Kyle Baird / The Block ·
Visa, Mastercard, Stripe, BlackRock, Coinbase, and 140+ companies join Open Standard to launch Open USD, a stablecoin that shares earnings from its reserves
Quick Take
Fintech
4 stories in the last two weeks
Bloomberg ·
Nebex, a fintech startup aiming to act as a broker platform connecting US space tech suppliers, foreign governments, and investors, raised a $30M seed led by GV
Alphabet Inc.'s GV venture arm led a funding round to provide $30 million in seed money to a fledgling space fintech company founded …
Bloomberg ·
Chinese robotics startup AI² Robotics raised ~$736M at a ~$2.9B valuation; Alibaba-backed X Square Robot raised an undisclosed amount at a ~$2.9B valuation
Two Chinese robotics startups have been valued at more than $2.9 billion in recent funding rounds, demonstrating steady interest …
Kurt Wagner / Bloomberg ·
Meta invests $900M into Indian fintech Cred for a ~20% stake, and plans to appoint Cred founder Kunal Shah as the leader of WhatsApp, replacing Will Cathcart
Meta Platforms Inc. is investing $900 million into Indian fintech startup Cred, with plans to appoint its founder, Kunal Shah, the new leader of WhatsApp.
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