Indonesian fintech Xendit is now a unicorn, with $150M in fresh funding led by Tiger Global
There’s a new entrant in Southeast Asia’s growing list of unicorns. Jakarta-based Xendit, best known for its digital payment infrastructure but also focused on other financial products, announced today it…
Read More »QED Investors closes on $1.05B across two funds to invest in fintech companies globally
QED Investors announced the closing of two new funds totaling $1.05 billion, capital that it will be using to back early-stage startups, as well as growth rounds for later-stage companies….
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SpotOn raises $300M at a $3.15B valuation and acquires Appetize
Last year at this time, SpotOn was on the brink of announcing a $60 million Series C funding round at a $625 million valuation. Fast-forward to almost exactly one year…
Read More »BNPL is not a winner-takes-all game
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Natasha and Mary Ann took over this week’s show with Chris and Grace,…
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Quicken, one of the ‘first fintechs,’ is being sold again
Five and a half years after being acquired by a private equity firm, personal finance software company Quicken is announcing that it is being acquired by another private equity firm….
Read More »Varo Bank raises massive $510M Series E at a $2.5B valuation as it eyes the public markets
Varo Bank, which last year became the first U.S. neobank to be granted a national bank charter, announced this morning it has raised a staggering $510 million in a Series…
Read More »Nuula raises $120M to build out a financial services ‘super app’ aimed at SMBs
A Canadian startup called Nuula that is aiming to build a super app to provide a range of financial services to small and medium businesses has closed $120 million of…
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Former head of Mint raises $4.5M for Lean to give gig workers access to financial products
Gig and independent workers have different needs than salaried employees when it comes to financial products. It’s a challenge that Tilak Joshi, founder of Lean, became acutely aware of during…
Read More »Addi raises $75M to advance ‘buy now, pay later’ in LatAm, nearly triples valuation
Buy now, pay later is officially everywhere, and Latin America is no exception. Today, one startup in the region, Addi, is announcing a $75 million extension to its Series B,…
Read More »PayPal acquires Japan’s Paidy for $2.7B to crack the buy now, pay later market in Asia
PayPal Holdings, the U.S. fintech company, announced an acquisition of Paidy, a Japanese buy now, pay later (BNPL) service platform, for approximately $2.7 billion (300 billion yen), mostly in cash,…
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