Remove Capital Remove Compliance Remove cryptocurrency Remove Lending
article thumbnail

Report: $50B In Cryptocurrency Moved Out Of China

PYMNTS

More than $50 billion of cryptocurrency was transferred from virtual wallets in China to other parts of the world last year, a potential violation of the nation’s strict limits on how much money can be sent abroad, according to a new report. Cryptocurrency could be picking up some of the slack.” .

article thumbnail

Bitcoin Daily: Ethereum Protocol Aave Raises $25M; BOE Head Takes Stance Against Bitcoin

PYMNTS

The round was led by Blockchain Capital, Standard Crypto, Blockchain.com Ventures and more. Aave recently announced its governance model to help the community access more participation, with old Aave token LEND now able to be swapped for the new Aave token at a ratio of 100 LEND to 1 Aave.

Bitcoin 261
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Airbnb’s Business Travel Investment Leads B2B Funding For The Week

PYMNTS

The big news in B2B FinTech investment this week came from Airbnb , which is bolstering its presence in the business travel market with new funding, while corporate card startup Brex also secured a prominent debt capital investment. Lyric plans to use the investment to expand its operations as it continues to focus on regulatory compliance.

Capital 174
article thumbnail

CEO Davies Exits Revolut After One Year

PYMNTS

Davies is leaving Revolut to take over the Allica Bank, which specializes in lending to businesses, according to the FT. The investor was TSG Capital Partners, according to TechCrunch. On July 15, Revolut began offering customers a way to buy cryptocurrency. In February, Menlo, California-based TCV led a $500 million round.

article thumbnail

FHFA announces Office of Financial Technology

CFPB Monitor

The FHFA also issued a request for information (“RFI”) seeking public input on how to facilitate responsible innovation, identify barriers or challenges to implementing fintech into housing finance, support equity for homeowners and renters, and increase efficiency and effectiveness in the compliance and regulatory processes.

article thumbnail

The LatAm Fintech Market Map: 75+ Companies Disrupting Banking, Financial Services

CB Insights

Our analysis delves into companies that focus on the financial services industry, including commercial banking and credit offerings, insurance, asset management, accounting, business management, personal finance, and regulatory & compliance services. 500 Startups, Kaszek Ventures, Lead Edge Capital. Fiinlab, Vox Capital.

Company 65
article thumbnail

SMB Challenger Banks A Hot Spot With VCs

PYMNTS

challenger banking market saw a flurry of venture capital (VC) activity this week, as FinTech firms aim to disrupt small business (SMB) financial services (FinServ). Compliance startup Chainalysis works with law enforcement officials and financial institutions (FIs) to ensure that their cryptocurrency operations are within regulations.

Capital 122