As of December, Klarna had 150 million consumers and 500,000 retail partners worldwide. The existing partnership between the two companies supported interest-free Pay Now and Pay Later options for Adyen customers. Focusing on a new strategy, this refreshed agreement establishes Adyen as an acquiring bank on behalf of Klarna. It will come into effect in…
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This membership with the FIA, established in 1955, is a strategic step for Plus500. The FIA advocates for the futures, options, and derivatives markets and includes various members such as futures commission merchants, principal traders, clearing firms, exchanges, and trading firms. Plus500's membership aligns them with other significant market players in these fields. David Zruia,…
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The company's impressive financial results underscore its commitment to providing innovative solutions to its growing customer base. In the latest financial highlights, UP Fintech witnessed a remarkable 26.6% year-over-year increase in total revenues, reaching an impressive $70.1 million. Meanwhile, net revenues also experienced notable growth, rising by 13.5% to $58.0 million. The standout achievement, however,…
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Santander (SAN.MC) owns the majority stake in Ebury. At a funding drive last year, it increased this control to 67%. Presently, Ebury, a UK-based firm, is valued at £900m. Ebury specialises in payments, cash management, and business-based trade finances. Lobato further said the company’s latest financial results, which will be published soon, reflect spiked growth.…
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Rolandas Juteika, Head of Wealth and Trading (EEA), noted that the FinTech company works continuously to make investing and trading accessible to all members of society. Juteika stated: We want to bring our customers easy access to companies that are closer to them. From Adidas to Zalando, our customers can now invest in well-known European…
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On Tuesday, LiquidityBook officially rolled out its newly enhanced trading tech platform with various in-demand functionalities. B2B clients can now access new workflows for LBX Sell-Side and LBX Buy-Side products and dig into useful features such as shadow Net Asset Value (NAV) capabilities. Portfolio management has been LiquityBook’s forte for almost two decades since its…
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Authorities believe Binance assisted and is assisting Russians to transfer funds out of Russia, despite the company’s claims that it stopped all operations in this country. This crypto exchange also stressed its support of Western-based sanctions against Russia after it invaded Ukraine. To align its activities with the said sanctions, Binance said it had limited…
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As Fundrise did not require the influencers and newsletters to provide specific disclosures, the investment adviser went against US law. In its filing, the SEC specifically noted the lack of these disclosures in the Fundrise brochure. The company consented to pay a civil penalty of $250,000. In a statement, SEC commented: Fundrise consented to the…
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Spurs chose AstroPay, a leading fintech company in the global arena of digital payments, based on the scope of its loyalty and rewards platforms. This partnership launches a one-of-a-kind Spurs-branded prepaid card that will enable holders to unlock doors to unique benefits and rewards. Fans collect AstroPoints when using this prepaid card and other AstroPay…
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The acquisition payment will be facilitated through the issuance of an initial set of 3,938,294 ordinary shares, valued at 1 pence each, in Equals Group plc. Further sets of 61,706 shares, and potentially up to 1,000,000 shares (depending on specific conditions), will be issued over the next six months. Ian Strafford-Taylor, CEO of Equals, said:…
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