Nymbus lands $70M to help banks digitally transform
Nymbus, a startup that partners with banks to migrate their legacy stack and launch neobanks to attract new customers, today announced that it raised $70 million in a Series D round led by Insight Par
SBM Bank India, building BaaS platform, seeks funding at $200 million valuation
The Indian arm of SBM Bank, one of the banks that has aggressively worked with fintech startups in the South Asian market, is engaging with investors to raise capital and pitching the vision of becomi
Allocations just got valued at $150M to help private equity funds lure smaller investors
Interest in alternative investments such as private equity, real estate and crypto continues to surge, and Miami-based fintech startup Allocations is riding the wave. Less than three years after its f
Majority, a mobile bank for migrants, closes third venture round in just over a year
Nine months after raising a Series A round, Majority has raised tens of millions in both equity and debt financing for its mobile bank for migrants. The fintech announced today that it has raised a $3
3 investors explain why earned wage access startups are set to cash more checks
It always feels good to get paid, so it’s no surprise that a payroll model like earned wage access (EWA), which lets employees withdraw their accrued wages at any time, has exploded in popularity.
Boopos adds to its small business M&A lending pot with new investment
The company is able to underwrite online businesses in less than 48 hours and provides facilities for funding up to 80% of an acquisition under a flexible, revenue-based schedule.
Solid banks $63M for easier deployment of embedded fintech products
By utilizing APIs and a few lines of code, Solid enables customers to embed fintech products and get them up-and-running quickly.
Animoca Brands’ Japan unit raises $45M at $500M valuation for NFT push
Asia’s crypto games and web3 investment powerhouse Animoca Brands is making inroads into Japan as its local unit picks up $45 million in financing at a $500 million pre-money valuation. The inve
Ravel emerges from stealth with privacy-first data tools based on scalable homomorphic encryption
The world has gotten a lot more serious about privacy and data protection, but in many cases business models that rely on personalization of one kind or another have struggled to keep up. Today, a sta
Revolut to allow users to donate to the homeless via the Beam crowdfunding platform
The world is entering a huge cost of living crisis, which will inevitably result in a rise in homelessness. But donating to homeless people has yet to go fully digital. Challenger bank Monzo allowed t
Highbeam inks $7M to shine light on e-commerce-specific banking needs
By focusing on e-commerce, Highbeam is able to provide a single financial view of the business and help entrepreneurs decide the right cash and credit options.
Pitch Deck Teardown: Glambook’s $2.5 million seed deck
Glambook recently raised $2.5 million at a $12 million valuation, and I managed to talk it into letting me share its full pitch deck with you to see how the company wove its story to its investors.
Hackers abuse ‘chaotic’ Nomad exploit to drain almost $200M in crypto
Cross-chain messaging protocol Nomad has become the target of crypto’s latest nine-figure attack after hackers abused a “chaotic” security exploit to steal almost $200 million in digital
You can’t afford a house, but you can probably afford Nada
Rents are going up in cities across the U.S., but the national homeownership rate has been steadily declining as prospective buyers grapple with low supply, weakening purchasing power and record-high
Every startup wants an extension round, but there aren’t enough to go around
As venture funding slows, founders are scrambling to extend their runways, regardless of how much cash they already have. But the startups that need the cash most are running into the most trouble.
Looks like (some) neobanks will be OK after all
There's some good financial news brewing for neobanks: new data indicates that at least some of the larger and better-known neobanks are going to be OK after all.
Yat founder Naveen Jain talks ’emoji identity’ and lasting web3 trends
As the crypto market continues to struggle, plenty of founders and investors are left wondering whether this latest bull run was all some grand fever dream or whether some of the trends of the past tw
As fundraising gets harder, founders should ask investors for a flat round
The founders who can get in front of tough conversations will be the ones to reach the next milestone, albeit on a less attractive path, and remain alive to see their mission through.
When it comes to sanctions, PE firms must proceed with great caution
In order to effectively mitigate sanction risks, PEs are doing due diligence on their LPs and investing in the management of compliance programs and policies at their portfolio companies.
Proptech still has fundamental problems for entrepreneurs to solve
Proptech has made our lives easier with innovations like smart homes, AirBnB, and the ability to shop for and secure a mortgage from our phones. But major gaps, and opportunities, remain.