fintech

fintech

Photo provided by Milken Institute

The U.S. is at risk of being left behind by the world of cryptocurrencies as other countries more quickly embrace digital assets, Coinbase co-founder and CEO Brian Armstrong said Monday.

Speaking at the Milken Institute Global Conference in Beverly Hills, Armstrong noted that China began working on a digital currency back in 2014. But as seen with its tight grip on the nation’s internet, the Chinese government has looked to deploy crypto as a means of control, he added—making it all the more important that democracies allow crypto to flourish freely.

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Courtesy of Trust

Adtech startup Trust, which provides emerging brands with digital advertising data insights, has raised $5 million in new equity funding from investors including Sapphire Sport and former Venmo executive Michael Vaughan.

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Courtesy of Welcome Tech

Welcome Tech, a Los Angeles-based startup building financial tools and services for immigrants in the U.S., has raised $30 million in new funding to bridge the gap between the $35 million Series B round it raised last year and a future Series C round.

Atlanta-based venture capital firm TTV Capital led the round. SoftBank’s Opportunity Fund also chipped in, as did San Francisco-based VCs Owl Ventures and Next Play Capital and Abu Dhabi-owned Mubadala Capital. The new funding takes Welcome Tech’s total capital raised to $70 million.

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