ZenBusiness Completes Acquisition of Fintech Joust

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ZenBusiness makes an effort in expanding fintech offerings by acquiring Austin-based startup Joust last Thursday, July 30. The data management company announced the acquisition but...
US Fed Extends Lending Programmes

US Fed Extends Lending Programmes Through 2020

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The US Federal Reserve announced Tuesday it is extending several of its emergency pandemic lending facilities by three months, in a bid to help...
Deutsche Bank Stop Fossil Fuel Projects Investment

Deutsche Bank to Stop Investing in Fossil Fuel Projects

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Frankfurt-based Deutsche Bank announced Monday, July 27, 2020, its decision to halt its investment schemes in oilsands projects and other fossil fuel projects. The...
Amazon Offers Car Insurance

Amazon Enters Car Insurance in India

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Amazon’s move to expand services globally debuts in India, as the company announced auto insurance products to cover two to four-wheelers in the country. On...
Colorado Billionaires Got Richer During Pandemic

Colorado Billionaires Got Richer During Pandemic, Recession

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Data from Forbes revealed that Colorado’s wealthiest individuals increased their fortunes during the virus pandemic and the recession that came with it, said The...
90-Day Grace Period for Rewards Cards

NY Passes Bill for 90-Day Grace Period for Rewards Cards

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The New York Senate passed a bill on Wednesday, July 22, allowing consumers to enjoy a 90-day grace period to redeem credit card rewards. Known...
Fintech Firm Episode Six Funding

Fintech Firm Episode Six Secures $7Million in Series A Funding

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Episode Six, a U.S.-based payments technology provider, announced Wednesday it has secured a $7 million funding commitment from numerous investors in a recently closed...
World Bank Land Titling Loan Deal

Ph, World Bank Ink $370m Land Titling Loan Deal

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The Philippine government inked a $370-million loan agreement with the Wolrd Bank to help the country redistribute approximately 1.4 million hectares of land to...
Ericsson Dual-Mode 5G Core

Ericsson Gets Deployed for Dual-Mode 5G Core for SoftBank

Swedish kit vendor Ericsson secured the deal with Japan’s SoftBank for adding a dual-mode 5G Core to 5G RAN. The company is deploying a cloud-native,...
Brolly Obtained by Direct Line Group

Insurtech Firm Brolly Obtained by Direct Line Group

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Digital insurance app Brolly was recently bought by Direct Line Group, said Tech Crunch. The transaction will be closed in the third quarter. No...
Barclays New Digital Wealth Management Service

Barclays Introduces New Digital Wealth Management Service

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UK-based Barclays bank has expanded its service portfolio with the launch of a new hybrid digital wealth management service. On Tuesday, July 14, the...
Virtual Payment Card Startup Privacy

Virtual Payment Card Startup Privacy Raises $10.2m in Series A

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Virtual payment card startup company, Privacy.com, announced Wednesday, July 15, 2020, its successful Series A investment round. The firm was able to raise a...
Lanistar Raises Valuation Funding

Lanistar Raises Valuation to £150M After £15M Funding

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Personal financial management startup Lanistar received a £15 million capital funding from Milaya Capital, as it gears towards commercial launch in the fourth quarter...
MUFG Enters Lending in Thailand

Japan’s MUFG Enters Lending in Thailand Thru Grab

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Mitsubishi UFJ Financial Group Inc. (MUFG) will be launching a lending business in Thailand through Grab, said Reuters. This is to monetize the investment...
Qualcomm Invests in Jio Platforms

Qualcomm invests $97 million in Jio Platforms

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US 5G giant Qualcomm has become the latest backer of India’s Jio Platforms, adding to the list of other big-name investors that have injected...
SpiceJet Virus Insurance Cover

SpiceJet First to Offer Virus Insurance Cover

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Indian domestic low-cost carrier SpiceJet announces its insurance offering for passengers in light of the virus pandemic. The newest offering to SpiceJet passengers is...
Canada’s Wealth Tax

Canada’s Wealth Tax to net $5.6Bn, According to PBO Report

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The Parliamentary Budget Officer’s (PBO) report revealed that Canada’s annual revenue can peak at $5.6 billion for the wealth tax alone. The projection was requested...
Chicago Atlantic Offers Credit Facility to Verano

Chicago Atlantic Offers $30M Credit Facility to Verano

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Chicago Atlantic Group affiliate Green Ivy Capital has revealed that it will be serving as the sole lead arranger and administrator for a credit...
AMTD to Acquire FOMO Pay

AMTD to Acquire a Controlling Stake in FOMO Pay

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Hong Kong's AMTD, the digital finance arm of AMTD Group, is set to make its third Singapore fintech acquisition this year through the purchase...
Paycheck Protection Program Extension

Trump Extends Paycheck Protection Program

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Days after the House passes the extension of the pandemic small business loan deadline, President Donald Trump signed the extension of the Paycheck Protection...
TransferWise to Offer Retail Investment

TransferWise Secures UK FCA, to Offer Retail Investment

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The UK’s Financial Conduct Authority (FCA) has authorized cross-border payment company TransferWise to offer investment products in the region. After acquiring the license, TransferWise provides...
Lemonade Increases Price Range

Lemonade Increases Price Range to $319M Ahead of IPO

SoftBank Group Corp.-backed unicorn insurance startup Lemonade Inc. announced its price range increase ahead of its initial public offering (IPO) debut. From the initial...
China Opens Border for Wealth Flow

China Opens Border for Wealth Flow With Hong Kong and Macau

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In a move to strengthen economic relations with Hong Kong and Macau, Mainland China is allowing the purchase of wealth products to and from...
Elevate Credit Ceases Operations

Elevate Credit Ceases Operations in the UK Market

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US-based Elevate Credit, a provider of online credit solutions to non-prime consumers, announced Monday that its wholly-owned UK unit, Elevate Credit International Limited (ECIL),...
Qupital and eBay Partners for Cross-Border Financing

Qupital Partners with eBay for Cross-Border Financing

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Hong Kong-based financial technology platform Qupital announced its agreement with global e-commerce company eBay to provide financing services in Greater China. The company is expanding...
BOJ Gets Surge in Virus Loans

BOJ Gets Surge in Virus Loans, Signals Pause After Stimulus

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The Bank of Japan reportedly experienced a massive surge in virus loans following the launch of its new lending program, with as much as...
Shamrock Invests in Pixellot

Shamrock Invests in AI-Automated Sports Firm Pixellot

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Leading Israeli AI-automated sports production company Pixellot announced its successful investment round on Wednesday, June 24, 2020. The firm raised $16 million in funding...
Amalgamated Life Insurance Rebranding Initiative

Amalgamated Life Insurance Completes Rebranding Initiative

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New York-headquartered Amalgamated Life Insurance announced Tuesday about a rebranding initiative created by the firm, along with its affiliated companies. In a press release, the...
Billionaires Wealth Climb this Pandemic

Billionaires Witness 20% Wealth Climb this Pandemic

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According to the Institute for Policy Studies and Americans for Tax Fairness, the collective billionaires’ wealth in the United States surged to $584 billion...
UK Extends Credit Freeze

UK Extends Credit Freeze for Three Months

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The Financial Conduct Authority (FCA), the United Kingdom’s financial watchdog, has announced an extended credit freeze for another three months following the rise of...