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Tala offers financial services to the traditionally unbanked through a consumer credit app that underwrites and distributes loans ranging from $10 to $500 with rates starting at 4%. The company says more than six million people have used the mobile app to borrow more than $2.7 billion across Kenya, the
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A new layer-2 ecosystem is on the rise and now it has $12 million to expand operations.Aurora, a project built on the NEAR blockchain allowing for Ethereum Virtual Machine (EVM) contracts to run on the chain, has completed an equity raise of $12 million at a $150 million valuation.The round
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Aurora, an Ethereum Virtual Machine (EVM) designed to scale decentralized applications (DApp) built on the Near protocol, has announced a $12-million debut funding round.The round included over 100 venture capital investors, including Pantera Capital and Electric Capital.According to an official statement, Aurora will use the funds to expand cross-chain capabilities
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Makor Capital, a brokerage and investment banking group, raised $17 million in Series A funding to grow Enigma Securities, its digital asset brokerage.The round valued London-based Makor at $200 million and was joined by blockchain company Algorand and billionaire hedge fund manager Alan Howard.Algorand CEO Steven Kokinos will join the
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The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies
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On Monday, the blockchain intelligence firm Elliptic announced the company has raised $60 million in a Series C financing round. Elliptic plans to leverage the capital to expand the team and “accelerate” blockchain research and development (R&D). Elliptic Raises $60 Million to Bolster Expansion There’s been a number of capital investments and
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Cryptocurrency risk management firm Elliptic has announced a $60 million Series C funding round led by Evolution Equity Partners and supported by a panoply of venture capital firms including SoftBank Vision Fund 2, as well as existing investors AlbionVC, Digital Currency Group, Wells Fargo Strategic Capital and SBI Group, amongst
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Elliptic, which helps track transactions on blockchains, has raised $60 million in a Series C funding round led by Evolution Equity Partners. The money will be used for research and development (R&D) and international growth.The funding will also help with expansion of Elliptic’s team, especially in the U.S.London-based Elliptic said
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A Cameroonian fintech start-up, Ejara, has raised $2 million to pioneer the usage of crypto and investment services in French-speaking African countries. Coinshares Ventures and Anthemis Group led the funding round in which they were joined by Mercy Corps Ventures, Lateral Capital, Lofty Inc Capital, and Netx Fund. Using Crypto to
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Blockchain has been one of the greatest advancements we’ve witnessed in the past few decades and maybe even in history. Bitcoin creator Satoshi Nakamoto created it with a view to upend traditional financial institutions and remove the middleman from the majority of transactions. Based on a trustless system where ‘miners’ authenticate
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