FintechDaily – Page 262 – Fresh Dose of Fintech News

Celsius Founder Taken Into Custody on Fraud Allegations

The former CEO of cryptocurrency lending platform Celsius Network, Alex Mashinsky, has been arrested on federal fraud charges. He faces allegations of securities fraud, wire...

Upper90 Secures $180 Million for New Credit and Equity Fintech Fund

Upper90, a hybrid fund that offers customized credit and equity solutions to e-commerce, fintech, and supply chain finance startups, has successfully raised $180 million in...

Visa Tokens Surpass Physical Cards in Circulation

Visa has announced the issuance of its four billionth network token for e-commerce payments, surpassing the total number of physical cards in circulation globally. The...

CommBank’s x15 Venture Scaler Invites Founders to Innovate the Future of Payments

Commonwealth Bank’s venture-scaling arm, x15ventures, is inviting founders who are innovating the future of payments to participate in its next 'Xccelerate' programme. The Xccelerate 2022...

Samir Desai Launches Exciting New Venture Offering Exceptional Savings for Shoppers and Businesses

Super, a new shopping superapp founded by Samir Desai, who previously led Funding Circle, has opened a waiting list for potential customers. The app aims...

Block Facing Lawsuit Due to Cash App Breach

Block is currently facing a class action lawsuit regarding a data breach involving Cash App Investing, which affected 8.2 million customers last year. In April,...

Portrait Analytics Secures $7 Million to Launch New AI Research Platform

Portrait Analytics, the startup behind a generative AI research platform for investment analysts, has successfully raised a total of $10 million, led by Unusual Ventures....

Mortgage Lending Startup Perenna Introduces Lifetime Fixed Rates

Digital mortgage lender Perenna has opened its waiting list following the award of a restricted banking licence by UK regulators. The startup was founded by...

UK Mandates Crypto Exchanges to Report Violations of Sanctions

Crypto exchanges operating in the UK will encounter heightened reporting requirements regarding sanctions breaches following new regulations implemented in response to Russia's war in Ukraine....

Arc, a Startup Finance Platform, Secures $20 Million in Funding

San Francisco-based startup finance platform Arc has secured $20 million in a funding round led by Left Lane Capital. Founded in 2021, Arc transforms startups'...