“We are in a period of what I’ll call fintech maximalism,” says Chemistry founder and GP Mark Goldberg. “By that, I mean the companies that grew up in the last five to ten years in fintech, those that quietly executed through the winter of the 2021 to 2024 period, have emerged as compounders in a […]
We’ve entered an era of Fintech Maximalism according to Mark Goldberg Read More »
Ryan Breslow is officially back. While the founder of one-click checkout company Bolt re-assumed its helm as CEO in March, Breslow is unveiling Wednesday a new “superapp” that he hopes will formally mark his return as the fintech’s leader. He describes the new product as “one-click crypto and everyday payments” in a single platform, in
Albert Saniger, the founder and former CEO of Nate, an AI shopping app that promised a “universal” checkout experience, was charged with defrauding investors on Wednesday, according to a press release from the U.S. Department of Justice. Founded in 2018, Nate raised over $50 million from investors like Coatue and Forerunner Ventures, most recently raising
Thatch, a startup that aims to transform the health insurance experience for employers and employees alike, has raised $40 million in a Series B round of funding, it tells TechCrunch exclusively. Index Ventures led the financing, which included participation from existing backers Andreessen Horowitz (a16z), General Catalyst, SemperVirens, PeopleTech Partners, The General Partnership, and new
Thatch raises $40M to give employees more control of their health care choices Read More »
Djamo is one of several digital banking startups targeting Africa’s underbanked. But unlike many that focus on large markets like Nigeria, Egypt, or South Africa, Djamo has carved out a niche in Francophone West Africa, specifically the Ivory Coast and, more recently, Senegal. It now serves over one million customers across both countries. The Y
Y Combinator neobank Djamo raises $17M with 1M users across Francophone Africa Read More »
As it gears up to go public, Chime is going all in on new features in an effort to attract more customers. The digital bank is offering customers who agree to have their paychecks directly deposited into a Chime savings or checking account an APY of 3.75%, it tells TechCrunch exclusively. For those who don’t
IPO-bound Chime hopes to boost growth by paying higher interest rates Read More »
Prolific fintech investor and QED Investors co-founder Frank Rotman said Friday that he will transition to a partner emeritus role by year’s end to focus on founding his own startups. But those startups won’t necessarily be financial technology companies. In a post on X, Rotman – who helped start QED in 2007 – declared that
Mexico City-based Mendel has raised $35 million in a Series B round of funding, it tells TechCrunch exclusively. Corporate spend management platform Mendel last raised in December 2021 — a $15 million Series A round and $20 million in debt — after participating in Y Combinator’s Winter 2021 cohort. With this latest capital infusion, the
YC alum Mendel, a ‘Ramp for LatAm enterprises,’ raises $35M Series B Read More »
Digital banking startup Mercury has raised $300 million in primary and secondary funding at a $3.5 billion post-money valuation, the company confirmed to TechCrunch on Wednesday. The valuation is more than double the startup’s valuation when it last raised capital – a $120 million Series B round in 2021 that valued the company at $1.62
Fintech Mercury lands $300M in Sequoia-led Series C, doubles valuation to $3.5B Read More »
After hitting record lows at the start of the pandemic, mortgage rates began to climb in 2022 and haven’t come down significantly since. With 30-year mortgage rates hovering at over 6.5% today (they were as low as 2.49% in 2020!), buying a home is simply not that attainable for many people. One Denver-based startup is
