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Andreessen Partner Predicts More Libra-Type Crypto Efforts

PYMNTS

Mint’s decision to phase out production of pennies next year, a partner at Andreessen Horowitz, a California-based venture capital firm, said money will be digital by 2030, Bloomberg News reported. The company raised $350 million in 2018 for startups working on the blockchain technology underpinning digital coins.

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Virgin Galactic To Become First Listed Human Spaceflight Company

PYMNTS

Special-purpose acquisition company (SPAC) Social Capital Hedosophia Holdings Corp. The spaceflight company sees the arrangement as providing it with sufficient capital for funding until the time its spaceships have the ability to operate commercial and churn a profit.

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‘Ghost’ Kitchens Take A Bigger Role In Food Delivery

PYMNTS

million in fresh capital, a funding round that comes after one in May that brought it about $7.9 The idea is to capitalize on the trend toward food delivery thanks to the likes of Uber Eats, DoorDash and Deliveroo. which is developing robotic technology that can prepare and cook pizzas while en route to delivery.

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Facebook's Libra Hires HSBC Veteran As Managing Director

PYMNTS

The association said in a news release that “Emmett is a highly experienced financial services leader with a wealth of global experience in business, strategy, technology and operations, gained through his 25 years with HSBC.". In addition, government entities have become interested in “stablecoin” technology. On the heels of the U.S.

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Celebrating FinCrime Fighter Day: Honoring the heroes of financial security

Abrigo

It’s about supporting the people who safeguard banks and credit unions from the growing threats of financial crime and who keep capital flowing to small businesses and families. Deloitte expects synthetic identity fraud to generate losses of at least $23 billion by 2030. Staying on top of fraud is a full-time job. So, thank you.

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Saudi Startup Lendo Helps SMBs With Invoices

PYMNTS

Late payments and lack of working capital, [and]/or inadequate cash flows, are the main challenges that [SMBs] face. Lendo is backed by three venture capital firms in the Middle East, as well as a group of angel investors in the area. The startup was founded by Osama AlRaee and Mohammed Jawabri. .

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Want To Build A 630M, 10 Country Financial Services Ecosystem? Here’s What Grab Did

PYMNTS

The data collected about those drivers during their working hours in their vehicles — Grab knows driver accident rates, for instance — helps the platform operator determine who might make a good credit risk, and how much working capital can be extended to them.

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