January 7, 2024 @ 6:16 pm By Michael Wong  |  

CharacterX, a decentralized AI social network, announced raising of $2.8 million in its Seed funding round, co-led by Lightspeed Venture Partners, INCE Capital, and Spark Digital Capital, valuing the company at $30 million. This significant investment, including contributions from major investors such as CGV, ZC… Read More

January 7, 2024 @ 5:30 pm By Omar Faridi  |  

The team at Coincover thinks the crypto industry could be on an upward trajectory heading into 2024 with the anticipation of approval for a Bitcoin ETF and “a remarkable 51% decline in hacks in 2023.” Coincover‘s Head of Legal, Yoann Leokowitz, has recently shared his… Read More

January 7, 2024 @ 5:05 pm By Omar Faridi  |  

Intergiro, a Swedish fintech provider of payment and banking infrastructure, has announced a new partnership with Silverflow, a cloud platform for global card processing. This move will allow Intergiro to “offer its clients enhanced card network functionality, increased processing efficiency, and access to card scheme… Read More

January 7, 2024 @ 4:56 pm By Omar Faridi  |  

Klarna, the AI powered global payments network and shopping assistant, announced  Matthew Miller will join the boards of Klarna Holding AB and its subsidiary, Klarna Bank AB. Miller is “a long-standing Partner at Sequoia focused on early and growth stage investments in technology companies across… Read More

January 7, 2024 @ 4:54 pm By Omar Faridi  |  

Kyle Waters and Tanay Ved from Coin Metrics noted that digital assets rebounded sharply in 2023 as market conditions “improved across the board and institutional interest accelerated alongside the impending launch of a spot Bitcoin ETF.” Looking to 2024, there are a number of important… Read More

January 7, 2024 @ 4:47 pm By Omar Faridi  |  

Bitdeer Technologies Group (NASDAQ: BTDR), a technology company for blockchain and high-performance computing, recently announced its unaudited mining and operations updates for December 2023. Linghui Kong, Chief Executive Officer of Bitdeer, commented: “In December, we continued to generate positive results in our core business and… Read More

January 7, 2024 @ 4:44 pm By Michael Wong  |  

ChowBanQ, a Fintech firm providing “sustainable banking practices,” is reportedly considering an initial public offering (IPO). In a statement, the company said its approach to trading and payments, which involves transfers between ‘buckets’ or individual online banking accounts, positions it as a standout player in the… Read More

January 6, 2024 @ 4:56 pm By Michael Wong  |  

Komunal, a Jakarta-based Fintech startup, has successfully raised $5.5 million in its extended Series A funding. The round was backed by a range of investors, including the prominent Sumitomo Corporation, and received support from existing backers like AlphaTrio Sustainable Technology Fund, Skystar Capital, Sovereign’s Capital, Ozora,… Read More

January 6, 2024 @ 4:46 pm By Omar Faridi  |  

Every quarter, Carta releases information on the startup ecosystem in their State of Private Markets report. Carta‘s “first cut” of data as close to the end of the quarter as possible has been shred. This initial analysis focuses “on round valuations and cash raised across… Read More

January 6, 2024 @ 4:42 pm By Omar Faridi  |  

The venture market downshifts further in 2023, with dealmaking and funding totals falling to 6-year lows, according to an update shared by CBInsights. Q4’23 was the “harshest” quarter for global VC in 6 years, the CBInsights team noted. However, the down market has “revealed a… Read More

January 6, 2024 @ 4:40 pm By Omar Faridi  |  

Dave Inc. (Nasdaq: DAVE), which claims to be one of the nation’s leading neobanks, recently announced it has reached an agreement with FTX Ventures Ltd. in order “to purchase a convertible promissory note that it previously issued to FTX in the original principal amount of… Read More

January 6, 2024 @ 4:34 pm By Omar Faridi  |  

Faster, cheaper, and more transparent cross-border payment services have “the potential to improve many lives by supporting economic growth, international trade, global development, and financial inclusion.” This, according to an update shared by the International Monetary Fund (IMF). The Group of Twenty has prioritized such… Read More

January 6, 2024 @ 11:16 am By Omar Faridi  |  

NCR Atleos Corporation (NYSE: NATL), a firm focused on expanding financial access for financial institutions, retailers and consumers, announced that Security Bank of Kansas City has selected NCR Atleos ATM as “a Service as well as Atleos ITM as a Service to enable simple, convenient… Read More

January 6, 2024 @ 10:28 am By Omar Faridi  |  

New data from Nationwide shows that cash usage continues “to rise as many households respond to the cost-of-living crisis by budgeting with physical money.” That data also shows where the building society is “the last remaining branch in town, the growth in usage is at… Read More

January 6, 2024 @ 10:22 am By Tony Zerucha  |  

The American Fintech Council (AFC) has responded to the Consumer Financial Protection Bureau’s (CFPB) notice on the proposed rulemaking on personal financial data rights related to Section 1033 of the Dodd-Frank Act. Their letter was posted on Jan. 2. The AFC said the CFPB’s implementation… Read More

January 6, 2024 @ 9:18 am By Omar Faridi  |  

As we enter 2024, Airbase wanted to take a moment to share with the progress that the Fintech firm claims to have made in 2023. According to Airbase, it was a solid year of innovation, adoption, and recognition for them. Airbase notes in a blog… Read More

January 6, 2024 @ 8:22 am By Tony Zerucha  |  

The United Kingdom’s Financial Conduct Authority (FCA) is taking steps to ensure folks maintain access to physical currency in an increasingly digital society. The agency proposed new rules to maintain reasonable access to cash for personal and business customers across the UK. This follows new… Read More

January 6, 2024 @ 8:14 am By Omar Faridi  |  

Eltropy, a “digital conversations platform,” announced it had surpassed 600 community financial institutions (CFI) customers. As part of the achievement, the company “announced it is boosting investments in Generative AI and product R&D by 36% in 2024.” Eltropy’s Generative AI products have seen adoption “with… Read More

January 6, 2024 @ 8:11 am By Omar Faridi  |  

MultiBit, a dual sided bridge between EVM and bitcoin, has introduced Alchemy Pay’s On-Ramp solution on its website. This integration reportedly enhances user convenience, “enabling them to utilize their chosen fiat payment methods effortlessly to acquire $MUBI token on MultiBit’s platform. Furthermore, the $MUBI token… Read More

January 6, 2024 @ 8:10 am By Michael Wong  |  

KuCoin Labs, the incubator and investment arm of the KuCoin ecosystem, has announced its investment in DeMR, a decentralized Mixed Reality (MR) infrastructure built on the Solana Chain. This development marks the beginning of a comprehensive collaboration focusing on community operations and subsequent product development,… Read More