FinTech news in Bloomberg category

Bloomberg Beta announced its fourth $75 million fund and also a new $75 million opportunity fund for later-stage checks into startups the firm has already backed. Over at Golden Section, a Houston-based founder studio and venture capital firm, the firm completed the first closing of its second fund in May, but did not disclose the amount. Haris Khurshid, general partner at Chalo Ventures, launched a $50 million second fund focused on investing in Pakistani startups and a smaller percentage in Latin American startups. He did say that LPs wanted to know how the firm would navigate investment in that market, which required the firm to do a bit of educating on why Pakistan needed a focused fund.

While Crypto.com is the world’s fourth-largest crypto exchange, it has been pushing hard into U.S. markets in recent months, with stunts including viral advertisements featuring actor Matt Damon and a $700 million purchase of the naming rights to the Los Angeles Lakers and Clippers Arena.