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Fasanara Bi-Weekly Digest

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Softbank eyeing Revolut, Sport meets Fintech, Circle brings DeFi & Other News




Happy Monday!



In this edition:


  • SoftBank Reportedly in Talks with Revolut for Investment

  • Tiger Global in talks to back Indian fintech Yap.

  • MOU for Sports Wagering and Fintech Workforce Development & Innovation Center

  • Bringing institutional DeFi to the world.

  • Venezuela: Banking authority issues regulations for fintech services



 



SoftBank Reportedly in Talks with Revolut for Investment.



Revolut is planning to raise fresh capital at a valuation of approximately $30 billion.


SoftBank’s Vision Fund 2 and several other prominent investors are reportedly in talks with the UK-based financial technology firm, Revolut for the injection of fresh capital at a valuation of nearly $30 billion.


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Tiger Global in talks to back Indian fintech Yap.



Tiger Global is in advanced stages of talks to back Indian embedded finance startup Yap, according to more than half a dozen people familiar with the matter.


The New York- headquartered firm is in talks to lead a $35 million financing round in Yap.

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MOU for Sports Wagering and Fintech Workforce Development & Innovation Center.



The New Jersey Economic Development Authority (NJEDA) signed a memorandum of understanding (MOU) with New Jersey City University (NJCU) in Jersey City to help advance New Jersey’s leadership in the online sports wagering technology and financial technology (fintech) sectors. The MOU with NJCU will support the creation of a Sports Wagering and Financial Technology Workforce Development and Innovation Center.


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Bringing institutional DeFi to the world.