Welcome to your daily FinTech news!
- Stripe will allow businesses to pay their users via cryptocurrencies, starting with Twitter, in the latest sign of how large financial firms are warming to digital assets. The $95 billion online payments company said Friday it will start offering merchants the ability to make payouts in crypto through the stablecoin USDC, which is issued by crypto firm Circle. Link here.
- Samir Desai CBE, a co-founder and long term CEO of Funding Circle UK until the start of 2022, has raised a $30m round to launch a new fintech Super Payments. Link here.
- Australian business credit card startup Archa has raised $4m in funding and secured a $20m debt facility. Link here.
- themis, a collaborative governance, risk, and compliance platform, announced it has secured $9M in seed investment to solve compliance and risk challenges stemming from cross-sector and cross-border partnerships. Link here.
- FinTech WeMoney has signed a landmark deal with global data provider Envestnet | Yodlee for the first CDR and non-CDR data flows under Australia’s evolving open banking regime. Link here.
- Arf, the first compliant cross-border payment network running on stablecoins, announced the upcoming launch of its innovative product, Arf Credit. Link here.
- Coinbase (COIN) is launching its long-awaited NFT marketplace Wednesday with a focus on trying to create a social community for buyers and sellers. Link here.
- The Sandbox, a platform that allows users to trade and monetize virtual assets in the Ethereum blockchain, is considering raising fresh funds at a valuation of more than $4 billion. Link here.
- Investment management platform FundGuard has raised $40 million in a Series B funding round. Link here.
- Currency.com, the high-growth global crypto exchange helping everyone connect with the booming world of cryptocurrencies, has announced it has expanded into the US. Link here.
- Thales de Freitas is the new country manager of cryptocurrency exchange and Mexican unicorn Bitso Brasil. Since September last year, the Mexican cryptocurrency exchange was being run by its founder Daniel Vogel, who had moved to Brazil last year after Marcos Jarne‘s resignation. Link here.
- Just weeks after appointing former FCA manager Steven McWhirter as its global director of regulatory policy, crypto exchange Binance has hired another former regulator in the US. Seth Levy , who spent over a decade at the US Financial Industry Regulatory Authority (FINRA), is joining Binance as head of market surveillance to oversee the implementation of infrastructure that will address regulatory risk when trading digital assets worldwide. Link here.
- Financial Technology Partners / FT Partners released their Q1 2022 FinTech Insights report, providing the most comprehensive review of global FinTech deal activity with analysis across private company financings, IPOs, M&A, and SPAC transactions. Link here.
- Moneybox has become the latest fintech to increase the interest rate on its savings accounts, upping the rate on its long-term savings account by nearly 70 percent. Link here.
- MOGOPLUS is in the process of becoming an Accredited Data Recipient authorized by the Australian Competition and Consumer Commission (ACCC). TrueLayer was accredited by the ACCC in September 2021 and became active in February 2022. Link here.
- Canadian neolender QuadFi has signed an agreement with Crayhill Capital Management LP for a new financing facility worth $100 million (CAD 127 million). Link here.
- AngelList closed an additional $44M from their GP and LP community at a $4B pre-money valuation. Link here.
- BBVA will invest a total of 15 million euros in Leadwind, a venture capital fund managed by K FUND. Link here.
- William Hockey, and Annie Robertson Hockey, are the cofounders and co-CEOs of Column. It’s a technology-focused, federally chartered bank that aims to make it easier and faster for other companies to offer financial services. Link here.
- Citi’s Treasury and Trade Solutions (TTS) announced that it is entering into an agreement with global payment processor EBANX to provide an end-to-end digital collection solution (eCommerce) for Citi’s institutional clients in Latin America. Link here.
- Elavon, Inc., a wholly-owned subsidiary of U.S. Bank and one the largest payments processors globally, today appointed Pari Sawant as Chief Product Officer. Link here.
This ends Your Daily Fintech News. Let me know if there are any questions or comments. Until the next!
Cloud Apps have Risk that We Solve | Slack, Atlassian Jira, Confluence, Google Workspace, Salesforce, GitHub, et al. | AI Sales Leader | Pavilion Executive | GirlDad | Highest Fidelity Detection > Lowest Noise
2yPearce Erensel Eric Kalis