The fintech funding market is not dead
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, boldest…
Read More »Ghana’s fintech Fido raises $30M to roll out new products and expand across Africa
After extending credit to thousands of customers over mobile phones since 2015, Ghana-based fintech Fido is now in search of additional growth avenues for its expansion across Africa. Fido told…
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Why did Brex really decide to ditch SMBs?
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…
Read More »As Brex exits the SMB space, its CEO says that doesn’t include startups … at least the funded ones
Brex’s decision to stop serving SMB customers surprised many in the startup and fintech community. TechCrunch spoke with CEO and co-founder Henrique Dubugras to learn more about what drove the…
Read More »Brex, which started out serving startups, now says it is ‘less suited to meet the needs of smaller customers’
Three months after announcing it would make a big push into software and enterprise, fintech giant Brex is apparently abandoning the very segment it started out to serve — small…
Read More »Able.ai exits stealth with $20M to help big lenders speed up making high-value loans
Large banks are stepping up their game when it comes to new services and the technology that underpins them, and in many cases they are borrowing straight from the tech…
Read More »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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