2023-01-05
Wall Street Journal
8 related
US bank Silvergate, which caters to crypto, reports liquidating debt to cover $8.1B withdrawals as FTX collapsed and laying off 40% of its staff; SI falls 40%+
Bank sold assets at a loss to cover withdrawals and cut 40% of its staff but remains committed to crypto
2022-12-21
TechCrunch
South Korean financial super app Toss raised a $405M Series G at a 9.1T won valuation, or ~$7B, after an 8.5T won valuation in June 2021; Toss Bank has 5M users
2022-12-20
TechCrunch
3 related
South Korean financial super app Toss raised $405M Series G at a 9.1T won valuation, or ~$7B, after a 8.5T won valuation in June '21; Toss Bank has 5M users
Kate Park / TechCrunch :
2021-08-06
Bloomberg
3 related
KakaoBank, South Korea's first internet-only lender, goes public, rising over 70% in its trading debut in Seoul, giving it a market value of ~$28B
- Bank's $2.2 billion IPO is Korea's second-largest this year — Company becomes Korea's biggest lender by market cap
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