QED Investors hires Gbenga Ajayi as partner to focus on investments in Africa

In a move rarely made by Western venture capitalists, QED Investors announced today that it has hired an African partner, Gbenga Ajayi. He will focus on Africa investments as part of QED’s international team. Last September, the fintech-focused venture capital firm announced closing $1.05 billion for its oversubscribed seventh fund. TechCrunch reported that Fund VII, […]

VentureFriends raises $112M fund aimed at Southern Europe, Middle East and LatAm

Southern Europe has sometimes been seen as a little bit of a backwater in terms of venture capital funding. However, that has gradually started to change in recent years. Earlier this year Marathon Venture Capital in Athens raised a $47M fund. And LAUNCHub Ventures, is closing in on a €70 million final close. But today […]

Kickstarter plans to move its crowdfunding platform to the blockchain

Crowdfunding platform Kickstarter is making a big bet on the blockchain, announcing plans to create an open source protocol “that will essentially create a decentralized version of Kickstarter’s core functionality.” The company says the goal is for multiple platforms to embrace the protocol, including, eventually, Kickstarter.com. Kickstarter is launching a new organization called Kickstarter PBC […]

Hong Kong fintech unicorn WeLab raises $240M to buy Indonesian bank

A virtual bank is soon coming to Indonesia. WeLab, a Hong Kong-based fintech unicorn, announced Tuesday its acquisition of Bank Jasa Jakarta (BJJ), an Indonesian commercial bank. With the deal, WeLab is planning to launch a digital bank to capture the country’s enormous unbanked population in the second half of next year. A consortium led […]

With $3B expected in 2021, Singapore is becoming a fintech capital

Lee Li Contributor Share on Twitter Lee Li is a project manager and B2B copywriter with a decade of experience in the Chinese fintech startup space as a PM for TaoBao, MeitTuan and DouYin (now TikTok). More posts by this contributor With open banking on the horizon, the fintech-SME love story is just beginning Investment […]

Facebook’s top crypto executive David Marcus is leaving the company

Facebook parent company Meta is losing its top crypto executive later this year. David Marcus who leads crypto unit Novi and previously helmed the company’s Messenger unit, announced Tuesday that he will be leaving the company later this year. Marcus joined Facebook in 2014. His departure marks another major exit from a long-time Facebook executive […]