Marketplace lending – Market DCD http://market-dcd.com/ Just another WordPress site Tue, 07 Jun 2022 05:38:10 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://market-dcd.com/wp-content/uploads/2021/06/icon-2021-06-29T174343.113.png Marketplace lending – Market DCD http://market-dcd.com/ 32 32 AstroGrow Allverse Financial Ecosystem Designing connections between the metaverse and the universe https://market-dcd.com/astrogrow-allverse-financial-ecosystem-designing-connections-between-the-metaverse-and-the-universe/ Tue, 07 Jun 2022 05:38:10 +0000 https://market-dcd.com/astrogrow-allverse-financial-ecosystem-designing-connections-between-the-metaverse-and-the-universe/ AstroGrow Allverse Ecosystem launches user-oriented AstroGrow Dashboard dApp, AstroBank, AstroNFT Marketplace, and AstroWallet along with innovative features, maximizing benefits to be earned by customers. SINGAPORE – For a business to be in the spotlight, it is of the utmost importance that a lot of alluring features are offered. In the world of crypto, newbies and […]]]>
AstroGrow Allverse Ecosystem launches user-oriented AstroGrow Dashboard dApp, AstroBank, AstroNFT Marketplace, and AstroWallet along with innovative features, maximizing benefits to be earned by customers.

SINGAPORE – For a business to be in the spotlight, it is of the utmost importance that a lot of alluring features are offered. In the world of crypto, newbies and veterans alike tend to seek out companies that offer a safe and promising investment opportunity. AstroGrow Allverse Ecosystem is the ultimate firm that connects the metaverse to the real world. The official currency of this company, AstroGrow is a preeminent think tank offering countless benefits and rewards to the holder of the token. Simply holding this token can help expand one’s portfolio beyond one’s imagination. AstroGrow aims to create an ecosystem that is equally useful both in the metaverse and in the universe.

Project aspirations

AstroGrow ($ATG), with its thoughtful mission, aims to create an ecosystem that benefits both investors and consumers equally. The company aspires to connect digital applications used in both the metaverse and the universe, helping to bridge the gap between the two worlds. The pace of digitization in today’s world is quite fast. To prevent the financial sector from being left behind in this digitalization race and to ensure a promising future, AstroGrow is implementing ways to bring traditional and digital banking markets closer together. The company has allocated $300 million ATG for its private sale for 0.0015 ATG. The private sale of the business is set to close soon.

Countless Alluring Features

AstroGrow offers individuals the opportunity to improve the quantity and value of their assets without doing anything. By simply holding ATG tokens, users can earn automatic BUSD rewards. This is achieved by distributing the allocated 1% of each transaction among all $ATG holders. The Buyback and Burn mechanism adopted by the company collects 1% of each transaction and converts them into BUSD tokens. On redemption, tokens are purchased from this stock of BUSD tokens and then withdrawn from circulation. This holding of BUSD for a short time also rewards users with BUSD reward tokens.

For efficient operation, transaction and usage of the token, 1% of each transaction is allocated to the liquidity pool. Pool tokens are stored as $ATG and $BNB. The continuous supply of tokens from these pools gradually helps to improve the price floor. Investors and traders also find trading easy due to the presence of the liquidity pool. For a business to thrive and grow at a steady pace, it is necessary to attract new investors. These new investors can only be reached through effective marketing. AstroGrow allocated 1% of each transaction to the marketing portfolio. Tokens in this wallet are used for marketing purposes.

AstroGrow Dashboard dApp and an efficient working AstroNFT marketplace

AstroGrow’s dApp provides users with innovative services such as latest analytics, token burn counter, market capital assessment and investment calculators. The company offers an exchange interface that seamlessly converts one token to another. By the simple action of downloading an image or data, you can create your own redeemable NFT. The AstroNFT marketplace allows individuals to mint, buy and sell their NFTs. A team of highly accomplished people were in charge of the entire NFT collection, from production to security. The company plans to launch the market by the end of this year.

AstroBank – The perfect bank for $ATG and AstroWallet holders

AstroBank is a platform where many features are offered, all aimed at maximizing investment returns and expanding one’s portfolio. With a wide range of features such as governance, staking, farming, and lending, $ATG holders can reap big profits. This decentralized and community-driven bank maximizes volatility mitigates and puts positive pressure on digital asset prices. Decentralized banking paves the way for a more complex financial ecosystem. It offers $ATG holders the unique opportunity to vote on active proposals. With growing popularity, banking is set to become a passive source of income, especially for institutional investors. The bank paired with a state-of-the-art Crypto wallet is an innovative invention that tends to put the business in the spotlight. Through the AstroWallet, individuals can buy, sell and stake tokens while receiving the latest groundbreaking reward tokens and traditional crypto investments.

In addition, the private sale of the project is currently underway and has already been 73% filled. AstroGrow Allverse is set to become the first company in the coming times that would bridge the gap between the metaverse and the universe.

$ATG Tokenomics

Total supply: 1 billion ATG dollars

Private sale: 30%

Sale of Token/ICO/Liquidity: 40%

Locked for staking and CEX listings: 10%

Strategic burn after casting “AstroBoost”: 10%

Referrals/Airdrop/Contest: 5%

Team Release and Cash Gained: 5%

Total tax: 4%

  • Liquidity reserve: 1%
  • BUSD Reflection: 1%
  • Marketing: 1%
  • Redemption and burning: 1%

Additionally, AstroGrow also advertises on crypto platforms, press, and social media marketing to help the project grow and reach new heights.

For more information on AstroGrow ($ATG), visit the project official site or consult the white paper.

About AstroGrow

AstroGrow is the most rewarding think tank token on the BNB Smart Chain network. Simply hold $ATG and generate $BUSD in passive income from trading volume. AstroGrow’s goal is to connect the Metaverse to the Universe. Create an ecosystem that can be used in multiple worlds.

The goals of the AstroGrow platform are to help consumers and investors get the most out of an all-in-one ecosystem. Bringing together digital applications that can be used both in our universe and in the metaverse. The main goal is to give maximum benefits to users and investors through the AstroGrow ecosystem. AstroGrow strives to build bridges between traditional and digital banking markets to drive growth and acceptance, enabling the future of finance to take shape.

Website | Telegram | Twitter | Medium | Discord

AstroGrow

https://astrogrow.io/

Adam Berisha

[email protected]

Disclaimer:

The information provided in this press release is not investment advice, financial advice or trading advice. It is recommended that you exercise due diligence (including consulting a professional financial adviser before investing or trading in securities and cryptocurrencies.

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How the Web3 stack will automate the business https://market-dcd.com/how-the-web3-stack-will-automate-the-business/ Sat, 04 Jun 2022 16:10:00 +0000 https://market-dcd.com/how-the-web3-stack-will-automate-the-business/ We’re excited to bring back Transform 2022 in person on July 19 and virtually from July 20-28. Join leaders in AI and data for in-depth discussions and exciting networking opportunities. Register today! Web3 not only informs entire verticals and industries, but automates the core technology stack of businesses, including those once considered disruptors. Blockchain skepticism […]]]>

We’re excited to bring back Transform 2022 in person on July 19 and virtually from July 20-28. Join leaders in AI and data for in-depth discussions and exciting networking opportunities. Register today!


Web3 not only informs entire verticals and industries, but automates the core technology stack of businesses, including those once considered disruptors.

Blockchain skepticism has turned into curiosity. Those who have been on the front lines rejecting blockchain technology, yearning for viable use cases, are now accepting that they were wrong. One of them is Nigel Morris, managing partner of FinTech firm QED Investors and co-founder of Capital One. In a recent blog post, Morris admits that he has been a crypto-skeptic and that “this time two years ago, I didn’t understand it. I didn’t grasp the use cases for it and really never knew if it would garner global adoption. I was wrong.” He leans further, saying, “We believe that all companies in our portfolio will need to affirmatively develop a view of crypto and Web3 for both defensive and offensive reasons in the short term.”

In a letter to shareholders, JPMorgan CEO Jamie Dimon praised blockchain technology and DeFi, a stark contrast to his previous crypto statements. Dimon now thinks there are “many uses where a blockchain can replace or enhance contracts, data ownership, and other enhancements.” Ramsey El-Assal of Barclays Corporate & Investment Bank said at its March summit meeting:

“We see the potential of blockchain technology as similar in scale to the transformative computing changes that have been going on for decades, from mainframes to PCs, web to mobile. We further believe that the shift from “centralized” to “decentralized” technology will be the dominant theme in FinTech over the next two decades. »

Gartner estimates that blockchain could generate up to $3.1 trillion in new business value by 2030 – this could take the form of launching new products/services in B2B and B2C verticals across the globe. Currently, blockchain technologies have impacted the financial sector the most as its obvious use case is applied – enabling a more secure, transparent and efficient global economy. However, in addition to this infrastructure, blockchain technology will seep into all business functions to reform processes and operations today. For enterprises, harnessing the power of decentralized technologies by understanding how they compare to current systems will be essential.

Companies, especially FinTechs, are looking to be on the cutting edge of finance and want to offer comprehensive capabilities digitally in one place. 40% of current FinTech customers are likely to trade crypto next year (Enable advice). As the popularity of crypto continues to grow among their users, so does the need to quickly adapt their platform to be “Crypto Ready”. Companies are focusing on retaining current users by providing an optimal user experience and increasing the number of active users. To continue to be innovative leaders, they must have a marketplace for users to experience all types of financial products, including crypto.

Source: The Web3 stack

In Web2, consumers are increasingly seeing banking-as-a-service solutions embedded in consumer goods. Target partners with digital payment service PayPal, as well as Buy Now, Pay Later service Affirm to provide point-of-sale financing. Uber Cash hosts the Uber Visa debit card through a partnership with Go2Bank. The Web3 stack combines technologies, usually connected via APIs, made up of each blockchain network and the applications and tools designed to interact with it. The Web3 stack spans multiple layers: access, use case, infrastructure, and protocol. Regardless of industry or market positioning, businesses will be able to drive innovation, revenue streams, and improved customer experience on blockchain through Web3 enablers.

Web3 only partially exists in businesses, but is already having an incredible impact and changing strategies. Cross the river bank, which just raised $620 million at a $3 billion valuation, powers integrated payments, cards, lending and crypto solutions for more than 80 leading technology partners. Cross River CEO Giles Gade’s plan is to start offering more crypto-related products and services, moving towards a crypto-first strategy. Investors are excited about the opportunity. “As Web3 continues to grow in popularity with consumers and businesses, we believe Cross River is uniquely positioned to serve as the infrastructure and interconnecting fabric between the traditional and regulated centralized financial system as it transitions slowly to a decentralized system,” said Lior Prosor, general partner and co-founder of Hanaco Ventures in the Cross River Press Release.

In many ways, this era is no different than when financial institutions and venture capitalists saw the disruptive potential in investing in FinTech innovation – from analog to digital – years before. If FinTech is the blend of technology and finance, Web3 is the fusion of crypto with the web. It’s a step-by-step function better than the current financial system we operate in today, which is one of the reasons companies are now integrating Web3 through robust bottom-up API solutions.

Here are some examples of how the Web3 stack is automating the business from our perspective:

Participation in staking

Cryptocurrencies are more than traded assets; they are used to interact with blockchain networks and their application ecosystems. Cryptocurrencies serve a variety of purposes. Most people know that cryptocurrencies can be traded on exchanges, used to pay for transactions, buy commodities, or staked to generate returns. Few people also know that you can use cryptocurrencies to vote on code changes, stake to secure a network, or function as an access key to authorized communities. Earning rewards on your digital assets shouldn’t require a team of engineers. Sometimes the economy makes sense to launch your own node and stake your crypto. Launch a node in just a few steps – no coding required.

Negotiation and custody

For businesses to adopt blockchain technologies, the ability to securely store, manage, and transact with cryptocurrencies will be a major consideration. There are integrated solutions that offer secure custody, advanced trading platforms, and top-notch services so you can manage your crypto assets in one place.

Analytic

A truly data-driven business does not yet exist due to the limitation of access to data. Although data is central to business processes, access to data has remained hampered by technical inefficiencies and lack of interoperability and trust. Solutions that focus on decentralized storage or enable the indexing, querying and transaction of data will be key to unlocking new value in many business functions. This, along with the use of smart contracts, will have huge implications for secure business automation and decision-making. AML is the backbone of these key product offerings. Through analytics, businesses can connect crypto transactions to real-world entities using public blockchain attribution data, monitor risk, and investigate fraudulent activity.

Trade and payments

There is growing consumer demand for online and retail payment acceptance in digital assets. Legacy payment systems have built-in transaction costs that are also passed on to consumers. Businesses and consumers are turning to the digital asset economy as an alternative medium of exchange. Turnkey APIs for merchants, like accepting multiple cryptocurrencies or ways for consumers to buy crypto from a crypto wallet, will make the process more transparent for all parties involved.

Data interaction

Currently, Web3 APIs can be leveraged by enterprises to begin exploring the implementation of blockchain technologies to perform accounting functions, improve IoT connectivity, access real-time and auditable data to automate decision-making and participate in different networks. With read/write nodes, businesses can quickly access critical data and information from blockchains. A single API can help your engineering team avoid building and maintaining proprietary indexers in-house, access data faster, and reduce development time.

Businesses will need blockchain protocol specialists to truly understand how blockchain can help improve their current processes/operations and offer insight into how participating in different networks can add value to their business. In the same way that we have seen a “mobile app” version of a website, we will see a Web3 version of a Web2 platform – which will range from Google and Salesforce to Facebook and Tiktok.

A few things to consider when evaluating your Web3 stack to automate your business:

  • Leverage the combined experience of native and traditional crypto finance from a third party.
  • Get your crypto offerings to market faster with flexible, mature, and robust APIs and infrastructure.
  • Scale securely with standardized APIs to power and own the crypto experience through a range of fully integrated and white-label solutions.

Although there is a general need for more regulatory guidance, crypto-first companies are striving to best offer their partners a regulatory-compliant framework while expanding their reach. Web3 products have generated widespread adoption and will not be dismissed this time. “As the FinTech sector continues to grow alongside the popularity of cryptocurrency and blockchain, businesses will continue to adopt digital asset technologies,” according to block search.

There will be a Web3 version of every Web2 service provider that enables businesses, and that’s just the start.

Harry Alford manages institutional sales for Coinbase Cloud.

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Residual Token, Inc. ($eRSDL) Launches First-Ever DeFi Pool for US Businesses https://market-dcd.com/residual-token-inc-ersdl-launches-first-ever-defi-pool-for-us-businesses/ Thu, 02 Jun 2022 18:13:08 +0000 https://market-dcd.com/residual-token-inc-ersdl-launches-first-ever-defi-pool-for-us-businesses/ Receive instant alerts when news is published about your stocks. Claim your one week free trial for StreetInsider Premium here. Cheyenne, Wyoming–(Newsfile Corp. – June 2, 2022) – For U.S. businesses holding bitcoin, ethereum, or stablecoins, Residual Token, Inc. ($eRSDL) has launched the first U.S. regulatory-compliant DeFi pool. Treasurers, CFOs and controllers of American companies […]]]>

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Cheyenne, Wyoming–(Newsfile Corp. – June 2, 2022) – For U.S. businesses holding bitcoin, ethereum, or stablecoins, Residual Token, Inc. ($eRSDL) has launched the first U.S. regulatory-compliant DeFi pool. Treasurers, CFOs and controllers of American companies face the challenge associated with the limited permitted use of their digital assets. Responsible for managing these assets, most have kept them in cold storage or with guardians; rely solely on price appreciation to meet return expectations.

Institutional DeFi pool

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For years, retail crypto users have been able to experiment with ways to generate yield by providing their digital assets in DeFi pools all over the decentralized web. Some of these experiments have paid off for retail users, but the overarching problem for institutions; namely, knowing the source of the returns, remained an open question. Residual Token (ticker: $eRSDL), together with its banking partner, NextBank International, Inc., a wholly owned subsidiary of NextPlay Technologies, Inc. (NASDAQ: NXTP), and custodian, Aegis Custody, have built a platform which solves the institutional problem, source of the problem of profitability.

US companies can securely provide and borrow in a closed DeFi P2P (pool-to-peer) environment with their recently launched, regulatory-compliant, advanced technology framework. The bank’s commercial clients will participate in a private pool only with the bank’s other US institutional clients.

“The US government wants to know where and how returns are generated,” says Howard Krieger, CEO of Residual Token, Inc. “Frankly, if I’m the controller, treasurer, or CFO of a US company holding crypto, I have the same concerns.”

Residual Token calls the product ReserveLending+ and its goal is to provide a safe harbor in the open ocean of DeFI.

What is DeFi P2P (pool-to-peer)?

Unlike traditional lending pools where returns are calculated in a black box, decentralized peer-to-peer lending pools generate revenue for providers by charging borrowers interest. People and businesses participate by adding their cash (assets) to a pool that counterparties can borrow on an overcollateralized basis. Today, most P2P platforms are either permissionless or made up of a heterogeneous mix of people and businesses from around the world.

An example of the latter is Reserve Loan, Residual Token’s retail DeFi P2P lending platform. Anyone with an ERC-20 wallet address can participate. Although this type of platform meets the needs of individuals or entities not concerned with where the borrower generated the capital to pay the interest, the risk for US companies that the source of the funds to generate the return to be ill-gotten is too great.

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Overview of Lending Pools

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What is institutional decentralized finance?

Institutional DeFi is a term that crypto enthusiasts may or may not have heard of before. Platforms like AAVE Arc, using Fireblocks custody and wallet controls, provide institutions around the world with FATF (Financial Action Task Force) compliant access to a pool-to-peer platform.

Similar to retail decentralized finance, institutional DeFi enables the supply and borrowing of selected cryptocurrencies. Institutional DeFI only allows KYC (Know-Your-Customer) and whitelisted entities in a pool. Specific to ReserveLending+, each entity must submit to accept compliance with strict Anti Money Laundering (AML) guidelines through their NextBank deposit account application in order to be whitelisted. Other institutional platforms have their own terms and conditions and ways to maintain the trust and security of its corporate members.

As a result, excess bitcoin, ethereum or other digital assets held by the company may earn interest in some cases at higher savings rates than those offered by traditional banks. Conversely, loans can be drawn at competitive rates for qualified borrowers.

Specific to $eRSDL holders, Residual Token has pledged to use a portion of its revenue to purchase its token on the market based on borrower volume and prevailing interest rates. The company encourages US entities interested with crypto to request a demo to learn more.

Buying a bank: a DAO with a purpose

After a year of hard work building DeFi products, Residual Token plans to support the launch of a Decentralized and Autonomous Organization or DAO that aims to support the vision of blockchain-based institutional banking products for everyone. The DAO’s immediate goal will be to buy a bank with the DAO treasury and bring in neo-banking products, including Residual Token’s own line of products. According to Residual Token, holders of $eRSDL tokens will get early access and discounts on the DAO’s bonding program.

Conclusion

Blockchain technology enables safe and secure transfer of assets between unrelated parties without the need for intermediaries. Institutional DeFI, or the use of company assets to provide capital to borrowers, requires certain safeguards to be in place in order to meet regulatory guidelines and, in some cases, the company’s own fiduciary obligations. Residual Token, together with its banking and custodian partners, has designed a unique framework that addresses both the regulatory concerns that US companies may have when participating in these products, but also the concerns of the treasury managers of these companies.

About Residual Token, Inc. dba unFederalReserve

In business since 2018, Residual’s team of former bankers, technologists, and compliance professionals explored ways to make crypto lending and borrowing markets safer and traditional markets more efficient. They currently have a handful of blockchain-based software in development available for licensing. Its flagship product, ReserveLending, provides permissionless access to crypto holders so they can deposit, earn, and borrow the best digital assets securely, easily, and efficiently for cash management, hedging, or speculative purposes.

Company Name / Brand Name: Residual Token, Inc
Contact Person: Howard Krieger
Title of contact person: CEO / co-founder
Company Email: [email protected]
Website: unfederalreserve.com
Twitter: https://twitter.com/unFederalreser1

Although the material contained in this article has been prepared based on information from public and private sources that Residual Token, Inc. d/b/a unFederalReserve believes to be reliable, no representation, warranty or commitment, express or implied, no assurance is given as to the accuracy of the information contained herein, and Residual Token, Inc. expressly disclaims any responsibility for the accuracy or completeness of the information contained in this or any other article.

This article, our website, social media posts, and other public forum materials are distributed for general informational and educational purposes only and are not intended to constitute legal, tax, accounting, or legal advice. of investment. The information, opinions and views contained herein have not been adapted for the purposes of any particular individual, are current only as of the date hereof and are subject to change at any time without notice. Residual Token, Inc. has no obligation to provide revised notices if circumstances change.

All investment strategies and investments involve the risk of loss. Nothing contained in this website should be construed as investment advice. Any reference to past or potential performance of an investment is not and should not be construed as a recommendation or as a guarantee of any specific result or profit.

No idea or strategy discussed herein should be undertaken by any person without prior consultation with a financial, tax or legal professional for the purpose of assessing whether the ideas or strategies that are discussed are suitable for you based on your own personal goals, needs and risk tolerance. Residual Token, Inc. expressly disclaims any liability or loss suffered by anyone acting on the information, ideas or strategies discussed herein.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/126294

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Mortgage approvals fall on rising interest rates https://market-dcd.com/mortgage-approvals-fall-on-rising-interest-rates/ Tue, 31 May 2022 13:41:13 +0000 https://market-dcd.com/mortgage-approvals-fall-on-rising-interest-rates/ Tuesday, May 31, 2022 12:26 PM Mortgage approvals have fallen to the lowest level seen since the UK home buying frenzy peaked in June 2020, official data showed today. Britons got 66,000 mortgages in April, down from 69,500 in March, Bank of England data showed. This figure is slightly lower than the pre-pandemic average of […]]]>

Tuesday, May 31, 2022 12:26 PM

Mortgage approvals have fallen to the lowest level seen since the UK home buying frenzy peaked in June 2020, official data showed today.

Britons got 66,000 mortgages in April, down from 69,500 in March, Bank of England data showed. This figure is slightly lower than the pre-pandemic average of 66,700, as mortgage rates rise.

Mortgage interest rates climbed 1.82% in April after the Bank of England raised the base lending rate in December last year.

The Office for Budget Responsibility forecasts that mortgage interest rates will reach around 13% in 2023, which should further dampen lending rates.

“Rising mortgage rates have unsurprisingly led to reduced lending volumes, after significant volatility this could be the start of a return to pre-pandemic ‘normal’ lending activity,” said Michael Davidson, Director revenue from the Freedom Finance digital loan market, adding that Britons are leaning towards improving their current property instead of moving.

More than 191,000 homes changed hands in June 2020, as the pandemic-era space race ushered in unprecedented levels of market activity.

However, the combination of rising interest rates on mortgages, record house prices and the cost of living crisis saw transactions begin to slow in the first months of the year.

Net borrowing for mortgages fell from £6.4bn in March to £4.1bn in April, slightly below the pre-pandemic average of £4.3bn.

Jason Tebb, boss of property research site OnTheMarket, said the figures suggest “the market is rebalancing” but it “will take time” before it becomes more widespread.

“The ‘new normal,’ an elevated version of the pre-pandemic market, continues, along with early signs of a shift to a more nuanced and rebalanced sector,” he added. “A ‘one size fits all’ image has yet to emerge as it is not the same in all regions, with buyers having to relocate still determined to continue.”

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This Fintech Stock Just Smashed Its First Quarter Forecast https://market-dcd.com/this-fintech-stock-just-smashed-its-first-quarter-forecast/ Sun, 29 May 2022 11:30:00 +0000 https://market-dcd.com/this-fintech-stock-just-smashed-its-first-quarter-forecast/ A various factors helped loan club (NYSE:LC) have a very successful first trimester. In this video clip from the “Future of Fintech” on Motley Fool Live, recorded on May 19Fool.com contributor Bram Berkowitz briefly explains why he’s excited about the loan company. 10 Stocks We Like Better Than LendingClubWhen our award-winning team of analysts have […]]]>

A various factors helped loan club (NYSE:LC) have a very successful first trimester. In this video clip from the “Future of Fintech” on Motley Fool Live, recorded on May 19Fool.com contributor Bram Berkowitz briefly explains why he’s excited about the loan company.

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Bram Berkowitz: This is one of my most important positions for fintech. I’m still very optimistic about it. I think they had a good first quarter. They’ve raised their forecast, they’ve significantly exceeded forecast, they’re increasing the credit quality of the loans they’re making, and they’re also in the business of personal loans like Reached (NASDAQ: UPST)but completely different models.

Upstart just got hammered for holding loans because their model is a marketplace, LendingClub is a digital marketplace bank, they got the banking charter and they actually want to hold loans. They’re actually increasing the amount of loans they’re going to hold, they’re doing about a quarter of that. But it just goes to show that even though they are in the same space, they have different patterns and they can both be successful.

But if LendingClub was like, hey, we’re gonna stop holding all of our loans, they’ll probably be hammered, and if Upstart was like, we’re gonna start holding more, like we’ve seen, they’ve been hammered. It’s good to just compare and contrast, and look at the different models, but both work in the personal loan business. But sorry to ramble, but yeah, I’m always an optimist and if you have any other questions, don’t hesitate.

Bram Berkowitz has positions in LendingClub and has the following options: January 2023 long calls of $45 on LendingClub and January 2023 long calls of $48.42 on LendingClub. The Motley Fool holds positions and recommends Upstart Holdings, Inc. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Today in B2B: regulatory constraints are slowing down electronic payments https://market-dcd.com/today-in-b2b-regulatory-constraints-are-slowing-down-electronic-payments/ Mon, 23 May 2022 21:47:25 +0000 https://market-dcd.com/today-in-b2b-regulatory-constraints-are-slowing-down-electronic-payments/ Today in B2B payments, Sylndr raises $12.6 million in its latest fundraising effort, while Amaryllis secures $10 million to accelerate its development. Additionally, EVO Payments acquires North 49 Business Solutions for enhanced B2B integrated payment solutions, PayEngine to use its $10M Series A fundraising for growth and expansion, Tranch gears up for US debut and […]]]>

Today in B2B payments, Sylndr raises $12.6 million in its latest fundraising effort, while Amaryllis secures $10 million to accelerate its development. Additionally, EVO Payments acquires North 49 Business Solutions for enhanced B2B integrated payment solutions, PayEngine to use its $10M Series A fundraising for growth and expansion, Tranch gears up for US debut and most companies say automated accounts payable fuel growth.

EVO Payments Adds North49 for B2B Integrated Payments

Global payments provider EVO Payments has acquired Sage development partner North49 Business Solutions to provide Sage customers with enhanced B2B integrated payment solutions, according to a company press release on Monday (May 23).

The acquisition expanded EVO’s portfolio of enterprise resource planning (ERP) integrations to include accounting software Sage, which the company says will allow it to sign new partners and merchants within the company. Wise ecosystem. Terms of EVO’s acquisition of North49 were not disclosed.

Regulatory Compliance Solutions Accelerate Adoption of B2B Digital Payments

PYMNTS research found that regulatory burdens are a major challenge preventing migration to digital B2B payment solutions for approximately half of US and Canadian merchants, as noted in the “Payments Orchestration Playbook”, a collaboration between PYMNTS and Spreedly .

With around two-thirds of B2B businesses now offering fully digital e-commerce capabilities and their online customers making more purchases outside of their home country, companies looking to support easy and convenient cross-border payments will need to maintain regulatory compliance in multiple markets.

Finding technology or industry partners that can help merchants easily manage their relationships with disparate payment service providers is key to staying competitive. Solutions such as payment orchestration could play a key role in this by making it easier for businesses to connect to their various payment partners and allowing them to manage the payment process on a single platform.

PayEngine lands $10 million for growth and expansion

B2B payments platform PayEngine said it secured $10 million in Series A funding that it plans to use to grow its team, expand customer access, develop more financial products and improve its service offerings. international support, according to a company announcement Monday, May 23. .

PayEngine’s platform helps software-as-a-service (SaaS) companies in verticals such as home services, automotive, construction, healthcare, and transportation improve their payment monetization strategies.

Global venture capital firm Point72 Ventures led PayEngine’s fundraising effort, with participation from private equity firms Mucker Capital, BAM Ventures and K5 Global.

B2B payments infrastructure company TransferMate valued at $1 billion

Dublin-based B2B payments infrastructure company TransferMate has raised $70 million in new funding, valuing the business at $1 billion.

According to a company press release Monday, May 23, the funding will help TransferMate expand its team and invest in its product suite, which includes its global licensing infrastructure and banking network.

The company’s service enables businesses and individuals to make cross-border payments to more than 201 countries and in 141 currencies, seamlessly and with the ease of transferring funds domestically.

The Data Point: 98% of Companies Say Automated Endpoints Accelerate Payments and Fuel Growth

For the PYMNTS study “High-Volume Accounts Payable: Achieving Long-Term Growth Through Automation,” executives from four industries: transportation, logistics, and shipping; online marketplaces; the gig economy; and virtual events – were surveyed to see why hotspot automation is helping growth and how companies of different sizes in various verticals are using it or planning to use it.

In the past year alone, retail payment companies have seen demand rise in the industries we’ve studied as digital transformation catalyzes more commerce, even in an inflationary shadow.

We found that 95% of companies surveyed saw their average monthly debt increase, while 97% of companies say plans to increase sales and profits would be hampered if they were unable to handle volumes of higher accounts payable.

Sylndr Used Car Market Raises $12.6M

Egyptian online used car market Sylndr is looking to expand after raising $12.6 million in a pre-seed funding round. The Cairo-based company plans to use the funds to double the size of its team, while building on its technology infrastructure, brand awareness and operational capabilities.

Sylndr is an e-commerce marketplace that allows consumers to buy and sell their cars and find financing.

UK-based BNPL Tranch gears up for US launch with $4.2m

Tranch, a UK Buy Now, Pay Later (BNPL) platform for software-as-a-service (SaaS) vendors and professional service providers, said it has raised $4.25 million in equity and funding by loan. The company – which has just been sneaked out – will use the funding to expand its team and bring more suppliers on board as it prepares to expand into the United States later this year.

Flash Ventures led Tranch’s funding round, with backing from Y Combinator and Columbia Lake Partners.

Founded in 2021, Tranch said it’s helping solve a $20 billion-a-year problem: waste between companies paying higher monthly fees for annual SaaS contracts that they could pay in full if not for constraints cash.

B2B facilitation platform Amaryllis Payment Solutions obtains $10 million to accelerate its development

Amaryllis Payment Solutions closed Monday, May 23, a $10 million Series B funding round that it will use to accelerate product development and strengthen its marketing and sales, according to a company press release. .

Amaryllis provides a payment facilitation platform for financial institutions, software vendors and SaaS companies to help them better monetize payments through their service and increase their revenue and business valuations.

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NEW PYMNTS DATA: THE TRUTH ABOUT BNPL AND STORED CARDS – APRIL 2022

On: Shoppers who have store cards use them for 87% of all eligible purchases – but that doesn’t mean retailers should start buy now, pay later (BNPL) options at checkout. The Truth About BNPL and Store Cards, a collaboration between PYMNTS and PayPal, surveys 2,161 consumers to find out why providing both BNPL and Store Cards is key to helping merchants maximize conversion.

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Better Buy: Upstart Holdings vs. LendingClub https://market-dcd.com/better-buy-upstart-holdings-vs-lendingclub/ Sat, 21 May 2022 12:43:00 +0000 https://market-dcd.com/better-buy-upstart-holdings-vs-lendingclub/ IIt’s no secret that the market has struggled so far in 2022. Year-to-date, the S&P500 fell 19%. This market weakness has been even worse for emerging companies such as financial technology companies, more commonly known as fintechs. For example, the Ark Fintech Innovation ETF has lost more than 55% since the start of the year. […]]]>

IIt’s no secret that the market has struggled so far in 2022. Year-to-date, the S&P500 fell 19%. This market weakness has been even worse for emerging companies such as financial technology companies, more commonly known as fintechs. For example, the Ark Fintech Innovation ETF has lost more than 55% since the start of the year.

Two fintech companies that exploded back to earth last year are Assets received (NASDAQ: UPST) and loan club (NYSE:LC). After soaring to sky-high valuations, they’re down 87% and 71% respectively from their 2021 peak prices. They look the same on the surface, but one of them has a distinct advantage which I think , will give him an advantage in the future. years.

Image source: Getty Images.

Upstart and LendingClub have this in common

Upstart is an emerging company fintech who wants to change consumer credit. The company’s goal is to make personal loans available to everyone, including those not considered creditworthy by traditional credit scores.

The company aggregates loans through its website or app, then leverages artificial intelligence (AI) to quantify risk across 1,500 variables to disburse those loans.

LendingClub is a fintech that has been around a bit longer than Upstart. The company was founded in 2006 and was initially a peer-to-peer lending platform. It also relies on AI to help it make loans. Specifically, the company focuses on providing personal loans to people who want to pay off their credit card balances and other debts and consolidate them into one loan.

The only big difference

Upstart and LendingClub have very similar business models. They both focus on writing personal loans and collecting fees for their assistance in writing those loans. However, a key difference is that LendingClub owns a portion of the loans it writes, while Upstart does not.

Upstart’s revenue model is similar to LendingClub’s a few years ago. For the uninitiated, Upstart focuses on underwriting loans on behalf of its banking partners and then receives commissions from those banks, which hold the loans on their balance sheets. These fee revenues accounted for more than 94% of Upstart’s revenue in 2021.

However, what is happening to Upstart today is what happened to LendingClub a few years ago. When credit markets tightened in 2016LendingClub’s heavy reliance on fees caused the company to change its criteria by lowering its standards to continue generating loans – ultimately causing its CEO to resign.

Since then, LendingClub has changed its business by acquiring digital bank Radius Bancorp, which closed in February 2021. Owning a bank gives LendingClub a distinct advantage over Upstart, which I think will give it an edge in years coming.

LendingClub should see more stable revenue

By purchasing Radius Bancorp, LendingClub can now accept deposits and issue loans without going through a partner bank. It also allows the business to hold loans on its books and earn interest income from them over time.

LendingClub CEO Scott Sanborn reiterated that holding loans on its books would sacrifice some profits today, but would be three times more profitable in the long run. LendingClub’s sources of income are therefore more diversified. The fintech generated marketplace revenue (similar to Upstart’s fee revenue) of $180 million in the first quarter. However, this source accounted for 62% of LendingClub’s total revenue, with the rest coming from interest income on the loans it manages.

By holding loans on its books, LendingClub does not rely entirely on lending to drive revenue growth. Instead, the company earns more interest income over time, which is a more stable source of income if personal loan terms tighten. Not only that, but the company has loans on its books when interest rates continue to rise, which should serve as a tailwind for growth in interest income.

LendingClub trades at a cheaper valuation than Upstart, posting a price-to-earnings (P/E) ratio of 13.1 compared to 23.8 for Upstart. Given the cheaper valuation and more resilient business model, I believe LendingClub can outperform Upstart in the years to come.

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Courtney Carlsen has positions in LendingClub. The Motley Fool holds positions and recommends Upstart Holdings, Inc. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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KBRA Assigns Preliminary Ratings to Upstart Titrization Trust 2022-2 https://market-dcd.com/kbra-assigns-preliminary-ratings-to-upstart-titrization-trust-2022-2/ Thu, 19 May 2022 19:54:00 +0000 https://market-dcd.com/kbra-assigns-preliminary-ratings-to-upstart-titrization-trust-2022-2/ NEW YORK–(BUSINESS WIRE)–KBRA assigns preliminary ratings to a class of notes issued by Upstart Securitization Trust 2022-2 (“UPST 2022-2”), a $545.12 million consumer loan ABS transaction with KBRA rating the notes Class A totaling $365.638 million. The preliminary rating reflects the initial level of credit enhancement of 41.24% for the Class A Notes. The credit […]]]>

NEW YORK–(BUSINESS WIRE)–KBRA assigns preliminary ratings to a class of notes issued by Upstart Securitization Trust 2022-2 (“UPST 2022-2”), a $545.12 million consumer loan ABS transaction with KBRA rating the notes Class A totaling $365.638 million. The preliminary rating reflects the initial level of credit enhancement of 41.24% for the Class A Notes. The credit enhancement consists of overcollateralization, excess margin, non-declining cash reserve account and subordination.

UPST 2022-2 represents the 38and The securitization of ABS secured by unsecured consumer loans originated from the online platform operated by Upstart Network, Inc. (“Upstart” or the “Company”) and the seventeenth of Upstart’s ABS program Securitization Trust (“UPST”). UPST is sponsored by Goldman Sachs and is separate from other securitization vehicles containing collateral from Upstart, including “UPSPT”, sponsored by Jefferies, LLC and “USPTT”, sponsored by a subsidiary of Credit Suisse Finance LLC. Upstart was established in February 2012 and operates an online marketplace lending program (www.upstart.com) and a white-label technology licensing service (collectively, the “Upstart Platform” or the “Platform”) that enables financial institutions and other potential partners to leverage the online application stream , machine learning credit model, verification process and other Upstart technologies to create loans according to their own underwriting standards.

Collateral pool loans are issued by Cross River Bank and FinWise Bank. As of the statistical close date, borrowers in UPST 2022-2 have a weighted average interest rate and a weighted average FICO score of 19.99% and 652, respectively. The guarantee pool has a weighted average initial duration of 57 months and a weighted average maturity of 4 months.

KBRA applied its ABS Global Rating Methodology for Consumer Lending, as well as its Global Structured Finance Counterparty Methodology and ESG Global Rating Methodology as part of its analysis of portfolio pool data, collateral pool underwriting underlyings and capital structure. KBRA reviewed its operational reviews of Upstart, as well as periodic update calls with the company. Operational agreements and legal opinions will be reviewed prior to closing.

Click on here to view the report. To access relevant notes and documents, click here.

Related Publications

Disclosures

Further information on key credit considerations, sensitivity analyzes that consider factors that may affect these credit ratings and how they could lead to an upgrade or downgrade, and ESG factors (where they are a key factor in changing the credit rating or rating outlook) can be viewed in the full rating report mentioned above.

A description of all substantially significant sources that were used to prepare the credit rating and information on the methodology(ies) (including all significant models and sensitivity analyzes of the main relevant rating assumptions, the where applicable) used to determine the credit rating are available in the information disclosure form(s) located here.

Information on the meaning of each rating category can be found here.

Additional information relating to this rating metric is available in the information disclosure form(s) referenced above. Additional information regarding KBRA’s policies, methodologies, grading scales and disclosures is available at www.kbra.com.

About KBRA

Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the United States Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a rating agency with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a rating agency with the UK Financial Conduct Authority under the temporary registration scheme. Additionally, KBRA is designated as the Designated Rating Agency by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a credit rating provider.

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CoinSmart Announces First Quarter 2022 Financial Results https://market-dcd.com/coinsmart-announces-first-quarter-2022-financial-results/ Tue, 17 May 2022 08:13:58 +0000 https://market-dcd.com/coinsmart-announces-first-quarter-2022-financial-results/ Coinsmart Financial Inc. (NEO: SMRT) (FSE: IIR) (“CoinSmart” or the “Company”), one of Canada’s leading crypto asset trading platforms, announced the addition of three key new hires to its Toronto as it expands its management team to accelerate the company’s growth after a banner year. Jodi Klein joins as Head of Growth, Pierre Soulard as […]]]>

Coinsmart Financial Inc. (NEO: SMRT) (FSE: IIR) (“CoinSmart” or the “Company”), one of Canada’s leading crypto asset trading platforms, announced the addition of three key new hires to its Toronto as it expands its management team to accelerate the company’s growth after a banner year. Jodi Klein joins as Head of Growth, Pierre Soulard as Chief Legal Officer and Nooreen Kanji as Chief People Officer.

“We are extremely pleased to be able to announce the expansion of our management team with the addition of Jodi, Pierre and Nooreen,” said the CEO of CoinSmart. justin hartzman . “These individuals bring tremendous expertise and experience to CoinSmart, and we believe they will be valuable additions to the CoinSmart team as we seek to continue to grow our operations in both Canada and abroad.”

Jodi Klein Head of Growth : Jodi brings over 15 years of expertise in digital marketing and marketing technology. His experience includes a deep understanding of integrated marketing tactics and emerging technologies in industries spanning online gaming, financial services, automotive and retail. Most recently, Jodi was Director of Marketing Acquisition and Digital Engagement Marketing at Scotiabank, as well as Senior Director of the GroupM Trading Division and Digital Marketing Program Manager at Dell Canada.

Pierre Soulard Legal council : Pierre will oversee CoinSmart’s strategy and legal affairs and provide strategic advice to the management team and board of directors. Pierre joins CoinSmart from Miller Thomson LLP where he was a partner. He brings extensive expertise in corporate finance, public and private M&A transactions and corporate governance. Pierre holds a BCL and an LLB from McGill university and a Master of Laws from Osgoode Hall Law School.

Nooreen Kanji Chief of staff : Nooreen’s newly created role encompasses recruitment administration, onboarding, legal compliance, payroll, data and reporting and other general people-related activities within the team. Prior to joining Coinsmart, Nooreen previously worked at Coinsquare as Head of Culture & Engagement, and previously as Head of Talent & Culture at Anomaly.

CoinSmart is also proud to announce that the company has been named as Great place to work ® after an in-depth and independent analysis conducted by the Great Place to Work Institute® Canada .

Great Place to Work® is the global authority on workplace culture, employee experience, and leadership behaviors proven to drive revenue, employee retention, and increased innovation.

“At CoinSmart, we have always strived to create a thriving and inclusive work environment where employees feel valued and recognized,” the CEO said. justin hartzman . We have an extremely talented and hardworking team who work diligently to advance our vision at CoinSmart, so it is our responsibility to ensure that they work in an environment where they feel valued and can thrive. Our certification as a Great Place to Work is a testament to the efforts we have made to achieve this.”

About Coinsmart Financial Inc.

CoinSmart is a Canada-based crypto asset trading platform dedicated to providing customers with an intuitive way to buy and sell digital assets, like Bitcoin and Ethereum. CoinSmart is one of the few crypto asset trading platforms in Canada be registered as a broker and dealer with the Ontario Securities Commission. CoinSmart is also one of the first trading platforms headquartered in Canada to have an international presence, accepting customers in over 40 countries at a time when the digital asset industry continues to develop rapidly.

CoinSmart further builds on its mission to make cryptocurrency accessible by providing educational resources suitable for every level of cryptocurrency knowledge and unparalleled 24/7 omnichannel customer support. Offering instant verification, industry-leading cold wallet storage, advanced charting with order book functionality, and premium over-the-counter services, CoinSmart ensures that every customer’s needs are met with the highest level of quality and care. For more information, please visit https://www.coinsmart.com/ .

Connect with CoinSmart: Website | LinkedIn | Twitter | instagram | Facebook

About Great Place to Work®:

Great Place to Work is the global authority on high-reliability, high-performance work cultures. Through proprietary assessment tools, consulting services and certification programs, Great Place to Work recognizes from Canada Best places to work in a series of national lists, including those published by The Globe & Mail ( Canada ) and Fortune magazine ( UNITED STATES ). Great Place to Work provides the benchmarks, framework and expertise to create, sustain and recognize exceptional work cultures. Visit us at www.greatplacetowork.ca or find us on Twitter at @GPTW_Canada.

Caution Regarding Forward-Looking Information and Other Disclosures

This press release contains statements that constitute “forward-looking information” (” forward-looking information “) within the meaning of applicable Canadian securities laws. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates and projections as of the date of this press release. Any statement that discusses predictions, expectations, beliefs, plans, projections, goals, assumptions, future events or performance (often but not always using expressions such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budgets”, “expects”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or indicating that certain actions, events or results “may”, “could”, “would”, “could” or “will” be expected to occur or be achieved) do not are not statements of historical fact and may be prospective information ives. In disclosing the forward-looking information contained in this press release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, it can give no assurance that the expectations in such forward-looking information will prove to be correct. Known and unknown risks, uncertainties and other factors may cause actual results and future events to differ materially from those expressed or implied by such forward-looking information. These factors include, but are not limited to: regulatory approvals. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Except as required by law, the Company disclaims any intention and undertakes no obligation to update or revise forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting this forward-looking information. -search for information or other.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities of United States . The securities have not been and will not be registered under United States securities law or any state securities law and may not be offered or sold in United States or to US Persons, unless they are registered under the US Securities Act and applicable state securities laws or an exemption from such registration is available.

SOURCECoinSmart

Quote Show original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2022/23/c7653.html

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Alex Mashinsky Net Worth 2022: How Wealthy Is The Celsius Network Founder? https://market-dcd.com/alex-mashinsky-net-worth-2022-how-wealthy-is-the-celsius-network-founder/ Sun, 15 May 2022 14:53:16 +0000 https://market-dcd.com/alex-mashinsky-net-worth-2022-how-wealthy-is-the-celsius-network-founder/ Alex Mashinsky is an influential inventor who holds 50 patents to his name. He is also an entrepreneur who has helped found several technology companies. He first rose to prominence within the technology company Arbinet. More recently, he runs one of the largest crypto lending platforms in the world, the Celsius Network. As of 2022, […]]]>

Alex Mashinsky is an influential inventor who holds 50 patents to his name. He is also an entrepreneur who has helped found several technology companies. He first rose to prominence within the technology company Arbinet. More recently, he runs one of the largest crypto lending platforms in the world, the Celsius Network. As of 2022, Alex Mashinsky has an estimated net worth of $50 million.

Youth

On October 5, 1965, Mashinsky was born in Soviet Ukraine. In 1972 his family moved to Israel and he spent most of his childhood there. His father worked as a handyman and Alex imitated his old man.

He had the ability to tap into public phone lines at a young age. Mashinsky used to buy and sell seized items at customs auctions at Tel Aviv’s Ben Gurion Airport when he was a teenager.

Mashinsky studied electrical engineering at three different universities but did not complete his studies. He decided to serve in the Israeli army and in the late 80s he moved to New York.

Carrier start

He began his career in the United States as the owner of a company that negotiated contracts for the delivery of chemicals. The business suffered a setback in 1989, so Alex worked at a software company called A+ Systems.

Alex Mashinsky created VoiceSmart, one of the first startups to provide Voice over Internet Protocol (VoIP) telephone service in the early 1990s. In 1996, he gained traction by founding Arbinet, a VoIP marketplace.

He sold his stake in Arbinet in 2005 and used some of the money to launch mobile car reservation company GroundLink. It secured partnerships with many auto services and became a hit.

Other companies

For his efforts, Alex has won various accolades, including the Albert Einstein Medal of Technology, Crain’s Top Entrepreneur Award, and the Technology Foresight Award for Innovation. Alex eventually turned to startup funding after a few successful exits.

He founded Governance Dynamics, a start-up venture capital firm. Besides traditional businesses, Governance Dynamics has invested in cryptocurrencies and blockchain technology.

Because he believes in its potential, Alex Mashinsky ventured into crypto himself, creating the Celsius Network in 2017. It’s a site that lends digital assets to users, offering up to 17% APY to yield-seeking clients.

Celsius one of the leading platforms in this space competing with BlockFi and Coinbase. They have almost $17 billion in assets under management and 130,000 BTC are staked on their platform.

Net worth and earnings

alexander has invested in over 60 companies over the years, with many successes and failures. As a start-up entrepreneur, he reportedly raised over $1 billion in funding for his ventures. His background has also made him a public speaker who has appeared at over 250 global events.

It should be noted that the Celsius network token, CEL, has a market capitalization that has always been in the $1 billion range. This is why he is considered by Cointelegraph as one of the top 100 people in crypto in 2021. His fortune is currently worth $50 million.

Private life

Mashinsky is a married man and his wife’s name is Krissy. They met in 2005 but didn’t get married until 2011. The couple are currently raising six children together. They have three boys and three girls. Alex and his family reside in New York.

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