Tony Zerucha

Infinity Ventures Announces $158M Fintech, e-Commerce Venture Fund

Infinity Ventures, an early-stage venture firm investing in founders building across fintech infrastructure and commerce enablement, today announced its inaugural $158 million fund. Since their first close in June 2021, Infinity Ventures has funded 11 companies. Infinity Ventures was co-founded by Jeremy Jonker, Jay Ganatra… Read More

Surfshark Cybercrime Study Reveals Most Victimized Nations; UK, USA and Canada Top 3

Cybercriminals are finding the most victims in the West, according to a study by cybersecurity company Surfshark. The UK tops the list, followed by the US, Canada, Australia, and Greece. Canada had 174 victims per 1M internet users in 2021, roughly eight times less than… Read More

SunTec Business Solutions names Clinton Abbott to key executive role

SunTec Business Solutions, a relationship-based pricing and billing company, recently announced the appointment of Clinton Abbott as the head of product management. The company said his appointment comes at a crucial time when countries are emerging from the pandemic and organizations across various industries are… Read More

We all want faster payments: Federal Reserve Banks survey

  Like everyone else, American consumers are looking for faster ways to make payments, the results of a survey by the Federal Reserve Banks suggest. Overall, 80% say they are interested in more immediate ways to pay businesses, with around 70% saying the option of… Read More

Dropp to Boost dWeb3 Micropayment Strategy with HBAR Foundation Grant

The HBAR Foundation and Dropp, a digital micropayment transaction platform enabling payments both in FIAT ($USD) and cryptocurrency, today announced a grant that will help Dropp develop its business. “Dropp is a revolutionary technology that solves the incredibly large business problem of hefty fees associated with low-cost… Read More

Ignite Accelerator to Support Web3 startups

Today, Web3 developer Ignite (formerly Tendermint) launched the Ignite Accelerator. The initiative will support and expand the next wave of early-stage startups in Web 3. Ignite Accelerator will focus on the multi-chain ecosystem, involving 11 investment partners, with a total initial fund of $150M. The… Read More

Financial well-being app Wagestream Raises $175M Series C

Wagestream, a financial wellbeing app, has raised a $175 million Series C funding round. The company was founded in 2018 by Peter Briffett (CEO), Portman Wills (CTO) and a group of financial charities to give people access to a set of fairer financial services, delivered… Read More

FLUID Snags $10M for Crypto Liquidity Aggregator

FLUID, a liquidity aggregator that uses AI quant-based models to tackle liquidity in virtual asset markets, has raised $10 million in funding led by blockchain investors GSR, Ghaf Capital, and 21Shares. The grant will aid the team in realizing their vision for connected liquidity, providing… Read More

PolySign to Acquire Digital Fund Administrator MG Stover, Celebrate Series C

PolySign has agreed to acquire MG Stover for a mix of cash and PolySign stock. MG Stover provides digital fund administration for a client base that collectively holds more than $40 billion in digital assets under administration. The acquisition of MG Stover’s fund service capabilities will enable… Read More

GK8 Integrates with MetaMask International to Increase DeFi Ecosystem Access

  GK8, a leading institutional-grade self-managed digital asset custody platform with DeFi, staking, NFT, and tokenization support, has integrated with MetaMask Institutional, a version of the popular wallet that adds institution-required custody, operational efficiency, risk, and compliance features. Thanks to the integration, GK8 users will be able to… Read More

European Proptech IMMO Celebrates $75M Series B

IMMO, a tech-driven residential investment platform that helps people sell, rent and invest in single-family rental (SFR) housing, has closed a $75 million Series B equity funding. The round was led by Oak HC/FT, a US-based venture and growth equity fund investing in healthcare and fintech, alongside Moore Speciality… Read More

Opy Survey Finds 71% Would Use BNPL at Dentist, 86% at Vet

Results of a survey commissioned by paytech firm Opy suggest BNPL could help lower the fears consumers have about some major medical expenses. The survey of 1,000 Americans focused on BNPL as an alternative payment method for dental care and veterinarian costs. According to the… Read More

Decentralized Lending Protocol RociFi Welcomes $2.7M Seed Round

  RociFi, a decentralized zero and under-collateralized lending protocol, this week announced the completion of a $2.7 million seed funding round Arrington, Goldentree, Nexo, LD Capital, and Skynet Trading. The company has developed a protocol that leverages on-chain data, machine learning and decentralized identity data to… Read More

Web3 Avatar Tech Firm Genies Charges Into Unicorn Territory With $150M Series C

Genies, an avatar technology company, today announced it has raised a $150 million Series C round led by Silver Lake. The investment values the company at $1 billion and includes participation from existing investors BOND, NEA, and Tamarack Global. The funds are earmarked for engineer… Read More

Web3 Firm’s Subsidiary Metaverse Group Buys Decentraland’s Music District, a publicly-traded company that invests in Web3 crypto assets and businesses linked to the Metaverse and NFTs, announced this week that its subsidiary, Metaverse Group, has purchased the Music District in Decentraland, as a joint venture with 13th Floor Ventures, an institutionally-backed investment fund focused on virtual… Read More

Yieldstreet Adds Startup Investments in Greycroft Partnership

Digital alternative investment platform Yieldstreet is now letting people invest in startups, the company announced today. The first companies include established startups Fetch Rewards and Flutterwave. The arrangement is made in partnership with venture capital investment firm Greycroft, which has more than $2 billion in… Read More

Accounting Automation Platform Docyt Welcomes $11.5M Series A

Docyt, an accounting automation software platform that works with small-and-medium-sized businesses, this week announced an $11.5 million Series A fundraising round. It was led by Lobby Capital with additional participation from First Rays Venture Partners and Morado Ventures. The funding will be used to increase staffing and for customer acquisition…. Read More

Conversational Messaging Company Gupshup Acquires Finance-Focused Conversational AI Firm Active.Ai

Gupshup, a conversational messaging platform, this week announced it has acquired Active.Ai, a conversational AI platform popular with banks and fintechs. The terms of the deal were not made public. Based in Singapore, Active.Ai distributes its Conversational Banking-as-a-Service platform to customers in 43 countries, including the… Read More

Project Ellipse Blends Data, Analytics, News for Singapore Regulators

The BIS Innovation Hub Singapore Centre and the Monetary Authority of Singapore (MAS) have developed a new prototype platform integrating regulatory data and analytics. Known as Project Ellipse, the platform demonstrates how regulatory and other data, such as articles and news, can be integrated into… Read More

Fidel API Attracts $65M Series B to Boost Identity, Payments and Data Capabilities

Fidel API, a global financial infrastructure platform, today announced it has raised $65 million in Series B funding. The round was led by Bain Capital Ventures, with participation from existing investors including NYCA Partners and QED Investors. It brings Fidel API’s total funding to $88… Read More