February 11, 2022 @ 8:44 am By Omar Faridi  |  

WealthKernel, a provider of digital investment services and infrastructure, has introduced Instant Matching Deposits that are being powered by ClearBank, the Cloud-enabled clearing bank. Instant Matching Deposits enables investors “to instantly fund their accounts and begin trading without waiting days for payments to clear, and… Read More

February 11, 2022 @ 8:38 am By Omar Faridi  |  

Salesforce told its workers at a sales kickoff this Wednesday that the firm intends to launch an NFT (non-fungible token) Cloud. This, according to sources familiar with the matter (and cited by CNBC). As covered, NFTs are provably unique digital assets (and collectibles) that are… Read More

February 10, 2022 @ 10:08 pm By Omar Faridi  |  

Rino, the newly-launched startup founded by Trung Thanh Nguyen, has finalized a $3M pre-seed round in order to accelerate the firm’s blueprint for 10-minute instant delivery by “setting up dark stores and building its own logistics units beginning with Ho Chi Minh City.” Trung Thanh… Read More

February 10, 2022 @ 8:54 pm By Tony Zerucha  |  

Kirobo this week announced NFT capability has been added to its Liquid Vault, a non-custodial on-chain wallet. The update also expands its capacity to integrate with decentralized finance (DeFi) services on supported blockchains. The DeFi ecosystem has also shot up in total value locked, offering… Read More

February 10, 2022 @ 7:07 pm By Tony Zerucha  |  

DriveWealth, a provider of fractional investing and embedded finance, recently announced the acquisition and launch of two wholly-owned subsidiaries, DriveLiquidity and DriveDigital, as the company unveiled its plans to offer cryptocurrencies to partners and their retail investors. Following the completed acquisition of Crypto-Systems, DriveWealth’s new… Read More

February 10, 2022 @ 5:54 pm By Omar Faridi  |  

Kapitus, one of the largest and most “reliable” providers of small business financing, recently announced the closing of a $200 million asset-backed securitization (ABS). This financing positions Kapitus for steady growth after a solid year in 2021, which saw the firm’s highest funding volume in… Read More

February 10, 2022 @ 5:51 pm By Omar Faridi  |  

Surecomp has announced that Banco Pichincha – Ecuador’s financial institution with $4.5 billion in assets – has chosen its trade finance processing tech for front-to-back-office operations. The bank will deploy Surecomp’s Cloud-enabled Trade Finance-as-a-Service (TFaaS) solution “to support the growth of current and future trade… Read More

February 10, 2022 @ 5:48 pm By Tony Zerucha  |  

Aventus Network – the layer-2 blockchain protocol that brings scalability, speed, and lower costs to Ethereum transactions – this week announced its native utility token AVT has been listed on crypto exchange Coinbase. This listing marks a significant breakthrough for Aventus Network, the company said,… Read More

February 10, 2022 @ 5:44 pm By JD Alois  |  

Earlier this week, the House Committee on Financial Services held a hearing on stablecoins or digital assets tied to fiat currency. The Hearing was driven by the recent report by the President’s Working Group (PWG) on Financial Markets. While stablecoins are not (yet) systemically worrisome,… Read More

February 10, 2022 @ 3:54 pm By JD Alois  |  

As part of a SPAC deal, Binance will invest $200 million in Forbes – the largely business-focused publication. Last year, it was announced that Forbes would merge with SPAC sponsor Magnum Opus Acquisition Ltd (OPA.N), a blank check firm targeting the global consumer, technology, and media… Read More

February 10, 2022 @ 3:11 pm By JD Alois  |  

LendIt Fintech has announced the winners of the fifth annual LendIt Fintech Industry Awards. The awards announcement coincided with an event in Miami, Florida that incorporated a gala dinner. Following the conclusion of the second day of the inaugural Nexus Dealmakers Summit, the Awards brought… Read More

February 10, 2022 @ 3:01 pm By Omar Faridi  |  

  Berenberg has introduced its first private debt real estate fund in collaboration with Universal Investment Luxembourg. Universal-Investment-Luxembourg S.A. is a wholly-owned subsidiary of Universal-Investment-Gesellschaft mbH, Frankfurt am Main. The firm explains that they are independent – because the parent company’s shareholder Montgu Private Equity… Read More

February 10, 2022 @ 2:54 pm By Omar Faridi  |  

Zebra Technologies Corporation (NASDAQ: ZBRA), an innovator at the front line of business with solutions and partners that aim to offer a performance edge, has announced a new portfolio of “highly accurate” Integrated RFID portals. Zebra’s integrated UHF RFID portals are suitable for asset and… Read More

February 10, 2022 @ 2:52 pm By Tony Zerucha  |  

Pillow, a DeFi startup that helps generate yields on crypto, has raised $3M in seed funding led by Elevation Capital and crypto angels including DeFi Pulse co-founder Scott Lewis, Polygon co-founders JD Kanani and Sandeep Nailwal, FalconX co-founder Prabhakar Reddy, and Aniket Jindal, co-founder of… Read More

February 10, 2022 @ 12:03 pm By Omar Faridi  |  

Compute North, a key player in sustainable, large-scale computing infrastructure, has announced that it has finalized its growth capital round of $385 million, “comprised of $85 million in the initial Series C equity closing, co-led by Mercuria and Generate Capital with additional investors including National… Read More

February 10, 2022 @ 12:01 pm By Omar Faridi  |  

Skale Chains run an EVM client that is based on Ethereum. DappRadar announced that it’s going to be integrating the Skale Network and its ecosystem of decentralized applications (dApps). For now, the team invites dApp developers and end-users to learn more about the scalable, EVM-compatible… Read More

February 10, 2022 @ 10:32 am By Omar Faridi  |  

GMX, a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades, is currently live on Avalanche. Via this integration, users are able to trade AVAX, BTC, and ETH “with up to 30x leverage, with lower risk verifiable liquidation directly… Read More

February 10, 2022 @ 9:15 am By Omar Faridi  |  

Mark Zuckerberg‘s Meta is teaming up Fintech Chime in order to go after (alleged) Nigerian scammers that the firms claim have been using social media channels to trick or deceive unsuspecting users out of their hard-earned cash. As reported by Newsweek, the lawsuit marks the… Read More

February 10, 2022 @ 9:10 am By JD Alois  |  

LendingClub (NYSE: LC), one of the few nationally chartered digital banks in the US, has appointed a new Chief Technology Officer. LendingClub states that Balaji Thiagarajan will now manage the Fintech’s tech stack as its CTO. Thiagarajan joins LendingClub’s executive leadership reporting directly to CEO Scott… Read More

February 10, 2022 @ 9:00 am By JD Alois  |  

Draper Goren Holm, a VC group that is focused on blockchain technologies including DeFi and digital assets – including securities, is returning to an in-person gathering in 2022 as COVID shutdowns diminish. This coming May, DGH will bring together noted crypto investors Tim Draper, Anthony… Read More