Fasanara Fintech Weekly

Fasanara's Berlin-based Unicorn, UK Government Crypto Hub, Zuck Bucks & More




Happy Friday!



In this edition:


  • Fasanara-backed Grover wants you to rent your TV and it’s raised $330m to make it happen

  • UK government crypto ‘hub’ a significant moment for stablecoins, DeFi and NFTs

  • European retailers adopt new embedded finance offerings

  • Facebook plots launch of digital coins and lending services

  • Crypto mortgages test home buyers’ appetite in digital-currency world.





 


Grover wants you to rent your TV and it’s raised $330m to make it happen.



Germany’s stable of unicorns can count one more among its ranks after consumer tech subscription platform Grover raised $330m in Series C funding.


The Berlin-based company rents out electronics like computers, games consoles and smartphones, which are refurbished and rented again to new users. Its circular economy model aims to reduce the number of electronic devices that are left languishing in drawers — or worse, taken to the landfill. In 2019, electronic waste hit a record high at 53.6m metric tonnes.

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UK government crypto ‘hub’ a significant moment for stablecoins, DeFi and NFTs.



The government will consider ways to make the UK's tax system more attractive and create new avenues for collaboration with the industry.


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European retailers adopt new embedded finance offerings.



Exhausting experiences have long accompanied interactions with financial institutions. However, the financial technology (fintech) sector has helped to eliminate many of these complexities and made the customer experience seamless in various ways.


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‘Zuck Bucks’: Facebook plots launch of digital coins and lending services.




Facebook owner Meta has renewed its crypto ambitions with plans to roll out virtual coins and lending services to app users.


Meta Financial Technologies, Facebook’s finance arm, has been developing a digital currency to be used in the metaverse which is dubbed “Zuck Bucks” by company employees, the FT first reported.


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Crypto mortgages test home buyers’ appetite in digital-currency world.



Today, some Miami developers have enabled buyers to purchase homes in cryptocurrency since at least 2021. Now a pair of Miami lenders is going one step further by offering home mortgages in digital currencies.


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