Technology Updates

Bookkeeping and payroll FinTech startup ScaleFactor shuts down operations after raising over $100m in just over a year.

Reku, indonesia-based crypto exchange and marketplace, has raised $11m in Series A funding led by AC Ventures.

From cybersecurity unicorn Snyk's $200m funding round to payment service provider startup Mollie's €90m new cash injection, the last week was full of FinTechs completing funding rounds.

Having first partnered up to launch the Coinbase Card in 2019, Coinbase and Visa have now taken the next step in their relationship.

The owners of binary options company Blue Bit Banc are facing big fines for a scheme that involved the cryptocurrency ATM Coin.

The Libra Association has changed its name to the Diem Association to reinforce "its organisational independence" as the cryptocurrency could launch as early as January.

Fraud-fighting RegTechs and digital payment providers were among the 34 rounds raised by the FinTech industry last week, areas that are becoming more important during the pandemic.

Neobank Upgrade has strengthened its finances with a $40m investment round led by Santander InnoVentures, the Santander Group's venture capital arm, and will use the money to fuel the growth of current and upcoming products.

Xion Finance, which removes the manual process of investing into initial DEX offerings, has collected $50m in funding.

From: RegTech Analyst Hot on the heels of the industry doubling down on preventing financial abuse, one of Australia's biggest banks has stepped up to...