit within the blockchain space in the form of blockchain scalability and...…
Australia based Bitcoin staking protocol raised $18m in Series A funding led by Polychain Capital and Hack VC.
"The aim of the project is 'to build a Bitcoin-secured decentralized world" by converting all 21 million BTC that will ultimately exist...…
Maine based i-buyer focused on affordable housing raised $22m in Series B funding led by Gutter Capital and Watchung Capital.
“We know what we can rent the homes for because the housing authority (or HUD) gives us that information. This means we can underwrite —...…
Washington based expense and travel software maker raised $30m in Series C funding led by Top Tier Capital Partners.
"We are confident that how a payments platform integrates with other software packages will not only become a top priority for customers...…
New York based wealth management platform raised $60m in new funding led by Iconiq Growth.
"401(k)'s can be very meaningful portions of people's overall portfolios and assets and it's really important to make the best decisions...…
Munich based digital wealth management platform raised €60m in new funding led by Balderton.
"Today, Scalable Capital, which started as a digital wealth management platform, now describes itself as a full-service brokerage. It has...…
Toronto based challenger bank raised C$86m in Series D funding led by Drive Capital.
“We are helping a lot of Canadians at a time when there’s real financial pressure for the majority of Canadians. We’ve kind of played in...…
Hong Kong based travel booking company raised $210m in Series F funding led by Bessemer Venture Partners.
“Asia is on an upward trend. There’s still so much market growth that will still be happening in Asia. It could see double the growth of...…
California based startup providing an embedded insurance platform for SMBs raised $6.75m in Series A funding led by Eos Venture...
The O'Reilly report on "Generative AI in the Enterprise" reveals its rapid adoption in businesses, primarily for programming, data...
The stablecoin marks the first time a regulated European bank has made a euro-pegged stablecoin available on a crypto exchange.
“Stablecoins bridge the gap between traditional fiat currencies and cryptocurrencies — offering the best of both worlds due to their...…
Musk has previously spoken about his plans to morph X into a payments platform, having earlier detailed his vision for the future of the...
Buy now pay later giant Klarna has selected Adyen as a global acquiring partner, responsible for collecting card-based payments from...
Kenya based e-commerce platform for SMBs raised $1.5m in Pre Seed funding led by Mercy Corps Ventures and Chui Ventures.
“There are ~44 million (M)SMEs in Africa, driving ~60% employment and ~38% of GDP on the continent. Yet, these businesses, ~60%+...…
Calgary based homeownership concierge platform raised C$3.5m in Seed funding led by ATB Private Equity and TELUS Ventures.
“Because we’re capital efficient, we can make it go a long way to continue improving how we provide our first-class customer experience...…
Mexico City based fintech company serving Latin America's trucking sector raised $3.5m in Seed funding led by Quona Capital.
"There is this gap and working capital challenge of having to wait an average of 60 days to get their money back after they invested in...…
Cayman Islands based DeFi platform for lending and borrowing raised $3.6m in Seed funding led by Offchain Labs.
“Curvance will give users of any blockchain an easy route to participate in Polygon DeFi, with the potential to make onboarding easier...…
New York based fintech fraud prevention startup raised $10m in Series A funding led by Flourish Ventures.
“We’ve really shifted our strategy. We found our niche within the fraud detection space, so there’s been a massive push up market for us....…
Singapore based insurtech raised $36m Series B funding led by Eurazeo.
"These solutions are tailored for platform companies and insurers, aiming to reduce operational risk exposure, generate new revenue...…
Jenny Johnson, the CEO of investment manager Franklin Templeton, said she holds BTC, ETH, and SUSHI in her portfolio.
"Johnson has spoken bullishly about the prospects of blockchain technology."
SocGen said tokenized bonds provide greater transparency and traceability, as well as speedier transactions and settlements.
"The bank will use the net proceeds of the bond sale to finance sustainable activities."
The exchange said it plans to use the license to offer e-money products in the UK.
“The UK continues to be a hugely important market for our industry."
The company said its initial public offering (IPO) was 33x oversubscribed.
"Shares of cryptocurrency miner Phoenix Group (PHX) rose 35% on their first day of trade."
Ether also rose past $2.2k for the first time in months.
“Bitcoin has been eager to jump higher."
Crypto trading on Robinhood is gaining steam again as the American brokerage revealed a volume surge of 75% month-over-month in November....
Congress has voted to pass a Senate joint resolution to overturn the Consumer Finance Protection Bureau’s (CFPB’s) small business data...
London based money management app raises €5m in new funding led by Eurobank.
“The digital trends are promising and there is a clear gap for an app like Plum to help Greek consumers with their money management. Many...…
Berlin based lending-as-a-service platform raised €15m in Series A funding led by Unicredit.
"Over the past 3 years, we have built a very scalable solution where we can reach SMEs through any kind of platform they use to conduct...…
UAE based supply chain and e-commerce enablement startup raised $5.9m in Seed funding led by VentureSouq.
“We started out with a vision to rebuild the technologies that are currently used, and will be used in the future for supply chain,...…
New York and Singapore based corporate banking API aggregator raised $8m in Seed funding led by Nyca Partners.
"Premium Banking APIs are transforming global payments and cash management operations, which have historically been supported through...…
New York based crypto data platform startup raised $9m in Seed funding led by Paradigm.
"The problem that we are solving is that blockchains are fundamentally a new type of database, but it's still far too difficult to work...…
The big prize for financiers is the tokenization of financial securities and funds. At the core of the idea is standardization. Time and...
The Bank of Korea rolled out details on its pilot program for its retail central bank digital currency (CBDC), stating that 100k selected...
The boss of Robinhood hailed efforts by the UK government to encourage more people to invest as the trading app unveiled its long-awaited...
Alternative investment platform Yieldstreet announced that it has agreed to acquire Cadre, an online real-estate investment platform....
Carbon trading is making large-scale projects that cultivate native vegetation economically viable. Sales of credits for forest...
The FT discusses the evolving role of AI in investment research. It highlights risks of overreliance on AI, parallels with past financial...
President-elect Javier Milei has ambitious plans to reform monetary policy and potentially close the Argentine Central Bank.
"His presidency could pave the way for greater acceptance and integration of cryptocurrencies in Argentina's economy, offering a...…
Chinese families are sending money overseas, a sign of worry about the country’s economic and political future. But a cheaper currency is...
Octane, the fintech revolutionizing the buying experience for major recreational purchases, announced a groundbreaking new enhancement to...
Colorado based AI-powered forensic accounting company raised $8.5m in Series A funding led by Silverton Partners.
"Forensic accountants and attorneys require certainty in their investigations, which is why it may take months or even years to uncover...…
Italy’s competition watchdog has ordered Intesa Sanpaolo, the country’s largest bank, to stop migrating customers to its new online...
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