Fintech

Paytm loss widens and revenue shrinks following regulatory clampdown

Fintech /

Paytm’s loss widened even as revenue declined by 36% year-on-year as the once-poster star of Indian startup ecosystem continues to grapple with the Reserve Bank of India’s clampdown that significantly curtailed the payments bank business unit.  The Noida-headquartered firm’s loss more than doubled to $100 million in the quarter ending June, it disclosed Friday. The […]

Paytm loss widens and revenue shrinks following regulatory clampdown Read More »

Matera raises $100M from Warburg Pincus to help the US catch up to Brazil in instant payments

Fintech /

To say that Pix, the instant payment system created by the Central Bank of Brazil, has been a resounding success is an understatement. With Pix, money moves directly between core banking systems of different financial institutions. Adoption has been widespread and ubiquitous. The country’s residents have the ability to even pay street vendors using the

Matera raises $100M from Warburg Pincus to help the US catch up to Brazil in instant payments Read More »

Sequoia bets big on Stripe, LatAm fintechs clean up and one African startup’s outsized Series A

Fintech /

Welcome to TechCrunch Fintech! This week, we’re looking at Sequoia Capital’s effort to give its LPs liquidity on the firm’s investments in Stripe, how LatAm fintechs are still catching investors’ attention, a sizable Series A from an African startup, and more. To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to

Sequoia bets big on Stripe, LatAm fintechs clean up and one African startup’s outsized Series A Read More »

Caliza lands $8.5 million to bring real-time money transfers to Latin America using USDC

Fintech /

Real-time payments are becoming commonplace for individuals and businesses, but not yet for cross-border transactions. That’s what Caliza is hoping to change, starting with Latin America. Founded in 2021 by American entrepreneur Ezra Kebrab, who now lives in São Paulo, Brazil, Caliza offers an alternative to transfers made via SWIFT, which are the norm in

Caliza lands $8.5 million to bring real-time money transfers to Latin America using USDC Read More »

Synapse’s collapse has frozen nearly $160M from fintech users — here’s how it happened

Fintech /

The collapse and bankruptcy of BaaS fintech Synapse has revealed how treacherous things are for the often-interdependent fintech world when one key player hits trouble.  Synapse operated a service that allowed others (mainly fintechs) to embed banking services into their offerings. For instance, a software provider that specialized in payroll for 1099 contractor-heavy businesses used

Synapse’s collapse has frozen nearly $160M from fintech users — here’s how it happened Read More »

Uzbekistan mobile bank TBC raises $38.2M to expand its financial products

Fintech /

Uzbekistan’s only mobile-exclusive bank, TBC Bank Uzbekistan, owned by London Stock Exchange-listed TBC Bank Group, has raised $38.2 million in a fresh equity investment. It plans to expand its local presence in the country and introduce new financial products, as well. TBC Bank Group has led the latest funding in TBC Bank Uzbekistan by infusing

Uzbekistan mobile bank TBC raises $38.2M to expand its financial products Read More »

Should venture capitalists be held accountable when startups screw up?

Fintech /

Welcome to TechCrunch Fintech! Last week was a holiday in the United States, so news was a bit lighter than normal. But there was still fintech-related items to report, including the ongoing drama around Synapse and partner Evolve Bank, Revolut’s record year and more. To get a roundup of TechCrunch’s biggest and most important fintech

Should venture capitalists be held accountable when startups screw up? Read More »

Jesse Pollak will tell us why Coinbase is launching its own Base blockchain at TechCrunch Disrupt 2024

Fintech /

Last year, Coinbase launched Base, its own layer-2 blockchain. It’s an ambitious project that could profoundly change not only Coinbase, but also the entire cryptocurrency industry. That’s why we’re excited to invite Jesse Pollak to TechCrunch Disrupt 2024. He’s head of protocols at Coinbase. And more importantly, he’s also the creator of Base. When Coinbase

Jesse Pollak will tell us why Coinbase is launching its own Base blockchain at TechCrunch Disrupt 2024 Read More »

Investors chase wealthtech startups in India as affluent class grows

Fintech /

Investors are betting on Indian wealthtech startups as a growing middle class turns to diversify investments and startups challenge traditional financial advisors for high-net-worth clients. Premji Invest is in advanced stages of talks to lead a funding round of $30 million to $40 million in Dezerv, an app offering a suite of investment solutions to

Investors chase wealthtech startups in India as affluent class grows Read More »

Meet Brex, Google Cloud, Aerospace and more at Disrupt 2024

Fintech /

We’re about four months away from TechCrunch Disrupt 2024, taking place October 28 to 30 in San Francisco! We could not bring you this world-class event without our world-class partners — some of the startup ecosystem’s leading tech companies. Why? They show up armed with their expertise, educational resources and connections. They present sessions on

Meet Brex, Google Cloud, Aerospace and more at Disrupt 2024 Read More »