Blocktrade, the gamified asset marketplace, has completed the sale of its proprietary Blocktrade Exchange Token (BTEX). The round, which ran from May 5th through May 18th, after a fully subscribed pre-sale earlier this year. The auction raised €4.5 million, thanks to the passionate involvement of over 1400 community members from 42 countries. “We are grateful…
As more companies and individuals utilize subscriptions and recurring payments, payment service providers will need to change how they store payment information. Joe Meuse, vice president of product at Spreedly, said in an interview: “No one likes to see a subscription that we use and depend on every day go dark because payment information was…
According to a Gallup study quoted in The Wall Street Journal last week (May 10), American consumers no longer place the same significance on inflation as they did a year prior, having decreased by 15 points. Additionally, consumers are becoming accustomed to high prices rising even further, leaving manufacturers and retailers with no motivation to…
Patient21, a German digital health startup, is expanding into new countries after receiving $108 million. On Monday, May 22, the company announced the specifics of its Series C funding round, claiming that the funds will be used to grow into new European markets and build up its software platform. Patient21, a 2019 company, combines traditional…
Online bank transfers have become popular for paying regular expenses due to their consistency and convenience of usage. One-quarter of customers who attempted online bank transfers, commonly known as pay by bank transfer, for the first time in the previous year, did so for a specific reason: they could earn reward points. 31% of millennials…
Wefox, a Berlin-based insurtech company, has secured $110 million to expand its insurance and distribution operations. This amount comprises $55 million in a revolving credit facility from J.P. Morgan and Barclays, as well as $55 million in equity obtained from current and new investors as part of the Series D’s second closing, according to a…
“It’s a huge next step in moving money globally, through apps, games, services, and the real world,” the company said on Monday (15 May). The change, according to Zebedee, allows video game, social media, FinTech, and AdTech platforms to easily include Bitcoin Lightning payments. According to the release, developers previously had to join up and…
According to a news release released on Monday (May 15), the combination of these characteristics results in Zip’s Intake-to-Pay, a single procurement platform that orchestrates spending from the initial request through spend approval, payment processing, and payments. “The launch of Zip Intake-to-Pay allows businesses to implement a holistic and easy-to-adopt procurement experience that requires no…
Digital wallets, as opposed to conventional bank accounts, are used by hundreds of millions of customers and organizations to conduct transactions globally. This is particularly true in emerging nations, where the widespread use of mobile devices provides a platform for moving away from cash and coinage. However, the transition from a cash-based to a digital…
While many brands and retailers continue to place large bets on China, Jessica Alba’s consumer packaged goods (CPG) firm The Honest firm is abandoning the country entirely, as well as Europe, in order to double down on key areas where the company is already booming. The business also stated that it will discontinue low-margin product…
