“Autonomous accounting” platform Vic.ai raises $50M round led by ICONIQ Growth

Vic.ai, a startup that has built an AI-based platform it claims can “automate” enterprise accounting, has raised a $50 million Series B round led by ICONIQ Growth, with participation from existing investors GGV Capital, Cowboy Ventures and Costanoa Ventures, bringing total capital raised to $63 million. The company’s customers include HSB (Sweden’s largest real-estate management… Continue reading “Autonomous accounting” platform Vic.ai raises $50M round led by ICONIQ Growth

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We’re focusing on fintech at TechCrunch Disrupt 2021

Do you dig digital currency? Dream about decentralized finance? Need to know NFTs? Maybe you’re just crypto-curious. Heck, check “all of the above” and get ready to focus on fintech at TechCrunch Disrupt 2021 on September 21-23. Disrupt is known for bringing the top experts, visionaries, founders, investors and makers to the stage, and this… Continue reading We’re focusing on fintech at TechCrunch Disrupt 2021

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Financial automation startup Aurelia raises $3M Seed round led by Blossom Capital

Financial automation platform Aurelia has raised $3 million in seed funding led by Blossom Capital. Billing itself as a sort of “IFTTT for finance” aimed at small businesses that want to integrate their bank accounts with financial tools, Aurelia says this then gives them greater control over cash flow, taxes and more to automate normally… Continue reading Financial automation startup Aurelia raises $3M Seed round led by Blossom Capital

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SEC wants to regulate Coinbase’s crypto yield product, Coinbase disagrees

Coinbase CEO Brian Armstrong has reacted strongly to the company’s current relationship with the U.S. Securities and Exchange Commission. According to him, the SEC is threatening to sue the cryptocurrency exchange if it launches its yield-generating product called Coinbase Lend. With this new product, Coinbase wants to compete with popular decentralized finance (DeFi) products, such… Continue reading SEC wants to regulate Coinbase’s crypto yield product, Coinbase disagrees

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Goldman says $2.2B purchase of BNPL provider GreenSky will help expand Marcus

This morning, Goldman Sachs announced plans to acquire B2B2C lender GreenSky in a deal worth $2.24 billion. The acquisition, which is still subject to regulatory approval and is expected to close in the fourth quarter of 2020 or the first quarter of 2021, is positioned to bolster the firm’s consumer business and offer new products… Continue reading Goldman says $2.2B purchase of BNPL provider GreenSky will help expand Marcus

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Activists push to delay most high-profile climate summit since Paris agreement

Environmental activists, including Greenpeace and the Climate Action Network, around the world are calling on the United Nations to further delay a pivotal climate conference scheduled for this fall. The uneven rollout of COVID-19 vaccines around the world could prevent many delegates and advocates from attending, they say, especially representatives of countries hardest hit by… Continue reading Activists push to delay most high-profile climate summit since Paris agreement

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El Salvador becomes first country to adopt Bitcoin as an official currency

As of today, Bitcoin is an official currency of El Salvador alongside the US dollar, after the Central American country became the first to adopt the cryptocurrency as legal tender. At three minutes to midnight local time, the country’s populist president Nayid Bukele tweeted that the country was about to “make history” with the move,… Continue reading El Salvador becomes first country to adopt Bitcoin as an official currency

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EMX Exchange Halts Trading of USOIL-Perp After Crude Oil Crash

In brief: Everyone was shocked when US Oil prices hit zero and global futures contracts fell hard into negative territory.  Such an event had not been anticipated by the team at the EMX exchange.  The team halted trading of its USOIL-Perp contract.  Trading of the perpetual contract is yet to be reopened as the team… Continue reading EMX Exchange Halts Trading of USOIL-Perp After Crude Oil Crash

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PegNet Launches Mobile Wallet for Android

The fully-decentralized network of stablecoins, PegNet, announces the launch of the first mobile wallet for Android users to easily convert pegged asset tokens. PegNet wallet hosts 42 stable pegged asset tokens of the top fiats, cryptocurrencies, and commodities gold and silver PegNet is the first proof-of-work oracle-based stablecoin network for DeFi Fixed $0.001 cost for… Continue reading PegNet Launches Mobile Wallet for Android

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