Financial technology

Privco Enterprise Software Top 50

Tuesday, July 27, 2021 - 1:00pm

NEW YORK, July 27, 2021 /PRNewswire/ -- PrivCo, a New York based fintech company and leader in private market intelligence, today released its PrivCo Top 50 Enterprise Software ranking, a report measuring the business performance of private enterprise software companies in 2020. Categories include data management, infrastructure, cyber-security, development, e-commerce, and workplace productivity. Despite broad based cuts in spending, companies invested heavily in digital transformation while adapting to shifts in the workplace as a result of the pandemic. All companies were ranked based on a number of metrics including funding, market valuation, projected revenue, and growth.

Key Points: 
  • NEW YORK, July 27, 2021 /PRNewswire/ -- PrivCo , a New York based fintech company and leader in private market intelligence, today released its PrivCo Top 50 Enterprise Software ranking, a report measuring the business performance of private enterprise software companies in 2020.
  • Notable deals include acquisitions of Wrike, Aspect Software, and Blue Yonder, and IPO's by Squarespace, UiPath, Sprinklr, and QOMPLX.
  • "Our proprietary AI and our talented analysts produced the PrivCo 50 to highlight the rock stars of 2020.
  • It was a black swan year for so many privately held companies and yet the top 50 in enterprise software saw remarkable growth."

Applications Are Now Open for Xalles Studios Incubator Program

Tuesday, July 27, 2021 - 1:00pm

WASHINGTON, DC, July 27, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Xalles Holdings Inc. (OTC: XALL), a fintech holding company providing technology and financial services solutions, announces the launch of the Xalles Studio Incubator Program. The program is available for early-stage technology companies looking to reach the next significant financial transaction event.

Key Points: 
  • WASHINGTON, DC, July 27, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Xalles Holdings Inc. (OTC: XALL), a fintech holding company providing technology and financial services solutions, announces the launch of the Xalles Studio Incubator Program.
  • Xalles Studio is a part of Xalles Capital Inc., and the business model includes creating a portfolio of minority ownership stakes in a variety of fintech and other technology companies.
  • Through its incubator program, Xalles Studios connects early-stage technology companies with essential resources needed to launch, grow and succeed through mentorship, networking, capital access, business development and shared services that can be delivered globally.
  • Xalles will be announcing details of the new programs advisory team and the initial program participants in the coming weeks.

Delta Data’s 2021 CIT Industry Study Finds Future Growth Lies in Small Market Plans

Tuesday, July 27, 2021 - 1:00pm

The study found an industry drive towards the small plan, which is a change from the legacy business model on which the original CIT product was built.

Key Points: 
  • The study found an industry drive towards the small plan, which is a change from the legacy business model on which the original CIT product was built.
  • Delta Data is a fintech company providing infrastructure technology for the pooled investment industry.
  • Additionally, the drive to target smaller plans, enabled by utilization of counterparty communication technology, was identified as a driver for future growth.
  • A July 28, 2021 webinar analyzing results from the study includes participants from Delta Data, AON, Morningstar, NASDAQ and FIS.

Payfare Receives Visa Ready Certification

Tuesday, July 27, 2021 - 12:00pm

TORONTO, July 27, 2021 /PRNewswire/ --Payfare Inc. (TSX: PAY),a leading fintech powering instant payout and digital banking solutions for contract workers, today announced that it has been granted a Visa Ready certification through the Visa Ready for Fintech Enablers program.

Key Points: 
  • TORONTO, July 27, 2021 /PRNewswire/ --Payfare Inc. (TSX: PAY),a leading fintech powering instant payout and digital banking solutions for contract workers, today announced that it has been granted a Visa Ready certification through the Visa Ready for Fintech Enablers program.
  • The Visa Ready Fintech Enablement Program provides partners like Payfare with access to Visa's growing partner network through top of funnel awareness, go-to-market support to uncover new markets and newly launched Visa products and solutions.
  • With this certification, Payfare accelerates the expansion of its solution, furthering its mission to support financial health for the growing, global gig workforce.
  • "We are thrilled to join the ranks of the innovative fintechs who are certified by Visa," said Marco Margiotta, CEO and Founding Partner of Payfare.

Israeli FinTech is Booming: H1/2021 Investments climb by 260% compared to H1/2020

Tuesday, July 27, 2021 - 11:05am

TEL AVIV, Israel, July 27, 2021 /PRNewswire/ -- Start-Up Nation Central - the independent not-for-profit organization connecting global corporations, investors, and governments to the Israeli tech innovation ecosystem - today revealed that Israel's FinTech sector experienced a record-breaking first half of 2021 in terms of Venture Capital investments.

Key Points: 
  • Investors' interest in Israeli FinTech was also expressed in the number of the sector's funding rounds.
  • With a total of 68 rounds halfway through the year, 2021 is already nearing the 2020 total of 74.
  • Over the last two years, 70% of Israeli FinTech funding was funneled into three prominent subsectors: Payments, Anti-fraud and Insurtech.
  • COVID-19 drivers aside, Israeli FinTech companies have grown rapidly and globally, building commercial partnerships and contributing significant technology to payments and enterprises.

Israeli FinTech is Booming: H1/2021 Investments climb by 260% compared to H1/2020

Tuesday, July 27, 2021 - 11:03am

Investors' interest in Israeli FinTech was also expressed in the number of the sector's funding rounds.

Key Points: 
  • Investors' interest in Israeli FinTech was also expressed in the number of the sector's funding rounds.
  • With a total of 68 rounds halfway through the year, 2021 is already nearing the 2020 total of 74.
  • Over the last two years, 70% of Israeli FinTech funding was funneled into three prominent subsectors: Payments, Anti-fraud and Insurtech.
  • COVID-19 drivers aside, Israeli FinTech companies have grown rapidly and globally, building commercial partnerships and contributing significant technology to payments and enterprises.

Powerbridge Technologies to Build a Supply Chain Management SaaS Platform Based on Blockchain Technology

Tuesday, July 27, 2021 - 11:00am

ZHUHAI, China, July 27, 2021 /PRNewswire/ -- Powerbridge Technologies Co., Ltd. (Nasdaq:PBTS) ("Powerbridge" or the "Company"), an innovative technology services provider, revealed that the Company is currently building a Blockchain enabled Supply Chain Management SaaS Platform, embracing Blockchain technology to optimize and integrate traditional supply chain systems.

Key Points: 
  • ZHUHAI, China, July 27, 2021 /PRNewswire/ -- Powerbridge Technologies Co., Ltd. (Nasdaq:PBTS) ("Powerbridge" or the "Company"), an innovative technology services provider, revealed that the Company is currently building a Blockchain enabled Supply Chain Management SaaS Platform, embracing Blockchain technology to optimize and integrate traditional supply chain systems.
  • Powerbridge Technologies is an innovative technology company focusing on providing AI, loT, Blockchain, and financial technologies, as well as SaaS solutions and operational services in various fields such as cross-border trade, smart cities and government services.
  • Stewart Lor, President and Chief Financial Officer of Powerbridge, commented: "We hope that through our Blockchain management platform, Blockchain technology can be applied into more practical scenarios and deeply integrated with businesses.
  • Powerbridge will also extend its application to supply chain financial technology and other fields in the future."

Wa’ed Selects HES FinTech as Software Vendor

Tuesday, July 27, 2021 - 9:10am

Waed , the entrepreneurship arm of Aramco, has signed a contract with HES FinTech lending software provider to automate financial operations at the company.

Key Points: 
  • Waed , the entrepreneurship arm of Aramco, has signed a contract with HES FinTech lending software provider to automate financial operations at the company.
  • In 2021, Waed started searching for a software vendor to automate loan granting.
  • We have placed our trust in HES FinTechs expertise to develop lending software and predictive analytics software for our financial services.
  • Join a free live demo to discover the opportunities HES FinTech brings for your lending business.

Yamgo Announces Former Wowcher CTO Jason Green as New Board Member for Rewards Platform

Tuesday, July 27, 2021 - 7:00am

SWANSEA, United Kingdom, July 27, 2021 /PRNewswire-PRWeb/ -- Yamgo , a new rewards platform that leverages blockchain and DLT to reward users with money-like crypto assets, has announced the appointment of Jason Green as a Non-Executive Board Member for Yamgo.

Key Points: 
  • SWANSEA, United Kingdom, July 27, 2021 /PRNewswire-PRWeb/ -- Yamgo , a new rewards platform that leverages blockchain and DLT to reward users with money-like crypto assets, has announced the appointment of Jason Green as a Non-Executive Board Member for Yamgo.
  • Discussing the new appointment Yamgo CEO Ian Mullins commented "We are pleased to have Jason join our board.
  • Jason will bring a wealth of experience and knowledge that will play a key role in the strategic growth of Yamgo.
  • Currently the CEO & Co-Founder of HolidayFox, Jason has spent most of his career working as CTO across hyper-growth platform businesses including Dawanda, Brainly, Wowcher & Living Social and Wimdu.

DGAP-News: Cryptology Asset Group PLC: Cryptology 1 to 20 share split to be executed with effect from July 27, 2021

Tuesday, July 27, 2021 - 7:00am

Cryptology Asset Group PLC: Cryptology 1 to 20 share split to be executed with effect from July 27, 2021

Key Points: 
  • Cryptology Asset Group PLC: Cryptology 1 to 20 share split to be executed with effect from July 27, 2021
    The issuer is solely responsible for the content of this announcement.
  • Cryptology 1 to 20 share split to be executed with effect from July 27, 2021
    Malta, 27.07.2021.
  • (ISIN: MT0001770107; Ticker: CAP) will be converted as of Tuesday, July 27, 2021, in accordance with the approved 1 for 20 share split.
  • Cryptology Asset Group (ISIN: MT0001770107; Ticker: CAP:GR) is a leading European investment company for crypto assets and blockchain-related business models.