Daily Fintech Newsletter | Mar. 21st
Hi!
In case you missed it, please see below today's most relevant fintech news.
Visa seemingly plans to follow in PayPal's fresh footsteps as it works to adopt Bitcoin. The firm's CEO Alfred F. Kelly, Jr. said on Fortune’sLeadership Next podcast on Tuesday that the payment processing behemoth is willing to facilitate not only bitcoin purchases but also spending functionalities. Link here.
As recessions commenced in 2020, younger companies with fewer capital reserves to insulate them from external black swan events such as the global pandemic were expected to struggle the most. Backers were expected to prioritize existing portfolio investments and avoid taking on new risks. Nonetheless, new angel & seed startups tackling rapidly evolving challenges demonstrated resilience as they built their valuations and secured capital from investors seeking the next big opportunity. Link here.
Capdesk, an equity management platform, has raised a £5 million Series A extension led by Fidelity International Strategic Ventures and MiddleGameVentures. Link here.
Gemini announced this week that it now has more than $20 billion in cryptocurrency under custody. The crypto exchange founded by the Winklevoss twins, Tyler and Cameron, has been one of the world’s leading crypto platforms. Link here.
As digital transformations accelerate across the Islamic finance ecosystems worldwide, the Global Islamic Fintech Report 2021presents groundbreaking insights on the booming Islamic fintech landscape. Link here.
NFT marketplace OpenSea raises $23m in a round led by Andreessen Horowitz. Link here.
Sydney-based fintech Cape has bolstered its leadership team once more, appointing Tanya Ward as its first CFO. Link here.
Galileo Financial Technologies, the API standard for card issuing and digital banking, has announced the appointment of Sheri L. Chin, as head of marketing. Link here.
Based on the Office Of National Statistics data, the research shows that if both men and women started investing in 2020, men would make a £1,147 greater return on their investments. Link here.
The B2B payments space has been on fire for a while, and the COVID-19 pandemic has only fueled mass adoption of digitizing finances. One Mexico City-based startup, Higo, is out to transform B2B payments for SMBs (small and medium-sized businesses) in Latin America, starting with its home country. Link here.
This ends my Daily Fintech Newsletter. Let me know if there are any questions or news/insights worth mentioning in the next newsletter. Until the next!
Regards,
Marcel van Oost
marcelvanoost.com
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