The Singapore-based digital bank plans to broaden its crypto and fiat offerings for institutional clients, citing growing demand for programmable finance. Fintech Pave Bank has raised $39 million in a Series A funding round led by venture capital firm Accel. The company offers programmable banking solutions for businesses, combining crypto and fiat services. The round included participation from Tether Investments, Wintermute, Quona Capital, Helios Digital Ventures, Yolo Investments, Kazea Capital, Financial Technology, and GC&H Investments, bringing the company’s total funding to about $45 million, according to the Economic Times. Founded in 2023 by fintech veterans Simon Vans-Colina, Salim Dhanani, and Dmitry Bocharov, Pave Bank provides institutional and corporate clients with both traditional and programmable banking services, while also facilitating transactions involving digital assets. Programmable banking services allow businesses to automate financial operations such as payments, transfers, and treas...
The premium and luxury car market in Romania attracts a new player - United Drive, a dealer specializing in used premium, luxury and supercars. The EUR7 million investment is focused on the development of the car fleet, inventory expansion and the opening of its own showroom.
The acquisition completes Fireblocks' tech stack, the company said on Thursday, allowing it to offer more institutional-grade services to clients. Fireblocks, a digital asset infrastructure company, announced on Thursday that it acquired Dynamic, an enterprise-focused wallet provider. The integration of Dynamic’s tech stack into Fireblocks adds to the company’s suite of institutional-grade services, which includes treasury management, custody options, and wallet services, according to Thursday’s announcement. Dynamic provides the wallet infrastructure for 50 million onchain accounts, including accounts for crypto exchange Kraken and Web3 Companies like Magic Eden and Ondo Finance, according to Fireblocks. Michael Shaulov, CEO of Fireblocks, said: Read more