Fintech Focus For July 8, 2021

Quote To Start The Day: “Whoever is happy will make others happy too.”

Source: Anne Frank

One Big Thing In Fintech: Here’s the theory: Instead of linking carbon and biodiversity credits to the sale of raw materials such as forests, which cause CO2, what if you linked them to crypto tokens, and thus kept these CO2-producing materials in the ground?

That’s the theory behind Single.Earth, which has now raised a $7.9 million seed funding round led by Swedish VC EQT Ventures to, in its own words, ‘tokenize nature’. Also participating in the round was existing investor Icebreaker, and Ragnar Sass and Martin Henk, founders of Pipedrive. The funding will be used to launch its marketplace for nature-backed MERIT tokens.

Source: TechCrunch

Other Key Fintech Developments:

  • Powell, Coinbase CEO linking up.
  • Zerion has added $8.2M in funds.
  • Apex Fintech added new leaders.
  • Coast secures a $6M seed round.
  • Kearny and Neocova partner up.
  • Altruist expanding model market.
  • Solrise raises for asset managing.
  • VyStar picks Nymbus for banking.
  • Tendermint intros crypto app store.
  • DAO secures $7.7M from Galaxy.
  • Schwab pays fine on robo probe.
  • Female fintech CEO raised $18M.
  • Chime customers file complaints.
  • Blockpit raises $10M in Series A.
  • CoinShares added Elwood ETFs.
  • NY is looking to crypto disclosure.
  • BMO turning to fintech innovation.
  • Voyager leading crypto education.
  • Equiti selects FlexTrade platform.
  • Closing the fintech inclusion gaps.
  • Fidomoney fintech now live in UK.
  • Juni adds $21.5M for neobanking.
  • Bunq adds $228M at $1.9B value.
  • Japan CBDC issuance is unclear.

Watch Out For This: Global venture capital funding in the first half of 2021 shattered records as more than $288 billion was invested worldwide.

That’s up by just under $110 billion compared to the previous half-year record that was just set in the second half of 2020.

Source: Crunchbase

Interesting Reads:

  • TikTok targeting creator economy.
  • Pelosi and gang love buying calls.
  • Ransomware is the IRS of bitcoin.
  • How long may a bear market last?
  • Mistakes to avoid for smooth exit.

Market Moving Headline: Federal Reserve officials were not ready to communicate a timeline for scaling back asset purchases due to high uncertainty on the economic outlook, a record of their June gathering showed, though they did want to nail down a plan in case they have to move sooner.

Source: Bloomberg

Posted In: AltruistApex Fintech SolutionsBMOBrian ArmstrongCharles SchwabCoinbaseJerome PowellPelosiTikTokFintech

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