FintechDaily – Page 259 – Fresh Dose of Fintech News

Zodia Market, Backed by Standard Chartered, Achieves FCA Registration

The Financial Conduct Authority (FCA) has approved the registration application of crypto brokerage Zodia Markets on the UK Financial Services Register, enabling the Standard Chartered-backed...

Crypto.com Secures License in Spain

Cryptocurrency platform Crypto.com has received virtual asset service provider (VASP) registration from the Bank of Spain. This approval enables the company to offer cryptocurrency trading...

ACI Worldwide Reports 10% of UK Adults Fall Victim to Digital Wallet Fraud

Research by ACI Worldwide reveals that one in ten UK adults has fallen victim to online fraud over the past four years. With the rise...

DBank in Pakistan Secures $17.6 Million in Funding

Dbank, a Pakistani fintech established by two former Google employees, has successfully raised $17.6 million in a seed funding round co-led by Sequoia Southeast Asia...

Portage Readies $1 Billion Late-Stage Fintech Fund

Fintech investor Portage is seeking to raise up to $1 billion for a new fund targeting late-stage startups. The fund will focus on "structured opportunities"...

UK Emerges as Europe’s Hub for Card Fraud

The UK has been identified as the card fraud capital of Europe, experiencing more victims and greater financial losses than any other country on the...

Umba Acquires Majority Stake in Kenyan Microfinance Institution

Umba, a digital banking firm based in Nigeria, has acquired a 66.6% stake in the Kenyan microfinance bank Daraja as part of its strategic expansion...

Robinhood Reduces Workforce by 150 Employees

Stock trading app Robinhood has laid off another seven percent of its workforce, approximately 150 employees, according to the Wall Street Journal. With trading volumes...

Grasshopper, the Digital Bank, Secures $30.4 Million in Funding

Grasshopper, a US digital bank catering to SMEs and entrepreneurs, has successfully raised $30.4 million in funding. Investors in this round include Patriot Financial Partners,...

Banks to Pay $1 Billion for Traders’ Use of WhatsApp

A group of Wall Street banks is bracing to each pay up to $200 million to settle cases with the Securities and Exchange Commission (SEC)...