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Flowdesk Raises $102M to Enhance Cutting-Edge Digital Asset Trading Technology
Flowdesk, a prominent digital asset trading firm, has successfully raised $102 million in a financing round, attracting equity from HV Capital and debt from BlackRock-managed funds. Established in 2020, Flowdesk is a key player in cryptocurrency liquidity, leveraging its Market-Making as a Service model across over 140 exchanges. The new capital will support expansion in OTC derivatives, the launch of a crypto credit desk, and enhancements to trading infrastructure, while doubling its workforce and increasing compliance efforts, particularly in the UAE. Flowdesk is also recognized as a liquidity provider for BTC ETF issuers, contributing to the evolving digital asset market.
South Korea Halts ESG Reporting Amid Regulatory Easing: What It Means for Investors
South Korea’s Financial Services Commission (FSC) has delayed its ESG disclosure roadmap, reflecting the evolving global regulatory landscape and calls for harmonization in ESG practices. This announcement was made during a meeting of the ESG Finance Promotion Task Force, established to enhance ESG disclosure policies. FSC Vice Chairman Kim So-young highlighted shifts in global regulations, including the European Commission’s easing of sustainability rules and Japan’s phased approach for large-cap firms. Consequently, South Korea’s ESG disclosures for KOSPI-listed companies with over 2 trillion won in assets have been postponed to after 2026, with further delays possible.
Assurant Unveils Vehicle Care Technology Plus: The Ultimate Comprehensive Protection Solution for Your Vehicle
Assurant has launched the Vehicle Care Technology Plus, a comprehensive vehicle service contract (VSC) aimed at addressing the increasing reliance on advanced automotive technology. This plan covers high-tech components like safety sensors and infotainment systems, as well as offering smartphone repair services at no extra cost. Additional benefits include emergency roadside assistance, substitute transportation, and travel expense reimbursement. The user-friendly digital platform allows customers to manage contracts and track maintenance easily. Assurant’s EVP, Jeff Strickland, highlighted the importance of integrating mobile device protection into vehicle ownership, positioning Assurant as a leader in comprehensive protection solutions.
Novisto Secures $27M Series C Funding Led by Inovia Capital to Enhance ESG Software Solutions
Novisto, a leader in Environmental, Social, and Governance (ESG) data management, has raised $27 million in its Series C funding round, aiming to enhance its ESG platform and expand in Europe. The funding, led by Inovia Capital with participation from existing investors, brings Novisto’s total funding to over $55 million. The company’s platform helps businesses manage ESG data and comply with regulations like the EU’s Corporate Sustainability Reporting Directive. New clients include The Emirates Group and Sanofi, who have improved reporting efficiency through Novisto’s solutions. CEO Charles Assaf emphasizes the need for transparency in sustainability reporting.
Airwallex and ClearBank Join Forces to Revolutionize UK Payment Solutions
ClearBank has partnered with Airwallex to enhance financial services for UK businesses by integrating ClearBank’s agency banking solutions. This collaboration will enable Airwallex to offer virtual business accounts, GBP collections, and Confirmation of Payee (CoP) functionality, all under its own branding. The partnership provides access to UK payment schemes like Faster Payments, BACS, and CHAPS, simplifying global financial operations for businesses. Leadership from both companies emphasized the importance of this collaboration, with ClearBank’s innovative approach supporting Airwallex’s growth objectives. This strategic alliance represents a significant development in the fintech sector, improving service offerings in the UK market.
