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PhonePe Raises US$750M in Ongoing US$1B Fundraising Effort

Source Node: https://platodata.network/platowire/phonepe-raises-us750m-in-ongoing-us1b-fundraising-effort/
Time Stamp: April 12, 2023 9:40 PM - Modified On: April 12, 2023 - Published By:
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Republished By Plato

PhonePe, the digital payments platform owned by Walmart, has raised US$750 million in its ongoing fundraising effort to raise US$1 billion. The latest funding round was led by Walmart and included participation from several existing investors, including Tencent, Singapore's sovereign wealth fund GIC, and others.The funds raised will be used to expand PhonePe's operations and develop new products and services. The company plans to use the funds to expand its merchant network, invest in technology and infrastructure, and hire new talent.PhonePe has been growing rapidly in India's digital payments market,

Fintech: A Comprehensive Report on the Benefits of Financial Technology

Source Node: https://zephyrnet.com/beyond-the-horror-f-prime-report-gives-many-reasons-to-love-fintech/
Time Stamp: March 6, 2023 7:00 AM - Modified On: March 6, 2023 - Published By:
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Published by Plato

Financial technology, or fintech, is a rapidly growing sector of the global economy that is revolutionizing the way people manage their finances. Fintech is a broad term that encompasses a wide range of financial services and products, from mobile banking to digital payments to automated investment advice. Fintech has become increasingly popular in recent years, as more and more people are turning to technology to manage their finances. The benefits of fintech are numerous. For starters, it can help people save time and money. By automating certain financial processes, such

“Investing Strategies for Young Parents: 6 Alternative Investment Options”

Source Node: https://zephyrnet.com/6-alternative-investments-for-young-parents/
Time Stamp: March 6, 2023 2:00 AM - Modified On: March 6, 2023 - Published By:
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Published by Plato

Investing can be a great way to build wealth and secure your financial future. However, it can be difficult to know where to start, especially if you are a young parent. Fortunately, there are a variety of alternative investment options available that can help you reach your financial goals. Here are 6 alternative investment strategies for young parents: 1. Real Estate Investment Trusts (REITs): REITs are a type of investment that allows you to invest in real estate without actually owning the property. REITs are typically managed by professional investors

Analysis of DeFi Lending Risk Factors in the Bank of Canada Paper

Source Node: https://zephyrnet.com/bank-of-canada-paper-fragility-of-defi-lending/
Time Stamp: March 4, 2023 6:11 PM - Modified On: March 4, 2023 - Published By:
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Published by Plato

The Bank of Canada recently released a paper that examines the risk factors associated with decentralized finance (DeFi) lending. DeFi is a rapidly growing sector of the financial industry, and it is important to understand the risks associated with this type of lending. This article will analyze the Bank of Canada’s paper and discuss the key risk factors associated with DeFi lending.The Bank of Canada’s paper identifies three main risk factors associated with DeFi lending: credit risk, liquidity risk, and operational risk. Credit risk is the risk that a borrower

HSBC and Nationwide Banks Impose Limits on Cryptocurrency Purchases in the UK

Source Node: https://zephyrnet.com/hsbc-nationwide-impose-new-restrictions-on-cryptocurrency-purchases-in-uk/
Time Stamp: March 2, 2023 9:30 PM - Modified On: March 2, 2023 - Published By:
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Published by Plato

In recent news, two of the UK’s largest banks, HSBC and Nationwide, have announced that they are imposing limits on cryptocurrency purchases. This news has sent shockwaves throughout the cryptocurrency community, as many had been hoping that the UK would be a leader in cryptocurrency adoption. HSBC and Nationwide have both stated that they are concerned about the risks associated with cryptocurrency purchases. They are worried that customers may not understand the risks associated with investing in digital currencies, and that they may be exposed to fraud or other financial