#583
Counting Pulled Pork and Lost Teeth

Published:

Mar 22, 2025


Author:

Sarah Parsons Wolter

Published:

Mar 22, 2025


Author:

Sarah Parsons Wolter


Share:

The UK’s latest inflation basket update is in – and it’s a telling snapshot of how modern life is evolving. Out go DVD rentals, in-store cafeteria meals, and newspaper ads. In their place: VR headsets, exercise mats, and pre-cooked pulled pork. The shift reflects more than just price changes; it captures how people are spending their time and money – at home, online, and increasingly on convenience.

Each year, the Office for National Statistics revises the basket to better track the cost of living. This time, the changes signal continued momentum toward emerging tech and quick meals, with legacy items falling away as consumer behavior moves on. Even the way hotel stays are measured has changed, with inflation tracking now accounting for advance bookings to tame volatility (thanks, Taylor Swift).

And while inflation in the UK has eased since its 2022 peak, January’s 3% reading served as a reminder that price pressures remain present in everyday life.

Meanwhile, across the pond, even the Tooth Fairy is feeling the pinch. Delta Dental’s annual survey found the average payout for a lost tooth dropped to $5.01, down 14% from last year. The West, once a high roller at $8.54 a tooth, saw a dramatic 33% drop. Only the South saw an increase, reaffirming its reputation for generous hospitality – even from the Tooth Fairy.

From pulled pork to pearly whites, inflation remains a story told in the smallest of details.

Portfolio News


Forbes: The Middle East's Fintech 50 - Congratulations to portfolio companies Pemo and Ziina for being named to Forbes Middle East's annual Fintech 50 list, recognizing the region’s leading innovators in digital financial services as they adapt to evolving consumer expectations in an increasingly digital landscape. The 50 companies on this year’s list have processed a total of over $240b in transactions, having secured more than $3.8b in total funding. Read more

Flutterwave partners with Federal Inland Revenue Service (FIRS) to digitize tax collection in Nigeria - The initiative aims to simplify tax compliance by offering multiple payment options, real-time reporting, and offline capabilities for those with limited internet access. Flutterwave CEO Olugbenga ‘GB’ Agboola emphasized the company’s commitment to using technology to enhance efficiency, transparency, and economic growth by digitizing government tax collections. Read more

Counting Pulled Pork and Lost Teeth


VR headsets and pulled pork join UK inflation basket - Virtual reality headsets and pre-cooked pulled pork have joined the list of products used to measure UK inflation while newspaper adverts have been dropped, reflecting the shift in spending habits towards online commerce and convenience options. Read more

Tooth fairy payouts drop to lowest rate in years - For the second year in a row, an annual Delta Dental survey found the tooth fairy is paying less for lost teeth than the year before. The average value of a single lost tooth declined by 14% from $5.84 to $5.01, according to the survey of 1,000 parents of children ages 6 to 12. Read more

Industry News


Klarna dethrones Affirm with buy now, pay later at Walmart - “This is a game changer,” said Klarna’s chief executive officer Sebastian Siemiatkowski. The deal gives Klarna access to the big box retailer’s millions of customers and a new avenue of expansion in the US, already one of its fastest-growing markets. Read more

Robinhood unveils prediction markets hub for US retail traders - This hub, which will be available through Kalshi, will first facilitate bets for what the upper bound of the federal funds rate will be in May and outcomes of the upcoming March Madness college basketball tournaments. Read more

Software startup Rippling sues competitor Deel, claiming a spy carried out ‘corporate espionage’ - Rippling had unknowingly hired a person who would gather data and share it with Deel as the two startups were becoming more competitive, according to a new legal filing. The Rippling employee viewed and downloaded information on how to go up against Deel, and he also saw information on sales calls, demos and support requests. Read more

Art lenders issue margin calls as painting prices fall - Specialist lenders in the $40b sector have issued margin calls as the value of paintings pledged against loans has fallen, asking borrowers to make up for the decline by handing over cash or swapping in more expensive artworks. Read more

Darker than a dark pool? Welcome to Wall Street’s ‘private rooms’ - They’re offering what are dubbed private rooms, gated venues that take the core benefit of a dark pool — the ability to hide big equity deals so they won't impact prices — and add exclusivity, specifying exactly who can partake in any trade. Read more

SoFi lands $5b to expand loan platform business - The two-year deal with Blue Owl reflects an increasing demand for personal loans from members and debt investors and boosts SoFi’s efforts to diversify revenue streams with less capital-intensive and more fee-based sources. Read more

Payments firm Klarna files for IPO, showing 24% revenue jump - Klarna is seeking to raise at least $1b in the IPO and is targeting a valuation of more than $15b in the listing. The company and some of its shareholders are selling shares in the offering, the filing shows. Read more

Block bets on lending expansion after stock slump - The company said it secured approval from the Federal Deposit Insurance Corporation to originate loans through its banking subsidiary, Square Financial Services, allowing it to offer small-dollar consumer loans directly rather than relying on external banking partners. Read more

Coinbase is in advanced talks to buy derivatives venue Deribit - The companies have notified regulators in Dubai about the discussions as Deribit holds a license there, which would be taken over by any acquirer. An acquisition of Deribit would mark Coinbase’s most ambitious push so far into the lucrative crypto derivatives market. Read more

Revolut sees U.K. banking license paving way for potential IPO, expansion - The ‘big bang’ will happen when the regulator gives it the green light to transfer all of its users to the new banking entity around this summer. Revolut UK will then be able to broaden its product offering into traditional banking services such as loans, overdrafts and eventually mortgages. Read more

SEC considers axing proposal for crypto custodial requirements - The agency is working with the White House’s crypto task force to consider alternatives to this proposal, including withdrawing it entirely, SEC Acting Chairman Mark T. Uyeda said this week. “This approach to custody appears to mask a policy decision to block access to crypto as an asset class,” Uyeda said in the statement. Read more

How TD became America’s most convenient bank for money launderers - Rapid expansion made TD Bank a household name but left it vulnerable to crooks—and $3.1b in fines. The story for the bank is one of breathtaking corporate hubris—of breakneck expansion followed by budget-cutting that left its branches open to exploitation by organized crime. For the rest of the industry, it’s a cautionary tale that could have a lasting impact on American banking. Read more

Kraken to buy futures platform NinjaTrader for $1.5b - The acquisition allows the crypto exchange to offer crypto futures and derivatives in the US for the first time and to expand into more traditional markets. It also accelerates Kraken’s plans for equities trading and payments. Read more

Select Financings


Buynomics - Germany based pricing and revenue prediction firm raised €27.5m in Series B funding led by Forestay Capital. Read more

ClearGrid - Dubai based debt collection startup raised $10m in Seed funding led by Beco Capital. Read more

Crossmint - Miami based enterprise blockchain development startup raised $23.6m in new funding led by Ribbit Capital. Read more

Curve - London based digital wallet raised £37m in new funding led by Hanaco Ventures. Read more

Disputed.ai - Portland based chargeback management platform raised $1.12m in Seed funding led by undisclosed investors. Read more

Halliday - San Francisco based Web3 workflow protocol developer raised $20m in Series A funding led by a16z crypto. Read more

Inn-Flow - North Carolina based hotel back-office management and accounting software provider raised $45m in growth funding led by Mainsail Partners. Read more

Manifest - New York based company bringing US private equity real estate on-chain raised $2.5m in pre-seed funding led by VanEck Ventures. Read more

Multiply Mortgage - Denver based mortgage benefits startup raised $23.5m in Series A funding led by Kleiner Perkins. Read more

Nao - Berlin based wealthtech startup raised €1m in Seed funding led by BITKRAFT Ventures. Read more

Norm AI - New York based regulatory compliance automation startup raised $48m in growth funding led by Coatue. Read more

NymCard - Dubai based embedded finance platform raised $33m in Series B funding led by QED. Read more

Pluralis Research - Decentralized training startup raised $7.6m in seed funding led by USV and CoinFund. Read more

Privy - Decentralized Web3 wallet infrastructure startup raised $15m in new funding led by Ribbit Capital. Read more

Qlarifi - UK based BNPL fintech startup raised £1.4m in pre-Seed funding from HoneyComb Asset Management. Read more

RedotPay - Hong Kong based crypto payment platform raised $40m in Series A funding led by Lightspeed. Read more

Spangle - Seattle based paid traffic commerce platform for retailers raised $6m in new funding led by Madrona Ventures. Read more

Stable Sea - San Francesco based liquidity and offramping services provider for the stablecoin industry raised $3.5m in pre-Seed funding led by Kindred Ventures. Read more

Town - San Francisco based tax platform for small businesses raised $18m in Seed funding led by First Round Capital. Read more

Utila - New York based digital asset operations platform raised $18m in Series A funding led by Nyca Partners. Read more

Warren - Belgium based financial wellness fintech raised €3m in pre-Seed funding led by Motive Ventures. Read more


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