Author: Lucas Peterson
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TABADUL and Fintech Saudi Signed A Memorandum Of Understanding!
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Saudi Electronic Info Exchange Company (TABADUL), the leading provider of innovative digital and intelligent financial services for the business and logistics industries, announced the signing of a Memorandum of Understanding (MoU) with the Fintech Saudi initiative in Riyadh. The MoU will strengthen cooperation between the two parties to launch joint…
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UK Venture Firm Northzone Is Launching A €1 Billion Fund To Invest In Fintech And Web3 Startups!
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London-based venture capital firm Northzone has announced a €1 billion fund to invest across fintech, healthtech, SaaS, consumer and Web3. The fund will support startups from seed to IPO with checks ranging from $1 million to $40 million. Northzone also intends to provide growth-stage investments to be a “full-stack” partner…
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Zurich FinTech Crealogix Burned Half Of Its Cash!
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Crealogix is almost systemically crucial for the financial centre. From Aargauische Kantonalbank to Cler, Credit Suisse and Julius Bär to Raiffeisen and ZKB, all have ebanking solutions from the Zurich-based company. Now they may be worried about the company’s financial situation. As of June 30, revenues are down 15%, with…
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Southeast Asian FinFech Company Fazz Closes A $100 Million Series C Round!
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Fazz (website) Southeast Asia finttech, has secured $100 million in Series C funding with $75 million from Tiger Global, DST Investment, B Capital, Insignia Ventures Partners and ACE & Company. In addition, the fintech company has received a $25 million credit facility from Lendable.
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FinTech Infrastructure ProviderPower Secures A $316 Million Equity And Loan Injection.
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Power, a fintech infrastructure startup, is launching its comprehensive credit card issuing platform after a year in stealth mode and with $16.1 million in seed funding and a $300 million credit facility. The New York-based company’s seed round was led by Anthemis and Fin Capital and included CRV, Financial Venture…
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Turkish FinTech StartUp Fimple Gears Up For Global Deployment!
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Fimple (website), a Turkish fintech startup offering advanced cloud-based financial services, has already attracted significant investment – and has ambitious plans for global expansion. the Istanbul-based startup, which also launched operations in London earlier this year, has already received around $2 million in investments. It has ambitious plans for global…
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Fintech Nexus Announces New Partnership With Web3 Consulting Firm 11:FS!
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Fintech Nexus, a diversified fintech media company, announced a new partnership with one of the world’s top Web3 consulting firms, 11:FS. This partnership has led to the launch of a new, one-of-a-kind event for financial institutions, Merge, to be held at London’s Tobacco Dock on October 17-18, 2022.
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JP Morgan Snaps Up FinTech StartUp Renovite!
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The U.S. bank J.P. Morgan (website) has acquired the digital payment service provider Renovite (website), a leading cloud-native payments technology company, to counter the threat posed by fintech companies such as Block, Klarna, PayPal, and Stripe.
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FinTelegram Issued Whistleblower Request Regarding Lithuanian Crypto Processor Mirhax!
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Lithuanian crypto payment processor Mirhax recently came to our attention as a payment facilitator at the BBanc broker scam (report here). The potential BBanc victims were offered on the scam’s payment page to buy cryptos via credit or debit card using Mirhax. These are then transferred to the BBanc scammers’…
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Cyprus-Based High-Risk Payment Processor LegionPay Listed On PayRate42
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The online rating agency PayRate42 reviewed the Cyprus-based high-risk payment processor LegionPay and included it in its Green Compliance list. LegionPay offers its clients the ability to receive digital payments from all over the world via fully integrated API solutions for card processing, bitcoin deposits, and other payment options.