Global

We find Fintech news from around the world and share it with you here.

10 High-Potential Fintech Firms Chosen for 11th Annual Fintech Innovation Lab New York

Ten high-potential technology firms have reportedly been chosen for 11th Annual Fintech Innovation Lab New York. As noted in the announcement (published on April 7, 2021), Fintech solutions aim to leverage AI and advanced data analytics to “address key industry challenges including sustainability.” As mentioned… Read More

Revolut Expands Crypto Offerings

Digital bank Revolut has added more names to the list of cryptocurrencies its users can purchase and trade. Last week, Revolut said it had Currency added Cardano, Uniswap, Synthetix, Yearn Finance, Uma, Bancor, Filecoin, Numeraire, Loopring, Orchid, and The Graph. Revolut already allows users to… Read More

P2P Bitcoin, Ethereum Exchange Paxful Denies there Was Data Leak, Confirms User Data and Funds Remain Safe

A recent post on Raidforums, a marketplace for purchasing and selling stolen data, has claimed that it has the personal details from millions of users on Paxful, a leading peer to peer Bitcoin (BTC) and Ethereum (ETH) exchange. However, Paxful‘s management stated that they’re false… Read More

Digital Wealth Management Platform StashAway to Offer Services to Hong Kong Consumers after Obtaining License from SFC

StashAway, a digital wealth management solution provider, recently revealed that it will be offering services to Hong Kong consumers. The firm’s management confirmed that it’s now licensed by the Securities and Futures Commission (SFC). StashAway is a digital investment platform that offers “intelligent” asset allocation… Read More

Mintos Explains how Mexico Is Different from European Lending Markets, Platform Plans to Onboard More Mexican Lenders

After carrying out its market overviews for developing Asian countries like Uzbekistan, P2P lending marketplace Mintos has now shared key insights about Mexico. The Mintos team has carefully examined the overall picture of Mexican markets, as well as covering how the nation and the local… Read More

Salesforce Dir of Strategy, Architecture Reveals he “Successfully” Tested Enterprise “Adoption Ideas” on Leading Blockchain Platform VeChainThor

The VeChain Foundation, which aims to support the development of VeChain, a leading blockchain platform, reports that their community’s vision “remains steadfast” which is focused on delivering the “mass adoption of public blockchain” while addressing key business challenges that may be “unworkable without this emerging,… Read More

There are “Signs” an Even “More Significant” Bitcoin, Ethereum, Crypto Market Move Is on Horizon: Report

After six months of double digit returns for Bitcoin (BTC) investors, some traders might be wondering whether this is the beginning of another 2017-type cryptocurrency market rally, the Kraken team writes in a blog post. The digital assets firm pointed out that Ethereum (ETH) and… Read More

Huobi Group’s Charity Division Commits $1 Million in Bitcoin (BTC) and Fiat Currency to UNICEF

Huobi Group, a leading blockchain firm, recently announced that its “philanthropic” division Huobi Charity Limited (regulated by the Charity Commissioners of Gibraltar – registration no. 324) is committing $1 million in Bitcoin (BTC) and fiat currency to UNICEF. The funds will be used to “help… Read More

Global Fintech Funding Remains Steady with Many Asian Fintechs Raising Massive Mega-Rounds: Report

Fintech funding has really picked up in 2021. It’s estimated to have already reached $15 billion during the first quarter, according to CB Insights data. In Asia, Fintech-related investments are on track to exceed $2.6 billion, which is notably the continent’s highest quarterly total since… Read More

Fintech Qudian Reports $109.4M in Q4 2020 Revenue, a 63.1% Decrease from Same Period Last Year, but Net Income Increased

Qudian Inc. (NYSE: QD), an established technology platform that aims to improve the online consumer finance experience for Chinese consumers, recently revealed its “unaudited” financial results for the quarter and full year that ended on December 31, 2020. As noted in a release by the… Read More

Fintech Unicorn Nubank’s Mexican Division Nu Mexico to Acquire $135M in Capital to Expand Operations in Latin America

The Mexico-based division of Fintech Unicorn Nubank, which is notably the largest standalone digital banking platform in the world, will be acquiring $135 million in capital in order to support its business operations in the Latin American (LatAm) region’s second-largest economy. As first reported by… Read More

OurCrowd Portfolio Company Innoviz Trades on Nasdaq in SPAC Deal

LiDAR firm and OurCrowd portfolio company Innoviz (NASDAQ:INVZ) traded on the Nasdaq this week as part of a SPAC deal that was revealed earlier this year. Innoviz became a publicly listed company through a business combination with Collective Growth Corporation in a transaction sponsored by… Read More

Crypto Exchange Bitstamp Appoints Former N26 and Barclays Executive as COO

Cryptocurrency exchange Bitstamp has hired Sameer Dubey as Chief Operating Officer. Dubey has previously worked at digital bank N26 and Barclays. Prior to N26, where he was heading Operations for the UK, Dubey spent over a decade at Barclays Bank focused on its Payments and… Read More

DeFi Wealth Management Platform YIELD App Reports Over 25,000 Users, Appr. $46M AUM

YIELD App, a decentralized finance (DeFi) wealth management platform, has revealed that they’ve seen “strong” growth during their first quarter of trading, with the total number of users reaching almost 26,000 as assets under management (AUM) surged to around $46 million “between week one and… Read More

Peer to Peer Trading Platform Zenotta Raises $10.7 Million in Seed Funding via Token Offering

Zug, Switzerland-based Zenotta AG, a peer-to-peer trading system and Smart Data Platform, has raised  CHF 10 million ($10.7M USD) through a token sale, in its first seed funding round, according to a company release. Zenotta says it wants to create a more “decentralized, democratic, and… Read More

Hong Kong Virtual Bank ZA Bank Offers Personal Loans For Just 1.99% APR

In a move to boost clients, ZA Bank has launched a personal loan with a fixed rate of 1.99% APR. Additionally, new users can get HKD 400 cash rewards upon successful application at the virtual bank. ZA Bank says the program is part of its… Read More

Mass Affluent Digital Bank Alpian Raises $18 Million

Alpian SA, a digital bank targeting the “mass affluent” has raised a Series B round of $18 million (CHF16.9 million). This latest funding round follows a Series A round in 2020 where Alpian raised CHF12.2 million. Alpian has been incubated by the Swiss banking group… Read More

Cardano Smart Contracts Update to Allow Blockchain Devs to Work with Auctions, Collectibles, Crowdfunding Use-Cases

Alonzo will be developing on Cardano’s (ADA) token upgrades in order to give application developers the tools needed for creating business applications. IOHK, which supports Cardano development, notes in a blog post that at the beginning of March 2021, they implemented Mary ‒ which is… Read More

UK based Mobile Banking Provider Atom Bank Secures £40M via Round led by BBVA, Toscafund Asset Mgmt

UK-based mobile banking platform Atom Bank has revealed that its £40 million raise is being led by Toscafund Asset Management LLP and BBVA. As the bank aims to reach profitability, the £40 million raise includes “an offer to participate for qualifying shareholders in new ‘A’… Read More

Send this to a friend