Fintech

Danielle Cohen-Shohet developed a tech platform to help spa, studio and salon industry owners manage their operations. She had seen firsthand the challenges of running a small business as a freelance makeup artist, one of her jobs while she was a student at Princeton. So she taught herself how to c

French startup Regate has raised a $20 million Series A funding round (€20 million) led by Valar Ventures. The company has built a modern software-as-a-service product that integrates directly with your existing accounting stack and connects with your corporate bank account. This way, you can aut

Samsung has launched two credit cards in India, entering a crowded category that sees more than 50 companies fiercely compete for consumers’ attention in the world’s second largest internet market. The South Korean giant said it has partnered with the Mumbai-headquartered Axis Bank and

Arbor Ventures, funder of fintech and shopping startups like installment loan company Tabby and Amazon brand factory Heyday, has locked down $193 million toward its largest fund to date, technewss has learned. The Singapore-based VC focuses on early-stage financial tech startups, but it operates

Pie Insurance, which provides workers' compensation insurance to small businesses, has closed on a $315 million Series D round of funding. In 2021, the size of this round wouldn't have turned heads. But in today's environment, where investors are pulling back and venture funding has slo

In just six years, UPI has become the most popular way Indians transact online. The mobile electronics payments system was used for over 6.57 billion transactions in the world's second largest internet market last month. Now, it's taking steps to supercharge its growth. The payments network

As fintechs become more efficient, so too do fraudsters. “Faster instant payments mean faster fraud,” Sardine CEO and co-founder Soups Ranjan told technewss. That’s the thesis behind his startup, which uses behavioral, financial and device-specific user data to detect fraud on be

For more than half a decade, Zopper built a platform for small- and medium-sized businesses, helping merchants with invoicing and payments through its point-of-sale platform. It sold that IP to PhonePe in mid-2018, but instead of joining the fintech giant, Zopper has been working on a new venture f

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 EMEA (Europe, Middle East and Africa) at Class 5 Global, a San Francisco-based venture fund with a keen i

U.K.-based fintech Lightyear is extending its stock-trading offering to include a wide selection of U.K. and European stocks, as well as exchange traded funds (ETF). The news comes just a couple of months after Lightyear launched outside the U.K. for the first time, arriving in 19 European markets,

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 $37.5 million Series B, $30 million of which is in equity financing led by Valar Ventures and other e

India plans to mandate which loan apps are allowed on app stores in the country, the latest in a series of recent steps from the world’s second largest internet market to crack down on sketchy and unethical lenders. The Reserve Bank of India, the country's central bank, will prepare a “

Crypto founders have heard the saying a thousand times in the past few months — there's no better time to build than during a downturn. In Y Combinator's latest cohort, there are 30 crypto startups, up from 25 the batch prior, showing that the accelerator, and the founders it is betti

In 2011, the Nigerian government launched a financial inclusion initiative and set a target to include 80% of the country’s adult population. Although only a target of 64% was met by the end of the decade, one positive from the exercise is that achieving financial inclusion across the country