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Canada Inks New Guidelines for Crypto Exchanges In the wake of the FTX scandal and the so-called “crypto winter,” the Canadian Securities Administration (CSA) has issued a set of new regulations for cryptocurrency exchanges. The new guidelines involve both commitments to investor protection as well as a registration mandate. The mandate requires “crypto asset trading Read more…
There are plenty of reasons why FinovateEurope 2023 next month will be one of the year’s biggest fintech events. With just over a week left to take advantage of early-bird savings on your FinovateEurope ticket, we thought we’d share a handful of our favorite reasons why we hope to see you in London, March 14 Read more…
A look at the companies demoing at FinovateEurope in London on March 14. Register today and save your spot. Little Blocks is a fintech platform for SMB manufacturers. It facilitates access to risk capital for machinery purchases by leveraging industrial IoT data and blockchain technology. Features Risk capital – repayments linked to machine usage Industrial Read more…
PhonePe raised $100 million in funding from Ribbit Capital, Tiger Global, and TVS Capital Funds, bringing its total funding to $2.2 billion. The investment values the company at $12 billion. PhonePe will use the funds to scale its existing payments and insurance businesses and to enter new financial services sub-sectors. Digital money app PhonePe just Read more…
Cross-border payments company Tazapay raised $16.9 million in Series A funding. The investment, which brings the company’s total funding to $21.9 million, was led by Sequoia Capital Southeast Asia. Tazapay processes “hundreds of millions” of dollars each year in card and local, real-time payment methods. Singapore-based cross-border payments company Tazapay closed $16.9 million in Series Read more…
Hong Kong and Shanghai Banking Corporation (HSBC) launched a new digital payments solution this week. The new offering, called HSBC Merchant Box, is designed to make it easier for SMEs to make international payments across regional and global e-commerce platforms using real-time exchange rates. HSBC Merchant Box will be available to selected HSBC commercial customers Read more…
In this week’s edition of Finovate Global, we take a look at a handful of developments in Estonia’s fintech industry. With a population of more than 1.3 million, Estonia has the Baltic Sea to the west, the Gulf of Finland to its north, Latvia on its southern border, and the Russian Federation on its eastern Read more…
This week on Finovate Global, we feature an extended conversation with Paga founder and CEO Tayo Oviosu. Serving more than 21 million unique users in Africa, Paga is a payments and financial services ecosystem that makes it easy for people to request, send, and receive money; pay bills; get remittances and more. Founded in 2009, Read more…
Earnix, an Israel-based company that provides insurers and banks with real-time, dynamic pricing and rating solutions, introduced a new Chief Executive Officer this week. Robin Gilthorpe will take over the top spot at the firm effective February 1st, replacing outgoing CEO Udi Ziv, who served as Earnix’s CEO for six years. “Today’s end-customer demands unparalleled Read more…
Denmark-based Subaio announced this week that it was teaming up with fellow Danish fintech – and fellow Finovate alum – Aiia. Subaio will leverage its partnership with Aiia to better assess creditworthiness for its new white label offering. The collaboration will streamline creditworthiness assessment through a combination of Aiia’s access to financial data and Subaio’s Read more…
China’s recent emergence from severe COVID lockdowns has caught the attention of investors, who sent shares of Chinese companies soaring in the final months of 2022. The momentum has continued into 2023 with many observers and analysts suggesting that, while China’s COVID-related woes may not be over, the country and its $17+ trillion economy may Read more…
This week’s edition of Finovate Global showcases some of the fintech founders and CEOs we’ve had the good fortune to interview this year. From embedded finance to the emerging data economy to the connection between open banking and serving the world’s un- and underbanked, fintech innovators in developing economies continue to deliver for both their Read more…