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The year is finishing out strong. Now there's a statement you don't often hear when referring to 2020, but the fintech venture capital is still flowing and there were some large deals penned this past week. Three of the top 5 were out of the US, with Paxos - a major crypto trading platform taking the top funding slot, followed closely by OscarHealth, an insurtech focused on health insurance offerings.

The passage of the proposed Economic Stimulus bill by Congress is a metaphorical shot in the arm for small business owners who have suffered disproportionately during the COVID pandemic. It includes the renewal of the Paycheck Protection Program lending, which gave a lifeline to millions of small businesses nationwide until the program expired on Aug. 8.

It was a week before Christmas, and all the land...... the capital was flowing, for payments and...... crypto and proptech and international financial indeces

It's hard to believe that 2021 is almost upon us - jarring actually - and I am certain that we ALL are hoping for a return to some level of normalcy next year. With that said, he American Institute of CPAs (AICPA) recently joined forces with the National CPA Financial Literacy Foundation to create a list of "21 for '21" financial resolutions, which we found quite clever.

Welcome to our latest edition of Digital Wealth News! New headshot today - more confident, more wise, more fintech-focused then ever before. Now let's hit it! Here's my take on this weeks news!

Village Capital, with support from MetLife Foundation and PayPal, today announced that two startups, Manifest and Home Lending Pal, were selected to receive grant funding as a part of Finance Forward US 2020.

This week we saw YET ANOTHER British challenger bank receive funding this past week (gosh, there's a LOT of challenger banks out there now), plus an interesting new teen-based (you guessed it!) challenger bank out of SF. Also in this week's batch were an ATL-based payments app for e-commerce companies, an API platform for retail banking out of Chicago, and a credit card bill payment app out of India.

Prime Trust, the leading B2B financial infrastructure platform for payments, custody and settlement of alternative assets, announced today the launch of Prime Liquidity – a turnkey API-based liquidity engine that enables any fintech app to buy, sell, and hold cryptocurrency.

You would think that with last week's Thanksgiving holiday here in the US, muted as it was due to the pandemic, we would have seen slowed down deal activity in the fintech sector. Turns out that assumption would be WRONG, and we still saw deal closings, believe it or not, with one that topped $300M(!!) and three more topped the $100M+ figure.

Over the last several months there has been a steady stream of reports that firms such as MicroStrategy, Square and others have moved to buy bitcoin to use for their cash reserves