Car Finance Fintech Carmoola Closes £8.5 Million Series A
The British company Car finance fintech Carmoola announced that it managed to attract investments in the amount of 8.5 million pounds following the results of the Series A financing round.
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Canadian Securities Administrators Strengthen Crypto Oversight
The Canadian Securities Authority (CSA) has published a notice that provides additional obligations to ensure investor protection for crypto asset trading platforms (CTP) operating in this country.
Samsung and Naver to Partner on Mobile Payments in South Korea
Samsung and Naver announced that they have reached an agreement on strategic cooperation in order to combine efforts to maintain the leading positions of these companies in the South Korean mobile payments market.
The Government of Ukraine Launches NFT Cats Collection to Power Naval Drone Fleet
United 24, the official fundraising platform of Ukraine, launched by the President of Ukraine, Volodymyr Zelenskyi, announced the launch of the first national NFT collection featuring сats of the Armed Forces of Ukraine. Proceeds from the NFT sale will help raise funds for a fleet of naval drones
Phos Brings Tap-to-Phone Tech to US With Thrive Payments
Bulgaria-based softPOS system Phos enabled payment gateway Thrive Payments to bring its Tap-to-Phone payment solution to merchants in the US
Swarm Launches Tradable Stocks on Blockchain
Swarm, a regulated blockchain platform, has announced the launch of the world’s first public investment offer for AAPL. TSLA and two network ETFs of US Treasury bonds.
GB Bank Uses Almis Treasury Solutions
GB Bank, which received a full banking license in August 2022, decided to use additional ALMIS International products.
US Credit Card Debt Reaches $1 Trillion, While Delinquency Rates Rise
The New York Federal Reserve estimated that US credit card debt reached nearly $1 trillion in the fourth quarter of 2022, growing by a record $130 billion annually. The rise in delinquencies and charge-offs makes credit card issuers prepare for the worst
Natwest Waives Customer Charges for Pocket Money Cards
Natwest Bank customers will continue to enjoy free access to prepaid children’s debit cards from this financial institution.
Mastercard and Visa to Face Another Card Interchange Class Action Suit
Mastercard and Visa are preparing for the fact that in the near future, they will once again have to become defendants in the proceedings in the framework of a multibillion-dollar lawsuit on the fact of fees for multilateral exchange (MIFs).
Solana Spaces Experiment Fails
Solana Spaces stores in Manhattan and Miami did not spark customers’ interest in the Solana and Web3 ecosystem, being closed after 7 months of unfruitful operations
Social Investing Platform eToro Secures NYDFS Licenses
The American subsidiary of eToro, an Israeli social investing platform, received its money transmitter and virtual currency licenses from the New York State Department of Financial Services (NYDFS)
Crypto Startup Klink Finance Gains EU Licence
Klink Finance, a crypto startup based in London, has received initial permission to provide services in the European Union.
UK Open Banking Users Swell to 7 Million
In January 2023, more than 1 million residents in the UK used open banking services for the first time in their financial management practice.
Ethiopia Considering Opening Mobile Money Market to Foreign Operators
A consultative meeting will be held in Ethiopia by the end of February, during which the prospects of the mobile money market in this country will be discussed.
SBI Investment Leads $28 Million Series A in German Fintech Pliant
Japan’s SBI Investment has led a $28 million Series A round in the German corporate card platform Pliant.
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