Fintech threat to big banks eased in 2022 as prices rose – report
Feb 15 (Reuters) – The competitive threat from financial technology companies to big banks eased over the past year as rising interest rates constrained funding, a...
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Crypto stocks plummet after Silvergate decides to shut down
March 9 (Reuters) – Shares in crypto-focused companies fell on Thursday after Silvergate Capital Corp ( SI.N ) revealed plans to wind down operations and voluntarily...
Instant View: Silvergate’s planned liquidation fuels another crypto rout
March 9 (Reuters) – Silvergate Capital Corp ( SI.N ), one of the largest banks in the cryptocurrency industry, said on Wednesday it plans to wind...
Fintech company GrayQuest, IoT-based Probus, others raise early funds
Fintech startup GrayQuest, smart grid automation platform Probus and SaaS startups Houseware and I-CampusBuddy have raised early-stage funding, according to their respective statements on Thursday. GrayQuest...
Crypto-focused bank Silvergate plans to liquidate after a blow from FTX
March 8 (Reuters) – Crypto-focused bank Silvergate Capital Corp ( SI.N ) said on Wednesday it plans to wind down operations and voluntarily liquidate after it...
Fintech firms may struggle to find investor love in the new US IPO market
March 8 (Reuters) – The once high-flying fintech startups looking to go public will have a hard time attracting investors’ attention, even as a freeze that...
PremjiInvest leads the $110 million funding round for fintech startup Mintifi
Supply chain finance platform Mintifi on Wednesday said it has raised $110 million (Rs 902.5 crore) in its Series D funding round led by PremjiInvest, the...
The court will hear arguments in Grayscale’s lawsuit against the SEC over bitcoin funds
WASHINGTON, March 7 (Reuters) – Federal appeals court judges are set to hear arguments on Tuesday in Grayscale Investments’ case against the US Securities and Exchange...
Pakistani fintech startup Trukkr raises $6.4 million, gets lending license
KARACHI, Pakistan, March 7 (Reuters) – Trukkr, a fintech platform for Pakistan’s trucking industry, said on Tuesday it had raised $6.4 million in a funding round...
Cryptoverse: Hooked on growth, bitcoin investors turn to smart tokens
March 7 (Reuters) – For investors living on the digital edge, bitcoin is starting to look a little old-fashioned. Hooked on high growth, some are turning...