Oxes Mastercard Announces Masterpass Partnership With Phillips 66
White Star Capital has launched a $120 million Digital Asset Fund DAF to back crypto networks and blockchain-enabled Web3 businesses, the venture capital platform announced in a news release Monday April 11 . The DAF investment team takes a deeply research-driven approach and applies both a crypto native and traditional VC lens to part
stanley ca ner with founders across Seed, Series A, and
stanley quencher token rounds, the news release said. Since raising its first Digital Asset Fund in 2020, White Star Capital has successfully invested in 20 companies across seven countries including Ledn, ALEX, Multis, Paraswap, Exlusible, and Rally, just to name a few. Learn
stanley mug more: Stronghold Fund to Focus on FinTech, Web3The company says the fund will distribute $1 million to $7 million in token and equity investments into 20 to 25 companies, focusing on North America, Europe and Asia. In less than two years, weve backed many of the worlds most successful and promising crypto companies as they were just starting out, which is a testament to our strategy, global network, and unique domain expertise, said Managing Partner Sep Alavi. Through our new fund, were looking forward to continuing to back a new generation of visionary founders building tomorrows greatest Web3, DeFi and gaming companies as they unlock the new internet of value for billions of people around the world. See also: Web3: Is There Any There There And if so, Where Is It Web3, also known as Web 3.0, is considered the next iteration of the inter Omsj SciQuest Accelerates Procurement Savings
Asia is becoming even more of a key market for corporate payment companies. Only days ago, FinTech firm Ripple announced a partnership with SBI Group to launch a cross-border payments initiative in the region. Now, Optal Limited, formerly known as PSP International, is making waves in this part of the world, too.Optal announced Monday Feb. 1 that its subsidiary, Optal Asia, secured a money service operator license in Hong Kong, as well as principle membership with MasterCard.That means the virtual card issuer can now link corporates in the market to its vCard B2B payments solution. In a statement, Optal Managing Director Rob Bishop said the latest developments are key to the companys international expansion goals. There is already very strong demand for our virtual card solutions in the Asian region, he said. Having this license enables us to broaden our service offering and to create new, bespoke payment solutions for the Asian region. [bctt tweet=
stanley us There is already very strong demand for virtual card sol
stanley termohrnek utions in the Asian region. ]Its no coincidence that Optal will be issuing virtual cards with MasterCard, either. The companys chairman, Andre Sekulic, is MasterCards former president of Asia-Pacific, Middle East and Africa operations. Optals strength is as an eCommerce enabler, Sekulic explained in his own statement. The growth of eCommerce in the Asian region creates significant opportunities for Optal to help its customers make payments more eff
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