Welcome to?your?daily?FinTech?news!
- Last week, it was hard for financial news followers to avoid headlines coming out of the Bitcoin 2022 conference in Miami, with its mix of celebrity speakers, prominent investors, politicians, and late-night revelers.?In 2021, Miami-headquartered companies raised a record $2.6 billion across more than 150 disclosed-size seeds through late-stage rounds.?The pace looks to be accelerating in 2022, with over $1 billion invested across at least 67 disclosed rounds. Link here
.?
- London-based digital SME financing platform?Stenn
?has landed a $50 million equity investment from?Centerbridge Partners, L.P
.?Link here
.?
- Royal Park Partners
?acted as exclusive strategic and financial advisors to?PayRetailers
, supporting them in their acquisition of Colombia's?Pago Digital
. Link here
.?
- Dozens of famous faces, including Bruce Willis, Drake and Paris Hilton, have invested in?MoonPay
, buying into the crypto payments platform's promise of helping celebs reap the benefits of Web3. Link here
.?
- Nexo
, the leading regulated institution for digital assets, officially launched the Nexo Card, a first-of-its-kind crypto-backed Mastercard card, in select European markets. Link here
.?
- Paynt
, a global payment provider, has launched an Acquiring-as-a-Service (AaaS) platform that combines and automates, via API or interface, functions required by payment service providers to onboard, manage, and retain merchants. Link here
.?
- Egypt’s?Paymob
, a digital payments service provider for businesses, is expanding to Pakistan as its first international market. Link here
.
- Circle
?Internet Financial, a Boston, MA-based global internet finance firm and the issuer of USD Coin (USDC), entered into an agreement for a $400M funding round. Link here
.?
- Mastercard
?has filed 15 NFT and metaverse trademark applications as part of a wide-ranging plan to extend its payment processing system, slogans, and branding into the new virtual economy. Link here
.?
- Finastra
?announced a Banking as a Service (BaaS) collaboration with?Microsoft
?to bring new lending options to thousands of Small and Medium Enterprises (SMEs) – a sector severely underserved when it comes to accessing finance. SMEs using Microsoft Dynamics 365 will be able to access and unlock vital financing offers without leaving their business management platform. Link here
.?
- While?Daniel Sathyanesan
?was running his own business — a service-based design agency — he quickly realized that banking options for a digital solopreneur were less than ideal. Link here
.?
- SoftBank Group Corp
.?Latin America Fund is creating a new entity for its investments in early-stage startups. Called Upload Ventures, SoftBank will remain the largest shareholder in the new fund. Link here
.?
- Mobile money is a growing contributor to?MTN Nigeria's
income, and the new banking license would allow the company to explore growth opportunities presented by the country's unbanked population. Link here
.
This ends?Your?Daily?Fintech?News. Let me know if there are any questions or comments. Until the next!
