Happy Monday!
In this edition:
SoftBank Reportedly in Talks with Revolut for Investment
Tiger Global in talks to back Indian fintech Yap.
MOU for Sports Wagering and Fintech Workforce Development & Innovation Center
Bringing institutional DeFi to the world.
Venezuela: Banking authority issues regulations for fintech services
SoftBank Reportedly in Talks with Revolut for Investment.
Revolut is planning to raise fresh capital at a valuation of approximately $30 billion.
SoftBank’s Vision Fund 2 and several other prominent investors are reportedly in talks with the UK-based financial technology firm, Revolut for the injection of fresh capital at a valuation of nearly $30 billion.
Tiger Global in talks to back Indian fintech Yap.
Tiger Global is in advanced stages of talks to back Indian embedded finance startup Yap, according to more than half a dozen people familiar with the matter.
The New York- headquartered firm is in talks to lead a $35 million financing round in Yap.
MOU for Sports Wagering and Fintech Workforce Development & Innovation Center.
The New Jersey Economic Development Authority (NJEDA) signed a memorandum of understanding (MOU) with New Jersey City University (NJCU) in Jersey City to help advance New Jersey’s leadership in the online sports wagering technology and financial technology (fintech) sectors. The MOU with NJCU will support the creation of a Sports Wagering and Financial Technology Workforce Development and Innovation Center.
Bringing institutional DeFi to the world.
Circle is soon releasing the easiest way for businesses to access DeFi, enabling companies to easily and confidently access new lending markets powered by decentralized finance. With our new DeFi API, businesses will be able to access leading DeFi protocols, beginning with Compound Finance on the Ethereum blockchain.
Venezuela: Banking authority issues regulations for fintech services.
The Office of the Superintendent of Banking Sector Institutions (SUDEBAN) issued Resolution No. 001.21 of 4 January 2021 to regulate the financial technology (fintech) services (“Resolution“)1. The Resolution entered into force on 17 June 2021.
The purpose of the Resolution is to regulate financial services provided through new technologies offered by Financial Technology Institutions (ITF) to institutions in the banking sector, as well as their organization and operation. In general terms, the Resolution establishes a regulatory framework so ITF can operate in Venezuela as Financial Technology Institutions of the Banking Sector (ITFB), with prior authorization issued by SUDEBAN.
Thank you for the time!
