Angel network BitAngels has raised USD6.7m from more than 60 angel investors and entrepreneurs. BitAngels’ funds will be dedicated to investing in Bitcoin startups. The Austin-based firm was founded two weeks ago at a Bitcoin festival in San Francisco, and aims to connect Bitcoin investors with businesses.
BitAngels accepts funding applications from BitCoin entrepreneurs, and offers to help with marketing, design and legal advice. The cyber currency was first used in 2008, and has received press attention for the anonymity it grants its customers.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.