Venture capital firms (or just VC) provide a form of financing to small, early-stage, emerging firms that are deemed to have high growth potential, or which have demonstrated high growth (in terms of number of employees, annual revenue, or both).
Northmill, a Swedish fintech company, has received an SFSA (Swedish Financial Supervisory Authority) approval to receive a banking license. Experts are speculating that other competitors in this field such as Revolut and N26 should be worried.
In some relief to the Libra Association, officials from 26 central banks will be quizzing Facebook on the scope, scale, and implementation of the Libra project.
Square’s cryptocurrency-friendly payment app Cash App is reportedly testing a new feature allowing customers to buy and sell stocks. The startup’s employees began testing the new feature in recent weeks.
Coinme, a global leader in cryptocurrency ATMs, secured $1.5 million in funding from Ripple’s Xpring and the Blockchain Finance Fund to develop its cryptocurrency ATM network in the U.S. and international markets.
Teeth-straightening provider SmileDirectClub late Wednesday announced that its class A shares were priced at $23 a share, slightly above the $19- to $22-a-share range it had said it would be targeting. But yesterday its shares went down.
The Libra Association director granted an interview with a French news firm where he gave a bit more insight into the progress made so far including that the Libra will launch by the second half of 2020 with many members as well.
The announcement of Dash’s impending listing on Coinbase Pro comes slightly over a month after an announcement that the platform was exploring the addition of eight new digital assets.