Since its inception in 2013, the cryptocurrency industry has expanded to become a very large and successful industry. The amount of money that investors invested on various cryptocurrency platforms kept rising, and they earned a sizable share of their profits. Bitcoin was the first digital asset since its inception to create the current cryptographic ecosystem. In the immediate aftermath of the 2008 financial crisis, a whitepaper describing the technology was published, marking the small beginning of the cryptocurrency revolution.

Electric Life, part of the 

Ecospend, the UK’s leading Open Banking payment provider, today announces that more than 94,000 customers have used its 'Pay-by-Bank' technology to make £123 million in Self-Assessment payments via the HMRC app since February 2022. Ecospend’s partnership with HMRC marked the first time that an Open Banking payment method had been embedded within a government department’s system.

Business funding provider Accelerated Payments today announced it has advanced in excess of €1 billion worth of invoice financing on its fifth anniversary. The milestone comes as the fast growing fintech doubles its work force and extends its global reach, with offices in Europe, the UK, Canada and the USA. 

Provenir, a global leader in data and AI-powered risk decisioning software, announced today that Quick Finans, a consumer finance company located in Turkey, has selected Provenir’s AI-Powered Data and Decisioning Platform to quickly approve and onboard new customers.

Dubai Investments PJSC [DIC], the leading investment company listed on the Dubai Financial Market [DFM] has acquired a 9% equity stake in Monument Bank Limited, a UK Based Digital Bank regulated by the Financial Conduct Authority (UK) and the Prudential Regulation Authority (UK).

From this year, Chile has had a new law to regulate and promote the Fintech industry. And so that the information is readily and quickly available to foreign investors, InvestChile has published its new e-book "Fintech Law: Keys to the new regulations for the sector in Chile." 

New spend data from payment and cashback app, Cheddar, reveals that UK consumers remain committed to spending on their health and well-being in the new year, despite cost of living pressures. 

A new report released has claimed that the UK, the first mover and, until now, seen as a global leader in Open Banking will lose that leadership position this year unless drastic action is taken.

Today the British Business Bank publishes a list of 53 additional companies in which the Future Fund holds an equity stake, taking the total to 515 as at the end of December 2022.

Launched on 20 May 2020, and open for applications until 31 January 2021, the Future Fund issued 1,190 companies with Convertible Loan Agreements worth £1.14bn in total. Third-party investors were required to at least match the Future Fund’s investment.