Peak XV eyes $50M investment in former Edelweiss executives’ Neo
Peak XV Partners is in advanced stages of deliberations to lead or fully finance a funding round in Neo Group, an asset management and financial advisory firm, three sources familiar…
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Finofo secures funding to challenge traditional forex with automated solution
Exchange rate volatility has long been a major headache for cross-border businesses. Historically, companies have sought protection by purchasing foreign exchange (FX) insurance or options, but most of these financial…
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Brex expands into group events while Mesh Payments moves into travel
As the spend management space continues to get more competitive, the various players seem to be constantly iterating to add new features to their products. Today, fintech startup Brex announced…
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Disrupt is around the corner — Here are the fintech players taking the stage
In this week’s edition of The Interchange, we touch on the resilience of BaaS in a sometimes messy fintech space, earnings highlights, and much more. If you want to receive…
Read More »It’s official: Better.com is going public
We didn’t think we’d see the day. Digital mortgage lender Better.com’s proposal to combine with Aurora Acquisition Corp. via a SPAC (special purpose acquisition) has been approved by shareholders, the…
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Visa’s new head of fintech talks partnerships, venture and creators as an addressable market
The relationship between fintechs and incumbents has long been fraught with tension. But Marie-Elise Droga believes it doesn’t have to be this way. Droga joined payments giant Visa as SVP,…
Read More »Singapore wealth management platform Endowus raises $35M
Back in 2021 and early 2022, there was a flurry of VC interest in Southeast Asian investment apps. One of them was Singapore-based Endowus, which raised two rounds in rapid…
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Chargeflow, which taps AI to fight chargebacks, raises $14M
Chargeflow, a startup using AI to fight chargeback fraud, today announced that it raised $11 million in a seed round led by the VC firm OpenView Venture Partners. The tranche…
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How a frugal approach helped land Lula more runway amid a market downturn
It was an eventful week in fintech startup land, and we did our best to capture the highlights. We covered some raises, new product lines, at least one M&A deal…
Read More »SEC ends investigation into Better.com, which continues to bleed cash ahead of planned SPAC vote
The U.S. Securities and Exchange Commission (SEC) said it does not intend to recommend an enforcement action against digital mortgage lender Better.com. The pronouncement comes after an investigation on the…
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