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

Private Capital Markets Present the “Greatest Opportunities” for Tokenized Digital Assets, According to Industry Professionals

Mike Kühnel, Partner, Frankfurt at Bain & Company, Thomas Olsen, Partner, New York at Bain & Company, John Fildes, Expert Partner, Sydney at Bain, and Karl Gridl, Senior Manager, Zurich at Bain, have all co-authored a brief, titled “For Digital Assets, Private Markets Offer the… Read More

Instant Payments via Bank of Lithuania’s CENTROlink Platform have Increased by 4x Year-over-Year, Overall Transactions Doubled

Bank of Lithuania, the nation’s central bank, has revealed that the number and value of payments completed via its platform, CENTROlink, had doubled last year, while instant payments surged by around four times (when compared to previous years). Keeping these developments in mind, Bank of… Read More

Swiss Innovation Agency Innosuisse to Introduce Funding Projects to Ensure Long-Term Sustainability of SMBs

Swiss Innovation agency Innosuisse will be introducing two funding projects in January 2021, which will be called the impulse program “Swiss Innovation Power” and the Flagship Initiative. In November of last year, the Federal Council in Switzerland had committed to launching the impulse program “Swiss… Read More

Remittance Payments Sent by US-based Mexican Workers to Relatives back Home have Reached Record Levels, following COVID Outbreak

Mexican workers now based in the United States have reportedly been sending record amounts of funds to friends or family members back home since 2020, which may suggest that the American economy has been fairly resilient despite the challenges created by the COVID-19 outbreak. As… Read More

DOJ: Cryptocurrency Exchange Owner Sentenced to Prison for Money Laundering

The US Department of Justice has announced that Rossen G. Iossifov, 53, formerly of Bulgaria, has been sentenced to 121 months in prison for money laundering via RG Coins, a cryptocurrency exchange headquartered in Sofia, Bulgaria. Under federal law, Iossifov must serve 85 percent of… Read More

Finnest, Part of the Invesdor Group, Says 2020 Was a Good Year for Crowd Investing

Finnest, part of the Invesdor Group, says 2020 was a good year in spight of the ongoing COVID-19 health crisis. Based in Austria, Finnest says some forms of financing were able to show their strengths during this period, including crowdinvesting from specialists in digital financing… Read More

Digital Lending Platform creditshelf Reports Double Digital Growth in 2020, Anticipates Solid 2021

creditshelf, a digital lending platform serving SMEs in Germany, says it has grown by “double-digits” in 2020 despite the ongoing COVID health crisis. While complete financials will be published at the end of March 2021, creditshelf has distributed certain highlights of 2020. Requested loans totaling… Read More

PEAC Bank to Offers Fixed-term Products via Raisin

PEAC Finance, a new bank, has partnered with Raisin’s German deposits platform WeltSparen to offer a savings marketplace. The Hamburg, Germany-based PEAC (or Pan-European Asset Company) Finance Group was granted a banking license by the German Federal Financial Supervisory Authority in December of 2020. The… Read More

OurCrowd Has Stellar 2020, Expects Solid 2021: A Discussion with OurCrowd CEO Jon Medved

OurCrowd is a leading venture marketplace where smaller (accredited) investors can participate in private securities offerings alongside really big investors. A recent example is where JumpCloud, an enterprise cloud service provider, raised $100 million in a Series E Round. OurCrowd’s name was alongside high profile… Read More

Rapyd Scores $300 Million Through Series D Funding Round Led By Coatue; Doubles Valuation to $2.5 Billion

  B2B fintech-as-a-service provider Rapyd announced on Wednesday it secured $300 million through its Series D financing round, which was led by Coatue with participation from Spark Capital, Avid Ventures, FJ Labs, Latitude, General Catalyst, Oak FT, Tiger Global, Target Global, Durable Capital, Tal Capital,… Read More

UK based Marketplace Lender Growth Street Says All its Platform Investors to Get their Money Back, as Company Winds Down Operations

UK-based marketplace lender Growth Street revealed on Tuesday (January 12, 2020) that all of its platform investors would be getting their funds back, as the company continues to wind down its operations (while still being solvent).  Kim Goetzke, COO at Growth Street, noted that returning… Read More

$130 Billion in Bitcoin (BTC) Is Now Permanently Inaccessible due to Lost Private Keys Associated with Crypto Wallets

Nathaniel Popper from the New York Times reports that of the (approximately) 18.5 million Bitcoin (BTC) in circulation, about 20% — valued at around $130 billion at the time of writing — seems to have been lost or isn’t accessible from the crypto wallets where… Read More

QR Code Payments Users Is Expected to Surpass 2.2 Billion within Next 5 Years: Report

A recent study released by Juniper Research has revealed that the total number of QR code payment users is expected to surpass 2.2 billion within 5 years, which is up significantly from 1.5 billion in 2020. This would be almost 30% of all mobile phone… Read More

zinsbaustein.de Appoints Björn Jüngerkes as Managing Director

Björn Jüngerkes has been appointed managing director at zinsbaustein.de according to a company release. In addition to the areas of legal and finance, Jüngerkes will focus on expanding the business model, including by integrating new product structures. This also includes the expansion of the cooperation with… Read More

Record Breaking Year for Crowdfunding as Offerings Top £332 Million led by Crowdcube-Seedrs Combo

Securities offerings via crowdfunding platforms in the UK had a gangbuster year, according to a report. In total, £332 million was raised led by the two dominant platforms – Crowdcube and Seedrs – that hoover up over 90% of the offerings. A report by the… Read More

Israel’s Fintech-Aviv and Bahrain Fintech Bay Partner Up on Financial Innovation

Bahrain Fintech Bay (BFB) and the Fintech Association of Israel –Fintech Aviv (FTA) have agreed to collaborate on the development of Fintech in the region. Earlier this year, diplomatic relations between the two countries were normalized ushering a new era of cross-border innovation and partnership…. Read More

Digital Financial Services from Chinese Banks are Generally Better than other APAC Countries, and Some European, North American Providers: Report

A recently published whitepaper from Massachusetts-based International Data Corporation (IDC) and Huawei examines how banking institutions across the globe have been dealing with the COVID-19 outbreak. The paper identifies or recommends the way forward in a post COVID world which is now considered the “new… Read More

Bitcoin, Ethereum and Other Digital Assets May Experience Price Correction due to Spike in US Dollar, Stablecoin Borrowing Rates: Report

The team at Blockchain.com, a leading crypto wallet provider, trading platform, and block explorer service, notes that 2020 was “arguably crypto’s best year yet.” Blockchain.com writes in a blog post that Bitcoin (BTC) investors have had an “extraordinary” holiday season, and the new year is… Read More

Binance has Been Offering Passive Income Generating Opportunities with Bitcoin, Ethereum, Other Cryptocurrencies

thought-catalog unsplash Bitcoin Ethereum Cryptocurrency

Binance, the world’s largest digital assets exchange, notes that when it comes to cryptocurrencies, most consumers think of bear and bull markets, “insane” or crazy stories about people who became extremely wealthy overnight or lost it all in a major scam or by getting involved… Read More

Digital Assets Firm Huobi Global to Natively Integrate Chainlink (LINK) into Huobi Eco-Chain as Recommended Oracle Solution

The team at Huobi Global, a leading digital asset firm, recently revealed that they’re proud to  confirm that Chainlink (LINK) will be “natively integrated” into Huobi ECO-Chain (Heco) as the “recommended” Oracle solution for all blockchain and smart contract apps launching on Huobi’s distributed ledger… Read More

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