Search results for SEPA
Crypto
Augustus raises $180 million led by Tiger Global, CEO says
Venture capital firm Tiger Global led a $180 million Series B funding round for banking startup Augustus, with Hummingbird, QED and founders of Nubank, Ramp, Circle and Deel also taking part. The company was valued at $1 billion. Augustus plans to use the funds to expand services for fintech firms and banks in Latin America, Southeast Asia, the Middle East and Africa. CEO Ferdinand Davitz said the company aims to improve access to dollars abroad.
Crypto
BitGo expands MiCA-compliant crypto services in Europe
BitGo Europe is expanding its Crypto-as-a-Service offering across the European Economic Area, Cointelegraph reported on March 3. The expansion makes BitGo’s API-based infrastructure available in 30 EEA countries, allowing financial institutions to embed wallets, onboarding and payment services into their platforms. The service includes multi-asset wallets and SEPA fiat rails. BitGo offers insurance of up to $250 million for custody wallets and provides policy controls and 24/7 operational support.
Crypto
Tether-backed crypto payment app Orbit adds global bank transfer function
Orbit, a Tether-backed cryptocurrency payments app, now supports global bank transfers, The Block reported on Feb. 24 local time. The feature uses infrastructure from Distributed Technologies Research to connect crypto with the traditional financial system. Orbit said users can check exchange rates in real time and complete payments instantly without fees or additional conversions. Transfers use SEPA, ACH and SPEI networks and support fiat currencies including USD, EUR, MXN and PHP, as well as BTC, ETH and USDT. Bakkt plans to acquire DTR, and Orbit plans to work with Bakkt to expand into all 50 U.S. states.