TechCrunch

JULY 29, 2022

But say that you are burning $2 million in a quarter, and you are only adding $500,000 of net new ARR. 8 fintech VCs discuss the shifting investing landscape and how to pitch them in Q3 2022. What are fintech investors willing to bet on in this climate? Michael Gilroy, general partner and co-head of fintech, Coatue.

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Fintech .Net Software Review Windows 249

TechCrunch

AUGUST 13, 2023

In this week’s edition of The Interchange, we touch on the resilience of BaaS in a sometimes messy fintech space, earnings highlights, and much more. We are particularly excited this year because we have our very own Fintech Stage ! Christine Earnings A number of fintech companies released earnings in recent weeks.

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Fintech .Net Banking Insurance 246

TechCrunch

JANUARY 30, 2023

Marqeta has agreed to acquire two-year-old fintech infrastructure startup Power Finance for $223 million in cash, marking the first acquisition in the publicly-traded company’s 13-year history. In other words, it provides the tools for companies — fintechs and otherwise — to provide cards, wallets and other payment mechanisms.

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Fintech Retail Mobile Sustainability 278

TechCrunch

AUGUST 30, 2022

The fintech works with partner companies such as Twiga and MarketForce, which integrate its credit scoring APIs in their platforms to enable their customers to get real-time loan offers. The fintech is able to extend loans of up to $10,000 at single-digit interest rates, and a repayment period of one year. Image Credits: Pezesha.

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TechCrunch

AUGUST 17, 2021

This the story of one regulator, the Brazilian Central Bank, and how it has taken center stage in creating a framework that will have far-reaching effects across merchants and fintechs in this fast-growing Latin American nation.

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Fintech .Net Retail Banking 246

TechCrunch

JANUARY 19, 2021

Vise , a fintech firm that focuses on helping financial advisors rather than automating them out of existence, has today announced that it is bringing on Andrew Fong as its chief technology officer. Trillions are at stake in the retirement wars, and Vise nets $14.5M from Sequoia to manage it.

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CTO CTO Coach Fintech Recruiting 265

TechCrunch

DECEMBER 19, 2022

Fintech startup Vint thinks everyone should, and is hoping to facilitate this. for asset exits on a net annualized basis since inception. Interestingly, King thinks because he doesn’t come from the wine world is a plus — much more than a wine company, he envisions Vint as a fintech. Do you invest in wine and spirits?

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Fintech .Net Marketing Banking 241

TechCrunch

JANUARY 12, 2021

Visa and Plaid called off their agreement this afternoon, ending the consumer credit giant’s takeover of the data-focused fintech API startup. ” Given the fintech boom that 2020 saw , as consumers flocked to free stock trading apps and neobanks, that Plaid saw growth last year is not surprising. .”

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TechCrunch

MARCH 10, 2023

The current budget-constrained environment should be seen as a net positive by marketers,” he writes. “It It will force teams to think deeply about what’s absolutely necessary, which tools will add efficiency (or subtract from it).” but don’t have a work permit yet?

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TechCrunch

SEPTEMBER 21, 2022

Ivorian payments-led fintech startup Julaya has extended its pre-Series A round by $5 million. Ivorian fintech Julaya raises $2M to digitize business payments in Francophone Africa. Last July, Léopoldie said the fintech was processing more than $1.5 Byld Ventures, a $15M fund, backs fintechs in Africa. “I million monthly.

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TechCrunch

MAY 10, 2023

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 at BTV – Jake Gibson – and backed a cadre of fintech startups, including Chipper and Albert, each at $2.5

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TechCrunch

APRIL 13, 2022

We’re very focused on signing up net new large enterprise customers and DoorDash is the first of many, with lots to come,” Brex co-CEO and co-founder Henrique Dubugras said in an interview. My weekly fintech newsletter is launching soon! Fintech Roundup: Corporate spend just can’t be a winner-takes-all space.

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TechCrunch

AUGUST 4, 2021

But despite our general inclination to lump banking-focused fintech providers that serve consumers, business customers or both into a single bucket, there’s wide divergence in how the various neobank players are performing in the market. Back in August 2020, The Exchange noted that many neobanks were racking up steep losses.

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Marketing Fintech SMB .Net 260

TechCrunch

SEPTEMBER 14, 2021

Gillies credits COVID-19 with really hitting the digital “accelerator” and driving adoption for compliance tools, as fintechs and regulated businesses look to streamline their approach to customer on-boarding and risk monitoring. .” PassFort says its revenues grew ~2.5x over the past 12 months.

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.Net Compliance Policies Fintech 252

TechCrunch

AUGUST 9, 2021

Launched in February 2019, Kroo, the London-based consumer-facing fintech, raised some seed funding last year for its prepaid card service which claims to offer more “social features” in its drive toward offering full-blown banking services. B-Social, the UK fintech building a ‘social bank,’ raises additional £7.8M

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Banking Social Fintech .Net 253

TechCrunch

MARCH 15, 2022

Kenya-based fintech company 4G Capital , which provides unsecured credit to micro enterprises, has raised $18.5 Fintechs in Africa continue to overshadow all other startups in funding gained. International Development Finance Corporation, the Ford Foundation, Kenya’s Co-operative bank and high net-worth individuals.

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Fintech Banking .Net Marketing 217

TechCrunch

MARCH 29, 2022

Now, its insurance APIs are suited for businesses in other sectors, including fintech, e-commerce and logistics. Promises include : The company says its KYC/identity platform allows African fintechs and government bodies to capture a “wholistic, end-to-end verification of an individual.” Website : www.tryduplo.com.

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.Net CTO Banking Fintech 228

TechCrunch

FEBRUARY 3, 2022

I think it nets out to a changing market, but not one that has settled on a new level of risk tolerance. and that Mary Ann’s fintech newsletter is coming soon. The net is that some investors appear to be dialing back their appetite for high-priced startup rounds, while others are, well, not. What the heck does that mean?

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Fintech Banking Google Cloud Technical Review 224

TechCrunch

MAY 29, 2022

Welcome to The Interchange, a take on this week’s fintech news and trends. Rather than rehash all that here, I’ll point you to some of our recent articles on the topic and just summarize: The two fintech startups have recently grown (much) more competitive. It also reportedly posted net revenue of about $2.5 Weekly News.

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TechCrunch

MAY 13, 2021

Fintech startups set VC records as the 2021 fundraising market continues to impress. “He came from the streets of Atlanta, Georgia, and had to overcome so much in his life,” Agarwal told TechCrunch. Clarence is the type of person that when we started True, we wanted to fund. We admire his perseverance and grit to come to this point.”.

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.Net Retail Banking Fintech 248

TechCrunch

NOVEMBER 18, 2020

Again, comparing the company’s most recent quarter to its year-ago analog, Affirm’s net losses dipped to just $15.3 Affirm’s financials on a quarterly basis — located on page 107 of its S-1 if you want to follow along — give us a more granular understanding of how the fintech company performed amidst the global pandemic. million, $153.3

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Fintech .Net eCommerce Sustainability 284

TechCrunch

NOVEMBER 4, 2020

Merritt Hummer is a partner at Bain Capital Ventures, where she invests in the fintech, e-commerce and proptech sectors. Merritt Hummer. Contributor. Share on Twitter. Startups involved in B2B e-commerce such as Faire and Mirakl have burst out of the gates in 2020.

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TechCrunch

DECEMBER 10, 2021

revealing that the digital lender expected a net loss between $85 million and $100 million in the third quarter. The same employee also scoffed at the notion that Better lived up to its image of being a fintech where opportunities to grow were plentiful. Securities and Exchange Commission. This was untrue,” she said.

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Fintech .Net Culture Advertising 289

TechCrunch

JUNE 28, 2022

consumer fintech closed the first quarter with 22.8 million “net cumulative funded accounts,” up 100,000 from Q4 2021 and 4.8 Now, we cannot directly compare net-funded accounts with monthly active traders. However, it’s fair to note that we expect MTUs to work out to a fraction of net funded accounts.

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.Net Fintech Comparison Examples 229

TechCrunch

JANUARY 29, 2021

” The unicorn consumer fintech company halted trading in stocks like GameStop that had become the center of the trading storm yesterday, leading to frenetic accusations from incensed users that something nefarious was afoot. That’s a good showing for fintech, both startup and incumbent alike.

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Retail Fintech Fashion .Net 292

TechCrunch

MAY 12, 2022

More consolidation is apace in the world of payments: Nexi , the Italian fintech that scooped up rivals Danish-based Nets and then Italy’s SIA to create a $12.5 “Joining forces with the Nets / Nexi Group, a recognized European PayTech leader, allows us to take this mission to the next level.

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SMB .Net Strategy Banking 251

TechCrunch

FEBRUARY 1, 2021

In 2018, Carbon , a Nigerian fintech startup, made its financials public for the first time. Why this Nigerian fintech startup is volunteering audited financials. In recent memory, most of these startups play in the fintech and crypto-exchange space. It’s a tradition Dozie hopes the company will keep this year.

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Banking Insurance Fintech Technical Review 291

TechCrunch

AUGUST 2, 2021

The former commercial chief (Product, Sales and Marketing) at PayPal, he now leads fintech investing at Matrix Partners, where he also invests in consumer marketplaces and enterprise software. Fintechs could see $100 billion of liquidity in 2021. 2019 saw a stampede of fintech unicorns. Critical innovations in fintech.

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Fintech Mobile Network Banking 267

TechCrunch

SEPTEMBER 7, 2021

Founder and chief executive officer Tom Niparts told TechCrunch that Jeff had a net profitable second quarter and wasn’t planning on raising again, but investors were interested because of its strong growth since the beginning of the year. Jeff raises $1M to build alternative credit scoring and other fintech products for Southeast Asia.

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Comparison Fintech .Net Banking 246

TechCrunch

JULY 7, 2021

For instance, banks and fintech companies offer credit products in their apps thanks to partnerships with Younited Credit. In 2021, the B2B offering represented 30% of Younited Credit’s net banking income. Embedded finance might represent fintech’s future. Examples include N26, Lydia, Orange Bank and Fortuneo.

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Fintech Data Banking B2B 227

TechCrunch

JULY 16, 2021

Meanwhile, its net loss narrowed from $81.5 As such, it works with the flock of fintechs that are working to provide mortgages. “A Over its lifetime, Blend had raised $665 million before Friday’s public market debut. In filing its S-1 on June 21, Blend revealed that its revenue had climbed to $96 million in 2020 from $50.7

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Banking Fintech .Net Software 311

TechCrunch

NOVEMBER 20, 2022

Every week, I’ll take a look at the hottest fintech news of the previous week. There’s a lot of fintech news out there and it’s my job to stay on top of it — and make sense of it — so you can stay in the know. — Mary Ann. I know there are a ton of fintech-focused newsletters out there, so it really does mean the world.

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Fintech Banking Marketing Report 230

TechCrunch

JUNE 11, 2021

This week, the company is adding savings accounts thanks to a partnership with French fintech startup Cashbee. net of taxes. But Cashbee’s savings accounts aren’t net of taxes. But many people pay 30% in taxes on accrued interests, which means that you end up earning 0.42% in interests net of taxes with a Cashbee account.

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.Net Banking Fintech Retail 203

TechCrunch

AUGUST 8, 2023

Now two years later, despite a much different funding environment, especially for fintech startups , Endowus is announcing another round. Since TechCrunch last covered Endowus, it has launched more services like low cost passive index funds in Singapore and Endowus Private Wealth for high-net-worth individuals.

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Real Estate Fintech Banking .Net 246

TechCrunch

JANUARY 20, 2022

Plaid , a fintech unicorn known for its APIs that connect consumer bank accounts to financial applications, announced today that it is buying Cognito. Cognito is an interesting buy for Plaid, offering verification services for the fintech world, which is distinct from what its acquirer is best known for. More when we have it.

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Fintech Banking B2B .Net 248

TechCrunch

MARCH 1, 2023

The all-in-one fintech app Revolut has released its annual report for 2021. In addition to these basic banking features, the company offers a ton of fintech products — but more on that later. In 2021, Revolut reported a net income of $31 million (£26 million) vs. a net loss of $270 million (£223 million) in 2020.

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Report Banking Fintech .Net 232

TechCrunch

AUGUST 2, 2022

The fintech company is slashing 23% of its workforce , as first reported by the Wall Street Journal and confirmed by TechCrunch. Robinhood also today released its second quarter financials , revealing a 6% increase in net revenue of $318 million on a net loss of $295 million or 34 cents per diluted share.

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