Kenya’s fintech Power set to scale after $3M seed round
After working in Africa’s microfinance space for seven years, including at Botswana’s Letshego, Brian Dempsey took a break in 2020 to build Power Financial Wellness, operating out of Kenya. Dempsey…
Read More »Singapore-based neobank Aspire raises $100M from Lightspeed and Sequoia SEA
Aspire, the Singapore-based neobank that wants to become the financial operating system for SMEs, has raised an oversubscribed $100 million Series C round. Investors included Lightspeed and Sequoia Capital SEA,…
Read More »Is this the end of the BNPL boom?
When the economy was booming, the buy now, pay later space thrived. But as inflation and interest rates climbed, consumer-focused players in the space have struggled with increased defaults amid…
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Highbeam secures $10M loan to provide credit, spend monitoring and more to e-commerce retailers
Highbeam, a startup that provides banking features, credit and cash flow insights to e-commerce customers, today announced that it raised $10 million in debt from TriplePoint as it looks to…
Read More »AI comes to expense reports
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Read More »Sequoia Capital Southeast Asia backs cross-border payments startup Tazapay
The rise in open banking and payment services like India’s UPI and Singapore’s PayNow means lower costs for businesses, as well as new payment options for hundreds of millions of…
Read More »Atlantic Money launches its cheap foreign exchange service across Europe
Fintech startup Atlantic Money is rolling out its international money transfer service to more markets and more platforms. The company originally started in the U.K. with GBP as the base…
Read More »Affirm’s stock plunges as it misses earnings, cuts 500 jobs and shutters crypto unit
Citing economic turbulence, buy now, pay later giant Affirm announced today that it is reducing its staff by 19%, or about 500 employees, and shutting down its crypto unit. That…
Read More »Edtech reacquaints itself with fintech
Amy Jenkins left her post at Outschool, a marketplace for live online classes for kids, when the company decided to focus more on consumers and less on the enterprise —…
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Even well-funded fintech companies are laying off workers
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