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Lolli partners with Alibaba for US Shoppers to earn ‘Free Bitcoin’
Alibaba has now gone into a partnership with Bitcoin the (BTC) rewards shopping app company Lolli, which will enable e-commerce shoppers to earn 5% back in Bitcoin. Alibaba customers can now get Satoshis (sats), the smallest unit of Bitcoin currency, worth 0.00000001 BTC, when shopping “thousands of items online,” Lolli says.MORE >>>
“I have no doubt, it’s inevitable, that eventually we will have a platform connecting you to all your money, and there’s no doubt this platform has to be agnostic about what tools you’re be using.”Curve’s CEO, Shachar Bialick
Goldman Sachs leads $50M round for credit card platform Deserve
Deserve, a credit card startup helping young people establish themselves, as well as a cloud-based credit card platform for businesses, has raised $50 million in a new round of Series C funding led by Goldman Sachs, the company announced today. Others participating in the round include existing investors Sallie Mae, Accel, Aspect Ventures, Pelion Venture Partners and Mission Holdings. The funds will be put toward Deserve’s further development of what it calls its “Card as a Service” (CaaS) platform.MORE >>>
Events on Our Radar
JPMorgan take a stake in startup Limeglass
JPMorgan has taken a stake in another of its In-Residence startup graduates, Limeglass, which filters vast amounts of financial research documents for consumption by industry analysts. The In-Residence Program incubates emerging technology companies to develop production-ready solutions solving issues in wholesale banking problems.
InstaReM Rebrands to Nium, an Industry First Global Enterprise Payments Platform
Digital cross-border payments provider, InstaReM, is rebranding to become part of Nium. Nium is the first global payments platform to enable businesses to send, spend and receive money from around the world, in addition to empowering them to develop their own products.MORE >>>
“Today marks the beginning of a new chapter for Robinhood, and we’re excited to take the first important step towards bringing our investing platform to customers in the U.K. I’m thrilled to be a part of Robinhood and our effort to expand into a new international market.”
– Wander Rutgers, President, Robinhood International
Westpac to move into banking-as-a-service with investment in 10x Future Technologies
Westpac is to make a minority investment in 10x Future Technologies as it preps a new digital bank that will operate a ‘bank-as-a-service’ model. The plans were unveiled as the Australian bank posted a disappointing set of full year results, impacted by wider operating costs in the aftermath of the Banking Royal Commission and subsequent customer remediation and regulatory burdens.MORE >>>