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DeFi mutual fund Sheesha Finance raises $9.4M

Sheesha Finance, a decentralized finance mutual fund based in the United Arab Emirates, has raised $9.Investors who contributed to the LGE can claim their liquidity provider tokens for staking in exch

Bibit raises another growth round led by Sequoia Capital India, this time for $65M – TechCrunch

Four months after leading a $30 million growth round in Bibit, Sequoia Capital India has doubled down on its investment in the Indonesian robo-advisor app.Bibit announced today that the firm led a new

Indonesian investment platform FUNDtastic lands $7.7 million Series A – TechCrunch

Despite the market impact of the COVID-19 pandemic, retail investing is increasing in Indonesia, especially among people aged 18 to 30.The round was led by Singapore-based Ascend Capital Group, with p

Groww, an investment app for millennials in India, raises $30M led by YC Continuity – TechCrunch

Even as more than 150 million people are using digital payment apps each month in India, only about 20 million of them invest in mutual funds and stocks.YC Continuity Fund, the growth-stage investment

Donald Trump Has Stake In Hydroxychloroquine Drugmaker: Report

President Donald Trump reportedly owns a stake in a company that produces hydroxychloroquine, the anti-malaria drug he has repeatedly touted as a coronavirus treatment even though his experts say th

The Fed Offers Emergency Loans to Mutual Funds: Live Updates

The Fed will offer emergency loans to money market mutual funds.Officials said they would establish a so-called Money Market Mutual Fund Liquidity Facility, which would be backed by $10 billion from t

Opinion | Mutual Funds Are Still Keeping Secrets

In my career in the securities industry, I have seen that a rising stock market brings falling interest in transparency, risk awareness and investor protections. With every new high in the Dow Jones i
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