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FinTech news in arizona category

Ex-PayPal Jack Shelby about launching new $110M fund at AZ-VC

Jack Selby, a former PayPal exec the longtime managing director of Thiel Capital said: "I will never voluntarily leave the orbit of Peter Thiel. It’s a pretty amazing seat to have."

InsurTech startup Notch raised seed extension round of $7M

Starting at $8 a month, creators can sign up for Notch’s Instagram account insurance, which means that if they get hacked and lose access to their account, the startup will pay them a stipend and help them regain control of their page. journalist reviewed a sample insurance policy, which quoted a $459 annual fee (or about $38 a month) for insurance that pays out $244 for each day that a creator can’t get into their account after a hack. When creators get hacked, it can mean that they aren’t able to post sponsored content, earn payments from badges or operate their Instagram shops — it’s debilitating, like if a chef broke their arm and had to cook with one hand. With that information, Notch can estimate how much sponsored content a creator posts a month, and how much money someone of their caliber would make off of each post.

Mossy launches USDTea

Mossy’s solution for the calamitous sector, a stablecoin called USDTea, is backed by what they claim is America’s most stable asset: cans of AriZona Iced Tea.

Propy lets you buy a house via NFT

Today it extending the whole process further by launching real estate-backed NFTs in the United States, working on the technological and legal framework to literally turn real estate properties into NFTs.