FinTech news in APIs category

Coinbase wallet as a service (WaaS) is a scalable set of wallet infrastructure APIs that allow companies to create and deploy customizable on-chain wallets to their users.

The new platform, Chainlink Functions, also lets builders run customizable computations on Web 2.0 APIs within minutes through its network, Kemal El Moujahid, chief product officer at Chainlink Labs

It’s not only the digital platforms that want to sell insurance products, but also to help existing players be more efficient in their distribution of products, allowing them to play a role in increasing the insurance penetration level.

GGV’s index leaves exited companies aside and ranks the 50 API-led private companies that have raised the most funding.

The Salt Lake City, Utah-based company’s API-delivered product, which focuses on payroll data, powers 70 banks, credit unions and fintech companies such as Coinbase, Dave and Propel. Atomic, a provider of payroll APIs, has raised $40 million in Series B funding just five months after announcing its Series A financing.

The new VC arm, called Stronghold Capital, has already invested in companies including Sam Bankman-Fried’s Alameda Research and funds including Precursor Ventures and Backstage Capital, both of which have a track record of backing underrepresented founders.