FinTech news in financial infrastructure category

Two years before Youcef Oudjidane co-founded Sudanese fintech Bloom after failing to find startups tackling currency depreciation in Africa to invest in, he was the managing partner and head of EMEA (Europe, Middle East and Africa) at Class 5 Global, a San Francisco-based venture fund with a keen interest in emerging markets. The early-stage fund — which has made four investments: Ceviant, Apata, Thepeer and Anchor — consists of four venture partners, mainly founders that Oudjidane has backed: Ahmed Sabbah (Telda CEO), Prince Boampong (Dash CEO), Shekinah Adewumi (Apata CEO) and Kieran Gibbs, a professional soccer player. Oudjidane believes Africa is at the intersection of opportunity, that is, the next billion people to come online — and judging by its current portfolio of pre-seed stage startups, fintech is what intrigues his fund. Investing in startups building financial infrastructure is one of Byld Ventures’ principal themes, in addition to startups reversing Africa’s brain drain and repeat founders.

In other words, Unit touts that companies using its technology in a variety of industries — such as freelance or creator economy and personal financial management, for example — can build financial products directly into their software.

Amberdata provides data and insights into blockchain networks, crypto exchanges and decentralized finance for some of the largest financial and digital asset institutions, like Citi, Coinbase, Nasdaq and Franklin Templeton, among others.

Payments giant Stripe already powers a pretty major swath of the web financial infrastructure, now it’s launching crypto payments support to give customers an easier path to onboard web3 users and interact with cryptocurrencies.