January 13, 2023
Happy Friday, Fintech fans!
⌨️ Editor Michael Flaherty here with the first weekly digest of 2023. A lot of activity this week, with M&A in the payments world and yet another hit to Stripe's valuation.
- To begin the year, the sector has delivered a mixed bag of positive and negative signs.
1. A new crypto on-ramp takes off
Jan. 9 — C14, a New York-based web3 payments firm, is coming to market having raised $2.5 million in seed funding led by General Catalyst, the company told Ryan exclusively.
Why it matters: With Wyre winding down, there's an opportunity for alternative crypto on-ramps — particularly in emerging markets.