SwissBorg teams with OpenPayd to bolster financial service suite

Cryptocurrency platform SwissBorg has partnered with payments company OpenPayd to help the former embed a full suite of financial services into its user experience.

Crypto wallet Zumo launches virtual Visa debit card where users can pay by crypto

Edinburgh-based cryptocurrency wallet and payment platform Zumo launched a virtual card offering to enable users spend cryptocurrencies.

Huobi introduces VC subsidiary with $100m backing

Seychelles-based blockchain technology firm Huobi Group has launched a subsidiary aimed at growing its venture investment portfolio.

Block.one backs new cryptocurrency exchange subsidiary with $10bn influx

US blockchain software company Block.one has invested $10bn into its new cryptocurrency exchange subsidiary Bullish Global.

Revolut integrates crypto compliance firm Elliptic’s blockchain tools to trace transactions

UK-based digital banking service Revolut has partnered with blockchain firm Elliptic to support crypto withdrawals and guard against risk.

Babel Finance banks $40m to take on the global crypto market

Hong Kong-based crypto lender and asset manager Babel Finance secured $40m in funding from investors including Zoo Capital, Sequoia Capital China and Dragonfly Capital.

Bank of Israel opens consultation on potential digital shekel

The Bank of Israel has opened a public consultation on the potential issuance of a digital shekel.

Why Wealthsimple and CyberTech success stories stood out among the 25 FinTech rounds raised...

CyberTech ventures, Deadpool-backed enterprises, and InsurTech startups are among the big winners of the 25 FinTech funding rounds reported last week.

Crypto unicorn Bitpanda extends its Series B round with an additional €10m

Austria-based FinTech unicorn Bitpanda raised an additional €10m as an extension of its Series B round of funding after its €142.5m round earlier in March this year.

Nuvei bags crypto know-how with Simplex acquisition

Canadian payments company Nuvei has agreed a $250m deal to acquire Israeli FinTech enterprise Simplex.

News Stories

Santander UK and NatWest back RegTech Ideagen in £100m round

Regulatory and compliance software provider for regulated industries Ideagen secured £100m through a new committed credit facility of £75m, with a further uncommitted of up to £25m.

POS terminal transaction volume to exceed $17.3trn by 2026

The total value of transactions processed by POS terminals will grow by 28% to exceed $17.3trn by 2026.

HKMA underlines next steps in Open API Framework introduction

The Hong Kong Monetary Authority (HKMA) has revealed its implementation plan for the third and fourth phases of its Open API Framework.

Leading US banks to pilot low credit score credit scheme

Some of the biggest US banks have signed up for a government-supported pilot program aimed at using alternative data to provide credit for people with low or no credit score.

InsurTech Wrisk lands £4.6m in Series A funding to scale its insurance product

UK InsurTech Wrisk raised a £4.6m investment round led by QBN Capital and aims to build frictionless, mobile-first insurance experiences.

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