Fairbanc provides BNPL for micro-merchants in Indonesia
“Buy now, pay later” (BNPL) startups have gained traction by targeting consumers, but BNPLs for businesses are also starting to take off. One example is Fairbanc, which is based in…
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TomoCredit raises $22M at a $222M valuation toward its goal of making credit scores ‘obsolete’
When Kristy Kim started TomoCredit in early 2019, she was on a mission to help international students more easily obtain credit. Three and a half years later, that mission has evolved….
Read More »Stripe’s new and lower internal valuation, explained
Stripe has been in the news this past week for lowering its own valuation to around $74 billion from $95 billion, a 28% decline that made waves in startup-land. Given…
Read More »OK, don’t fear: The long shots are still getting venture funding
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Wednesday show, where we niche…
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TechCrunch+ roundup: Convertible note fundraising, fintech’s falloff, how to mark-to-market
Everyone loves an underdog, which is why investors and tech journalists are so fond of discussing startups that launched during the Great Recession of 2008, like Airbnb, Uber, WhatsApp, Mailchimp,…
Read More »Fintech isn’t dead, as Ramp reports accelerating revenue growth
Not every company is struggling in this downturn. Despite a cooling market, corporate spend management startup Ramp reports that it has more than doubled its revenue run rate since the…
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Sudanese fintech Bloom nabs $6.5M, backed by Y Combinator, GFC and Visa
Bloom, a Sudan-based fintech that offers a high-yield savings account and adjacent digital banking services, has raised a $6.5 million seed round. This investment is coming after the startup’s undisclosed…
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X1’s income-based credit card is about to launch publicly
The credit card market has become increasingly crowded, with consumer fintech startups locked in a fierce competition to differentiate their offerings through branding, rewards programs and even crypto compatibility. X1…
Read More »The bright side of fintech funding results
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our…
Read More »Once a key driver of global venture activity, fintech investment slows around the world
As venture capital grew around the world, tracking the fintech market was a fine way to understand the general health of the VC world; when venture was getting bigger, so…
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