Startups in India Secure $19.3B in Venture Capital Funding During Jan-Oct 2022, Report Reveals

Genesis Global Holdco, LLC says that it has reached an “agreement in principle” with Digital Currency Group (DCG) and the ad hoc groups of creditors of Genesis Global Capital, LLC, which holds or represents more than $2 billion in claims, according to a note from Genesis. The agreement...

Binance, which claims to be the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider, has invested in GOPAX, a South Korean cryptocurrency exchange licensed “to provide fiat-to-crypto services to customers, as part of its Industry Recovery Initiative (IRI).”. In November 2022, GOPAX halted “the withdrawal of principal and...

OurCrowd is returning next week (February 15, 2023) with its investor summit, held in Jerusalem. The OurCrowd Global Investor Summit focuses on online capital formation and is the largest gathering of its kind globally. OurCrowd hit the pause button on the event following the emergence of the COVID health challenge.

Gobi Partners, the “most interconnected” Pan-Asian venture capital (VC) firm with US$1.5 billion (RM6.5 billion) in assets under management has “onboarded four more promising Malaysian startups to its Gobi Superseed II Fund (Gobi SSII Fund).”. The four firms “being onboarded are Islamic-themed streaming service Durioo+, e-commerce marketplace...

CI recently published an update on Reg CF [Regulation Crowdfunding], an exemption that allows a business to raise up to $5 million in an online securities offering. Investors may be non-accredited or accredited. While the legislation creating Reg CF was signed into law in 2012, it too several more years for regulators to enable issuers to raise capital under the new rule. Starting in 2016, Reg CF has now helped thousands of businesses to raise hundreds of millions of dollars online. This has led to tens of thousands of new jobs. But while not all businesses will be successful, some will – that is how a market economy works.

China's Foreign Ministry said the craft was a lost civilian balloon, the same explanation it gave for a suspected spy balloon that drifted over the US.

In 2023, it is anticipated that the availability of beef will decrease, leading Americans to seek alternative sources of protein and dietary staples. The USDA projects that the average American will consume 5.6% less beef in 2023, marking the largest decrease in consumption in almost four decades, as reported by Beef Magazine.

The North American Securities Administrators Association (NASAA), along with the SEC Office of Investor Education and Advocacy, and the Financial Industry Regulatory Authority (FINRA), have published an Investor Alert cautioning individuals on Self Directed Individual Retirement Account (IRAs) that enable investors to select assets that may be riskier. NASAA specifically...

Last week, it was reported that DealMaker had filed a lawsuit against Issuance, claiming that Issuance had utilized a relationship between the two firms to gain access to intellectual property to launch a similar service. DealMaker is a tech-enabled platform that helps firms raise money online. DealMaker reports over 689,000...

The UK government has released proposals for regulation of the cryptocurrency industry in hopes of “stabilizing the market while diminishing the incentives for users to flock to offshore jurisdictions.”. Perhaps one of the benefits of the post-FTX landscape is that regulators are now “urged to more clearly communicate necessary...

The Hong Kong Monetary Authority (HKMA) issued the consultation conclusion to the discussion paper on crypto-assets and stablecoins (the “Consultation Conclusion”), summarizing the feedback “received in relation to the paper and the HKMA’s response.”. In the Consultation Conclusion, the HKMA proposes “to bring certain activities relating...

Finastra recently unveiled Finastra ALM IQ, a risk management solution available for banks from March 2023. The unique Cloud-based balance sheet management tool “enables small and medium-sized banks to make confident decisions in shorter timeframes, making them more competitive against larger financial institutions.”. ALM IQ offers “a faster, deeper...

Decentralized cryptocurrency exchange Dexalot has launched on an Avalanche Subnet, marking a new milestone in “the evolution of decentralized trading protocols.”. The Dexalot Subnet aims “to replicate the user experience of a CEX without compromising on decentralization and transparency.”. Its team has “spent months building and refining its...

Fibery, the work and knowledge hub for startups, today announced that it has raised $5.2 million in a Series A funding round “led by Tal Ventures, with additional funding from Altair Capital.”. This investment round “brings total investment in the company to $8.3 million, following a $3.1 million seed...

Vancity took another step recently in its commitment to climate action. It is reportedly one of the first financial institutions in Canada “to offer its members a way to estimate the CO2 emissions that come from their purchases.”. Every Vancity Visa credit cardholder “can track the estimated carbon emissions...

Gate.io, which claims to be one of the world’s “leading” digital asset trading platforms, has chosen Coinfirm, a key player focused on analytics and anti-money laundering (AML) solutions for the blockchain industry, “as one of its key AML/CFT partners.”. The partnership will “give Gate.io access to...

Digital lender MONEYME (ASX:MME) has just released a trading update announcing it has returned to statutory profits “ahead of target, making it potentially the first fintech in Australia to return to profitability following recent challenging market conditions.”. MONEYME has “delivered >$8m NPAT and record revenue for 1H23, after previously...

CubiCasa, a global-reaching real estate software company, announced that New Mexico MLS has joined its MLS Partnership Program launched in December. Through CubiCasa’s program, New Mexico MLS members now “have access to free floor plans based on scans completed via the CubiCasa app, a discounted rate on optional add-on features like adding fixed furniture into a floor plan, calculating Gross Living Area (GLA) and an expedited delivery window, and access to an active directory of real estate photographers who are currently using CubiCasa.”

Klarpay AG marks a “significant” expansion of its international payment offering with the launch of 13 new currency IBAN accounts. This addition “enables digital companies, including online merchants, ad networks, marketplaces, and influencers, to collect and disburse payments in AED, AUD, CAD, DKK, HKD, HUF, JPY, MXN, NOK, PLN, SEK, TRY, and ZAR globally via their corporate Klarpay account in addition to the 80+ payout currencies which are already available.”

Extend, a virtual card and spend management platform, had a strong 2022 as customers embraced the opportunity ‘to add powerful controls and insights to their business credit cards.”. Since its founding nearly six years ago, Extend has “empowered companies to turn their existing credit card into a spend management...