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Singapore Startup Secures $12.3 Bln in Assets on Blockchain Platform

Singapore-based crypto-finance start-up FUSION has secured $12.3 billion in financial assets from three strategic partners that have committed to lock in those funds with the organization’s public blockchain platform Reuters reported June 1. The secured funds come from FormulA, Carnex, and KuaiLaiCai, three companies operating in asset management, car financing, and restaurant supply chain management,… Read More »

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Lending startup CoinTribe raises $10 million Series B round

CoinTribe, a credit-based lending marketplace for small and medium enterprises (SMEs), has raised over $10 million (Rs 67 crore) in a Series B funding round led by India-centric mid-market private equity firm Sabre Partners, a company statement said. Existing investor Puneet Dalmia, who is known for his investments in startups like LocalCircles, Buildzar, and JetSetGo… Read More »

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Blockchain start-up Block.one raised $4 billion

A Cayman Islands start-up has raised $4 billion as of Thursday, eclipsing the world’s biggest initial public offerings on stock exchanges this year. But its flagship product is not even live yet. Headed by 31-year-old Hong Kong-based CEO Brendan Blumer, Block.one is funding its blockchain platform called eos.ios through a process known as an initial… Read More »

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PayPal acquires AI predictive retail startup Jetlore

On Teusday, Payments provider PayPal today announced plans to acquire Jetlore, a San Mateo-based startup that specializes in artificial intelligent retail systems, for an undisclosed sum. Jetlore, which was founded in January 2011 by students from Stanford University’s computer science program, leverages machine learning to deliver “personalized” experiences from retail chains like Uniqlo and Nordstrom Rack. The startup’s… Read More »

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