Startup News

November 12, 2024

Picture: https://www.getnews.info/wp-content/uploads/2024/11/1731352433.jpeg Quasar Markets celebrates a double win at the 2024 FinanceFeeds Awards for fintech and AI innovation. Quasar Markets (https://quasarmarkets.com/), a leading financial services platform founded by Steven E. Orr, has been crowned a winner in two categories at the 2024 FinanceFeeds Awards, winning Fintech Startup of the Year and AI Startup of the

November 12, 2024

Fintech startup Parker closed a $20 million Series B funding round on November 8, led by Valar Ventures with support from Y Combinator. This brings their total funding to $58 million in venture capital and $120 million in debt financing. Parker, a financial platform designed for the e-commerce industry, aims to equip internet entrepreneurs with

November 11, 2024

Managing payroll is difficult in any country, but perhaps especially in Brazil, due to constantly changing laws and extremely influential unions that make managing salaries much more difficult. Fernando Gadotti struggled with this as co-founder and CEO of DogHero, the LatAm version of Rover. When Gadotti left the company in 2022, after selling it in

November 11, 2024

Nigerian startup ETAP, which creates solutions and incentives to deepen insurance penetration in Africa, has acquired an operational license from the National Insurance Commission (NIC) of Ghana, the first of its kind, allowing it to process claims, collect premiums and provide other innovative solutions. automobile insurance products and services. Launched in April 2022, ETAP offers

November 11, 2024

Quasar Marketsa leading financial services platform founded by Steven E. Orrwas crowned winner of two categories at the FinanceFeeds Awards 2024, capture the Fintech Startup of the Year And AI Startup of the Year securities. Launched with the aim of becoming "the Amazon of finance", Quasar Markets is distinguished by its approach integrating artificial intelligence

November 11, 2024

When the U.S. federal government cut interest rates by half a percentage point last week, it was good news for venture capitalists backing a particularly struggling class of startups: fintechs, in especially those who rely on loans to obtain liquidity to operate their businesses. These companies include corporate credit card providers like Ramp or Sidewhich

November 9, 2024

Date Name Sector Sub-sector Economic model Funding round size Type of financing cycle Investors Lead Investor October 29, 2024 Finova Capital Financial technology Lending Technology B2B-B2C $135 million E Series Avataar Venture Partners, Sofina, Madison India Capital, Norwest Venture Partners – October 29, 2024 Real estate financing Vridhi Financial technology Lending Technology B2C $36.9 million

November 9, 2024

SUMMARY Fintech startup Cashfree Payments has launched a cross-border payments pilot in partnership with Swiggy, Zepto, Nature's Basket, Nykaa, Bookmyshow, Redbus and Vedantu.This pilot program is aimed at users of UPI and RuPay cards, which are not generally recognized for global transactions.The Bangalore-based startup also received the Prepaid Payment Instrument (PPI) license from RBI a

November 9, 2024

Based in Hamburg Tomorrowsustainable banking player, raised nearly €5 million in financing. Existing investors Abacon Capital, ETF Partners and Kopa Ventures as well as first investor IFB Innovationsstarter participated in this round. Existing investors are also participating in the round by converting convertible loans worth tens of millions of euros. These investors include Abacon Capital,

November 9, 2024

Bengaluru-based fintech unicorn Razorpay's profits grew more than 4x in the financial year ending March 31, 2024. The Peak XV-backed startup reported a profit of INR 33.5 Cr, i.e. a jump of 365% compared to the INR 7.2 Cr announced the previous one. year. The startup's rise in profits is attributed to its increase in

November 8, 2024

The success of a young Nigerian digital product designer at this year’s Hackathon highlights the growing opportunities in Qatar’s tech space. At this year's Qatar Innovation Hackathon, Ajiri Omafokpe used his six years of fintech experience to drive product creation through an intense competition. Candidates were challenged to use digital technologies— such as machine learning

November 8, 2024

MODIFI, a global B2B Buy Now, Pay Later (BNPL) solutions platform, announced the completion of a $15 million project funding round led by SMBC Asia Rising Fund. The round also saw participation from existing investors Maersk, IntesaSanPaolo, Heliad and other leading global investors. Sumitomo Mitsui Banking Corporation (SMBC), one of Japan's leading banks and a