Fintech

Why we’re seeing so many seed-stage deals in fintech

Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. If you want to receive The Interchange directly in your inbox every Sunday, head here to sign

Sam Altman backs Slope’s $30M round to digitize, scale B2B payments

Slope's customer pipeline has evolved into mainly enterprise. As a result, both volume and company revenue have increased 17x since last year.

All venture funds use the ‘2 and 20’ fee structure, right? Not really

Typically, a VC fund's management fee is 2% of AUM, but new data from Carta shows that the 2% figure isn't as universal as you might think.

Fintech actually has a value system: Here’s how we can reclaim it

One of the big lessons of the social finance backlash is that empowerment without education can do more harm than good.

Gringo’s super app for Brazilian drivers adds insurance, financing with $30M Series C

The new funding will enable the company to expand its automotive credit and insurance products and introduce new features.

QED and Partech back South African payment orchestration platform Revio in $5.2M seed

The payment landscape in Africa is still fragmented, with several payment operators providing different payment options to customers as well as businesses. Due to this fragmentation, payment failures

Why Solana, Polygon and Aptos expect the enterprise to drive mass adoption

As large enterprises enter the crypto space, there’s potential for “not only millions of users, but billions of users using web3 without even realizing it.”

FedNow’s legal terms contain a game changer for digital wallets and payment apps

The potential reach for nonbank payments providers who leverage this provision in the FedNow legal terms could be significant.

Crediverso takes on legal after $3.5M capital infusion

The company, which has helped thousands of users in the U.S. Latino community with financial products advice, adds legal tech and services.

Pan-African contrarian investor P1 Ventures reaches $25M first close for its second fund

P1 Ventures has reached the first close of its second fund at $25 million. It expects to reach a final close early next year.

Despite the ups and downs of the fintech space, people still really care about it

Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. If you want to receive The Interchange directly in your inbox every Sunday, head here to sign

MakersHub deciphers accounts payable data so construction companies don’t have to

MakersHub's WiseVision technology extracts and contextualizes all data on bills and receipts, including every line item and data field.

Plaid’s Zach Perret on Visa, valuations and privacy

In a wide-ranging conversation at this year’s Disrupt, founder Zach Perret talked candidly about the highs and lows of Plaid's journey.

As Robinhood eyes global expansion, CEO says: ‘We’ve made a lot of progress’

Ten years ago, Robinhood was founded to “democratize” stock trading, or more simply, to make it more accessible for anyone to trade stocks. Over time, the now publicly traded company has broadened

SVB’s commercial banking president: ‘Come on back, the water’s fine’

Four players in the banking industry spoke about what they are doing to offer startups and investors new alternatives in a post-SVB world.

After cutting ties with Binance, Checkout.com says crypto companies are about 4% of its total processing volume

Credit cards payment processor Checkout.com views crypto as a meaningful space for merchant relationships but needs to continue to focus on regulatory growth, according to Céline Dufétel, president

ZayZoon, which lends employees money for a fee, raises $34.5M

ZayZoon, a fintech firm that got its start charging employees $5 to get paid sooner, has raised $34.5 million in a Series B round co-led by Framework and EDC with participation from ATB Financial. CEO

IFC leads $5M extension round in Ivorian SaaS e-commerce platform ANKA

ANKA, an Ivorian SaaS e-commerce platform for African businesses, has raised $5 million. The pre-Series A extension round is a mix of equity and debt; last January, ANKA, formerly Afrikrea, raised $6.

Don’t miss the Visa Everywhere Initiative Fintech Pitch-Off at TechCrunch Disrupt 2023

TechCrunch Disrupt 2023 is right around the corner and, fans of fintech, there’s a pitch-off event you won’t want to miss! We’re talking about the Visa Everywhere Initiative (VEI) 2023 Global Fi

TrueMed’s payment integration platform unlocks HSA/FSA for health, not sickness

Medication might be easier than exercise or eating right, however TrueMed wants to change your thinking on that.
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