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Paystand banks $50M to make B2B payments cashless and with no fees

TechCrunch

The Scotts Valley, California-based company is using cloud technology and the Ethereum blockchain as the engine for its Paystand Bank Network that enables business-to-business payments with zero fees. Specifically, Almond would like to reboot digital finance, starting with B2B payments, and reimagine the entire CFO stack.

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

TechCrunch

Despite African governments’ inconsistent stance on cryptocurrencies, these countries house most of the continent’s crypto and blockchain startups. Chief executive officer Ruth Iselema founded the Africa-focused blockchain payments startup in 2019. Adam Umar is the company’s CTO, while Akinbola Asalu is the COO.

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Bielefeld survey highlights an emerging B2B, crypto, deep tech ecosystem

TechCrunch

Our survey respondents pointed out that the region is strong in sectors such as B2B because of the many old-school B2B companies in the manufacturing area. Deep tech technologies are a feature of the ecosystem, but there are “almost no B2C or direct-to-consumer” startups, said another respondent. B2B, deep tech technologies.

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Citi backs Crowdz, a Pipe competitor that just raised $10M for its blockchain-powered invoice financing marketplace

TechCrunch

Payson Johnston and Steven Lee started Crowdz in 2014 after working as B2B supply-chain senior managers for global processes at Cisco. For its part, Pipe came out of the gate with the same SaaS focus but has since expanded to working with non-SaaS companies as well. In 2019, Barclays Bank and Bold Capital Partners co-led a $5.5

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Three Reasons IOTA will Elevate Blockchain

Beyond B2B

Commonly referred to as blockchain, distributed ledger technology (DLT) is about to live up to the hype.

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Q3 outlook forecasts cloudy days ahead for fintech M&A

TechCrunch

Last week, Paystand — a blockchain-enabled B2B payments startup — announced it had acquired Mexican fintech Yaydoo — creating a new unicorn in the resulting new entity. has a legacy, centralized financial infrastructure that needs to be disrupted and re-imagined by fintechs with blockchain technology. and Mexico.

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LINE Ventures merges with YJ Capital, launches $271M fund

TechCrunch

DNX Ventures launches $315 million fund for US and Japanese B2B startups. In Japan, Z Venture Capital will focus on data and AI technologies in sectors like healthcare, cybersecurity and B2B, investing in all stages of startups from seed to late-stage. SIP Global Partners announces first close of its $150M fund to bring U.S.

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