PayPal Invests in Blockchain Company

The news marks PayPal’s first investment in a company focused on leveraging blockchain technology; the investment was part of an extension of a Series A in Cambridge Blockchain which aims at helping financial institutions manage sensitive data; Omidyar Network, Flourish and Future/Perfect Ventures also participated; details of the deal weren’t available but SEC filings show that the company raised $3.5 million from investors over the past nine months; Cambridge Blockchain raised a $7 million Series A round in May 2018. Source

Sign up for our Newsletters

Every morning the LendIt Fintech News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!