Saturday, June 1, 2024

Sources: a16z and other investors in the fintech Synapse, which filed for bankruptcy in early May, were aware of recordkeeping discrepancies for years (Michael Roddan/The Information)

Michael Roddan / The Information:
Sources: a16z and other investors in the fintech Synapse, which filed for bankruptcy in early May, were aware of recordkeeping discrepancies for years  —  Millions of consumers who kept their savings with digital banking startups such as Yotta or Juno have lost access to their money as a result …



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Miami-based Felix Pago, which uses stablecoins for cross-border remittances and handled $1B+ of transfers via WhatsApp in 2024, raised $75M Series B led by QED (Bloomberg)

Bloomberg : Miami-based Felix Pago, which uses stablecoins for cross-border remittances and handled $1B+ of transfers via WhatsApp in 202...