Welcome to TechCrunch Fintech! This week, we’re diving into: P.S. We’re taking time off for the holidays! TechCrunch Fintech scribe Mary Ann Azevedo will be back in your inbox on January 7. ❄️ The big story How stablecoin technology can power billions in cross-border transactions Juicyway is an African fintech that’s leveraging stablecoin technology to […]
This fintech processed $1B in payments through word-of-mouth Read More »
Getting paid in cryptocurrencies may sound like a bad idea, but this could be an actually useful feature for international contractors. Remote, the company that lets you hire people and manage contractors all around the world, is introducing crypto payouts on Tuesday. Companies based in the U.S. can start paying their contractors with stablecoins in
Remote enables USDC crypto payouts for contractors Read More »
Aye Finance, a lender targeting small- and medium-sized businesses in India, is seeking to raise $171 million from its initial public offering, it disclosed in a filing Tuesday. The offering comprises a $104 million fresh share issue and a $67 million secondary sale by existing investors. Proceeds from the IPO will be used to expand
Alphabet-backed Indian lender files for $171M IPO Read More »
Tyme Group, a South African-born fintech operating in the African country and the Philippines, has secured $250 million in a Series D round, pushing its valuation to $1.5 billion. The funding was led by Nu Holdings (which owns NuBank), Latin America’s most valuable fintech, which invested $150 million for a 10% stake. M&G Catalyst Fund
Nubank leads $250M round in African digital bank Tyme at $1.5B valuation Read More »
Financial advisors have a big hurdle when it comes to finding new clients: Cold outreach rarely works. Often, the only way to find a good prospect is to tap your network for warm intros, or trawl platforms like LinkedIn, Pitchbook or ZoomInfo in hopes of landing a meeting, which may or may not convert. Eden
YC-backed Finny is using AI to match financial advisors with prospects Read More »
Small and medium businesses are getting more love in the world of fintech these days, and one example of that is the growth of a startup out of Sweden. Mynt, which has built an AI-based platform for corporate cards and spend management catering to SMEs, has closed a round of €22 million ($23 million) on
Mynt raises a cool $23M on a $210M valuation to build a smarter expense card for SMEs Read More »
The Consumer Financial Protection Bureau announced Friday that it was placing Google’s payment arm under federal supervision. In response, Google filed a lawsuit seeking to block the move. Such supervision would subject Google to the same inspections that the bureau conducts with major banks and other financial institutions for potential violations of the law. The
Google pushes back against federal supervision of its payment arm Read More »
Paytm has agreed to sell its stake in Japanese payments firm PayPay to SoftBank for $279.2 million, as the Indian firm sheds non-core assets following a bruising regulatory clampdown earlier this year. The sale of Paytm’s stake in PayPay, which it received through acquisition rights six years ago, follows months of restructuring at the Indian
Paytm sells PayPay stake to SoftBank for $279.2 million Read More »
MobiKwik, an Indian financial services startup, has cut the size of its planned IPO for the third time, setting a price band of ₹265-₹279 ($3.1-$3.3) that values it at $250 million — down sharply from its last private valuation of $924 million in 2021. The Gurugram-based fintech, backed by Peak XV and ADIA, is seeking
MobiKwik downsizes its IPO for the third time Read More »
Michael Gronager, the co-founder of Chainalysis, has agreed to leave the company permanently, two months after taking a temporary personal leave of absence. Chainalysis, a buzzy 10-year-old, New York-based blockchain data platform, will now be led by co-founder Jonathan Levin, he told TechCrunch, explaining that on Tuesday, its board of directors gave him Gronager’s job.
Chainalysis permanently parts ways with its founding CEO Read More »
