CoinDesk reports that an internal memo at JPMorgan Chase states that blockchain lead Amber Baldet is moving on from the bank to start her own firm; Christina Moy, senior product manager of Quorum, will take over Amber’s position; JPMorgan spokeswoman said in a statement, "Amber is extremely talented and helped build the outstanding team we have today. We respect her desire to start her own venture and we wish her nothing but the best." Source.
In the latest fintech megaround, Brex has confirmed that it has raised $300 million in a Series D-2 round that ups its valuation to $12.3 billion. TechCrunch in October was the first to report that Brex was raising the capital and had achieved decacorn status. Greenoaks Capital and TCV co-led the financing, which brings the...
Student loan debt is one of the biggest issues facing younger people today and most feel as if they don’t...
British fintech Freetrade announced its imminent launch into Sweden's retail investor market.
Investors will be able to gain exposure to bitcoin through the fund, without direct exposure to the volatile currency that traded over $62,000 over the weekend alongside this and other pro-crypto news. On Tuesday morning, the ProShares ETF went live under the ticker BITO at around $40.
Venmo currently accounts for about 39 percent of PayPal’s digital p2p payments business; PayPal and Venmo only charge users a fee when they use their credit cards, though Venmo has started to diversify their offerings to help PayPal’s bottom line; Venmo has expanded Pay with Venmo and started a instant cashout service which both have fees associated with them; they have seen fast adoption with both and the hopes are that a breakthrough year is coming soon. Source.
The new FIDC was structured by Itaú BBA and Genial and the funds will be used to anticipate credit card receivables from InfinitePay clients
Last year, Latin America was the fastest-growing region for VC investment. This year, it may be on track to be the fastest-shrinking one.
NoBroker.com Raises USD$51M in Series C Funding Estateguru Raises 1.3M EUR from Speedinvest LendingClub Hires New Chief Marketing Officer to...
Check-out payments startup Bolt has become the lastest fintech unicorn to feel the heat of the tech stocks bonfire, setting out plans to sack a third of its workforce, amounting to 250 staff.