Latin American small businesses just got a big boost with a new commitment for a $200 million lending joint venture between the Bogota-based startup Portal Finance and Latin America’s largest financial services institution, BTG Pactual. For Portal Finance, the deal with BTG caps a meteoric rise, which has seen the company raise $1.5 million at […]
View More Lending startup Portal Finance nabs $200 million for small business loans in Latin AmericaCategory: Bank
What happens when hackers steal your SIM? You learn to keep your crypto offline
A year ago I felt a panic that still reverberates in me today. Hackers swapped my T-Mobile SIM card without my approval and methodically shut down access to most of my accounts and began reaching out to my Facebook friends asking to borrow crypto. Their social engineering tactics, to be clear, were laughable but they […]
View More What happens when hackers steal your SIM? You learn to keep your crypto offlineJapan’s Freee raises $60M to grow its cloud accounting business
Japan-based accounting software company Freee, one of the country’s most-prominent startups, has raised a $60 million Series E funding round as it bids to expand its services into other areas of management for its customers. Freee was founded six years ago — we wrote about the startup when it raised a Series A in 2013 — […]
View More Japan’s Freee raises $60M to grow its cloud accounting businessThe dramatic rise and fall of online P2P lending in China
Editor’s note: This post originally appeared on TechNode, an editorial partner of TechCrunch based in China. When Emily Zhang was interning with a peer-to-peer (P2P) lending firm in the Summer of 2016, her main task was to carry out research on other P2P lending firms. She found the rates of return tempting and some underlying […]
View More The dramatic rise and fall of online P2P lending in ChinaOval Money app launches its investment products for millennials
Back in April Oval Money launched with the idea of combining expense tracking, saving, and investing into one app, while also adding a social element by enabling its community of users to share tips and suggestions to one another. The idea is to help users grow their savings in less time by teaching them to […]
View More Oval Money app launches its investment products for millennialsYugaByte’s new database software rakes in $16 million so developers can move to any cloud
Looking to expand the footprint of its toolkit giving developers a unified database software that can work for both relational and post-relational databases, YugaByte has raised $16 million in a new round of funding. For company co-founder, Kannan Muthukkaruppan, the new database software liberates developers from the risk of lock-in with any provider of cloud […]
View More YugaByte’s new database software rakes in $16 million so developers can move to any cloudNaspers is in talks to invest in Southeast Asia’s Carousell
Naspers, the South Africa-based firm that famously backed Chinese giant Tencent in its infancy, is in talks to invest in Singapore-based startup Carousell, according to two sources with knowledge of discussions. Carousell offers a mobile app that combines listings with peer-to-peer selling across Southeast Asia, Taiwan and Hong Kong. That makes it well-aligned with Naspers’ portfolio, […]
View More Naspers is in talks to invest in Southeast Asia’s CarousellWorkFusion adds $50 million from strategic investors as it bulks up for acquisitions
WorkFusion, a business process automation software developer, has raised $50 million in a new, strategic round of funding as it prepares to start adding new verticals to its product suite. The company’s new cash came from the large insurance company, Guardian; health care services provider New York-Presbyterian, and the commercial bank, PNC Bank. Venture investor […]
View More WorkFusion adds $50 million from strategic investors as it bulks up for acquisitionsSeattle’s new venture firm, Flying Fish, holds a first close on its targeted $80 million fund
The founding partners of the new Seattle-based venture firm Flying Fish met as angel investors deploying capital in the talent-heavy, cash-light region around Amazon and Microsoft’s corporate headquarters. “We’ve underperformed relative to the talent pool,” is how Heather Redman, one of the firm’s three founding partners describes the region. Well, now Flying Fish has held […]
View More Seattle’s new venture firm, Flying Fish, holds a first close on its targeted $80 million fundIs venture capital ready for companies with no founders?
Hemant Taneja Contributor More posts by this contributor The tech industry needs to move towards responsible innovation in 2018 Why pulling out of Paris Accord damages America’s economic future Initial coin offerings (ICOs) — a funding mechanism based on the technology behind cryptocurrencies like bitcoin — are a hot new way to launch a startup […]
View More Is venture capital ready for companies with no founders?Polish bank begins using a blockchain-based document management system
A blockchain company called Coinfirm has announced a partnership with PKO BP, a major Polish bank, to provide blockchain-based document verification using a tool called Trudatum. The project is a an actual implementation of one of the primary benefits of blockchain-based tools, namely its ability to permanently and immutably store data. This announcement brings blockchain […]
View More Polish bank begins using a blockchain-based document management systemRevolut adds direct debits in Europe
Fintech startup Revolut is slowly making traditional bank accounts irrelevant. The company is adding direct debits in EUR to make it easier to pay for utilities and subscription services. While Revolut is currently applying for a banking license, the company has already been adding everything you need to replace your bank account with a Revolut […]
View More Revolut adds direct debits in Europe