Tiger Global, YC back Rebill's subscription payment platform for Latin America

Rebill, an Argentina-based startup, raised $3.6 million to continue building automated payment collection and subscription management tools for Latin America. The funding announcement includes $600,000 from a pre-seed tranche. The $3 million seed round was led by Tiger Global Management and include

Tiger Global doubles down on Indian savings and investments app Jar

Tiger Global has led a new funding round in Jar, the Indian fintech that is helping millions of Indians save small amounts to invest in digital gold as the startup gears up to launch a host of new offerings including insurance, mutual funds and lending. Jar said Thursday it has raised $22.6 million

Funding Circle co-founder unveils new Super Payments fintech venture with $27M investment

Funding Circle co-founder Samir Desai has unveiled a new U.K. fintech startup called Super Payments, a venture he founded back in February but which very little was known about until now. Reports emerged a few months back that Desai had raised around $30 million for this new company, and today this

Phantom's Brandon Millman opens his wallet on web3 growth and risk at TC Sessions: Crypto

VC firms love growth, and despite predictions of winter settling in across the cryptoverse, the global crypto wallet forecast is anything but chill. Estimates expect that the crypto wallet market will grow by $686.05 million between 2022 and 2026. Phantom, one of the top Solana-focused wallet apps,

Farther, a wealth tech firm, banks $15M Series A as valuation hits $50M

Building wealth is a long process and can be complex, but Farther is bringing both technology and advisors to the table to make these kinds of services more accessible. The wealth technology company was co-founded in 2019 by Taylor Matthews and Brad Genser, who say Farther is “a new kind of finan

Amazon expands palm-scanning payment tech to 65 more Whole Foods locations

Amazon’s “One” palm scanner payment technology will be launching at over 65 Whole Foods stores in California. This is the biggest rollout to date, with stores in Malibu, Montana Avenue, Santa Monica, Los Angeles, Orange County, Sacramento, the San Francisco Bay Area, and Santa Cru

India toughens digital lending rules to provide greater transparency, control to consumers

The Reserve Bank of India has published guidelines that it intends to enforce for digital lending firms, recommending more transparency and control to customers as the South Asian nation's central bank moves to take further steps to crack down on sketchy practices and creditors. The guidelines,

QED makes its first African investment, backing Nigerian fintech TeamApt in $50M+ deal

QED Investors, a U.S. fintech-focused venture capital firm, has led a new investment in TeamApt, a Nigerian fintech that provides business payments and banking platforms. The investment was over $50 million, according to sources familiar with the matter, though neither QED nor TeamApt would confirm

Truework, which helps lenders verify borrowers’ income and employment, raises $50M

Truework, a company that builds technology for mortgage and consumer-centric lenders to instantly verify the income and employment of borrowers, has raised $50 million in a Series C round of funding led by G Squared. Founded in 2017, San Francisco-based Truework integrates with payroll providers in

Groupon cuts over 500 staff, plans to focus ‘only on mission-critical activities’ from now on

Chicago-based Groupon today laid off more than 500 of its employees — 15% of its 3,416-person headcount — according to posts from former employees on social media. The reduction impacted workers in teams including merchant development, sales, recruiting, engineering, product and marketi

The party's over: Tips for tracking and reporting monthly startup expenses and revenue

Until recently, tech startups traditionally enjoyed relative freedom from financial oversight from the venture capitalists who funded them. As long as these firms could report progress in developing their products and generating some level of earnings from sales and software subscriptions, they cou

Pakistan central bank orders startup Tag to refund customers

The State Bank of Pakistan, the South Asian nation’s central bank, has ordered fintech Tag to “immediately” refund all funds to customers citing violation of regulatory requirements and “other concerns,” posing existential questions on the startup’s future. The r

BlackRock hops on bitcoin bandwagon with new Coinbase tie-up

After years of resisting, the world’s largest asset manager has finally taken the plunge into crypto in a substantial way. BlackRock, which oversees $10 trillion in assets, is partnering with publicly traded Coinbase to provide its institutional clients with access to cryptocurrency. Bitcoin

FTC slams Opendoor with $62M settlement over false advertising claims

Opendoor has agreed to pay $62 million to settle charges by the Federal Trade Commission, which says the company's claims that it helps people make more money by selling their house to the company rather than listing it on the open market were deceptive. For years, the real estate technology co