VCs Warn Fintechs to Rethink Business Models or Risk Losses
It was with some surprise then, when the global financial crisis struck, that many of the startups that had seemed so rebellious and innovative were found to be just as…
Fintech
Keep track of the latest financial technology innovations, including disruptor banks, expense management startups, and payment services.
round PhonePe Reaches $12 Billion Valuation in India Funding Round
While other startups have been raising millions in new funding rounds, PhonePe has done it amidst the uncertainty that is emanating from the fallout of Flipkart’s tumultuous separation with its…
AI-Enabled Automated Ad Platform Empowers Real Estate Agencies in South Africa
Technology has transformed how businesses operate, yet the process of selling and buying property has largely remained unchanged. Social media may be the key to changing this, as proptech companies…
Tabby Surges with $58M Raise and PayPals Maiden Investment in the GCC
Tabby offers consumers the ability to pay for purchases using a tab on their smartphone, instead of carrying around a separate payment method. The firm has ambitions to become India’s…
Delphia Co-Founder Removes Self After Sexual Assault Allegations
Delphia has been facing a lawsuit and allegations that its co-founder and CTO Cameron Agius-Westland sexually assaulted and harassed a former employee. The claims have resulted in Delphia facing a…
Ventures PeopleFund Closes $20M Series C Extension Led by Bain Capital Ventures
One of the newest arrivals to Korea’s $1.5 trillion lending market is PeopleFund, which enables borrowers and investors to connect through a marketplace. Launched in 2017, PeopleFund has now raised…
Kwara FinTech Closes $3M Seed Extension, Expands to Over 4K Credit Unions
Kwara’s goal is to digitize credit unions and make them more accessible to the Kenyan population, who traditionally mistrust financial institutions. The company has seen success in this area, with…
Tesla Models Now Qualify for EV Tax Credits After 20% Price Reduction
Get the biggest TechGround stories delivered to your inbox daily at 3 p.m. PST – subscribe now! The team who attended CES is back, and Brian’s CES 2023 debrief captures…
BlackRock Invests in SMB 401(k) Provider Human Interest
BlackRock, an investment powerhouse, announced on Friday that it is taking a minority stake in Human Interest – a venture-backed fintech startup. The company is leading the financing round for…
Greenlight Lays Off 104 Employees to Cut Costs
Greenlight, a fintech startup offering debit cards to kids, has laid off 21% of its workforce – 104 employees out of 485 – due to the economic slowdown. This decision…
