Tag: Startup

Co-Founder of Zimbabwean Fintech Startup: ‘Everyone Has a Right to Access Funds and Financial Freedom’

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Cryptocurrencies have been proven to be a financial tool that can be used to store value or make payments by those excluded from the financial system. Yet, despite this being true in many jurisdictions, many of those that might benefit from cryptocurrencies are still not using them. Regulatory Uncertainty and Ignorance There may be several different reasons why this is the case, but as many in the crypto space have acknowledged, regulatory uncertainty and ignorance are often the key factors that dissuade prospective users from adopting this fintech. Therefore, in…

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Crypto Settlement Startup Zebec Gets $15 Million to Craft Programmable Cash Stream Payments – Finance Bitcoin News

[ad_1] The multi-signature treasury management and settlement startup Zebec has revealed the company has raised $15 million in order to bolster a continuous and programmable cash stream protocol on the Solana blockchain. Zebec says the company aims to be the “payment solution for DAOs, crypto projects, Web3 and the metaverse.” Zebec Raises $15 Million to Bolster Real-Time Settlement in Defi, Web3, Metaverse On Tuesday, Zebec the startup behind the “continuous and programmable cash stream protocol” built using the Solana network revealed the company raised $15 million from investors. Zebec details…

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French fintech startup Lydia raises $100 million in Series C funding round

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[ad_1] French crypto-friendly fintech startup Lydia has raised $100 million in a Series C funding round, per a report in TechCrunch.  The latest capital raise reportedly helped Lydia attain unicorn status with a valuation of over $1 billion.  The $100-million fundraise comes nearly a year after its Series B funding round of $86 million in December 2020. The round was led by investors Tencent and Accel and saw participation from Dragoneer and Echo Street. The fintech startup aims to use the fresh capital to expand its footprint in Europe. The…

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Liberian Central Bank Asks Local Crypto Startup to Drop its Plan to Launch a Digital Asset – Regulation Bitcoin News

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[ad_1] The Central Bank of Liberia (CBL) has warned against a local crypto startup’s plan to proceed with the introduction of a digital financial product without adhering to the required regulation. According to the CBL, this act will not only be illegal but this will likely “undermine the country’s financial system.” The CBL’s warning follows an announcement by an organization known as The Abundance Community Coin (TACC) that plans to launch a crypto asset on May 14. According to a report, TACC claims that its token “has been created to…

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