Just when Beatriz Acevedo thought she was out, an opportunity to start Suma Wealth pulled her back in. The California-based company, which exhibited as part of the Battlefield 200 at ZebethMedia Disrupt, is designed for Latinos and offers in-culture financial content, products and experiences to help them gain control of their economic power and build […]
When Uils launched in 2021, it was a car rental service for rideshare drivers. But after the founders realized that many rideshare drivers don’t have access to credit, particularly in Latin America, the Buenos Aires-based company pivoted to fintech, offering financial services to drivers through a behavioral scoring engine based entirely on a person’s driving […]
We no longer live in the era of the 60/40 portfolio, VC says A 60/40 investment portfolio, in which 60% is invested in stocks and 40% in bonds, was long considered classic. But that’s no longer the case, as many investors are now diversifying beyond publicly traded assets. Alternative investments, or alts, are a direct […]
When Parker Conrad founded Rippling in 2016, the HR company initially focused on the process of onboarding employees. It has since evolved to manage all aspects of employee data, from payroll and benefits, to the apps employees use, to a device management platform that enables Rippling’s customers to retrieve, wipe clean and store employee computers […]
Banyan, a platform for product purchase data that allows customers such as banks, fintechs, hotels and merchants to automate expense management and more, today announced that it raised $43 million in a Series A funding round — $28 million in equity and $15 million in debt — led by Fin Capital with participation from M13, […]
Challenger bank N26 is launching a new trading feature in its app — N26 Crypto. Users will be able to easily trade crypto assets using money in their N26 account. Behind the scenes, N26 is partnering with Bitpanda to handle trading and custody. N26 is going to slowly roll out N26 Crypto across Europe. At […]
As consumers turn to content creators to influence their online shopping habits, Klarna, the buy now, pay later platform, today launched a new Klarna Creator app for retailers and influencers to collaborate on brand campaigns and to track earnings, performance and sales. Klarna’s creator platform allows over 50,000 vetted creators to have access to leading […]
Cross-border payments startup Thunes is partnering with Visa, in a move that will add more than 1.5 billion new endpoints to Visa Direct’s digital payments network. This enables many more consumers and small businesses to send funds to markets in Africa, Asia and Latin America, where digital wallets are often the default payment method. Based […]
Last year, MaxAB, the food and grocery B2B e-commerce and distribution platform serving a network of traditional retailers across Egypt and Morocco, raised its $55 million Series A in two tranches; the latter accompanied its acquisition of the Morocco-based and YC-backed WaysToCap. The moves signaled MaxAB’s ambition to dominate Egypt’s and North Africa’s B2B retail […]
Nexta, an Egyptian startup that plans to launch its banking app in the coming months, has secured a $5 million investment from eFinance Group, a state-owned provider of digital payments solutions. This news follows the $2 million pre-seed round Nexta announced this March, which Egyptian early-stage VC Disruptech led. Last year, Nexta obtained a provisional […]
