Delio Launches Korea’s First Crypto Bank
Delio, the first virtual asset service provider (VASP) in Korea, has launched the country’s first cryptocurrency bank.
As a crypto bank, Delio will offer money market deposit accounts that enable crypto deposit and withdrawal at any time, plus loans and asset transactions. A range of crypto financial services are also offered, including savings, lending, asset management, payment and non-fungible tokens (NFTs).
Sleek Secures Payments License in Singapore
Sleek, an all-in-one digital platform for small businesses, was awarded a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS).
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With the license, the firm will continue supporting the underserved market segment of early-stage entrepreneurs by providing incorporation, accounting, taxation, corporate secretarial services and CFO-as-a-Service, in addition to business account and debit card issuance. The startup also offers local and cross-border payments and collections.
BNPL Is the Working Capital Bridge for African SMBs
Yele Oyekola, co-founder and CEO of Africa-focused B2B payments platform Duplo, told PYMNTS that a buy now, pay later (BNPL) program for businesses can help close the gap in working capital financing for small- to medium-sized businesses (SMBs) in emerging markets across Africa.
The startup helps merchants, aggregators and distributors operating in cash-heavy markets streamline and digitize their payment flows and generate or pay invoices.
AML Software Firm Lucinity Raises $17M
Anti-money laundering (AML) software maker Lucinity notched $17 million in a Series B round, which it will use to expand its customer base, product offerings, partner network and staff.
The Reykjavik, Iceland-based company develops user-centric compliance systems augmented by artificial intelligence (AI). Lucinity aims to help banks and FinTechs boost compliance productivity by more than 50%.
Griffin Bags $15.5M Investment to Grow BaaS
Banking-as-a-Service (BaaS) startup Griffin picked up $15.5 million in new funding led by Notion Capital. The fresh funds will be earmarked for talent expansion and new product development.
Notion Capital co-founder and managing partner Stephen Chandler was also appointed to Griffin’s board of directors.
