News
Stay up to date with the latest news in fintech, crypto, and digital finance. Our News section delivers concise, insightful coverage of market developments, funding rounds, regulatory updates, and innovations shaping the financial technology landscape.
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Fundraising News of Sunday, 15 June
In today’s fundraising news, German fintech RIIICO secured €4.3 million in seed funding, while Swedish energy startup Engrate raised €2.5 million. Meanwhile, Slovenian Sunrise Robotics emerged from stealth with €7.3 million. In the EdTech sector, German startup Knowunity secured €27 million for AI tutor expansion. Stay tuned for more detailed updates on these exciting developments…
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Mercurity Fintech to Establish £800m Bitcoin Treasury
In a significant development, Mercurity Fintech Holding Inc, a premier digital fintech group specializing in blockchain-based financial infrastructure, has declared its plan to raise an impressive $800 million. This fund is intended for the establishment of a long-term Bitcoin treasury reserve, marking a crucial step in the company’s strategy. The move to set up a…
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SBI Ven Capital Invests €1M in Colossus
In an exciting development for the crypto world, SBI Ven Capital has invested €1 million in Colossus Digital. This move is part of a bridge round intended to expedite the deployment of the company’s Institutional Hub. As a result, this platform will connect regulated custodians with top validators for staking and governance within the crypto…
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Worldpay and Visa Strategic Partnership
In a bid to aid merchants in reducing fraud, Worldpay has recently teamed up with Visa, enhancing the former’s 3D Secure (3DS) solution, 3DS Flex. This collaboration is a significant move in the fintech industry, with the primary goal of enhancing the customer experience through improved authorisations. 3DS Flex, developed by Worldpay, is a tool…
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Ethereum’s Resurgence Fuels Corporate Crypto
The recent resurgence of Ethereum (ETH) and the increasing trend of corporate accumulation of digital assets, especially corporate crypto Ethereum, are the focus of a new crypto report. This report, moreover, sheds light on the potential risks associated with leveraged positions within the industry. These insights, provided by CoinGecko, offer a valuable perspective on the…
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Understanding US Middle Market Private Equity Trends
The latest Q1 2025 US PE Middle Market Report from PitchBook offers a detailed look at the trends shaping private equity (PE) investment in the US middle market. This sector holds a significant place in the broader PE landscape. For example, the report provides a thorough overview of deal activity, exits, fundraising, and the macroeconomic…
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Citigroup Insights into Asset Servicing and Asian
In the ever-evolving financial landscape, new insights from Citigroup have come to the fore. These pertain to two major areas that are moulding global markets: the transformation of asset servicing and the economic dynamics of Asia’s export-driven economies. The comprehensive reports illuminate the forces driving post-trade operations and the potential risks facing Asia’s economies. One…
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Surge in AI-Powered Fraud in Asia-Pacific’s Digital
The Asia-Pacific region is experiencing a significant surge in fraud within the digital sectors, particularly in healthtech and fintech. This is according to a report by Sumsub. The surge involves sophisticated fraudulent tactics such as deepfakes and synthetic identity documents, causing serious concern. For example, the healthtech sector has seen the largest year-on-year rise in…
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Understanding the CLARITY Act’s Impact on Digital
The CLARITY Act (HR 3633) is gaining momentum in the House. A recent hearing discussed its potential impact on the future of digital assets. The legislation aims to establish a robust regulatory ecosystem. This ecosystem will not only stimulate digital asset innovation but also offer adequate protection for consumers. Moreover, the legislation is all-encompassing. The…
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Canada’s Fintech Industry Faces Stricter Green
In a significant development for Canada’s fintech industry, companies now face stricter regulations related to environmental claims. This shift is a result of recent amendments to the Competition Act, announced by the National Crowdfunding & Fintech Association (NCFA Canada). These changes, implemented through Bill C-59 in June, hold considerable implications for all fintech businesses in…
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Brazil’s Shift to Pix and Card Payments
In 2024, a significant change occurred in the payment preferences of Brazilians. A recent report from the Banco Central do Brasil (BCB) reveals that the Brazil Pix card, along with other payment cards, has become the most favoured payment instrument in the country. This enormous shift in the payment landscape underscores Brazil’s rapid adoption of…
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French Regulator Scrutinises Mobile Investment Apps
Recently, the Autorité des Marchés Financiers (AMF) embarked on an exploration of retail investment services offered via mobile investment apps. They scrutinised the apps of 14 financial institutions, with a focus on how easy their client journeys were. AMF’s Investigation: A Deep Dive into Mobile Investment Apps Generally, AMF’s investigation revealed that client journeys on…
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Understanding the CLARITY Act’s Impact on Fintech
The CLARITY Act (HR 3633) is making progress in the House. It aims to set up a regulatory ecosystem for digital asset innovation. At the same time, it also has consumer protection in mind. The Act is comprehensive, covering a broad spectrum of digital asset regulation. Notably, the House Financial Services Committee plays a crucial…
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Canada’s Fintech Sector Faces New Green Rules
In a noteworthy move for Canada’s fintech sector, the Competition Act has recently been amended to impose strict regulations on environmental claims. The National Crowdfunding & Fintech Association (NCFA Canada) reported these changes, introduced via Bill C-59, took effect in June. However, these modifications necessitate fintech companies to adapt to a new regulatory environment. The…
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Brazil’s Rapid Adoption of Digital Payments
By 2024, the Brazilian payment landscape has experienced a major shift. Pix and payment cards have become the preferred methods, as per a recent report from the Banco Central do Brasil (BCB). This shift underscores Brazil’s swift adoption of digital and instant payments, a trend shaping the future of digital payments in Brazil. Firstly, Pix,…
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Bank of England Predicted to Cut Interest
The KPMG UK Chief Economist, Yael Selfin, has recently provided an interesting insight into the future of UK’s finance. She stated that the Bank of England would likely opt for an interest rate cut next month. Furthermore, she expects two more cuts in 2025. According to Selfin, the anticipated rise in pay growth may only…
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Recharge Reports Impressive Sales Growth in 2024
European fintech firm Recharge showcased impressive sales growth in 2024. They reported a remarkable 39% rise in total sales, pushing the figure to a hefty €695 million. As a result, the company’s top-line revenue surged by 32%, reaching a solid €73.6 million. In 2024, Recharge’s performance was exemplary. Not only did the company’s EBITDA increase,…
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Affirm Extends Partnership with DICK’S Sporting Goods
DICK’S Sporting Goods (NYSE: DKS), a leading US sporting goods retailer, recently announced the extension of its partnership with fintech firm, Affirm (NASDAQ: AFRM). The affirm dicks partnership unites two industry leaders: DICK’S, a top sporting goods retailer in the US, and Affirm, a key player in the ‘Buy Now, Pay Later’ (BNPL) market. Initiated…
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Decoding Ethereum’s Regulatory History
Recently, South Carolina’s Congressman William Timmons made a significant statement. He urged Paul Atkins, the new Chair of the Securities and Exchange Commission (SEC), to provide complete transparency. This transparency pertains to Ethereum’s regulatory history. This request comes amidst rumors of the SEC’s past dealings with Ethereum (ETH). These dealings occurred under the leadership of…
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Understanding South Korea’s Resilient Private Equity Sector
In recent years, South Korea has evolved into an innovation hub. Its robust technological infrastructure, coupled with supportive government policies, attracts venture capitalists and private equity investors. However, recent data suggests a subdued venture capital activity. On the other hand, private equity dealmaking showcases a robust trend in the South Korea private market. In their…