Fintech startup Ramp raises $300M at a 28% lower valuation of $5.8B
Fintech startup Ramp has raised $300 million in a funding round co-led by existing backer Thrive Capital and new investor Sands Capital at a post-money valuation of $5.8 billion. The…
Read More »Zanifu raises $11.2M to scale its inventory financing offering in Kenya
Zanifu, a Kenyan fintech providing inventory financing to micro, small and medium-sized businesses, has raised $11.2 million in debt-equity funding in a pre-Series A round led by Beyond Capital Ventures…
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A tale of two payments companies
Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. There was plenty going on as usual — with fintech investors sounding off,…
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TechCrunch+ Roundup: Reaching $1M ARR, tech job market rundown, women-led VC firms
A recent PitchBook study that surveyed founders from top accelerators found that they are generally interested in just three things: Learning how to operate a startup Networking with potential customers…
Read More »6 fintech investors sound off on AI, down-rounds and what’s ahead
At the height of the funding boom in 2021, no single sector enjoyed as much VC money as fintech startups did. But in 2023, it appears that fintech companies have…
Read More »Armed with new execs, dLocal rebounds from a short seller attack in a big way
Uruguayan fintech company dLocal saw its stock surge by over 30% on Wednesday on the news that the payments outfit had tapped former Mercado Libre CFO Pedro Arnt as its…
Read More »BNPL vendor Splitit moves to go private in exchange for fresh funds
As the buy now, pay later (BNPL) market continues on its slow decline, one of the major players, Splitit, is embarking on an effort to reorganize and pivot. Splitit today…
Read More »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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