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SME financing platform Crowdz has teamed up with London-based GoCardless. The partnership will enable Crowdz to leverage open banking to enhance its ability to provide small businesses with working capital. Headquartered in Campbell, California, and founded in 2015, Crowdz made its Finovate debut at FinovateEurope 2020 in Berlin. Small business financing platform Crowdz has partnered Read more…
Enthusiasm for cryptocurrencies has settled down from its peak a year ago. But innovation in the space continues undaunted. Today we learned that one of the pioneering companies in digital assets, Coinbase, has forged a strategic partnership with Google Cloud. The partnership calls for Coinbase to use Google Cloud as its strategic cloud provider for Read more…
The ESG (Environmental, Social, and Governance) movement may be drawing snickers from some corners of the investing world. But in places like Singapore, the drive to build a more sustainable, equitable, and accountable world for investors and users of financial services, is picking up steam. This week, the Monetary Authority of Singapore announced the launch Read more…
Crypto friendly banking platform Juno has raised $18 million. The Series A round was led by ParaFi Capital ‘s Growth Fund. The fundraising included a sizable number of investors including Greycroft, Antler Global, Hashed, Jump Crypto, Mithril, 6th Man Ventures, Abstract Ventures,, and Uncorrelated Fund. As part of the investment, Juno announced the launch of Read more…
Active in 15 countries in Latin America, payments infrastructure provider Geopagos has secured an investment of $35 million. The equity funding round was led by Riverwood Capital and featured participation from Endeavor Catalyst. The sum represents the company’s first institutional financing and will be used to fuel the development of new embedded payments solutions and Read more…
Having worked in the fintech industry for four years, Kristiane Mandraki has developed a passion for emerging technology and has seen ebbs and flows of success and failure in the industry. Mandraki is currently the Director of Business Development and Marketing at Praxent, a 22-year old fintech experience design and development firm that helps financial Read more…
Linqto has acquired Trustline, a platform that offers decentralized financial services. “We acquired Trustline for its advanced blockchain technology and IP including $200,000 worth of XRP grants issued from the XRPL Grants Program,” said Linqto Founder and CEO Bill Sarris. Linqto plans to leverage Trustline to continue developing its decentralized exchange for private market securities. Private investing firm Read more…
Thoma Bravo is acquiring Ping Identity in an all-cash deal for $2.8 billion. The acquisition will take publicly held Ping Identity into the private markets. Thoma Bravo’s other recent fintech acquisitions include Bottomline Technologies, Digital Insight, and Ellie Mae. Cloud-based identity software provider Ping Identity has agreed to be acquired by private equity firm Thoma Read more…
Every summer there’s that one song playing across radio stations, at the beach, from your kids’ earphones, and in the club. This year, it’s likely “Jiggle Jiggle” by Duke & Jones and Louis Theroux. As we announce the first wave of demoers at FinovateFall, the chorus comes to mind: “My money don’t jiggle jiggle, it Read more…
This week’s edition of Finovate Global takes a look at two Finovate alums that are helping support fintech innovation in the Middle East and Africa. First up is engagement banking platform provider Backbase. The four-time Finovate Best of Show award-winning company announced this week that it has forged a new partnership with Bahrain FinTech Bay Read more…
Two Finovate newcomers – DigiShares and the Polymesh Network – have teamed up to promote the use of tokenization to create and manage securities. The partnership comes in the form of a grant from the Polymesh Ecosystem Development Fund (EDF), a part of the not-for-profit Polymesh Association. DigiShares is headquartered in Denmark and demoed its Read more…
MoneyGram is rolling out a service that will enable users to buy cryptocurrency using cash, as well as allow them to withdraw their crypto holdings in cash, at select MoneyGram locations. The new capabilities are made possible via a partnership with Stellar Development Foundation. The service is currently available in the U.S., Canada, Kenya, and the Philippines. Read more…