Fasanara Fintech Weekly

Fasanara backed Scalapay Becomes A Unicorn, DeFi Loans, TransUnion BNPL Tool & Other News




Happy Friday!



In this edition:


  • Fasanara backed Scalapay becomes first Italian unicorn after raising $497 million in a Series B round

  • Global fintech blockchain market to reach US$8.7 billion by the year 2026

  • One of the biggest crypto traders is tapping DeFi loans for funding

  • Stars aligned for personal digital lenders to crush pre-pandemic levels in 2021

  • The TransUnion launches BNPL credit tool.




 


Fasanara backed Scalapay becomes first Italian unicorn after raising $497 million in a Series B round.



It's been a long time coming, but Italy now has its first unicorn in Scalapay as the buy-now-pay-later company raises $497 million in a Series B round.

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Global fintech blockchain market to reach US$8.7 billion by the year 2026.



Blockchain technology is transforming the operations in various industries, including the financial services sector. The combination of blockchain and fintech is emerging as the most promising technology mix, which has the potential to transform the fintech industry. Fintech blockchain, the finance technology application of blockchain technology, offers solutions, software, among various fintech blockchain services leveraged by businesses that deliver improved and automated financial services. Growth in the global fintech blockchain market can be attributed to factors such as growing consumer demand to own and invest in bitcoins; rising need for cheaper, quicker, cross-border payment systems; greater compatibility with ecosystems in the financial services industry; and the escalating requirement for comprehensive security mechanisms.


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One of the biggest crypto traders Is tapping DeFi loans for funding.




Alameda Research, the cryptocurrency trading juggernaut founded by Sam Bankman-Fried, is funding a portion of its $5 billion in daily trading activity with money provided by decentralized-finance lenders.


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Stars aligned for personal digital lenders to crush pre-pandemic levels in 2021.



Cloud has emerged as one of the most important battlegrounds for tech talent. Despite the fact that there is more than $1 trillion of new value at stake in the cloud,organizations are struggling to capture those benefits because they don’t have the right talent in place.


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The TransUnion Launches BNPL Credit Tool.



In what it described as a move to promote financial inclusion for 100 million buy now, pay later (BNPL) users, TransUnion has launched a new suite of solutions designed to help these people get and establish credit.


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