Indonesian multi-finance company Indosurya Inti Finance today announced that it has managed to raise 50 million Euros worth of funding credit facilities. The money has been raised from two globally renowned institutions; the Netherlands-based FMO and Proparco, From France. However, the important bit about the development is that the money is going to be used […]Continue Reading

Supply chain marketplaces and payments company Tradeshift has moved on to new premises in downtown Bucharest. The move to larger premises signals the company’s continued expansion in Romania. The new office of the company is located in the Tower Center, which is regarded as one of the most highly sought after locations in Bucharest for […]Continue Reading

Karatbars, a German Cryptocurrency firm that sells “Cryptonized gold” tokens, has been ordered to stop operations by German government banking regulator BaFin, over allegations that it was running a pyramid scheme. BaFin issued a cease-and-desist order to Karatrbars parent firm Karatbit Foundation, which is registered in Belize. BaFin also asked the firm to settle all […]Continue Reading

Industry veteran Patricia Sutter has been appointed as the new head of the Wells Fargo Corporate Trust Services on October 15. She replaces Troy Kilpatrick, who was presiding the position since 2014. Troy Kilpatrick has now taken charge of the Risk transformation work for the company. She will work in the Chicago office and will […]Continue Reading

A fresh report has revealed that Brazilian banking giant Banco Inter SA is exploring the option of tying up with ride-hailing giant Uber over a financial services partnership. A partnership of this nature is helpful to both the bank as well as the ride-hailing giant. A source who is close to the developments could not […]Continue Reading

Leading cryptocurrency exchange Binance has announced the launch of Peer-to-peer trading also known as P2P in China. With the launch, the platform aims to extend support to traders making transactions via many popular Chinese payment apps like Alipay and Wechat Pay. The P2P services can be accessed by the citizens of China. According to a […]Continue Reading