Molton Ventures | FinTelegram News

Tag: Molton Ventures

September 4, 2023

Website Offline: SpeenInvest Startup Friday Finance Terminated Operation And Will Be Merged Into Pliant!

Friday Finance (founded as Airbank) wanted to digitize the financial processes of small and medium-sized enterprises with a multi-banking solution. Despite good funding and major expansion plans, the fintech has now surprisingly ended its business - and is selling parts of the company to competitor Pliant, FinanceFWD reports. The transaction is not said to be a "fire sale" and was not driven by Friday Finance's financial difficulties. This may or may not be the case.

Fintech

June 16, 2023

Another Blow Against Revolut: Molten Ventures Reduces The FinTech’s Valuation By 40%!

Venture capital firm Molten Ventures has written down its holding in Revolut by 40%. and discounted the value of its £7 million stake in Revolut from £91.3m in March last year to £54.5m at the end of March this year. Molten Ventures follows other investors, including Schroders, which devalued its investment in Revolut by approximately 46% in April. These recent events underscore concerns about Revolut's path to profitability and the regulatory challenges it confronts.

Google Battles CFPB: Tech Giant Fights Back Against Federal Oversight in Payments Showdown

The U.S. Consumer Financial Protection Bureau (CFPB) has placed Google Payment Corp. under federal supervision, citing concerns over its error resolution and fraud prevention processes. This decision follows nearly 300 consumer complaints alleging issues such as inadequate investigation of fraudulent charges and insufficient explanations of investigation outcomes.

Wirecard Scandal Reignites: Markus Braun’s Release Demanded Amid Espionage Revelations

In light of recent court findings across multiple jurisdictions, it has become increasingly clear that the ongoing trial of former Wirecard CEO Markus Braun may be fundamentally flawed. The crux of this issue lies in the apparent failure to fully incorporate the now-established activities of fugitive ex-COO Jan Marsalek into the proceedings. This not only jeopardizes the fairness of Braun's trial but also risks obscuring the true nature and extent of the Wirecard scandal.

TikTok Takedown: America’s Digital Iron Curtain or Silicon Valley’s Secret Weapon?

The recent ruling by the U.S. Court of Appeals for the District of Columbia Circuit has sent shockwaves through the social media industry, upholding a law that could effectively ban TikTok in the U.S. The ruling cited national security concerns. This decision marks a significant escalation in the ongoing tension between the U.S. government and Chinese-owned tech companies.

Truong My Lan: A Tycoon’s Fall from Grace and Vietnam’s $44 Billion Financial Scandal!

The dramatic downfall of Truong My Lan, one of Vietnam’s most prominent property magnates, has sent shockwaves through the country's financial and political systems. The 68-year-old former billionaire is at the center of one of the largest financial frauds in history, a scandal that has not only exposed vulnerabilities in Vietnam’s economy but has also highlighted the intricate relationship between business and politics in the country.

Cash Cow Crypto: U.S. CFTC Enforcement Sets Records in FY 2024 with $17.1 Billion in Monetary Relief!

The U.S. Commodity Futures Trading Commission (CFTC) achieved a landmark year in FY 2024, securing over $17.1 billion in monetary relief, including $2.6 billion in civil penalties and $14.5 billion in restitution. The agency’s groundbreaking actions spanned digital asset (crypto) markets, voluntary carbon credits, and major compliance cases, highlighting its leadership in safeguarding market integrity.