For the most recent details about the financial market, technology used in finance, and much more, iTMunch is your up-to-the-minute source. Keep reading iTMunch for the latest finance news!
“eBay Enters NFT Space with a Power Play from Hockey Legend Wayne Gretzky”
eBay is set to enter the NFT space thanks to assistance from hockey legend Wayne Gretzky. The firm has announced today that it will roll out 13 limited-edition digital collectibles in alliance with the popular Web3 platform OneOf. Every digital collectible will contain a 3D...
Blockchain applications: Benefits and why are they becoming so popular?
New technologies and innovations continue to surface at frequent intervals. While some technologies fade away over time, some gain immense popularity and continue to be relevant for many years. One of the recent tech innovations that have made headlines and turned heads around the globe...
MoonPay’s Valuation Hits $3.4 Billion Amidst NFT Hype
MoonPay, a crypto firm that allows consumers to pay for digital assets including NFTs with credit cards has raised $87 million from multiple celebrities. Some of the names in the stellar lineup include Gwyneth Paltrow, Matthew McConaughey, Paris Hilton, Jason Derulo, Justin Bieber, and Bruce...
Scalapay raises $497 million in a Series B funding round
Scalapay, Southern Europe’s pioneering payment tech company, has announced that it has bagged $497 in funding in a Series B investment round. The round was led by Willoughby Capital and Tencent and included participation from Moore Capital, Gangwal, Tiger Global, Fasanara Capital, and Deimos. With...
Crypto giant Binance invests a whopping $200 million in Forbes
Popular cryptocurrency exchange Binance has invested a huge sum of money, about $200 million, into Forbes – the world-renowned business media brand. The interesting part is that Binance had sued Forbes in 2020 for defamation. The big investment from Binance comes as Forbes gets ready...
Filipino neobank Tonik closes $131 million Series B funding deal
Philippines-based neobank Tonik has bagged a $131 million Series B deal which was led by Mizuho Bank. The digital neobank has raised funds majorly for expanding its service across Asia. Tonik Financial Pte Ltd commonly referred to as Tonik, the parent company of Tonik...
Ebanx appoints ex-Google, ex-Facebook exec Bellizia as President, Global Payments
Latin American payments fintech company Ebanx has announced the appointment of former Microsoft and Google exec ‘Paula Bellizia’ as the company’s President of Global Payments. The cross-border payments company announced the appointment of Bellizia in a press release saying that she would be leading the...
PayPal shuts 4.5 million fake accounts, shares plunge 25%
While talking about its Quarter 4 earnings, PayPal’s Chief Finance Officer, John Rainey revealed that about 4.5 million accounts had been closed down after ‘bad actors’ took advantage of rewards and incentives programmes. This resulted in PayPal’s shares falling down by a whopping 25%. On...
BNPL giant Klarna launches its physical card in the United Kingdom
Buy Now Pay Later titan Klarna has announced that it will be launching an all-new physical card in the United Kingdom that allows users to, quite literally, show now and pay later at physical and online stores. The Swedish financial technology company is said that...
Chime’s $40 Billion IPO: Goldman Sachs at the Helm
Chime Financial, Inc., a US-based fintech company, has invited Goldman Sachs to help it become ready for an Initial Public Offering (IPO) that might value the online banking titan up to $40 billion. Goldman Sachs was chosen by Chime after interviewing multiple high-potential investment banks...
