Lending Fintech Platform SoFi's Revenue Jumped More Than 55% in Q3
Nasdaq-listed lending fintech SoFi (SOFI) posted third-quarter revenue of around $424 million, a jump of over 55% from the corresponding quarter a year ago. Original Source
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FinTech
First Mover Asia: Hong Kong FinTech Chair Praises Crypto Friendly Policy Statement; Dogecoin Outshines Bitcoin, Ether
Neil Tan said that the statement by the Financial Services and Treasury Bureau acknowledged the importance of retail investors and would help clarify regulatory issues similar to other countries recent frameworks. Original Source
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Cathie Wood’s ARK Fintech Innovation ETF Buys More Coinbase
Both Wood and ARK generally remain quite bullish on Coinbase and crypto in general. 13F filings show that ARK has 7.7 million shares of COIN, and added around 2 million shares to its holdings throughout the last year. Filings show that throughout all of ARK’s buys of COIN, it has
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Fintech Bill Approved and Ready to Be Sanctioned in Chile – Regulation Bitcoin News
A fintech bill, which seeks to regulate fintech and cryptocurrency-related activities in Chile, has been approved by the deputy chamber of the congress, leaving it ready to be sanctioned by the president of Chile, Gabriel Boric. According to individuals in the sector, the bill is directed to stimulate innovation and
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What the Regulators Said at DC Fintech Week
Hey folks. I’m in Washington, D.C., this week for DC Fintech Week. I’m going to highlight some statements or comments that stood out to me, but on a personal note I wanted to say it was great to meet so many of you (and shoutout to those of you who
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Regulators Should Use ‘Range of Options’ in Fintech, Fed’s Barr Says
“Crypto assets have grown rapidly in the last several years, both in market capitalization and in reach," said Barr. "But recent fissures in these markets have shown that some crypto assets are rife with risks, including fraud, theft, manipulation and even exposure to money-laundering activities ... Crypto asset-related activity, both
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Celebrity-Backed Fintech for Teens, Step Receives $300M in Debt Funding
To date, Step has now raised over $500 million in equity and debt financing. Financial backers have included Crosslink Capital, payments firm Stripe, Coatue, General Catalyst, TikTok star Charl D’Amelio, actor Will Smith, and musicians Justin Timberlake and The Chainsmokers, among others. Source
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Interoperable QR Payments Reach Record Number in Argentina – Fintech Bitcoin News
Interoperable QR payments, a system that allows all digital wallets in Argentina to make payments in several stores, reached a record number in September. According to official numbers, 3.15 million payments were completed using this system, including cryptocurrency-based payments that exchanges like Bitso are already offering in the country. Interoperable QR
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US Tennis Player Serena Williams’ VC Firm Leads Ugandan Fintech’s $12.3 Million Pre-Series A Funding Round – Fintech Bitcoin News
The Uganda-based digital lending fintech startup, Numida, has said it will start offering its services to micro, small, and medium-sized enterprises in other African countries. Numida’s plans to offer its services to businesses beyond Uganda’s borders came shortly after it was announced that the startup had raised a total of
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Fintech App Eco to Convert User Balances From US Dollars to USDC
Eco will use digital settlement-service platform Zero Hash to custody the stablecoins. Original Source
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