Fintech

Accel leads $4M investment in Egyptian corporate cards platform Swypex

Fintech /

Cards are gaining ground in Egypt, with over 30 million in circulation (prepaid cards, particularly, are seeing more use than debit and credit cards combined). This surge in card usage, about 14% in the last four years, is primarily due to the incentives introduced by fintech companies and banks, attracting millions of Egyptian consumers who […]

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Notable Capital’s Hans Tung on why founders need to play the long game

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Hans Tung, a managing partner at Notable Capital, formerly GGV Capital, has a lot of thoughts on the state of venture capital today. With $4.2 billion in assets under management, Notable evolved from 24-year-old cross-border VC firm GGV Capital, and Tung was around when GGV invested in the likes of Affirm, Airbnb, StockX, Square and Slack.

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Solo GP fund Andrena Ventures hopes to carry startup talent onto its next challenges

Fintech /

In the world of startups, it’s not uncommon to see talent from successful companies go on to found their own ventures. This is particularly evident in fintech in Europe, where alumni from unicorns like Monzo, N26, Revolut and others have started a flurry of new companies. Andrena Ventures, a solo GP (solo general partner) fund

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Stripe’s big changes, Brazil’s newest fintech unicorn and the tale of a startup shutdown

Fintech /

Welcome to TechCrunch Fintech! This week, we’re looking at Stripe’s big product announcements, a bump in valuation for a Brazilian fintech startup and much more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Sunday at 7:00 a.m. PT, subscribe here.  The big story Stripe announced that it will

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Chilean instant payments API startup Fintoc raises $7 million to turn Mexico into its main market

Fintech /

Open banking may be a global trend, but implementation is fragmented. The fintech startups doing the legwork to make it a reality in smaller markets could become M&A targets for incumbents like Visa. One of these is Y Combinator alum Fintoc, a B2B fintech startup that has raised a $7 million Series A round of

Chilean instant payments API startup Fintoc raises $7 million to turn Mexico into its main market Read More »

Paystand acquires Teampay to be DeFi version of ‘Venmo for B2B payments’

Fintech /

Paystand has acquired spend management software startup Teampay to create what the companies describe as a “no-fee B2B digital payment and spend powerhouse.” Financial terms of the deal were not disclosed. Teampay has raised $65 million since it was founded in 2016. The combined company services over 1 million businesses running on a commercial blockchain

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Stripe, doubling down on embedded finance, de-couples payments from the rest of its stack

Fintech /

Stripe continues to hold the title of being the biggest financial technology business still in private hands, with a current valuation of about $65 billion and a whopping $1 trillion in total processed payment volume last year alone. But fintech is fragmented and a fast-moving target, and with competitors chipping away at its place, Stripe is

Stripe, doubling down on embedded finance, de-couples payments from the rest of its stack Read More »

RBI bars Kotak Bank from adding new online customers and credit cards

Fintech /

India’s central bank on Wednesday ordered Kotak Mahindra Bank to immediately cease onboarding new customers via its online and mobile banking channels and to stop issuing fresh credit cards, citing serious deficiencies in the bank’s IT systems and risk management practices. Kotak Mahindra Bank is India’s fourth most valuable bank. It’s also one of the

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Fintech Fundid was shut down over interest rates and a strained cap table

Fintech /

Winding down a startup can be bittersweet for founders. In the case of Fundid, rising interest rates killed the business finance startup. But VCs and partners hurt it, too, founder Stefanie Sample says. TechCrunch profiled the company in 2022 when Sample raised $3.25 million in seed funding backed by fintech investor Nevcaut Ventures, The Artemis

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‘Send now, pay later’ startup Pomelo lands $35M Series A from secretive Vy Capital, Founders Fund

Fintech /

Pomelo, a startup that combines international money transfer with credit, has raised $35 million in a Series A round led by Dubai venture firm Vy Capital, TechCrunch has exclusively learned. Additionally, the company is announcing a $75 million expansion of its warehouse facility. Founders Fund and A* Capital also participated in the financing, along with

‘Send now, pay later’ startup Pomelo lands $35M Series A from secretive Vy Capital, Founders Fund Read More »