GOAL: To find people that like to share ideas that are accredited investors, self-direct IRA investors, or other investors. Today topic is mindshare group is DOA.
“Is the DOA idea more D.O.A. as the funding is not as strong as other spaces?” – JDM V202200811UTC1401
Only 128 deals this year with a total of more than $440 million.
DEFINE: Decentralized autonomous organizations, more commonly referred to by the abbreviation DAOs, are organizations that use smart contracts maintained on blockchains to govern interactions between users, group incentives and outputs, and membership conditions. DAOs represent a departure from traditional hierarchical organizations in that control and decision making need not be highly centralized, and decisions among group members are largely facilitated via governance token ownership and voting. DAOs have been created for a variety of purposes such as crowdfunding, gaming, and investment, each channeling the ethos that participation and ownership should be democratized.
Here is a D.O.A. joke as could not find any industry jokes on this space!
Should you want more information contact H. Mesfin on LinkedIn about getting an interview by JD Morris or other members of the team.
Vitech VC activities show $3.88 Billion capital invested in FinTech during July 2022 with 281 deals being done (down 23%). Below is a data dump of information, a cartoon, and as always look at our goal of find people with ideas that take action in person with their own capital.
GOAL: To find people that like to laugh and meet with peers that are active investors in charity and investing (we have strategy to bring the two together).
QUOTES: “We’re talking about payments, customers care about shopping.” – Ranjit Sarai, President’s Choice Financial
Despite the ongoing market turmoil and crypto market meltdown, long-term transformational trends in the fintech sector such as mobile trading apps and digitized financial services have continued to attract strong venture investment in 2022.
Fintech startups collected $53.5 billion in VC funding in the first half of the year, behind 2021’s pace but already surpassing 2020 totals, according to PitchBook data.
While some areas of fintech—such as neobanks and real estate lending platforms—are maturing and attracting more late-stage capital, other areas—such as decentralized finance and autonomous finance—have just begun raising early-stage institutional capital, according to PitchBook’s Q2 2022 Fintech Report.
The company raised $800 million of venture funding from Bestseller, Silver Lake, Sequoia Capital and Commonwealth Bank of Australia on July 11, 2022, putting the company’s pre-money valuation at $5.9 billion. Mubadala Investment Company and Canada Pension Plan Investment Board also participated in the round.
The company raised EUR 530.97 million of Series C venture funding in a deal led by Target Global on June 1, 2021, putting the company’s pre-money valuation at EUR 1.92 billion. CreditEase and 28 other investors also participated in the round. The funds will be used for expanding into the US and Asia within the next two years while strengthening the company’s presence in its existing markets in Germany, Austria, Switzerland, and Poland. Recently, the company raised $400 million of Series D venture funding led by Mubadala Capital-Ventures & Invest ADEurazeo, and participted by Horizons Ventures and Target Global on July 12, 2022, putting the company’s pre-money valuation at $4.1 billion. OMERS Ventures and LGT Capital Partners also participated in the round.
The company raised $220 million of Series C venture funding in a deal led by Tiger Global Management on July 27, 2022. GV, Insight Partners, Accel, and 6 other investors also participated in the round. The funds will be used to expand the capabilities of the company’s platform, toward supporting the developer ecosystem, onboard thousands of new developers, and support them in their buy-to-build journey while continuing to expand our global network of institutional partners.
The company raised GBP 165 million Series D venture funding from BNP Paribas and M&G Investments on July 6, 2022. The funds will be used in widening the company’s customer outreach to more businesses and improving on export financing services.
The company raised MYR 750 million of venture funding in a deal led by Lazada on July 25, 2022. Touch ‘n Go also participated in the round. The funds will be used to continue to expand in all areas of digital financial services and ensure that user base is served in an innovative and inclusive manner.
The company raised $122 million of Series B venture funding through the combination of debt and equity from MasterCard, Goldhouse Capital and the Asian Hustle network on July 21, 2022. Morgan Stanley and Hyphen Capital also participated in the round. A $100 million of debt financing in the form of a loan was provided by Silicon Valley Bank. The funds will be used to expand its credit product offerings including auto loans and mortgages with its innovative underwriting solutions.
The company is in talks to be acquired by Itaú Unibanco Holding (BVMF: ITUB3) for an undisclosed amount as of July 8, 2022. Also on July 8, 2022, the company raised BRL 493 million of venture funding from Itaú Unibanco Holding.
Should find funny quotes and cartoons (or am I lazy today?). Happy National Lazy Day!
GOAL: To find people that like to laugh that are active in charity and investing in deals. We are looking for few good former CEOs to help lead peer groups of CEOs with $3 million plus EBITDA. Our group had 7+ Unicorns in 28+ deals in the last two years.
“Call me lazy, but changing quotes is easier than making your own ideas” – Quest Who
We are still working under beta testing and welcome ideas and suggestions.
MY GOAL: To find people that like to share ideas and have laugh based on being active investors and supporting charity.
CARTOONS AND QUOTES
FAST QUOTE: “Every Sunday night go into your back room and dream about the week. Just remember not to fall asleep under the stars as you will need good night sleep to execute those dreams!” – JDM v20220808UTC1244
FUNNY QUOTE: “Keep your dreams alive, but only hit the snooze bar a few times because need get up to make your dreams real!” – JDM v20220808UTC1244
“There is only one thing that makes a dream impossible to achieve: the fear of failure. When you want something, all the universe conspires in helping you to achieve it.”
“Never give up on what you really want to do. The person with big dreams is more powerful than the one with all the facts.”
“You are never too old to set another goal or to dream a new dream.”
“If you can dream it, you can do it.”
“Dream big – dream very big. Work hard – work very hard. And after you’ve done all you can, you stand, wait, and fully surrender.”
“Your dream doesn’t have an expiration date.”
“If it doesn’t scare you, you’re probably not dreaming big enough.”
“Stop telling your big dreams to small-minded people.”