US fintech Carta expands to Australia to support the local startup and private market ecosystem
Carta will expand to Australia as it connects more startups and investors with its comprehensive private market ecosystem.
US fintech Alloy launches in the UK
US fintech Alloy has launched in the UK, strengthening its presence in EMEA with key senior hires and office space in London.
Traity releases micro-insurance product ‘Kevin’ in open blockchain balance sheet
Traity, a network that builds reputation standards, has collaborated with Suncorp, the largest Australian insurance conglomerate, and announced the release of a new micro-insurance product ‘Kevin’ in an open blockchain balance sheet. In an ‘Open Blockchain Balance Sheet,’ for every new transaction that Kevin approves, it buys $10 worth of bitcoin. When a transaction ends positively, Kevin sells $10 worth of bitcoin and on negative grounds, it needs to pay the guarantee, an additional $100 into Kevin’s Open Balance Sheet. This indicates that there is a 10x liability leverage that is reasonable. “$100 may not sound like much, but it covers most of the transactions online. Furthermore, we think that […]
