embedded finance

Why Latin America’s freight-forwarding opportunity is still attracting capital

Amid a pandemic and unrest over gasoline prices, investors are still pouring money into Latin America's logistics and shipping businesses.

ImaliPay gets $3M to offer financial services to underserved gig workers across Africa

The gig economy is experiencing profound growth in Africa. Yet, all that growth hasn’t changed the status of workers who are seen as contractors rather than employees. Because many of them, particul

Grover grabs $330M to double down on circular economy with consumer electronics subscriptions

A growing number of people are looking for ways to live more sustainably amid increasing concerns over the environment and what we humans keep doing to pollute it. Today, a startup called Grover, whic

Cross River Bank goes from tiny to mighty, with a $3B+ valuation and a crypto-first strategy

Financial technology startups raised $121.6 billion last year — up 153% year-over-year in terms of global VC deal value — and include a range of outfits, from payments companies to digital banks t

Flutterwave backs UK fintech Dapio in $3.4M round for its contactless payments play

Dapio, the U.K.-based cashless payment solutions provider for businesses, today announced that it has raised $3.4 million to fuel the launch of its ‘Tap to Pay’ solution for Android users in the U

Intergiro de-cloaks as a new fintech startup in ’embedded banking’

“Embedded commerce” started with things like PayPal and has evolved with products like Stripe, many years later. But “embedded finance” is appearing as a new wave in fintech, w

Ghana’s OZÉ gets $3M to scale its digital recordkeeping and embedded finance products

OZÉ, a Ghanaian fintech startup that provides digital recordkeeping tools with embedded finance products to medium and small businesses, has raised a $3 million pre-Series A round. The startup’s ne

Global Processing Services adds $100M to its coffers to grow its embedded finance and API payments platform

Embedded finance continues to be the engine driving the growth of fintech, with one group of companies building core banking, payments and other financial technology, and a much bigger group tapping t

Nigeria’s SeamlessHR raises $10M to expand HR and payroll solutions across Africa

Africa’s appetite for cloud computing software continues to increase as connectivity and bandwidth opportunities push boundaries. Per reports, the continent’s cloud computing industry coupled with

Novo, the SMB neobank, nabs $90M at a $700M valuation

Novo, the startup building a new kind of banking service from the ground up for small and medium businesses, has closed a significant round of funding to take the next step in growing its platform. It

SF’s Tradeshift, a supply chain finance platform, raises $200M

Tradeshift — the late-stage startup tackling supply chain financing — has announced a $200 million funding round in equity and debt from a combination of existing and new investors, including Koch

Nigeria’s OnePipe raises $3.5M to double down on its embedded finance offering

Last year, fintech API infrastructure players came into the African tech scene, ushering in Plaid-like services to businesses and developers. And the attention on these companies, particularly from ve

Digital restaurant startup Zak orders up new capital on mission to be ‘Toast of LatAm’

As food operators themselves, ZAK founders saw first-hand last year the toll it was taking on restaurants that needed to quickly reinvent themselves during the pandemic.

Vendease gets $3.2M to help hotels and restaurants buy food supplies in Africa

Vendease, an online marketplace that allows restaurants and other food businesses to buy supplies straight from manufacturers and farms, has raised a seed round of $3.2 million, the company confirmed

Global Processing Services raises $300M for its API-based payments and embedded finance platform

Embedded finance continues to be a major theme in the world of fintech, with a wide swathe of new financial services companies tapping APIs built by others to power payments and other financial transa

Productfy raises $16M to build ‘DeFi for traditional finance’

Productfy Inc., a banking-as-a-service (BaaS) platform that aims to build “DeFi for traditional finance,” has raised $16 million in a Series A round of funding led by CM Ventures. Existing backers

Highnote emerges from stealth with $54M and a plan to take on Marqeta in the world of card issuing as a service

Fintech startups have thrown a curve ball into the world of financial services by building more flexible, cheaper and user-friendly tools to businesses and consumers, who in turn are walking away from

Swan raises $18.7 million to provide embedded banking services

French startup Swan has raised an $18.7 million Series A funding round (€16 million) led by Accel. The company provides a banking-as-a-service platform for other products and services. Embedded fina

UK’s MarketFinance scores $383M to fuel its online loans platform for SMBs

Small and medium businesses regularly face cashflow problems. But if that’s an already inconvenient predicament, it has been exacerbated to the breaking point for too many during the COVID-19 pa

Airwallex raises $200M at a $4B valuation to double down on business banking

Business, now more than ever before, is going digital, and today a startup that’s building a vertically integrated solution to meet business banking needs is announcing a big round of funding to
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