As financial technology continues to push boundaries, it’s no surprise that venture capital firms are following the trend and investing more into fintech than in any other sector. According to data from venture capital firms Sequoia and Andreessen Horowitz, they poured more money into fintech startups in 2022 than any other sector. The technology industry… Continue reading Sequoia and Andreessen Horowitz invested more in fintech than any other sector in 2022
Category: investment
The most expensive domain name in history isn’t doing too well with site traffic
When it comes to domains, some people think bigger and better. This is especially true for the most expensive domain name in history. The record-breaking domain cost a whopping $35 million and was expected to bring in humongous amounts of website traffic and generate massive profits from all the attention it would garner. However, despite… Continue reading The most expensive domain name in history isn’t doing too well with site traffic
leads investment
South Africa’s first digital insurance company Naked is set to receive an investment of $17 million from the International Finance Corporation, or IFC. This expansion of capital comes as the insurtech continues to expand its reach in the South African market. Naked Insurance was established in 2019 and has since become one of the leading… Continue reading leads investment
Tabby raises
Businesses in the GCC region have long been at the receiving end of international capital and technical know-how and now a new, cutting-edge startup has raised a large round of funding at a head-turning valuation. Tabby, the region’s first and only online payments platform, has secured $58M in a round led by PayPal Ventures, the… Continue reading Tabby raises
Protect lands
The tech world has been abuzz with news of a major investment in Protect AI – a San Francisco based startup that offers a cybersecurity solution for Artificial Intelligence (AI) projects. Last month, the company announced it had secured $13.5 million in series A funding to continue developing tools that help protect AI projects from… Continue reading Protect lands
Proposed legislation would force US higher education endowments to reveal where they invest
Recently, Democrats in both the US House and Senate have introduced legislation that would force US higher education endowments to reveal where and how they invest, creating much-needed transparency into a system that is currently very opaque. The proposed legislation, known as the Endowment Transparency and Accountability Accountability Act, is sponsored by Democratic Senator Chuck… Continue reading Proposed legislation would force US higher education endowments to reveal where they invest
Sam Bankman-Fried secretly handed $27 million to a major crypto news site and its CEO
In a surprise move, Sam Bankman-Fried, CEO of popular cryptocurrency derivatives trading and software platform FTX, has secretly handed a staggering $27 million to an anonymous crypto news and information site, as well as its Chief Executive Officer. The news was revealed on FTX’s official blog over the weekend, and sparked a great deal of… Continue reading Sam Bankman-Fried secretly handed $27 million to a major crypto news site and its CEO