Element Ventures pulls in $130M to double-down on the FinTech enterprise trend – TechCrunch

Reading Time: 5 minutes With the rise of Open Banking, Psd2 Regulation, InsurTech, and the whole, general Fintech boom, tech investors have realized that there is an increasing place for dedicated funds which double down on this ongoing movement. When you look at the rise of banking-as-a-service offerings, payments platforms, insurtech, asset management, and infrastructure providers, you realize that … Read more

Chilean fintech Xepelin secures $230M in debt and equity from Kaszek, high-profile angels – TechCrunch

Reading Time: 9 minutes Chilean startup Xepelin, which has created a financial services platform for SMEs in Latin America, has secured $30 million in equity and $200 million in credit facilities. LatAm venture fund Kaszek Ventures led the equity portion of the financing, which also included participation from partners of DST Global and a slew of other firms and … Read more

China’s crackdown on its biggest companies – Times of India

Reading Time: 9 minutes BEIJING: With market-trembling new rules and investigations, Beijing’s crackdown on its most prominent companies has seeped into nearly every aspect of modern life, wiping billions of dollars from Chinese and Hong Kong-listed stocks and bamboozling investment sages. From after-school tutoring to music streaming apps, and shopping to bike-sharing, stellar firms have been hit as Beijing … Read more

Ivorian fintech Julaya raises $2M to digitize business payments in Francophone Africa – TechCrunch

Reading Time: 10 minutes There are over 1 billion mobile money accounts globally. Africa leads the way in transaction value and volume thanks to M-Pesa, largely used in East Africa. Other regions across the continent are also growing fast. In 2019, West Africa reported the most live mobile money services in any region, with 56 million active accounts. In … Read more

African startups join global funding boom as fintech shines – TechCrunch

Reading Time: 6 minutes The Exchange is on a trip around the world, poking our heads into various startup markets to better understand how different geographies are faring during a historic boom in venture capital activity. Globally, the venture capital world is afire, pushing record sums into upstart technology companies. But the capital is not flowing evenly. For example, … Read more

Podcast – Interview with Clay Wilkes, CEO, Galileo

Reading Time: 10 minutes Share: Part of our special series of episodes that we’re recording in partnership with the European PR Agency, Tyto, and their own Without Borders podcast, this interview is with Clay Wilkes, CEO, Galileo Clay Wilkes, CEO of the global payments processing platform Galileo joined Russell Goldsmith and Tyto’s founder, Brendon Craigie online from Utah in … Read more

i80 Group has quietly committed $1B in credit to the fintech and proptech worlds – TechCrunch

Reading Time: 7 minutes Not every startup wants to raise venture capital. And then there are those that do want to raise VC money but don’t want to use it for specific things. In recent years, a number of firms have emerged looking to meet the credit needs of such venture-backed and growth startups: i80 Group is one of … Read more

After selling Bread last year for over $500M, this founder just raised millions for his new fintech startup – TechCrunch

Reading Time: 9 minutes When Daniel Simon sold Bread, a consumer purchase finance and payments startup he’d co-founded, to Alliance Data Systems for over $500 million late last year, he quickly set his sights on building another startup. During the pandemic, Simon says he observed how much strain was placed on what he described as ‘real-world’ businesses and their … Read more

A year after expanding to Europe, Nigerian fintech Lidya raises $8.3M to scale lending operations – TechCrunch

Reading Time: 10 minutes Nigerian fintech and lending startup Lidya today announced that it has completed its $8.3 million pre-Series B funding round. Alitheia Capital led the investment via its uMunthu Fund. Other investors that participated include Bamboo Capital Partners, Accion Venture Lab and Flourish Ventures. In addition to the $1.3 million seed round secured in 2017 and $6.9 … Read more

White label fintech platform Toqio secures $9.4M Seed led by Seaya and Speedinvest – TechCrunch

Reading Time: 5 minutes The upside of the Open Banking regulations which have swept jurisdictions like the UK and the EU is that many more challenger banks have appeared. The headache for either incumbent banks or for upstart startups is the very proliferation of these new banks and financial tech products. But as we know, in gold rushes, the … Read more