Accel Funded finbots.ai Signs First Neobank in Mongolia – M Bank

Digital securities exchange ADDX has listed another alternative asset on its marketplace. The most recent offering is for the hedge fund Asia Genesis. According to ADDX, Asia Genesis is an Asia-focused macro hedge fund that aims to provide both capital preservation and positive annual compounding. Net return for 2022 was reported at +15.3%. The fund is said to trade exclusively in highly liquid exchange-listed futures and options. There is a monthly redemption option with no lock-in periods.

Eazy Digital, a Thai insurtech startup that provides digital platforms for insurance companies, has raised US$850,000 in an oversubscribed seed funding round. The investment round was “led by Wavemaker Partners, with participation from Seedstars International Ventures, Wing Vasiksiri, and Sasin Bangkok Venture Club.”. Eazy Digital is a platform that...

Wafeq, a modern and easy-to-use accounting platform, has announced the completion of its $3 million seed round. The Dubai-headquartered company’s seed round was “led Raed Ventures by and saw participation from Wamda Capital, both of which are two of the most prominent names in the region’s early-stage funding ecosystem.”

Digital bank Zopa has raised £75 million ($93m) in order “to drive its next phase of growth, supporting its vision to become Britain’s best bank.”. The deal cements and markedly “enhances Zopa bank’s Unicorn status, and was led by existing investors.”. The proceeds from the...

A new report indicates that Fintech funding declined in 2022 as the sector was impacted by a challenging market. According to Tracxn, private Fintech firms in the UK raised a total of $11.2 billion in 2022, a drop of 13% from the year prior. In 2021, Fintechs raised $12.9 billion.

The crypto-asset industry might have been struggling during the past year, however, global banking institution HSBC (NYSE: HSBC) is looking to enhance its expertise in the area, advertising for senior digital assets and tokenization professionals. The new roles, both at HSBC‘s Global Private Banking and Wealth (GPBW) business and both...

Mayfair, a Fintech startup backed by Tiger Global and Amity Ventures, is helping companies put “every last idle dollar to work.”. Its clients avoid “the price and liquidity risks of financial products typically marketed to businesses, and can take advantage of automated cash management to earn 4.02% APY.”

Stellar blockchain proponents Tempo France and Armenotech have announced a partnership on payments and remittances, according to a note from the firms. Tempo France is an international money transfer system that recently utilized Stellar to power transfers in Europe and the Asia Pacific region. Tempo reports using over 100 payment methods in 100 countries globally.

The Saudi Central Bank (SAMA) announced the licensing of two finance companies that are “specialized in debt-based crowdfunding, namely: Forus and Tameed.”. The licenses were “granted to the companies after successful testing of their solutions in SAMA’s Regulatory Sandbox; an experimental environment dedicated to innovative financial products and services in Saudi Arabia.”

Strike, which claims to be the world’s “leading” digital payments platform built on Bitcoin’s Lightning Network, announced the expansion of its “Send Globally” product to the Philippines. Send Globally now “enables fast, secure, and low-cost money transfers between the U.S. and the Philippines, revolutionizing...

The European Investment Bank (EIB) priced its first ever £50 million digital bond using a combination of private and public blockchains operated and accessed via HSBC Orion – the bank’s tokenization platform. It follows the recently adopted Luxembourg legal framework tailored “to allow for the issuance, transfer,...

Varo Bank, the first Fintech to receive a federal bank charter and become a regulated digital-only bank, continues to lose money as it pursues its mission of improving the financial health of its customers. A document recently filed with the Office of the Comptroller of the Currency indicates that Varo...

Bamboo Capital, a VC impact investor, has exited its investment in Banco W based in Colombia, according to a note from the firm. Banco W S.A. is a regulated entity authorized by the Financial Superintendency of Colombia, created in 2011. Banco W aims to promote financial inclusion by providing financial services, including microfinance supporting SMEs.

Groceries, transportation, relationships, entertainment, and more are all now “available at the swipe of a smartphone,” the team at Inscribe notes in a blog post. Buyers have come “to not only enjoy — but expect — frictionless interactions that provide instant gratification.” Fast response times are “no longer a perk; they’re the most important attribute of the customer experience,” Inscribe writes in a recent update.

Binance and Mastercard (NYSE: MA) are excited to announce the launch of Binance Card in Brazil. Brazil is among “the top ten markets for Binance globally and becomes the second country in Latin America to have the product, following its release last year in Argentina.”. The prepaid card is...

On January 6, 2023, Okcoin launched its new Unified Account and API v5 (they skipped v4 since some of their users consider the number “4” bad luck). Okcoin is excited to share “this upgraded, more seamless trading experience with a select group of users.”. Over the next...

After months of diminished interest, interest in digital asset investment products picked up last week, according to Coinshares. The report states that digital asset investments experienced a $117 million inflow last week, the largest since July 2022. At the same time, total assets under management (AuM) rose to $28 billion, up 43% from the November 2022 lows.

Investment crowdfunding, or crowd-sourced funding (CSF) as it is called down under, generated $72 million in online capital formation, according to an industry report. The information is compiled by Birchal, the largest online investment platform in Australia. Birchals has been providing this report for several years now. While a smaller...

ViewTrade, the force that powers fintech, announced extensive client growth over the course of 2022 as the firm continues to expand, “now serving financial services firms in 26 countries.”. Culminating in the launch of a carrying broker services offering in December, 2022 was a year of tremendous growth for...

Large enterprises today are facing significant macroeconomic uncertainty across the world, according to an update from Paysend. Alexander Budyakov, Enterprise Business Executive, Paysend, notes that the fallout of the COVID-19 pandemic continues “to disrupt markets and supply chains whilst inflationary pressures and fluctuating currency markets are complicating cross-border trade.”