Texas Capital Bank | November 09, 2022
Aequum Capital recently closed a new $50 million revolving line of credit led by Texas Capital Bank. This new financing will augment Aequum's significant equity base to support loan origination volume. With the new credit facility, Aequum is well-positioned to execute on market opportunities and organic growth of its portfolio.
Aequum Capital is a tech-enabled, ESG-focused specialty finance lender that provides senior asset-backed and cash flow debt facilities to small and medium-sized businesses throughout the U.S. that range between $1MM and $10MM.
About Texas Capital Bank
Texas Capital Bank is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. Founded in 1998, the institution is headquartered in Dallas with offices in Austin, Houston, San Antonio, and Fort Worth, and has built a network of clients across the country. With the ability to service clients through their entire lifecycles, Texas Capital Bank has established commercial banking, consumer banking, investment banking and wealth management capabilities.
Inswitch and Binance Pay | September 07, 2022
Inswitch, a leader in embedded financial technology and payment infrastructure, and Binance Pay, a contactless, borderless and secure cryptocurrency payment technology designed by Binance, the world's leading blockchain ecosystem and cryptocurrency infrastructure provider, announced they have signed a strategic partnership, which will enable both sides to improve their fintech solutions and offer Binance Pay to all merchants in LATAM.
The partnership between Binance Pay and Inswitch will provide millions of LATAM merchants with intriguing options in crypto space, allowing them to increase revenue by accepting crypto, and enable all companies with a new way to service payments.
Some of the features involved in this partnership will allow merchants to:
Receive payments in 50+ cryptocurrencies with lightning fast payments.
Support new products or business models and accept recurring payments globally
Quickly set up Binance Pay and manage recurring customers with Inswitch's APIs and solutions (e.g. Payment Links, Hosted Checkout, etc)
"We are very excited and committed to democratize the payment industry, connecting more than 650 million in Latam with e-commerces around the world. Now merchants will have more options on how to get paid and let their customers choose how to pay wherever they are."
- Ronald Alvarenga, CEO of Inswitch
Furthermore, with Inswitch, merchants can configure everything through Inswitch Business Portal or create new digital journeys through flexible APIs and a suite of low-code fintech products. And merchants are able to flexibly accept different payment methods to best fit their needs.
This agreement will support different types of businesses: Business-to-Consumer, Business-to-Business, Consumer-to-Business. Binance Pay and Inswitch are positioned to deliver a robust turnkey solution across a variety of sectors, including eCommerce, Retailers, Travel, CPGs, Banks, and Gig economy among others.
We are thrilled to bring crypto payments to more than 650 million LATAM users by partnering with Inswitch, this keeps reinforcing Binance Pay's objective of providing contactless, borderless, and secure cryptocurrency payment experiences to companies and consumers, stated Jonathan Lim, Global Head of Binance Pay.
Inswitch is a global leader in embedded financial technology, helping companies and organizations to rapidly implement their own digital financial services. With the Inswitch API-based Fintech-as-a-Service platform, any company can become a Fintech and choose the best solution for its specific needs. All with a fast go-to-market strategy, zero friction and using the Inswitch global network for cash, banking, credit/debit cards, issuing and payment operations.
About Binance Pay
Binance Pay is a contactless, borderless, and secure user-to-user cryptocurrency payment feature on the Binance App. Binance Pay allows users and merchants to send and receive crypto payments around the world without incurring special handling fees for using crypto.
BITCOIN AND CRYPTO
Calypso Group | November 11, 2022
Creonik launches its platform to allow creators to build their communities and monetize their content via crypto. Available in beta, Creonik is powered by the technologies of Calypso Group, a crypto-native fintech ecosystem for businesses.
In 2021 Patreon reported there are more than 200,000 creators across the globe who earn a total value of more than $1.2 billion per year. The creator economy still lacks a reliable way to accept subscription payments and donations in crypto Creonik aims to solve this. The company offers influencers the opportunity to accept crypto payments from their fans in a safe, fast and easy way.
Creonik focuses on supporting influencers and creators building private communities for their fans starting with Discord. There are already over 6.7 million active servers on Discord – the app itself has become a chosen destination not just for gaming but also other communities, including crypto. Creonik lets creators offer exclusive content and access to private channels to fans via a monthly subscription fee. Users can subscribe in just a few clicks and pay with USDT, USDC, DAI, FRAX, or other stablecoins. Through gated Discord channels creators can share access to podcasts, blog posts, newsletters, and any other piece of content.
The platform offers low commissions: creators getting under $200 monthly are free from any fees, for bigger sums the platform charges only 5%. Creonik automatically gives supporters roles in Discord, and is fully compatible with Patreon, meaning creators can use both platforms at a time to grow their communities.
“We want to help creators build their own private communities and provide exclusive content to their fans in a crypto-native way. Creonik already solves the underlying technical challenges from payments management to access gating, Our goal is to let creators make a living with their content sustainably while disrupting the current state of influencer monetization to adapt it to web3 reality.”
-Maxim Kudriavtsev, CEO at Creonik
Calypso Group aims to bring modern fintech experience to the world of web3 and help projects accept, send and track payments in an easy and compliant way, We guarantee the safety of transactions performed with Creonik service and strongly believe in the potential of the platform to disrupt the donations industry across the globe,says Svyatoslav Dorofeev, CEO of Calypso Group.
We see the huge potential behind the solution Creonik offers, and are glad to support the project by providing resources and assistance in the development, design, analytics, and marketing, We believe the company will bring true value to the creators across the globe and are proud to be a part of their journey,says Bulat Ganiyev, co-founder and Managing Partner at Technokratos.
Calypso Group was formed earlier this year after Calypso Pay and TheWatch merged to build a crypto-native fintech ecosystem for businesses. Calypso Pay is a high-volume crypto processing platform that allows receiving and making payments in a fast and secure way. TheWatch develops WatchBlock which handles tracking and monitoring for transactions and provides insights into transaction data, purchase history, and risk management. The Group lets businesses accept payments in crypto, confirm their origin for regulatory purposes, run payouts and payroll.
Creonik is fully powered by the technologies of Calypso Group — the launch of the project proves our tech solutions can be scaled and used to bring value across the industries, We’ll continue to work hard aiming to drive further innovation,says Alexey Korneev, Chairman of the Board and Co-founder of Calypso Group.
Creonik is a platform that allows creators to build communities and monetize their content via crypto. It lets the influencers offer exclusive content and communication packages to those who are willing to pay a subscription fee — they set the process in a few clicks and then users can pay fast and easily with DAI, FRAX, USDC, USDT, or other stablecoins. Available in beta, it focuses on supporting influencers that build private communities for their fans on Discord. Creonik is powered by the technologies of Calypso Group, a crypto-native fintech ecosystem for businesses.
About Calypso Group
Calypso Group is building a crypto-native fintech ecosystem for businesses. It provides a comprehensive set of products and services helping customers accept payments in crypto, confirm their origin for regulatory purposes, run payouts and payroll. Calypso Pay facilitates crypto acquiring, even for subscriptions and payments to vendors and workers. It also allows its clients to sell goods and services by collecting recurring payments and subscriptions in cryptocurrencies in regular intervals. WatchBlock provides tracking and monitoring for transactions and provides insights into transaction data, purchase history, and risk management.
Tranglo | November 17, 2022
Tranglo Pte Ltd is excited to announce the launch of real-time cross-border payments to Malaysia in line with the global fintech's mid-term plan to modernise its processes in the region.
With this announcement, Tranglo now performs more than 80% of its cross-border payments in real-time. It comes as Malaysia is seeing extraordinary growth in real-time transactions.
According to the country's central payment network PayNet, its real-time payment platform DuitNow has processed over 2 billion transactions in the last 3 years, representing a growth of more than 800%. Real-time transactions in Malaysia are expected to reach 7 billion in volume by 2025, it added.
DuitNow connects most bank accounts and e-wallets in the country.
"Our regional payout capabilities just got a real shot in the arm. The ubiquity of DuitNow means infrastructure support for real-time transactions not just within Malaysia, but across ASEAN. That is a huge market that our global business partners can tap into via Tranglo."
-Tranglo Group CEO Jacky Lee
Tranglo's real-time payout service is available 24/7 and supports both individual and business senders. Beneficiaries will receive the funds in Malaysia within minutes, subject to terms and conditions.
Tranglo helps financial institutions and businesses pay globally through Tranglo Connect, its proprietary cross-border payments solution. It seamlessly integrates payout and partner services, unifying the end-to-end payment process with direct API access. With Tranglo Connect, companies can make payments to over 24 countries reliably and securely.
Tranglo is a cross-border payment hub with a proven track record in business payment, foreign remittance and mobile payment solutions. Founded in 2008, we have offices in Kuala Lumpur, Singapore, Jakarta, Dubai and London. Our global network spans more than 150 countries, 5,800 mobile operators, 2,200 banks/wallets and 140,000 cash pickup points. Tranglo is a proud partner of Ripple, the leading enterprise blockchain solutions for global payments. We now offer enhanced cross-border payout services with an even wider coverage through RippleNet, Ripple's global payment network.