Tech


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Wise announces plans to go public via direct listing

Wise, the fintech company formerly known as TransferWise, has announced that it wants to become a public company on the London Stock Exchange. Instead of following the traditional IPO route, Wise plans to go public via a direct listing. This is going to be the biggest direct listing on the London Stock Exchange. If you’re not familiar with Wise, the company specializes in cross-border money transfers. If you want to send money to someone living in another country, traditional retail banks charge...
Tags: Startups, Europe, Finance, Tech, London Stock Exchange, Fintech, Transferwise, Western Union, Wise, Monzo, Wise With Wise


Unit raises $51M in Accel-led Series B to grow its banking-as-a-service platform

We’ve all heard the phrase, “Every company is a fintech.”  But these days, that’s becoming more and more true as an increasing number of companies that are not even in the financial services space seek to add a fintech component to their offering. A group of startups poised to benefit from this shift are those offering banking as a service. One such startup, Unit , has raised $51 million in a Series B round to further its goal of making it possible for companies and fintechs alike to bui...
Tags: Fundings & Exits, Startups, Amit Kumar, Finance, Funding, Tel Aviv, Tech, Venture Capital, Silicon Valley, Payments, Fintech, Accel, Unit, Recent Funding, Itai Damti, Doron Somech


Insurtech AI startup Akur8 closes $30M Series B

Automating insurance claims is a big business, and the world of AI is coming at it ‘full pelt’. The latest is Akur8, an insurtech automating insurance platform whose ‘Transparent AI’ product is trying to eat into the incumbent large business of Willis Towers watson, among others. It’s now closed a Series B funding round of $30m led by an undisclosed investor. This brings its total funding to $42m. The round is to support international expansion. Akur8 is used by actuaries and pricing teams to ma...
Tags: TC, Europe, Finance, US, Insurance, Tech, Artificial Intelligence, United States, Financial Services, Axa, Partner, Munich Re, APAC, BlackFin Capital Partners, Willis Towers, Akur8


Russia And China Versus US And Its Partners In New Tech-Focused Space Race? Bring It On

The budding international space rivalry isn’t without its thorns.
Tags: Technology, Law, Finance, China, Russia, US, Space Race, Jonathan Wolf, ATL Finance, Finance Docket


Novo, a neobank for SMBs, banks $41M

Small businesses have traditionally been underserved when it comes to IT — they are too big and have too many requirements that can’t be met by consumer products, yet are much too small to afford, implement or thoroughly need apps and other IT build for larger enterprises. But when it comes to neobanks, it feels like there is no shortage of options for the SMB market, nor venture funding being invested to help them grow. In the latest development, Novo, a neobank that has built a service targeti...
Tags: Amazon, New York, Enterprise, Finance, Funding, Tech, Banking, Peter Thiel, Miami, Valar Ventures, Smbs, Bbva, Novo, PNC, Rangel, SMEs


The Top Cryptocurrencies to Know in 2021

Cryptocurrencies are on everyone’s attention these days. It’s a topic that’s exploding like hot popcorn across the business media landscape, and appropriately so, given its wildly fluctuating price highs and lows. If you’re thinking of investing in Bitcoins, think again. There are lots of alternative cryptocurrencies on the market with the potential to develop and earn you money. Are you unsure where to begin? All of your queries will be answered in this article. If required, you can refer to th...
Tags: Google, Finance, Sales, Ethereum, Litecoin, Bitcoins, Cardano, IOTA IOTA, Litecoin Litecoin, Cardano ADA Cardano


FamPay, a fintech aimed at teens in India, raises $38 million

How big is the market in India for a neobank aimed at teenagers? Scores of high-profile investors are backing a startup to find out. Bangalore-based FamPay said on Wednesday it has raised $38 million in its Series A round led by Elevation Capital. General Catalyst, Rocketship VC, Greenoaks Capital and existing investors Sequoia Capital India, Y Combinator, Global Founders Capital and Venture Highway also participated in the new round, which brings FamPay’s to-date raise to $42.7 million. TechCru...
Tags: Startups, TC, Apps, Y Combinator, Asia, Instagram, Finance, India, Funding, Tech, Netflix, General Catalyst, Global Founders Capital, Bangalore, Greenoaks Capital, Jain


10x, a UK fintech, raises $187M to build new services for old banks

As so-called neobanks continue to gain more traction in the market with their more modern takes on banking and other financial services, a startup that’s building technology to help incumbent players better compete is announcing a big round of funding. 10x Future Technologies, a London-based fintech that helps larger, established banks build both next-generation services as well as tools to help their older services work more efficiently, has raised $187 million. We understand from sources close...
Tags: Europe, UK, London, Australia, Finance, Tech, Barclays, North America, Blackrock, Antony Jenkins, Jenkins, Westpac, 10x, Leon Pedersen, CPP Investments, Nationwide 10x


Which Nubank will own the financial revolution?

Nubank’s first office, on California Street in the Brooklin neighborhood of São Paulo, makes for a great beginning to the company’s story. It wasn’t a Silicon Valley garage, but this tiny, one-bathroom rented house, where 30 people worked insane hours to push out the company’s debut credit card, lends just as well to an image of entrepreneurial spirit and drive. As Nubank continues to make international waves, more and more VC investors are taking a look at the Brazilian ecosystem and c...
Tags: Startups, TC, Finance, Disney, Tech, Brazil, Silicon Valley, Credit Card, Fintech, Nubank, David Velez, Online Banking, Sao Paulo, Sao Paulo Brazil, California Street, Brooklin


The Nubank EC-1

Brazil is a country riven with economic contradictions. It has one of the largest and most profitable banking industries in Latin America, and is among the world’s most developed financial markets. Financial transactions that would take days to process in the United States through ACH happen instantaneously in Brazil. This sophistication, however, masks a backward state of affairs plagued by appalling customer service, exorbitant fees and lack of banking access for many. The country’s financial ...
Tags: Startups, Mexico, Finance, Disney, Tech, Banking, Colombia, United States, Brazil, Miami, Berkshire Hathaway, Credit Card, EC, Latin America, Mccarthy, Nubank


How contrarian hires and a pitch deck started Nubank’s $30 billion fintech empire

For most startups, the hardest early challenge is identifying a market and a product to serve it. That wasn’t the case for Nubank CEO David Velez, who understood the massive potential for success if he could break into Latin America’s most valuable economy with even a moderately modern banking offering. Instead, the challenge was how to rebuild the concept of a bank in a country where banking is widely hated, all while the incumbents heavily entrenched with the state worked to block every move. ...
Tags: Startups, TC, Finance, Tech, Banking, Colombia, Brazil, Goldman Sachs, Credit Card, EC, Morgan Stanley, Fintech, General Atlantic, Latin America, Stanford University, Nubank


One woman’s drive to make a neobank as magical as Disney

As we mentioned in part 1 of this EC-1, David Velez had two key co-founding roles he needed to fill to get started building Nubank. For one, he needed a CTO to lead the engineering side of the business, as Velez didn’t have an engineering background. Edward Wible, an American computer science graduate who spent most of his career in private equity, would take that responsibility. He didn’t bring years of coding experience, but he had qualities that Velez considered more important: A strong belie...
Tags: Startups, TC, Finance, Disney, Tech, Brazil, Silicon Valley, Credit Card, EC, Fintech, Nubank, David Velez, Cto, Online Banking, Sao Paulo, Velez


How Nubank’s CX strategy made it one of the most loved digital banks

As we saw in parts 1 and 2 of this EC-1, by mid-2013, Nubank CEO David Velez had most of what he needed to get started. He’d brought on two co-founders, assembled ambitious engineering and operations teams, raised $2 million in seed funding from Sequoia and Kaszek, rented a tiny office in São Paulo, and was armed with a mission to deliver the kind of banking services that customers in a market as large and lucrative as Brazil’s should expect. Despite being named Nubank, however, the startup coul...
Tags: Startups, TC, Finance, Tech, Brazil, Credit Card, EC, Fintech, Nubank, David Velez, Sequoia, Online Banking, Sao Paulo, Barney, Velez, EC-1


Google will let enterprises store their Google Workspace encryption keys

As ubiquitous as Google Docs has become in the last year alone, a major criticism often overlooked by the countless workplaces who use it is that it isn’t end-to-end encrypted, allowing Google — or any requesting government agency — access to a company’s files. But Google is finally addressing that key complaint with a round of updates that will let customers shield their data by storing their own encryption keys. Google Workspace, the company’s enterprise offering that includes Google Docs, Sli...
Tags: Google, Security, Technology, Privacy, Finance, Cloud Storage, Tech, Encryption, Cryptography, End-to-end Encryption, Healthcare, Computing, Google Docs, Data Protection, Api, Google-Drive


Blockchain and Money: A Free Online Course from MIT

Taught by MIT professor Gary Gensler, Blockchain and Money is “for students wishing to explore blockchain technology’s potential use—by entrepreneurs and incumbents—to change the world of money and finance. The course begins with a review of Bitcoin and an understanding of the commercial, technical, and public policy fundamentals of blockchain technology, distributed ledgers, and smart contracts. The class then continues on to current and potential blockchain applications in the financial sector...
Tags: Facebook, Technology, College, Finance, Mit, Online Courses, University of Pennsylvania, Princeton, Gary Gensler Blockchain, Princeton Cryptocurrency


The fintech endgame: New supercompanies combine the best of software and financials

Shiran Shalev Contributor Share on Twitter Shiran Shalev is a principal at Battery Ventures, where he focuses primarily on software and consumer investments, including fintech. More posts by this contributor Why Breach Detection Is Your New Must-Have, Cyber Security Tool Aaron Rinberg Contributor Aaron Rinberg is a vice president at Battery Ventures. ...
Tags: Amazon, TC, Column, Enterprise, Finance, Insurance, Tech, E-commerce, Venture Capital, Financial Services, Fintech, Shopify, Battery Ventures, Customer Service Software, Shiran Shalev, Aaron Rinberg Contributor Aaron Rinberg


Messenger adds Venmo-like QR codes for person-to-person payments in the US

This spring, Facebook confirmed it was testing Venmo-like QR codes for person-to-person payments inside its app in the U.S. Today, the company announced those codes are now launching publicly to all U.S. users, allowing anyone to send or request money through Facebook Pay — even if they’re not Facebook friends. The QR codes work similarly to those found in other payment apps, like Venmo. The feature can be found under the “Facebook Pay” section in Messenger’s settings, accessed by tapping on you...
Tags: Mobile, Facebook, Apps, Messenger, Technology, Finance, US, Social Media, Tech, E-commerce, Paypal, Software, United States, Facebook Messenger, Mobile Payments, Payments


Messenger adds Venmo-like QR codes for person-to-person payments in the U.S.

This spring, Facebook confirmed it was testing Venmo-like QR codes for person-to-person payments inside its app in the U.S. Today, the company announced those codes are now launching publicly to all U.S. users, allowing anyone to send or request money through Facebook Pay — even if they’re not Facebook friends. The QR codes work similarly to those found in other payment apps, like Venmo. The feature can be found under the “Facebook Pay” section in Messenger’s settings, accessed by tapping on you...
Tags: Mobile, Facebook, Apps, Messenger, Technology, Finance, Social Media, Tech, E-commerce, Paypal, Software, United States, Facebook Messenger, Mobile Payments, Online Payments, Cryptocurrencies


Can payday loans be made obsolete? With $15M more, Clair wants to find out

The world seems to move faster every year, and yet, nothing feels slower than the speed by which paychecks get distributed. In the United States, work conducted the day after a pay period will take two weeks just to process, with a check or direct deposit coming another week or two later. For the tens of millions of employees who live paycheck-to-paycheck, that multi-week delay can be the difference of making a rent check — or not. A variety of startups have approached this problem with differen...
Tags: Fundings & Exits, Startups, Uber, Europe, New York, Finance, China, Funding, New York City, Tech, Walmart, Dave, Harvard, Brooklyn, United States, Brazil


Fintech startup TreasurySpring raises $10M for platform giving online access to Fixed-term-funds

Fixed-term-funds (FTFs) have historically been a bank-to-bank market. FTF products allow for investing into some of the safest assets including, UK Government bonds, US Government bonds and highly-rated corporations. They allow holders of large amounts of cash (such as charities, private funds, family offices etc) to reduce and diversify their risk, but also increasing returns. TreasurySpring is a fintech startup that is aiming to opening up access to this area of financial markets, by creating ...
Tags: TC, Europe, UK, Cook, Money, US Government, Finance, US, Tech, Investment, Ceo, Economy, Bank, Fintech, Bond, UK Government


Recorded Future launches its new $20M Intelligence Fund for early-stage startups

Threat intelligence company Recorded Future is launching a $20 million fund for early-stage startups developing novel data intelligence tools. The Intelligence Fund will provide seed and Series A funding to startups that already have venture capital funding, Recorded Future says, as well as equip them with resources to help with the development and integration of intelligence applications in order to accelerate their go-to-market strategy.   Recorded Future, which provides customers with inform...
Tags: Google, Security, Startups, Entrepreneurship, Finance, Tech, Information Technology, Computing, Machine Learning, Dark Web, Startup Company, Crunchbase, Prediction, Michael Triplett, Managing Partner, Christopher Ahlberg


The Use Case Podcast: Storytelling about SmartPath with Alok Deshpande

Storytelling about SmartPath with Alok Deshpande Welcome to the Use Case Podcast, episode 90. This week we have storytelling about SmartPath with Alok Deshpande. During this episode, Alok and I talk about how practitioners make the business case or the use case for purchasing SmartPath. Alok is an expert in all things involving money and […]
Tags: Technology, Featured, News, Podcasts, Finance, Company Culture, Tech, Recruiting, Employee Engagement, HR, Branding, Employee Retention, Blog Posts, Hr Technology, Alok, Employee Wellbeing


BukuWarung, a fintech for Indonesian MSMEs, scores $60M Series A led by Valar and Goodwater

BukuWarung, a fintech focused on Indonesia’s micro, small and medium enterprises (MSMEs), announced today it has raised a $60 million Series A. The oversubscribed round was led by Valar Ventures, marking the firm’s first investment in Indonesia, and Goodwater Capital. The Jakarta-based startup claims this is the largest Series A round ever raised by a startup focused on services for MSMEs. BukuWarung did not disclose its valuation, but sources tell TechCrunch it is estimated to be between $225 m...
Tags: Fundings & Exits, Startups, TC, Apps, Asia, Indonesia, Finance, Southeast Asia, India, Softbank, Tech, E-commerce, Jakarta, Valar Ventures, Indonesia Singapore, Gokul Rajaram


Trump just shat on 46M Bitcoin HODLers — Good luck in 2024

The last US presidential election featured the highest voter turnout in the nation’s history. The candidates received a combined 155.4 million votes with just over seven million separating them. That’s a margin of about 4%. By that math it would seem like incredibly poor judgment if a candidate were to intentionally disrespect a group of people representing as much as 20% of the US adult voting population. Enter the 45th president of the United States of America, Donald Trump. Despite his numero...
Tags: Startups, Politics, Opinion, Finance, US, Tech, United States, Cryptocurrency, Hard Fork, United States Of America Donald Trump, Next Featured


Digital banking took off during the pandemic. Banks looking to capitalize on the trend should balance 'cool versus creepy' when leveraging customer data.

"Future of Finance," an Insider virtual event, was presented on June 8, 2021. Insider Digital banking adoption surged during the pandemic, especially among those age 65+. Industry leaders say real-time individualization using AI and machine learning is the future. The conversation was part of Insider's virtual event, "Future of Finance," presented by Grayscale, on June 8th, 2021. Click here to view the full event. Digital banking services won big during the pandemic as consumers flocke...
Tags: Finance, Digital, Trends, Tech, Bank Of America, Banking, Data, Merrill Lynch, Deloitte, Fintech, Mobile Banking, Digital Banking, Tyrie, Tang, BofA, Bank of America BofA


Stacey Abrams co-founded fintech company Now raises $9.5M

After co-founding Insomnia Consulting, Stacey Abrams and Lara O’Connor Hodgson started Nourish to address a personal problem. “We were at a meeting, I think for one of my campaigns,” explains Abrams, the Georgia-based lawyer and politician whose voting rights work became a focal point for the country in 2020. “[O’Connor Hodgson] needed to put together a baby bottle and had to trust the waiter to take the bottle back and wash it. She said, ‘I just wish there was a Dasani for babies.’ ” Ultimatel...
Tags: Startups, Finance, Funding, Tech, Georgia, American Express, Abrams, Now, Invoicing, Stacey Abrams, Virgo Investment Group, Recent Funding, Lara O'Connor Hodgson, O'Connor Hodgson, Cresset Capital Partners


Branch raises $50M to offer bundled auto & home insurance via an API

Branch Insurance, a startup offering bundled home and auto insurance, has raised $50 million in a Series B funding round led by Anthemis Group. Acrew, Cherry Creek Holdings and existing backers Greycroft, HSCM Bermuda, American Family Ventures, SignalFire, SCOR P&C Ventures, Foundation Capital and Tower IV also participated in the round. With this latest financing, Columbus, Ohio-based Branch has raised $82.5 million in total funding since its 2017 inception. With so many players in the insurtec...
Tags: Fundings & Exits, Startups, TC, Car Insurance, Finance, Funding, Startup, Insurance, Tech, United States, Venture Capital, Ohio, Columbus, Allstate, Branch, Foundation Capital


Commit raises $6M seed round to match senior engineers to startups they want to work for

Commit, a Vancouver, Canada-based startup that has a unique approach to matching up engineers looking for a new job to early-stage startups that want to hire them, today announced that it has raised a $6 million seed round. Accomplice led the round , with participation from Kensington Capital Partners, Inovia and Garage Capital.  The company, which focuses on working with remote-first startups, launched in 2019, with co-founders Greg Gunn (CEO) and Beier Cai (CTO), who met as early employees at...
Tags: TC, Money, Finance, Tech, Ceo, Economy, Engineer, Canada, Vancouver, iNovia Capital, Bootstrapping, Cto, Startup Company, Hootsuite, Valley, Gunn


European neobroker Scalable Capital raises $180M+ at a $1.4B valuation

Neobrokers — startups that are disrupting the investment industry by providing a platform for a wider range of consumers to partake in the stock market by offering them more incremental investment options and modern and easy mobile-based interfaces to manage their money — continue to see a huge amount of interest, and today comes the latest development in that story. Scalable Capital, a Munich/Berlin startup that provides tools to monitor and manage portfolios for those investing in shares, mana...
Tags: Europe, UK, Greece, Finance, China, Germany, Funding, Tech, Vienna, Amsterdam, Tencent, Brazil, Fintech, Nubank, Austria Germany, ING


Refyne raises $20.1 million to help workers in India get faster access to wages

A young Indian startup that is betting that earned wage access solutions will take off in the South Asian nation said on Wednesday it has closed a new round from high-profile investors. Bangalore-based Refyne said on Wednesday that it has raised $16 million in Series A from partners of DST Global and RTP Global. The one-year-old startup also disclosed that it raised a $4.1 million seed round in December from Jigsaw VC and QED Investors and XYZ Capital, all of whom also participated in the new ro...
Tags: Asia, Finance, India, Funding, Tech, DST Global, QED Investors, Bangalore, McDonald, South Asian, Sharma, Nigel Morris, Refyne, RTP Global, Earned Wage Access, Chitresh Sharma



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