PayPal’s strategic investment in crypto transfer platform 💰; Venture Capitalists amass a whopping $311 billion in dry powder 😳

FinTech is Eating the World, 1 February

Hey Everyone,

And good morning! Due to technical issues yesterday’s issue has to come out today. But it’s definitely worth the wait as we’re going to look at PayPal’s strategic investment in the crypto transfer platform (what’s the value here & why it makes sense + bonus reads & deep dives into PayPal), and VCs that amassed a whopping $311B in dry powder (latest data & what it means for startups and FinTechs + some bonus resources to help you get funded in 2024). Let’s jump straight into the cool stuff 🌶

PayPal’s strategic investment in crypto transfer platform 💰

The news 🗞️ Finance giant PayPal PYPL 0.00%↑ has made a strategic $6.5 million investment in crypto transfer platform Mesh, using $5 million of its own stablecoin PYUSD.

This yet again underscores the payments giant's growing ambition and embrace of digital assets.

Let’s take a look at this strategic bet and see why it makes sense.