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? News Highlight: Revoluthas been granted an Australian Credit Licenceby ASIC to offer credit and personal lending products to the Australian market.
⚡ Just in
Wahed Invest was charged on Thursday by The Securities Exchange Commission (SEC) in the US for making misleading statements, breaching its fiduciary duty, and for compliance failures related to its Shariah advisory business.
⭐ Also,
-The Financial Conduct Authority has ordered Freetrade to take down all of its social media influencer posts over concerns that they could tempt vulnerable people into making unwise investments.
-Adyen saw a 70% growth in transactions last year.
?? Furthermore,
Affirm stock dropped 21% to a share price of $58.68.
? Insights:
The year 2022 seems to be an explosive one for decentralized digital assets to make their mark and transform the way currency is accessed and owned.
? Crypto –
-US authorities have arrested two people and seized $3.6 billion worth of bitcoin in relation to the 2016 hack of cryptocurrency exchange Bitfinex.
-KPMG in Canada has completed an allocation of cryptoassets to its corporate treasury.
-CoinDCX has amassed a total of ten million active users on its platform.
? ? Crypto funding rounds -
-Newton.cocompleted a (CAD$25 million) Series B funding round.
-OpenNoderaised $20 million in Series A financing.
? Partnerships –
-Tink has partnered with subscription technology platform Youtility.
-Tillfulteamed up with Highnote and Mastercard to launch a credit card.
? Funding rounds & investments:
-Australia’s big four banks have joined a further $25 million funding round in Slyp.
-Mos has raised a $40M Series B at a $400M valuation.
-Sardineraised $19.5 million in a Series A funding round.
-Pyypl closed a US$ 11 million series A financing round .
-Brick - Financial APIraised $8.5 million of funding in a Seed investment round.
-Vitesse PSP Limited raised $26 million in Series B.
-Almaclosed a $130 million Series C round (€115 million). It has also raised $109 million (€95 million) in debt financing.
? New Launches & Features:
-WealthKernellaunched Instant Matching Deposits powered by ClearBank.
-Bitsolaunched in Colombia.
-Emerchantpaynow provides local payments acceptance for cross-border merchants and partners in eight Latin America countries.
-American Express launched American ExpressRewards Checking, the company’s first all-digital consumer checking account.
-A new digital banking platform in The UAE will be called Wio.