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MoonPay Company Intelligence

April 4, 2022, 1:30PM EDT • 8 min read Quick Take  $555mm Nov-21 Series A at a $3.4bn valuation  +$2.0bn in transaction volume since inception  +160 Supported Countries; +80 Supported Cryptocurrencies; +30 Fiat Currencies; +250 Partner Integrations Join The Block Research for exclusive research like this Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in …

Mapping out Gemini’s acquisitions and investments

December 20, 2021, 3:22PM EST • 5 min read Quick Take Gemini is a regulated cryptocurrency exchange, wallet, and custodian for digital assets established in 2014 by brothers Cameron and Tyler Winklevoss NFTs, gaming, and the metaverse, an emerging market of late, has been an area of focus since its acquisition of Nifty Gateway in 2019 The establishment of Gemini Frontier Fund this year has resulted in an increasing number of investments in the crypto ecosystem by the exchange. In …

Revolut given nod to push into credit with European banking license

Revolut Bank has been granted a full banking license in Europe through its Lithuanian base, simplifying its structure and marking a move to expand services on the continent.  The decision by the European Central Bank (ECB) will grant Revolut new capabilities such as issuing consumer credit.  Revolut’s European customers will now be protected under the deposit guarantee scheme. Before the the change, Revolut had been operating in the European Economic Area (EEA) through a specialized banking license and a payments …

Payments startup Silverflow closes $17 million round led by Coatue

Dutch payments company Silverflow said on Thursday that it has raised a $17 million Series A round led by Coatue Management.  It will use the money to nearly triple its team from 24 people to 70, for expansion into the US, and to strengthen its balance sheet, according to a press release.  The fundraise is also backed by previous investors Crane Venture Partners and INKEF Capital, as well as angel investors Jason Gardner, founder and CEO of Marqeta, and Gokul …

BCB Group swoops for Germany’s Sutor Bank

BCB Group is set to take over Hamberg-based Sutor Bank, in a move that will give the crypto payments provider banking capabilities.  The group did not disclose terms of the deal but said it would include a “significant capital injection” to take over 100% of the bank after BaFin — Germany’s financial regulator — has given its approval. Sutor, which is a private bank, will become part of the international BCB Group, which already includes regulated companies in Switzerland and …

Brazilian users of fintech Mercado Pago can now buy, sell and hold crypto through Paxos partnership

Latin America fintech Mercado Pago has partnered with Paxos to allow its Brazil-based users to buy, hold and sell cryptocurrencies directly in the app they use to make payments and send money.  The app will initially support bitcoin, ethereum and Paxos’ dollar-pegged stablecoin, Pax Dollar (USDP). Paxos will be the custodian for the cryptocurrencies. Mercado Pago is incrementally rolling out the feature to Brazilian users this month, starting with employees. These people will immediately have access to those cryptocurrencies if …