Finance

Africa’s Jumo raises $52M led by Goldman to bring its fintech services to Asia

Asia’s fintech scene is poised to get a little larger after Jumo, a company that offers loans to the unbanked in Africa, revealed plans to expand into the continent. To get the ball rolling, Ju

PayPal’s one-touch, localised payment options go global

E-commerce in the US is synonymous with using credit or other payment cards, but the story outside the US is very different. A fragmented mix of options — such as cash on delivery, bank transfer

The second blockchain bubble is now complete — what’s next?

The last few months haven’t been easy for crypto investors. Following the dizzying highs of crypto trading late last year, which saw Bitcoin reach a peak of $19,276 and a market cap of $323 billion

Indonesian fintech startup Moka raises $24M led by Sequoia India

Indonesia’s Moka, a startup that helps SMEs and retailers manage payment and other business operations, has pulled in a $24 million Series B round for growth. The investment is led by Sequoia In

Paysend announces global account to compete with Revolut

Meet Paysend’s global account, a new way to hold, spend and send money in multiple currencies using a mobile app and a card. It looks a lot like Revolut’s basic features. But the company is trying

LendingTree is the secret success story of fintech

For all of the excitement centered around fintech over the past half-decade, most venture-backed fintech companies struggle to acclimate to public markets. LendingClub and OnDeck have plummeted since

Eventbrite sets IPO range of $19 to $21, valuing it at $1.8B

Eventbrite has taken its final step toward becoming a publicly traded company. In an updated S-1 filing this morning, the ticketing and events company announced plans to sell 10 million Class A shares

Benchmark and Tiger double down on going public

In an ecosystem enthralled with private capital and delayed public debuts, Bill Gurley has been something of a maverick. The former dot-com equity analyst and long-time partner at Benchmark has pushed

Freelance marketplace Upwork files to go public on Nasdaq as UPWK

Another tech IPO is coming around the corner in what has been a strong year for startups taking the plunge and going public. Upwork — a marketplace connecting 375,000 freelance developers, writ

N26 launches N26 Black for freelancers

Challenger bank N26 is launching a premium plan for professional accounts. N26 already had a free plan for freelancers and the self-employed, called N26 Business. N26 Business Black introduces the sam

Uber CEO: No plans to sell self-driving car unit ‘for now’

Uber has no plans to sell its self-driving car research unit “at this time,” according to the company’s chief executive. Dara Khosrowshahi said that the ride-hailing giant will &#822

Google’s Launchpad Studio accelerator welcomes a cohort of blockchain and finance startups

Google has inducted a new class of startups into the Launchpad Studio accelerator it inaugurated last year; the first group was focused on gleaning new insights from medical data, and this one is abou

SynapseFI raises $17M to develop its fintech and banking platform

SynapseFI, a startup that helps banks and fintech companies work together to develop technology, has announced that it raised a $17 million Series A funding round. The funding actually closed at the b

Chat app Line to raise $1.33BN via convertible bonds to double down on financial services

Move over stickers and games: Japanese messaging app firm Line has announced it’s raising around 148.1 billion yen ($1.33BN) through convertible bonds to fund aggressive expansion into the fina

Fall 2018 tech IPOs face myriad of headwinds

2018 has been an incredibly strong year for IPOs, particularly in the technology sector. Among the brand names this year that have made their public debuts are Dropbox, Xiaomi, Spotify (through a dire

Funding Circle, a P2P SME lending platform, steps towards an IPO

UK founded startup Funding Circle, a p2p lending platform which focuses on the underserved small business market, has announced a “potential intention” to float on the London Stock Exchang

Thailand is becoming a critical country for blockchain

While United States regulators are still trying to figure out how to think about cryptocurrencies, Thailand’s government is already mapping out its own central bank digital currency. This is just o

Update: Cash-strapped Wonga goes into administration in the UK

Update: That’s it for Wonga’s UK business. The beleaguered payday loans company has just confirmed it’s gone into administration. Although it says its overseas businesses are contin

AirTM raises $7 million to fight hyperinflation

If you want to convert Netflix gift cards into dollars on a PayPal account, you usually have to find someone willing to do the same transaction in the other direction. It can quickly go wrong if you n

Terra is an ambitious crypto project to build a stable coin through e-commerce

Four of the world’s largest crypto exchanges are leading a $32 million investment in an ambitious venture out of Korea that’s aiming to develop a new stable coin using e-commerce as the ly
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