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BaaS startup Synctera raises $15M, signs Bolt as a customer

Fundraising /

The banking-as-a-service space took a hit last year when Synapse collapsed. But that hasn’t stopped BaaS startup Synctera from raising another $15 million in funding, it tells TechCrunch exclusively. Synctera works to provide companies “of all shapes and sizes with everything they need to launch and operate fintech and embedded banking products,” including: accounts, cards, […]

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The sibling founders of Stax Payments are back with a new fintech and a $20M seed raise

Fintech /

Worth, a company focused on helping fintechs, banks, and enterprises underwrite small and medium-sized businesses more easily, has raised $20 million in a seed funding round, the startup tells TechCrunch exclusively. It’s a large seed round, especially these days when capital is harder to come by. But the founders’ history may have something to do

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General Fusion fires up its newest steampunk fusion reactor

Startups /

General Fusion announced on Tuesday that it had successfully created plasma, a superheated fourth state of matter required for fusion, inside a prototype reactor. The milestone marks the beginning of a 93-week quest to prove that the outfit’s steampunk approach to fusion power remains a viable contender. The reactor, called Lawson Machine 26 (LM26), is

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Zolve, a neobank for global citizens moving to the US, raises $51M and secures $200M debt

Fintech /

Zolve, a neobank that helps provide financial access to high-skilled and high-spending global citizens moving to the U.S., has raised $251 million in a new (equity and debt mix) funding round as the startup aims to expand its presence and enter new geographies. Every year, millions of highly skilled people move to countries like the

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Some say passkeys are clunky — this startup wants to change that

Security /

Passwords are ubiquitous, despite not being foolproof and cannot alone protect your online identity. Almost one-third of data breaches reported over the past decade happened due to stolen credentials, per Verizon, including some of the biggest breaches of all time. Instead, the industry has largely found passkeys arguably the most prominent solution to replace passwords.

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Equator closes $55M fund to bring more private capital to African climate tech

Climate /

African venture capital firm Equator has raised $55 million for its first fund, which will back climate tech startups through one of the most difficult and often overlooked phases in their journey: the early stage. Climate tech startups in African countries have to navigate a tougher funding landscape than their counterparts in more developed economies,

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Infinite Uptime bags $35M to help factories optimize equipment usage

Startups /

Infinite Uptime, an Indian startup that offers predictive maintenance solutions for factories, has raised $35 million in a Series C funding round to expand its footprint in the U.S. and other markets. The manufacturing industry has lagged many industries in its adoption of tech, and much of the world’s heavy industry still depends on machines,

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Daqus Energy has a plan to make EV sports cars fast, light, and cheap

Fundraising /

Cheaper, lighter, and denser: the trifecta defines an ideal battery. No one has devised a perfect cell quite yet, but one stealthy startup thinks it has found a new material that solves at least two of those challenges. Daqus Energy has been quietly operating for the past couple years, refining a compound known as TAQ

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