Wise Expands its Services to Mexico
Money transfer giant Wise has launched its services in Mexico, aiming to enter another lucrative market. A survey conducted by Edgar, Dunn & Company on...
Barclays Discontinues Rise Fintech Accelerator Program
UK bank Barclays is closing its fintech accelerator programme, Rise, which has been in operation for the past ten years. As first reported by Axios,...
Cedar Money Secures $9.9 Million for Its Stablecoin Payments Platform
Cedar Money, a cross-border stablecoin payments platform, has successfully secured $9.9 million in a seed funding round, with QED Investors leading the investment. North Island...
European Fintech Investment Sees 10% Boost in 2024
European fintech investment saw a significant increase of 10% in 2024, reflecting growing confidence in one of the continent's leading tech sectors. Funding rose from...
UK Unveils New Framework for AI Regulations
The UK government has unveiled its plans to regulate artificial intelligence (AI), signaling a shift away from the EU's strategy that aims to establish a...
CFPB Directs Wise to Pay More Than $2 Million
Money transfer platform Wise has been fined $2.025 million by the Consumer Financial Protection Bureau (CFPB) for misleading customers regarding fees and charges. The CFPB...
US Asset Managers Submit Applications to SEC for Bitcoin ETFs
The ongoing effort to persuade the SEC to approve crypto investment products is gaining momentum, as several of the country's largest asset managers—BlackRock, WisdomTree, and...
Fintech Startup Wyzr Secures £400,000 Investment from NatWest’s Dragon’s Den
Wyzr, a fintech startup focused on developing an AI CFO product for small businesses, has secured £400,000 following a pitch event reminiscent of Dragon's Den,...
Kraken Introduces New Cryptocurrency Payments Service
Crypto exchange Kraken has launched a new payments service, allowing users to send over 300 different fiat and digital currencies to friends and family worldwide....
NatWest Backs AI Startup Focused on Addressing Financial Vulnerability
NatWest Group has made a minority investment in Serene, an early-stage AI platform focused on addressing financial vulnerability. The platform utilizes real-time customer insights powered...