Nimbbl, an Indian startup that offers a one-click payment checkout solution for merchants, has raised $3.5 million in seed and pre-Series A funding from Sequoia Capital India, Global Founders Capital (GFC), financial services platform Groww and a list of angel investors. The Mumbai-based startup’s solution works with a list of payment methods, including various Buy […]
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous week. […]
Google has taken down hundreds of loan apps from the Play Store in Kenya since its new policy, which requires digital lenders in the East African country to submit proof of license, went into effect in January. The policy came in the wake of Kenya’s Digital Credit Providers (DCP) regulations last year, which required entities […]
Payments and shopping service Klarna is the latest company to announce its integration with ChatGPT. The company said it is “one of the first brands to work with OpenAI to use its protocol to build an integrated Plugin for ChatGPT” and is rolling out a personalized shopping experience that provides product recommendations when Klarna users […]
Beam, a five-month-old startup out to more easily help general contractors pay subcontractors and get paid themselves, has raised $4 million in a seed funding round led by Accel. Both the startup’s founder and lead investor previously spent years working at payments giant Stripe. Before starting Beam in October of 2022, Adam Eagle had spent […]
The funding landscape in Southeast Asia is still wintery, but one fintech managed to land a major round. Kredivo Holdings, which offers credit services to underbanked consumers in Indonesia and Vietnam, has raised $270 million in what it says was an oversubscribed Series D. The round was led by Japanese bank Mizuho Bank, a subsidiary […]
Proptech company Roofstock has laid off about 27% of its staff today, according to an email sent to employees viewed by TechCrunch. The cuts come just five months after the startup laid off 20% of its workforce. The company’s website states that it has 400+ employees, or “Roofsters” as they’re dubbed, but it is not […]
In yet another example of how competitive the spend management space has become, Brex announced today that it has expanded into travel. Besides seeking to snag market share from incumbents such as Concur, Brex is also taking on startups such as Navan (formerly called TripActions) — which actually started its business focused on travel expense […]
Fintech startup Checkout.com is better known for its payment processing service, but the company is launching a new product today: its customers can now create payment cards for their own customers. The company has been testing Checkout.com Issuing for a while, and millions of cards have already been created with the new service. Checkout.com supports […]
After calling off its plans to go public via a SPAC at a $10.4 billion valuation in 2022, trading platform eToro has secured $250 million in funding at a $3.5 billion valuation. The money is not a typical equity round: it comes by way of an Advanced Investment Agreement (AIA), eToro founder and CEO Yoni […]