News

Jumio Acquires 4Stop For End-To-End Identity Solutions

US-based online mobile payments and identity verification company Jumio is acquiring strategic partner and KYC, compliance and fraud prevention solution provider 4Stop. The deal is expected to close early next year. The acquisition of the Germany-headquartered company will help Jumio

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Republic to Acquire Seedrs in US$100 Million Deal to Expand Its Europe Footprint

US-based private investment platform Republic will be acquiring European online private investment platform Seedrs for about US$100 million. The deal is expected to close in early 2022. The deal also saw participation from global institutional investment management firm Davidson Kempner

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Moody’s Acquires Passfort and 360kompany to Boost Its Onboarding Solutions

Global integrated risk assessment firm Moody’s Corporation is acquiring two European providers of onboarding and Know Your Customer (KYC) technology solutions. Moody’s has completed the acquisition of PassFort Limited and has signed an agreement to acquire 360kompany AG (kompany), according

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Colombia Fintech: Underdeveloped Wealthtech, Banking Tech Sectors Are an Opportunity

In Colombia, underdeveloped fintech segments including investment management/wealthtech and banking infrastructure represent a market opportunity for Swiss fintech companies, which have over the years build up expertise and competencies in both areas, a new report by Swiss governmental agency Switzerland

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Blockchain.com Acquires Argentinian Crypto Company Sesocio

Blockchain.com has acquired SeSocio, one of the largest crypto companies in Argentina and one of the most prolific across Latin America. With its largest acquisition to date, Blockchain.com accelerates its rapidly growing footprint across Latin America, armed with a team

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In Guatemala, Incumbents Tap Fintech Specialists to Ramp up Tech Capabilities

In Guatemala, incumbent banks are teaming up with fintech startups to benefit from their technological advancements, enable a seamless digital customer experience and access new market segments. Banco de los Trabajadores (Bantrab) is among the prominent financial group in the

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Former Citi Exec Launches US$1.5 Billion Crypto Investment Vehicle

Founded by former Citi’s head of structured products Matt Zhang, crypto-focused investment firm Hivemind Capital Partners has launched its debut US$1.5 billion multi-strategy investment venture for the blockchain and digital asset ecosystem. The New York-headquartered firm will invest in crypto companies,

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Digital Currency Group to Move Headquarters From NYC to Stamford

Bitcoin and blockchain investor Digital Currency Group (DCG) will be relocating its headquarters from New York City to Stamford, Connecticut. The office of the Governor of Connecticut Ned Lamont announced that the move is expected to create over 300 jobs

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Mastercard to Extend Real-Time Payments to Latin America With Arcus Acquisition

Mastercard has acquired Mexico-based Arcus Financial Intelligence to support bill pay solutions and other real-time payment applications across Latin America. Arcus provides bill pay and cash-in, cash-out services for billers, retailers, fintechs and traditional financial institutions in the US and

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Crypto Payments Infrastructure Provider MoonPay Bags US$555 Million Series A

MoonPay, a crypto payments infrastructure provider, announced it has closed a $555 million Series A financing round led by Tiger Global Management and Coatue, bringing its post-money valuation to US$3.4 billion. The funding round also saw participation from Blossom Capital,

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