Fintech Checkout.com announced on Friday that it reached a $12 billion valuation as part of an employee stock buyback program. On the one hand, very few startups ever achieve decacorn status, so $12 billion is nothing to sneeze at. It’s a valuable enough company to have landed its founder and CEO Guillaume Pousaz on Forbes’ […]
Checkout.com’s new $12B valuation is a glass half-full situation Read More »
Jar, an Indian fintech startup that allows users to invest in gold, has turned profitable by helpinghelps millions of first-time savers use its app to build digital gold holdings. While many consumer fintechs focus on affluent urban users or credit products, Jar has gained traction by offering a culturally familiar asset — gold — as
Indian fintech Jar turns profitable by enabling millions to save in gold Read More »
Sam Ross, the co-founder and CEO of Numeral, came up with the idea for his sales tax compliance startup while traveling the world after having worked as a product manager at Airbnb. “This was early 2018, where you didn’t have remote work like you do today,” he told TechCrunch in an interview. Direct-to-consumer businesses were
Numeral raises $35M to automate sales tax with AI Read More »
Groww, India’s largest retail brokerage firm, is set to test the country’s public markets with a multi-billion-dollar IPO. The listing comes comes just over a year after the company restructured its corporate headquarters from Delaware back to India — a move that could make it the first Indian startup to list at home following a
It’s been a long road for the 20-year-old fintech Klarna to make it to an IPO. But on Wednesday, the company successfully landed on the New York Stock Exchange, having raised $1.4 billion, largely for its existing investors, rather than itself. The fintech giant sold shares at $40, above its announced range of $35 to
Klarna’s IPO pops, raising $1.4B, with Sequoia as the biggest winner Read More »
What a difference a changing regulatory environment makes. Roughly nine months after suggesting that a young copy trading platform could only operate because it flew “under the radar” of regulators, Robinhood has announced its own entry into the space with “Robinhood Social,” a new feature that will allow users to follow and manually replicate the
Robinhood embraces copy trading after warning competitors about regulatory risks Read More »
On Tuesday, Ramp answered any lingering questions as to why investors recently valued the expense management startup at $22.5 billion, just 45 days after a previous funding round valued it at $16 billion: the company says it has achieved $1 billion in annualized revenue. Annualized revenue refers to a company’s current revenue rate projected over
Ramp says it has hit $1B in annualized revenue Read More »
Swedish buy-now, pay-later (BNPL) startup Klarna and its shareholders are reviving its initial public offering, hoping to raise as much as $1.27 billion in a listing that would value the company at up to $14 billion. The company and some of its shareholders are together selling approximately 34.3 million shares between $35 and $37 each,
Klarna revives IPO plans, aims to raise $1.27B Read More »
Khalid Ashmawy remembers the first time he wired money home while studying in Europe. He had just received his monthly stipend as a master’s student in Stuttgart and wanted to send part of it back to his family in Cairo. It was usually a slow and expensive process, he recalled. A $400 wire transfer, for
Sustainability-focused fintech Aspiration was flying high a few years ago, attracting famous investors including Orlando Bloom, Leonardo DiCaprio, and Robert Downey Jr. Now, its co-founder will plead guilty to helping perpetuate a $248 million fraud scheme, according to U.S. attorneys. Joseph Sanberg, who was arrested in March, has agreed to plead guilty to two counts
Aspiration co-founder to plead guilty to $248M fraud scheme Read More »
