Asian Platform Funding Societies Tops THB 1 Billion in Thailand

The team at ThinCats are pleased to announce that they provided £302 million of funding to businesses in 2022. In total, ThinCats has “lent more than £1.3bn to businesses across the UK while assets under management stand at a record £675m.”. Despite a challenging economic backdrop,...

In November 2021, pan-European crowdfunding rules became actionable after approval by the European Union in 2020. Under the new rules, or European Crowdfunding Service Providers Regulation (ECSPR), a platform may raise up to €5 million from investors in all member states. This opens up investment crowdfunding to over 300 million EU citizens. The industry has heralded the new rules as a transformative event – a change in policy that took around 9 years of advocacy from industry insiders. At the same time, ECSPR is foundational to the concept of European monetary union – the ability for goods and capital to flow seamlessly across the EU.

Female-founded Fintech Twinco Capital has announced a $12 million funding round led by Quona Capital. The funding provided both debt and equity capital. Working Capital, as well as existing investors Mundi Ventures and Finch Capital, participated in the round, with Zubi Capital providing the venture debt portion. The Amsterdam and...

Tabby, one of MENA’s shopping and financial services apps, has raised $58 million from Sequoia Capital India, STV, PayPal Ventures, Mubadala Investment Capital, Arbor Ventures and Endeavor Catalyst in a Series C round which values the company at $660 million. The fundraise will be used “to expand Tabby’s product...

Online lender Accelerated Payments has announced topping the €1 billion worth of invoice financing milestone. Based in Ireland, Accelerated Payments claims to be of the fastest-growing Fintechs in the world, with offices in Europe, the UK, Canada, and the USA. Accelerated Payments provides a solution for cash flow delays...

The world's first human-monkey hybrid has been successfully created in a laboratory, according to shocking research from Chinese scientists. This horrifying development occurred in 2021, after a team of researchers from the United States and Spain traveled to China in order to get around regulations that forbade this kind of research in their own nations.

A RUSSIAN warship armed with “unstoppable” hypersonic missiles is sailing towards the US coast in a show of strength, reports claim. The guided missile frigate Admiral Gorshkov has been closely monitored by Nato navies on its maiden voyage armed with 6,670mph Zircon weapons. An unconfirmed Russian Telegram channel...

Newly launched Filipino digital bank GoTyme Bank has partnered with global cloud banking platform Mambu in order “to deliver an innovative digital banking solution that is aiming to improve access to high quality financial services for Filipinos.”. Singapore-based Tyme Group, which has partnered with Gokongwei Group “to launch GoTyme...

Wefunder, one of the largest securities crowdfunding platforms in the US, has received regulatory approval to operate in the European Union. Wefunder is the first Funding Portal to cross the Atlantic and gain approval to provide online capital formation services. Wefunder has been sharing its ambition to operate in Europe...

Injective, a blockchain specifically designed for building financial applications, announced a new $150 million ecosystem initiative “to further accelerate the adoption of interoperable infrastructure and DeFi.”. Injective claims it is the first fully decentralized smart contracts platform “optimized for building finance applications.” Injective was “created using the Cosmos SDK...

Merchant commerce omnichannel company, Pine Labs announced that it has acquired a proprietary enterprise platform from Bengaluru-based Saluto Wellness Private Limited. This acquisition will “boost the capabilities of Pine Labs’ Issuing Business under the Qwikcilver brand, enabling it to strengthen its offerings across employee rewards and recognition, customer loyalty programs, and channel partner programs for medium and large enterprises.”

In a report titled, Monitoring the Currents of the Crypto Market, Matías Andrade and Kyle Waters from Coinmetrics noted that the digital asset market is “experiencing a surge in activity as we kick off the new year. The update from Coinmetrics points out that Bitcoin is “up 36%...

Eventus, a global provider of multi-asset class trade surveillance and market risk solutions, announced today that cryptocurrency derivatives exchange Deribit has “selected the firm’s Validus platform to provide market abuse monitoring on the exchange.”. Headquartered in Panama City, Panama, Deribit claims it is among the largest cryptocurrency options...

LendInvest (LSE:LINV) has announced a partnership with the British Business Bank to aid in the building of more homes, financed by HSBC, according to a note from the Fintech. LendInvest states that HSBC will provide £100 million for LendInvest’s development finance program. The project is supported by theBritish Business Bank’s ENABLE Guarantee program. This will increase LendInvest’s total Funds under Management to more than £3.6 billion.

Open Ecosystem RegTech provider, Konsentus, establishes its MENA regional base in the Kingdom of Saudi Arabia “to provide open data infrastructure and technology services to regulators and financial services providers in the Kingdom and surrounding territories.”. The team is “led by Managing Director MENA, Konsentus, Saleh Alhammad, who has...

The French Autorité des Marchés Financiers (AMF) has posted a comment on its website commenting on investment crowdfunding. The AMF notes to change to online capital formation under EU harmonized rules or European Crowdfunding Service Providers Regulation (ECSPR). The AMF explains:. Crowdfunding: a regime undergoing transition. Crowdfunding, initially...

Digital wealth manager Moneyfarm announced that it has appointed Dame Jayne-Anne Gadhia as Chair. Dame Jayne-Anne Gadhia, DBE, CVO, FRSE, “brings considerable experience to the role. She is the Founder and Executive Chair of fintech Snoop and was the CEO of Virgin Money from 2007 to 2018, leading the company to IPO.”

PhonePe, one of India’s largest Fintech platforms, announced it has raised $350 million in funding from General Atlantic, a global growth equity firm, at a pre-money valuation of $12 billion. Marquee Global and Indian investors are also participating in the investment round. The investment marks “the first tranche of...

Creditspring is reporting an increase in demand which they are attributing to the rapid increase in the cost of living, which is expected to continue in 2023. Creditsrping said that during the last 12 months, 260,000 borrowers sought credit on the platform, with “members” increasing by 100,000 in the last 12 months.

Milo, a financial technology company that is reimagining the way crypto and global consumers access financial solutions, announced the launch of its new crypto loan product. This launch means that digital asset-holders will now have the opportunity “to use their cryptocurrency as collateral to access loans, ranging in value from USD $10K – $200K and larger on a case-by-case basis.”