August 16, 2022 @ 8:11 am By Omar Faridi  |  

Satellite IM, a fully decentralized peer-to-peer communications platform, has successfully closed $10.5 million in its seed funding round “led by Multicoin Venture Fund and Framework Ventures.” The investment round also “saw participation from prominent institutional venture investors including Hashed Venture Fund, IDEO CoLab, Solana Ventures,… Read More

August 16, 2022 @ 1:25 am By Omar Faridi  |  

Pastel Network, a purpose-built blockchain and protocol standard for non-fungible tokens (NFTs) and Web3 technology, is teaming up with Parity Technologies. The integration will “enable both native parachains and decentralized applications across the Polkadot ecosystem to leverage Pastel’s powerful technology, providing added security for projects… Read More

August 16, 2022 @ 1:07 am By Omar Faridi  |  

Syfe, which claims to be a leading digital investment platform headquartered in Singapore officially launched in Australia. This is Syfe’s third market “after its launch in Hong Kong last quarter.” In July, Syfe celebrated its third anniversary and “revealed that it had reached a significant… Read More

August 16, 2022 @ 12:22 am By Omar Faridi  |  

Datawisp, a no-code data exploration platform focused on web3 and gaming, has raised $3.6 million in funding. The seed investment round was “led by CoinFund, with participation from Spartan Capital, Mirana Ventures, Dweb3 Capital, and existing investors Play Ventures.” For most businesses, the ability to… Read More

August 15, 2022 @ 11:47 pm By Omar Faridi  |  

Atome Financial recently revealed that it has committed to a $100 million debt facility with HSBC Singapore in order to support its flexible deferred payments business across Asian markets. The Fintech firm is an umbrella business division that’s made up of two main brands; buy… Read More

August 15, 2022 @ 11:27 pm By Omar Faridi  |  

BNPL Fintech Affirm (NASDAQ: AFRM) CEO Max Levchin recently noted that the next recession could silence Fintech lender’s doubters or critics. With shares of the Buy Now, Pay Later (BNPL) Fintech down over 75% from November 2021, Max Levchin said the company’s innovative lending models… Read More

August 15, 2022 @ 11:16 pm By Omar Faridi  |  

The Solana Foundation recently published the Validator Health Report (on August 10, 2022). Solana is a public, open-source blockchain that “anyone in the world can build on.” Their mandate at the Solana Foundation is “to support the decentralization, security, resilience, and adoption of the Solana… Read More

August 15, 2022 @ 11:13 pm By Omar Faridi  |  

Virtual payments have reportedly exceeded the use of cash for the very first time in Saudi Arabia in 2021, with these digital transactions accounting for around 94% of payments completed when measured in terms of value. This, according to a recent study carried out by… Read More

August 15, 2022 @ 10:18 pm By Omar Faridi  |  

Singlife with Aviva’s Navigator Investment Services has expanded its management team as part of its goal to develop its financial advisory services. The latest appointments to Navigator’s leadership team include Wei Lin Chin, who joins as Head of Strategy and Business Management. She brings around… Read More

August 15, 2022 @ 9:41 pm By Omar Faridi  |  

The Age of “Spendlightenment” has dawned, the team at Airbase notes in a blog post. The innovation of spend management has “the power to elevate the work of finance professionals to a higher state of being, one characterized by unprecedented vision, power, and flow.” When… Read More

August 15, 2022 @ 6:20 pm By JD Alois  |  

Varo Bank, the first true digital only bank that made it through the rigorous chartering process, has issued a comment letter on a potential change to the Community Reinvestment Act (CRA). The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation… Read More

August 15, 2022 @ 5:57 pm By JD Alois  |  

Galaxy Digital  (TSX: GLXY) has terminated its acquisition of Bitgo, an institutional digital asset trading and custody provider. Galaxy currently has a market cap of around CDN $2.9 billion. The proposed merger, put in place in 2021, valued Bitgo at around  $1.2 billion. In a… Read More

August 15, 2022 @ 4:19 pm By Omar Faridi  |  

AutoLend is one of Blend Network’s most “popular” features. As explained by UK’s Blend Network, a specialist development finance lender, Autolend is used by many of their investors “to ensure they don’t miss the chance to lend on [their] loans.” Melissa Turnbull from Blend Network’s… Read More

August 15, 2022 @ 3:04 pm By JD Alois  |  

  Dealmaker, a tech firm that aims to help companies raise more money faster, says it has been involved with 8 out of the 10 top online investment offerings to date. This is inclusive of all exemptions (Reg CF, Reg A+, and Reg D 5o6c)…. Read More

August 15, 2022 @ 2:26 pm By JD Alois  |  

Lake Parime, a UK-based supplier of cryptocurrency mining equipment, says it will open its first US headquarters in Jacksonville, Florida – a state that has seen migration and businesses boom as people flee high tax and less business-friendly states. Lake Parime said that it plans… Read More

August 15, 2022 @ 2:12 pm By Omar Faridi  |  

Infinicept, a provider of embedded payments software, recently announced the launch of Infiniport, a single, open payment operations capability “enabling clients to interface with any processor or alternative payment rail they choose.” With Infiniport, payment facilitators, payments companies, and software platforms with embedded payments “can… Read More

August 15, 2022 @ 11:32 am By JD Alois  |  

MoneyLion (NYSE: ML) has partnered with Zogo to provide “enhanced financial education to over three million MoneyLion users.” MoneyLion is a neobank that leverages technology to offer “banking that gives you more.” Zogo is a financial literacy platform. The company notes this is the largest… Read More

August 15, 2022 @ 11:18 am By JD Alois  |  

Andreessen Horowitz (a16z) has committed $350 million to WeWork founder Adam Neumann’s new startup Flow, which is scheduled to launch in 2023. According to reports, a16z invested the funds in the startup at a $1 billion valuation. In a blog post, a16z outlined the premise… Read More

August 15, 2022 @ 10:22 am By JD Alois  |  

Gregory Klumov, CEO of STASIS – an issuer of a Euro stablecoin, has issued a statement criticizing Circle’s decision to freeze USDC that is parked in Tornado.Cash addresses. Circle, the issuer of the second largest stablecoin in the market, took the action following the US … Read More

August 15, 2022 @ 9:53 am By Omar Faridi  |  

Avivatech, LLC, a software business specializing in cash and check software automation solutions in branch banking and retail payment environments, has introduced its check product suite of solutions, “comprising of Avivatech’s Vault and QDS Capture solutions.” These solutions work to “provide financial institutions a fully… Read More