Digital Asset Management Platform Haruko Raises $6M Series A
Weekly news up to Tuesday, 16th of July 2024.
👀 NEWS HIGHLIGHT
Digital asset investment management platform Haruko announced a $6 million Series A funding round as it expands into Southeast Asia and further consolidates its global presence.
Founded in 2021, Haruko’s tech supports institutions deploying capital across the digital asset ecosystem, through the consolidation of positions across exchanges, on-chain and OTC activity with access to real-time and historical pricing, risk and P&L reporting. This facilitates effective treasury management, compliance, investor reporting and financial controllership functions.
📰 ARTICLE OF THE WEEK
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🌎 FINTECH HIGHLIGHTS
⭐️ What if fraud attempts could be out of your way?
⭐️ Solaris SE faces financial penalties if it doesn’t meet deadlines for fixing controls, after failing to do so for years.
⭐️ MoonPay Plans to Expand in London, Citing UK’s ‘Talent Density’.
⭐️ Stripe Valuation Hits $70 Billion in Sequoia Deal.
FINTECH
Divido, a London-based FinTech company backed by HSBC, has gone into administration, according to a notification on their website. Their white-label platform is used by banks, lenders, and enterprise merchants to launch embedded retail finance solutions.
Fairlo, the consumer credit FinTech, has announced that it has received B Corp certification, joining a global movement of businesses dedicated to fostering an inclusive, transparent, and sustainable economy.
Adyen, in collaboration with Mastercard, will support Tot in managing business expenses. Through this collaboration, we will assist companies in their administrative management by providing a tool that enables entrepreneurs to simplify business expense management and enhance the autonomy of their collaborators.
Nuvei introduces off-ramping of Digital Assets to cards via Mastercard Move in Europe. This new functionality provides a bridge between digital and traditional finance that can be spent via Mastercard's global network.
Investing platform and provider of equity crowdfunding services Seedrs announced that it will officially start trading as Republic Europe. The platform will also support ambitious entrepreneurs in all sectors to raise capital from their communities, angels, and institutional investors.
PAYMENTS
Ecommpay works with PayPal to enable subscription payments. There has been a growing demand from Ecommpay’s clients to introduce a feature to allow them to process recurring payments, providing an additional revenue stream for these merchants.
PayPal fined $27.3 mln by Polish watchdog for ambiguous clauses. Poland's antitrust and consumer protection watchdog imposed a fine of 106.6 million zlotys ($27.3 million) on PayPal Europe for failing to spell out to consumers in its contractual clauses activities for which they may be fined.
Volante Technologies, announced that Azqore, a business and technology partner for wealth managers, has selected Volante’s Payments as a Service (PaaS) to deliver SEPA instant payments and ISO 20022 messaging services to its customer base.
UK-based FinTech Adfin wants to fix bill payments for sole traders and small companies. The process of getting paid for work for small businesses and sole traders like lawyers, accountants, consultants, tradespeople and so on typically entails sending the customer an invoice with your bank information.
European Taxi App FREENOW has integrated Alipay+ cross-border mobile payment solutions with its taxi cab services in seven European countries: Spain, Germany, Ireland, Italy, France, Greece and Austria.
Payset, an online payments platform that provides a diverse suite of payment solutions for both individuals and companies, has partnered with ClearBank, the enabler of real-time clearing and embedded banking for financial institutions, to allow it to access the UK payment system for both local and cross-border transactions.
REGTECH
IDnow introduces two new eSignature products. InstantSign empowers financial businesses to innovate friction-heavy and lengthy signing processes, such as loan contracts, by way of a reusable identity.
CRYPTO
Italy lays out MiCA guidelines for operating crypto companies. Fabio Panetta, Governor of the Bank of Italy and Board of the European Central Bank, revealed that MiCA regulations may come into conflict with existing Italian financial laws.
Crypto payment service Payeer hit with record $10M fine in Lithuania. The government agency claimed that Payeer violated Anti-Money Laundering regulations and allowed customers to transfer money to sanctioned banks.
DONEDEAL
Berlin-based brokerage-as-a-service platform lemon.markets has raised €12 million in a funding round led by CommerzVentures. Lemon.markets provides digital brokerage and custody infrastructure, enabling any company to offer investment products.
MOVERS & SHAKERS
Big change in the authorities of Blik. The shareholders' meeting of Polski Standard Płatności (PSP), the operator of the Blik Payments System, has changed the composition of its supervisory board.
BUX Names Nontya Mtshaulana New Chief Risk & Compliance Officer amid Acquisition. Mtshaulana is a Chartered Accountant and CFA Charterholder and will bring over 15 years of experience to her new role at BUX.