Temasek Investments in Cloud, IoT, Other Deals Suggest “Minimal” Impact of FTX Write-off, GlobalData Claims

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...

Protecting and insuring against cyber risks are priorities for all companies and organizations. French cybersecurity firm EGERIE has raised 30 million euro, from investors with expertise in insurance and cybersecurity (Tikehau Capital, Open CNP, Banque des Territoires and TIIN Capital) in order “to help executives analyse and quantify the financial risks of cyber-attacks.”

Channel Capital Advisors LLP has closed a mezzanine funding facility with TP24, a European fintech lending platform. Channel is an FCA-regulated alternative investment fund manager (AIFM) “specializing in fintech, working capital and trade finance investments.”. Since 2014, the London-headquartered company has “deployed more than $9 billion of assets across...

Large enterprises today are facing significant macroeconomic uncertainty across the world, according to an update from Paysend. Alexander Budyakov, Enterprise Business Executive, Paysend, notes that the fallout of the COVID-19 pandemic continues “to disrupt markets and supply chains whilst inflationary pressures and fluctuating currency markets are complicating cross-border trade.”

Asset Reality, the end-to-end solution for digital asset recovery, has raised $4.91 million in a seed round led by Framework Ventures, a venture capital firm “known for its early entry into decentralized finance (DeFi).”. The investment round also “saw participation from TechStars; The Fund (who previously backed blockchain analytic...

Global Processing Services (GPS), a global payments technology platform, announced the appointment of Jim McCarthy as Executive Vice President – Global Head of Sales and Product, and Kevin Fox as the company’s new Chief Revenue Officer. In this newly created role, Jim will “lead GPS’ global commercial and...

Yield App has acquired Trofi Group, a platform that offers structured product solutions for cryptocurrencies, in response “to growing investor demand for enhanced yield investment opportunities.”. The acquisition adds four new structured product strategies “to Yield App’s product suite that offer the opportunity to capture upside across a range...

Freightos (Nasdaq: CRGO), a global freight booking and payment platform, has listed its shares on the Nasdaq. Freightos is a long-time OurCrowd portfolio company and represents another exit for the global securities crowdfunding platform. Freightos went public as part of a SPAC deal sponsored by Gesher I Acquisition Corp, raising...

On January 6, 2023, Okcoin launched its new Unified Account and API v5 (they skipped v4 since some of their users consider the number “4” bad luck). Okcoin is excited to share “this upgraded, more seamless trading experience with a select group of users.”. Over the next...

PrimaryBid and Winterflood announced a collaboration to further advance UK retail investor participation in equity and debt capital markets, including IPOs and follow-on fundraises. Together the firms will “offer API integration to any stockbroker or wealth manager wishing to distribute primary market deals to retail investor clients, leveraging the UK’s...

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.

Lloyds Banking Group has invested £4 million in Caura, an all-in-one motoring app designed to take the hassle out of car ownership. Caura for iOS and Android “provides a single, highly intuitive interface for all driving related payments.” It serves “the 30 million motorists in the UK today who currently find themselves using between 8-10 apps and websites to manage their vehicles.”

“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.

Investment crowdfunding, or crowd-sourced funding (CSF) as it is called down under, generated $72 million in online capital formation, according to an industry report. The information is compiled by Birchal, the largest online investment platform in Australia. Birchals has been providing this report for several years now. While a smaller...

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.”

January is a time of “reflection,” Bondora writes in a blog post while adding that they usually look back at the history of investing via the European investment platform. According to Bondora, it is “no surprise that there’s always been one main driver behind everything they do: you, their investors.”

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.

According to a Robocash survey, P2P investments confidently “remain popular among respondents with an average income.”. At the same time, the share of investors with large portfolios “is growing, reaching 35%,” the team at Robo.cash has revealed. At the end of 2022, investors with income from 2...

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...

Stellar blockchain proponents Tempo France and Armenotech have announced a partnership on payments and remittances, according to a note from the firms. Tempo France is an international money transfer system that recently utilized Stellar to power transfers in Europe and the Asia Pacific region. Tempo reports using over 100 payment methods in 100 countries globally.