Author: hjenkins42

Experian has agreed to acquire a majority stake in Brazil-based MOVA Sociedade de Empréstimo entre Pessoas S.A. (MOVA) for $7.89 million (R$40 million). Experian will take a 51% stake in MOVA today, with the option to acquire the remainder of the company between 2026 and 2028. Experian is interested in P2P lender MOVA because it has…

One word sums up this past week: a bloodbath. After the TerraUSD (or UST) algorithmic stablecoin and Luna collapsed, the market lost around $270 billion in a cryptocurrency sell-off. Luna’s value is now zero and at one point it was worth more than $100. Luna’s was created to maintain the UST peg. UST was supposed…

Envestnet announced Wednesday its acquisition of business intelligence firm Truelytics, a move in part to expand the wealth management giant’s offerings for small and medium-sized businesses (SMBs). While financial details were not released, the deal is part of Envestnet’s new focus on linking wealth, banking and technology verticals with an eye toward SMBs, Farouk Ferchichi,…

More businesses are automating accounts receivable (AR) functions to improve cash flow, but for most, that automation is fragmented and full of gaps. Eighty-nine percent of 200 executives polled in November and December 2021 from companies with 1,000 to 10,000-plus employees said their businesses will invest more in AR automation and payment technologies in 2022,…

A $50 million investment will help Egyptian digital payments company Paymob expand into new markets in both the Middle East and Africa. The round was led by Kora Capital, PayPal Ventures, and Clay Point, and represents the largest ever Series B round in Egyptian fintech history. “Central Bank of Egypt initiatives that are continuously being…

As widespread remote work has expanded the attack surface, we’ve seen the threat landscape become increasingly sophisticated, with cybercriminals continuing — even escalating — their activity amid crisis. Ransomware attacks are increasingly successful, crippling governments and businesses, and the profits from these attacks are soaring. As the global cybercrime supply chain continues to mature, anyone…

This week our experts brought you the following insights based on their experience as investors, entrepreneurs & executives. Monday Ilias Hatzis our Greece-based crypto entrepreneur (Founder & CEO at Kryptonio, a “keyless” non-custodial bitcoin and cryptocurrency wallet, that lets users manage bitcoin and crypto without private keys or passwords.) @iliashatzis wrote Real value in a virtual…

Are we headed for another Eurozone bond melt down ? Don’t say it too loudly but history looks like it is repeating itself. Yields on Italian bonds are climbing and the differential between Italian and German sovereign debt are widening. Heard it all before? Of course you have because the root causes have never been…