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Crypto adopters spent $1B via Visa s crypto-linked card in H1 2021
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Crypto-linked Card Usage Tops Cryptocurrency Spending in First Half of Year, Says Visa
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CoinZoom Joins Visa’s Fintech Fast Track Program
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CoinZoom is working with Visa to deliver the next innovation in payments
Our customers can currently send fiat or crypto instantly to other users for free via our peer-to-peer transfer feature, ZoomMe, and now through our expanded collaboration with Visa, we will be able to provide a premier service to global customers in the peer-to-peer marketplace. SALT LAKE CITY (PRWEB) May 14, 2021 CoinZoom, a U.S. based cryptocurrency exchange, today announced that it has joined Visa’s Fintech Fast Track program, speeding up the process of integrating with Visa and allowing CoinZoom to more easily leverage the reach, capabilities, and security that Visa’s global payment network offers. Through Fast Track, CoinZoom will be able to offer its customers a simple process to send funds from their CoinZoom wallet directly to their debit cards, in real-time (1).
Tribal Credit, which provides credit cards to startups in emerging markets, raises $34.3M
The B2B payments space has seen an explosion in demand, and investor interest, in the wake of the COVID-19 pandemic as businesses try to figure out how to pay each other digitally. The challenges become even more complex when dealing with cross-border payments.
Startups that were formed before the pandemic stand to benefit from the shift. One such startup, Tribal Credit, launched its beta in late 2019 to provide payment products for startups and small to medium-sized businesses (SMBs) in emerging markets.
Today, Tribal Credit announced it has raised $34.3 million in a combined Series A and debt round led by QED Investors and Partners for Growth (PFG). Existing backers BECO Capital, Global Ventures, OTG Ventures and Endure Capital also participated in the round, along with new investor Endeavor Catalyst. The raise follows “10x” year-over-year growth, according to CEO and co-founder Amr Sha
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SAN FRANCISCO, April 21, 2021 /PRNewswire/ Tribal Credit, a payment fintech specially designed for small and medium-sized businesses in emerging markets, announced today closing a combined Series A and debt round of $34.3 million.
The investment was led by QED Investors and Partners for Growth (PFG). Existing investors BECO Capital, Global Ventures, OTG Ventures and Endure Capital also took part in the round, joined by new investors Endeavor Catalyst.
As part of the investment, Tribal received $3 million from the Stellar Development Foundation, a nonprofit organization that supports the development and growth of the open-source Stellar blockchain network. Their investment will facilitate the development of Tribal s blockchain products and integration onto the Stellar network.
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