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Why TransUnion led blockchain fintech Spring Labs’ $30M Series B

TechCrunch

Consumer credit reporting agency TransUnion recently announced it had invested an undisclosed sum in Spring Labs, which is building out a blockchain-based data-sharing platform. A number of fintechs have popped up as of late aiming to disrupt the traditional model of evaluating an individual’s creditworthiness.

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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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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. Taking a step back, I think, has the macro market impacted the investment world? seed round to help other fintechs wrangle data.

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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. The sooner a retailer can gain a toehold in the market and start to gain mindshare the better positioned they will be when they start to scale.

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‘AWS for blockchain’ Alchemy boosts valuation to $3.5B with $250M raise

TechCrunch

Exactly six months after raising $80 million at a $505 million valuation, blockchain and Web3 development SaaS startup Alchemy has raised $250 million in a Series C funding round that values the company at $3.5 For one, it represents one of a16z’s largest Web3/blockchain investments to date. In June, the firm revealed its $2.2

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Diversification Putting Pressure on FinTech Executives

N2Growth Blog

With technology reshaping the global business landscape, many companies will be pushed to fundamentally reconsider their ways of doing international business, diversifying into new product categories and adopting a “borderless” expansion model. Undoubtedly, this is putting added pressure on FinTech executives.

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FlexID gets Algorand funding to offer self-sovereign IDs to Africa’s unbanked

TechCrunch

Much of the world’s attention around blockchain is on the highs and lows of cryptocurrency values. Startups like FlexID remind us that distributed ledger technology has the potential to play other roles, including offering trusted records of identities without the need for a centralized authority.