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Open finance startup Ayoconnect’s APIs enable financial inclusion in Southeast Asia

TechCrunch

The open finance startup announced today it has closed a $13 million Series B extension round led by SIG Venture Capital, with participation from CE Innovation Capital and returning investor PayU, the payments and fintech business of Prosus. Ayoconnect says it is the only open finance player in Indonesia to be licensed by the central bank.

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Fintechs could see $100 billion of liquidity in 2021

TechCrunch

For the fourth straight year, the publicly traded fintechs massively outperformed the incumbent financial services providers as well as every mainstream stock index. For the fourth straight year, the publicly traded fintechs massively outperformed the incumbent financial services providers as well as every mainstream stock index.

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After raising $10M, Breeze breathes fresh air into a stagnant disability insurance market

TechCrunch

billion as of this year and was declining slightly since 2016, IBIS World reported. Northwestern Mutual Ventures, Silicon Valley Bank, M25, Fiat Ventures and Invest Nebraska also participated in the financing. market for disability insurance was valued at $19.1

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Indonesian fintech startup Ayoconnect raises $13m more in Series B funding

AsiaTechDaily

Register Indonesian open finance platform Ayoconnect has raised an additional $13 million in its Series B funding round, bringing the total amount it raised to date to $43 million. Founded in 2016, Ayoconnect is Southeast Asia’s largest Open Finance API platform.

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Spend management platform Teampay expands partnership with Mastercard, raises $47M

TechCrunch

In 2016, Andrew Hoag, formerly a senior manager at Verisign and a web project lead at NASA’s Ames Research Center, founded Teampay , a platform that attempts to automate the software purchasing process for companies. Today, Teampay has hundreds of customers and significant venture capital financing behind it.

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Neon triples revenue in quest to become the biggest bank for Brazil’s working class

TechCrunch

When Pedro Conrade started Brazilian digital bank Neon in 2016, he was a 23-year-old business school student who was frustrated with the service and costs associated with traditional banking in his country. “I I had a catastrophic relationship with incumbent banks.”. It was super expensive, and the service was terrible. ’” .

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Avant doubles down on digital banking with Zero Financial acquisition

TechCrunch

Founded in 2016, San Francisco-based Zero Financial has raised $147 million in debt and equity , according to Crunchbase. The challenger bank was created to target millennials dissatisfied with the incumbent banking options. Those offerings include deposits, personal loans, credit cards and auto loans.