Gemini Obtains Regulatory Approvals to Operate in Italy, Greece

Payments and infrastructure Fintech Airwallex is expanding into Lithuania, according to a note from the firm. Airwallex currently operates in 19 locations around the world, including a presence in Asia Pacific, Europe, the UK and North America. Airwallex employes approximately 1200 individuals. After its last funding round, Airwallex was valued at $5.5 billion. Last year, Airwallex processed almost $50 billion in transactions.

Plum, a smart money app, has expanded services into in five new European countries including Italy, Portugal, the Netherlands, Greece, and Cyprus. Plum has been available in the UK, France, Spain, Ireland and Belgium. Founded in 2016 by Victor Trokoudes, Plum automates parts of personal finance helping users to save,...

Belarus’ army has begun removing armored vehicles from long-term storage to contribute to the joint regional grouping of Russian and Belarusian fighting forces, according to the Belarusian Ministry of Defense.The decision was made in order to facilitate “interoperability measures” for the battlegroups, which have been conducting joint drills since October in Belarus, according to TASS.It’s just the latest sign that Belarus could be gearing up for military action—or that it might be preparing to serve as a launchpad for Russian assaults on Ukraine.Last fall, Russia sent tens of thousands of troops and armored vehicles into Belarus to conduct live fire...

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...

Milestone Group, the global provider of Oversight and Backup NAV solutions to the investment management industry, has announced that the UK’s largest independent Authorised Corporate Director (ACD), Link Fund Solutions, will “adopt its pControl™ Oversight platform.”:. pControl™ Oversight will “allow Link Fund Solutions (LFS) to independently...

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...

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 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,...

BIGG Digital Assets Inc. (CSE: BIGG), owner of Netcoins, the online cryptocurrency brokerage that makes it easy for North Americans to buy, sell, and understand cryptocurrency, and Blockchain Intelligence Group, a developer of blockchain technology search, risk-scoring and data analytics solutions, is pleased “to report that Netcoins will be expanding its USA footprint on February 1st, launching in Colorado, Kentucky, Kansas and Utah.”

Okredo, an open data platform that merges open data, open banking, and credit bureau functionalities, aims to give SMEs in the UK a competitive advantage by “offering access to the most recent data about other UK businesses.”. Okredo will start by “introducing business linkages reports, international credit and sanctions...

SEBA Bank, a licensed digital assets bank regulated in Switzerland, has announced an innovative offering for its clients. SEBA Bank is “shaping the future of finance, simplifying crypto banking for its clients, whether traditional or crypto-savvy investors.” Clients are “the focus at SEBA.”. SEBA claims that it...

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...

Klarna, which claims to be the global leader in the generational shift away from credit cards, announced the launch of Money Story in the US Klarna App – “a personal spending summary of 2022 that provides millions of consumers with useful insights into their spending habits and helps them be informed and in control of their finances.”

Nova Credit UK, a wholly owned subsidiary of Nova Credit, has received the requisite scope of permissions in order “to provide credit references in the UK from the Financial Conduct Authority (FCA).”. Through its Nova Passport technology, the firm intends “to make it easier, faster and more equitable for...

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...

The PensionBee Impact Plan has been created in collaboration with BlackRock, specifically in response to PensionBee customer feedback. This is an innovative new product which delivers active impact investing “to mainstream investors; through the PensionBee Impact Plan savers are able to invest in companies whose goods and services are addressing the world’s great social and environmental problems and providing solutions to society and the planet.”

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.

Ginman, a Germany-based Robo-advisor, is looking to expand into digital assets, according to a note from the firm. Ginman historically has focused on equities – more specifically, ETFs or exchange-traded funds. As it seeks to add digital assets as an investment option, Ginman has added Markus Pertlwieser to its...