article thumbnail

Why Brex needed a 3.0 moment — and how the new operating model is less about code and more about vision

Tearsheet

A run of difficult years Brex has navigated a series of challenges in recent years, particularly after its 2022 shift to Brex 2.0. Brex later clarified that it is retaining clients with any form of institutional backing, whether from accelerator programs, angel investors, Web 3.0

article thumbnail

Agentic AI - Improving customer engagement in Financial Services

Fintech Weekly

Subscribe to FinTech Weekly's newsletter Read by executives at JP Morgan, Coinbase, Blackrock, Klarna and more “ Revenues in the fintech industry are expected to grow almost three times faster than those in the traditional banking sector between 2022 and 2028 ” – McKinsey, Oct24, 2023. billion in 2025 and reach $1,126.64

AI 78
article thumbnail

HashKey Singapore Now Officially Licensed as Fund Manager by MAS

Fintech News

This license, initially granted in-principle in November 2022, officially recognises HashKey Capital Singapore as a licensed fund management company. This development follows HashKey Capital’s recent completion of fundraising for VC Fund III, which raised a total of US$500 million, to continue investing in promising Web 3.0

Web 3.0 116
article thumbnail

Indonesian Regulator Grants Binance-Backed Tokocrypto Trading License

Fintech News

Richard Teng Richard Teng, CEO of Binance, said, “Binance is committed to fully supporting Tokocrypto in its mission to drive the growth of the Web 3.0 ” In December 2022, Binance had acquired Tokocrypto and conducted mass layoffs with approximately 58% of its workforce being let go. Tokocrypto’s user base has surpassed 4.5

Web 3.0 126
article thumbnail

Worldpay Brings Major Credit Card Rails to Alchemy Pay, Boosting Crypto Accessibility

Fintech News

According to Worldpay, it became the first global merchant acquirer to offer direct settlement in USD Coin in 2022. Alchemy Pay’s mission to promote global adoption of digital assets by connecting fiat to the Web 3.0 said Nabil Manji, the Head of Crypto and Web 3.0 at Worldpay.

article thumbnail

Is Kazakhstan The Next Hot Spot for Fintech?

Fintech News

million through 12 deals in 2022 and 2023, making fintech the most prevalent among sectors in the domestic startup scene. Uzbek VC deals by sectors, 2022-2023, Source: Venture Capital in Central Asia and the Caucasus 2023, Mar 2024 Fintech was also the preferred investment target in Tajikistan where the sector secured much of the US$3.1

FinTech 115
article thumbnail

BitGo Gains Ground in Singapore with In-Principle Approval for Digital Asset Services

Fintech News

In 2022, BitGo expanded its services to include institutional-grade DeFi, NFT, and Web 3.0. Established in 2013, BitGo introduced a multi-signature wallet and has expanded its offerings over the years, including the establishment of BitGo Trust Company in 2018 and BitGo New York Trust in 2021, focusing on digital asset custody.

Web 3.0 85