Auxilius lands $10M to help biopharmas manage financial aspects of the clinical trial process
Many of us take prescription medication with little to no understanding of just how long it takes — or how much it costs — to get that drug to market….
Read More »Wealthsimple, valued at $4B last year, joins the fintech layoffs list
Canadian fintech giant Wealthsimple, which was valued at $4 billion as of last year, is laying off 159 people — or about 13% of its staff. The Toronto-based company has…
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Cube, which wants to help finance teams plan better and faster, lands $30M after seeing 400% ARR growth
Cube, a startup that wants to help companies “plan their financial future,” has raised $30 million in a Series B funding round led by Battery Ventures. Existing backers Mayfield Fund,…
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Narmi lands $35M to layer services on top of existing banking infrastructure
The banking industry isn’t always welcoming to startups, depending on the market’s outlook. As inflation rises and companies brace for the worst, once-promising neobanks are being forced to face the…
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Tencent, Block back Indonesian fintech platform Flip with $55M Series B extension
Flip, an Indonesia-based consumer payment platform, has closed a $55 million Series B extension round led by Tencent with participation from Block (formerly known as Square) and existing backer Insight…
Read More »MFS Africa raises additional equity and debt capital to take its Series C to $200M
Pan-African digital payments network MFS Africa has raised $100 million in equity and debt, additional funding that takes its Series C round to $200 million. African investment manager Admaius Capital…
Read More »Crisis! On the blockchain
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Alex and Grace are back to cover the biggest, best…
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Investors show Latin American fintech startups the money
Welcome to The Interchange, a take on this week’s fintech news and trends. To get this in your inbox, subscribe here. Greetings from Austin, Texas, where the temps have been over…
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Middesk raises $57M to automate business verification and underwriting
Middesk, a platform designed to automate business verification and underwriting decisions, today announced that it raised $57 million in a Series B round co-led by Insight Partners and Canapi Ventures…
Read More »Backbase raises its first funding, $128M at a $2.6B valuation, for tools that help banks with engagement
Larger banks and other financial service providers are getting a lot more serious when it comes to competing with upstarts that are disrupting their businesses with fresher approaches and newer…
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