Fintech

Lux Capital made its first investment in Brazil, a $4M seed for AI fintech Magie

Fintech /

Brazil fintech Magie raised $4 million in a seed round led by Lux Capital, marking the firm’s first investment in Brazil. The company, which has raised $5.1 million in total, is creating an AI-powered financial assistant. The current product allows people to send money and pay bills through WhatsApp.  For cofounder Luiz Ramalho and Lux […]

Lux Capital made its first investment in Brazil, a $4M seed for AI fintech Magie Read More »

Fintech shutdowns, Klarna’s move into banking and which companies are hiring

Fintech /

Welcome to TechCrunch Fintech! This week, we’re looking at the respective demise of Tally and Score, plus examining Klarna’s latest business move. We also have a list of fintech companies that are looking to add headcount. To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Tuesday at

Fintech shutdowns, Klarna’s move into banking and which companies are hiring Read More »

Pakistan’s PostEx to enter new markets, starting with Saudi Arabia

Fintech /

Pakistani startup PostEx, offering financial and logistics services to online merchants, is set to enter new markets, beginning with Saudi Arabia this year, TechCrunch has exclusively learned. “We want to go into other markets to really disrupt them because we see the gap,” said Muhammad Omer Khan, founder and CEO of PostEx, in an interview.

Pakistan’s PostEx to enter new markets, starting with Saudi Arabia Read More »

Amazon considers moving Amazon Pay into a standalone app in India

Fintech /

Amazon is considering shifting its payments offerings in India into a standalone app, three sources familiar with the matter told TechCrunch, as the e-commerce giant aims to boost usage of Amazon Pay in the country. Amazon Pay is currently housed within the company’s primary e-commerce app in India, and lets users transfer money to individuals

Amazon considers moving Amazon Pay into a standalone app in India Read More »

Waza comes out of stealth with $8M to power global trade for African businesses

Fintech /

Emerging economies face trade deficits that cause demand for the dollar, which dominates global trade to exceed supply. This imbalance raises costs and delays trade. In Africa, the problem is exacerbated by the shortage of tech solutions addressing the liquidity needs of large enterprises and multinationals, with many cross-border payment platforms opting to build consumer-facing

Waza comes out of stealth with $8M to power global trade for African businesses Read More »

AI for landlords, Grok-2 unleashed, and the latest attempt at AI regulation

Fintech /

There was lots going on in startup-land, as always, and the Equity crew had a blast breaking it all down. Kirsten Korosec, Mary Ann Azevedo and Devin Coldeway kicked off this Friday’s episode of TechCrunch’s Equity podcast with a discussion of WeRide, a Chinese autonomous vehicle startup, seeking an initial public offering in the United

AI for landlords, Grok-2 unleashed, and the latest attempt at AI regulation Read More »

TipRanks, an AI-based stock tip evaluator created after its founder got burned by bad advice, sells for $200M to Prytek

Fintech /

Financial chatter has been a major traffic spinner on social media, but it can be challenging (if not impossible) to separate useful signals from the noise. A company called TipRanks uses AI and other analytics to try to make better sense of all that. And now, on the back of its growing popularity, it is

TipRanks, an AI-based stock tip evaluator created after its founder got burned by bad advice, sells for $200M to Prytek Read More »