FinTech Update: August 2019

Nebulous Closes $3.5M pre-Series A Led by Bain Capital Nebulous, the tech startup behind the data-decentralization blockchain Sia Network announced that it raised $3.5 million in July featuring investments from Bain Capital, Bessemer Venture Partners, and Dragonfly Capital Partners. Nebulous has now raised $6.3 million since its launch five years ago. Sia Network was the…

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FinTech Update: July 2019

MoneyGram Partners Up With Ripple Ripple made waves in the equity markets this month when it committed $50 million in capital for equity in the money transfer company, MoneyGram, briefly sending the stock (MGI) up more than 100% in after-hours trading. Per FinTech Futures: With the aim of cutting the costs and timescales associated with…

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FinTech Update: April 2019

Mastercard Backs Out of Earthport Deal, Acquires Transfast Mastercard’s bidding war with Visa for payment-technology firm Earthport intensified in February, capped off by a $320m offer by Visa that forced Mastercard to drop out. One month later, Mastercard announced that it had agreed to acquire a different cross-border payment startup, Transfast. Transfast does not have…

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FinTech Update: March 2019

Signature Bank and JP Morgan Launch the First US Bank-Backed Crypto Tokens When JP Morgan announced its rollout of the “JPM Coin”, the dollar-backed token was hailed as the first of its kind. However, it seems that Signature Bank was the first US Bank to back a crypto token with its January 2019 launch of…

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FinTech Update: February 2019

Acorns lands $105M Funding Round On January 28, Acorns Grow Inc. completed a $105M funding round led by NBCUniversal and the Venture Capital arm of Comcast. Their investments were a surprise to many, but it appears CNBC will help produce personal finance videos for the Acorns app, which challenges the notion that millennials don’t save…

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