March 29, 2024

Web and Technology News

Bunq, the Dutch neobank, has raised $111M at a flat $1.8B valuation to break into the US

Remote working and digital nomads became two very prominent aspects of the world of work during the pandemic, shedding a light on the millions of people who live in one country but earn money in another. Now, a startup that is building financial services catering to that demographic is announcing some growth funding to expand […]

Kenya’s Fingo partners with Ecobank, launches neobank on the back of $4M investment

Yesterday, Fingo, a YC-backed Kenyan fintech, launched its neobank, which it developed in collaboration with Pan-African financial institution Ecobank Kenya. The Ecobank subsidiary unveiled the neobank, the first of its kind in the East African country, according to the pair, in an event with the country’s president, William Ruto, in attendance.  It’s taken a while […]

Kenya’s Fingo partners with Ecobank, launches neobank on the back of $4M investment by Tage Kene-Okafor originally published on TechCrunch

Slash aims to corner the Gen Z market with business-focused banking features

Around two years ago, Victor Cardenas and Kevin Bai — college dropouts from Stanford University and the University of Waterloo, respectively — built a fintech platform called Slash that lets users create shareable virtual cards to split recurring expenses. Slash quickly became popular with teenagers because its virtual cards were debit-based, available to people 13 […]

Slash aims to corner the Gen Z market with business-focused banking features by Kyle Wiggers originally published on TechCrunch

Green-Got is a neobank for climate-conscious customers

French startup Green-Got is building an alternative to your traditional bank account with a focus on climate change. Essentially, Green-Got guarantees that your savings and the money that is sitting in your bank account aren’t going to finance fossil fuel projects and other polluting industries. The startup recently raised a $5.5 million (€5 million) funding […]

Green-Got is a neobank for climate-conscious customers by Romain Dillet originally published on TechCrunch

Payday wants to power the future of work for Africa with $3M seed led by Moniepoint Inc

Payday, a neobank issuing global (USD, EUR & GBP) accounts to Africans, has raised $3 million, money the platform intends to use to fuel its “future of work” initiative through borderless payment alternatives in major currencies. The oversubscribed seed investment was led by Moniepoint Inc. (formerly TeamApt Inc), the U.S. entity that houses Moniepoint Microfinance […]

Payday wants to power the future of work for Africa with $3M seed led by Moniepoint Inc by Tage Kene-Okafor originally published on TechCrunch

The story of how Dave took the long road to become a neobank

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 site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous week. […]

The story of how Dave took the long road to become a neobank by Mary Ann Azevedo originally published on TechCrunch

Southeast Asian credit fintech Kredivo scores $270M Series D

The funding landscape in Southeast Asia is still wintery, but one fintech managed to land a major round. Kredivo Holdings, which offers credit services to underbanked consumers in Indonesia and Vietnam, has raised $270 million in what it says was an oversubscribed Series D. The round was led by Japanese bank Mizuho Bank, a subsidiary […]

Southeast Asian credit fintech Kredivo scores $270M Series D by Catherine Shu originally published on TechCrunch

Revolut reports first full year of profit

The all-in-one fintech app Revolut has released its annual report for 2021. While 2021 ended more than a year ago, this report includes some significant figures as the company nearly tripled its revenue between 2020 and 2021. Because of this explosive growth trajectory, the company reached profitability for the first time. Revolut’s financial success starts […]

Revolut reports first full year of profit by Romain Dillet originally published on TechCrunch

Outsized seed rounds, neobanks and spicy M&A? Well hello, 2023

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This week, Natasha Mascarenhas, Mary Ann Azevedo and Rebecca Szkutak got on the mic to talk startups, pet peeves and focaccia. What else did you expect? Here’s what we got into: Descope landed a $53 million (!) […]

Outsized seed rounds, neobanks and spicy M&A? Well hello, 2023 by Natasha Mascarenhas originally published on TechCrunch

Singapore-based neobank Aspire raises $100M from Lightspeed and Sequoia SEA

Aspire, the Singapore-based neobank that wants to become the financial operating system for SMEs, has raised an oversubscribed $100 million Series C round. Investors included Lightspeed and Sequoia Capital SEA, along with Paypal, Tencent, LGT Capital Partners and returning investors.  TechCrunch last covered Aspire when it raised its Series B in 2021. Founded in 2018 […]

Singapore-based neobank Aspire raises $100M from Lightspeed and Sequoia SEA by Catherine Shu originally published on TechCrunch

Lunar, the Danish neobank last year valued at $2.2B, raises $38M to shoot for the profitability moon

Lunar, a neobank out of Denmark, last year raised money at a $2.2 billion valuation from a splashy set of investors that included Heartland, Kinnevik, Tencent, IDC Ventures and comedian Will Ferrell, to fill out its ambition to build a financial “super app.” Times being tough for startups right now, Lunar has raised yet again, […]

Lunar, the Danish neobank last year valued at $2.2B, raises $38M to shoot for the profitability moon by Ingrid Lunden originally published on TechCrunch

With Bling, the fintech startup revolution spreads even to pocket money

Today, banks and fintech startups tend not to provide products dedicated to families, specifically, and this has appeared as something of a gap in the market. Meanwhile the general lack of financial education and financial literacy means families are missing out on securing financial prosperity for their families. GoHenry (which raised $121.2M), which bills itself as “smart banking […]

With Bling, the fintech startup revolution spreads even to pocket money by Mike Butcher originally published on TechCrunch

Daylight, the LGBTQ+ neobank, raises cash to launch subscription plan for family planning

A day after a bill that would codify same-sex marriage in the U.S. cleared a key hurdle in the Senate, Daylight, a digital bank that pitches itself as LGBTQIA+-friendly, closed a $15 million Series A round led by Anthemis Group with participation from CMFG Ventures, Kapor Capital, Citi Ventures and Gaingels. Daylight Co-founder and CEO […]

Daylight, the LGBTQ+ neobank, raises cash to launch subscription plan for family planning by Kyle Wiggers originally published on TechCrunch

Google-backed neobank Open becomes unicorn with new funding

India has 100 unicorns now. The Bengaluru-headquartered neobank Open entered the coveted club on Monday with a new funding round, it said. The five-year-old startup did not disclose the size of its Series D funding, but a source familiar with the matter said it’s $50 million. The new round, which valued Open at $1 billion, […]

New bank, who dis? Lifestyle-focused neobank Cogni pivots to web3

Digital banking startup Cogni is joining the ranks of companies hopping on the crypto bandwagon. The mobile-based platform, founded in 2016 out of Barclays’ accelerator program (which is operated by Techstars), launched with the intent to offer personalized banking products suited to the lifestyles of those in the 18-to-35 crowd, CEO and founder Archie Ravishankar […]

Australian neobank Zeller raises $100M AUD Series B at $1B AUD valuation

Zeller, the Australian neobank for SMBs, has raised a $100 million AUD Series B (about $72.7 million USD), doubling its valuation to more than $1 billion AUD (about $727 million USD). The funding was led by Headline, with participation from Australian superannuation fund Hostplus. Returning investors included Square Peg, Addition and Spark Capital. The fintech […]

Indian neobank Niyo raises $100 million, tops 4 million customers

India’s Niyo has raised $100 million in a new financing round as the consumer-facing neobank platform looks to add lending and other features to its offerings and make deeper inroads in the world’s second largest internet market. Accel and Lightrock India co-led the Bengaluru-headquartered startup’s Series C financing round. Existing investors Prime Venture Partners, JS […]