Ugandan lender Asaak raises $30million to support acquisition of motorbikes, smartphones by taxi operators
Asaak, a Ugandan asset financing startup, has secured $30 million in pre-Series A equity and debt funding. The round saw the participation of new and existing investors including Resolute Ventures,…
Read More »Fintech and insurtech innovation in Brazil set to take off on regulatory tailwinds
Brazilian instant payment system Pix ended 2021 having powered more than 8 billion transactions, according to statistics from the country’s Central Bank. This is quite an impressive figure for an…
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Arc wants to build the de facto finance solution for SaaS startups
There’s financial technology (fintech) companies out there targeting all sorts of different segments of the population, as well as companies at various stages of growth. A new company recently emerged…
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Meet Paysail, the startup making B2B payments faster using crypto
Companies use invoices to pay for many of their major costs, ranging from materials to contract work. Most still rely on solutions built on top of bank transfers or credit…
Read More »Jakarta-based investment app Pluang raises $55M led by Accel
Jakarta-based investment app Pluang announced that it has raised $55 million led by Accel. This is a follow-on to its Series B and brings that round’s total to $110 million….
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Fintech Brex confirms $12.3B valuation, snaps up Meta exec to serve as its head of product
In the latest fintech megaround, Brex has confirmed that it has raised $300 million in a Series D-2 round that ups its valuation to $12.3 billion. TechCrunch in October was…
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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…
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