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News (808)

QI Tech Closes Banner Funding Round in Support of Infrastructure Platform

QI Tech, a startup Brazilian banking-as-a-service shop, closed a $200 million Series B funding round. So reports TechCrunch.

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Nasdaq Looks to Shore Up Fintech Services with Record-setting Adenza Acquisition

Nasdaq Inc. added software provider Adenza in an effort to transform into a holistic financial services company. So reports Yahoo! Finance.

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YouTrip Raises $50M in Series B to Bolter Southeast Asian Workforce

Singapore-based fintech YouTrip raised $50 million in a Series B round. So reports TechCrunch

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Tenpo’s Hybrid Credit Card Seeks Consumer Democratization

Fintech Tenpo’s newly launched digital-physical hybrid credit card hit 15,000 issuances in its first month. So reports Contxto.

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SBF Gets Practice Run As Jurors Dismissed Ahead Of Testimony

Sam Bankman-Fried testified sans jury as Judge Lewis A. Kaplan decided what would be permissible for jurors to hear in the entrepreneur’s criminal case. So reports AP News

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FinCEN Proposes New Rule To Treat Crypto Mixers As Money Laundering Tools

U.S. regulators are looking at officially reclassifying crypto mixers as money laundering tools that threaten national security. As such, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) is proposing a new set of rules aimed at reining in the use of international Convertible Virtual Currency (CVC) mixing services, which it says has been tied to terrorist activities around the world.  

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U.S. Customers Can Now Use Crypto to Buy Ferraris

Ferrari will allow its U.S. customers to purchase its cars using Bitcoin, USDC and Ether. So reports Road & Track.

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Airwallex Scoops Up Competing Fintech As It Looks to Grow in Latin America

Airwallex has agreed to terms to acquire rival payments fintech MexPago in order to bolster its presence in Latin America. So reports CNBC.

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Plaid Brings On Former Expedia CFO Ahead Of IPO

U.S. fintech Plaid hired former Expedia executive Eric Hart to serve as its first-ever chief financial officer. So reports The Financial Times.

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Mastercard Announces Major Development in CBDC Interoperability

Mastercard announced it was able to tokenize Central Bank Digital Currencies, or CBDCs, across blockchains. So reports Cointrust.

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