Fintech giant Revolut plans on building its own cryptocurrency exchange
Financial technology company Revolut has begun hiring employees for its cryptocurrency exchange. A LinkedIn post by the company confirmed that Revolut is looking for a Technical Lead for architecting its crypto exchange with its 7 years of experience in creating order matching engines. The crypto...
FinTech Brex gains ‘decacorn’ status after raising $300 million
Financial technology company Brex has successfully raised about $300 million in a capital raise round. The news hasn’t been made public as of October 22. But according to the sources, a term sheet has already been signed. The latest round of funding has turned Brex...
How does crypto mining work and is it legal?
In 2020, the global crypto market was valued at US$ 1.49 billion and is expected to touch US$ 4.94 billion by the year 2030 at a CAGR of 12.8% [1]. The first cryptocurrency (Bitcoin) came into light and was mined in 2009. And today, cryptocurrencies...
US Fintech Startup Tala Raises $145 Million for Crypto Expansion
Introduction Santa Monica-based financial technology firm Tala announced that it has successfully raised $145 million in a Series E capital round. The fintech intends on using the freshly raised funds to expand its borrow, save as well as money management options across the United States,...
Productfy Secures $16 Million to Revolutionize BaaS Industry
Introduction Banking-as-a-service (BaaS) startup Productfy announced that it has raised a whopping $16 million in a Series A capital funding round. The latest funding round for the BaaS startup was led by CM Ventures and received participation from existing investors 500 Startups, Point72 Ventures and...
Why is Everyone Talking about NFTs and How Can You Buy Them?
In the current era, it is possible to miss out on the evolving tech trends in a blink of an eye. While 2020 was dominated by the COVID-19 pandemic, non-fungible tokens (NFTs) are making headlines in 2021. As per present-day observations, NFTs are touted to...
Capital Float’s Massive $50M Boost: Revolutionizing BNPL Market
Capital Float, a buy now, pay later financial technology service provider, said that it has raised about $50 million in funding after growth in past quarters. The FinTech company provides its BNPL service on various Indian online platforms (including Amazon). The latest round of investment...
6 Points to Consider While Building a Fintech Startup of Your Dreams
Fintech is not another popular slang on the internet. It is a key part of our everyday life. Regardless of your interest in bitcoins or blockchain technology, there is a strong possibility that you may have used at least one fintech application. Fintech is booming...
Blockchain company XREX bags $17 million to accelerate cross-border trade
Taiwan-based XREX announced that it has closed $17 million in a pre-A funding round. The company that aims at boosting financial inclusion through blockchain, XREX will be using the capital for expanding its fiat currency portfolio, get into more partnerships with digital wallets and financial...
Buy Now Pay Later (BNPL) and Gen Z – A Match Made in Heaven?
Consumer habits and preferences are evolving at a rapid pace around the globe. Technological advancements coupled with increasing awareness of different products and services are the main drivers of this change. In this article, we will focus on how consumers are becoming increasingly comfortable with...
