financial infrastructure
How to solve the financial close dilemma: 3 strategies that never fail
When it comes to the closing process in financial and accounting reporting, what can and should be automated?
Two years before Youcef Oudjidane co-founded Sudanese fintech Bloom after failing to find startups tackling currency depreciation in Africa to invest in, he was the managing partner and head of…
While it’s still unclear what the winning models for web3 gaming will be, it seems likely that the next exponential growth in blockchain adoption will be driven by gaming and…
Banking-as-a-service startup Unit closes on $100M at a $1.2B valuation
Unit, a banking-as-a-service startup, has closed on a $100 million Series C round of funding led by Insight Partners. Existing backers Accel, Better Tomorrow Ventures and Flourish Ventures also participated…
MARA raises $23M from Coinbase Ventures and FTX to build Africa’s portal to the crypto economy
The use of cryptocurrency in sub-Saharan Africa, particularly among its young people, cannot be overstated. Data from blockchain intelligence firm Chainalysis says the region’s crypto usage grew 1,200% last year,…
Amberdata raises $30M to chase the ‘unlimited opportunity’ of bringing traditional finance into web3
Amberdata, an institutionally focused digital asset data provider, has raised $30 million in its Series B, its CEO Shawn Douglass exclusively told TechCrunch. The company is now valued at $330…
Uniswap Labs COO says mainstream crypto adoption hinges on accessibility and ease
Throughout the web3 world, companies, protocols and projects alike are pushing to onboard a billion users — what they see as the tipping point for cryptocurrency use to grow exponentially.
Archie aims to remove the complexity of managing freelancers
Archie is developing a financial infrastructure for the freelance economy.
Payments giant Stripe already powers a pretty major swath of the web’s financial infrastructure, now it’s launching crypto payments support to give customers an easier path to onboard web3 users…
Airwallex raises $100M at a $5.5B valuation to expand its business banking and payments platform globally
E-commerce and other online businesses are becoming increasingly global in their operations and customer bases, and a startup called Airwallex — which has built a banking solution that addresses the…
A wave of LatAm fintechs are laying down new global commerce rails
When it comes to e-commerce, the world is smaller than ever. Developing a new global financial infrastructure capable of supporting a world dominated by digital commerce is a massive challenge.
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…
A bank for the creator economy, Karat Financial raises $26M in Series A funding
The creator economy is changing the way that people earn a living, whether you’re an Instagram influencer or a freelance graphic designer. But traditional banks haven’t caught up. Take Alexandra…
Orum, which aims to speed up the amount of time it takes to transfer money between banks, announced today it has raised $56 million in a Series B round of…
Jeeves emerges from stealth with $131M in debt and equity and a16z as a lead investor
Jeeves, which is building an “all-in-one expense management platform” for global startups, is emerging from stealth today with $131 million in total funding, including $31 million in equity and $100…
Amount raises $99M at a $1B+ valuation to help banks better compete with fintechs
Amount, a company that provides technology to banks and financial institutions, has raised $99 million in a Series D funding round at a valuation of just over $1 billion. WestCap,…
With backers like Tiger Global, LatAm crypto exchange Bitso raises $250M at a $2.2B valuation
Bitso, a regulated crypto exchange in Latin America, announced today it has raised $250 million in a Series C round of funding that values the company at $2.2 billion. Tiger…
While we are encouraged by the progress the industry has made to return to “normal,” the market for Series A fintech remains challenging for the vast majority of startup founders.
Vista Partners founder calls for a fintech revolution to help pandemic-hit, minority-owned small businesses
The head of what is arguably private equity’s most successful technology investment firm — Vista Equity Partners — made a rare appearance on Meet The Press to discuss the steps…
