The Rise and Fall of Fundid: How Rising Interest Rates and Investor Pressure Led...
Learn from the cautionary tale of Fundid, a business finance startup that raised .25 million but ultimately faced closure. Rising interest rates and challenges with venture funding led to its downfall. Founder Stefanie Sample shares her personal experiences in this article, highlighting the difficulties faced by women in accessing capital. However, Sample's resilience has led to the launch of Pailor Capital, a new investment company focused on empowering women in business. Discover the lessons learned and the fresh start that aims to make a significant impact on gender equality.
Ramp Raises $150M at $7.65B Valuation, Mercury Expands into Personal Banking, Klarna Launches Credit...
Discover the latest news and updates in the fintech industry. Explore Ramp's impressive fundraising and valuation jump, Mercury's expansion into consumer banking, Klarna's new credit card launch, and global funding rounds. Stay informed on the evolving landscape of the fintech industry and the importance of technological advancements like AI. Adaptation and innovation are key for companies to thrive in this rapidly growing sector.
The State of Venture with Notable Capital’s Hans Tung: Why Down Rounds Still Make...
Learn about the state of venture capital and the significance of down rounds with Hans Tung, managing partner at Notable Capital. In this TechCrunch interview, Hans challenges the conventional wisdom surrounding down rounds and explains why they can still be a sensible investment strategy. Discover the data from PitchBook and Hans' impressive portfolio that supports his viewpoint. Hans also shares his bullish stance on the fintech sector and discusses the recent rebranding of Notable Capital. Embrace change and adapt your venture capital strategies to stay relevant in this ever-evolving industry. Read the full article for insights and expert advice.
Midas Raises $45 Million in Funding to Revolutionize Investing in Turkey
Discover how Midas, a fintech startup based in Turkey, raised an impressive million in funding led by Portage of Canada. Midas stands out in the retail investor market by offering a platform for investing in both U.S. and Turkish equities with lower transaction and commission fees. With over 2 million users, Midas has experienced rapid growth in a market with traditionally low capital market penetration rates. Find out how CEO Egem Eraslan and his team built their own infrastructure and intuitive user experience to address the lack of investment infrastructure in Turkey. Learn about Midas' plans to expand its product offerings, including cryptocurrency trading and mutual funds, as well as its aspiration to expand operations beyond Turkey to the Middle East and North Africa region
Indian Fintech Startup CRED Receives In-Principle Approval for Payment Aggregator License
Meta Description: CRED, the Indian fintech startup valued at .4 billion, has received in-principle approval for a payment aggregator license from the Reserve Bank of India. This approval allows CRED to process payments directly, reduce costs, and onboard merchants, enhancing its services and customer experience. Learn more about how this license strengthens CRED's position in the market and promotes healthy competition in the fintech industry.
Ramp Raises $150M at $7.65B Valuation, Plans to Triple Down on AI Innovation and...
"Ramp Raises 0 Million in Funding Round, Achieving .65 Billion Valuation | TechCrunch Fintech" Discover how spend management startup Ramp secured 0 million in its latest funding round, led by Khosla Ventures and Founders Fund, with participation from Sequoia Capital and others. With a post-money valuation of .65 billion, Ramp plans to enhance its AI capabilities, automate processes, and expand through strategic acquisitions. Learn how Ramp's rapid growth and focus on AI have attracted investors and positioned the company as a leader in the fintech space. Stay informed with TechCrunch Fintech for the latest updates on the industry.
Addressing Market Dominance: NPCI Engages with Fintech Startups to Boost UPI Transactions
Looking to address the dominance of PhonePe and Google Pay in India's Unified Payments Interface (UPI) ecosystem, the NPCI is meeting with fintech startups to discuss strategies for increasing UPI transactions. With concerns raised about market share concentration, the RBI and parliamentary panel are advocating for alternatives and a more level playing field. By promoting competition, offering incentives, and engaging with emerging players, the NPCI aims to foster innovation and benefit Indian consumers. Read more to learn about the efforts to create a more diverse and competitive payments landscape in India.
Google Wallet Set to Launch in India: What You Need to Know
Discover Google Wallet's upcoming launch in India, two years after its relaunch in the U.S. Speculation arose after an accidental preview on the Google Play store, leaving users confused. Unlike other markets, Google will maintain Google Pay as a separate app in India, focusing on convenience and security. The Indian version of Google Wallet is expected to have local integrations and potential partnerships with Indian brands. Although not officially available, some Android users have reported limited functionality. Get ready for a localized experience catered to Indian consumers, enhancing convenience and security in digital payments.
Fintech Companies Serving the Underserved: PayJoy’s Revenue Milestone and Petal’s Acquisition Plans
Stay informed about the latest developments in the fintech industry with TechCrunch Fintech! Learn about PayJoy's success in achieving positive unit economics and financial inclusion, as well as Petal's acquisition by Empower Finance. Discover TransferGo's expansion into the Asia-Pacific region and the decline in Latin American representation in Y Combinator's latest batch. Plus, explore other noteworthy headlines in the fintech sector. Don't miss out on the opportunities and challenges in this dynamic industry. Read more now!
How Slice aims to simplify equity distribution and tracking for companies
Discover how Slice, a new startup based in Tel Aviv and San Francisco, is revolutionizing equity distribution and tracking for companies. With its AI-powered platform, Slice aims to simplify global equity management by automating the creation, issuance, tracking, and monitoring of equity awards while ensuring compliance with applicable regulations. Learn how Slice's platform contains data on 23 countries' regulations and can generate tailored documentation for each region, with plans to expand to 100 countries by the end of the year. Find out how Slice's generative AI-powered chatbot, MySlice Chat, allows employees to ask personalized questions about their equity, and how integrating with popular workplace apps streamlines equity management tasks. Discover how Slice has already saved companies money by catching mistakes in equity award