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Investors are sitting on mountains of cash: Where will it be deployed?

TechCrunch

billion in its fourth fund targeting blockchain, bringing its total funds raised for blockchain-related companies to more than $7.6 The net/net: More dollars being raised with less deployed equals materially higher cash balances. This is on track to be the lowest reading since we can pull the data from 2017.

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Crypto asset management platform Cobo bags $40M Series B

TechCrunch

With interest in the crypto revolution soaring across Asia, it’s high time to expand blockchain infrastructures to meet the rising demand, especially as we’re seeing growing enthusiasm among institutions,” said the company CEO and co-founder Discus Fish, also known as Shixing Mao. “In Binance Labs leads $1.6M

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The IRS’s crypto tax partner, ZenLedger, raises $15 million Series B

TechCrunch

Since its founding in 2017, ZenLedger has managed to secure four contracts with the U.S. Still, Larsen added that ZenLedger is used by “Big Four” accounting firms, ultra-high-net-worth tax practices and CPA firms. The company supports over 500 exchanges, 50 blockchains, and 40 DeFi protocols including NFTs today, it says.

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YC W22 batch nets 24 African startups, including 18 from Nigeria

TechCrunch

” Founders : Henry Mascot started a company in 2017 to help hospitals digitize records. Founders: Femi Iromini, the startup’s CEO, previously worked with The World Bank Group, and Adedapo Sobayo has experience in blockchain development.

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How Amazon and Starbucks are Impacting the Cryptocurrency Market

CTOvision

According to statista, Amazon and Starbucks reported net sales of $178 billion and $2.88 billion in 2017, respectively, evidence these two companies are major players with global presence. Recently, both Amazon and Starbucks have showed intention to use blockchain technology and/or virtual currency in their systems.

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Top Digital Transformations Ruling Mobile App Development in 2021

Xicom

This shed light on two critical aspects : Firstly, the firm needs to manifold the ROI (Return On Investment) of their net new customer acquisition costs. Digital Transformation 6 – Blockchain Steps Ahead Than Crypto. Blockchain was imbued and thus was a bust in 2019. Secondly, focus on high client retention rates.

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Kenyan fintech Pezesha raises $11M backed by Women’s World Banking, Cardano parent IOG

TechCrunch

Founded in 2017 by Hilda Moraa , Pezesha has built a scalable digital lending infrastructure that allows both traditional and non-traditional finance institutions to offer working capital to MSMEs. The round also included a $5 million debt from Talanton and Verdant Capital Specialist Funds.

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