THIS WEEK’S FUNDING NEWS OVERVIEW
For the past week’s funding news overview, we highly recommend reading our weekly #DoneDeal newsletter right here on substack 👇
👀 Are you interested in funding news from the FinTech space?
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👀 NEWS HIGHLIGHT
46% of Americans who have invested in cryptocurrency say it’s done worse than expected.
👉 Read the full article here.
📰 ARTICLE
In the startup world, adding lines of business is always a risk. A company can spread itself too thin and end up not doing a great job at much of anything. Or it can stumble upon an offering that not only is a hit but a hit that’s growing faster than its original, core product.
The latter appears to be true in Ramp’s case.
👉 Read the full Techcrunch article here.
👨💻 BLOG
Cash App quietly hit a milestone: originating more than 1 million small-dollar loans each month.
Read this full great article by Jason Mikula below 👇open-air
💬 INTERVIEW
Miguel Armaza sits down with fintech legend Mike Cagney, Founder of Figure, one of the fastest growing fintech in the US, where they are transforming financial services through blockchain.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🇺🇸 NATIONAL HIGHLIGHTS
⭐️Coinbase CEO Brian Armstrong warns investors to buckle in for a long crypto winter. Link here.
⭐️Gravity Payments CEO Dan Price has resigned, with chief operating officer Tammi Kroll set to take the reins at the firm. Link here.
⭐️Stripe has laid off some of the employees who support TaxJar. Link here.
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PAYMENTS
Walmart reported its second-quarter earnings, it gave a rundown of some of the opportunities it’s targeting on the payments front. Link here.
Highline Technologies raised $13 million in Series A funding. Link here.
BlueTape raises $55M for construction industry SMBs. Link here.
Deel launched its latest feature Instant Card Transfer. Link here.
CRYPTO
Rocketplace raised $9 million in a seed funding round. Link here.
PayPal has added cryptocurrency features to its mobile app. Link here.
FTX revenue grew 1,000% in 2021 amid booming crypto market. Link here.
BLOCKCHAIN / DEFI
Binance.US obtains a money transmitter license in Nevada. Link here.
INVESTMENT
Computer Services Inc is to be acquired by private investment firms Centerbridge and Bridgeport in an all-cash deal worth $1.6 billion. Link here.
Hazeltree secures a $14m investment led by FINTOP Capital. Link here.
MOVERS & SHAKERS
Bitvore appointed visionary scientist and innovator Dr. Armen Kherlopian as an Advisor. Link here.
If you are a fintech startup and have over 100 questions, send me an email. Maybe I can answer a few.