Clearco cuts 25% of staff, considers ‘strategic options’ for international operations
Clearco, a Toronto-based fintech capital provider for online companies, tells TechCrunch that it has laid off 125 people, or 25% of its entire staff. Those impacted will receive severance pay,…
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Kompliant secures $14M to help companies tackle financial compliance challenges
Kompliant, a startup delivering an “AI-driven” business onboarding and risk scoring platform, today announced that it raised $14 million in a seed round led by Level One Fund with contributions…
Read More »Crypto and securities, back of the postcard version
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Alex, Natasha and Mary Ann got together with Grace once again…
Read More »US-based fintech Umba buys majority stake in Kenya’s Daraja microfinance bank
Umba, a U.S.-based digital bank with a focus on emerging markets, has acquired a majority share of Daraja, a Kenyan deposit-taking microfinance bank, for an undisclosed amount. Kenya’s monetary authority,…
Read More »8 investors discuss fintech’s potential despite the market downturn
The fintech sector has had its ups and downs as of late, with Klarna experiencing hefty valuation cuts, Fast shutting down and Robinhood and Better conducting mass layoffs. Despite the…
Read More »8 fintech VCs discuss the shifting investing landscape and how to pitch them in Q3 2022
Last year, more than 20% of venture dollars went into fintech startups globally, according to CB Insights. Equally notable: One-third of all unicorns created in 2021 were fintech companies. This…
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Packworks makes operations easier for sari-sari stores in the Philippines
Sari-saris are small neighborhood stores in the Philippines that are often run on pen and paper ledgers. Inspired by a motorcycle journey, Packworks is on a mission to change that,…
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Indonesia’s IDEAL takes the pain out of applying for mortgages
Applying for mortgages is often a time-consuming and disorganized process, with reams of manual paperwork required. Based in Jakarta, IDEAL simplifies the process with a platform that lets users compare…
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Former a16z partner starts solo fund to back early-stage fintech startups
In 2015, Rex Salisbury was working as a software engineer at now-defunct mortgage startup Sindeo where he built out the back end for fully automated online mortgage pre-approval. At the…
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Pogo lands millions to become the ‘Honey for the real world’
If Pogo had its way, you’d get paid every time you stroll down Market Street in San Francisco. Or check your e-mail. Or open its app. The only catch is…
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