Welcome to Techcrunch Fintech! This week, we dive into:
PS We take holidays for the holidays! Techcrunch Fintech Scribe Mary Ann Azevedo will be back in your reception box on January 7. ❄️
The great story
How stable technology can supply billions of cross -border transactions
Juicyway is an African fintech that takes advantage of Stablecoin technology to supply rapid and inexpensive cross -border payments. The company was launched from stealth after treatment More than a billion dollars in volume of transactions For thousands of African companies in the past three years.
The company claims to have processed more than 25,000 transactions, generating $ 1.3 billion in total payment volume of 4,000 users. According to its founders, Juicyway has accumulated these figures without application accessible to the public or marketing efforts – and rather relied on word of mouth references.
One type of client for a cross-border payment platform would be a payment company, but Juicyway is representative of a new wave of platforms powered by Stablecoin technology which calls into question conventional methods on developed and emerging markets.
Dollars and cents
Mynt collected 22 million euros In a tour led by Vor Capital. Mynt has now raised around 50 million euros in total, and from what we understand, this funding values the company at around 200 million euros.
Upvest announced a 100 million euros in series C Directed by Hedosophia. Although the company does not disclose its valuation after the round, Uplest said that it was “much higher” than the previous one.
The XV and Hongshan peak have CO-A directed a seed investment of $ 10 million in Kast, A Neobank type platform labeled in dollars which allows customers to hold and spend stoves via traditional payment avenues.
Cardekho Sea lifted $ 60 million in equity, Evaluate the company to more than $ 300 million. This is the first cycle of external financing of the company, following a previous investment of $ 40 million from the parent company Cardkho Group.
Finesse lifted $ 4.2 million In a round of seeds co-directed by Maple VC and HNVR to develop its engineering team and improve its product which uses AI to correspond to financial advisers with potential customers.