FinTech Weekly Issue #392 - Is It Just The Beginning?
Issue #392 - Is It Just The Beginning?2022-12-01It was a tough week for fintech and the crypto space. The consequences of the collapse of FTX begin to become evident, and it could be just the beginning. BlockFi finally filed for bankruptcy in the US: the crypto space was the sector that absorbed most investments in 2022, will it be the same after all this bad news? Only time can tell us what will happen in the future, and we also need to wait for further developments in the regulatory environment: in December, the Fed might raise the interest rate again. How will this impact the economy? A lot of questions that still need answers, but fortunately, there are also success stories – especially in the fintech space. This and much more in this number of FinTech Weekly! |
Top Stories
Top Events
Podcasts and Videos
 | AI and FintechThe Chief Product Officer (CPO) at Magnifi, Tom Van Horn, joins Paul Sweeney and Matt Miller, hosts of Bloomberg's show, to discuss the future of fintech and artificial intelligence, talking about the AI tool that helps investors to make better decisions. |
Crypto
 | Crypto Remains Largest Investment Sector in 2022, Outpacing Fintech And BiotechWeb3 and decentralized finance (DeFi) absorbed the venture capital space in 2022. Crypto is the sector that received more investments, surpassing fintech and biotech. |
Banking
 | Neobank For Businesses Raises Its Valuation To $720 Million Despite Fintech DepressionDespite the fact that fintech is going through tough times, some fintech firms still manage to succeed and raise their valuations. One of these success stories is Novo, the small business banking platform based in Miami, which managed to raise $35 million in its last funding round, reaching a pre-money valuation of $720 million. |
Innovation
 | Australian fintech firm launches new AUD stablecoin, AUDEThe Australian fintech startup Ettle has completed the first transaction with its newly created stablecoin, AUDE. This stablecoins is pegged to the Australian dollar and its blockchain runs on Ethereum and Algorand - but the fintech firm is evaluating other blockchains compatible with Ethereum. |
Fintech
 | Orda raises $3.4 million seed round to digitise African restaurantsAfrican fintech thrives, and it's improving the quality of life and allowing for impressive innovation in the continent. Orda, the African cloud operating system provider, has recently raised almost $3.5 million to further digitize restaurants and other food businesses in Africa. |
 | Want to build a global open banking fintech? Move to AmericaEven if the UK has been considered, for a long time, the best place to build a fintech - especially a global fintech, now the best place may be the US - and Brad Goodall explains why. |
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