As we approach the final stretch before TechCrunch’s biggest event of the year — one of the most highly anticipated tech conferences for startups and VCs alike — let’s take a look at the top five reasons you won’t want to miss Disrupt 2024, set to take place at Moscone West in San Francisco from […]
5 Big reasons to attend Disrupt 2024 Read More »
LoanSnap, an AI-powered mortgage startup, has had its license to operate revoked in Connecticut, according to the state’s Banking Commissioner. This occurred after LoanSnap violated a consent order it had entered into with the Department of Banking in May. The department revealed Tuesday that its consumer credit division opened an investigation that found multiple violations
AI mortgage startup LoanSnap loses license to operate in Connecticut Read More »
Fledgling fintech startup OpenBB is revealing the next step in its plans to take on the heavyweights of the investment research world. The company is launching a new, free version of a product that will open its arsenal of data and financial tooling to more users. OpenBB is the handiwork of software engineer Didier Lopes,
Fintech OpenBB aims to be more than an ‘open source Bloomberg Terminal’ Read More »
Last month, Flutterwave, Africa’s most valuable startup, appointed Mitesh Popat as its new chief financial officer. The company, valued at $3 billion when it raised a Series D in 2022, appointed Popat after the resignation of Oneal Bhambani, who stepped down ten months ago for personal reasons. Bhambani joined Flutterwave in mid-2022, during a turbulent
Flutterwave’s chief on the company’s executive hires, product focus, and IPO plans Read More »
Klarna, the Stockholm-based buy-now-pay-later outfit that’s barreling toward an IPO, isn’t done shaking up its board. According to the FT, seven directors just agreed to oust investor Mikael Walther from Klarna’s eight-person board, nearly eight years after he joined it. Walther is a confidante of Klarna co-founder Victor Jacobsson, who remains a major shareholder and,
Klarna is about to oust another board member Read More »
These days, private investors have a range of options for investing in startups without having to deal with them in real life. This ecosystem more or less started with AngelList, but there are now a plethora of options — such as Carta, Allocations, Vauban and Odin — that startups can use to raise funding and
Quoroom acquires Investory to scale up its capital-raising platform for startups Read More »
Google is leveraging India’s deep-rooted affinity for gold to expand its reach in the lending market of the world’s most populous nation. The company said on Thursday that Google Pay has partnered with Muthoot Finance, India’s largest gold-backed loans provider, to offer secured loans to users across the country. Google said the move aims to
Google taps India’s love for gold to boost its credit play Read More »
Starling Bank, a popular challenger bank based in the U.K., has received a £29 million fine from the country’s financial regulator (around $39 million at current exchange rates). The Financial Conduct Authority (FCA) found the startup didn’t have proper financial crime controls from 2021 to 2023. Starling has been around for more than a decade.
Starling Bank fined $39 million for ‘facilitating financial crime’ Read More »
When the U.S. Feds cut interest rates by half a percentage point last week, it was a dash of good news for venture capitalists backing one particularly beleaguered class of startups: fintechs, especially those that rely on loans for cash flow to operate their businesses. These companies include corporate credit card providers like Ramp or
Lending startup Figure announced today a rollout of AI tooling to make the home lending process more efficient. The company will be launching an AI tool powered by GPT-4 to help catch errors in lending documents. Figure, founded in 2018, specializes in helping consumers secure home equity lines of credit. The company touts that its
