Categories financial technology

23 posts

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Multicoin Capital debuts new $100M fund to bet on crypto startups and tokens

Crypto startups couldn’t be hotter as currencies push past all-time-highs and investor appetite reaches mania for new projects. Crypto investment firms that have been investing in blockchain startups for years are not only beginning to see major movement from their portfolio, but are gaining renewed appetite from LPs after a […]

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Mexican unicorn Kavak raises a $485M Series D at a $4B valuation.

Kavak, the Mexican startup that’s disrupted the used car market in Mexico and Argentina, today announced its Series D of $485 million, which now values the company at $4 billion. This round more than triples their previous valuation of $1.15 billion, which established them as a unicorn just a couple […]

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Fraud prevention platform Seon raises a $12M Series A round led by Creandum

Seon, which lets online businesses fight online fraud like fake accounts has raised a $12 million Series A round led by Creandum, with participation from PortfoLion, part of OTP Bank. The funding appears to be one of Hungary’s larger series A rounds to date.   Seon is a fraud-detection startup […]

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Trading platform eToro to go public via SPAC merger in $10B deal

Multi-asset investing and trading platform and Robinhood competitor eToro announced Tuesday it will go public via a merger with SPAC FinTech Acquisition Corp. V in a massive $10.4 billion deal. Once the transaction closes sometime in the third quarter, the combined company will operate as eToro Group Ltd. and is […]

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Socure raises $100M at $1.3B valuation, proving identity verification is hotter than ever

The COVID-19 pandemic has accelerated digital adoption in a way that no one could have ever anticipated, and as more people conduct more services online and via mobile devices, businesses have had to work even harder to validate users and security. One company working to serve that need, Socure — […]

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Fintech companies must balance the pursuit of profit against ethical data usage

Richard Steggall Contributor Share on Twitter Australia native Richard Steggall is the CEO of Urban FT, a New York-based fintech company. He has more than two decades of experience in fintech, capital growth, mergers & acquisitions and strategic IPO advisory. Financial institutions are falling behind the tech curve in delivering […]

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Brazilian lending company Creditas raises $255 million as Latin America’s fintech explosion continues

Creditas, the Brazilian lending business, has raised $255 million in new financing as financial services startups across Latin America continue to attract massive amounts of cash. The company’s credit portfolio has crossed 1 billion reals ($196.66 million) and the new round will value the company at $1.75 billion thanks to […]

CVS becomes first national retailer to offer support for PayPal and Venmo QR codes at checkout

PayPal announced this morning that its customers can now use either PayPal or Venmo QR codes when checking out at over 8,200 CVS retail stores across the U.S. This is the first national retailer to integrate PayPal’s QR code checkout technology at point-of-sale, the company noted. The additional checkout option […]

Extra Crunch roundup: Inside DoorDash’s IPO, first-person founder stories, the latest in fintech VC and more

One of my favorite series of Monty Python sketches is built around the concept of surprise: Chapman: I didn’t expect a kind of Spanish Inquisition. [JARRING CHORD] [Three cardinals burst in] Cardinal Ximénez: NOBODY expects the Spanish Inquisition! I was reminded of this today when I needed to reschedule a few stories so […]

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Extra Crunch roundup: B2B marketplaces, edtech M&A, breaking into the $1M ARR club

I’ve worked at TechCrunch for a little over a year, but this was one of the hardest weeks on the job so far. Like many people, I’ve been distracted in recent days. As I write this, I have one eye on my keyboard and another on a TV that sporadically […]