Business banking startup Qonto raises $552 million at $5 billion valuation
French startup Qonto has raised a $552 million Series D funding round (€486 million). Following this investment, the startup has reached a valuation of $5 billion (€4.4 billion). This is…
Read More »Jakarta-based SME financial platform KoinWorks scoops up $108M Series C
The backbone of Indonesia’s economy are its estimated more than 60 million SMEs. But many lack access to working capital and, especially before the pandemic, managed their finances using manual…
Read More »Can you build centralized islands in a decentralized ocean?
Hello and welcome back to Equity, a podcast about the business of startups where we unpack the numbers and nuance behind the headlines. We’re getting back up to full speed this…
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Petal nears unicorn status with fresh $140M in capital to upend ‘broken’ traditional credit system
In recent years, there has been a growing number of startups trying to make credit more accessible to consumers. One such startup, Petal, announced today that it has raised…
Read More »Meet Bankaya, a Mexican fintech that is going offline for customer acquisition
Most fintechs pride themselves on digital everything, including customer acquisition strategy. But Bankaya, a Mexico City-based financial services startup, is attributing its early traction on the opposite model — going…
Read More »Southeast Asian open finance startup Brankas gets $20M Series B led by Insignia Ventures
Brankas, an open banking startup for Southeast Asian markets, is entering the new year with a $20 million Series B. The funding was led by Insignia Ventures Partners, with participation…
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Fintechs in Africa continue to overshadow all other startups in funding gained
The year 2021 saw more and bigger deals closed in Africa, as tech startups across the continent raised close to $5 billion. This amount was double the previous year’s investment,…
Read More »Fintech-focused Ribbit Capital raises $1.15B in seventh fund, according to SEC filing
Ribbit Capital, a venture firm best known for its fintech investments, has raised $1.15 billion in new capital in what appears to be a close of its seventh fund, according…
Read More »Southeast Asian startups to watch in 2022
As someone who covers Southeast Asia startups and funding stories, the best word I can think of to describe 2021 is “whoa!” This was the year that global investors not…
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Skio raises $3.7M to help brands on Shopify sell subscriptions
Skio, a startup that aims to take the pain out of selling subscriptions for brands on Shopify, has raised $3.7 million in a seed funding round. Kennan Davison, an engineer…
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