Cryptio, an enterprise-grade back-office platform, has secured $10 million in a Series A round led by Point Nine, early investors in Chainalysis, Zendesk, and Revolut. 

Other participants include BlueYard, Alven, Coinshares, Avantgarde Finance, Protocol Labs, and Draper Associates. Senior executives from Twitter, GoCardless, Fireblocks, and Ledger also participated in the round as angel investors. 

Karan Shanugarajah is CEO and Co-Founder of WealthKernel, a supplier of investment infrastructure for companies looking to offer digital investment services. It is a vertically integrated and one-stop-shop provider of various services, such as client onboarding, trading, and custody. WealthKernel’s infrastructure is optimized for the delivery of investment and wealth-management services to non-traditional clients. 

1. Can you briefly tell us about yourself and your company’s mission?

Digital payments company Pomelo Pay (Pomelo) announced a partnership with Dialog Axiata PLC (Dialog), Sri Lanka’s premier connectivity provider, to consolidate and provide an enhanced payment platform for Small and Medium Enterprises (SMEs) in Sri Lanka, helping them to digitalise and accept payments.

PayU, the leading online payment service provider operating in 50 emerging markets, announces that it is strengthening its foothold in Africa with expansion into Ghana and a number of strategic product updates: Payflex in South Africa, as well as both

Digital bank Zopa has entered the BNPL space with a suite of fully regulated products that prioritise transparency and customer protection.
 
Setting its sights on the UK’s £6 billion BNPL market, Zopa brings a simple and fair option for larger purchases (£250 - £30,000) that may take customers months or years to save up for.
 

Kroll, the leading provider of data, technology and insights related to risk, governance and growth, has found that over a quarter (26%) of UK risk experts expect bribery and corruption risks for their company to increase this year compared to 2021.

Leading wealthtech platform provider Nucoro has announced that its client HeyTrade, a Spanish-based fintech, has launched a new global
investment platform that simplifies investment in stocks and ETFs across 12
European and US markets. New entrant, HeyTrade, leveraged the Nucoro
platform to create a fully realised platform in just under a year.

Temenos today announces that Optimus Cards, the white label card and banking-as-a-service provider, has subscribed to Temenos open platform for composable banking to support the expansion of its cards-as-a-service business. Temenos will help the U.K. headquartered EMI (Electronic-Money Institution) launch new products faster and scale efficiently as it expands into new markets.

The informal sector accounts for about 18 percent of South Africa’s GDP, with over three million workers engaged in the informal economy. In addition, an estimated 2.9 million migrants reside in South Africa, many of whom struggle to access financial services in order to start small businesses like spaza shops, salons and kiosks. That’s an incredible porti