money : Latest news and update on money

articles 30th Jun, 2022 14:33 PM

North Korean Lazarus hackers linked to $100M Harmony bridge theft

Researchers say the hack was consistent with the activities of the North Korean hackers.

brazil 30th Jun, 2022 14:03 PM

MAYA Capital closes second fund with $100M for early-stage Latin American startups

This new fund triples the firm’s assets under management and will enable the pair to invest in another 25 to 30 companies.

Bank 29th Jun, 2022 15:33 PM

When it comes to sanctions, PE firms must proceed with great caution

In order to effectively mitigate sanction risks, PEs are doing due diligence on their LPs and investing in the management of compliance programs and...

Federal Trade Commission 29th Jun, 2022 01:03 AM

FTC hammers Walmart over years of ‘facilitating’ money transfer scams

The Federal Trade Commission is suing Walmart for sitting by while scammers bilked customers out of more than $197 million, the agency alleged in a...

CIBC Innovation Banking 28th Jun, 2022 13:33 PM

CIBC Innovation Banking comes in with new $1.5B venture financing to fill VC gap

CIBC's Mark McQueen says the bank's non-dilutive capital can be "unicorn fuel" as startups wait for VC funding spigot to flow...

ceo 27th Jun, 2022 21:03 PM

FTX says no active talks to buy Robinhood

SBF praises Robinhood, hints at possible partnerships

aerospace 27th Jun, 2022 11:33 AM

Austin-based True Wealth Ventures raises second fund to back women-led startups

80% of the fund's investors are women, many of whom haven't invested in a venture fund before, partners Sara Brand and Kerry Rupp said

EC DEI 24th Jun, 2022 21:33 PM

VCs shouldn’t confuse risk management with not funding diverse founders

"Clapping from the sidelines only goes so far."

Asia 24th Jun, 2022 07:03 AM

India’s central bank cracks down on fintech startups

For fintech startups, lending has long been the end game. A notice from India’s central bank this week has thrown a wrench into the ecosystem,...

anthemis 23rd Jun, 2022 12:33 PM

Fintech Kasheesh wants financially strained customers to say ‘bye’ to BNPL

Kasheesh just raised $5.5 million in funding for its multi-card payment solution from investors including NFL's Odell Beckham Jr

alice 23rd Jun, 2022 08:03 AM

Paris-based Breega closes €250M fund, opens Barcelona office to back Iberian startups

Paris-originated VC Breega wasn’t enormously well-known in the VC world (it only closed its 1st fund in 2015) until, perhaps, it started attracting...

army 23rd Jun, 2022 07:33 AM

SumUp raises $624M at $8.5B valuation, with its payments and business tech now used by 4M SMBs

A decade ago, SumUp was one of the army of fintechs that made names for themselves with dongles that turned basic smartphones into card payment...

Astanor Ventures 22nd Jun, 2022 15:03 PM

Kiko Ventures joins the ClimateTech investment stampede with a $450m Evergreen fund

Given the dire predictions about the impending (and basically already here) Climate Crisis, the world can’t get enough ClimateTech funds right to...

Banking 20th Jun, 2022 18:03 PM

UK scaleups should HMRC-proof their business plans before a slow, hot summer

HMRC’s Enterprise Investment and Seed Enterprise Investment Schemes (SEIS and EIS) present one of the best ways to put investors at ease, as they...

911 18th Jun, 2022 21:03 PM

Down bad

Welcome back to Chain Reaction. Last week, we talked about layoffs and the Winklevoss rock gods. This week, we’re looking at a new layer of...

Bitcoin 18th Jun, 2022 17:03 PM

Bitcoin falls below $20,000 and Ethereum sinks past $1,000 as crypto market free fall continues

The crypto market suffered one of its most dramatic selloffs in years this week as the prices of top cryptocurrencies declined as much as 35%...

$100M ARR club 17th Jun, 2022 15:03 PM

Could this ‘quiet company’ kick open the IPO window?

TextNow went to market with a product that customers wanted, focused on its unit economics, and did not grow ahead of its ability to generate gross...

Angel Investor 17th Jun, 2022 14:03 PM

We turned our investors into our best source of customer feedback

Next time an investor asks “How can I be helpful?” give this approach some consideration.

Bank 17th Jun, 2022 12:33 PM

Mono aims to be ‘first bankingless bank’ for Latin America’s small businesses

Mono is building a fully digital bank with accounts that can be opened in around 15 minutes versus an average of two weeks at an incumbent bank.

Airbnb 16th Jun, 2022 15:18 PM

Able.ai exits stealth with $20M to help big lenders speed up making high-value loans

Large banks are stepping up their game when it comes to new services and the technology that underpins them, and in many cases they are borrowing...

altimeter capital 15th Jun, 2022 15:33 PM

Why software valuations could drop more if things don’t change soon

If you feel cloud and software stocks should not trade for less than their historical average, then you have cause to cheer. But is that a valid...

affirm 15th Jun, 2022 11:33 AM

PayPal expands its ‘pay later’ options with a more flexible ‘PayPal Pay Monthly’ service

After Apple shook up the Buy Now, Pay Later market with news that it would now be a competitor to established firms, PayPal this morning is...

berlin 15th Jun, 2022 10:33 AM

Project A Ventures closes its fourth fund, hitting $375M, the largest to date

Project A Ventures launched 10 years ago in Berlin when a handful of a ex-Rocket Internet players decided they’d try their own hand at this startup...

Bank 14th Jun, 2022 22:03 PM