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Welcome to another episode of our Daily Fintech Podcast.
THE NEWS HIGHLIGHT OF THE DAY IS
Fred Ehrsam purchased more than one million shares of Coinbase worth roughly $75 million, stepping in as the crypto exchange's stock price plunged following the company’s weak earnings report. He purchased more than 706,000 shares of Coinbase on May 13 at an average price of about $70 each.
JUST IN:
Mercuryo has announced that its hit 3 million users worldwide. The milestone represents a significant acceleration in growth for the London-headquartered business, having hit 2 million users just four months ago, in January this year.
ALSO:
Stripe has launched a new apps marketplace, designed to bring third-party accounting, analytics, CRM, marketing and esignature features directly into Stripe.
WHAT ABOUT CRYPTO?
Andreessen Horowitz has closed on its latest crypto fund. The new $4.5 billion fund doubles the size of their last crypto fund and showcases the widening interest among the firm’s limited partners in increasing their exposure to crypto startups.
WHAT ABOUT FUNDING ROUNDS AND INVESTMENTS?
Chinese e-commerce giant Tencent has led an $18 million funding round into London-based fintech Previse.
Fintech lender, Creditspring announced that it has raised £48 million to supercharge its mission of improving financial stability across the UK.
Australian BNPL firm Openpay announced the completion of an $18.25 million two-tranche Placement to accelerate its pathway to profitability.
PayEngine, a white-label payments-facilitation platform for vertical SaaS companies, has raised $10 million in Series A funding led by Point72 Ventures.
Brazilian Fintech marvin. Landed a Series-A of $15 million led by American early venture capital fund Canaan.
NOW, LET’S COVER NEW LAUNCHES AND FEATURES.
WeWork founder Adam Neumann recently launched a startup, Flowcarbon, to sell tokenized carbon credits on the blockchain.
UBS is launching a purely digital product line, key4 by UBS, for clients who want to carry out all of their banking transactions from their smartphones.