Deal Activity, Deal Value on Carta Platform Declined Every Quarter of 2022

Wise (LSE:WISE), a global transfers and payment platform that is also an emerging neobank, says that in Q3 FY 2023 its 5.8 million customers moved 28% volume or £26.4 billion, in comparison to the same quarter year prior. Wise said that for its third consecutive quarter, more than 50%...

As this year’s week-long Chinese New Year holiday comes to an end, Ant Group would like to share some observations on Chinese consumers’ spring festival spending and trends. These findings “provide a snapshot of recovering consumption in China’s domestic market and outbound tourism market.”. Main findings...

Digital securities exchange ADDX has listed another alternative asset on its marketplace. The most recent offering is for the hedge fund Asia Genesis. According to ADDX, Asia Genesis is an Asia-focused macro hedge fund that aims to provide both capital preservation and positive annual compounding. Net return for 2022 was reported at +15.3%. The fund is said to trade exclusively in highly liquid exchange-listed futures and options. There is a monthly redemption option with no lock-in periods.

Yesterday, the UK government announced that it would assist the crypto industry by providing robust regulation of the emerging innovation. As industry insiders acutely understand, without clearly defined rules, risk increases, generating hesitancy and undermining acceptance of the technology. While policymakers in the US have yet to pursue a similar...

Eazy Digital, a Thai insurtech startup that provides digital platforms for insurance companies, has raised US$850,000 in an oversubscribed seed funding round. The investment round was “led by Wavemaker Partners, with participation from Seedstars International Ventures, Wing Vasiksiri, and Sasin Bangkok Venture Club.”. Eazy Digital is a platform that...

Ryan Singleton was a model from Atlanta, Georgia. Since he was young, he "wanted to be a star," his mother, Iris Flowers, remembers, reports WUSA 9. When Ryan was 21 years old, he left Atlanta and went to New York to pursue his dream.

Digital bank Zopa has raised £75 million ($93m) in order “to drive its next phase of growth, supporting its vision to become Britain’s best bank.”. The deal cements and markedly “enhances Zopa bank’s Unicorn status, and was led by existing investors.”. The proceeds from the...

The crypto-asset industry might have been struggling during the past year, however, global banking institution HSBC (NYSE: HSBC) is looking to enhance its expertise in the area, advertising for senior digital assets and tokenization professionals. The new roles, both at HSBC‘s Global Private Banking and Wealth (GPBW) business and both...

“The business model Celsius advertised and sold to its customers was not the business that Celsius actually operated.” – Court Document, Filed January 31, 2023. Celsius, one of the first big crypto firms to fail and file for bankruptcy protection, continues to meander its way through the US bankruptcy court, Southern District of New York. Today, an enormous document was filed by examiner Shoba Pillay, who was tasked with investigating and reporting on Celsius’ activity before it went bust, including allegations that Celsius was a Ponzi scheme.

Hamilton Lane (NASDAQ: HLNE), one of the largest private markets investment firms in the world, has listed its Equity Opportunities Fund V, on the digital securities platform Securitize. Going forward, Securitize and Hamilton Lane plan to launch two additional feeder funds in the coming months. The digital fund is tokenized...

The UK government has announced its intent to “robustly regulate crypto-asset activities.” In recent years, the UK has expressed its intent to become a crypto hub – supporting innovation while crafting a regime that provides sufficient consumer protections and transparency. The goal is to deliver on Prime Minister Rishi Sunak’s plan to grow the economy while enabling innovation. Crypto assets will be regulated similarly to traditional financial offerings.

Fundrise, a real estate investment platform that recently entered the early-stage investment sector, has filed to raise $19.7 million in a sale of Class B Common shares. Fundrise has raised growth capital for itself in the past using the Reg A+ securities exemption. The $19.7 million represents the approximate balance available under Reg A as an issuer may raise up to $75 million in a given year. In total, Fundrise has raised almost $170 million under Reg A+, plus another $7.2 million in a Reg D offering. The price per share of the sale of $15.15 is the same as last June.

Wafeq, a modern and easy-to-use accounting platform, has announced the completion of its $3 million seed round. The Dubai-headquartered company’s seed round was “led Raed Ventures by and saw participation from Wamda Capital, both of which are two of the most prominent names in the region’s early-stage funding ecosystem.”

QED Investors has appointed Melissa Ho as its lead in Southeast Asia as the Fintech VC focuses on the hot Asian market. QED is one of the leading Fintech venture capital firms in the world. Ho, based in Singapore, will be looking for Fintech firms across stages with an emphasis on early-stage companies.

BNP Paribas Asset Management (BNPP AM) announces the appointment of Geoff Dailey as Deputy Head of US Equities, with effect from February 2023. He will succeed Pamela Woo as Head of US Equities “following her planned retirement at the end of June 2023.” Pamela retires after “a long and successful career spanning 30 years in the industry, including almost 20 years at BNPP AM.”

Binance and Mastercard (NYSE: MA) are excited to announce the launch of Binance Card in Brazil. Brazil is among “the top ten markets for Binance globally and becomes the second country in Latin America to have the product, following its release last year in Argentina.”. The prepaid card is...

Commonwealth and JPMorgan Chase (NYSE:JPM) announced the next phase of their collaboration to address “the challenges and opportunities that emerging technologies present for advancing the financial lives of US workers earning low and moderate incomes, who are disproportionately Black, Latinx, and women-led households.”. This project will “advance the strategic...

Cowbell, the provider of cyber insurance for small and medium-sized enterprises (SMEs), announced the launch of Cowbell Academy, a unique institution that “offers insurance agents and brokers lessons on cyber insurance.”. The program “includes general classes such as Cyber Insurance 101, assessments to help brokers evaluate their level of...

Strike, which claims to be the world’s “leading” digital payments platform built on Bitcoin’s Lightning Network, announced the expansion of its “Send Globally” product to the Philippines. Send Globally now “enables fast, secure, and low-cost money transfers between the U.S. and the Philippines, revolutionizing...

Engage People, which claims to be the only loyalty network that enables program members to pay with points (PwP) directly at checkout, announced it is partnering with Velocity Logic, a reward technology company, “to allow bp retail consumers to use their loyalty and rewards points at the pump.”. bp...