Insight Partners leads $34M round in Singapore-based fintech Spenmo
Spenmo originated as an expense management platform before realizing that expenses “are just a tiny sliver” of a company’s payables, founder and CEO Mohandass Kalaichelvan told TechCrunch. Financial teams also…
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Nigerian fintech HerVest wants to bring financial inclusion to more African women
After years of working in marketing for a number of financial services companies, Solape Akinpelu came to a conclusion: There was an “alarmingly low adoption” by women for financial services…
Read More »Toast raises IPO price range, providing a Monday bump to fintech valuations
U.S. technology unicorn Toast filed a new S-1 document this morning detailing a higher IPO price range for its shares. The more expensive range indicates that Toast may be worth…
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Self Financial raises $50M to help the subprime consumer build credit and savings at the same time
Self Financial, a fintech company that aims to help consumers build credit and savings at the same time, announced today it has raised $50 million in Series E funding. Altos…
Read More »Asian merchant commerce platform Pine Labs raises $100 million
Pine Labs said on Thursday it has raised an additional $100 million, just weeks after securing $600 million in a financing round, as the Asian merchant commerce platform begins to…
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Kapor Capital, Square co-founder Sam Wen back TomoCredit in its $10M Series A funding round
Building credit history can be difficult if you are a consumer that is having trouble getting access to credit in the first place. Enter TomoCredit, which has developed a credit…
Read More »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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