By Chris Robbins
As far as digital wealth news goes, it was oddly quiet in the crypto world this week as far as new announcements were concerned, perhaps because the collapse of crypto exchange FTX took all of the oxygen out of the room.
Still, we have a couple of crypto announcements to note, particularly a partnership between Eaglebrook Advisors and Ric Edelman’s DACFP.
In insurtech, Acrisure announced the acquisition of cyber services firm Homefield IT, while in the personal finance fintech space real estate-oriented Tellus announced a $16 million seed round. Not to be left out, there was a small flurry in news in the payments space, led by Klarpay’s announcement of new accounts.
Without further ado, here’s this week’s headlines in digital wealth.
Crypto, Blockchain and Digital Assets
FV Bank announced the launch of its digital asset custody and settlement services for its U.S. and international clients. FV Bank’s custody feature is live on the platform with immediate effect, launching initially with Bitcoin (BTC) as the first supported digital asset.
Ethereum (ETH), USDC, and USDT custody is expected to launch in the coming weeks, with phase two of the custody service seeing an additional number of digital assets supported following a vetting and approval process.
Eaglebrook Advisors announced today it is partnering with the Digital Assets Council of Financial Professionals to launch a series of educational videos for financial advisors on digital asset fundamentals. DACFP is a crypto education company established by Ric Edelman, founder of the nation’s largest RIA and three times named the #1 Independent Financial Advisor in the nation by Barron’s. Edelman is also an investor in Eaglebrook Advisors. announced today it is partnering with the Digital Assets Council of Financial Professionals to launch a series of educational videos for financial advisors on digital asset fundamentals. DACFP is the premier crypto education company established by Ric Edelman, founder of the nation’s largest RIA and three times named the #1 Independent Financial Advisor in the nation by Barron’s. Edelman is also an investor in Eaglebrook Advisors.
Trust Wallet announced the launch of its brand new browser extension wallet. Supporting all EVM chains, as well as Solana, it is available for use on browsers like Chrome, Brave & Opera. The browser extension complements Trust Wallet’s mobile wallet, which is the world’s leading mobile crypto wallet with 60 million downloads and over 10 million monthly active users globally. Both versions of Trust Wallet deliver enhanced web3 accessibility, and offer a more seamless wallet experience for both desktop and mobile environments.
Fintech, Apps, Personal Finance and Investments
Tellus announced a $16 million seed round led by Andreessen Horowitz, following a $10 million SAFE. All-Stars Investments, Alumni Ventures, Decent Capital, Vectr Ventures, West Arrow, and Westwood Ventures also participated in the Seed, along with notable angel investors such as the co-founders of YouTube, Lime Bike, and Sereno Group Real Estate. Tellus will use the proceeds to scale its team and continue to build out its platform.
Finquest announced a 100 percent expansion of its private company database alongside headcount growth to 250 global employees. Finquest now makes over 100 million mid-market companies discoverable to potential investors and corporate buyers. The data it collects on these companies is uniquely gathered, organized, augmented by AI, and moderated by humans, making it unrivalled in breadth and searchability.
Insurtech, Proptech and Real Estate
Acrisure announced that it has acquired Homefield IT as part of its Cyber Services division. Acrisure Cyber Services (ACS) offers an all-in-one solution that addresses the most critical risks posed by cyberattacks. The division has recently added several Managed Service Providers as Partners to provide clients with best-in-class products, services and capabilities to support complete cybersecurity protection and IT operational efficiency.
Capsule, a specialist insurance provider to high-growth companies in the UK, announced a partnership with Vouch, a San Francisco-based insurance platform that provides business insurance for high-growth technology startups in the US. With this partnership, the two companies will work together to ensure that they can support their clients’ needs internationally. The partnership comes just a year after Capsule’s launch and will help startups and tech innovators across all the main markets protect themselves as they grow.
Payments, Banking and Infrastructure
AffiniPay announced that Ana Villegas will join the company’s executive suite as chief marketing officer, effective immediately. Following the news of AffiniPay’s acquisition of legal practice management software company, MyCase, Villegas will lead marketing and help drive growth for AffiniPay’s payment and software offerings.
Paysend introduced Paysend Libre, which will allow unbanked users in Northern Central America (Guatemala, Honduras, El Salvador) to receive remittances from the U.S. instantly to a Paysend virtual Mastercard digital card. The virtual card is ready to use in minutes for cash withdrawals and online purchases, allowing the millions of people that rely on funds from family members abroad to access their money safely and simply. Paysend Libre is set to launch in Guatemala in December 2022, and will expand into the broader Northern Central America region in 2023, where 60% of the adult population is unbanked.
Klarpay announced the launch of dedicated USD and GBP Accounts. This addition enables digital companies, including online merchants, ad networks, marketplaces, and influencers, to collect and disburse USD and GBP payments globally via their corporate Klarpay account. With Klarpay’s Swiss IBAN accounts, businesses can transact through SEPA and SWIFT in more than 90 countries and 70+ currencies via its Dashboard and APIs. Klarpay’s international accounts are ideal for companies looking to expand globally through cross-border transactions.
Veriff announced a partnership with global financial services software development company TrueNorth. This partnership will provide TrueNorth’s clients with seamless access to Veriff’s growing suite of identity verification (IDV) solutions for safer and enhanced digital transformation initiatives. TrueNorth offers proven architectural frameworks to accelerate the development of customized solutions across the financial services industry, from the beginning stages of strategic planning through product launch. The company engineers a modern customer experience for clients’ unique frontend, core and backend requirements, and leads and manages the entire digital transformation journey for its customers, from consulting and building, to evolving and growing. TrueNorth has successfully secured over $40 billion in client funding to date.