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Founder alleges that YC-backed fintech startup is ‘copy-and-pasting’ its business

TechCrunch

Andy Bromberg, CEO of the a16z-backed startup Eco, is claiming that Pebble , another fintech startup that came out of stealth this morning, “plagiarized” Eco’s materials and business model. which our systems flagged as fraudulent. Well, we tracked it all. I’ve never seen anything like it.

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The fintech space continues to be competitive and drama-filled

TechCrunch

Every week, we’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 our job to stay on top of it — and make sense of it — so you can stay in the know. It becomes really complicated to set up all your financial systems on a country by country basis,” he added.

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Fintech startup Jeeves raises $180M, quadruples valuation to $2.1B in half a year

TechCrunch

Less than seven months after closing on a $57 million Series B , fast-growing fintech Jeeves has raised $180 million in a Series C round that values the company at $2.1 Financial technology companies raising multiple rounds in a short period of time has become more the norm than an exception as of late.

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11 ways to ensure IT-business alignment

CIO

They understand that their strategies, capabilities, resources, and management systems should be configured to support the enterprise’s overarching purpose and goals. Regular feedback and performance reviews involving both IT and business leadership are also critical for ongoing alignment.”

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Plaid lays off 20% of staff, CEO says the fintech company ‘hired and invested ahead of revenue growth’

TechCrunch

Fintech decacorn Plaid is laying off 260 employees, or about 20% of its workforce, the company announced today. In March, Plaid CTO Jean-Denis Greze told TechCrunch that he grew his engineering team 17.5x The simple reality is that due to these macroeconomic changes, our pace of cost growth outstripped our pace of revenue growth.

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Nigeria’s SeamlessHR raises $10M to expand HR and payroll solutions across Africa

TechCrunch

Its product suite includes an HR management system, performance and competency management, HR analytics, leave management, payroll management and recruitment management. CEO Emmanuel Okeleji and CTO Deji Lana didn’t build SeamlessHR from the get-go.

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Do you need another app to discover beautiful places when you travel?

TechCrunch

“Instagram is like an operating system for pictures. Other users review the posts before listing on the platform, either by upvotes or downvotes. They can also review others and earn redeemable points for helping build the community. Everything is happening on Instagram — travel, beauty, e-commerce.

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