BNPL to Cover Essentials, NFT Loans, Europe on Crypto

One in 12 people turned to Buy Now Pay Later (BNPL) to cover basic costs - such as food and toiletries - in the last six months, Citizens Advice has found.

Europe rejected a ban on proof-of-work cryptos but set draft rules to protect consumers and make mining more sustainable.

ConsenSys raised an additional $450 million, doubling its valuation as it builds out MetaMask, Infura and other products.

Kyash, a Tokyo-based mobile financial app, has raised $41.2 million (4.9 billion JPY) Series D funding. The round comes from a number of investors including Japan Post Investment Corporation, Block (formerly Square), Greyhound Capital, SMBC Nikko Securities, and others. 

Payrails, founded by three former Delivery Hero staff, is Andreessen Horowitz’s first fintech bet in the DACH region.

The 25 biggest banks by assets have seen 22 changes in chief executive and chair over the past two years, including announcements of upcoming appointments, according to a Reuters review of senior industry roles. Twenty-one of those 22 jobs went to men.

Luno, a subsidiary of Digital Currency Group (DCG), today announced that it is launching Luno Expeditions, an early-stage investment arm to back fintech and crypto/web3 startups globally. The fund will leverage DCG’s seven-year experience of backing web3, DeFi and crypto startups as it looks to expand its investment activity to reach more early-stage businesses at the pre-seed stage.

Stripe has rolled out payment support for crypto businesses including a partnership with FTX that also involves helping it with KYC.

Fintech is heavily focused on money… so can it be a force for good? Fintech asked a panel of four experts