Grit Daily Finance
Olga Vorobyeva on DeFi: “It’s like bringing the casino into capitalism”
Decentralized finance (DeFi) is booming. And among everything blockchain has to offer, DeFi is one of the most legitimate sectors and – arguably – the most promising. But like everything in life, it has its pitfalls too. “Decentralized finance allows anyone a do-it-yourself version of investment banking, supported by high rewards and high risks; it’s […]
Millennials Created Meme Stocks: Prior Generations Are Reaping The Benefits
A report by Openmarkets Group (OMG), an Australian trading and wealth management fintech, has found that millennials are getting outperformed when it comes to meme stock investing. The concept of meme stocks was the result of the viralization of Gamestop (GME) and AMC Entertainment (AMC) during the Gamestop short squeeze of 2021. This event, which […]
Data Management Startup Rose Technology Closes $5.5 mln Seed Funding Round
Rose Technology, a New York-based data management startup, has closed a $5.5 million seed funding round to revolutionize how organizations and individuals deal with data. The seed funding round was led by Toronto-based Portage Ventures and counted with participation from important firms like BoxGroup and Sound Ventures. The new capital will allow Rose Technology to […]
Protecting $50 billion in funds, DeFi security outfit Immunefi is a metaphor for all startups
Decentralized finance – DeFi – has exploded over the last couple of years. And with any fast-moving new tech sector, some people will attempt to take advantage of the industry, which means DeFi security is a booming sector as we protect against an ever-increasing amount of hacks, breaches, and exploits. One startup – Immunefi – has gone […]
Crypto Startup Floating Point Raises $10 mln in Series A Funding
Floating Point Group, a crypto startup based in Hoboken, has raised $10 million in Series A funding to continue disrupting the crypto industry. The Series A funding round counted with participation from investors like Tribe Capital, Anthony Scaramucci, Coinbase Ventures, Gettlylab’s F A S T, CapitalX, Borderless Capital, Formulate Ventures, etc. Floating Point Group will […]
Fintech Startup Neo Financial Closes $64 mln Series B Funding Round
Neo Financial, a Calgary-based Fintech startup, has closed a $64 million Series B funding round to revolutionize how people use their money. The round was led by Valar Ventures, who also led the Series B round, and counted with participation from Greenoaks Capital, Altos Ventures, Breyer Capital, Golden Ventures, Afore Capital, Inovia Capital, Thomvest, and […]
Cryptocurrency Exchange Startups Vie for Bitcoin Buyers
People are becoming increasingly interested in purchasing cryptocurrencies. There is no need to be surprised, as this is seemingly an amazing investment option for almost anyone. The most well-known cryptocurrency is, of course, Bitcoin (BTC). It may look really difficult to invest in this crypto, but it is much simpler than it appears. Do not […]
Al-Powered Fintech Startup Zeni Raises $34m in Series B Round
The Palo Alto and Pune-based AI-powered fintech startup Zeni has completed a Series B fundraising round and secured $34 million. It is an advanced fintech platform that allows companies to do all their financial tracking in one place. Elevation Capital led the fund. Other investors included Neeraj Arora, Think Investments, Sierra Ventures, Saama Capital, Twin […]
Visa Looks to Buy EU-Based Tink for $2.1 billion
Visa is reportedly in the market for Tink, the Swedish FinTech firm that is remarkably similar to Plaid – which Visa tried to buy already. In the US, the Justice Department opted to deny Visa the opportunity to buy Plaid. Now, Visa is working to buy a company that does almost the same thing in […]
Is Venture Capital the Right Model for Investing in Africa?
Whether venture capital is the right model for investing in Africa was the topic of a recent clubhouse chat which discussed funding models in Africa to support African innovation. The conversation consisted of a number of seasoned entrepreneurs and investors with experience investing in the continent. Panelists included Geetha Tharmaratnam, a Partner at Aequalitas Capital and […]
AI-Enabled Data Control Revolutionizes Fintech
Data Control Platforms Leverage Machine Learning & AI The financial crisis of 2007 – 2008 resulted in marked changes to the institutional financial sector landscape. Weaknesses were brought to light and financial institutions were forced to reevaluate how they were managing data and restructure as a result. Then 2020 brought with it a global pandemic, […]
Why Are You Blaming The System For Your Failure? How to Work It To Your Advantage
There has been no better time to grab the system by the reins and leverage it to set up your own online business and make money from home. Hiding behind excuses has never propelled an entrepreneur to head-spinning success and financial freedom. There is an overflow of rules that can be exploited to help drive […]