Tagged: digital finance

March 26, 2024 @ 6:32 pm By Omar Faridi  |  

Betterment, the largest independent digital financial advisor, announced that Betterment for Advisors, its RIA custody division, is adding thousands of mutual funds to its custom portfolio construction menu for the first time. This launch coincides with the 100th anniversary of the mutual fund and provides… Read More

December 10, 2023 @ 4:44 pm By Michael Wong  |  

The Monetary Authority of Singapore (MAS) has announced a series of new initiatives in digital finance and capital markets, aimed at strengthening financial cooperation with China. These initiatives were unveiled at the 19th Joint Council for Bilateral Cooperation (JCBC) in Tianjin, co-chaired by Singapore Deputy… Read More

November 5, 2023 @ 2:38 pm By Omar Faridi  |  

Adyen (AMS: ADYEN), the global financial technology platform of choice for leading businesses, is pleased to announce its Pay-by-Bank services in North America will launch in early 2024 in partnership with Plaid, the digital finance innovator that makes it easy, safe and reliable for people… Read More

October 30, 2023 @ 6:11 am By Michael Wong  |  

YouTrip, a multi-currency digital payments platform in Southeast Asia, has successfully secured $50 million in its latest Series B fundraising round, according to an announcement. This round was led by Lightspeed, a global venture capital firm and a new investor in YouTrip, propelling the company’s… Read More

September 26, 2023 @ 9:23 pm By Michael Wong  |  

Funding Societies, also known as Modalku, Southeast Asia’s largest unified SME digital finance platform, has successfully secured $27 million in debt funding, led by private credit financier AlteriQ Global. Multi-family office Aument Capital Partners (ACP) and sustainability-focused fund Orange Bloom also contributed to this funding… Read More

June 28, 2023 @ 3:23 pm By Omar Faridi  |  

Dock, an innovator in payments and digital finance infrastructure across Latin America, announced the launch of Responsible Credit Solutions on its proprietary Dock One platform. These solutions enable businesses “to offer an array of flexible, customizable credit and loan products to their customers in a… Read More

May 28, 2023 @ 8:08 pm By Omar Faridi  |  

IntellectEU, an innovator in digital finance and emerging technologies, is now an Amazon Web Services (AWS) services delivery partner. IntellectEU will “support migration of Swift infrastructure to AWS cloud and provide integration and deployment of API channels, along with ISO 20022 advisory services.” Sigrid Wiley,… Read More

May 7, 2023 @ 4:20 pm By Omar Faridi  |  

Nu México, a digital finance company, announces the launch of Cuenta Nu to the entire Mexican market, starting May 4, 2023. Cuenta Nu reportedly “offers its clients 24/7 liquidity and one of the most competitive yield rates on the market, 9% per year, without the… Read More

December 27, 2022 @ 8:42 pm By Omar Faridi  |  

Akulaku, a banking and digital finance platform in Southeast Asia, announced a $200 million investment from Japanese bank Mitsubishi UFJ Financial Group (MUFG). The investment round “provides additional support for Akulaku’s projected growth as it advances towards its mission of providing banking services across Southeast… Read More

August 18, 2022 @ 11:52 am By Omar Faridi  |  

  We recently connected Mohammad Raafi Hossain, CEO & Co-Founder at Fasset, an international digital asset gateway. Fasset Technologies Limited recently partnered with Mastercard to expand financial services in Indonesia and create opportunities for underserved consumers The announcement follows Fasset’s $22 million Series A from… Read More

June 6, 2022 @ 8:53 am By Omar Faridi  |  

In its “first” major corporate milestone following its acquisition by MONEYME Ltd (ASX:MME), digital finance platform SocietyOne has launched transaction and savings accounts “powered by Westpac’s Banking-as-a-Service (BaaS).” SocietyOne is Westpac’s second partner “to launch products through its BaaS platform with two new additions to… Read More

December 14, 2021 @ 3:29 pm By Tony Zerucha  |  

Stere, a digital ecosystem catering to managing general agents and insurance companies, this week announced the closure of its seed funding round. The $2 million round is led by Fin VC, with participation from Plug and Play Ventures, Sandalphon Capital and Hartford Investment Management Company…. Read More

August 14, 2021 @ 9:12 pm By Tony Zerucha  |  

Nigerian banking regulators have released new guidelines governing the services offered by the country’s mobile money operators (MMO). It is the first update in six years and is meant to address the sweeping changes seen since 2015. Ibrahim Moshood, an associate with Centurion Law Group,… Read More

August 12, 2021 @ 10:44 pm By Tony Zerucha  |  

SEBA Bank, a FINMA-licensed Swiss Bank, this week added support for Aave (AAVE) and Chainlink (LINK) tokens. The two coins’ combined market cap is north of $12 billion.  With this integration, institutions can now actively manage these DeFi tokens across SEBA Bank’s full suite service offering,… Read More

August 10, 2021 @ 9:51 pm By Tony Zerucha  |  

Traditional financial managers for the mass affluent better keep up with the times or they’ll risk losing those commissions, research from GlobalData suggests. Digital finance has developed a range of solutions for people from all wealth categories, including those at the top. Those services offer… Read More

August 3, 2021 @ 4:00 pm By Tony Zerucha  |  

Microbusiness owners are hurt by the delay in receiving payments, results of a survey by small business money management solution Wave suggest. The company surveyed more than 1,000 owners of companies with fewer than 10 employees. One in four respondents have waited more than a… Read More

July 28, 2021 @ 1:24 pm By Tony Zerucha  |  

Digital insurance startup Spot has raised $17.5 million in funding, including $15 million in equity and $2.5 million in debt. The round was led by GreatPoint Ventures, with participation from Montage Ventures, Mutual of Omaha, MS&AD, and Silverton Partners. Mike McCormick, principal at GreatPoint Ventures,… Read More

January 22, 2021 @ 3:43 pm By Omar Faridi  |  

Tal Elyashiv, Founder and Managing Partner at SPiCE VC, which claims to be the first fully compliant (regulation wise) tokenized venture capital fund, notes that today, we’re at the beginning of what might be the greatest transformational period in modern history. Elyashiv writes in an… Read More

September 15, 2020 @ 3:59 pm By Samantha Hurst  |  

MoneyLion, a U.S.-based consumer digital finance platform, announced on Tuesday the launch of its new thematic investment solutions. MoneyLion reported that through thematic investing, its members may now invest in portfolios that reflect their personal preferences and interests, which includes clean energy, artificial intelligence, and… Read More

May 20, 2020 @ 2:10 pm By Samantha Hurst  |  

Uphold, a U.S.-based digital finance platform, announced on Wednesday it has formed a partnership with Web Monetization provider Coil for Interledger connectivity. Uphold reported that Coil creators around the world may now select Uphold as their wallet provider and have payments sent directly to their… Read More