Paxos raises $300 million to build a cryptocurrency infrastructure giant
Paxos has been building infrastructure and white-label services for enterprise clients that want to offer cryptocurrency products to their own customers.
Stripe acquires TaxJar in multimillion dollar deal
Online payments company Stripe has acquired TaxJar, a leading provider of sales tax software for internet businesses in a multimillion dollar deal.
Fintech developer Securrency raises $30 million, to expand in UAE
Securrency will also expand in the United Arab Emirates (UAE), where it already has an office, to provide financial services.
Fintech startup Current valuation triples after Andreessen funding
Fintech startup Current has raised $220 million in a funding round led by venture capital giant Andreessen Horowitz that lifted its valuation by three-fold to $2.2 billion. The New York-based company said in a statement on Tuesday it planned to use the new funds to expand its product portfolio, including cryptocurrencies. Current has no immediate plans of considering a stock market listing but will look to be ready to go public in the next few years, its founder and Chief Executive Officer Stuart Sopp said in an interview with Reuters. Venture capital firms are betting big on fintech firms after the COVID-19 pandemic drove a surge in online transactions last […]
Startup gets backing to create clearing firm for equities
Embedded Financial Technologies is a new custodian-and-clearing firm for equities founded by Michael Giles, who previously ran Square’s Cash App.
Greenlight raises $260 million led by Andreessen Horowitz to expand its family finance platform
“The demand for Greenlight’s family finance solution continues to grow,” said Johnson Cook, Co-Founder and President of Greenlight.
Alphabet’s CapitalG leads $40 million round in fintech Mantl
Mantl has raised $40 million in a Series B round of funding led by Alphabet’s independent growth fund, CapitalG, to help it grow even more.
Deutsche Telekom invests in blockchain payments platform Celo
San Francisco-based Celo, used in over 100 countries, allows users to send and receive money in the form of its tokens to mobile phones.
