Asian Development Bank Launches ADB Ventures to Support Initiatives for Achieving UN’s Sustainable Development Goals by Omar Faridi

Automated Platform Astra Joins Visa’s US Fintech Fast Track Program

Astra, an automation platform, recently revealed that it had joined payments giant Visa’s US-based Fintech Fast Track Program. Astra has a mobile app that assists US customers in improving their cash flow and helps them save time using established rules that automatically transfer funds between… Read More

Blockchain: Paystand Books $20 Million in Series B Funding

Blockchain-based payments platform Paystand has raised $20 million in Series B funding according to a note from the firm. Investors include multiple big names like DNX Ventures, Battery Ventures, Epic Ventures, Commerce Ventures, and Wildcat Ventures. Prior investors Leap Global Partners, BlueRun Ventures, all participated… Read More

European Central Bank Partners with Digital Innovation Platform Reply to Offer AI and Machine Learning Coding Marathon

The European Central Bank (ECB) has partnered with Reply, a platform focused on digital innovation, in order to offer a 48-hour coding marathon, which will focus on teaching participants how to apply the latest artificial intelligence (AI) and machine learning (ML) algorithms. The marathon is… Read More

Rabobank Spins Off Fintech Startup Sure Pay, as Company Prepares to Establish Operations in the UK

After successfully offering IBAN check-ups in the Netherlands, Rabobank has reportedly spun off Fintech startup SurePay as it gets ready to establish business operations in the United Kingdom, ahead of the launch of the newly developed Confirmation of Payee rules. SurePay presently offers Confirmation of… Read More

Kiva Teams Up With Ocrolus to Launch Funding Initiative For Global Micro-Lending Program

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Ocrolus, a fintech infrastructure company that transforms documents into actionable data, announced on Thursday it has launched a new lending program through a partnership with Kiva, a crowdfunding platform dedicated to connecting people through lending. Ocrolus reported that with the Kiva program it is working… Read More

Funding Circle Offering Support to Business Loan Transparency Law in California

Marketplace lending company Funding Circle (LSE: FCH) is reportedly supporting a U.S. business loan transparency law. According to P2PFinanceNews, the online lender is backing the California introduced law, which will require certain data to be disclosed in commercial credit agreements much like consumer loans. Head… Read More

UK Fintech Rimilia Raises $15 Million Through Latest Investment Round

Rimilia, a UK-based SaaS fintech, announced earlier this week it raised $15 million through its latest investment round, which saw participation from Eight Roads Ventures and Kennet Partners, and Silicon Valley Bank. The company, which was founded in 2008, revealed it provides intelligent, finance automation… Read More

Intercontinental Exchange to Acquire Loyalty Program Provider Bridge2 Solutions

The Intercontinental Exchange (ICE), owner of the New York Stock Exchange (NYSE) and newly launched digital asset trading desk Bakkt, will be acquiring loyalty program provider Bridge2 Solutions, the firm confirmed on February 5. After the deal has been finalized (the terms of which have… Read More

U.S. Fintech Startup Zero Secures $100 Million Credit Facility From Neuberger Berman

Zero, a U.S. fintech startup, announced on Wednesday it secured a $100 million revolving line of credit facility from a fund managed by the investment manager, Neuberger Berman. Founded in 2016, Zero claims to be the first modern banking experience to combine the simplicity of… Read More

Ripple Partners with Nasdaq-Listed Remittance Firm International Money Express (Intermex)

Ripple, a San Francisco-based Fintech firm,  has confirmed its new partnership with International Money Express (Intermex), a Nasdaq-listed remittance company. Intermex will reportedly be using Ripple’s On-Demand Liquidity (ODL) solution, which uses XRP, the world’s third-largest digital asset by market cap, to conduct cross-border transactions…. Read More

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