Indonesia’s Skorlife gets funding to give Indonesians power over their credit scores

Skorlife, the fintech that wants to give Indonesians more transparency into their credit scores, has raised $4 million in seed funding. The round was led by Hummingbird Ventures, with participation…

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OpenFin’s attack on the ‘toggle tax’ in financial apps secures it a $35M Series D round

Not unlike a post-internet-era Bloomberg Terminal, OpenFin was a startup that joined the revolutionary world of user interfaces to fast-moving information back in 2010. If you cast your mind back,…

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Episode Six raises $48M to streamline payment processes

Austin, Texas–based Episode Six, a payments and banking infrastructure provider, today announced that it raised $48 million in a Series C funding round led by Avenir with participation from Anthos…

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QED closes on $925M to back fintech startups globally

QED Investors today announced the closing of two new funds totaling $925 million, capital that it will be using to back early-stage financial technology startups, as well as growth rounds…

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Daylight, the LGBTQ+ neobank, calls it quits

Daylight, an LGBTQ+ banking platform, is shutting down. Its operations will cease on June 30, according to embattled co-founder and CEO Rob Curtis.  The announcement comes months after NY Magazine…

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Anthemis targets $200M for new fund after layoffs and canceled SPAC

Anthemis Group is trying to raise $200 million for a third fund, according to an SEC filing, as first reported by Axios. It has been in the market since last…

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Venmo targets young consumers and parents with new teen accounts and debit card

Venmo announced today that it’s introducing teen accounts, allowing parents and legal guardians to open a Venmo account for their teenagers so they can send and receive money. The account,…

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This fintech segment saw a flurry of fundraises

Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site,…

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Percent lands $30M investment to connect investors with private credit

In 2018, Nelson Chu founded Percent with the goal of bringing investors, borrowers and underwriters together to modernize private credit. Seeing an opportunity to tackle the lack of risk management…

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Landlord-focused insurtech Obie lands $25.5M led by Battery Ventures

Obie, a real estate-focused insurance technology company, has raised $25.5 million in a funding round led by Battery Ventures. Since the company’s last raise — a $10.4 million Series A…

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