October 18, 2024
Payment technology company Stripe Inc. is reportedly in talks to acquire fintech startup Bridge Ventures Inc. for $1 billion. According to ForbesThe acquisition negotiations, which are still under discussion and subject to either party withdrawing, would constitute the largest deal made by Stripe to date. Some of the sources cited by Forbes also note that
October 18, 2024
Bengaluru: India's fintech startup ecosystem secured $778 million in funding during the July-September period, reaching second place globally after the United States in terms of fintech funding raised in the third quarter, according to a report released on Tuesday . This growth can be attributed to government initiatives such as the promotion of digital payments
October 18, 2024
Filipino startup OneLot raises $4 million in pre-seed funding to boost AI financial technology for car dealerships. Source link Disclaimer We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi We want to be transparent with our readers about any potential conflicts of interest that may arise in
October 17, 2024
Mastercard has announced the latest cohort of its Start Path Emerging Fintech program, welcoming 10 innovative startups that are transforming the payments technology industry. These startups were selected for their innovative work in areas such as sustainability, cybersecurity, digital transformation and travel, and will participate in the world-renowned startup engagement initiative. Five of the companies
October 17, 2024
Bangalore-based fintech unicorn Slice raised Rs 71.7 crore (around $8.6 million) from its founder and CEO, Rajan Bajaj. The funding comes from partially paid-up shares, as revealed in the company's regulatory filing with the Registrar of Companies. Slice's board of directors approved a special resolution to issue 22,000 shares at a price of Rs 32,606
October 17, 2024
Total funding for FinTech startups in Southeast Asia (SEA) fell 28% to $322 million in the third quarter of 2024, compared to $447.5 million in the second quarter. Tracxn said Wednesday. The market intelligence platform said in a statement that SEA remains an important hub for FinTech investments, accounting for 14.5% of total sector funding
October 17, 2024
CapWay, a Y Combinator-backed fintech that sought to bring financial services to people living in so-called “banking deserts,” has been shut down, according to its founder Sheena Allen. Source link Disclaimer We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi We want to be transparent with our
October 16, 2024
Fintech startup Permutable AI launches gen AI Trading Co-Pilot – leveraging gen AI and machine learning for transformative decision-making in financial markets. Fintech start-up Permutable AI, a leader in the application of artificial intelligence to financial markets, has unveiled its Trading Co-Pilot (https://permutable.ai/trading-co-pilot/), an advanced platform designed to provide real-time AI-driven insights for financial markets.
October 16, 2024
The third quarter of 2024 marked a significant slowdown in startup investment in the UK, falling to its lowest level in five years. Despite the economic slowdown, the fintech sector continues to attract significant investment, consolidating its position as the leading funded technology sector. Healthtech emerges as a strong contender, backed by large Series C
October 15, 2024
SUMMARY The fintech unicorn's new loan securitization deal is backed by a pool of unsecured personal loans, originated and managed by Navi Finserv. Navi Finserv, earlier, had entered into a $38 million (approximately INR 318.2 Cr) personal loan securitization deal with financial and investment banking firm JP Morgan, in July. The consolidated operating revenue of
October 15, 2024
Venture capital funding raised by UK startups fell sharply in third quarter 2024, new research has revealed, adding further pressure on the founderis in searc of new investments. UK startups secured around $2.9 billion in venture capital funding in the third quarter, a 50% drop from the previous quarter, according to the latest report from
October 15, 2024
ToneTag, an Amazon-backed Fintech startup, in talks to raise $50 million ToneTag, an offline mobile payments startup, is in preliminary discussions with Iron Pillar, a Mumbai-based venture capitalist, to raise at least $50 million (around INR 420 crores) through a combination of sales of primary and secondary actions. This round of funding should attract new
