Forge, the marketplace for trading private company shares formerly known as Equidate, announced that it will be acquiring custodial trust company IRA Services for a purchase price of $55 million. IRA Services is a trust company that provides custodial services for retirement accounts managed by individuals and mid-to-large sized Institutions. Stripped of financial jargon, the […]
View More Forge acquires IRA Services to expand offering for private company sharesCategory: Banking
Social investment platform eToro acquires smart contract startup Firmo
Social investing and trading platform eToro announced that it has acquired Danish smart contract infrastructure provider Firmo for an undisclosed purchase price. Firmo’s platform enables exchanges to execute smart financial contracts across various assets, including crypto derivatives, and across all major blockchains. Firmo founder and CEO Dr. Omri Ross described the company’s mission as “…enabl[ing] our […]
View More Social investment platform eToro acquires smart contract startup FirmoMarqeta files to raise $250M on a $1.9B valuation
The world of digital payments continues to power ahead — fuelled by the continuing growth of e-commerce and fintech — and now one of the bigger startups making waves in the secotr is raising a huge round of funding. TechCrunch has learned that Marqeta — a payment processing company that works in the area of […]
View More Marqeta files to raise $250M on a $1.9B valuationNigerian fintech startup OneFi acquires payment company Amplify
Lagos based online lending startup OneFi is buying Nigerian payment solutions company Amplify for an undisclosed amount. OneFi will take over Amplify’s IP, team, and client network of over 1000 merchants to which Amplify provides payment processing services, OneFi CEO Chijioke Dozie told TechCrunch. The move comes as fintech has become one of Africa’s most […]
View More Nigerian fintech startup OneFi acquires payment company AmplifyMovius raises $45M for its business communications service
Atlanta-based Movius, a company that allows companies to assign a separate business number for voice calls and texting to any phone, today announced that it has raised a $45 million Series D round led by JPMorgan Chase, with participation from existing investors PointGuard Ventures, New Enterprise Associates and Anschutz Investment company. With this, the company […]
View More Movius raises $45M for its business communications serviceSingapore fintech startup Instarem closes $41M Series C for global growth
Singapore’s Instarem, a fintech startup that helps banks and consumers send money overseas at lower cost, has closed a $41 million Series C financing round to go after global expansion opportunities. The four-year-old company announced a first close of $20 million last November, and it has now doubled that tally (and a little extra) thanks […]
View More Singapore fintech startup Instarem closes $41M Series C for global growthCXA, a health-focused digital insurance startup, raises $25M
CXA Group, a Singapore-based startup that helps make insurance more accessible and affordable, has raised $25 million for expansion in Asia and later into Europe and North America. The startup takes a unique route to insurance. Rather than going to consumers directly, it taps corporations to offer their employees health flexible options. That’s to say […]
View More CXA, a health-focused digital insurance startup, raises $25MInvesting app Stash raises $65M, launches banking and ‘stock-back’ rewards with Green Dot
Stash, the fintech startup and app that aims to introduce new people to the world of investing, is unveiling some interesting new services while also announcing that it has raised more funding to expand its business. The company is introducing mobile-based banking accounts from Green Dot Bank; and alongside it, a new rewards program it […]
View More Investing app Stash raises $65M, launches banking and ‘stock-back’ rewards with Green DotPayPal now lets US users instantly transfer funds to bank accounts in seconds
PayPal, a longtime alternative to directly using payment cards, cash and bank transfers to make payments for goods online and in stores with 267 million individual customer accounts and 21 million merchant accounts, is today adding in a new feature to help it tap into a wider range of customers such as gig economy workers […]
View More PayPal now lets US users instantly transfer funds to bank accounts in secondsAfrica Roundup: Kenya’s BRCK acquires EveryLayer, Nigeria’s TeamApt eyes global expansion
Kenyan communications hardware company BRCK acquired the assets of Nairobi based internet provider Surf and its U.S. parent EveryLayer in a purchase deal of an undisclosed amount in February. Based in Nairobi, Surf is a hotspot service provider aimed at offering affordable internet to lower income segments. BRCK is a five year old venture that pairs its rugged WiFi routers […]
View More Africa Roundup: Kenya’s BRCK acquires EveryLayer, Nigeria’s TeamApt eyes global expansionU.S. mobile bank Chime raises $200 million, valuing its business at $1.5 billion
San Francisco-based mobile banking startup Chime announced this morning it has raised an additional $200 million in Series D financing led by DST Global, valuing its business at $1.5 billion. The oversubscribed round also included participation from new investors Coatue, General Atlantic, ICONIQ Capital and Dragoneer Investment Group, along with existing investors Menlo Ventures, Forerunner […]
View More U.S. mobile bank Chime raises $200 million, valuing its business at $1.5 billionHow far are you willing to go for growth?
There is a deep dilemma facing startup founders that I think just isn’t brought to light often enough. On one hand, almost all (and I do mean almost all) founders are reasonably ethical people. They can be over-optimistic, they can over-promise, they can be inexperienced around management, but at their core, they want to improve […]
View More How far are you willing to go for growth?