Payments giant Visa announced that USD Coin (USDC) is to settle a transaction with Visa over open-source blockchain Ethereum, making it the first major payments network to do so.
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Three insurtech startups recently revealed funding rounds totaling $169 million, and another insurtech startup made an acquisition.
SoFi will offer its users the ability to invest in IPOs for companies going public, the digital lender announced on Friday. Typically, these opportunities are reserved for institutional investors, the company said.
Global fintech funding has exceeded $13.4 billion as of Feb. 28, marking the highest quarterly total since the second quarter of 2018, according to a report by CB Insights.
When there’s money involved, fraud is not far behind. Crypto and neobanks are an especially attractive target for bad actors. But there’s hope for neobanks and cryptocurrency operators, and it comes courtesy of Sardine, described by the company as the first “fraud prevention as a service,” according to its press release.
Fundbox, a financial platform for small businesses, has tapped Cetin Duransoy as chief operating officer.
The crowdfunding platform attracted more than $640 million in investments across 90 deals last year.
Upstart aims to help banks build “more inclusive” loan portfolios while consumers can obtain more affordable credit.
Trading app Robinhood Markets Inc. has filed for an initial public offering confidentially with the Securities and Exchange Commission, Bloomberg reported citing people familiar with the matter.
SPAC Lazard Fintech Acquisition I, formed by financial services company Lazard, is targeting the fintech sector and has filed with the SEC looking to raise up to $250 million in an IPO, Renaissance Capital reported.
