FinTech news in CTO category

Koop also announced today that it is coming out of stealth with $5 million in funding led by 1confirmation and web3 creator economy-focused Variant Fund, with participation from Palm Tree Crew, Day One Ventures, Ethereal Ventures, DeFi Alliance, Volt Capital, PearVC, DCF God, 0xmons and angel investors including crypto influencer Cooper Turley, ex-Coinbase CTO and a16z investor Balaji Srinivasan and former Sequoia partner Liu Jiang. At its core, Koop is a protocol that helps creators and communities launch NFT-based membership passes to raise funds for projects, Murillo told journalist in an interview. The platform has seen $110 million in total value across the treasuries of its 50 active communities buying and selling NFTs, according to Murillo, who noted that the company has a waitlist of 8,500 groups who want to form Koops. Koops, in contrast, can be more centralized, tend to be smaller in size, and afford groups the option to organize around a short-term goal or cause and dissolve the Koop when it has been achieved, Murillo added.

Anchor claims to be transacting several millions of dollars while growing 200% month-on-month. After testing these features with a select few, Anchor is coming out of stealth with a $1 million+ pre-seed and making its platform public.

Complete provides an interactive offer letter product for candidates applying to roles at its client companies and recently began offering a similar product to help employees understand what comprises their total compensation, Mavram said. Complete aims to help companies, particularly early-stage startups, conceptualize and implement a firm-wide compensation strategy, reflective of cash, equity, bonuses and benefits. In today’s job market, where layoffs and hiring freezes abound, getting compensation strategy right is even more important, CEO Rani Mavram of HR tech startup Complete told journalist in an interview. Mavram hopes to expand Complete’s five-person team by bringing on more engineering and design hires to help the company keep up with new customer demand, she said.

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.

all had track records of working in digital businesses where they saw, not just for themselves but their customers, an opportunity to build a bank that took all of that into account (so to speak) and built a financial management service that fit those dynamics.

With a custodial wallet, Robinhood holds the private key on behalf of a user, meaning that users can invest in crypto by tracking its price movements but they cannot directly transact with their crypto funds. Now that it’s launching a non-custodial wallet, users will be able to access and manage their own digital assets, including cryptocurrencies and decentralized apps (dApps) including NFTs, Kerbrat said.

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.

In a statement Ashutosh Bhatt, CEO of Pillar, said: Ever since I moved to the U.K. and found I couldn’t access any of the everyday products I had in India this has been a problem I have been passionate about solving. Adding to this roster is fintech startup Pillar, which has now raised a pre-seed round of £13 million ($16.9 million) led by Global Founders Capital and Backed VC. The company claims it will be able to provide immigrants with access to credit products when moving to a new country. Founded by Revolut alumni Ashutosh Bhatt and CTO, Adam Lewis, Pillar has an Open Banking-led data and analytics engine that will be launched in Q3 in 2022.

The idea with Wagestream is not just to give those workers faster liquidity when they need it, but to give them the ability to use that money in different ways — for example with features to invest small amounts into stocks, and to bring in controls to save money incrementally in a way that makes the most practical sense for those users.

This, in fact, can also potentially provide a steer to Novo on what might be most popular and potentially worth considering as in-house products in the future, but for now it serves another couple of key purposes: it makes Novo more useful for its customers, and it provides more data sources to Novo to build future products.