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Japanese Fintech Firm Kyash Raises $41 Million, Jack Dorsey’s Block Participates in Funding
18.3.2022
A Tokyo-based financial technology company called Kyash has raised $41.2 million in a Series D funding round which saw participation from the Block (formerly known as Square). The investment into the Japanese mobile financial app firm is the Block’s first investment in the Asia Pacific...
Jack Dorsey’s Block joins $41M funding for Japanese fintech Kyash
17.3.2022
This latest raise brings Kyash's valuation to approximately $107.7 million
Aussie fintech to offer mainstream direct access to DeFi with a fixed rate
17.3.2022
Taking the “heavy lifting” out of DeFi — Block Earner has received $6.4 million in seed funding and is ready to offer fixed yields from Aave and Compound to Australian investors
Report: Africa Fintech Startups Raised $2 Billion in 2021
15.3.2022
Africa’s fintech startups are reported to have raised $2 billion in the past year alone. This amount dwarfs the $231 million that was raised in the year 2020. Nigerian startups continue to account for the biggest share of funds raised by the continent’s fintechs in 2021. 2021...
Dedicated crypto teams booming within traditional financial firms
15.3.2022
As more and more financial giants set up crypto research teams, experts see this trend continuing to gain traction in the future
Bank of Uganda Reportedly Commences CBDC Study
11.3.2022
The Bank of Uganda (BOU) has commenced a study that explores the feasibility of issuing a digital currency. However, an executive with the institution warned that the central bank needed to be clear why it must have this in the first place. Faster Movement of Money The Ugandan central bank...
Cake DeFi Launches $100 Million Venture Across Web3, Esports, and Fintech Spaces
10.3.2022
Cake DeFi is a DeFi (Decentralised Finance) services firm based in Singapore. The firm has declared to launch a $100 million venture arm committed to serving as accelerators for Web 3.0, non-fungible tokens (NFTs), gaming, esports, and other cryptocurrency initiatives. Cake DeFi Ventures has newly...
Nordic Fintech Lunar Raises $77M, Builds Crypto Trading Platform
10.3.2022
Nordic neobank Lunar raised $77 million at a $2 billion valuation and introduced a crypto trading platform
Cake DeFi launches $100M venture arm for Web3, gaming and fintech initiatives
9.3.2022
Cake DeFi Ventures will fund crypto startups across Web3, the Metaverse, the NFT space, gaming, esports and fintech spaces that complement the company’s core business
Fintech Platform Cake DeFi Creates $100M Venture Capital Arm
9.3.2022
The Singapore-based company will invest in Web 3, NFTs and fintech projects
Nagax, the Crypto Trading Platform of German Fintech Naga, Set to Launch
7.3.2022
The social trading platform announced in January will focus on cryptocurrencies and include a crypto wallet and crypto exchange with more than 50 assets
Paypal Joins Other Payment and Remittance Providers Suspending Services in Russia
6.3.2022
A number of payment and remittance platforms, now including Paypal, have restricted access to their services in Russia as western sanctions over Moscow’s invasion of Ukraine continue to expand. Fintech companies have been limiting operations in the Russian Federation also in response...
Bank of Israel: Adoption of CBDC Will Not Materially Affect the Banking System
5.3.2022
Israel’s central bank says the public’s adoption of the digital shekel is not expected “to materially affect the banking system.” The bank, however, warns that any issuance of such digital currency will likely result in a decline of the volume of the public’s...
Vienna-Based Trality Announces Free Worldwide Trading Competition With Over 60,000 USDT in Prizes
4.3.2022
PRESS RELEASE. Trality, a leading FinTech company headquartered in Vienna, Austria, is organizing a worldwide coding competition. Now in its second year, the Trality Trading Competition is fast becoming the premiere proving ground for expert Python trading bot programmers. Top Prizes for the...
Rwanda May Not Reach Decision on CBDC Issuance Until End of 2022 — Central Bank Official
3.3.2022
The Rwandan central bank may not know whether it can issue a digital currency until December 2022, when it completes a study that looks at the benefits and risks that come with such a currency, the bank’s deputy governor has said. The Investigation Phase The deputy governor of the Rwandan...
Avalanche blockchain now accessible to 4.5M users across Wirex payment ecosystem
28.2.2022
Users can spend AVAX, in addition to 61 crypto and traditional currencies on Wirex once linked up to a crypto-enabled debit card
South African Treasury on Crypto Regulations: Amendments to Relevant Laws to Be Finalized in 2022
26.2.2022
The South African Treasury says it expects the amendments to the country’s financial laws — that will see crypto asset service providers being included as accountable institutions — to be finalized in 2022. Aligning Local Laws With FATF Standards The South African Treasury...
Rakuten launches NFT marketplace to capitalize on growing adoption in Japan
25.2.2022
The explosion of NFT popularity in 2021 is continuing apace in the new year
Congo Based Startup Jambo Raises $7.5 Million in Seed Funding Round
23.2.2022
A Congo-based Web3 app developer, Jambo, recently said it raised $7.5 million in a seed funding round. According to a report, the startup’s successful seed round is the latest by an Africa-based firm that is working towards developing Web3. Startup’s Partnership With Social Media...
Future of finance: US banks partner with crypto custodians
21.2.2022
Traditional financial institutions must work hand-in-hand with crypto custodians, sub-custodians and service providers moving forward