Korean online payment service Kakao Pay surges nearly 114% on the first day of trading
Shares in Kakao Pay, the fintech unit of South Korea’s largest messaging app operator Kakao Corp, closed up 114% in its market debut on Wednesday. The Ant Financial-backed company ended…
Read More »Nigeria’s lender Payhippo raises $3 million in seed funding to extend quick loans to SMEs
Nigeria’s lending startup Payhippo has raised $3 million in a seed round, funding the company plans to use in sourcing the talent needed to optimize its technology as it ramps…
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Chipper Cash gets $2B valuation with $150M extension round led by FTX
Chipper Cash, an African cross-border payments company, has raised $150 million in a Series C extension round led by Sam Bankman-Fried’s cryptocurrency exchange platform FTX. The investment comes barely six…
Read More »Nubank’s IPO filing gives us a peek into neobank economics
As the neobanking boom has matured into a collection of large digital banks, we’re slowly getting a better picture of the economics of such business efforts. Chime was early in…
Read More »TechCrunch+ roundup: BNPL competition heats up, Bowery Farming TC-1, Silicon Valley dreams
Is Southeast Asia about to hit an inflection point for tech startups? Four hundred million people in the region already use the internet, but by year’s end, one estimate suggests…
Read More »The new alchemy is turning gold to crypto
Hello, and welcome to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. And have a good time. This week Mary Ann and Natasha and Alex…
Read More »Credit card and payments companies compete for a slice of the growing BNPL market
Buy now, pay later is here to stay. A year ago, the biggest players in the space were companies founded solely to offer consumers the ability to pay in installments…
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‘AWS for blockchain’ Alchemy boosts valuation to $3.5B with $250M raise
Exactly six months after raising $80 million at a $505 million valuation, blockchain and Web3 development SaaS startup Alchemy has raised $250 million in a Series C funding round that…
Read More »Extend raises $40M for its virtual card offering to help banks better compete with fintechs
We’ve written a lot about fintechs that aim to help other fintechs and traditional banks launch products and services. But it feels like we have written far less about fintechs…
Read More »Open banking startup Finverse wants to build the Asia-Pacific region’s Plaid
Based in Hong Kong, Finverse’s ambitious goal is to enable open banking throughout the Asia-Pacific region. The startup recently came out of stealth mode with $1.8 million in seed funding,…
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