GloriFi, a Dallas tech company that bills itself as “pro-freedom, pro-America, pro-capitalism,” is getting ready to go public in a blank check merger worth $1.7 billion. According to a Monday (July 25) news release, the deal will see GloriFi merge with DHC Acquisition Corp, a...
Brazilian digital banking FinTech firm Neon on Thursday (July 21) announced that it has raised $80 million in its first Credit Rights Investment Fund (FIDC) focused on credit cards, increasing the total fund to $170 million, a number that is expected to double, according to...
Visa is reportedly in talks to contribute to a funding round for FinTech startup Airwallex, according to people familiar with the matter. Sources told Bloomberg that Airwallex’s goal is to raise $100 million to $150 million in an extension for its Series E round, per...
The dreaded word — recession — is increasingly being bandied about as economists sound the alarm of tough times ahead. This can be seen in how investors are reassessing their appetite for risk and starting to apply more restraint in making investments. For startups, particularly...
The once-hot FinTech space is in the midst of a big chill, shedding half a trillion in valuation as the cumulative value of shares of newly-listed firms in the sector dropped $156 billion so far this year. Initial public offerings (IPOs) escalated in the FinTech...
Mexican FinTech Stori has achieved “unicorn” status following a $150 million Series C round that brought the company’s valuation to $1.2 billion. As Reuters reported Friday (July 15), the round was led by BAI Capital, Singapore’s GIC and GGV Capital. Participating investors include Lightspeed Venture...
In today’s FinTech news, Korea gets its first crypto bank while Singapore awards a major payment institution license. Plus, B2B buy now, pay later (BNPL) options can help close the working capital gap in Africa. Delio Launches Korea’s First Crypto Bank Delio, the first virtual...
In today’s FinTech news, tenants can rent without a security deposit using a new solution from Obligo and Wells Fargo that offers landlords a letter of credit. Plus, despite the comparisons to the dotcom bubble burst, the great Tech Wreck of 2022 is way too...
In today’s FinTech news, Stashfin raised funds to reach more consumers in India with its virtual credit facility. Meanwhile, India’s central bank is halting non-bank issuers of PPIs from loading cards and digital wallets through credit lines, and Nubank is looking to buy FinTechs in...
