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

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

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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.

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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...

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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...

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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...

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FTX says no active talks to buy Robinhood

SBF praises Robinhood, hints at possible partnerships

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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

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

"Clapping from the sidelines only goes so far."

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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,...

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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

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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...

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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...

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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...

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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...

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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...

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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%...

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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...

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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.

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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.

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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...

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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...

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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...

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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...

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Binance.US CEO tells employees the company is “growing faster than ever”

The crypto exchange has $250 million in the bank and plans to double headcount on its product and tech team, CEO Brian Shroder said

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A bunch of startups might be in better shape than you think

What should we make of the steady drumbeat of doom and gloom from investors on Twitter and elsewhere? We talked to Index Ventures' Mike Volpi to...

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The Winklevoss twins rock on

Welcome back to Chain Reaction. Last week, we talked about an arrest in the crypto world that had investors sweating. This week, we’re talking...

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American Express announces its first US crypto rewards credit card

The credit card giant is launching its crypto offering following similar launches from competitors MasterCard and Visa.

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Barely outpacing snails, US lawmakers ponder regulating crypto

A bipartisan U.S. Senate bill to keep crypto in check, layoffs at Coinbase and Gemini, and a chat with a16z crypto's Sriram Krishnan

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