The UK-based WealthTech company Avenir has just closed an impressive pre-seed funding round, securing a substantial $530,000. This investment drive, following their participation in the ABN AMRO + Techstars Future of Finance accelerator program, signals strong market confidence in Avenir’s innovative vision. Headed by CEO Jeremy Bensoussan, Avenir is setting its sights on revolutionizing the wealth management industry by introducing
In today’s tech-savvy world, identity theft is a rampant issue, striking every few seconds. As a safeguard, Mastercard has teamed up with PXP Financial to incorporate the Mastercard Digital Enablement Service (MDES) to bolster security in card transactions. This advancement not only ensures convenience but also fortifies safety, giving consumers the confidence to make digital payments. The collaboration is a
In the dynamic world of insurance management platforms, Novidea has taken a significant leap forward. Its recent financial milestone was marked by a $30 million infusion from HarbourVest Partners, bolstering their Series C to a hefty $80 million. This influx of capital is a testament to Novidea’s growing influence in the insurtech domain, as they set sights on expanding their
In an exciting evolution for composable commerce, Spryker has announced a key partnership with Stripe that marks a transformative step for e-commerce capabilities. This strategic collaboration weaves Stripe’s sophisticated payment infrastructure into the fabric of Spryker’s dynamic commerce platform. What emerges is a potent solution ready to address the volatile shifts in market landscapes with agility and precision. Leveraging Spryker’s
The finance sector is poised for a seismic shift, with Ethereum at the forefront of blending state-of-the-art blockchain tech with the structured realm of Exchange Traded Funds (ETFs). Ethereum ETFs serve as a novel gateway for investors to harness Ethereum’s market potential without the complexities of direct cryptocurrency ownership. This innovation paves the way for accessible investment in digital currencies,
The financial sector is amidst an evolution, spurred by the digital era’s demand for more advanced payment systems. PayDo leads this insurgence, transforming how money moves with its robust API service. This platform unites under one roof the efficiency of major payment systems like SEPA, SEPA Instant, FPS, and SWIFT. By unlocking barriers to digital finance, PayDo is innovating the
Australia stands on the brink of a financial evolution with the introduction of its first spot Bitcoin Exchange Traded Fund (ETF), an innovative vehicle poised to launch by July 2023. Spearheaded by Monochrome Asset Management, this move comes on the heels of similar products carving out success in the United States earlier in 2023. With approvals from the Australian Securities
In a significant move for the global economy’s digital heartbeat, financial giant Visa has partnered with fintech innovator Skipify. This collaboration heralds a transformative era for online shopping, prioritizing swift and secure transactions. Visa’s expansive network and financial clout, combined with Skipify’s technological prowess, promise a renaissance in e-commerce efficiency and security. The alliance is envisioned to streamline shopping experiences,
Robinhood’s launch in the UK heralds a transformative moment for British investors. This shift to commission-free trading breaks from the traditional model, characterized by fees that diminish returns. British traders can now access a vast array of over 6,000 global stocks without worrying about commissions or currency conversion fees. This move is a game-changer, potentially upending the UK brokerage industry’s
Belong has set out to transform how millennials approach wealth creation, launching with an unprecedented £2.95 million pre-seed investment, the highest for female founders in Europe. Led by Avion Gray and Samantha Rosenberg, this sizable initial funding highlights the confidence investors have in Belong’s vision. Far from being just an investment portal, Belong seeks to empower a generation with the
Industrial Thought, a major player in finance and consultancy, has taken a significant step toward tackling greenwashing by injecting £100K into Integrum ESG. This investment aims to shake up the WealthTech sector by enhancing the depth and clarity of Environmental, Social, and Governance data. Integrum ESG’s unique ‘glass-box’ model provides much-needed transparency in ESG risk assessments, a crucial tool for
With a fresh $1.25 million investment, CrashBay is revolutionizing the auto collision repair industry. Spearheaded by CEO John Harvey, this cutting-edge digital platform is expanding its reach and services. Backed by venture capital from Markd and with the support of influential players in the collision and insurance industries, CrashBay sets its sights on groundbreaking service improvements and customer engagement. Its
