Technology Updates

Digital Asset, a multi-party application platform, has closed its Series D round on $120m.

Singapore-based blockchain development startup Hashstacs Pte Ltd (STACS) raised $3.6m in pre-Series A funding.

Brooklyn-headquartered blockchain technology firm ConsenSys raised $65m from major banks and financial services players including JP Morgan, Mastercard Inc and UBS Group AG to fund its growth and global expansion.

FinTech companies continue to make waves as the last week witnessed a slew of heavyweights scoring millions of dollars with headlines being filled with decacorns and unicorns alike.

After the Easter long weekend, our weekly roundup of the big FinTech trends from the past seven days is all you need to keep yourself updated on what’s happening in the industry.

Veriff unveiled Face Match, an AI-powered feature that authenticates a person online with the aim to mitigate fraud and identity theft.

Out of the 33 FinTech funding rounds we reported on last week, cybersecurity companies and cryptocurrency-based enterprises were the clear winners.

Digital asset bank Avanti Financial Group completed its Series A funding round with $37m, bringing its total raised capital since inception to $44m.

FinTech firm Plaid unveiled the first cohort of startups in its new accelerator program, FinRise.

Vega, an end-to-end crypto trading and execution platform, has scored $5m in its latest funding round.