Finance

Singapore fintech startup Instarem closes $41M Series C for global growth

Singapore’s Instarem, a fintech startup that helps banks and consumers send money overseas at lower cost, has closed a $41 million Series C financing round to go after global expansion opportuni

Grab launches SME loans and micro-insurance in Southeast Asia

In its latest move beyond ride-hailing, Southeast Asia’s Grab has started to offer financing to SMEs and micro-insurance to its drivers. The launch comes just weeks after Grab raised $1.5 billio

Lyft sets $62-68 price range for its IPO to raise up to $2.1B, will trade as LYFT on Nasdaq

Ridesharing startup Lyft, as expected, announced this morning that it is kicking off the roadshow for its IPO — setting the clock ticking for its IPO likely in the next two weeks. Around that,

Zeus raises $24M to make you a living-as-a-service landlord

Cookie-cutter corporate housing turns people into worker drones. When an employee needs to move to a new city for a few months, they’re either stuck in bland, giant apartment complexes or Airbnbs me

Pi Day wasn’t pleasant for a lot of tech execs

Pi Day is apparently New Job day for tech execs and VCs these days. Leaving: Lee Fixel It’s not every day that one of the top VC investors heads out from their shop. TechCrunch’s @cookie aka Conni

The meaning of Nginx and F5

F5 Networks took a dive yesterday after the company announced it was acquiring open-source web server NGINX. While media coverage of the deal was largely positive, the public markets appeared much mor

CXA, a health-focused digital insurance startup, raises $25M

CXA Group, a Singapore-based startup that helps make insurance more accessible and affordable, has raised $25 million for expansion in Asia and later into Europe and North America. The startup takes a

Goalsetter gives parents a way to teach their kids how to save money

When the bubble burst in the year 2000, Tanya Van Court lost over $1 million in stock and options over the course of a few minutes. Then and there she vowed to never let something like that happen to

Investing app Stash raises $65M, launches banking and ‘stock-back’ rewards with Green Dot

Stash, the fintech startup and app that aims to introduce new people to the world of investing, is unveiling some interesting new services while also announcing that it has raised more funding to expa

PayPal to invest $750M, and Dragoneer $100M, into MercadoLibre, Argentina’s e-commerce powerhouse

It’s not only SoftBank that’s eyeing up the opportunity to tap into the quickly expanding market for e-commerce in Latin America. MercadoLibre, a marketplace and financial services powerho

OpenAI shifts from nonprofit to ‘capped-profit’ to attract capital

OpenAI may not be so open going forward. The former nonprofit announced today that it is restructuring as a "capped-profit" company that cuts returns from investments past a certain point. But some wo

Bitcoin gets slower, smaller and more like Ethereum

Editor’s Note: Our writer Galen Moore (who previously wrote an analysis of STOs) attended the MIT Bitcoin Expo this weekend. These are his field notes on his interviews with a bunch of the leadi

VCs have growing appetite for ‘AgriFood’

Venture investors are pouring billions of dollars into feeding their hunger for food and agriculture startups. Whether that trend line is due to enthusiasm for the sector or just broader heavy investi

Huawei sues America as SoftBank spends more money

Today, a bunch of analysis on stories we have been covering the last few weeks. You’re reading the Extra Crunch Daily. Like this newsletter? Subscribe for free to follow all of our discussions

EToro bringing crypto trading and wallet to the US

The social investing and trading platform eToro announced that it will finally be launching its platform in the U.S. The platform, which already operates in more than 140 countries, will be available

The Khashoggi murder isn’t stopping SoftBank’s Vision Fund

Money talks in the startup community, especially when SoftBank comes knocking with the megabucks of its Vision Fund. Despite the public outcry around the firm’s dependence on money from Saudi Arabia

Blueground raises $20 million for flexible apartment rentals

Blueground, the startup providing turnkey flexible rental apartments, has raised $20 million in a round led by Athens-based VentureFriends, with participation from Endeavor Catalyst, Dubai’s Jab

US mobile bank Chime raises $200 million, valuing its business at $1.5 billion

San Francisco-based mobile banking startup Chime announced this morning it has raised an additional $200 million in Series D financing led by DST Global, valuing its business at $1.5 billion. The over

How far are you willing to go for growth?

There is a deep dilemma facing startup founders that I think just isn’t brought to light often enough. On one hand, almost all (and I do mean almost all) founders are reasonably ethical people. They

The CFO of UK fintech challenger Revolut has resigned

This hasn’t been a good week for challenger bank Revolut . The company, which offers digital banking services and is valued at $1.7 billion, confirmed today that embattled CFO Peter O’Higg
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