Archive
Commission-Free Trading Pioneer Robinhood Seeks US$35B IPO Valuation
Robinhood, the US startup that pioneered commission-free trading, is seeking a market valuation of up to US$35 billion in its upcoming initial public offering (IPO) on July 29. In its submission to the US Securities and Exchange Commission (SEC), the
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NYC Crypto Firm Fireblocks Bags US$310M From Sequoia, Siam Commercial Bank’s VC Arm
New York-based digital asset custodian Fireblocks announced that it has raised US$310 million in a Series D funding round, boosting the company’s valuation to US$2 billion. The round was co-led by Sequoia Capital, Stripes, Spark Capital, Coatue, DRW VC and
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Remote Becomes Unicorn With $150 Million Series B Funding
When the global pandemic struck last year, millions of people transitioned from working in physical offices to working from home, within the span of a few weeks. Physical meetings turned to video calls and break-time interactions moved to online messaging
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Facebook Pay To Be Available to Online Retailers Starting With Shopify
With digital payments picking up pace across the globe, social media giant Facebook is extending its payment services to online retailers. Shopify has become the first e-commerce platform to sign up for Facebook Pay. This will allow Shopify merchants to
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Mastercard Taps Circle for Payment Settlement Pilot With USDC Stablecoin
Circle and Mastercard announced an engagement to use the USD Coin (USDC) to facilitate crypto-to-fiat conversions in a pilot programme to expand the ability of issuers and crypto businesses to enable customers to spend their crypto assets. The engagement will
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M1 Finance Clinches Unicorn Status with US$150 Million Fundraise
M1 Finance, an all-in-one money management platform, announced that it has secured US$150 million during a Series E funding round, the firm is now valued at US$1.45 billion. SoftBank’s Vision Fund 2 led the round, with participation from existing investors.
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Latin America Sees Booming Digital Banking Sector with Brazil at the Lead
Over the last few years, digital banking in Latin America (Latam) has experienced extraordinary growth on the back of changing customer needs, expanding technological penetration and rapidly evolving regulatory standards. Since 2017, the number of digital banks has more than
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Digital Lending Platform LoanPro Bags US$100 Million From Series A Fundraise
LoanPro, a SaaS-based loan management, servicing and collections platform for alternative, fintech and traditional lenders, announced it has raised a US$100 million growth equity investment in a Series A funding round from FTV Capital, a growth equity investor. As part
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Argentina’s Fintech Landscape Shows Strong Growth Despite Headwinds
Argentina’s booming fintech industry boasts over 300 companies that employ nearly 15,000 people. This year, the sector is expected to create more than 5,600 positions, reflecting on the industry’s massive growth and traction, according to data from Cámara Argentina de
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Freelance Fintech Platform Willa Closed US$18 Million in Series A Fundraise
California-based fintech Willa announced that it has secured US$18 million during a Series A funding round. The round was led by New York-based Fintech Collective, including additional investments from Entrée Capital and EQT Ventures. With the investment, Willa is gearing
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