Whether you are part of the accounting department, or just any employee at an organization, managing expenses can be a time-consuming and error-filled, yet also quite mundane, part of your job. Today, a startup called Pleo — which has built a platform that can help some of that work more smoothly, by way of a…
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Following on from mid-June when first-time buyer mortgage lending startup Generation Home raised a $30.4m Series A round and a £300m loan facility from NatWest, it’s now adding to its board. Although known for becoming an Angel investor since leaving Monzo, the challenger bank startup he co-founded, Tom Blomfield hasn’t joined any startup boards. That…
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Neobanks have led the charge as regards venture capital funding for consumer fintech startups. But while they have collectively dominated the fintech space, they don’t operate a monolithic model. There are five distinct models, and the one adopted by Nubank, the $30 billion behemoth, is the credit-led model. Neobanks operating this model start by offering…
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Tiger Global is in advanced stages of talks to back Indian embedded finance startup Yap, according to more than half a dozen people familiar with the matter. The New York-headquartered firm is in talks to lead a $35 million financing round in Yap — also known as YapPay and M2P — that values the Bangalore-headquartered…
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Kikoff, a personal finance platform aimed at helping consumers build credit, announced today that it has raised $30 million in a Series B round. The capital is in addition to the $12.5 million the startup raised across previously unannounced seed and Series A rounds, which were both led by Lightspeed Venture partners. Portage Ventures led…
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The U.K. is gaining in popularity as a great place to start a tech firm. The country is quickly catching up to China on the tech investment front, with VC investments reaching a record of $15 billion in 2020, according to TechNation. A global health crisis notwithstanding, London remained a favorite for investors. U.K. cities…
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US/Israeli startup, Sorbet – which helps companies de-risk themselves against accrued paid time off (PTO) by employees — has raised another $15M, in a round led By Dovi Frances’ Group 11, not long after a $6 million seed round only last April. Sorbet says it removes the burden of PTO from employers, allowing employees to…
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Indian fintech startup BharatPe is in advanced stages of talks to raise about $250 million in a new financing round led by Tiger Global, two sources familiar with the matter told TechCrunch. The new round, a Series E, is giving the three-year-old New Delhi-headquartered firm a pre-money valuation of $2.5 billion, sources said, requesting anonymity…
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Small businesses have traditionally been underserved when it comes to IT — they are too big and have too many requirements that can’t be met by consumer products, yet are much too small to afford, implement or thoroughly need apps and other IT build for larger enterprises. But when it comes to neobanks, it feels…
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BukuWarung, a fintech focused on Indonesia’s micro, small and medium enterprises (MSMEs), announced today it has raised a $60 million Series A. The oversubscribed round was led by Valar Ventures, marking the firm’s first investment in Indonesia, and Goodwater Capital. The Jakarta-based startup claims this is the largest Series A round ever raised by a…
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