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As Other Lenders Crash, Ledn Bets Conservative Approach Will Help Startup Survive Crypto Winter (BETAKIT)

“What has become clear after all that has happened is that all [crypto] lending platforms are created equal,” Ledn co-founder and Chief Strategy Officer (CSO) Mauricio Di Bartolomeo told BetaKit in an interview.

“When times are good, you don’t ask the right questions,” Di Bartolomeo said. “And when times are bad, it is unfortunately too late to ask the right questions.”

The CEO of Power Corp. champions investments in fintech companies amid industry downturn (THE GLOBE AND THE MAIL)

Power Corporation of Canada CEO Jeffrey Orr defends the company’s investments in fintech startups, despite a sector downturn that has led to a significantly lower valuation of the company’s biggest fintech bet , Wealthsimple.

Talking about regulation, market conditions collide with glitzy behavior at the Blockchain Futurist Conference (BETAKIT)

The framework allowed attendees to rent company cabanas, relax by a pool, park their yachts outside, and use a local helicopter service to fly. their business.

Vista Equity Partners to Acquire Automated Tax Compliance Firm Avalara for $8.4 Billion (TECHCRUNCH)

Founded in 2004, Seattle-based Avalara works with companies like Zillow, Pinterest, and Roku, helping automate many of the time-consuming processes involved with managing taxes in every market they operate.

Market surveillance: Nuvei, Propel, Payfare and Mogo (BETAKIT)

“Our strength this quarter was driven by our disciplined investments for sustainable growth, which continue to improve our financial profile, as well as strong revenue growth, cash generation and a strong balance sheet,” said Philip Fayer, Chairman and CEO of Nuvei.

What goes up must come down: A journey through Klarna’s evaluation history (THAMES)

Klarna has long been the poster child for European startup success. Founded in a tiny back office in Stockholm by three young graduates in 2005, it attracted funding from US venture capital heavyweight Sequoia in 2010. But last month the tide changed for the giant BNPL, as a dramatic decline saw Klarna’s valuation reduced to $6.7. billion – a drop of 85% compared to the previous year.

Wagepoint acquires KinHR to offer employee management software (BETAKIT)

According to Wagepoint, KinHR will be rebranded as People by Wagepoint. The platform is configured to offer features such as an employee directory, leave management, new hire onboarding, document storage and electronic signatures, as well as tools for ongoing employee performance management , such as employee goals and reviews.

Tornado Cash Crackdown Shows the Limits of Cryptocurrency Services Regulation (THE WALL STREET JOURNAL)

The Treasury Department on Monday imposed sanctions on Tornado Cash, a popular cryptocurrency platform known as a mixer because it mixes funds from different users and redistributes them, obscuring their origin.

Monitoring: E ​​Inc, Goeasy (BETAKIT)

E Inc. adjusts its strategy in the face of macro-economic challenges, as Goeasy strengthens its revolving facility.

Africa’s largest startup battles multiple allegations in IPO (BNN BLOOMBERG)

Africa’s biggest start-up, Flutterwave Inc., is battling allegations of financial irregularities and harassment of staff from Lagos to Nairobi, as it plans to go ahead with plans to list the company on the stock market .

CIBC, the latest Big Six bank to partner with a FinTech on the Private Open Banking API (BETAKIT)

Using MX’s application program interface (API) technology, CIBC said its 11 million customers will no longer need to share their banking credentials to connect their banking information to third-party apps. MX partners, such as personal financial management, budget tracking, and credit building tools.

Balance unveils tool that streamlines regulatory compliance for FINTRAC reports (FINTECH.CA)

Libra is Canada’s largest digital asset custodian with nearly $1 billion in assets under custody. Libra serves crypto, OTC, and prop exchanges. trading desks, neobanks, ATM networks, private funds, market makers, liquidity providers, legal entities and foundations.

Ant-backed Dana pockets $250 million from Sinar Mas, Alibaba (BNN BLOOMBERG)

The five-year-old company will use the funds to invest in new technologies and roll out more financial services in one of the world’s fastest growing fintech markets, chief executive Vince Iswara told Bloomberg News. The value of digital payments in the country has already surpassed credit and debit card transactions in Indonesia, according to data from Bank Indonesia.