Global investment institution Lighthouse Canton led the venture debt funding round of INR 24 Cr in LoanTap through its venture debt fund, a Category – II Alternative Investment Fund (AIF). As part of the funding, LoanTap has received one of the first cheques for its unique digital lending platform, LTFLoW. Lighthouse Canton’s total share in this round amounts to INR 15 Cr, among other investors. 

Member Access Processing (MAP), the nation’s leading provider of the Visa DPS Debit, Credit, ATM, Prepaid, and Mobile Processing platform to credit unions, today announced it has promoted two officers to its Executive Leadership Team. Jeff Sims has been named Chief Financial Officer and Tim Bornemeier has been named Chief Implementation Officer. The two will serve as strategic leaders and provide new insights as part of the company’s eight-member Executive Leadership Team.  

TrueLayer, Europe’s leading open banking platform, has today announced a partnership with the UK credit management app Incredible, which will now provide variable recurring payments (VRPs) for its customers. 

The global digital payments market is expected to grow to $19.89 trillion by 2026, a massive uptick from 2018 when revenue stood at $3.53 trillion. This expansion is also being witnessed in the instant payments area, which, while smaller, is growing at a rate of around 18%.

Conferma Pay and 

Already in the middle of February 2022, the shareholder and the chairman of the Supervisory Board of IBOX BANK, Alona Shevtsova, congratulated her team on reaching the Top 20 financial institutions in Ukraine.

Almost half of the 20,000 US companies created on Stripe’s Atlas incorporation platform alone (of which almost 10,000 were formed in the year leading up to June 2021) were created by non-US-based founders.

The NEAR Foundation and the NYU School of Professional Studies (NYU SPS) Preston Robert Tisch Institute for Global Sport today announced a collaboration

Intergiro, a Swedish business account provider and payment processor, has announced that it will offer free banking services to merchants who open a merchant business account with the company. This move comes in response to rising inflation rates and uncertain market conditions, which places pressure on businesses to reduce costs.

As anticipated, it has been an incredibly active year for regulation and financial crime related to virtual assets (see our previous alert from January 2022).