Technology Updates

UK's Financial Conduct Authority (FCA) found that while people are increasingly investing in cryptoassets and no longer think of it as a gamble, they should be "prepared to lose all their money."

Payments solutions provider Checkout.Com has purchased Estonian software development firm Icefire for an undisclosed fee.

While Nubank’s massive Series G round and Klarna's $40bn valuation may have secured the most headlines last week, CyberTech and cryptocurrency ventures bagged the most capital injections.

Solana has raised over $314m through a private sale of its native token SOL led by Andreessen Horowitz and Polychain Capital.

Digital risk protection services company GroupSense and cryptocurrency intelligence firm CipherTrace are teaming up to help businesses identify threat actors and groups and thwart ransomware attacks.

InsurTech companies continued their winning streak last week among the 37 FinTechs that raised big rounds.

Bitcoin-focused financial services platform Unchained Capital has closed its Series A round on $25m.

US cryptocurrency company Circle has raked in $440m from a funding round.

While Covid-19 continues to haunt us, the FinTech industry continues to rake in millions of dollars. Neobanks and cybersecurity companies were the top-scoring sectors to raise investment among the 42 rounds that FinTech Global reported on last week.

Indonesia-based crypto-assets exchange company Pintu banked $6m to support its mission to drive industry adoption.