Pre-recorded Layoffs and Hundreds of Open Roles, a16z Crypto Fund and Those Swimming Naked

Issue #149 — View online — Suggest a link
Fintech

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Hey fintech innovators,
This week we look into the crypto sell-off exposing “those swimming naked”, hundreds of layoffs and hundreds of open roles, the new $4.5b web3 fund by Andreessen Horowitz, Jack Ma’s Ant profit rise, IMF head on stablecoins, plus much more.
As always, if you like this newsletter, remember to share the love and tell your fellow fintech enthusiast friends to sign up here!
Take care,
Alessandro

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This Week in Fintech
The Cryptocurrency Sell-off Has Exposed Those Swimming Naked (Paywall)
The Cryptocurrency Sell-off Has Exposed Those Swimming Naked (Paywall)
And investors are beginning to discriminate, The Economist writes.
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As Klarna Cuts Jobs, Rival Fintechs Say They’re Recruiting for Hundreds of Roles
As Klarna lays off 10% of its workforce (with a pre-recorded video message), rival fintech firms Revolut and Wise say they’re hiring for hundreds of open roles.
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Amid Crypto Market Turmoil, Andreessen Horowitz Announces $4.5b Web3 Fund
Despite a gloomy outlook for crypto markets based on the past few weeks of token turbulence, venture capitalists looking to spend their way into a web3 future aren’t taking their foot off of the gas.
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Funding, Merger & Acquisitions
Citi Backs Crowdz, a Pipe Competitor That Just Raised $10m for Its Blockchain-Powered Invoice Financing Marketplace
Pipe competitor Crowdz raises $10M for its blockchain-powered invoice financing marketplace.
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Green Fintech Money App Tred Busts Crowdfund Target in Ten Minutes
Tred, a fintech startup building a carbon tracking debit card and app, has bust through its initial £600,000 crowdfunding target within ten minutes of going live on Crowdcube.
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UK Fintech Kapaga Scores £1.5m From Target Global
With the new money in its kitty, the cross-border payment platform for SMEs is looking to expand across Europe to introduce mass global payments.
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Something More for You to Read
Jack Ma’s Ant Ekes Out Profit Rise as Fintech Overhaul Advances
Billionaire Jack Ma’s Ant Group Co. saw profit inch up in the three months to December, despite setbacks from regulatory overhauls taming the country’s fintech industry.
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IMF Head Says Stablecoins Not Backed by Assets Are a ‘Pyramid,’ Hinting at UST Debacle That Crashed Markets
IMF Managing Director Kristalina Georgieva was hinting at the collapse of stablecoin terraUSD and sister token luna that fueled a crash in the crypto market.
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Viola Credit Closes $700m Fund to Provide Asset-Based Lending to Fintech Startups
The massive digital transformation going on right now has given rise to non-bank and alternative lending companies.
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Bolt Layoffs: Employees Vent Frustrations After $11b Tech Startup Axes Jobs
The checkout payments startup is shedding around a third of its workforce as tech ventures face an increasingly brutal market.
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Metaverse Real Estate – Next Big Thing or Next Big Boondoggle?
Highly prized plots of land are fetching fortunes on the biggest platforms. How do the economics of metaverse real estate stack up?
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Techstars Startup Digest Fintech is curated by:
Alessandro Ravanetti Alessandro Ravanetti - Fintech writer, copywriter & content strategist. Working in the fintech industry since 2011, previously as a founder and now as a consultant. Independent expert with the European Commission and SXSW advisory board member.
alessandro.ravanetti@startupdigestmail.com
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