Your Daily FinTech Podcast - June 6th, 2022

Sign up for my Daily Fintech or Daily Digital Banking Newsletters here. Check out my latest podcast episode below: Welcome to another episode of our Daily Fintech Podcast. This podcast episode is sponsored by Privacy Lock. Privacy Lock sets the standard for financial service providers in data privacy compliance. Protect your business and your customers today. Visit www.pentaprivacylock.com WHAT ARE THE LATEST FUNDING ROUNDS AND INVESTMENTS? Sanlo fintech startup has raised $10 million in Series A funding led by Konvoy Ventures. Incognia has just announced a $15.5 million Series A round led by Point72 Ventures to boost the company’s global expansion at a time when identity fraud losses are running into the billions Trade Republic has topped up its Series C funding round with an extra €250 million at a €5 billion valuation. Swiss fintech startup numarics has successfully closed a CHF 2.1 million pre-seed financing round led by Wingman Ventures. Liminal, a wallet operations infrastructure that secures digital assets in a simple and efficient way, has raised $4.7 million in its seed funding round led by Elevation Capital. THE NEWS HIGHLIGHT OF THE DAY IS Square announced that it is working with Apple to enable Tap to Pay on iPhone, Apple’s contactless payment acceptance capability, within the Square Point of Sale app. The new offering enables sellers of all sizes to seamlessly and securely accept in-person contactless payments with only an iPhone and Square’s industry leading POS app. JUST IN: The Commodity Futures Trading Commission (CFTC) has sued Gemini Trust accusing the crypto exchange of false statements relating to the self-certification of a bitcoin futures product. ALSO: Gemini Trust Co., the crypto business run by billionaire twins Cameron Winklevoss and Tyler Winklevoss, on Thursday told staff of plans to slash the company’s workforce by 10% as trading across the industry slumps.