Cryptocurrency giants KuCoin and Circle are joining forces to advance the businesses’ massive efforts to build out a yuan-pegged stablecoin. The two businesses have announced a $10M round to back the project. Stablecoins are digital assets which are designed to keep the value of their trading pairs close to the intrinsic value of a particular… Continue reading KuCoin and Circle back Chinese yuan-pegged stablecoin in $10M round
Category: round
Entitle raises
Today, the software development company Entitle announced the closure of a $15 million seed round that will be used to modernize permission management solutions. The investment was led by Greylock Partners and Emergence Capital, and is part of a larger $27 million Series A investment announced in June 2020. Entitle, founded in 2019, offers a… Continue reading Entitle raises
neobank raises
Peer-to-peer lending platform Zopa recently reached a major milestone in its journey from fintech pioneer to established neobank. The UK-based firm closed a series C equity round valued at more than $93 million, placing its overall valuation above the billion-dollar mark. The funding round was led by IAG Capital Partners and included participation from Augmentum… Continue reading neobank raises
Ventures leads
In today’s world, blockchain technology is taking over the traditional financial industry. In order to secure and streamline transactions, it is quickly becoming the go-to system for a variety of business interests. However, in many cases, the complexity and cost of scaling blockchains efficiently can prove difficult. Recently, Haun Ventures, a venture capital firm, has… Continue reading Ventures leads
Google cuts 12,000 jobs in latest round of big tech layoffs
As of August 2020, Google has announced a major restructuring of its workforce, cutting 12,000 jobs across the globe. This marks the latest round of swathes of layoffs among big tech companies this year. Google’s 12,000 employees, equating for about 2% of their workforce, are primarily from their ‘smart devices and services’ business, which covers… Continue reading Google cuts 12,000 jobs in latest round of big tech layoffs
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
Automotus raises
In an effort to revolutionize the way cities manage their curbs, Automotus has just announced that they have raised $9 million in a Series A round of funding. The startup is aiming to use this money to scale their innovative automated curb management technology to more cities around the world. Automotus, founded in 2018, develops… Continue reading Automotus raises