Today in FinTech: Block Shifts to Blockchain
In today’s FinTech news, Block, formerly known as Square, wants people to stop thinking of it as a payment-only company and will now focus on its music streaming and cryptocurrency divisions. Additionally, players using Hard Rock Sportsbook can now transfer money in real time between their bank account and digital wallet.
Kenyan software startup Bamba secures $3.2m seed funding
Enterprise software startup Bamba is using its seed capital to hire additional talent for its engineering team, improve its app, and grow its user base. The company is based in Nairobi, Kenya, and develops mobile-focused enterprise software for micro-merchants in Africa. The $3.2 million round was led by 468 Capital.
Nuvei offers Hard Rock Sportsbook instant deposit and payout capabilities
Hard Rock Sportsbook now offers players the ability to instantly deposit funds to and from their gaming wallet into their bank account. The sports gaming platform has partnered with Nuvei and uses its instant bank transfer technology, which is integrated with The Clearing House’s real-time payments (RTP) network.
Dorsey: Blocking the Shift from Payments-Only Focus to Blockchain Focus
Block is set to reposition its identity away from a payment-only business towards a global ecosystem. He said Block will initially expand its focus on cryptocurrency and music streaming, and as society evolves, bitcoin will play an increasingly important role.
Apis invests in the B2B micropayments platform DT One
B2B digital micropayments platform DT one received an undisclosed amount of funding from a private equity fund Apis Growth Fund II. The Singapore-based company is using the new capital to grow its footprint, explore acquisitions and enter into strategic partnerships. DT One’s platform enables cross-border mobile micropayments in the form of airtime top-ups and additional data that can be used for game pins and gift cards.
Mollie Teams with in3 for BNPL in the Netherlands
Amsterdam-based payments company Mollie and Eindhoven start-up buy now, pay later (BNPL) in3 are teaming up to offer interest-free installments across the Netherlands. BNPL payments are offered by in3 via the Dutch payment system idealwhich facilitates online direct transfers from consumers’ bank accounts.