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How open banking can bridge the gap between CeFi and DeFi

Quick Take Francesco Simoneschi’s TrueLayer is an open banking infrastructure startup used by the likes of Monzo, Revolut and Starling. In the wake of its funding round, Simoneschi is now toying with how open banking can iron out the crypto onboarding process. This feature story is available to subscribers of The Block Daily. You can continue reading this Daily feature on The Block. Source link

UK’s Payhawk raises $112 million as expenses fintech race heats up

advertisement Automated expenses fintech Payhawk has closed a $112 million Series B round, valuing the company at $570 million, according to an announcement. Greenoaks led the round whilst existing investors QED Investors, Earlybird Digital East and Eleven Ventures participated.  The news comes with competition among expense management startups in Europe heating up. Spendesk, Soldo and Revolut Business are some of the main players. Last month, Switzerland’s Yokoy raised $26 million from Left Lane. The US market is ruled by the likes …