Spend management space sees a large raise, and layoffs, in the same week
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Muslims come into the frame in Southeast Asia’s fintech boom
Founded in 2014, Blossom Finance was first intended for Muslim entrepreneurs in the United States. The microfinancing platform connects investors with small businesses using mudarabah, a shariah-compliant profit-sharing agreement. But…
Read More »Korean fintech Kakao Pay to acquire majority stake in US brokerage firm Siebert
Kakao Pay, the online payment service of South Korean messaging and internet giant Kakao, announced that it has acquired a stake in Siebert Financial, a brokerage firm based in New…
Read More »Founded by Adyen and Affirm alums, Ansa aims to help merchants create virtual wallets for customers
Having the ability to load up a digital wallet to pay for goods and services at businesses you frequent, and then earn rewards for those purchases, would be convenient and…
Read More »Smile Identity expands African footprint with acquisition of Appruve to strengthen ID verification services
Smile Identity, a KYC compliance and ID verification partner for many African fintechs and businesses, has acquired Inclusive Innovations, the parent company of Appruve, a Ghanaian developer of identity verification…
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TC+ roundup: Pitch coaching from 5 VCs, Black founder funding options, 3 fintech flubs
Based on my conversations last week at TechCrunch Early Stage, VCs are very open to first-time founders who can demonstrate more than just enthusiasm. But deal-making is idiosyncratic: A few…
Read More »Fintech-focused VC firm Anthemis Group lays off 28% of staff as part of restructuring
Anthemis Group has completed restructuring that resulted in its letting go of 16 employees, or about 28% of its employees, earlier this year, the fintech-focused venture firm has confirmed to…
Read More »Shopify adds direct bill payments in bid to be a single-stop fintech for merchants
Shopify has teamed up with Israeli B2B payments startup Melio to launch a new bill pay tool designed to allow U.S.-based merchant customers to manage their expenses and vendors via…
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Early-stage fintech startups just got a new funding source
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Read More »Vesey Ventures closes on $78M debut fund to back early-stage fintech startups
After working together for nearly one decade, three former managing directors of Amex Ventures in early 2022 branched out to form their own fintech-focused venture firm, Vesey Ventures. The trio…
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