Rapyd Financial Network is reportedly looking to raise $300 million in a new funding at a steep valuation cut from its 2021 high. © 2024 TechCrunch. All rights reserved. For personal use only.
Category: Fintech
Fintech, Global IT News, Global Security News, Ramp, saquon barkley, spend management, Startups, super bowl
Fintech Ramp lands Eagles’ Saquon Barkley as investor and Super Bowl commercial star
Philadelphia Eagles’ star running back Saquon Barkley has not only become an investor in fintech startup Ramp, he is also the star of the company’s first Super Bowl commercial. Interestingly, it was Barkley who reached out to Ramp about investing, not the other way around as is so often the case with celebrity endorsements. Barkley…
Fintech, Fundraising, Global IT News, Global Security News, powerledger, superlogic
Superlogic raises $13.7M at a $200M valuation to help consumers use reward points toward cool ‘experiences’
Superlogic, a startup that helps give consumers a way to apply rewards points toward experiences, has raised $13.7 million at a $200 million valuation, the company tells TechCrunch exclusively. Lin Dai, CEO and co-founder of Miami-based Superlogic, said his company’s technology is designed to “enhance the value of rewards points” by giving consumers a broader…
Bridge, Crypto, Fintech, Global IT News, Global Security News, stablecoin, stripe, TC
Stripe makes $1.1 billion crypto bet as it closes on Bridge acquisition
Stripe has closed on its $1.1 billion purchase of stablecoin platform Bridge – marking the payment giant’s largest acquisition to date and tangible push into crypto. Co-founded in 2022 by Coinbase and Square alumni Zach Abrams and Sean Yu, San Antonio, Texas-based Bridge built an API that helps companies accept stablecoins. The pair raised $58…
Fintech, Global IT News, Global Security News, Moove, TechCrunch Fintech, waterlily, WISE
An angel investor was so intrigued by this startup, he joined as a co-founder
Welcome to TechCrunch Fintech! This week we’re looking at a startup out to help people navigate long-term care, a flurry of activity in Africa, another fintech company shutdown, and more. To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Tuesday at 8:00 a.m. PT, subscribe here. The…
Deel, Fintech, Fundraising, General Catalyst, Global Security News, HR tech, Startups
Deel unloads $300M in secondary sale, brings General Catalyst on as an investor
Fintech-turned-HR outfit Deel is trying to lay the groundwork for an IPO. On Tuesday, it said its annual revenue run rate climbed to $800 million in 2024 after growing by 70%. The startup, which helps businesses globally hire, manage and pay employees remotely, also said it has sold $300 million in secondary shares to General…
Africa, Exclusive, financial super app, Fintech, Global IT News, Global Security News, Khazna, Middle East, saudi
Egypt’s Khazna banks $16M for its financial super app and expansion into Saudi
A large portion of Egypt’s population lacks access to traditional banking, forcing many to rely on cash transactions and informal lending. Khazna, a fintech startup founded in 2019, is tackling this issue by offering financial services tailored for low- and middle-income workers. The company provides solutions like salary advances, digital payments, and microloans to help…
Asya Bradley, Fintech, Global IT News, Global Security News, Startups, stripe
Stripe brings aboard new head of ‘startup and VC partnerships’
Asya Bradley, a former fintech founder and investor, has joined payments giant Stripe as its new head of Startup & Venture Capital Partnerships. Bradley announced the news on February 2 in a post on LinkedIn, though her bio shows that she joined Stripe back in November. Neither Stripe nor Bradley were immediately available for comment. …
AI, Apps, Biotech & Health, Crypto, Fintech, Gadgets, Global IT News, Global Security News, robotics, Space, Startups, TC, TechCrunch Disrupt 2025, Transportation, Venture
TechCrunch Disrupt 2025: Secure your ticket at this year’s lowest rates
Missed the 2-for-1 deal for TechCrunch Disrupt 2025? No problem! Super Early Bird prices are still available, with savings of up to $1,130 on individual tickets and up to 30% on group passes. These savings are only good until the end of this month. Celebrate 20 years of TechCrunch Disrupt from October 27-29 at Moscone…
copy trading, Dub, Fintech, gamestop, Global IT News, Global Security News, Robinhood, Social, Steven Wang, TC, Tusk Ventures, Vlad Tenev
Dub: the copy trading app that has teens talking
Social media changed everything from news consumption to shopping. Now, Dub thinks it can do the same for investing through an influencer-driven marketplace where users can follow the trades of top investors with a few taps. Think of it as TikTok meets Wall Street. Founded by 23-year-old Steven Wang — a Harvard drop-out who began…
cfpb, Fintech, Global IT News, Global Security News, TC, WISE
CFPB fines fintech Wise, alleging it charged deceptive fees
The Consumer Financial Protection Bureau (CFPB) has hit UK-based remittance company Wise with about a $2 million fine for what it described as “a series of illegal actions.” Those actions include advertising inaccurate fees and failing to properly disclose exchange rates and other costs, the CFPB alleges. Specifically, the agency claims that the fintech company…
AI, Apps, Biotech & Health, Crypto, Fintech, Global IT News, Global Security News, Space, Startups, TC, TechCrunch Disrupt 2025, Transportation, Venture
TechCrunch Disrupt 2025: Last 24 hours for 2-for-1 Pass
Final hours for 2-for-1 Passes! One of the best Super Early Bird Deals for TechCrunch Disrupt 2025 will be wrapping up in just 24 hours for the rest of the year. The 2-for-1 Pass lets you bring a friend, colleague, or business partner, for nearly free. Buy one pass at the Super Early Bird rate…
cushion, Fintech, Global IT News, Global Security News, shutdown, Startups
Fintech startup Cushion shuts down after 8 years and over $20 million in funding
Cushion, a fintech startup that described itself as the “Plaid for buy now, pay later (BNPL),” has shut down. On Thursday, founder and CEO Paul Kesserwani posted on LinkedIn about the decision to wind down the company at the end of 2024. In the post, Kesserwani said that “despite bringing multiple new fintech products to…
Africa, cedar money, cross-border payments, Fintech, Global IT News, Global Security News, QED Investors, stablecoins
QED seeds $9.9M in Cedar Money, a stablecoin payment platform
The newest generation of startups aiming to solve cross-border payments are focusing on stablecoins — cryptocurrency coins often pegged to actual currencies or other commodities to help them keep stable prices — to build solutions that work faster and often cheaper than classic financial rails. This trend is also driving a surge in investor interest…
eFounders, embedded banking, Fintech, Fundraising, Global IT News, Global Security News, Hexa, Startups, swan
European embedded banking startup Swan adds another $44 million to its Series B
French startup Swan has raised another €42 million (around $44 million at current exchange rates). The company considers this round as the second part of the Series B round that was originally announced in September 2024. Swan helps other companies offer financial products at scale. The company can generate both virtual and physical cards that…
Alan, Fintech, Global IT News, Global Security News, insurance, insurtech, Startups
Health insurance startup Alan keeps growing at a rapid pace
With its 700,000 customers, Alan could be considered as a mature company. But the health insurance company that wants to become a digital companion for your health is still growing like a startup. On Wednesday, the company shared some financial metrics. The most impressive one is its top-line revenue. In 2024, the company generated €505…
AI, Crypto, Fintech, Global IT News, Global Security News, Space, Startups, TC, TechCrunch Disrupt 2025, Venture
TechCrunch Disrupt 2025: Only 3 days left for 2-for-1 Pass
Only 3 days remain to score the ultimate deal for TechCrunch Disrupt 2025 — two of the same ticket types for the price of one! Don’t wait to take advantage of these massive savings. This limited-time offer ends this Friday, January 31 at 11:59 p.m. PT — after that, these 2-for-1 Passes will be gone.…
Exclusive, Fintech, fintech infrastructure, Formance, Global IT News, Global Security News, Startups
Formance raises $21M to build the AWS for fintech infrastructure
If you talk to a fintech entrepreneur about their business, chances are they’ll end up talking about ledger issues at some point. A ledger is a record of money movements that serves as the source of truth for financial assets, but when a company starts having multiple bank accounts, payment processors and funds spread across…
Africa, cauridor, cross-border payments, Fintech, Francophone Africa, Fundraising, Global IT News, Global Security News
This fintech has a fix for the biggest cross-border payments issues in Francophone Africa
Until a few years ago, it used to be difficult to make payments across borders almost anywhere in the world. But it’s still a big problem in Africa, where fragmented, disconnected systems, high fees, and poor infrastructure make it tough for businesses and individuals to move money quickly and affordably. The majority of people and…
Divvy Homes, Fintech, Global IT News, Global Security News, Ramp, Startups, stripe, TechCrunch Fintech
This startup is selling for $1B, so why is its founder not proud of the outcome?
Welcome to TechCrunch Fintech! This week we’re looking at the story behind the sale of Divvy Homes, Ramp’s new product, some notable fundraising deals, and more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Tuesday at 8:00 a.m. PT, subscribe here. The big story Last week,…
Elon Musk, Fintech, Global IT News, Global Security News, payments, Twitter, visa
X announces a partnership with Visa to power X Money’s wallet
Elon Musk-owned social network X announced a partnership with Visa to handle person-to-person payments for its upcoming X Money product. The company will use Visa Direct, which is Visa’s solution for real-time money transfers, to load money into X Money’s wallet, connect to a debit card for paying other users, and transfer money back to…
AI, Climate, Crypto, Fintech, Global IT News, Global Security News, robotics, Space, Startups, TC, TechCrunch Disrupt 2025, Transportation, Venture
TechCrunch Disrupt 2025: 5 Days left to claim your 2 for 1 Passes at the lowest rate of the year
The clock is ticking for one of our Super Early Bird sales! You have just 5 days left to lock in your 2 for 1 Passes at the lowest rates of the year for TechCrunch Disrupt 2025. Save up to $1,400 on two of the same individual ticket type. This limited-time offer ends this Friday,…
api, App, Dev, Exclusive, Fintech, Funding, Fundraising, Global IT News, Global Security News, method, startup, Startups
Method is helping fintech companies like SoFi build repayment functionality into their apps
It can be challenging for developers of fintech apps to integrate repayment, balance transfer, and bill pay functionality. Devs often have to deal with a patchwork of brittle screen-scraping APIs to extract data from users’ financial institutions — or worse, tools to process mounds of physical checks and paperwork. Three friends and entrepreneurs — Jose…
Africa, contactless payments, Exclusive, Fintech, Global IT News, Global Security News, investment, moniepoint, visa
African fintech Moniepoint gets Visa backing, plans to work on contactless payments
Visa has joined African fintech Moniepoint as a new investor. The business banking and payments platform confirmed to TechCrunch that it received a “strategic investment” from the global payments giant as both companies look to drive financial inclusion and support the growth of small and medium-sized enterprises (SMEs) across Africa. Sources close to the deal…
Exclusive, Fintech, Global IT News, Global Security News, Ramp, Startups
Ramp encroaches into digital bank territory with new treasury product
Over the years, Ramp has built a name for itself in the corporate card and expense management space. It’s branched out into travel, bill pay, and more, while raising over $1.2 billion in venture funding. Today, the six-year-old fintech startup is announcing a different kind of expansion — one that takes it into more of…
Fintech, Global Security News, India, jar
Indian fintech Jar turns cash flow positive
Indian fintech Jar has turned cash flow positive, an executive at the Tiger Global-backed startup confirmed on Wednesday, as it gears up to deepen its offerings. The three-year-old startup, which offers its users the ability to start their savings and investment journey, achieved the milestone while still growing by more than 10 times last year,…
bench, Fintech, Fundraising, Global IT News, Global Security News, TechCrunch Fintech
Funding to fintechs continues to decline, but at a slower pace
Welcome to TechCrunch Fintech! This week, we’re looking at just how much fintech startups raised in 2024, a slew of fundraising deals, Plaid’s reported revenue growth last year, and more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Tuesday at 8:00 a.m. PT, subscribe here. The…
Commerce, Fintech, Global IT News, Global Security News, In Brief, Layoffs, stripe
Stripe is laying off 300 people, but says it still plans to hire in 2025
Fintech giant Stripe is laying off 300 people, according to a leaked memo reported on Tuesday by Business Insider. The affected employees are “largely in product, engineering, and operations roles,” the memo said. Despite the layoffs, Chief People Officer Rob McIntosh said that Stripe intends to still grow its headcount by 17% “to land at…
Commerce, Fintech, Global IT News, Global Security News
Qomodo raises $13.9M to expand BNPL for Italy’s main-street retailers
Payments and financial solutions are two-a-penny at this point, but mostly for online e-commerce. What about physical stores? In 2023 Qomodo, a Milan-based “all-in-one” payment methods aggregator for physical merchants, came out with a €34.5 million ($36.9 million) pre-seed round (mostly debt), which we covered, to expand the BNPL model into other categories. It’s now…
Africa, Egypt, Fintech, Global IT News, Global Security News, MENA, MoneyHash, payment orchestration
MoneyHash, which provides single access to payment services in MENA, banks $5.2M
When merchants or companies launch online, they typically start by partnering with one or two payment processors. But as they grow and expand into new regions, they often need to onboard additional payment partners to meet different customer (and sometimes regulatory) needs, a process that comes with some hurdles. That’s given rise to companies to…
Fintech, Fundraising, Global IT News, Global Security News, Karmen, rbf, revenue-based financing, Startups
Karmen secures $9.4 million for its revenue-based financing products
French startup Karmen has secured a small funding round so that it can improve its instant financing products. The company offers short-term loans to small companies facing a working capital crunch. It’s a €9 million equity-and-debt round ($9.4 million at today’s exchange rates) with Seventure Partners buying a stake in the small startup. Financière Arbevel…
etoro, Fintech, Global IT News, Global Security News, IPO
Trading platform eToro said to be eyeing $5B US IPO in 2025
Trading platform eToro has reportedly filed confidentially for a US IPO that could value the company at over $5 billion. © 2024 TechCrunch. All rights reserved. For personal use only.
Fintech, Fundraising, Global IT News, Global Security News
Prepaid payments platform Recharge raises €45M to go on M&A spree
With inflation still stubbornly high in comparison to previous years, and the siren voices of subscription services like Netflix and Spotify continuing to lure, consumers have understandably turned to alternative forms of payment to manage their household bills. As a result, online prepaid payment platforms have benefited. That’s the bet being laid today by Recharge,…
billing, Fintech, Global IT News, Global Security News, Hyperline, Startups
Hyperline secures $10 million for its automated billing platform
French startup Hyperline wants to build the next-generation Chargebee. Over the past two years, the startup has built a new billing platform that can be used for recurring subscriptions, one-off purchases, usage-based billing and more. Hyperline raised an initial €4 million funding round from Index Ventures back in 2023 ($4.1 million at today’s exchange rate).…
Amazon, Amazon India, Axio, Capital Float, Fintech, Global IT News, Global Security News
Amazon to acquire Indian fintech Axio in credit push
Amazon has agreed to acquire Indian buy now pay later startup Axio, deepening its push into financial services in one of its fastest-growing markets as it seeks to expand credit access to millions of underserved customers. The US technology group, which has held an equity stake in Axio for six years, signed the acquisition agreement…
Akshay Naheta, Crypto, Fintech, Global IT News, Global Security News, Nasdaq Whale, SoftBank Group
SoftBank veteran hunts for profits in payments infrastructure plumbing
Former SoftBank exec Akshay Naheta’s startup, Distributed Technologies Research, is trying to bridge the gap between banking and blockchain tech. © 2024 TechCrunch. All rights reserved. For personal use only.
Europe, Exclusive, Fintech, Fundraising, Global Security News, medical practice, Nelly, SaaS, Startups
Nelly raises $51 million to digitalize medical practices across Europe
Nelly wants to become the biggest fintech startup in the healthcare industry. The Berlin-based startup is already working with more than 1,200 medical practices in a handful of European countries. But there are thousands more that could benefit from an upgrade for their administrative workflows. That’s why Nelly recently raised €50 million in funding (around…
Fintech, Global IT News, Global Security News
Why some former Bench customers are not happy
Welcome to TechCrunch Fintech! This week, we’re looking at the latest with embattled fintech Bench, Robinhood’s $45 million settlement, a couple of M&A deals, some cool fundraises, and more. To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Tuesday at 8:00 a.m. PT, subscribe here. The big…
Africa, Asia, Emerging Tech, Fintech, Global Security News, lemfi, remittance
LemFi moves remittances further into Asia and Europe with $53M in new funding
For many emerging market economies, remittances have become a lifeline. Inflows surpassed $669 billion in 2023, according to World Bank research, and they now represent significant portions of GDP in these countries, often outpacing foreign direct investment as the primary source of foreign exchange. Traditional banks and agents maintain a firm grip on the remittance…
Fintech, Global IT News, Global Security News, Robinhood, SEC, TC
Robinhood agrees to pay $45M in SEC settlement
Robinhood has agreed to fork out $45 million to settle an investigation by the Securities and Exchange Commission over several alleged violations, reported the Wall Street Journal on Monday. The settlement is being made via two of Robinhood’s brokerage units. One of the violations relates to Robinhood’s November 2021 confirmation that it was hacked “with…
acquisition, clearwater, clearwater analytics, enfusion, Enterprise, finance, Fintech, Fundraising, Global IT News, Global Security News, investment management, portfolio management
Clearwater agrees to buy investment management platform Enfusion for $1.5B
Clearwater Analytics, a company developing accounting, compliance, and risk reporting tools for asset managers, said on Monday it has entered into a definitive agreement to acquire investment management platform Enfusion for $1.5 billion. Clearwater, which says it has obtained an $800 million loan to fund the transaction, along with a $200 million revolving line of…
acquisition, AI, cape analytics, Fintech, Fundraising, geospatial, Global IT News, Global Security News, insurance, Moody’s, Startups
Moody’s agrees to acquire Cape Analytics, which develops geospatial AI for insurance providers
Financial services firm Moody’s announced on Monday that it has agreed to acquire Cape Analytics, a geospatial AI startup, for an undisclosed sum. The deal, which is expected to close in Q1, subject to customary closing conditions, will give Moody’s access to Cape’s geospatial AI analytics technology for insurance underwriting. With the tech, Moody’s plans…
Canada, corporate cards, expense management, Fintech, float financial, Fundraising, Global IT News, Global Security News, Goldman Sachs, Startups
Float Financial, which aims to be the Brex of Canada, lands US$48.5M Series B
Float Financial, an expense management and corporate card startup focused on the Canadian market, has raised $48.5 million in a Series B funding round. The Toronto-based fintech likens itself to U.S.-based fintech giants Brex and Ramp but says it is different in that its sole focus is on Canadian SMBs, which CEO and co-founder Rob…
Fintech, Global IT News, Global Security News, groww, India, IPO, TC
Groww, India’s biggest trading app, prepares for IPO
Groww, India’s largest retail stockbroker, is positioning itself to file for an IPO in 10-12 months and is seeking a valuation between $6 billion to $8 billion, sources familiar with the matter told TechCrunch, in what would be a landmark listing for the country’s fintech sector. The Bengaluru-headquartered’s listing would be the first IPO by…
bench, Employer.com, Exclusive, Fintech, Global IT News, Global Security News, Startups
Bench customers are now being forced to hand over their data or risk losing it, they say
After accounting startup Bench abruptly shut down on December 27 and was bought in a fire-sale by Employer.com, Bench customers are now learning they can’t easily just take their financial data and leave. And some are very unhappy about it, three customers told TechCrunch. To recap: When Bench, a startup based in Canada that raised…
Fintech, Global Security News, Government & Policy, India, Mastercard, Rupay, TC, visa
India’s payment push is cutting out Visa and Mastercard
As global regulators increase their scrutiny on Visa and Mastercard over merchant fees, India has chosen a different path: creating rival payment networks that are increasingly sidelining international card networks. The strategy builds on India’s Unified Payments Interface, known as UPI, a nine-year-old system that now processes more than 13 billion real-time transactions monthly, or…
cross-border payments, Fintech, Global IT News, Global Security News, nomupay, payments, wirecard
Nomupay raises $37M on a $200M valuation to build payment rails in underserved markets across Asia
Wirecard, a German fintech that raised hundreds of millions of dollars only to collapse in 2020 in a sea of scandal and insolvency, still makes headlines today as lawsuits continue against different entities and people once connected to the business. Meanwhile, a Dublin-based startup called Nomupay that was formed in 2023 out of some of…
bench, Fintech, Global IT News, Global Security News, TechCrunch Fintech
What the heck happened at fintech Bench?
Welcome to TechCrunch Fintech! It’s good to be back. This week, we’re looking at the wild ride that was Bench’s shutdown and acquisition; dozens of companies that are hiring in the fintech space; lawsuits against PayPal; an IPO update; and more! This edition is a bit longer than normal since we were on a hiatus…
Employer.com, Fintech, Global IT News, Global Security News, Level, Startups
Employer.com offers to buy failed fintech Level, a week after it makes offer for Bench
Employer.com has offered to acquire Level, a fintech startup that just last week abruptly shut down after failing to find a buyer, according to The Information. But Level is still mulling over the offer, its Employer.com CMO Matt Charney told TechCrunch. “It’s with legal,” he said. Founded in 2018 by early Square employee Paul Aaron,…
accounting, AI, bain capital ventures, bench, Exclusive, Fintech, Global IT News, Global Security News, Shopify, Startups
Inside the wild fall and last-minute revival of Bench, the VC-backed accounting startup that imploded over the holidays
Friday, December 27, was supposed to be the start of a relaxing holiday weekend. But it was chaos for thousands of small business owners who use Bench, an accounting and tax startup based in Canada that raised $113 million from investors like Bain Capital Ventures and Shopify. That morning, they found themselves unable to log…
evergreens, Fintech, fintech startup, Global IT News, Global Security News, Layoffs, Startups
These fintech companies are hiring in 2025 after a turbulent year
While the rapid pace of funding has slowed, many fintechs are continuing to see growth and expand their teams. © 2024 TechCrunch. All rights reserved. For personal use only.
Fintech, Global IT News, Global Security News, SafeSend, thomson reuters
Thomson Reuters acquires tax automation company SafeSend for $600M
Thomson Reuters has acquired tax automation company SafeSend in an all-cash transaction valued at $600 million. Founded in 2008, Ann Arbor, Michigan-based SafeSend serves a cloud-based platform designed to streamline the processing and sharing of sensitive financial documents. It provides tools for delivering tax returns, gathering e-signatures, collecting payments, automating workflows, meeting compliance obligations, and…
copytrading, Crypto, event contract, Fintech, futures, Global IT News, Global Security News, prediction market, Robinhood, Vlad Tenev
Robinhood, already a ‘comeback’ stock, has even more aggressive plans for 2025
Robinhood CEO Vlad Tenev has a lot to celebrate this holiday season. After a bumpy few years following Robinhood’s 2021 IPO — a period during which shares of the commission-free trading app plummeted by more than 90% after it abruptly restricted trading in some meme stocks — the 12-year-old company was just declared Yahoo Finance’s…
Fintech, Global IT News, Global Security News, Google, Google Pay, India, NPCI, Paytm, PhonePe, Walmart
India again delays rules to break PhonePe-Google Pay duopoly
India has once again pushed back a contentious plan to limit big technology companies’ control of the nation’s digital payments system, extending a regulatory uncertainty that has weighed on the sector for years. The National Payments Corporation of India said on Tuesday it would extend the deadline for implementing a 30% cap on any individual…
Apps, Fintech, Global IT News, Global Security News, India, WhatsApp, WhatsApp Pay
India lifts WhatsApp payment curbs
India has removed restrictions on WhatsApp’s mobile payments service in a significant victory for Meta in its largest market by users as it seeks to compete with entrenched fintech rivals. The National Payments Corporation of India, the payments body overseeing the popular UPI payments network, said Tuesday that WhatsApp can now roll out WhatsApp Pay…
Fintech, Global IT News, Global Security News, Google, Government & Policy, India, NPCI, Paytm, PhonePe, Walmart
India’s mobile payments dilemma
India’s payments regulator is set to decide as early as Monday whether to curb the dominance of Walmart’s PhonePe and Google in the nation’s fast-growing mobile payments market, a move that could reshape how its billion-plus population moves money. The decision centers on UPI, or Unified Payments Interface, a network backed by more than 50…
Africa, Fintech, Global IT News, Global Security News, MNT-Halan, moniepoint, Opay, TymeBank, Wave
Africa’s newest fintech unicorns are winning by keeping their feet on the ground
Africa’s tech ecosystem just got a boost of attention, with South Africa’s TymeBank and Nigeria’s Moniepoint both raising funds in recent weeks at valuations of over $1 billion and joining the coveted unicorn pantheon. But those valuations don’t just reflect investor confidence. They signal the success they’ve had in taking disruptive fintech models originally developed…
accounting, bain capital ventures, bench, Fintech, Global IT News, Global Security News, SaaS, Startups, Venture
Bench shuts down, leaving thousands of businesses without access to accounting and tax docs
Bench, a Canada-based accounting startup that offered software-as-a-service for small and medium businesses, has abruptly shut down, according to a notice posted on its website. “We regret to inform you that as of December 27, 2024, the Bench platform will no longer be accessible,” the notice reads. “We know this news is abrupt and may…
Financing, Fintech, Global IT News, Global Security News, MENA, rbf, Startups
Revenue-based financing startups continue to raise capital in MENA, where the model just works
In an era where it’s become tougher to raise venture capital, many companies have turned to non-dilutive, Revenue-Based Financing (RBF) as an alternative. As a result, plenty of startups have risen to meet that challenge, none more so than in the MENA region, which has taken to the model like a duck to water. The…
Exclusive, Fintech, Global IT News, Global Security News, TBC Bank Uzbekistan, TBC Group, Uzbekistan
Uzbekistan’s mobile bank TBC bags $37M to expand with new AI and insurance products
Uzbekistan’s mobile-exclusive bank, TBC Bank Uzbekistan, has raised $37 million to bolster its footprint in the Central Asian nation. © 2024 TechCrunch. All rights reserved. For personal use only.
Chime, digital banking, Fintech, Global IT News, Global Security News, IPOs, IPOs 2025, Startups
$25 billion valuation Chime takes another step towards an IPO
Digital bank Chime has reportedly filed its confidential IPO paperwork with the SEC, with an eye toward a 2025 debut. © 2024 TechCrunch. All rights reserved. For personal use only.
Fintech, funding societies, Fundraising, Global IT News, Global Security News, SoftBank Vision Fund 2, Southeast Asia
‘We want to pay it forward’: Funding Societies raises $25M to boost capital for SMEs in Southeast Asia
Small and medium-sized enterprises (SMEs) account for nearly 50% of Southeast Asia’s GDP, contributing to job creation, innovation, and overall economic expansion. Nevertheless, as in other parts of the world, SMEs in Southeast Asia face challenges when it comes to sufficient working capital. In a nutshell, SMEs are typically deemed too risky for traditional banks…
Fintech, Fundraising, Global IT News, Global Security News, India, Mobikwik
India’s MobiKwik surges 82% in market debut
Shares in digital payments firm MobiKwik surged 82% to ₹507.5 ($6) on their first day of trading, as the Indian fintech company made its market debut amid fierce competition from larger rivals. The listing pushed MobiKwik’s market value to $464 million, well above its initial target of $250 million for the public offering. The valuation…
block, bob lee, Cash App, Fintech, Global IT News, Global Security News, TC
Bob Lee verdict: Cash App creator’s killer found guilty of second-degree murder
A San Francisco jury has found Nima Momeni guilty of second-degree murder in the stabbing of Bob Lee, the Cash App creator and former CTO of Block, according to NBC News Bay Area on Tuesday. The jury found Momeni not guilty of first-degree murder, meaning jurors decided the murder of Lee was not premeditated. Lee…
block, bob lee, Cash App, Fintech, Global IT News, Global Security News, TC
Cash App creator Bob Lee’s killer found guilty of second-degree murder
A San Francisco jury has found Nima Momeni guilty of second-degree murder in the stabbing death of Bob Lee, the Cash App creator and former CTO of Block, according to NBC News Bay Area on Tuesday. The jury found Momeni not guilty of first-degree murder, meaning jurors decided the murder of Lee was not premeditated.…
Fintech, Global IT News, Global Security News, juicyway, mynt, stablecoin, TechCrunch Fintech, Upvest
This fintech processed $1B in payments through word-of-mouth
Welcome to TechCrunch Fintech! This week, we’re diving into: P.S. We’re taking time off for the holidays! TechCrunch Fintech scribe Mary Ann Azevedo will be back in your inbox on January 7. ❄️ The big story How stablecoin technology can power billions in cross-border transactions Juicyway is an African fintech that’s leveraging stablecoin technology to…
Apps, AstroPay, Fintech, foreign exchange, Global IT News, Global Security News, LATAM, multi-currency wallet, payment, Startups
Popular LatAm digital payment service AstroPay launches multi-currency wallet
AstroPay has been around since 2009. The bootstrapped company currently has 320 employees and is profitable. And yet, it’s not a name that comes up often in startup news. The company originally started its life as a payment service provider focused on Latin America — an alternative payment method that you would find next to the…
Bitcoin, Crypto, ethereum, Fintech, Global IT News, Global Security News, HRIS, Remote, USDC
Remote enables USDC crypto payouts for contractors
Getting paid in cryptocurrencies may sound like a bad idea, but this could be an actually useful feature for international contractors. Remote, the company that lets you hire people and manage contractors all around the world, is introducing crypto payouts on Tuesday. Companies based in the U.S. can start paying their contractors with stablecoins in…
Fintech, Fundraising, Global IT News, Global Security News, payments, volume
While some account-to-account payments players falter, Volume raises fresh cash
Online merchants can usually pay up to 8% of every sale on an item to companies like PayPal, Apple Pay, and Stripe — and those costs are usually passed to consumers. So-called ‘account-to-account’ or ‘A2A’ payments can cut transaction fees to below 1%, saving merchants and consumers quite a bit of cash. The difficulty has been…
aye finance, Fintech, Global IT News, Global Security News, India, IPOs, Startups
Alphabet-backed Indian lender files for IPO
Alphabet’s CapitalG-backed Aye Finance, a lender focused on India’s micro, small, and medium enterprises, is seeking to raise $171 million from its initial public offering, it disclosed in a filing Tuesday. The offering comprises a $104 million fresh share issue and a $67 million secondary sale by existing investors, with proceeds aimed at expanding the…
Fintech, Global IT News, Global Security News, nubank, tyme, TymeBank
Nubank leads $250M round in African digital bank Tyme at $1.5B valuation
Tyme Group, a South African-born fintech operating in the African country and the Philippines, has secured $250 million in a Series D round, pushing its valuation to $1.5 billion. The funding was led by Nu Holdings (which owns NuBank), Latin America’s most valuable fintech, which invested $150 million for a 10% stake. M&G Catalyst Fund…
Africa, Crypto, Fintech, Global IT News, Global Security News, juicyway, stablecoin, Startups
This stealthy African stablecoin startup already processed over $1B in cross-border payments
Juicyway, an African fintech that leverages stablecoin technology to power fast and cheap cross-border payments, is launching out of stealth after processing over $1 billion in transaction volume for thousands of African businesses over the last three years. The fintech claims to have processed over 25,000 transactions, generating $1.3 billion in total payment volume (TPV)…
cybercriminals, Cybersecurity, Data Security, Europe, Fintech, Global Security News, iam, Identity & Access, identity access manager, Security Awareness, Security Boulevard (Original), Social - Facebook, Social - LinkedIn, Social - X
Digital Finance: How Do Banks Protect Their Customers’ Money and Data from Cybercriminals?
Cybercriminals are employing increasingly sophisticated methods to access our money and data, making this issue particularly relevant for large European banks, where significant financial assets are concentrated. The post Digital Finance: How Do Banks Protect Their Customers’ Money and Data from Cybercriminals? appeared first on Security Boulevard.