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Fintech infrastructure startup Prime Trust raises $100M to add IRAs, crypto staking

TechCrunch

There’s been a massive proliferation of fintech services in the past few years, during which fintech companies competed to develop new products more quickly than their competitors. The crypto infrastructure space is relatively busy , with startups of all stages such as Blockdaemon and Cryptio competing for share.

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There was just one fintech unicorn birth in the first quarter

TechCrunch

Global fintech funding totaled $15 billion in the first quarter of this year, growing 55% from the fourth quarter, according to CB Insights’ latest State of Fintech report. First, 2020 and 2021 were unique years where investment in fintech broke records. By comparison, fintech funding amounted to $75.2

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Daily Crunch: Marqeta acquires fintech infrastructure startup Power Finance for $275M

TechCrunch

billion, looks to eat up even more of its market. million to help scale blockchains. Sharing is caring : Raylo raises $136 million to build out its gadget lease-and-reuse “fintech” platform , reports Ingrid. Lemme send myself a note : Ivan explores Stashpad, a notepad for devs with a “DM to yourself” interface.

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Q3 outlook forecasts cloudy days ahead for fintech M&A

TechCrunch

Every week, I’ll take a look at the hottest fintech news of the previous week. There’s a lot of fintech news out there and it’s my job to stay on top of it — and make sense of it — so you can stay in the know. — Mary Ann. We are starting to see some of the public market valuations impact private market valuations.

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Stronghold launches $100M venture arm to invest in underrepresented founders and fintech

TechCrunch

Payments infrastructure company Stronghold has launched a venture capital arm to deploy $100 million of its balance sheet capital in startups and funds in three core strategies — underrepresented founders, fintech, and web3, CEO Tammy Camp told TechCrunch in an interview. It has raised $3.3 billion, the company says.

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3 ways fintech companies can help retailers launch financial services

TechCrunch

This is where fintech can step in. As more and more retailers make this move, partnering and collaborating with fintechs can help them build, scale and secure their financial offerings. Building infrastructure and providing top-notch cybersecurity is at the core of what we do, not the sideshow.

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London-based Fidel API lands $65M in Series B funding, proving fintech infrastructure is hotter than ever

TechCrunch

Financial infrastructure startup Fidel API has raised $65 million in a Series B funding round led by Bain Capital Ventures. With this infrastructure, developers are able to create highly contextualized and event-driven user experiences at the point of purchase,” it claims. The company did not disclose its valuation.