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Welcome to another episode of our Daily Fintech Podcast.
THE NEWS HIGHLIGHT OF THE DAY IS
Coinbase CEO Brian Armstrong said that the company will reduce its workforce by 18% — nearly 1,100 people — to “stay healthy during this economic downturn.”
JUST IN:
Zopa is reportedly delaying plans for a public offering due to the current market conditions.
FURTHERMORE:
Revolut is now the fastest growing fintech in Spain.
WHAT ABOUT FUNDING ROUNDS AND INVESTMENTS?
Cleo raised $80m in new capital
KEO World closed a $20 million growth equity round
AMNIS closed a CHF 8.6 million funding round
Upvest raised a $42 million Series B funding round
Azimut Group led a 16 million-euro investment round for Young Platform, an Italian fintech group focused on cryptocurrencies.