Daily Fintech Newsletter | May 3rd
Hi!
In case you missed it, please see below today's most relevant fintech news.
Rizq - Alternative Islamic Digital Banking’s Business banking team is in the final stages of picking their card design, and invites you to vote for your favorite! Link here.
Graviti is developing a buy now, pay later concept aimed at millions of low-income, unbanked families in Latin America for whom purchasing home appliances is difficult. “We have a specific focus to help more than 100 million households have access to appliances, like water heaters and washing machines,” Yusef Jacobs, co-founder and CEO told Crunchbase News. Link here.
The city of Amsterdam has always been known for its charming canal houses, tulips in full bloom, intricate canal system, vibrant art scene, beautiful architecture, welcoming people, and Ajax. Link here.
Over the past five years, the Southeastern region, led by Atlanta, has gone from being “one of the best-kept secrets” in tech, to a vibrant ecosystem teeming with a herd of the billion-dollar tech businesses that are referred to in the investment world as “unicorns” (thanks to their supposed rarity). Link here.
Millions of consumers are being introduced to alternative payment methods for the first time. Link here.
Germany has passed a new law that would allow thousands of institutional investment funds to invest in cryptocurrency. Link here.
Mogo Inc., a digital payments and financial technology company, today announced that it has purchased approximately 146 Ether (ETH) at an average price of US$2,780. Ethereum is an open-source, block-chain based, decentralized software platform that uses its own cryptocurrency, Ether. Link here.
Venture capital funding in Europe grew 6x over the last decade, to nearly $24bn in 2020 ($34.3bn in 2019). The US VC ecosystem, by contrast, grew just 1.5x over the same period — although it raised a mega $73.6bn in 2020. 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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