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Nigerian digital bank Carbon hit $240M in payments processed last year, up 89% from 2019

TechCrunch

The company’s annual reports reveal numbers on gross earnings, profit/loss before and after-tax, net impairment loss, total assets, liabilities, and equity, among others. Also, in its quest to become a digital bank, Carbon acquired a microfinance bank license. Image Credits: Carbon.

Banking 291
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Step 1 to becoming a business-savvy CIO

CIO

For example, if you are in banking, your organization is likely to measure itself by profitability ratios such as net interest margin (the difference between interest income generated and interest expenses) or PCL (provision for credit losses). Marketing and sales had measured success by how many new card accounts were opened.

Banking 276
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Thailand’s Salary Hero is an earned wage access startup that wants to add neobanking products

TechCrunch

The startup, which focuses on earned wage access and finance education, with plans to add neo banking products, too, announced today it has raised $2.8 Additionally, financial uncertainty and a lack of a financial safety net creates a lingering feeling of insecurity, and is the main cause of mental stress among workers.”

Banking 219
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Mission-driven ventures are growing fast during the pandemic

TechCrunch

You’ve heard of SPACs, meme stocks and buy now, pay later, but have you heard of the LTSE, First Women’s Bank and Upsolve? Whether they are and what net outcomes they yield for various stakeholders are useful questions. The binary views are reminiscent of those we saw during the ICO frenzy in 2018. Image Credits: LTSE.

.Net 221
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AgentSync lands consecutive rounds as insurtech booms

TechCrunch

The time frames around those metrics are slightly relaxed, but the raw growth underscores that AgentSync is on to something. That feels roughly correct, given the 4x-since-March metric, and the $1.9 Sabharwal founded the company with his spouse Jenn Knight and recently moved the company’s HQ to Denver from San Francisco.

.Net 197
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Shelf.io closes huge $52.5M Series B after posting 4x ARR growth in the last year

TechCrunch

The company announced an impressive set of metrics this morning, including that from July 2020 to July 2021, it grew its annual recurring revenue (ARR) 4x. And because the company wants to scale those hires quickly, it will need a large bank balance to lean on. That’s the case with Shelf.io.

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Employee engagement: 10 best practices for improving your culture

CIO

Doing surveys gives you a realistic metric for how employees feel. “An And don’t just read the AI summary or data readout, says Laura Merling, chief transformation and operations officer at Arvest Bank. Getting a quick Net Promoter Score [ NPS ] is great for this.” “That starts with an employee engagement survey.” It’s amazing.”

Culture 333