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News (808)

Revolut’s Storonsky Admonishes War, Pledges Relief Support

Nik Storonsky, Russian co-founder of Revolut,  publically admonished Russia’s invasion of Ukraine on the London-based fintech app’s website last week. So reports Forbes.

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Quiver Quantitative Raises $2M to Bring Main St. Up to Speed with Wall St.

Twin brothers Christopher Kardatzke and James Kardatzke, 22, have raised $2 million for Quiver Quantitative Inc., a fintech aimed at providing “alternative data” to Main Street investors. So reports Wisconsin Inno.

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Scrapped Meta Stablecoin Project May Have New Life

In the wake of Facebook’s scrapped stablecoin project, a team of those who worked on the project announced a new plan to take it “into the wild” and possibly breathe life into the Diem blockchain. So reports CoinDesk.

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Tennessee Woman Falls Victim to Crypto-romance Grift, Loses Inheritance

A Tennessee woman reported losing $390,000 in an online dating-crypto scam likely based somewhere in Asia. So reports CBS News.

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Major Seed Round for NayaPay to Help Company Service Pakistan’s Underbanked

Fintech NayaPay hauled in $13 million to grow its double-sided digital banking operation aimed at serving underbanked businesses and consumers in Pakistan. So reports PYMNTS.

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Pipe Expands Into Entertainment Space with Purely Capital Acquisition

Miami-based Pipe, a fintech operating in the recurring-revenue financing space, bought Purely Capital. So reports Crunchbase News.

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Report: Miami Now Fourth Largest Tech Hub in U.S.

Investments in Miami-based blockchain startups jumped more than 2,000% last year, according to a new report from Telstra Ventures. So reports Yahoo! Finance.

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U.S. Law Enforcement Creates New Team Targeting Cybercrime

Deputy Attorney General Lisa Monaco told virtual attendees of the Munich Cyber Security Conference that the FBI is creating a new team to “bring together investigators with expertise in cryptocurrency, blockchain analysis, and virtual asset seizure.” So reports Business Insider.

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Despite Harsh Critique, Buffett Dives Deeper Into Crypto Space

Warren Buffett, who has historically been a very vocal critic of cryptocurrency, bought $1 billion of stock in Nubank, which deals primarily in digital currencies. So reports Fortune.

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Conn. Delegation Heads to Israel to Talk Fintech, Entrepreneurship

Connecticut Gov. Ned Lamont said he plans to take a “business and innovation” delegation to Israel. So reports The Times of Israel.

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