Equity Monday: Paytm’s rocky debut gets rockier
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Happy Monday everyone, and welcome to a holiday…
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Ireland’s Fonoa raises $20.5M to help digital-first businesses stay tax compliant as they scale globally
There are myriad tax pain points that come from selling goods, content or services globally. As the world has seen a surge in cross-border transactions, digital-first businesses face the challenge…
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Nigerian fintech Abeg faces its biggest test yet after blitzscaling to millions of users
On October 3, “Big Brother Naija,” a reality show sponsored by Nigerian social payments company Abeg, came to a rapturous close after 72 days on air. The show, which commenced…
Read More »Lydia adds stock and crypto trading to its payment app
French startup Lydia is entering a whole new category by adding trading to its financial super app later this year. The company is partnering with Bitpanda for this feature. Lydia…
Read More »In Amazon scuffle, Visa’s loss could be Affirm’s gain
Earlier this week, Amazon announced that it would stop accepting Visa credit cards issued in the U.K. due to high interchange fees on transactions. The company gave a deadline of…
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Sequoia, 120 angel investors back former Google execs’ consumer finance startup Arbo Works
A team of Google executives, many of whom worked with one another for years, left the company earlier this year to launch a startup. The fintech firm, Arbo Works, has…
Read More »Jiko announces partnership to launch a banking app for the transgender community
Jiko, a fintech startup that uses customer deposits to purchase short-term treasury bills, announced its first banking-as-a-service (BaaS) client today. It will partner with Euphoria, a technology suite for the…
Read More »South African payments gateway Ozow raises $48M Series B led by Tencent
According to a 2019 report by Deloitte, about 80% of South Africans have a bank account but only 24% of them make more than three transactions monthly. Unlike other African…
Read More »Defacto offers embedded credit products to small companies
Meet Defacto, a new French startup that wants to improve the credit infrastructure for small and medium companies. The startup wants to offer credit products using an API. It automatically…
Read More »Credit-focused company Upgrade raises $280 million at $6 billion valuation
Fintech company Upgrade has raised a Series F round just four months after raising its previous round. Today, the company is announcing $280 million in new funding at a $6…
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