📢 Crypto Oasis Daily News Tanzanian fintech startup NALA has successfully raised $40 million in a Series A funding round led by Acrew Capital, with additional support from DST Global, Norrsken22, HOF Capital, and other investors. This funding will primarily enhance Nala’s B2B payment platform, Rafiki, and support its expansion efforts beyond Africa. Learn more: https://lnkd.in/d3_SSCzE Source: Bitcoin.com News
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Nigerian fintech Zone secures $8.5M seed funding led by TLcom Capital and Flourish Ventures, with additional investments from Digital Currency Group, Verod-Kepple Africa Ventures, and others. Co-founder Obi Emetarom highlights the backing of global investors and existing shareholders, positioning Zone to accelerate its mission of revolutionizing payments across Africa. Zone, part of the Appzone Group, rebranded in 2022 to focus on blockchain-powered payment infrastructure. Despite regulatory challenges, Zone has gained traction, serving over 15 commercial banks. The funding will fuel expansion efforts, including connecting more financial institutions in Nigeria and piloting cross-border payment solutions. Flourish Ventures sees Zone's technology as a game-changer, offering reliability, speed, and cost efficiency in the payment ecosystem. Zone's blockchain network supports fiat, CBDCs, and eventually crypto transactions, bringing transparency and efficiency to Africa's financial sector. While maintaining regulatory compliance, Zone plans to introduce more blockchain innovations, potentially leading to Africa-wide expansion. #fintech #blockchain #paymentsolutions #africatech
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There were nearly 500 fintech financing and M&A deals in the first quarter of 2024, with insurtech, crypto and blockchain proving hot areas, according to data from Royal Park Partners (RPP). Despite the demise of a number of underfunded fintech startups, the study finds the sector to be generally in rude health, demonstrating continued resilience and expansion in the first months of the year. #Crypto attracted ~25% of total financing rounds in Q1, while banking and lending also attracted significant investment thanks to big rounds for the likes of Monzo ($430 million), Svatantra ($230 million) and SK Finance ($160 million). M&A saw 240 deals, dominated by the $35.3 billion agreement between Capital One and Discover, which pushed total deal value across M&A and financing to $70 billion. #yoursuccessourbusiness
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📢 "HSBC leads $6.85m funding for Hong Kong-based blockchain insurance startup" 🔔 MediConCen Jenny Lau William Yeung Kelvin Yeung Hong Kong-based startup MediConCen secures $12.7 million in funding from investors including G&M Capital, ParticleX, and Wings Capital Ventures. 💰💲 The investment aims to propel the company's international expansion, particularly in the Middle East and Southeast Asia. 🗺️📍 MediConCen, founded in 2018 and incubated at Cyberport, offers a digital and AI-driven solution to streamline the claims process for insurers and insured individuals, serving over 16 insurers and 1 million individuals. 👥📲 HSBC Asset Management sees the investment as a move towards simplifying and expediting the claims process with advanced technology. 🚀✨ This funding aligns with HSBC's broader commitment to digitization in Hong Kong, where it has been exploring initiatives such as tokenization of financial instruments and facilitating cryptocurrency trading for clients.🪙👤 Source of information 📝👇 https://lnkd.in/dpTQrfkB Share Your Startup Story 🚀📲 https://lnkd.in/ggir3Qap #scoopearth #business #mediconcen #fintech #insurtech #funding #startup #cyberport #blockchain #hongkong
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Govt Initiates Comprehensive Action Plan To Boost Startup Investments In a significant move to bolster the startup ecosystem in the country, the Indian government has launched a comprehensive action plan aimed at attracting increased investments into the startup sector. The plan, which encompasses various key initiatives, underscores the government's commitment to fostering innovation and entrepreneurship in India. Read More :- https://lnkd.in/dD9hwdSx #startup #GOVT #investment #realestate #investing #money #business #invest #bitcoin #property #investor #entrepreneur #trading #forex #realtor #finance #cryptocurrency #realestateagent #home #stockmarket #success #wealth #crypto #financialfreedom #forsale #luxury #stocks #motivation #forextrader #househunting #blockchain #newhome
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Global macro investor. Fred’s mentor was one of the greatest macro investors of all times. With a background in macro finance, corporate finance, law & tech, he specializes in multi-asset strategies. No financial advice.
The investment arm of cryptocurrency company Tether Holdings Ltd. expects to pour more than $1 billion into deals over the next 12 months, according to Chief Executive Officer Paolo Ardoino. Tether Investments has a growing team of 15 people who are evaluating as many as hundreds of pitches each month, most of them coming directly from startups, Ardoino said in an interview. It’s focused on alternative financial infrastructure for emerging markets, artificial intelligence and biotech — areas where it has already spent about $2 billion over the past two years, he said. The investment plan highlights the growing financial clout and ambition of the issuer of the world’s largest stablecoin, a type of cryptocurrency designed to track a real-world asset one-to-one. Tether’s USDT stablecoin tracks the dollar and has a market capitalization of about $112.4 billion. The company lately has been investing most of the reserves backing USDT in US Treasury bills and other securities, earning billions of dollars in profits during the current high interest-rate environment. #startups #venturecapital #crypto
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MANTRA, the Layer 1 blockchain specialising in Real World Assets (RWA) based in Hong Kong, recently concluded an $11 million funding round, with Shorooq Partners leading the investment. This round attracted a diverse group of strategic investors such as Three Point Capital, Forte Securities Limited, Virtuzone and Hex Trust. The infusion of fresh capital aims to propel MANTRA towards its goal of enabling RWA tokenization at scale by establishing regulatory-compliant infrastructure, equipping developers with tools for RWA-focused protocols on MANTRA Chain, and expanding the tokenization of real-world assets, particularly in the MENA region and Asia. Source: https://cutt.ly/8w9EGmQb #t20egypt #startups #entrepreneurship #networking #investing #technology #google #digital #funding #egypt #banking #fintech
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#Canada-based Code secures $6.5million in seed #funding. Along with Balaji Srinivasan, Roham Gharegozlou, Anatoly Yakovenko, Raj Gokal, Mert Mumtaz, and others, M13 and Union Square Ventures co-led the round. The money will be used by the business to #quicken the expansion of its recently launched international #payments platform. Code is a mobile wallet programme that was founded by Ted Livingston that allows users to send and receive #micropayments immediately in more than 100 currencies. Users can take use of the open, #worldwide, and safe features of self-custodial cryptocurrency without having to deal with the hassles of gas prices, private key #management, or sluggish or unsuccessful #transactions. With Code, anyone can send money to a #buddy or make purchases online from anywhere in the world. With an engaging user experience and advanced #blockchain technology, the code is completely open source and facilitates global financial inclusion. Roham Gharegozlou Raj Gokal Anatoly Yakovenko M13 Union Square Ventures Ted Livingston To share your startup story write us on - contact@startuprise.io #code #funding #startup
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Kasu, the innovative Australian fintech startup based in Adelaide, has secured $3 million in seed funding to revolutionize the realm of decentralized finance (DeFi) with a distinctive approach. This extraordinary collaboration between Faculty Group and Apxium Technologies addresses the perennial challenge in DeFi, harmonizing substantial yields with controllable risk. Learn more: https://lnkd.in/dC_3Z7at Congratulations to Kasu on this remarkable achievement! #Funding #Startup #Adelaide #Blockchain
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Mnzl, an Egyptian fintech startup, has raised $3.5 million in a seed funding round to enhance its lending technology and expand operations. The round was led by P1 Ventures, Localglobe, and Ingressive Capital, with participation from 500 Global, Flat6Labs, First Circle Capital, Enza Capital, Beenok, and unnamed angel investors. Mnzl enables users to convert illiquid assets like cars and real estate into liquid assets, providing loans to Egyptians who upload their assets onto the startup’s digital wallet. Co-founder Sameh Saleh said the initiative empowers families by providing financial leverage and contributes to broader economic prosperity in the region. Hisham Halbouny, the managing partner at P1 Ventures, expressed confidence in Mnzl’s ability to transform the Middle East lending landscape. . . . . #cryptocurrency #egypt #business #blockchain #cryptonomics #thecryptocountry #cryptostan
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