How the coronavirus will affect different segments of the FinTech industry
As COVID-19 rages on across the world, the affects on the FinTech segment of the economy is already letting itself be known.
FinTech unicorns and startups to face a coronavirus-created “vicious cycle” that could slash their...
The global COVID-19 outbreak could worsen business and funding conditions as well as changing private FinTechs’ exit options, according to a new report.
Investment solution iCapital Network raises $146m in funding round
iCapital Network, which is helping boost connectivity in the alternative investing market, has raised $146m in its new funding round.
Vivriti Capital reportedly nets $50m in its Series B round
Vivriti Capital, a digital marketplace which connects investors and companies, has bagged $50m in its Series B round, coming less than a year since its former round.
Ebury pushes further into the Portuguese market through Crédito Agrícola deal
London-based foreign exchange FinTech Ebury has signed a partnership with Portuguese bank Crédito Agrícola.
Viva Republica has been granted preliminary licence to operate as mobile brokerage
South Korean peer-to-peer money transfer company Viva Republica is one step closer to becoming the nation’s second FinTech company allowed to operate a platform-based brokerage service.
Robinhood suffers second outage one week after first massive blackout
Last week Robinhood faced outrage from its users after they had been unable to tap into their accounts on one of the busiest trading days this year. Now it has happened again.
AlphaPoint collects $5.6m in funding round
AlphaPoint, a platform helping organisations tokenize assets and build marketplaces, has collected $5.6m in funding.
Experts say Robinhood class-action lawsuit unlikely after service outage
Robinhood, the commission-free stock-trading app, suffered a service outage earlier this week that left customers furious. However, experts believe users’ threats to take legal action will be difficult to follow up.
Robinhood users furious over “not acceptable” service outage despite founders’ apology
Robinhood’s founders have apologised for its users being unable to tap into their accounts. But angry users snapped back that it's too little, too late to say sorry.
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FundRock taps Zeidler’s due diligence services
FundRock, a UCITS management company and alternative investment fund manager, has chosen Zeidler to improve its conduct due diligence.
The UK’s FCA outlines priorities for the next year
The UK’s Financial Conduct Authority (FCA) has outlined its business priorities for the year ahead and has put a focus on challenges presented by the coronavirus crisis.
E-commerce fraud to exceed $25bn by 2024
E-commerce merchant losses caused by online payment fraud will exceed $25bn in 2024, a significant jump from the $17bn expected to occur in 2020, according to a study from Juniper Research.
Airbnb raises $1bn to tackle the coronavirus crisis
PropTech giant Airbnb has raised $1bn as it is dealing with a massive drop in business after COVID-19 caused huge disruptions in the travel industry.
BukuWarung said to close seed funding to help it grow its market presence
Indonesia bookkeeping app BukuWarung has reportedly closed a seed funding round which was led by East Ventures.