FinTech news in Tribe Capital category

The company, founded by Rene Saul and Fernando Sandoval in 2020, got started after the pair sold their previous business and wanted to build a platform that could provide a way for small and medium-sized businesses across Latin America to have all of their financial needs, including cash flow, credit and investments, all in one place.

Nibiru, a new crypto derivatives protocol co-founded by Tribe Capital GP Arjun Sethi, has raised $7.5 million in seed funding at a valuation of $100 million, two sources familiar with the matter told journalist. Sethi co-founded the startups with four industry veterans — including Sankha Banerjee, formerly with Credence Capital and Binance; and Boris Revsin, who co-founded Republic Capital. Currently in private testnet, Nibiru decentralized protocol unifies derivatives trading, spot trading, staking and bonded liquidity, and aims to serve users across over 40 blockchains, it says on the website. Nibiru has attracted nearly two dozen contributors from firms including Meta, Reddit, JP Morgan and Yahoo, an investor deck obtained by journalist showed.

In fact, such is the demand for gold in India — Indians stockpile more gold than citizens in any other country — that the South Asian nation is also one of the world’s largest importers of this precious metal.