Markets

Mnaara.com, a fintech company based in London, has secured $500,000 in a pre-seed funding round. Investors across the Middle East, Singapore, the United Kingdom, and the United States led the funding round. Mnaara raises $500,000 in a pre-seed round Mnaara.com...

SphereX has raised $8.2 million in a seed funding round led by Aleph. The company secured this funding at a valuation of $24 million. The other investors participating in the funding round include Fabric Ventures, Mensch Capital Partners, and Pillar...

US regulators have been imposing multi-million dollar fines against banks for unofficial use of communication platforms such as iMessage and WhatsApp. The latest banks to be slapped with the fine are BNB Paribas and Wells Fargo. US banks face multi-million...

Bud Financial Limited has launched on the Google Cloud partner directory. The company's presence in this directory will allow companies working with Bud to access the benefits of Google Cloud. It will also ensure that the current and future clients...

The European Banking Authority (EBA) published a report after conducting a mystery shopping exercise involving personal loan and payment accounts. The recent report added to an earlier study on charges that the agency published towards the end of 2022. EBA...

The Cyprus Securities and Exchange Commission (CySEC) has launched a probe into the Ayers Alliance amid links to the potential violations of the existing regulatory framework. The CySEC initially took action against the Ayers Alliance in April 2022, but the...

The US Securities and Exchange Commission (SEC) has secured a temporary asset freeze order against Digital Licensing Inc, which operates as DEBT Box. The commission has frozen the assets belonging to this firm amid allegations of cryptocurrency fraud amounting to...

Saxo Bank has reported its financial results for July. The results show a plunge in foreign exchange (FX) trading volumes during the month. The monthly volumes posted during the period dropped to $112.9 billion, a notable increase from the $119.5...

Multi-asset brokerage company, CFI Financial Group, has expanded its investment across European football. The brokerage company has heavily invested in Middle East sports and is now looking to grow its brand in the European market by securing partnership deals with...

Card payments giant Mastercard has launched the Cardholder Verification Code (CVC)-less online transactions for its credit and debit cardholders. This offering will be available for cardholders with tokenized cards across merchant platforms. Mastercard unveils CVC-less online payments for debit and...

Tradeslide Trading Tech Limited, which operates the Darwinex brand across the UK, has filed an annual report for the financial period ending December 31, 2022. The brokerage platform reported a nearly 70% profit increase during the period. The profits reported...

Israeli startup known as Vesttoo has announced a plan to lay off around 150 employees. These employees account for 75% of the company's entire workforce. The majority of employees at the company work at its headquarters in Israel. Vesttoo to...

A New York resident has pled guilty to being involved in the 2016 hack against the Bitfinex exchange. The hacking campaign against Bitfinex resulted in the loss of Bitcoin, valued at $4.5 billion. The individual had been accused of laundering...

Deutsche Borse Group, one of the leading global market infrastructure providers, is set to acquire the remaining shares at FundsDLT. This acquisition will be closed by the fourth quarter of 2023 or the first quarter of 2024 if it gains...

Pockit, a financial app catering to people with limited access to traditional banks, has announced raising $10 million in a funding round. The funding round brings the total funding raised by the company since its inception to around $50 million....