Archive
Crypto Firm Paxos Raises US$ 300 Million in Series D Funding At US$ 2.4 Billion Valuation
Paxos, a New York-based regulated blockchain infrastructure platform, announced it has closed a US$ 300 million Series D round of funding. Oak HC/FT led the round, with participation from previous investors Declaration Partners, PayPal Ventures, Mithril Capital, Senator Investment Group,
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Kid-Focused Startup Greenlight Snags US$260 Million in Series D Funding Round
Greenlight Financial Technology, a debit card for kids and a mobile app that empowers parents raise financially-smart children, announced the close of a US$ 260 million Series D funding round. This brings Greenlight’s total funding to over $550 million and
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Current Raises US$220 Million Funding, Triples Valuation to US$2.2 Billion
US-based challenger bank Current announced that it has raised $220 million in Series D funding and tripled its valuation to $2.2 billion in just five months. Current has now raised over $400 million in total funding. Andreessen Horowitz led the
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Amazon to Roll Out Pay-With-Palm at Whole Foods Stores
Amazon.com announced that it is rolling out its biometrics technology Amazon One as a payment option at Whole Foods stores in the Seattle area over the coming months. The multinational company had introduced Amazon One as a fast, convenient, contactless
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56 Fintech Billionaires Worth a Combined US$327B in 2021
There are 56 fintech billionaires around the world who combine a total net worth of US$327.7 billion, data curated by Finextra based on Forbes’ 2021 World’s Billionaires list show. These represent some of the world’s biggest and most successful fintech
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Apple Introduces Apple Family Card, Allowing Spouses to Merge Their Credit Lines
Apple announced the launch of Apple Card Family, which allows users to share their Apple Card in order to track purchases, manage spending, and build credit together with their Family Sharing group. Available in the US in May, Apple Card
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Digital Asset Bags US$120 Million to Expand its Daml Data Network
Digital Asset, the creators of the Daml multi-party application platform, announced that it has raised over US$ 120 million in Series D funding from 7RIDGE and Eldridge. The company said that it will use this financing to continue to expand
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PayPal’s Venmo Introduces Crypto Buying and Selling Within Its App
Venmo, a mobile payment service owned by PayPal, announced that it now allows more than 70 million of its customers to buy, hold and sell cryptocurrency directly within the app. The offering will be available for all customers within the
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Mastercard to Acquire Identity Verification Company Ekata for US$850 Million
Mastercard announced that it has acquired identity verification company Ekata for US$850 million as digital identity is a foundational part of Mastercard’s multi-layered approach to security. In 2019, the company introduced a new framework on how digital interactions should evolve,
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6 Fintechs Make Top 20 US Valuation Leaderboard; Worth a Combined US$145B
The past two years have seen the valuations of the US’s most valuable venture (VC)-backed fintech companies soar. As of March 19, 2021, six fintechs were amongst the country’s top 20 most valuable VC-backed companies, and worth a combined US$145.1
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