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Nigerian fintech of the unbanked Bankly raises $2M led by Vault and Flutterwave

TechCrunch

In the absence of a banking system nearby or a disregard for one, the unbanked resort to these traditional systems because they work completely offline. In the absence of a banking system nearby or a disregard for one, the unbanked resort to these traditional systems because they work completely offline. Image Credits: Bankly.

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CodeSignal secures $50M for its tech hiring platform

TechCrunch

In less than a year after raising $25 million in Series B funding , technical assessment company CodeSignal announced a $50 million in Series C funding to offer new features for its platform that helps companies make data-driven hiring decisions to find and test engineering talent.

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Construction tech startups are poised to shake up a $1.3-trillion-dollar industry

TechCrunch

Allison Xu is an investor at Bain Capital Ventures, where she focuses on investments in the fintech and property tech sectors. As one of the least-digitized sectors of our economy, construction is ripe for technology disruption. A construction tech boom. Technology startups are emerging to help solve these problems.

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TaxDown banks ~$3M for tech that helps people get their taxes done

TechCrunch

Madrid-based TaxDown , which automates income tax filing by calculating regional deductions due to users so they don’t have to navigate complex tax rules themselves, has raised €2.4 ” “The tax filing process is far from being simple,” he goes on, explaining how its tech simplifies income tax filing in Spain.

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Productfy raises $16M to build the ‘Shopify of embedded finance’

TechCrunch

a banking-as-a-service (BaaS) platform that aims to build “DeFi for traditional finance,” has raised $16 million in a Series A round of funding led by CM Ventures. From a product architecture standpoint, Productfy has been built “from the ground up,” he said, to operate with multiple banking partners. Productfy Inc. ,

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Why fintechs are buying up legacy financial services companies

TechCrunch

Over just the last year or so, we’ve seen: In February 2020, LendingClub announced plans to acquire Radius Bank in a cash-and-stock transaction valued at $185 million. million in a deal that was designed to accelerate its acquisition of a national bank charter.

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One banks $40M to offer ‘all-in-one’ financial services to the middle class

TechCrunch

One, a startup that aims to bring “all-in-one banking” to the middle class, announced today that it has raised $40 million in a Series B round of funding. Over the past few years, he said, there have been a number of different fintech and bank products that people use to run their life “and they’re all starting to converge.”.

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