No more Grams for Telegram

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No more Grams for Telegram

A settlement with the SEC marks the end of encrypted messaging app Telegram’s “Gram” digital currency project, which the company said last year would operate on a decentralized framework reminiscent of bitcoin. As part of the settlement, Telegram and subsidiary TON Issuer this week agreed to pay a $18.5M civil penalty and return around $1.2B to investors.

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Patient Payments Pick Up Speed Amid Pandemic

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Patient Payments Pick Up Speed Amid Pandemic

Cedar, a patient engagement and payments technology platform, has raised $102 million Series C, including $25 million of debt, to improve the patient experience and boost engagement.

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nCino to go public despite incurring losses “for the foreseeable future”

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nCino to go public despite incurring losses “for the foreseeable future”

Cloud-based bank operating system nCino, filed to go public on Monday and is seeking to raise $100 million, despite no indication of when it plans to be profitable.

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nCino to go public despite incurring losses “for the foreseeable future”

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nCino to go public despite incurring losses “for the foreseeable future”

Cloud-based bank operating system nCino, filed to go public on Monday and is seeking to raise $100 million, despite no indication of when it plans to be profitable.

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Ellevest Wants to be the Netflix of Personal Finance

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Ellevest Wants to be the Netflix of Personal Finance

Ellevest, the New York City-based robo-adviser for women founded by former finance exec Sallie Krawcheck, has pivoted to a membership-based fee model.

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Brazil’s central bank shuts down WhatsApp payments

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Brazil’s central bank shuts down WhatsApp payments

In an embarrassing gut punch to Facebook, from the Brazilian central bank Tuesday suspended WhatsApp payments barely a week after the service launched in the country. The regulator said rolling out the payments service without prior analysis could damage the payments system from a competition, efficiency and data privacy point of view.

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Consumers and Fintechs Feel the Pinch from Wirecard’s Collapse

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Consumers and Fintechs Feel the Pinch from Wirecard’s Collapse

The fall of Germany-based payments company Wirecard, which filed for insolvency amid an accounting scandal over a missing $2B, is now affecting app users that depend on its payment services.

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