Is Stripe Setting the Stage for a $1 Billion Game-Changer?

What we’ll cover today:

🚀 Could Stripe Be Gearing Up for a $1 Billion Deal?

💰 Is Blockchain an Efficient Money Management System?

🔐 Prepare for the Future of Identity Control.

🔗 The Event Roundup.

Could Stripe Be Gearing Up for a $1 Billion Deal?

Stripe, a leader in online payments, is rumoured to be on the brink of a transformative acquisition. 

This potential deal could position Stripe at the forefront of the burgeoning stablecoin market, expanding its influence and capabilities in digital finance.

• Source: Insider information cited by Bloomberg hints at a transformative shift in digital currency management.

• Founders: Bridge was founded last year by ex-Coinbase stars Zach Abrams and Sean Yu, aiming to simplify stablecoin operations for businesses.

• Investors: The startup has drawn significant investment from tech giants like Sequoia Capital and Ribbit Capital.

Here’s the whole article

1. The Best Way to Grow the Web3 User Base.

“Sustainability is extremely important and that is why we should use crypto. I strongly believe that bitcoin mining is far more efficient than any of the other costs used to manage any other asset type.” Said Changpeng Zhao, CEO of Binance.

Here’s The Whole Tweet

2. Prepare for the Future of Identity Control.

This is a podcast from Fintech Confidential. 

In this episode of FinTech Confidential, Tedd Huff and Colton Pond chat with Jonathan Awad, co-founder and CEO of Baselayer. 

They cover some pretty interesting topics around identity verification and fraud prevention for businesses, especially small and medium-sized ones.

Here’s The Podcast

1. Quiet week for FinTech deals with only 13 recorded.

Despite $736m being raised across all funding rounds FinTech Global recorded this week, only 13 key deals were reported.

Kiavi brought in the leading funding raise this week. This tech-enabled lender focuses on residential real estate investments that invested a large $400m through a securitisation.

2. TD Bank hit with $3bn in fines over AML failures.

Toronto-Dominion Bank (TD Bank), the sixth-largest bank in North America, is set to pay around $3.09 billion in fines following the resolution of investigations related to its US Bank Secrecy Act (BSA) and anti-money laundering (AML) compliance programmes.

3. Micro VC 8i Ventures exits M2P Fintech with 12x return.

Early-stage venture capital (VC) firm 8i Ventures, which had backed API infrastructure provider M2P Fintech as its first institutional investor, has exited the startup in its last funding round with a 12x return on its investment.