Web3 payment processing company DLT Payments said it has received $120,000 investment from startup accelerator Techstars Berlin to support its work developing payment solutions for digital assets, stablecoins, and central bank digital currencies (CBDCs) and accelerate their adoption as payment methods. In a Friday (Nov....
The ranks are thinning at FinTech firms. In a week that’s seen its share of earnings announcements and a fourth rate hike from the Federal Reserve, a spate of layoffs also rocked the sector, including a few members of the FinTech IPO Index. The cuts...
Dick’s Sporting Goods has launched a $50 million venture capital fund for companies that focus on athletes and their communities. “In many cases, the fund will seek to help these companies grow by providing them with support and resources that go far beyond capital and...
Financial services company Standard Chartered (SC) will invest in Partior, a blockchain-based clearing/settlement platform from Singapore. “Standard Chartered brings to the network its global payments expertise and clearing footprint, significantly strengthening Partior’s international reach and capabilities,” the company said in a news release Thursday (Nov....
Despite a continent-wide economic slowdown and comparatively deflated financial markets, Europe is on track to match last year’s record-breaking venture capital (VC) activity, which saw over 12,000 deals raise over 100 billion euros, according to PitchBook’s latest European Venture Report. The report cautions, however, that although...
TouchBistro is looking to expand after raising 150 million Canadian dollars (about $110 million) in growth financing, the restaurant management platform announced Tuesday (Nov. 1). The company will use the capital — from Francisco Partners — to expand its “product offerings, core services and strategic...
Insurance technology firm Cover Genius says it will expand its embedded insurance model following a $70 million Series D funding round. According to a Tuesday (Nov. 1) news release, the funding round — led by Dawn Capital — will help Cover Genius expand its insurance...
Sovereign wealth funds (SWFs) of the Gulf Cooperation Council (GCC) are emerging as major centers of economic gravity whose movements affect the entire world, so when one of them indicates an interest in capitalizing on the weak pound to snap up U.K. tech companies, it...
Indian B2B marketplace Udaan has reportedly raised $120 million and aims to go public in 12 to 18 months. This round brings the total amount of capital raised by Udaan to $350 million, Deal Street Asia reported Friday (Oct. 28), citing an internal memo by...
