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Bitcoin Daily: Nigeria’s Crypto Market Surges; Alleged Crypto Capital Operator Charged With Fraud

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Reginald Fowler, “an alleged operator behind payment processor Crypto Capital , was charged with wire fraud” on Friday (Feb. This is in addition to charges of bank fraud, an unlicensed money transfer operation and conspiracy. For this reason, it’s difficult to ascertain exactly how much trading is done.

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Enterprise Cloud Platform Company Takes The B2B Venture Capital Lead

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The fundraising was headed up by Advent International via Advent Tech and Sunley House Capital, an Advent affiliate. Zenoti said it fuels over 12,000 companies in more than 50 nations. Arya runs a network of over 1,500 warehouses in 20 Indian states, the report stated. The company has disbursed more than $36.5 CloudTrucks.

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Porter Capital Offers New Funding Tools To PPP Recipients

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Porter Capital , which works with accounts receivable (AR) financing and asset-based lending solutions, will provide more funding for businesses in need of extra money from their current Paycheck Protection Program (PPP) funds, according to a press release.

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eWallets Don’t Make Money, Says Mandiri Capital Chief

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The CEO of PT Mandiri Capital Indonesia, the venture capital arm of PT Bank Mandiri, said the only way digital payment platforms can ever make money is by acting as a sort of portal into other services, otherwise it’s “just a cash-burning exercise,” according to reports. Nobody makes money from e-wallets,” Danusaputro said.

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Capital Float Pursues Alt-Lending Collaboration

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Two Indian alternative lenders are partnering up to target the nation’s small- and medium-sized businesses (SMBs). Reports in The Economic Times on Thursday (Oct. 5) said Tata Capital and Capital Float are teaming up, a deal in which Tata Capital will provide working capital loans to SMBs borrowing through Capital Float’s platform.

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Pressure Mounts For India NBFCs As Reliance Capital Exits Lending Business

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India-based financial services provider Reliance Capital has announced it will exit the lending market. 30), Reuters reported , noting that the company is struggling to overcome “collateral damage” resulting from a slowing national economic and a broader “crisis,” the publication said, in India’s lending sector.

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The Bank-FinTech Collaboration Model Goes Global

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With more financial institutions (FIs) turning to external third-party FinTechs to strengthen their small- to medium-sized business (SMB) and corporate offerings, the collaboration model is proliferating across national borders. National Australia Bank Chooses Eedenbull. BNL Goes Live With Tink. ní banka Taps Temenos.

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