Investor Mark Suster says a “handful” of bad actors in VC destroyed Silicon Valley Bank
Yesterday at around noon in Los Angeles, investor Mark Suster of the venture firm Upfront Ventures began urging “calm” on Twitter. Silicon Valley Bank had bungled its messaging on Wednesda
Overhaul, which taps AI to secure physical supply chains, raises $73M in equity and debt
Businesses dependent on the physical supply chain face a number of potential roadblocks. Customers expect fast deliveries with visibility into each step, but costs — including transportation and
Highbeam secures $10M loan to provide credit, spend monitoring and more to e-commerce retailers
Highbeam, a startup that provides banking features, credit and cash flow insights to e-commerce customers, today announced that it raised $10 million in debt from TriplePoint as it looks to expand the
Identity management platform Saviynt secures $205M in debt, appoints new CEO
Showing that there’s real investor enthusiasm for identity management platforms, Saviynt, which enables companies to secure apps, data and infrastructure in a single platform, today announced th
B2B sales closing and financing platform Vartana raises $12M
The software-as-a-service (SaaS) industry is facing budget constraints and reductions in headcount as a result of the pandemic and the broader slowdown in tech. Companies have tightened up their budge
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.
Oil and gas didn’t benefit from investor largesse in recent years — but renewables did
For oil and gas companies, steady rates of investment should be a worrying trend.
Arrenda emerges with Adelanta, a financing offering for landlords in Latin America
Arrenda’s proprietary technology enables landlords in Mexico to advance up to a year of future lease receivables in 24 hours or less.
Crypto mega hedge fund Three Arrows Capital reportedly files for bankruptcy in New York
Crypto hedge fund Three Arrows Capital (3AC) has filed for Chapter 15 bankruptcy in New York, according to a report in Bloomberg. The mega fund, founded by Credit Suisse traders Zhu Su and Kyle Davies
Circa wants to make first-of-the-month rent payments obsolete
Renters can choose their payment method, split up payments and schedule the payments, all while having flexibility should income become a problem.
Wagestream, a financial super app for waged workers, raises $175M, passes 1M users and doubles down on the U.S.
Front-line workers and those paid in hourly wages rather than salaries have become a prime target in the world of business IT, with a wave of apps helping them find jobs, do their jobs, communicate wi
B2B e-commerce platform Chari is acquiring the credit line of Axa Assurance in Morocco for $22M
Moroccan B2B e-commerce and retail startup Chari has acquired Axa Credit, the credit branch of Axa Assurance Maroc, for $22 million, the company confirmed to TechCrunch today. The news comes off the b
Promise’s flexible payment platform for government debts grows fast, raises $25M to keep growing
Paying bills is never easy, but the last couple years of hardship have made it even tougher. Promise works with utilities and government agencies to provide flexibility in payments for people who can&
Groundfloor steps up its real estate debt crowdfunding platform with fresh capital
Crowdfunding has become an increasingly popular way for companies to raise capital, and investors are taking notice. Groundfloor, the first real estate crowdfunding platform to gain regulatory approva
Morocco’s Chari valued at $100M in bridge round as it looks to pilot BNPL services
Moroccan B2B e-commerce and retail startup Chari confirmed to TechCrunch that it has secured a bridge round at a $100 million valuation. The bridge round welcomed new investors Khwarizmi Ventures, Air
Finclusion raises $20M to build out credit-led neobank offering across Africa
The digital banking space in Africa is taking shape as neobanks on the continent grow in numbers like their global counterparts. Venture capital bets from institutional investors in this class of fint
Use alternative financing to fuel VC-level growth without diluting ownership
What is the best alternative to VC, and at what point in your company’s growth do other funding sources make sense?
Mobile overdraft facility Fuliza outshines Silicon Valley-backed lending apps in Kenya
A digital mobile overdraft facility christened Fuliza by Kenya’s biggest telco Safaricom Plc is giving the country’s popular loan apps a run for their money barely three years after its launch. Fu
Ant is changing how consumers borrow money from its app
In December 2020, Beijing laid out a guideline for Ant Group to “rectify” its business after calling off its IPO, which could have been the largest initial public offering in history. In t
Debt-as-a-service provider Sivo wants to power the next generation of lending startups
Sivo wants to do for debt what Stripe did for payments: Make it as easy to access a debt facility as plugging into an API.