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receive to TechCrunch Fintech ! This hebdomad , we ’re dive into :
P.S. We ’re taking clock time off for the holidays ! TechCrunch Fintech scribe Mary Ann Azevedo will be back in your inbox on January 7 . ❄ ️
The big story
How stablecoin technology can power million in transversal - border transactions
Juicyway is an African fintech that ’s leverage stablecoin technology to power firm and meretricious cross - border payments . The caller launch out of stealth after processingover $ 1 billion in transaction volumefor 1000 of African businesses over the last three years .
The ship’s company claims to have processed over 25,000 transactions , generating $ 1.3 billion in total defrayment volume from 4,000 user . According to its founders , Juicyway rack up these numbers with no publicly usable app or merchandising efforts — and rather trust heavily on word - of - mouth referral .
One customer type for a cross - border payments platform would be a remittance line , but Juicyway is representative of a new wave of platforms power by stablecoin technology that challenges the conventional method acting across developed and emerging markets .
Dollars and cents
Mynt has raised € 22 millionin a round lead by Vor Capital . Mynt has now raised around € 50 million in aggregate , and from what we see , this financial support values the companionship at or so € 200 million .
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Upvest declare a€100 million Series C roundled by Hedosophia . While the company is n’t break its valuation following the round , Upvest said it ’s “ significantly mellow ” than its former one .
Peak XV and HongShan haveco - led a $ 10 million seed investment in KAST , a dollar - denominated neobank - like platform that permit customer obtain and spend stablecoins through traditional payment avenue .
CarDekho SEAraised $ 60 million in fairness , valuing the fellowship at over $ 300 million . It ’s the company ’s first round of international financial backing , stick with a previous $ 40 million investment from parent company CarDekho Group .
Finnyraised $ 4.2 millionin a seed round co - led by Maple VC and HNVR to develop its engineering team and heighten its product that expend AI to match fiscal advisor with prospective guest .
