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Nigerian blockchain payments startup Bitmama closes $2M pre-seed as it scales to new markets

TechCrunch

Africa is the world’s third fastest-growing crypto market, with crypto adoption increasing by more than 1,200% over the last two years. Despite African governments’ inconsistent stance on cryptocurrencies, these countries house most of the continent’s crypto and blockchain startups.

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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. Markets at TransUnion, is taking a seat on Spring Labs’ board. Blockchain and taking the politics out of tech. Spring Labs is one of them.

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Will Topps’ SPAC-led debut expand the bustling NFT market?

TechCrunch

The Exchange explores startups, markets and money. We care because Topps and its products are popular with the same set of folks who are very excited about creating rare digital items on particular blockchains. First, observe that the company’s pro forma adjusted EBITDA nearly doubled from 2019 to 2020. Why do we care?

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Digital securities platform iSTOX closes $50 million Series A to make private equity accessible to more investors

TechCrunch

Founded in 2017 and owned by blockchain infrastructure firm ICHX, iSTOX’s goal is to open private capital opportunities, including startups, hedge funds and private debt, that are usually limited to a small group of high-net-worth individuals to more institutional and accredited investors. (It million in funding.

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BTS enters NFT market in joint venture with Upbit

TechCrunch

stake in Dunamu , a blockchain-based fintech startup that runs cryptocurrency exchange Upbit, for $423.1 JYP Entertainment partnered with Dunamu to set up a K-pop-based NFT platform in July, while SM announced its launch to build a cryptocurrency and blockchain platform in 2019. . Hybe will buy a 2.5% million (500 billion won).

Marketing 247
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Blockchain startup XREX gets $17M to make cross-border trade faster

TechCrunch

Blockchain startup XREX was launched to help cross-border businesses in emerging markets perform faster transactions with products like a payment escrow service and crypto-fiat exchange platform. XREX’s last funding was a $7 million seed round in 2019.

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Nestcoin raises $6.45M pre-seed to accelerate crypto and web3 adoption in Africa and frontier markets

TechCrunch

Africans and people in emerging markets missed out on the first set of opportunities that technological advancements brought to the world. Africa’s cryptocurrency market grew by 1,200% to $105.6 Bademosi thinks this is because crypto trading alone cannot drive mass adoption of blockchain and crypto native applications.

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