Gemini lays off 10% of workforce as the ‘crypto revolution’ enters its ‘contraction phase’
Crypto platform Gemini has cut approximately 10% of its workforce, per co-founders and twin brothers Cameron and Tyler Winklevoss. In a post announcing the news, the duo attributed the layoffs…
Read More »South Africa’s Talk360 raises $4M to build single payment platform for Africa
Many businesses looking to set up pan-African operations are often met with the challenge of establishing payment services that are appropriate for each country they go to. Most of the…
Read More »Affirm teams up with Stripe as the BNPL wars intensify
Two fintech giants are partnering up. Affirm is making its buy now, pay later technology available to businesses that use Stripe’s payments tech. This means that a whole slew of…
Read More »Finix goes head-to-head with Stripe
Welcome to The Interchange, a take on this week’s fintech news and trends. To get this in your inbox, subscribe here. We’ve all been keeping up with the recent drama…
Read More »A ping-pong match between bulls and bears
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Happily we were once again at full strength…
Read More »Viola Credit closes $700M fund to provide asset-based lending to fintech startups
Fintech startup and alternative credit asset manager Viola Credit has closed its latest $700 million fund, which provides asset-based lending capital to fintech, proptech and insurtech startups. If this fintech play…
Read More »Revenue-based financing platform Bloom secures $377M Series A led by Credo and Fortress
While the likes of Pipe are reaching multi-billion valuations, European revenue-based financing is experiencing as much of a boom as it is in the U.S. U.K.-based startup platform Bloom has…
Read More »Fintech Bolt just laid off over 100 employees across engineering, sales and marketing
One-click checkout startup Bolt has laid off at least 100 employees and counting across go-to-market, sales and recruiting roles, sources say. CEO Maju Kuruvilla confirmed the workforce reduction in a…
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TechCrunch+ roundup: Stripe vs. Plaid, IP litigation, what VCs really think about the downturn
If I received a note from an investor stating, “although somber, this data is not meant to alarm you,” well, I might be alarmed. But that quote from Reach Capital…
Read More »PayPal laid off 83 employees as it reduces Bay Area presence
PayPal laid off dozens of employees from its San Jose headquarters, filings show. As first reported by The Information and later confirmed by Techcrunch, the layoffs impacted 83 employees. PayPal’s…
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