Insurtech is persisting, stubbornly showing a few signs of life despite the carnage in the public markets.
Despite messy IPOs, there’s good reason to be optimistic about insurtech startups by Anna Heim originally published on TechCrunch
African B2B e-commerce startup Sabi tops $300M valuation in new funding
Sabi, a Lagos-based B2B e-commerce startup providing digital commerce infrastructure to Africa’s informal economy, has raised $38 million in Series B funding at a valuation of $300 million, according to two people familiar with the matter, signaling revived investor interest in a B2B e-commerce market going through some reckoning. Frankfurt-based specialist fintech investor CommerzVentures, Stockholm-based […]
African B2B e-commerce startup Sabi tops $300M valuation in new funding by Tage Kene-Okafor originally published on TechCrunch
Pitch Deck Teardown: Ageras’ $36M Private Equity deck
Today, we’re looking at Ageras’ pitch deck, which it used to raise a $35 million private equity round to further expand its relatively late-stage product portfolio.
Pitch Deck Teardown: Ageras’ $36M Private Equity deck by Haje Jan Kamps originally published on TechCrunch
Move over Apple, Step launches 5% savings account
Customers who qualify for the 5% savings account will also earn points on purchases at select merchants as part of Step’s elevated rewards program.
Move over Apple, Step launches 5% savings account by Christine Hall originally published on TechCrunch
Move over Apple, Step launches 5% savings account
Customers who qualify for the 5% savings account will also earn points on purchases at select merchants as part of Step’s elevated rewards program.
Move over Apple, Step launches 5% savings account by Christine Hall originally published on TechCrunch
Percent lands $30M investment to connect investors with private credit
In 2018, Nelson Chu founded Percent with the goal of bringing investors, borrowers and underwriters together to modernize private credit. Seeing an opportunity to tackle the lack of risk management in the market, Chu created a marketplace that enables investors — specifically accredited retail investors — to participate in private credit. It’s been a success […]
Percent lands $30M investment to connect investors with private credit by Kyle Wiggers originally published on TechCrunch
Landlord-focused insurtech Obie lands $25.5M led by Battery Ventures
Obie, a real estate-focused insurance technology company, has raised $25.5 million in a funding round led by Battery Ventures. Since the company’s last raise — a $10.4 million Series A — nearly two years ago, the startup says it has gone from securing insurance for over $3 billion worth of property to $20 billion worth. […]
Landlord-focused insurtech Obie lands $25.5M led by Battery Ventures by Mary Ann Azevedo originally published on TechCrunch
Tiger Global-backed Axis launches digital payments platform for Egyptian SMEs months after its $8.25M seed
Egyptian fintech Axis has launched its digital payments platform to the North African market after securing a license from the apex bank, Central Bank of Egypt (CBE), for its open-loop mobile wallet, axisPay, which offers a digital banking alternative for small businesses and their employees. This is coming almost 18 months after the startup received […]
Tiger Global-backed Axis launches digital payments platform for Egyptian SMEs months after its $8.25M seed by Tage Kene-Okafor originally published on TechCrunch
Jia, a blockchain-based lender of small businesses in emerging markets, raises $4.3 million seed
Jia, a blockchain-based fintech providing loans to micro and small businesses in emerging markets, has raised $4.3 million seed funding, and an additional $1 million commitment for on-chain liquidity, in a round led by early-stage backer TCG Crypto, with participation from a number of funds including BlockTower, Hashed Emergent, Saison Capital, and Global Coin Research. […]
Jia, a blockchain-based lender of small businesses in emerging markets, raises $4.3 million seed by Annie Njanja originally published on TechCrunch
Wefox secures new funding at $4.5 billion valuation as it aims for profitability
Wefox, the German insurtech startup, has closed a new funding round from existing investors. The funding amount isn’t going to impress anyone as the company managed to secure $55 million. This could be considered as an extension of the $400 million Series D round as Wefox managed to maintain the same valuation of $4.5 billion. […]
Wefox secures new funding at $4.5 billion valuation as it aims for profitability by Romain Dillet originally published on TechCrunch
How our fintech startup became SEC-compliant
It’s important to exercise caution when innovating, as too much creativity in the wealth-management industry can potentially lead to trouble.
How our fintech startup became SEC-compliant by Walter Thompson originally published on TechCrunch
Procurement platform Zip raises $100M at a $1.5 billion valuation
The business of platforms for purchasing goods and services — in other words, procurement — is alive and well. Case in point, Zip, a startup developing procurement software, yesterday announced its $100 million Series C funding led by Y Combinator with participation from CRV and Tiger Global. Zip CEO Rujul Zaparde says that the financing, […]
Procurement platform Zip raises $100M at a $1.5 billion valuation by Kyle Wiggers originally published on TechCrunch
Spiff begins ‘massive overhaul of core sales commission engine’ following $50M Series C
Since its last raise in 2021, the company has gone through an evolution that took it from its origins as a fully custom-coded commission platform to a self-managed platform.
Spiff begins ‘massive overhaul of core sales commission engine’ following $50M Series C by Christine Hall originally published on TechCrunch
Jenfi raises more funding for its “growth capital as a service” platform
Jenfi, a “growth-capital-as-a-service” platform, can provide online businesses with revenue-based financing in a little as a day. The Singapore-based startup announced today it has raised $6.6 million in pre-Series B funding, led by Headline Asia. Participation came from returning investor Monk’s Hill Ventures, which led Jenfi’s Series A two years ago, ICU Ventures, Granite Oak, Korea […]
Jenfi raises more funding for its “growth capital as a service” platform by Catherine Shu originally published on TechCrunch
ZestMoney founders resign as Goldman Sachs-backed fintech struggles to raise funds
Founders of ZestMoney have resigned from the startup, the latest twist in the fate of the Indian fintech whose ability to underwrite small ticket loans to first-time internet customers once drew the backing of many high-profile investors including Goldman Sachs. Lizzie Chapman, Priya Sharma and Ashish Anantharaman, the founders of ZestMoney, informed employees about their […]
ZestMoney founders resign as Goldman Sachs-backed fintech struggles to raise funds by Manish Singh originally published on TechCrunch
Vice files for bankruptcy, Foxconn’s investment in India and two fascinating startup rounds
Hello and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Our Monday show covers the latest in tech news from the weekend and what’s making headlines early in the week. This week we talked about media, startup rounds and some Big Money Moves: […]
Vice files for bankruptcy, Foxconn’s investment in India and two fascinating startup rounds by Alex Wilhelm originally published on TechCrunch
UK pension startup Smart banks $95M
Smart, a London-based startup that helps employers and their employees manage and monitor their pensions, said that it has closed $95 million in Series E funding. It plans to use the capital to expand its international footprint and make acquisitions, it said. Aquiline Capital Partners, a new backer, led the investment, with previous investors Barclays, […]
UK pension startup Smart banks $95M by Paul Sawers originally published on TechCrunch
M-KOPA snaps up $250M+ debt, equity for its asset financing platform
M-KOPA, the asset financing platform that offers underbanked African customers access to “productive assets” and the ability to pay for them via digital micropayments, has secured over $250 million in new funding. The capital injection includes $55 million in equity and over $200 million in debt, huge sums in both categories that testify to strong […]
M-KOPA snaps up $250M+ debt, equity for its asset financing platform by Tage Kene-Okafor originally published on TechCrunch
Fintech startup Brex was among the bidders for SVB’s early-stage and growth portfolios
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, we’ll take a look at the hottest fintech news of the previous week. […]
Fintech startup Brex was among the bidders for SVB’s early-stage and growth portfolios by Christine Hall originally published on TechCrunch
Fintech startup Brex was among the bidders for SVB’s early-stage and growth portfolios
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, we’ll take a look at the hottest fintech news of the previous week. […]
Fintech startup Brex was among the bidders for SVB’s early-stage and growth portfolios by Christine Hall originally published on TechCrunch
Venture-backed everything for real world problems, please
Hello, and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Mary Ann, Natasha and Alex are closing out another news-filled week full of change, and since we did have the crew for one last chat, here’s what we got into: Deals of the Week: Alex wanted to […]
Venture-backed everything for real world problems, please by Natasha Mascarenhas originally published on TechCrunch
Higher interest rates are fostering a fintech comeback story
While rising interest rates have caused more than a few financial institutions to topple, a group of well-known fintech companies are posting signs of a comeback.
Higher interest rates are fostering a fintech comeback story by Alex Wilhelm originally published on TechCrunch
Capchase gets into buy now, pay later with Capchase Pay for SaaS financing
Capchase Pay prepares quotes automatically and offers flexible payment options across bank accounts and credit cards.
Capchase gets into buy now, pay later with Capchase Pay for SaaS financing by Christine Hall originally published on TechCrunch
The Mint, started by Better Tomorrow Ventures, wants to be the accelerator fintech needs
Better Tomorrow Ventures’ Sheel Mohnot landed some of his biggest wins before he ever started a venture firm. The investor previously worked as a partner at 500, previously known as 500 Startups, where he raised and ran a dedicated fintech fund as well as helped build an accelerator. There he met his eventual founding partner […]
The Mint, started by Better Tomorrow Ventures, wants to be the accelerator fintech needs by Natasha Mascarenhas originally published on TechCrunch
SoLo Funds settles lawsuit over predatory lending accusations in District of Columbia
SoLo Funds has agreed to make certain changes to its practices relating to tips and donations and provide “honest disclosures” to both borrowers and lenders.
SoLo Funds settles lawsuit over predatory lending accusations in District of Columbia by Christine Hall originally published on TechCrunch
SoLo Funds settles lawsuit over predatory lending accusations in District of Columbia
SoLo Funds has agreed to make certain changes to its practices relating to tips and donations and provide “honest disclosures” to both borrowers and lenders.
SoLo Funds settles lawsuit over predatory lending accusations in District of Columbia by Christine Hall originally published on TechCrunch
How do you know when it’s time to shut down?
Hello, and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Wednesday show, where we niche down to a single person, think about their work and unpack the rest. This week, Natasha spoke to Kristen Anderson, the co-founder and CEO […]
How do you know when it’s time to shut down? by Natasha Mascarenhas originally published on TechCrunch
Salsa dips into $10M to fire up payroll features for software companies
Salsa says it can shorten the amount of time it takes for businesses to create a payroll feature to about a month, and without the engineering complexity.
Salsa dips into $10M to fire up payroll features for software companies by Christine Hall originally published on TechCrunch
Zamp wants to give online sellers ‘freedom from sales tax’
Zamp provides a solution for e-commerce businesses to monitor their sales tax life cycle, including nexus monitoring, product categorization, rooftop-level tax calculation, registration and filing.
Zamp wants to give online sellers ‘freedom from sales tax’ by Christine Hall originally published on TechCrunch
Petal raises $35M, spins off data unit ‘to bring credit scores into the 21st century’
The United States credit system as it exists today has been around for decades and many would argue it’s long been in need of an overhaul. In the meantime, a number of startups have emerged in recent years to offer consumers more options when obtaining credit. Petal is one such company. The New York-based startup, […]
Petal raises $35M, spins off data unit ‘to bring credit scores into the 21st century’ by Mary Ann Azevedo originally published on TechCrunch