Why investors are betting on crypto firms and InsurTechs based on the 22 rounds...

Last week proved to be profitable in terms of FinTech investment, with the rounds revealing the state of cryptocurrency and InsurTech sectors.

Upgrade launches new credit card with bitcoin rewards

Upgrade, a FinTech company focused on providing credit for mainstream consumers, launched the Upgrade Bitcoin Rewards Card a new version of its Upgrade Card featuring bitcoin rewards.

Alessa whitepaper outlines key crypto know-how for financial institutions

Alessa by Tier 1 Financial Solutions has published a whitepaper detailing how financial institutions (FIs) can deal with the cryptocurrency market and manage its associated risks.

EU plans to end cryptocurrency anonymity as part of AML plan

The European Commission has said it intends to end anonymity in cryptocurrencies and introduce a new anti-money laundering (AML) agency to crack down on financial crime.

FTX crypto exchange valued at $18bn after the largest funding round in crypto history

Crypto derivatives exchange FTX has completed a series B fundraising round of $900m that values the company at $18bn.

Over half of crypto experts believe bitcoin will replace fiat money by 2050

A recent survey has found that over half of the experts who took part believe bitcoin will become more dominant than money issued by central banks in less than 30 years.

Terraform Labs bags $150m in funding from major crypto players for DeFi Ecosystem Fund

Terraform Labs, the South Korean company behind the Terra public blockchain, has raised $150m from major crypto investors including Arrington XRP Capital, Pantera Capital, Galaxy Digital and BlockTower Capital.

Why Revolut and the CyberTech industry stand out from the 42 funding rounds raised...

FinTech companies continue to rake in millions of dollars with a slew of startups graduating to the unicorn club. The 42 ventures in the sector that topped up their accounts last week are proof of that.

Met Police seize record £180m in cryptocurrency as part of suspected money laundering case

The Met Police have made the UK’s largest cryptocurrency seizure, taking nearly £180m in connection with suspected money laundering.

Andreessen Horowitz leads $9m round for Solana’s Phantom wallet to develop its multichain feature

Phantom, a crypto wallet and browser extension for accessing decentralized finance (DeFi) applications, has raised $9m in a Series A funding round led by Andreessen Horowitz (A16z).

News Stories

ZenLedger capitalises on strong year of growth with a Series A close

Tax software developer ZenLedger has scored $6m in its Series A round, after recording 500% revenue growth in the past year.

Ransomware attacks climb dramatically in first half of 2021

A mid-year report by internet security company SonicWall has found the number of ransomware attacks in H1 2021 has already outperformed the entire year of 2020.

Abrigo capitalises on 30% revenue growth with fresh strategic investment

Abrigo, a provider of compliance, risk and lending services, has received a strategic investment from funds managed by Carlyle.

Nationwide unveils new bank cards for the blind

Nationwide Building Society has started issuing ‘dot and notch’ embossed and recycled bank cards for its blind customers.

Amplify closes its seed round to support its mission of driving wealth via insurance

Amplify Life Insurance, a provider of permanent life insurance, has collected $2.5m in its seed round.

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Last year large-scale breaches increased by 300%

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