Nowports streamlines LatAm’s shipping to deliver a $1.1B valuation
Nowports, an automated digital freight forwarder in Latin America, has raised $150 million in a Series C funding round which values the company at $1.1 billion. For the unacquainted, digital…
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Founder alleges that YC-backed fintech startup is ‘copy-and-pasting’ its business
A new startup lifting elements of competing businesses is far from unusual in today’s venture world, but sometimes competing founders don’t find the imitation all that flattering. Andy Bromberg, CEO…
Read More »Klarna lays off 10% of its workforce
Swedish payment giant Klarna is going to cut hundreds of jobs in the coming days. Today’s news comes a few days after the Wall Street Journal reported that the company…
Read More »MainStreet’s valuation could fall 60% to $200 million amid investor recapitalization pursuit
Weeks after laying off about 30% of its staff, MainStreet is said to be raising another round of funding at a $200 million valuation, sources tell TechCrunch. The news is…
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Y Combinator-backed fintech Pebble uses stablecoins to offer 5% yield on cash
As equities continue to trade down from recent peaks, investors are searching for higher returns. Some have turned to the crypto-based decentralized finance (DeFi) realm, where yields from lending and…
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The Interchange: Venture’s mixed signals
Welcome back to The Interchange, the weekly TechCrunch series that looks at the latest — and what’s ahead — in the global fintech industry. It’s an incredible time to be…
Read More »A Twitter bot wrote this
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. The whole team was back together this week,…
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Belong secures $80M to take the pain out of rental property management
Historically, the relationship between landlords and tenants can be a contentious one. At the same time, the experiences of managing a property, and renting one, are not always smooth. Belong,…
Read More »Southeast Asian payments infrastructure unicorn Xendit banks $300M
Xendit, a payments infrastructure platform for Southeast Asia, has raised $300 million in fresh funding. The company’s new valuation wasn’t disclosed, but it hit unicorn status in its last round…
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Neon triples revenue in quest to become the biggest bank for Brazil’s working class
When Pedro Conrade started Brazilian digital bank Neon in 2016, he was a 23-year-old business school student who was frustrated with the service and costs associated with traditional banking in…
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