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Fintech Deals to Watch: Growing in the Digital World

Gonzobanker

Hot embers continue to glow in the fintech market that GonzoBanker mothership Cornerstone Advisors serves. According to CB Insights, US fintechs raised $14.6B Some perspective on how fast this fintech market is moving: Fintech Labs tracks 269 $1B+ valued fintech unicorns that have been founded in just the past two decades.

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UK FinTech Seeks License To Bank Crypto Firms

PYMNTS

London FinTech startup DAG Global is going after the first merchant bank license in the U.K. that serves cryptocurrency businesses, multiple reports indicated on Monday (Feb. For a number of cryptocurrency companies , lack of access to capital is a problem, and these firms turn to “shadowy middlemen” to meet their financial needs.

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Fintech Is Back

Bank Innovation

EXCLUSIVE (SAN FRANCISCO) -- Welcome back to the fintech boom. At this time last year, fintech was in a downturn. Fintech venture funding was down more than 9% year-over-year; valuations seemed stuck. But the fintech market has rebounded.

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Fintech app Acorns valuation climbs to nearly $2 billion following a $300 million funding round

Bank Activities

The California-based fintech startup Acorns Grow Inc. managed to raise $300 million on March 9 th , 2022, from investors in a funding round led by the private equity firm TPG. According to company statements, it serves more than 8 million customers and has more than $3 billion in assets under management.

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INV Fintech Announces Its Fourth Class of Startups

Bank Innovation

INV Fintech, the sister accelerator to this site, announced its fourth class of startups today. Here are the five companies of Class 4 of INV Fintech: Bloxable: Bloxable provides decentralized solutions for lending origination and the securitization of mortgages […].

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Lack Of Insurance Hurts Crypto’s Push To Go Mainstream

PYMNTS

Adoption of cryptocurrency by large fund managers is being hurt by the difficulty cryptocurrency exchanges and traders located in Asia are having trying to get insurance to protect against hacks and theft. However, getting such coverage is almost impossible despite their best efforts.”.

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What happened to the bitcoin bubble?

Chris Skinner

I was interviewed by UBS’s wealth management team a month ago, when the bitcoin bubble was in full bloom. That is the contention of Chris Skinner, Chairman of The Financial Services Club, author of thefinanser.com blog and one of Financial News’ ‘FinTech 40’ most influential people in financial technology. What’s going on?

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