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04/11 – Weekly Fintech Recap

Partnerships 

NEAR Wallet Users Soar to 20+ Million Thanks to Groundbreaking Partnership with SWEAT Economy

Saturday, November 5, 2022 - 16:02
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Financial IT
Cinchy Announces $14.5 Million Series B Funding Led by Forgepoint

Cinchy, the pioneer of dataware technology and leader of data liberation, today announced a $14.5 million USD Series B financing round led by Forgepoint Capital. Forgepoint Managing Director Leo Casusol will join Cinchy’s Board of Directors, while Reynaldo Kirton comes on board as an advisor.

Friday, November 4, 2022 - 13:08
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/news/fundraising-news/cinchy-announces-145-million-series-b-funding-led-forgepoint
Financial IT
NEAR Wallet Users Soar to 20+ Million Thanks to Groundbreaking Partnership with SWEAT Economy

NEAR Foundation, the Swiss non-profit supporting the governance and development of the NEAR protocol, today announced a tenfold increase in the number of NEAR Wallet users since the start of this year, rising from 2 million to over 20 million.

Friday, November 4, 2022 - 13:01
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/news/e-wallets/near-wallet-users-soar-20-million-thanks-groundbreaking-partnership-sweat-economy
Financial IT
Yabx Enters Nigeria to Democratise Credit Across the Country

Yabx, a FinTech venture headquartered in the Netherlands, today announced its foray into Nigerian markets with a mission to democratize credit across the country with its digital lending offerings.

Friday, November 4, 2022 - 12:56
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/news/lending/yabx-enters-nigeria-democratise-credit-across-country
Financial IT
Asian Fintech iLex Passes $10B Assets Milestone

iLex, a Platform-as-a-Service fintech that designs, builds and operates digital market infrastructures for the US$6 trillion syndicated loans and private credit market, announced today that it has US$10 billion of assets listed on its platform.

The number of market participants across APAC and EMEA on iLex has also tripled in the last year.

Friday, November 4, 2022 - 12:43
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/news/asset-management/asian-fintech-ilex-passes-10b-assets-milestone
Financial IT
Bakkt to Acquire Apex Crypto

Bakkt Holdings, Inc., a digital asset platform that unlocks crypto and drives loyalty to create delightful, connected experiences for a broad range of clients, has signed a definitive agreement to acquire Apex Crypto, LLC from Apex Fintech Solutions, Inc. This acquisition is expected to significantly bolster Bakkt’s cryptocurrency product offering and expand its footprint into additional client verticals including fintechs, trading app platforms, and neo-banks.

Friday, November 4, 2022 - 10:59
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/news/cryptocurrencies/bakkt-acquire-apex-crypto
Financial IT
8 Climate Fintechs Selected for World’s First Dedicated Incubator in the Nordics & Baltics

8 startups from 6 countries from over 100 applications were selected for the inaugural Climate Fintech incubation program across the Nordics & Baltics by F10, the leading innovation ecosystem powering the future of finance.

Friday, November 4, 2022 - 10:45
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Financial IT
Three-quarters of European Banks to Move Parts of Payments Value Chain to SaaS in Next Five Years

A new study from Tietoevry Banking reveals that European banks will accelerate outsourcing in response to the rapidly changing end-user payment pattern and competitive landscape.

Friday, November 4, 2022 - 10:29
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/news/banking/three-quarters-european-banks-move-parts-payments-value-chain-saas-next-five-years
Financial IT
Win An All-Expense Paid Trip to Dubai & Experience Burj Khalifa With Simpl

India’s favourite checkout partner Simpl brings a once-in-a-lifetime opportunity to Experience Dubai Like Never Before. Visitors to the Zomaland’22 carnival to be held in Pune now stand a chance to win an all-expenses paid trip to Dubai and stay at the Burj Khalifa. Simpl is the preferred payments partner for Zomaland’22 from Zomato powering India’s grandest food and entertainment carnival in Pune on November 5 & 6 at Mahalakshmi Lawns.

Friday, November 4, 2022 - 10:18
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/news/payments/win-all-expense-paid-trip-dubai-experience-burj-khalifa-simpl
Financial IT
impak Ratings Acquires Exerica, a London-based Fintech Data Extraction Firm

impak Ratings, a leading impact analysis and ratings fintech, acquires 100% of London-based Exerica’s assets to expand its AI capabilities. Exerica’s entire team will be integrated into impak’s production processes along with its proprietary AI data extraction and contextualization software. This will increase production capacity for impak’s high-quality impact assessments, including its entry-level SDG Alignment and SFDR products, now available as Freemium offerings.

Friday, November 4, 2022 - 10:12
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/news/data/impak-ratings-acquires-exerica-london-based-fintech-data-extraction-firm
Financial IT

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