Fintech

Technology aimed at older people, whether it be healthcare, fintech or entertainment, is not new, but a new community of startups, investors and global industry leaders are shining a light on what they say is an $8.3 trillion opportunity. AgeTech Collaborative from AARP is bringing together organiz

Oxygen, a startup that is bringing digital banking services to freelancers and micro- and small-sized businesses, is in talks to raise a new round at a valuation of over $500 million, two sources familiar with the matter told me. The San Francisco-headquartered firm is in advanced stages of talks t

Indonesia-based startup GoTo Group announced today it has secured more than $1.3 billion in the first close of its pre-IPO funding.  The latest round was led by Abu Dhabi Investment Authority (ADIA), with participation from Avanda Investment Management, Fidelity International, Google, Permodalan N

Restaurant operators typically focus on good food and customer service, but when customers stopped coming in during the pandemic, many had to learn how to reach them in new ways. Childhood friends David Grandes and Andres Andrade, both originally from Ecuador, started Mimic in 2018 in Brazil as a d

Investor interest in African fintech continues to grab headlines with large fundraises. Today, Africa's largest digital payments network MFS Africa joins the fray. The company confirmed to technewss that it has raised $100 million in Series C financing — split between $70 million equity and

Discord is already the de facto home for NFT communities, but the company could be planning to deepen those connections in a big way. On Monday, Discord founder and CEO Jason Citron tweeted a screenshot depicting Discord integrated with popular crypto wallet service MetaMask and WalletConnect, an o

Block Renovation wants to be a part of every home renovation in America after raising $50 million in Series C funding led by SoftBank Vision Fund 2. The New York-based company is carving out its piece of the $450 billion U.S. home renovation market with its homeowner and contractor tool to digitize

The tax code contains provisions that encourage investments in the technology startup ecosystem and small businesses by rewarding founders, VCs and investors for taking high levels of risk in founding or investing in a startup. One of these provisions is the Qualified Small Business Stock (QSBS) or

While Tesla invested $1.5 billion in bitcoin, Gary Gensler, the chairman of the U.S. Securities and Exchange Commission, called the cryptocurrency space the “Wild West.” Meanwhile, in China, the government created its own digital currency while abruptly canceling the IPO of its most well-known

Since it was founded in 2012, Blend has signed up some of the biggest banks in the country — including the likes of Wells Fargo and U.S. Bank — as well as a bevy of smaller, more traditional financial institutions across the U.S.. Now, it's setting its sights on the startup and fintech mark

Shares in Kakao Pay, the fintech unit of South Korea's largest messaging app operator Kakao Corp, closed up 114% in its market debut on Wednesday. The Ant Financial-backed company ended day one of trading at $163.30 (193,000 won), securing a market capitalization of $21.2 billion. 

Chipper Cash, an African cross-border payments company, has raised $150 million in a Series C extension round led by Sam Bankman-Fried's cryptocurrency exchange platform FTX. The investment comes barely six months after Chipper Cash closed its first Series C round of $100 million, led by SVB Ca

Two months into 2021, South African fintech Stitch came out of stealth and raised $4 million in seed funding, allowing it to begin to make inroads into Nigeria some months ago. Today, Stitch formally announced the expansion into Nigeria and a seed extension of $2 million to go with it; the total

The $1 trillion bipartisan infrastructure bill and President Joe Biden's larger domestic policy package garnered national interest because of the bipartisan struggles and brief periods of unity for the United States. Now, in the passed legislation, there is $100 million earmarked over five year