Tag: Digital Currency Group

Cairo-based FinTech Munify, which focuses on cross-border digital banking solutions for Egyptians living abroad, has secured $3m in a seed funding round.

Cybersecurity startup Innerworks, which specialises in Synthetic Threat Intelligence, has secured €3.7m ($4m) in seed funding to expand its AI-powered fraud detection technology. The round...

Indonesian FinTech company Skor Technologies, the creator of Skorlife and Skorcard, has successfully raised $6.2m in a pre-Series A funding round led by Argor Capital.

Zone, an emerging powerhouse in Africa's financial technology landscape, announced a significant milestone in its growth trajectory with the completion of an $8.5m oversubscribed seed funding round.

AlloyX, a platform in the DeFi sector that specialises in aggregating tokenised credit, has bagged $2m and launched a new product. 

Genesis Global Holdco (GGH), the parent company of struggling crypto brokerage Genesis, has filed for bankruptcy protection.

Cryptocurrency brokerage Genesis reportedly owes creditors over $3bn, which is prompting its owner, Digital Currency Group (DCG), to sell assets in its venture portfolio to raise money.

 Genesis, a cryptocurrency brokerage, is reportedly set to receive a $140m equity infusion from its parent company, Digital Currency Group, to support its balance sheet.

CLST, an institutional-only lending and borrowing platform for stable coins and cryptos, has closed a multi-million-dollar seed round.

Digital asset management platform Gnosis Safe has reportedly raised $100m in a funding round, alongside the rebranding to Safe.