Announcing the launch of Daily Fintech’s Fintech 50 Index
Back in Fintech’s early days, in 2015, Daily Fintech manually compiled a list of publicly traded Fintech stocks and published it as a snapshot. Today we are releasing an automated solution called Fintech 50 Index, incubated within Daily Fintech, so that we can cover more stocks and update it regularly. Warning 1; we are not making any…
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XBRL News from China, Switzerland and elsewhere
Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week. 1 Chinese Central Bank releases 22-25 fintech development plan PBOC recently issued the “Fintech Development Plan (2022 – 2025)” (金融科技发展规划（2022-2025年）), which “proposes guidance opinions for the development of fintech in a new…
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Regulatory Sandboxes Chug Along, Find A Place In The Sun
Initially conceptualized for fintech, regulatory sandbox programs have since expanded to other areas. These sandboxes benefit innovators by allowing government regulations to be exempted in usage of new technologies and innovations, until regulators can ascertain the product or service is useful. Buffeting specific themes for new products, sandboxes stimulate business growth and serve to launch…
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SpotOn raises $300M at a $3.15B valuation and acquires Appetize
Last year at this time, SpotOn was on the brink of announcing a $60 million Series C funding round at a $625 million valuation. Fast forward to almost exactly one year later, and a lot has changed for the payments and software startup. Today, SpotOn said it has closed on $300 million in Series E…
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Nigeria’s Prospa gets $3.8M pre-seed to offer small businesses banking and software services
In Nigeria, there are more than 40 million micro-businesses underserved in some form or another regarding banking services. Although some of these businesses have registered bank accounts, gaps exist in how banks use the data available to serve the needs of each business. With banks, presenting a series of transactions as statements is all these businesses…
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Equity Monday: Women’s employment drops, as Delta’s drama continues
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff to catch up on weekend news and prep for the days ahead. We’re here on Tuesday this week since us folks in the United States had off for labor day. You…
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Our favorite startups from YC’s Summer 21 Demo Day, Part 2
Space read-alongs aren’t too far away, if you ask us From beaming actors into the class room to plucking things out of space, the second day of Y Combinator’s S21 Demo Day was a fresh snapshot of what nearly 200 startup teams believe is the future of innovation. Yesterday, the TechCrunch team covered the first half…
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Indian fintech CRED launches peer-to-peer lending feature Mint
India’s CRED, which rewards users for paying their credit-card bills on time, is broadening its offerings to help its 7.5 million members gain more from the service. The Bangalore-based startup said on Thursday that CRED users can now lend to one another at an interest rate of up to 9% annually. Kunal Shah, founder and…
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Revenue-based financing startup Jenfi raises $6.3M to focus on high-growth Southeast Asian companies
Many Southeast Asian digital businesses run into obstacles when seeking early-stage growth financing. They might not want to sell equity in their company, but often struggle to secure working capital loans from traditional financial institutions. That’s where Singapore-based Jenfi comes in, providing revenue-based financing of up to $500,000 with flexible repayment plans that co-founder and…
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