Author: Lucas Peterson
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SME Financial Services Provider Finom Buys Cross-Border PayTech Company Kapaga!
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Finom, a fintech company that provides online financial services to small and medium-sized enterprises (SMEs), has acquired cross-border paytech company Kapaga in a deal worth at least £10 million. The merger will allow Finom to unify its separate paytech services for freelancers, SMEs, and corporate customers in the UK and…
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French PayTech Startup Fintecture Receives €26 Million Series A Funding!
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Paris-based B2B payments platform Fintecture has received €26 million in a Series A funding round. New investors Eurazeo, RTP Global, HEC Ventures, and Allianz Trade participated in the funding round, as well as existing investors Target Global, Samaipata, and Societe Generale, and angel investors also participated.
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Unit21 Launches FinTech Fraud DAO To Combat Cybercrime!
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Unit21 and other U.S. consumer fintech community members have joined forces to launch the Fintech Fraud Decentralized Autonomous Organization (DAO). Participating fintechs include Brex, Chime, PrimeTrust, Yotta and Airbase. This decentralized network uses a collaborative approach to data sharing to detect and combat fraud. The DAO is expected to process…
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FinTech Startup Splint Invest Secures 500,000 Swiss Francs On “The Lion’s Den!”
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The Zug-based FinTech startup Splint Invest secured an investment of CHF 500,000 in the Swiss edition of the TV pitching format “The Lion’s Den.” With the app of the same name, the team around Solothurn-based founders Mario von Bergen, Robin Muster and Aurelio Perucca make it possible to diversify one’s…
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Dubai International Financial Centre Hosts A Global FinTech Summit!
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His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the United Arab Emirates and President of DIFC, has announced the launch of the Dubai FinTech Summit. The international event will bring together more than 5,000 experts, thought…
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Former Tink Employees Launched FinTech Atlar And Raised Five Million Euros!
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The new fintech startup Atlar, founded by three former Tink employees, Joel Nordström, Joel Wägmark and Johannes Elgh, is launching. Atlar allows businesses to communicate directly with banks via a novel layer to seamlessly and automatically initiate and reconcile payments.
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Nigerian Influencer “Hushpuppi” Was Jailed In The US For Money Laundering And Fraud!
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The 40-year-old social media influencer became known for a lavish lifestyle supported by money laundering. The Nigerian social media influencer who called himself Ray Hushpuppi and bragged about a lavish lifestyle supported by laundering millions of dollars was sentenced Monday in Los Angeles to more than 11 years in prison…
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Former Mollie Manager Brings U.S. FinTech Capchase To Germany!
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The Spanish-American revenue-based capital provider Capchase (website) is coming to Germany. Frank Bertele, who was previously active in the same role at Mollie, will be responsible for the expansion. The business model of a revenue-based form of financing seems attractive.
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The Ripple Crypto Case: Why The SEC Can’t Win!
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The U.S. Securities and Exchange Commission (SEC) does not have good cards to win in court with its charges against Ripple. At least, this is the opinion of attorney Jeremy Hogan, who has been watching the process from the beginning and regularly assesses how the proceedings are going.
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SEC Philippines Revokes The Registration Of MLM Fraud Scheme Operators!
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The Philippines Securities and Exchange Commission (SEC) has revoked the corporate registration of Astrazion Noble Task Community Foundation and Astrazion Global Holdings Philippines, Inc. In a statement, the regulator said the companies solicited investments from the public without the required license and through a fraudulent scheme. In an order, the…