May 1, 2020 @ 8:30 am By Omar Faridi  |  

American Fintech Ripple’s On-Demand Liquidity (ODL) payments network has reportedly managed to triple its transaction volumes during Q1 2020. San Francisco-based Ripple’s XRP Markets Report confirms that the dollar value transacted using the company’s ODL service grew by over 294%, which may be a positive… Read More

May 1, 2020 @ 8:16 am By Samantha Hurst  |  

Lifetise, a UK-based financial planning platform, has successfully secured its initial £250,000 equity crowdfunding target on Seedrs. Founded in 2014, Lifetise stated it helps users plan how to afford their life goals. The company shared: “We make it really easy to work out how much… Read More

May 1, 2020 @ 2:08 am By Omar Faridi  |  

Tencent Holdings Ltd., a Chinese multinational conglomerate holding company whose subsidiaries offer various Internet-related products and services, has introduced a blockchain accelerator program. Tencent, which is among the world’s most valuable companies and also one of the largest VC firms and investment corporations, says it… Read More

May 1, 2020 @ 1:01 am By Omar Faridi  |  

Japan’s financial regulator, the Financial Services Agency (FSA), has certified two organizations as Certified Financial Instruments and Exchange Associations. As confirmed in an announcement made on April 30, 2020, the FSA has officially recognized the Japan STO (security token offering) Association and the Japan Virtual… Read More

April 30, 2020 @ 11:33 pm By Omar Faridi  |  

The National Institutional Facilitation Technologies (NIFT), the largest transactional clearing facilitator in Pakistan and Haball, a Fintech firm that provides various B2B services, have teamed up, in order to launch contextual payments for local companies. NIFT is a payment system operator and provider. It offers… Read More

April 30, 2020 @ 10:38 pm By Omar Faridi  |  

Mumbai-based Fintech firm NIRA, which provides small-ticket loans to low-income workers via its mobile-based app and website, recently revealed that it has secured $2.1 million in funding through its pre-series A investment round. NIRA’s funding round included contributions from new and existing angel investors based… Read More

April 30, 2020 @ 10:25 pm By JD Alois  |  

CoinList Trade has added another digital asset to its list of crypto available to trade. CoinList Trade is a crypto exchange that was announced last year but opened for trading a few weeks ago. If you are curious as to which virtual currency you can… Read More

April 30, 2020 @ 9:58 pm By Omar Faridi  |  

A recent analysis of the top 10,000 Ethereum (ETH) wallet addresses suggests that the world’s second-largest digital asset (by market cap and overall adoption) could potentially see its value increase significantly in the foreseeable future. This, as the blockchain network prepares to transition from proof-of-work… Read More

April 30, 2020 @ 9:56 pm By Omar Faridi  |  

WhatsApp Payments, an in-chat payment feature that lets customers perform transfers through the messaging app to anyone in their contact list, has not achieved mainstream adoption in India. The UPI-based payments service lets users send and receive funds. It has been created by the National… Read More

April 30, 2020 @ 8:56 pm By Omar Faridi  |  

Eftpos (electronic funds transfer at point of sale) Australia confirmed that it will begin running pilots of a mass-market digital identity service, which is reportedly backed by the nation’s leading banks and merchants. According to a document submitted to the Australian government’s Select Committee on… Read More

April 30, 2020 @ 7:00 pm By Omar Faridi  |  

US-based Stash, the developer of a micro-investment mobile app, has acquired $112 million in capital through a Series F funding round that was led by LendingTree. Several other companies took part in Stash’s latest round, including Breyer Capital, Goodwater Capital, Greenspring Associates, Union Square Ventures… Read More

April 30, 2020 @ 4:30 pm By JD Alois  |  

  The Paycheck Protection Program (PPP), part of the CARES Act, has emerged as an exceptionally popular policy program by the US government in its efforts to support a faltering economy. In brief, the PPP provides a loan for 2.5X times monthly payroll for struggling… Read More

April 30, 2020 @ 4:03 pm By Samantha Hurst  |  

Mambu, a German SaaS banking platform provider, announced on Thursday it has formed a partnership with Tide, a UK-based business banking platform to power Tide’s revolving credit facilities and overdrafts for SME’s. Mambu reported that through the partnership it will help Tide scale and focus… Read More

April 30, 2020 @ 3:15 pm By JD Alois  |  

Genesis Capital, an institutional digital asset lending platform, has published a report on Q1 performance. Genesis Capital is part of a group of companies that include Genesis Trading and Grayscale Investments. According to the report, Genesis Capital had a big month doubling originations to $2… Read More

April 30, 2020 @ 2:29 pm By Omar Faridi  |  

Bison Trails, a blockchain “infrastructure-as-a-service” company, recently confirmed that it has added support for Keep Network, which serves as a privacy protection layer for Ethereum (ETH). Keep Network aims to address the challenges involved with allowing private and secure data to be used on a… Read More

April 30, 2020 @ 2:20 pm By Samantha Hurst  |  

U.S. fintech Galileo Financial Technologies announced on Thursday it has received its Mastercard certification in Mexico and has formed a new partnership with Mexican fintech Klar. The announcements come just weeks after SoFi acquired Galileo for $1.2 billion in both cash and stock. Galileo also… Read More

April 30, 2020 @ 11:50 am By Samantha Hurst  |  

Flutterwave, an African fintech firm, announced this week the launch of its new e-commerce platform “Flutterwave Store.” The platform was created for African merchants to create digital shops to sell their products online. According to Flutterwave, the Flutterwave Store allows merchants to upload products, set… Read More

April 30, 2020 @ 11:23 am By JD Alois  |  

  We are hearing a lot of chatter about some online lending platforms halting originations and some real estate crowdfunding platforms pulling back. A report out of the DACH countries provides some European perspective. In the DACH countries, property investment has been a standout performer… Read More

April 30, 2020 @ 11:11 am By Samantha Hurst  |  

ClearScore, a UK credit checking service, announced on Thursday it has launched ClearScore Protect, a free anti-fraud dark web monitoring service. Along with the service, ClearScore released nationally representative research that reveals a third of adults in the UK have been victims of online fraud…. Read More

April 30, 2020 @ 10:08 am By JD Alois  |  

The Federal Reserve Board has announced it is expanding the scope and eligibility for the Main Street Lending Program. The Federal Reserve developed the Main Street Lending Program to help credit flow to SMEs that were in sound financial condition before the pandemic but have… Read More