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Aufinity Secures $26M Series C Funding Led by BlackFin for Innovative Automotive Payments Platform
Aufinity Group, a FinTech specializing in digital payment solutions for the automotive industry, has raised $26 million in Series C funding, led by BlackFin Capital Partners, with participation from existing investors like PayPal Ventures and Seaya Ventures. The funds will enhance Aufinity’s payment management capabilities and support its expansion across Europe. The company, known for its white-label solutions for car dealers and OEMs, aims to improve transaction speeds and customer experience. CEO Lasse Diener expressed excitement about accelerating growth and forming strategic partnerships, citing increased international demand as a key factor for this funding round.
Anchorage Digital Set to Expand with Strategic Acquisition of Mountain Protocol, a Leading Stablecoin Issuer
Anchorage Digital has agreed to acquire Mountain Protocol, a Bermuda-based issuer of the USDM stablecoin, aiming to expand its stablecoin offerings amid growing institutional demand and regulatory changes in the U.S. The acquisition’s financial details remain undisclosed, pending regulatory approvals. Mountain Protocol’s USDM stablecoin is fully backed by U.S. Treasuries and operates across multiple blockchains, appealing to institutional investors. Anchorage plans to integrate Mountain Protocol’s technology and team to enhance support for stablecoin use cases. CEO Nathan McCauley emphasized the importance of stablecoins in the digital economy. Additionally, Anchorage has secured a Major Payment Institution license in Singapore.
Zeidler Group Partners with 6 Monks to Fuel Swiss Market Expansion
6 Monks (6M) has partnered with the Zeidler Group to improve its fund distribution in Switzerland, focusing on its Luxembourg Reserved Alternative Investment Fund (RAIF). This collaboration emphasizes regulatory compliance under the Swiss Collective Investment Schemes Act (CISA) and aims to streamline distribution processes. 6M, an Alternative Investment Fund Manager specializing in Private Equity and Web3 investments, looks to leverage Zeidler’s expertise in regulatory compliance and operational excellence. The partnership aims to enhance investor confidence while expanding market reach, combining innovative technology with tailored legal solutions to navigate complex financial regulations effectively.
Plata Soars into Unicorn Status with $160 Million Series A Funding Round
Mexican digital bank Plata has achieved unicorn status with a $1.5 billion valuation after raising $160 million in a Series A funding round led by Kora. Founded in Mexico City by banking executives Neri Tollardo and Danil Anisimov, Plata has gained over one million active credit card users and received a full banking license. The funding will enhance technology, expand products, and strengthen its market presence in Mexico. With a workforce of 1,500, 40% of whom are in STEM, Plata aims to innovate its core banking system. CEO Tollardo emphasizes their focus on user-friendly technological solutions in Latin America’s financial services.
Russia Urges SCO Nations to Unite on Sustainable Finance Standards for Global Impact
Russia has proposed the establishment of unified standards for sustainable financing within the Shanghai Cooperation Organisation (SCO) to improve regional investment and assess Environmental, Social, and Governance (ESG) risks. Announced by Nikita Kondratyev during a meeting in Tianjin, the initiative aims to attract capital for sustainable projects by creating a tailored financial architecture for SCO countries. Key objectives include enhancing the investment climate, aligning sustainability metrics, and reducing investment fragmentation. The proposal encourages sharing best practices and adapting ESG tools to local markets, emphasizing the need for coordinated action among emerging economies to support economic growth and resilience.