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Mexico’s fintech success: How tech is driving the population to banking

TechCrunch

Earlier this month, Citibanamex — Mexico’s second-largest bank — announced that it is building new APIs to allow fintech companies real-time access to information like its services and ATM locations. The move comes as Mexico’s fintech ecosystem flourishes so fiercely that traditional banks have to embrace them or risk lagging behind.

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For Fintech, 2024 Was A Year of Hype, Hustle and Hard Truths. What’s Next In 2025?

Crunchbase News

By Katherine Maslova This has been a year of rapid progress and high expectations for the fintech sector. So, despite being a sector with a strong concentration of AI leaders, fintech like 74% of companies across industries struggles to scale value. There’s also been lots of buzz and hard, painful truths learned.

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TechCrunch+ roundup: SaaS burn multiples, 8 fintech VCs spill the tea, all my apes gone

TechCrunch

Despite the ongoing correction in the public markets, mass layoffs in the tech sector and high inflation, U.S. 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. Walter Thompson.

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Rise Of AI Drives US Growth In New Unicorns

Crunchbase News

The AI sector led the surge, followed by fintech and healthcare, and a majority of the new unicorns were five years old or younger. That increase was due in large part to U.S. The most valuable new 2024 unicorn company from China is Huawei Technologies smart car subsidiary Yinwang Smart Technology , valued at $16 billion.

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Daily Crunch: Mos evolves from fintech into challenger bank, as early users start post-college lives

TechCrunch

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. Big Tech Inc. We’ll find out.

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6 VCs share advice for laid-off tech workers planning to launch startups

TechCrunch

Many tech workers have never experienced a job market like this one. Last year, 1,044 tech companies let go of 159,786 employees, according to Layoffs.fyi. I surveyed six seed- and early-stage investors to get their tactical advice for laid-off tech workers who are thinking about starting up. “IP is important to us.

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YC W22 batch nets 24 African startups, including 18 from Nigeria

TechCrunch

Given Sudan’s very nascent tech ecosystem — Bloom is the country’s second venture-backed startup in over 30 years and YC’s first in the country — it’ll be interesting to see if the startup, with heavyweight founders, can achieve success and open up the Sudanese tech ecosystem. Website : [link].

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