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Posts filtered by tags: Fintech[x]


 

Equity Monday: China hates crypto, and the Vision Fund’s vision lives on

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You can follow the show on Twitter here and myself here. Our live show is this week! And we’re very excited about it! Details here, and you can reg...
Tags: Apple, Fundings & Exits, Startups, Facebook, Spotify, Audio, China, Tech, Crypto, Stock Market, Cryptocurrencies, Fintech, Coinbase, Revolut, Clubhouse, Kinko


Revolut revenue grew by 57% in 2020

Fintech startup Revolut has filed some financial results and is sharing details with the press. In 2020, the company reported $361 million in revenue (£261 million) — that’s a 57% increase compared to 2019 revenue of $229 million (£166 million). Interestingly, those revenue figures have been adjusted to include fair value gains on cryptocurrency assets — it means that Revolut holds some crypto assets on its balance sheet. Revolut made $54 million (£39 million) in fair value gains on cryptocurren...
Tags: Startups, Europe, Australia, Finance, Tech, Lithuania, Fintech, Mastercard, Revolut, Challenger Bank, Japan Australia, US Japan, European Economic Area, Nikolay Storonsky, Revolut Metal, Neobank


Vietnamese financial services app MFast gets $1.5M pre-Series A led by Do Ventures

MFast founders Phan Thanh Long and Phan Thanh Vinh MFast, a mobile app that lets Vietnamese users in remote areas access financial services, announced it has raised a $1.5 million pre-Series A today. The round was led by Do Ventures, with participation from JAFCO Asia.   Launched in 2019 by fintech company Digipay, MFast says it has been used by 600,000 people to date. It partners with financial institutions who provide services like loans and insurance, and says it has been used to distribu...
Tags: Fundings & Exits, Startups, TC, Apps, Tech, Vietnam, Financial Services, Fintech, Jeff, Jafco, Do Ventures, Naver Vertex, Digipay, JAFCO Asia, MFast, Phan Thanh Long


Owning the paycheck is the key to fintech success

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week, Natasha and Danny, otherwise known as your two new favorite Book influencers (inside joke, you’ll get if you listen to the show), hopped on the mics to take everyone threw the news, with Grace and Chris in the background. Here’s what we got into: Wise announced plans to go public via direct listing, making it the biggest company to use this route to d...
Tags: Apple, TC, London, Future, Tech, Community, Andreessen Horowitz, Equity, Edtech, Fintech, Grace, Chris, Transferwise, Gusto, Danny, Natasha


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


Emergence’s Lotti Siniscalco and Retail Zipline’s Melissa Wong will join us on Extra Crunch Live

For all that’s said about fundraising and working alongside investors, rarely do we get to see founders and their investors in candid conversation with one another. Extra Crunch Live is changing that. On the weekly live show, we sit down with founders and the VCs who funded them to talk about how they came together on the deal, what stood out about the other party that led to their commitment and how they operate today. We also (usually) take a walk through their early pitch decks to get a feel ...
Tags: Startups, TC, Tech, Fintech, Emergence Capital, Advent International, ECL, Ribbit Capital, Melissa Wong, Extra Crunch Live Announcement, Lotti Siniscalco, Siniscalco, Whistic, Old Navy It


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


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


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


Nigeria’s tech community was booming. Now it’s in shock

The government’s sudden ban of Twitter could jeopardise one of the country’s most promising industries The post Nigeria’s tech community was booming. Now it’s in shock appeared first on The Mail & Guardian.
Tags: Startups, Twitter, Technology, Nigeria, Africa, Social Media, Investment, Venture Capital, Stripe, Fintech, Cryptocurrency, Max, Muhammadu Buhari, Openaccess, Central Bank of Nigeria, Information and Communications Technology


How many opinions does it take to hit the $100M ARR Club?

In a world of talking points and corporate jargon, opinions are refreshing — and Expensify CEO and founder David Barrett is full of them. One of his earliest lessons in life, for example, was that basically everyone is wrong about basically everything. If instilling that at a young age doesn’t force you to become an entrepreneur, I don’t know what does. Barrett’s ethos has, as reporter Anna Heim puts, led to Expensify having “its own take on almost everything” from hiring without job titles and ...
Tags: Apple, TC, Utah, Mexico, Tech, Colombia, United States, Brazil, Silicon Valley, Alexis Ohanian, EC, Fintech, Nubank, Expensify, Pittsburgh, Klarna


Extra Crunch roundup: EU insurtech, 30 years of ‘Crossing the Chasm,’ embedded finance’s endgame

This morning, Anna Heim and Alex Wilhelm dug into the EU insurtech market, interviewing European VCs and collating the biggest recent rounds to take the temperature of the waters across the pond: Alex Timm, CEO, Root Dan Preston, CEO, MetroMile Luca Bocchio, partner, Accel Florian Graillot, investor, Astorya.vc Stephen Brittain, director and founder, Insurtech Gateway Several European-based insurtech startups entered unicorn territory this year, such as Bought By Many, which offers pet insuran...
Tags: Startups, TC, Transportation, London, Microsoft, Entrepreneurship, Insurance, Tech, Eu, Atlantic, United States, Venture Capital, Tanzania, Mobility, Alan, Anna


Temasek and General Atlantic in talks to back Indian neobank Open

Bangalore-based neobank Open is in advanced stages of talks to raise about $100 million, according to two sources familiar with the matter. Temasek, the Singaporean government’s sovereign wealth fund, and General Atlantic are positioning to co-lead the Series C financing round, which values the Indian startup at pre-money $600 million, the sources told TechCrunch, requesting anonymity as the matter is private. Open was valued at about $150 million in its Series B funding round two years ago. Exi...
Tags: Google, Amazon, Asia, India, Funding, Tech, Bank Of America, Paypal, Atlantic, Tiger Global, Fintech, General Atlantic, Temasek, Open, Economic Times, HDFC Bank


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


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


Fintech giant Klarna raises $639M at a $45.6B valuation amid ‘massive momentum’ in the US

Just over three months after its last funding round, European fintech giant Klarna is announcing today that it has raised another $639 million at a staggering post-money valuation of $45.6 billion. Rumors swirled in recent weeks that Klarna had raised more money at a valuation north of $40 billion. But the Swedish buy now, pay later behemoth and upstart bank declined to comment until now. SoftBank’s Vision Fund 2 led the latest round, which also included participation from existing ...
Tags: Europe, New York, France, Softbank, US, Los Angeles, Tech, Amsterdam, New Zealand, Fintech, Klarna, Los Gatos, Sebastian Siemiatkowski, Siemiatkowski, Klara, Vision Fund


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


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


Fintech all-star Nubank raises a $750M mega round

In 2013, Colombian businessman David Velez decided to reinvent the Brazilian banking system. He didn’t speak Portuguese, nor was he an engineer or a banker, but he did have the conviction that the system was broken and that he could fix it. And as a former Sequoia VC, he also had access to capital. His gut instinct and market analysis were right. Today, Nubank announced a $750 million extension to its Series G (which rang in at $400 million this past January), bringing the round to a tota...
Tags: Mexico, Tech, Nike, Colombia, Nba, Brazil, Berkshire Hathaway, Fintech, Swann, Nubank, David Velez, Cto, Stubhub, Nps, Citi, Nunez


Tiger Global leads $30M investment into Briq, a fintech for the construction industry

Briq , which has developed a fintech platform used by the construction industry,  has raised $30 million dollars in a Series B funding round led by Tiger Global Management. The financing is among the largest Series B fundraises by a construction software startup, according to the company, and brings Briq’s total raised to $43 million since its January 2018 inception. Existing backers Eniac Ventures and Blackhorn Ventures also participated in the round. Briq CEO and co-founder Bassem ...
Tags: Fundings & Exits, Startups, California, Finance, Funding, Articles, Tech, Economy, SaaS, Venture Capital, Construction, North America, Fintech, Tiger Global Management, Executive, Plangrid


Emergence’s Lotti Siniscalco and Retail Zipline’s Melissa Wong will join us on Extra Crunch Live

For all that’s said about fundraising and working alongside investors, rarely do we get to see founders and their investors in candid conversation with one another. Extra Crunch Live is changing that. On the weekly live show, we sit down with founders and the VCs who funded them to talk about how they came together on the deal, what stood out about the other party that led to their commitment and how they operate today. We also (usually) take a walk through their early pitch decks to get a feel ...
Tags: Startups, TC, Tech, Fintech, Emergence Capital, Advent International, ECL, Ribbit Capital, Melissa Wong, Extra Crunch Live Announcement, Lotti Siniscalco, Siniscalco, Whistic, Old Navy It


Lightyear is a new stock trading app from early Wise employees

Meet Lightyear, a new London-based startup coming out of stealth today. The company is building a stock trading app with a focus on creating a truly commission-free app. In addition to waving account fees and trading fees, Lightyear doesn’t charge foreign exchange fees either — up to a certain point. The two founders met when they were working at Wise — then known as TransferWise. That’s why it makes sense that Lightyear wants to stand out from the crowd with lower foreign exchange fees. Martin ...
Tags: Fundings & Exits, Startups, Mobile, Apps, Europe, London, Finance, Berlin, Tech, Trading, Skype, Stock Trading, Fintech, Cto, Sequoia, Taavet Hinrikus


Exxon Shakeup Shows Climate Activists’ Boardroom Power

A surprising coup sends a tremor through corporate America.
Tags: Technology, Law, Finance, Fintech, Exxon, Securities And Exchange Commission, Jonathan Wolf, ATL Finance, Finance Docket, Boardroom Power


Synctera raises $33M Series A to pair fintechs with banks

Synctera , which aims to serve as a matchmaker for community banks and fintechs, has raised $33 million in a Series A round of funding led by Fin VC. The raise comes just under six months after the fintech raised $12.4 million in a seed round of funding. New investors Mastercard and Gaingels also participated in the latest round, which included follow-on investments from Lightspeed Venture Partners, Diagram Ventures, SciFi Ventures and Scribble Ventures. Several angel investors put money i...
Tags: Google, Fundings & Exits, Startups, Uber, Finance, Funding, Articles, San Francisco, Startup, Tech, Diversity, Economy, Canada, Venture Capital, Bank, Api


Truebill raises $45 million for its personal finance app

Personal finance startup Truebill has raised a $45 million Series D funding round led by Accel. This comes just a few months after the company raised a $17 million Series C. Overall, the startup has raised $85 million since its creation. Existing investors Bessemer Venture Partners, Cota Capital and Eldridge Industries are also participating in today’s funding round. Truebill offers several tools to help people living in the U.S. take control of their finances. One of the app’s key features is t...
Tags: Personal Finance, Fundings & Exits, Startups, Finance, Tech, Fintech, Accel, Truebill, Haroon Mokhtarzada


Africa has another unicorn as Chipper Cash raises $100M Series C led by SVB Capital

Fintech in Africa is a goldmine. Investors are betting big on startups offering a plethora of services from payments and lending to neobanks, remittances and cross-border transfers, and rightfully so .  Each of these services solves unique sets of challenges. For cross-border payments, it’s the outrageous rates and regulatory hassles involved with completing transactions from one African country to another . Chipper Cash, a three-year-old startup that facilitates cross-border paymen...
Tags: Nigeria, Africa, US, Tech, Uganda, Iowa, Crypto, Kenya, SEC, Jeff Bezos, Fintech, Silicon Valley Bank, Cto, Central Bank of Nigeria, CBN, Nigeria South Africa


SVB-led $100M investment makes Chipper Cash Africa’s ‘most valuable startup’

Fintech in Africa is a goldmine. Investors are betting big on startups offering a plethora of services from payments and lending to neobanks, remittances and cross-border transfers, and rightfully so .  Each of these services solves unique sets of challenges. For cross-border payments, it’s the outrageous rates and regulatory hassles involved with completing transactions from one African country to another . Chipper Cash, a three-year-old startup that facilitates cross-border paymen...
Tags: Nigeria, Africa, US, Tech, Uganda, Iowa, Crypto, Kenya, SEC, Jeff Bezos, Fintech, Silicon Valley Bank, Cto, Central Bank of Nigeria, CBN, Nigeria South Africa


Goldman Sachs leads $45M investment into auto fintech startup MotoRefi

MotoRefi has raised another $45 million in a round led by Goldman Sachs just five months after investors poured $10 million into the fintech startup to help turbocharge its auto refinancing business. The startup developed an auto refinancing platform that handles the entire loan process, including finding the best rates, paying off the old lender and re-titling the vehicle. MotoRefi says using its platform saves consumers an average of $100 a month on their car payments, a goal achieved partly b...
Tags: TC, Transportation, Finance, Tech, Automotive, United States, Washington Dc, Goldman Sachs, Fintech, Bennett, Kevin Bennett, Car Loans, Auto Loans, CMFG Ventures, IA Capital, MotoRefi



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