USA
Digital Currency Group Raises US$700 Million From Softbank, Google’s Capital G
Digital Currency Group (DCG) announced that it has closed a secondary investment round by selling more than US$700 million of its shares and is now valued at US$10 billion. SoftBank’s Vision Fund II and Latin American Fund led a syndicate of
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PayPal Launches Mobile POS Solution “Zettle Terminal” for Small Businesses
PayPal announced the launch of the Zettle Terminal, its new, all-in-one point of sale solution that offers increased mobility in-store for small businesses. The Zettle Terminal will now be available in the UK beginning and will continue to roll-out across
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American Express Launches Fully Digital Business Checking Account for SMEs
American Express has introduced its new Business Checking account designed for small and mid-sized (SME) businesses in the United States. This fully digital Business Checking account offers a secure, high-yield, and low fee digital banking experience with a competitive APY
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Wealthtech Firm TIFIN Closes US$47 Million Series C From JPMorgan, Broadridge
TIFIN, a fintech platform using AI for wealth and asset management, announced the successful closing of US$47 million in Series C funding. The firm closes its Series C round at a valuation of US$447 million, which is nearly five times
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Brazilian Challenger Bank Nubank Makes Push for IPO
Brazilian challenger bank Nubank has filed for its initial public offering (IPO) and is expected to go public in the U.S. by early 2022, according to Forbes. Nubank had filed both with the Securities and Exchange Commission (SEC) in the
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Mastercard and Bakkt Strikes up Crypto Partnership
Mastercard and Bakkt announced a multifaceted partnership at Money20/20 to enable merchants, banks and fintechs in the U.S. to offer cryptocurrency solutions and services. Bakkt is a digital currency company that specialises in concurrency, rewards, and loyalty points. It will now
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DocuSign Launches Venture Firm Focused on the Future of Agreements
DocuSign, a US-based e-signature technology provider, has introduced DocuSign Ventures, which will co-invest in as well as partner with companies raising early stage funding to innovate around the agreement process. By staying close to and working with innovative startups, DocuSign
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Facebook Can’t Be Trusted to Manage Cryptos, US Senators Say Following Novi Launch
A number of US lawmakers jointly issued a statement saying that Facebook cannot be trusted to manage cryptocurrency and has urged Mark Zuckerberg to stop the launch of Novi and Diem immediately. Facebook had just announced the pilot launch of
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Tala Raises US$145 Million Series E, Plans to Roll Out Crypto Products
Tala, a Californian digital financial services provider in emerging markets, announced that it has secured a US$145 million Series E fundraise led by Upstart with participation from the Stellar Development Foundation. New investors Kindred Ventures and the J. Safra Group also
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Payments Firm SumUp Acquires Fivestars for US$317 Million
SumUp, a London-based global payments service provider, announced the acquisition of Fivestars, America’s commerce network that combines a marketing platform with integrated payments, for US$317 million in a mix of cash and stock. The acquisition will enable both companies to
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