Fintech

Irish fintech NomuPay lands $40M at a $290M valuation from SoftBank

Startups /

As global trade evolves, there’s an increasing demand for diverse cross-border payment options. That’s why an Irish-based fintech startup called NomuPay has raised $40 million in a Series C round from SB Payment Service (SBPS), a subsidiary of Japanese telco giant SoftBank Corp, at a valuation of $290 million. NomuPay makes it easier for merchants […]

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Karat Financial is bringing business banking to creators

Fintech /

Karat Financial, the company known for its credit cards for creators, is launching a creator-focused business banking product. Powered by digital bank Grasshopper, Karat’s banking product is a natural extension of its credit card offering with Visa. “Six years in, the problem we’re solving is still the same,” co-founder and co-CEO Eric Wei told TechCrunch.

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Brex partners with former competitor Zip, with an eye on reducing cash burn to get to an IPO

Fintech /

Brex has once again made the surprising, but perhaps realistic, decision to partner with another one-time competitor. This time Zip, the CEOs of both companies told TechCrunch exclusively.  In April 2022, fintech Brex announced it was making “a big push” into both the enterprise and software. The news was notable considering that Brex originally was

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Congressman is investigating fintech Ramp’s attempt to win $25M federal contract

Startups /

Rep. Gerald Connolly, ranking member of the U.S. House Oversight Committee, has initiated an investigation into whether expense management startup Ramp is receiving preferential treatment in its bid for a $25 million government contract. Connolly sent a letter to the General Services Administration (GSA) Acting Administrator, Stephen Ehikian, demanding information and documents related to the

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Stripe unveils AI foundation model for payments, reveals ‘deeper partnership’ with Nvidia

Fintech /

Fintech giant Stripe announced Wednesday a slew of new product launches at its annual Stripe Sessions user event. The highlights include: a new AI foundation model for payments; stablecoin-powered accounts; a new Orchestration offering, and a recent migration with chip behemoth Nvidia. Stripe’s payments foundation model has been trained on tens of billions of transactions,

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Flex acquires a16z-backed Maza for $40M as fintech M&A heats up

Startups /

Flex, a startup that offers personal finance software for business owners, has acquired Maza, a finance app aimed at Spanish speakers in the U.S., for $40 million, the companies told TechCrunch exclusively. At first glance, the pairing may seem a bit curious. Flex’s software and payments infrastructure is to help business owners have a single

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Alpaca raises $52M Series C to take its API brokerage platform to new markets

Fundraising /

For all the turmoil these days, the U.S. stock market remains extremely attractive to investors around the world, simply because of its sheer size and liquidity. But it’s still quite difficult for investors in other parts of the globe to trade stocks on U.S. exchanges. A San Mateo-based startup called Alpaca has quietly capitalized on

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Froda secures $23M Series B for its debt financing platform for SMEs

Fundraising /

Swedish Fintech startup Froda has secured a $22.7 million (€20 million) Series B round led by Incore Invest, also based in Sweden. The move bucks the trend of a slight slowdown in investments into fintech, plus a further confirmation of the long-term trend towards the ’embedded finance’ model.  Largely operating in northern European countries from

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Ramp is trying to get the US government as a customer after seeing a tweet from DOGE

Fintech /

Expense management startup Ramp is being considered for a charge card pilot program by the U.S. government’s General Services Administration, the company confirmed to TechCrunch on Thursday. The government’s internal expense card program, dubbed SmartPay, is a $700 billion program. It is estimated that the charge card pilot program contract for which Ramp is being

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Rippling wants UK fintech Revolut to reveal who paid off Deel’s alleged ‘spy’

Startups /

Another highly-valued startup has just been added to the mix in the ongoing legal drama between Rippling and Deel: U.K. fintech giant Revolut. In his blockbuster affidavit that reads like it’s straight out of a movie, Irish Rippling employee Keith O’Brien claimed that he was paid about $6,000 a month to spy on Rippling. He

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