FinTech news in AfterPay category
Thirdweb — with operations in London but headquartered in San Francisco — plans to use the funding to continue enhancing its developer toolkit — which currently covers some 10 features spanning areas like smart contracts, decentralised logins, publishing tools and more — to expand support for a wider array of blockchains, to bring on more users and to grow its team, both via hiring and potentially acquisitions, all in aid of getting web3 to become more mainstream. In the latest development, a startup called thirdweb — which has created a development toolkit to make it easier to build and launch web3 products such as blockchain games, NFTs, DAOs, marketplaces and more — has raised $24 million, a Series A that values the startup at $160 million. The gap in the market that thirdweb is addressing is one that Bartlett said he discovered with his co-founder Furqan Rydhan when they were working on building a blockchain application themselves. Thirdweb has been live for just nine months, but it’s been on a roll: co-founder Steven Bartlett told journalist that to date some 55,000 developers — which range from independent creators through to organizations like Afterpay and New York Fashion Week — have built a range of NFT items, DAOs, games and other applications using its framework.
Though Halliday plans to charge an initial fee to customers using the product to cover the startup’s costs, Malhotra hopes to eliminate the fee over time as his goal is to keep the product as low-cost as possible for gamers.
Meld’s customers bring their own third-party service providers onto the platform, and Meld is responsible for integrating each service provider onto the singular API and dashboard the customer uses. Bengani, who previously ran Square’s platform and partnerships team, said he noticed while he was onboarding developers there that they often had to spend more time building and managing third-party integrations than on developing their own products.
Tabby, the Dubai-based buy now, pay later (BNPL) platform that lets users shop, pay later and earn cash from over 3,000 global brands, including Adidas, IKEA and Bloomingdale, has completed a Series B extension of $54 million.