Fintech

Singaporean investment app Syfe pulls in $27M to hasten growth in Asia Pacific

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The Asia Pacific region has long been an important market for wealth management firms with the plethora of developing economies and a burgeoning retail investment market. But there’s still a huge market to capture: About 40% to 45% of personal financial assets in the region are held in cash and deposits as of 2023, according […]

Singaporean investment app Syfe pulls in $27M to hasten growth in Asia Pacific Read More »

a16z-backed fintech Tally, which raised $172M in funding, is shutting down after running out of cash

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Tally, a nine-year-old fintech that helped consumers manage and pay off their credit card debt, has shut down, according to the company. In a LinkedIn post that was shared earlier Monday, founder and CEO Jason Brown said the “sad and difficult” decision to close Tally down was not the outcome the company had “hoped for,”

a16z-backed fintech Tally, which raised $172M in funding, is shutting down after running out of cash Read More »

Conduit’s cross-border payments expand from LatAm into Africa with $6M round

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Cross-border payments for businesses in emerging markets remain significantly untapped, despite small to large businesses using banks and legacy fintechs to transact trillions of dollars in transaction volume annually.  A report by Airwallex forecasts that the value of cross-border payments will grow by 60%, reaching $250 trillion by 2027. Between 2018 and 2022, the value

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Flourish Ventures on repeat founders, emerging markets, and when not to hop on the AI bandwagon

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In today’s episode of Equity Podcast, Mary Ann Azevedo talked to Flourish Ventures co-founders Tilman Ehrbeck, Emmalyn Shaw and Arjuna Costa about a variety of topics, including how their investment themes have evolved in the past five years and what trends they’re most excited about. We also got their opinion on M&A deals in fintech,

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Fintech Payoneer is buying 5-year-old global payroll startup Skuad for $61M in cash

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New York-based fintech Payoneer has acquired Skuad, a Singapore-based global HR and payroll startup, for $61 million in cash, the company exclusively told TechCrunch.  Payoneer said it could also pay up to another $10 million, contingent on if Skuad meets various performance goals within the first 18 months of the acquisition. Payoneer also committed to

Fintech Payoneer is buying 5-year-old global payroll startup Skuad for $61M in cash Read More »

Europe’s most valuable fintech, and which startups became unicorns this year

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Welcome to TechCrunch Fintech! This week, we’re looking at Revolut’s reported valuation hike, fintech unicorns, the Disrupt Fintech Stage, and more. To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Tuesday at 8 a.m. PT, subscribe here. The big story Revolut reportedly told staff last week of

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Stripe acquires payment processing startup Lemon Squeezy

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Payments giant Stripe has acquired a four-year-old competitor, Lemon Squeezy, the latter company announced Friday. Terms of the deal were not disclosed. As a self-proclaimed “merchant of record,” Lemon Squeezy calculates and pays global sales tax for digital products, handling legal processing and fees in every country. It primarily serves SaaS and software businesses. In

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Egypt’s MNT-Halan banks $157.5M, gobbles up a fintech in Turkey to expand

Fintech /

MNT-Halan, a fintech unicorn out of Egypt, is on a consolidation march. The microfinance and payments startup has raised $157.5 million in funding and is using the money in part to fund the acquisition of another fintech, Tam Finans, to expand into Turkey. Tam Finans provides financing to micro-enterprises and SMEs. It currently operates 39

Egypt’s MNT-Halan banks $157.5M, gobbles up a fintech in Turkey to expand Read More »