Freetrade, the smart app that makes investing easy for everyone, has defied the Covid-19 lockdown to raise £7m from more than 8,000 people. Working with Crowdcube, the company exceeded its £1 million target in just 4:33 minutes from existing shareholders before going on to raise £7m in five days. Freetrade’s fundraise is the largest equity crowdfunding campaign to be completed in the UK this year. 

A new study by Merchant Machine has analysed Europe’s leading cashless economies. The study highlights the countries where citizens would like to go completely cashless the most and who uses contactless payments the most. You can view the graphic here.

Worldline, the European market leader in payment and transaction services, today has published its ‘World after COVID-19’ report. 

The report highlights the trends of the worldwide pandemic, both the immediate impacts and the potential long-term impacts, and presents key takeaways that business leaders may use to start adapting their strategies now to the post pandemic world. 

Leading open banking infrastructure provider, Token.io, and Upco International Inc. (CSE: UPCO) (OTC: UCCPF) (Frankfurt: U06) (“Upco”), today announce that Token’s payments API will be integrated into Upco’s popular Mobile Messenger to power a suite of open banking payment services within the app.
 

NYMBUS®, a provider of the world’s most advanced financial services platform, today announced 

TORA, provider of the industry’s most advanced cloud-based and leading order and execution management system (OEMS), today announced two new additions Mark Mazor & Joe Zonenshine to the firm’s global outsourced trading team.

COVID-19 marks a really big change - and a very fast one.

Arcserve, LLC, the world’s most experienced data and ransomware protection provider, today announced an expansion of its alliance with Sophos, a global leader in next-generation cybersecurity, to introduce industry-first cyber and data protection for infrastructures with on-premises, cloud, and SaaS-based workloads.

Leading Saudi fintech company, Geidea launches BETA testing for its new and innovative range of SME products that will be available in September of this year.

With nearly 70% market share, Geidea is the number one payment provider to banks in Saudi Arabia, and is now targeting the SME market.

The Verizon Business 2020 Data Breach Investigations Report (2020 DBIR) shows that financial gain remains the key driver for cybercrime with nearly nine in 10 (86 percent) breaches investigated financially-driven. The vast majority of breaches continue to be caused by external actors - 70 percent - with organized crime accounting for 55 percent of these. Credential theft and social attacks such as phishing and business email compromises cause the majority of breaches (over 67 percent), and specifically: