Thompson Reuters joins R3 Blockchain Consortium

Thompson Reuters is the latest company to join a consortium of institutions, headed up by New York fintech firm R3, dedicated to developing use cases for the blockchain technology in financial markets.

IBM Reportedly planning acquisition of point-of-sale business Revel

IBM is reportedly planning a re-entry into the point-of-sale (POS) space. According to Bloomberg the firm is in discussions to acquire iPad-based POS company Revel Systems.

Axial grabs U$14m to match private companies with investors and buyers

Axial, a New York-based online capital marketplace, has raised $14m in its Series C round. The company's platform is designed to match private companies...

Azimo integrates with Facebook Messenger

International money transfer startup Azimo in integrating its service into Facebook Messenger to allow senders and receivers to connect through the social network of 1.65bn users.

GoCardless and Recurly join forces

Recurring payments FinTech GoCardless has announced that it has signed a strategic partnership with Recurly, the platform powering subscription commerce. The deal will enable the...

Kasikornbank enters $50m partnership to support Grab’s FinTech expansion

Kasikornbank has made a $50m strategic investment in Thai ride-hailing business Grab, as it expands its reach on Southeast Asia’s FinTech market.

Square picks up struggling Yik Yak’s tech team for $3m

Payments company Square is taking struggling social app Yik Yak’s development team off its hands for $3m.

UK InsurTech startup Coverly shuts down

InsurTech platform Coverly is closing up shop and is no longer offering small business insurance.

San Francisco-based InsurTech Kover.ai closes $1.5m seed round

Kover.ai, a San Francisco-based insurance startup, has closed its seed round on $1.5m.

Bain Capital VC arm eyes FinTech space with $1bn fundraise

Bain Capital Ventures has raised $1bn for the close of a new fund focused on early- and growth-stage technology startups, taking its assets under...

News Stories

Microsoft underlines heightened concern from call centre ransomware scheme

Microsoft has claimed a ransomware campaign employing bogus call centers to trick victims into downloading malware may be more dangerous than previously thought.

Crypto banking platform Matrixport hits unicorn status

Matrixport, which claims to be one of Asia’s fastest growing digital asset platforms, has joined the unicorn club, after it closed a Series C round.

Flood insurance firm reThought Insurance bags Series A funding

reThought Insurance, a digital MGA aimed at the flood insurance market, has closed its Series A round on $15.5m.

India unveils new digital currency, Nigeria eyes e-currency launch in October 2021

India has introduced the e-RUPI, which is a cashless and contactless digital payment system to support the global shift towards digital payments.

Amazon slapped with record $887m fine for data privacy breach by EU agency

Amazon has been issued with a fine of $887m by a European privacy watchdog for breaching the bloc’s data protection laws.

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