Silvr, founded in 2020, is preparing its market entry in Germany. To this end, it will in future cooperate with DFKP, an intermediary for corporate financing in Germany. The common goal: is to make raising capital for digital companies even easier and more accessible in the future. This should be good news for SMEs because cash flow optimization is crucial for companies in the current market situation between recession and rising interest rates.
In the FTX crash, the crypto market has been in a state of shock. Celebrities such as the U.S. football star Tom Brady are among those affected. Slowly, the full extent of the FTX crash is becoming visible. Sam Bankman-Fried's crypto exchange had signed big-name investors and promotional deals, including Brady and his ex-wife, the Victoria-Secret model Gisele Bündchen, and NBA legend Stephen Curry. Not just promote faces, but also capital providers such as BlackRock and Kraken are among the losers of the FTX crisis.
Sightline Payments, a FinTech unicorn focused on payment technologies for the gaming industry, has completed a strategic investment from J.P. Morgan Payments. Under the deal, Sightline will work with J.P. Morgan Payments to develop an integrated omnichannel solution for resort and online gaming companies serving the spa, entertainment, and hotel ecosystem. The size of the investment was not disclosed.
Online retailers will, in the future, also be able to obtain financing via the logistics platform Everstox. The money and scoring run through the Fintech Banxware of Miriam Wohlfarth. Other partners include, for example, the platform Lieferando.
Fintech company Geidea has entered into a strategic partnership with U.S. financial services provider Visa to accelerate its digital payment solutions in Egypt. Under the agreement, Visa will invest in launching new payment solutions through Geidea's point-of-sale terminals to provide seamless and secure payment solutions to merchants and small and medium-sized businesses in Egypt.
The Cyprus-based paytech Praxis Tech announced a partnership with the igaming software giant, Softswiss, which provides its clients a full-service infrastructure, including payment processing. As an omnichannel gateway provider, Praxis Tech offers Softswiss and its more than 300 clients a vast portfolio of PSPs and cashier opportunities. The partnership enables Softswiss to expand globally as the Praxis payment solutions allow it to address the requirements of different jurisdictions.
US fintech company Astra (website) has partnered with Visa to enable faster payments for millions of end users and plans to offer instant card-to-card financing as a service. Astra uses Visa Direct, Visa's real-time payment service, to enable users to fund cards, wallets, and other accounts with their eligible debit cards.
The partnership between Sparkasse KölnBonn (website) and FinTech Raisin (website) goes into the next round. Customers of the Sparkasse can now conclude overnight and fixed-term deposits with Raisin via their advisor and view them directly in online banking. This is possible thanks to an API solution developed as part of an open banking partnership between Raisin and Wallis. The first user of the integration is Sparkasse KölnBonn.
FTX, the regulated cryptocurrency company of Sam Bankman-Fried, announced an integration with Reddit's Community Points in the US, EU, Australia, and other global markets. The partnership features the integration of FTX Pay as a white-label payment and exchange solution to support users onboarding Community Points.