Argentina’s Lemon Cash received investment from FTX; & more!

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NEWS HIGHLIGHT

Argentina’s Lemon Cash received investment from FTX, revealed CEO Marcelo Cavazzoli, who also confirmed that the company still has its own funds held in the exchange, and although he explained it’s not a significant amount, there is no longer any expectation of recovering the funds. Link here 

BREAKING NEWS

Binance deploys $1 billion in an attempt to keep the crypto industry afloat after FTX collapse. In a blogpost, Binance said it will devote $1 billion in initial commitments to a recovery fund which may increase to $2 billion “if the need arises,” they added. Link here

Assure, a fintech for startup investing, is shutting down. The company did not provide users with a reason for the shutdown, which takes effect at the end of the year. Link here

#FINTECHREPORT

Embedded Insurance: The Art & Science of Unselling Insurance, is a research report by Coverager® and PwC that examines the significant opportunities offered by embedded insurance. Link here

Take a look at this article by Flagship Advisory Partners, which analyzes U.S. BNPL metrics published in Consumer Financial Protection Bureau's “Buy Now, Pay Later: Market Trends and Consumer Impacts Report”. Link here

Check out Digital banking in The Middle East, a report by BPC Banking Technologies and Fincog that investigates the digital banking market of the Middle East with a particular focus on the countries of the Gulf Cooperation Council (GCC). Link here