THIS WEEK’S FUNDING NEWS OVERVIEW
For the past week’s funding news overview, we recommend reading our weekly #DoneDeal newsletter 👇
👀 Are you interested in funding news from the FinTech space?
💡 Read all about it in my weekly overview article and get the latest funding news from the global FinTech space in your inbox every week.
💬 INTERVIEW
Sam Bankman-Fried’s defense: ‘I did not try to commit fraud.’
The cryptocurrency billionaire whose empire collapsed spectacularly this month and spawned at least two federal investigations, sat for a wide-ranging interview at The New York Times’s DealBook Summit, saying he “screwed up.”
👉 Check the full interview video here.
REPORT
Recent data published by the U.S. Consumer Financial Protection Bureau illustrates how the U.S. Buy Now, Pay Later (BNPL) landscape is changing based on consumer behavior and shifting economics.
In this article, Flagship Advisory Partners analyzed their findings and present their key takeaways.
👉 Check out the full source article here.
👀 NEWS HIGHLIGHT
Crypto lender BlockFi filed for bankruptcy protection, days after suspending withdrawals amid the ongoing fallout from exchange FTX's bankruptcy filing.
BlockFi received a $400 million line of credit from FTX earlier this year.
👉 Read the full CoinDesk article here.
😎 SPONSORED CONTENT
This newsletter is sponsored by our friends Mercuryo – a global payment network.
The company focuses on crypto payment processing, and its services are used by
250+ industry leaders, including Trust Wallet, Bybit, and 1inch.
Make a tangible change in the world of payments together with Mercuryo.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🇺🇸 NATIONAL HIGHLIGHTS
⭐️Greenwood raises $45M in funding. The company intends to use the funds to expand operations and its business reach, as well as to extend its product offerings. Link here.
⭐️Quiltt announced its beta launch for other startups and small businesses. The company closed a $4 million seed funding round earlier this year. Link here.
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DIGITAL BANKING
Totem raised $2.2 million in pre-seed funding. A challenger bank for Native Americans is using new funding to hire staff as it builds its app from scratch. Link here.
BNPL
Klarna launched a platform aimed at connecting influencers and creators with retail brands. The BNPL provider is launching and rolling out its new Creator Platform globally. Link here.
CRYPTO
Telegram CEO Durov plans to build crypto wallets, decentralized exchange. The messaging app is pushing ahead with its buildout of crypto infrastructure. Link here.
If you are a fintech startup and have over 100 questions send me an email, maybe I can answer a few.