Goldman Sachs to cut several hundred jobs; & more!

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NEWS HIGHLIGHT

Goldman Sachs is embarking on its biggest round of job cuts since the start of the pandemic. The Wall Street titan plans to eliminate several hundred roles starting this month. While the total number is less than some previous rounds, the reductions are a resumption of Goldman’s annual culling cycle that it had largely paused during the pandemic. Link here.

FINTECH NEWS

#Crypto

• MetaMask allows crypto purchases with Brazilian Reals. MetaMask is the latest global crypto player to integrate with Brazil's Pix payment system, which has 126 million users. In July, MetaMask revealed that Brazil was its second-largest user market after the US. Link here.

#FundingRounds

• StashAway raised an undisclosed amount that includes a strategic investment from Hamilton Lane. VentureCap Insights pegged the amount raised at US$12.6 million. Link here.


• Bitmama raised $2 million in a pre-seed round. Africa-focused venture capital firms Unicorn Growth Capital and Launch Africa led the investment in Bitmama. Link here