Author: Lucas Peterson
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Paytech Startup Link Receives $20 Million In Series A Funding!
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U.S. paytech startup Link has received $20 million in a Series A funding round led by Valar Ventures. Co-founders Eric Shoykhet and Edward Lando say the fresh money comes in addition to an undisclosed $10 million seed round last year led by Tiger Global and joined by Amplo, Pareto Holdings,…
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New Payment System Enza Launches In Africa!
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The African fintech Enza has launched its platform. The fintech’s provides a token-based, cloud-native, and API-first platform with the focus on providing the richest possible API environment for easy integration. According to McKinsey, the electronic payments market in Africa is expected to grow by about 150% between 2020 and 2025.
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German Trade Republic Triples Revenues And Losses!
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The fintech unicorn Trade Republic published its 2021 numbers. It has generated revenues of just under €100 million with €35 million losses. The broker app Trade Republic is currently valued at over five billion euros. The fintech allows users to trade stocks and cryptocurrencies. For each order, the startup charges…
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Investor Peter Thiel Earned Billions With Bitcoin & Co.
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Peter Thiel is one of the most controversial investors in Silicon Valley. The circumstances of his sudden exit from Bitcoin are unlikely to change that. Founders Fund, the venture capital firm co-founded by the German-born billionaire, earned around $1.8 billion in recent years by exiting the crypto market promptly, according…
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Introducing One Of The Most Powerful Influencers In Payment Tech: Spiros Margaris!
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Spiros Margaris acquired more than 127,000 followers on Twitter as a payment tech advisor and keynote speaker on insurtech, artificial intelligence, and fintech.
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Australian Payment System Till Payments Lays Off 120 Employees!
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Australian paytech company Till Payments has reportedly laid off 120 employees, about 40% of its workforce, as part of a major restructuring that has also seen the company appoint three new board members. Employees in the UK, North America, Australia and New Zealand were told that high inflation and challenging…
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The Machine Age: AI Could Generate 90% Of Online Content By 2025!
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Artificial Intelligence solutions such as OpenAI’s ChatGPT could completely transform digital content development, Nina Schick, a consultant, speaker, and thought leader in AI, told Yahoo Finance Live. “I think by 2025, we could have 90% of online content generated by AI, so this technology is exponential,” she said. “I think…
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Malware Spread Via Google Ads Drains NFT Influencers’ Entire Crypto Wallets!
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Malware hiding behind a sponsored ad link on Google siphoned thousands of dollars worth of cryptocurrencies and NFTs from an influencer’s wallet. The NFT influencer with the Twitter handle “NFT God” claims to have lost a “life-changing amount” of his net worth in non-fungible tokens (NFTs) and cryptocurrencies after accidentally…
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Microsoft: Could Invest Ten Billion Dollars In AI Chatbot According To Report!
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According to a report, Microsoft could invest ten billion dollars in an AI chatbot from OpenAI. An investment of ten billion dollars in OpenAI could be made by Microsoft, according to a report. According to the report, the company is in talks to invest in the company known for its…
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Austrian FinTech Finabro Renounces Asset Management License!
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Surprisingly, Viennese Fintech Finabro (website) has renounced its asset management license. Last February, the startup, focused on occupational pension schemes, raised five million euros and recently hired a new head of product, Matthias Heindl. The company’s spokeswoman, Melinda Mihoczy, explains what’s going on: