Category : News

Swiss and Liechtenstein Crypto Assets Ecosystem Continues to Grow Despite Market Turmoil

In Switzerland and Liechtenstein, the crypto assets investment ecosystem continues to grow and mature, despite market volatility and declining trading volumes, a new report by the Institute of Financial Services Zug (IFZ) of the Lucerne University of...

Crypto App hi and Mastercard Launch Debit Card With NFT Customisation

Crypto app hi and Mastercard have launched the world’s first debit card with NFT avatar customisation, allowing cardholders to personalise their card with an NFT avatar that they verifiably own. The card will initially be available to hi members in o...

Web3 Investco Acquires Luxembourg Crypto Platform Blocktrade

Zug-based private equity firm Web3 Investco has signed a definitive agreement to buy 100 percent of the voting shares of Luxembourg-based digital asset exchange Blocktrade from the Elite Club Foundation. Blocktrade was founded in 2018 before being ac...

Finastra Integrates With Visa Direct for Cross Border Payouts

Financial services software and cloud solutions provider Finastra and Visa will co-develop new functionality to enable banks and financial institutions to offer their SME and individual clients cross-border payout solutions in multiple currencies and...

Japan’s Nomura Holdings Picks Switzerland for its New Digital Assets Business

Japanese financial services group Nomura Holdings has established a new digital assets business in Switzerland called Laser Digital, with Steven Ashley as Chairman and Jez Mohideen as CEO. According to the company, Switzerland was selected as the loc...

Payment Innovations Remain Apple’s Top Fintech Priority

With a market capitalization of more than US$2 trillion and over US$100 billion in annual profit, American technology giant Apple is one of the most valuable companies in the world. Widely known for its consumer electronics, including the Macintosh p...

Ledgy Raises US$22M Series B to Help European Startups Manage Equity

Swiss equity management platform Ledgy has raised a US$22 million Series B funding round led by New Enterprise Associates (NEA). Speedinvest as well as existing investors Sequoia Capital, 20VC, btov and VI Partners also participated in the round. Led...

Fintech M&A Deal Activity Accelerates in DACH Region

In Germany, Austria and Switzerland, also referred to as the DACH region, fintech funding and acquisition activities have accelerated over the past few of years on the back of a maturing fintech market and increasing appetite from strategic players a...

UK Fintech Monese Secures US$35M Investment From HSBC Ventures

UK-based money app Monese has received a US$35 million investment from HSBC Ventures, bringing the total amount it has raised so far to US$208 million. The investment is said to be part of a broader strategic partnership that focuses on growing Mones...

CYBERA Raises Additional US$5M to Disrupt Financial Cybercrime

CYBERA Global Inc. has secured an additional US$5 million in what it says was an oversubscribed equity round led by Converge VC and New North Ventures. Founder Collective, Swiss venture capital firms Serpentine Ventures and CV VC, as well as other in...

Payments Group PayU Finalises Acquisition of Colombia’s Ding to Expand to LATAM

Netherlands’ PayU has received the endorsement of Colombian regulatory authorities to acquire local electronic payment and deposit specialist Tecnipagos, better known as Ding. Based in Bogota, Ding allows merchants to make electronic deposits like th...

UBS Venture Unit Leads New Wealthtech US$50M Series C Funding Round

New York-based asset management platform Ethic has closed a US$50 million Series C funding round led by the Jordan Park Group, with participation from UBS’ venture unit UBS Next. The round also saw participation from existing investors including Oak...

Portofino Technologies Raises US$50M to Scale Its HFT Crypto Infrastructure

Digital asset trading technology provider Portofino Technologies has raised over US$50 million in equity funding from Valar Ventures, Global Founders Capital and Coatue to scale its technology across the full crypto infrastructure value chain. The co...

Banks Jump on the Metaverse Bandwagon

Banks from around the world are actively exploring the opportunities brought about the metaverse, purchasing virtual land and establishing presence on popular platforms. They believe these virtual environments will help them better engage with younge...

ECB Selects 5 Companies to Jointly Develop Prototype Digital Euro User Interfaces

The European Central Bank (ECB) will collaborate with five companies to develop potential user interfaces for the digital euro to test how well the technology behind a digital euro integrates with prototypes developed by companies. Simulated transact...