ChainCatcher news, CryptoBlox Technologies announced that it has signed a binding revised and restated share purchase agreement to acquire 100% of the shares of Blockchain Fintech Unipessoal LDA, a blockchain fintech located in Portugal.According to the revised agreement, CryptoBlox will issue 25,000,000 shares of CryptoBlox common stock at a deemed price of $0.20 per share, valued at $5 million; however, this transaction is still subject to customary closing conditions, including approval from the Canadian Securities Exchange and due diligence requirements in Hong Kong.

ChainCatcher news, blockchain fintech company FreeBnk announced the completion of a $3 million financing round, led by Founderheads, with participation from ChaiTech Ventures, LVT Capital, Lavender Capital, and others.The new funding will be used to enhance its user interface and application experience, particularly for new users. The company focuses on tokenizing RWA and crypto financial services, with its technology based on multi-party computation (MPC) security to ensure the protection of users' digital assets.

According to Bloomberg, blockchain fintech company Figure has withdrawn its application for a national bank charter submitted to the Office of the Comptroller of the Currency on July 31, which was originally filed in 2020. A Figure spokesperson stated that the organization will focus on developing other areas in partnership with established banks.In addition, Figure laid off 90 employees last week, accounting for about 20% of its total workforce.Previous news reported that in February this year, Figure abandoned its plan to go public via SPAC, which was originally intended to raise $100 million; last year, Figure had hoped to raise $300 million, but later lowered its fundraising target due to a cooling market.

ChainCatcher news, blockchain fintech company GammaRey announced that it has signed a $320 million merger agreement with GoLogiq, in which GoLogiq will issue $320 million worth of common stock in exchange for 100% of the outstanding shares of GammaRey. The transaction is expected to be completed in the coming weeks.It is reported that GammaRey is a global fintech company dedicated to building financial ecosystems and platforms through blockchain technology, including digital wallets, borderless payments, and more. GoLogiq is a US-based fintech and mobile solutions provider focused on digital transformation and consumer data analytics, currently concentrating on Southeast Asia. After the completion of this merger transaction, GoLogiq will continue to use the "GOLQ" over-the-counter code and plans to apply for listing on NASDAQ or the New York Stock Exchange. (Source link)

ChainCatcher news, according to TheNationalNews, blockchain cross-border remittance FinTech company Pyypl announced the completion of a $20 million Series B funding round, with participation from multiple international investors and 10 existing investment institutions.Pyypl was founded in 2017 and is headquartered in the UAE. In February of this year, Pyypl completed a $11 million Series A funding round. Since its establishment, Pyypl has raised approximately $40 million from investors in Europe, the United States, Asia, and the Middle East, including the UAE-based venture capital firm Global Ventures.In October 2021, Pyypl partnered with blockchain technology company Ripple to introduce a cryptocurrency-based On-Demand Liquidity (ODL) solution for cross-border remittances between the Middle East and the Philippines. This solution is based on the RippleNet network of banks and money service businesses, using the XRP digital currency as a bridge between fiat currencies, helping users transfer funds economically and instantly across jurisdictions. Currently, its cross-border remittance services have expanded to approximately 60 countries/regions worldwide. (Source link)