Railsr, the UK embedded fintech once valued at nearly $1B, goes into bankruptcy protection under new consortium owner
Startups are facing a moment of reckoning in the current economic climate, and today one of the more promising in the world of fintech has cracked under the pressure. Railsr, the London, U.K. embedded
How can fintech startups outlast the VC winter?
In this operating environment, startups have a better chance of impressing investors if they can point to tangible results.
Railsr, the fintech formerly known as Railsbank, raises $46M
Embedded banking has been on a growth tear in the last several years as companies turned to APIs to embed financial services like credit, payments and deposits to grow their revenues. Now, with the t
Daily Crunch: Xeneta raises $80M to build out its real-time analytics platform for shipping and air freight
Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
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.
Runa Capital kicks off new fund as it joins the VC ‘Scramble for Europe’ by moving to Luxembourg
TechCrunch understands Runa Capital, which launched in 2010, has raised $55 million toward its fourth fund, aiming for a target of $250 million. The company is declinging to comment. However, after 12
Pakistan’s Neem raises $2.5M to serve underbanked communities with its embedded finance platform
Pakistan’s embedded finance platform Neem has raised $2.5 million in a seed funding round as it works to support underbanked communities in the country. The Karachi-based startup targets communi
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.
Kenyan fintech Pezesha raises $11M backed by Women’s World Banking, Cardano parent IOG
Access to finance remains a key growth constraint for small businesses, with data showing a $330 billion financing deficit for the small enterprises that make up 90% of Africa’s businesses. This is
Nigerian YC-backed startup Anchor comes out of stealth with $1M+ to scale its banking-as-a-service platform
In 2015, the emergence of fintechs such as Flutterwave and Paystack changed the game for online businesses in Africa by making it easier to integrate payments into customer interfaces without building
Deposits banks $5M for its plug-and-play approach to financial product creation
The company enables its customers to quickly and easily create digital banking features without the need for developers.
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