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Fintechs could see $100 billion of liquidity in 2021

TechCrunch

2019 saw a stampede of fintech unicorns. 2019 saw a stampede of fintech unicorns. 2019 looks to continue another lights-out year for fintech startups. In 2020, all the long-term trends forcing change in this sector continued and even accelerated. More posts by this contributor. 4-year founder vesting is dead. Matrix U.S.

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CommerceIQ gets its horn as capital continues to flow into e-commerce infrastructure startups

TechCrunch

When much of the shopping shifted online during the global pandemic, startups developing software and other products to aid the transition began to garner attention from venture capital firms. He exited the company to Lowe’s in 2019. That’s why he believes now is the time to accelerate CommerceIQ. Meanwhile, $1.1

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AI chip startup Sima.ai bags another $30M ahead of growth

TechCrunch

As the demand for AI-powered apps grows, startups developing dedicated chips to accelerate AI workloads on-premises are reaping the benefits. A recent ZDNet piece reaffirms that the AI edge chip market is booming, fueled by “staggering” venture capital financing in the hundreds of millions of dollars.

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Komunal secures $8.5m to strengthen Indonesia’s neo-rural bank ecosystem

AsiaTechDaily

million to fund its mission to accelerate financial inclusion and strengthen the neo-rural bank ecosystem in Indonesia, especially outside the Greater Jakarta area. It was also participated by AlphaTrio Sustainable Technology Fund, Skystar Capital, Sovereign’s Capital, Ozora, and Gobi Partners.

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Canada’s Neo Financial closes on $145M Series C, surpasses 1 million customers

TechCrunch

million (CAN $299 million) since its 2019 inception, and values the company at over $784.8 Also participating in the round were Tribe Capital, Altos Ventures, Blank Ventures, Gaingels, Maple VC and Knollwood Advisory. Valar Ventures led the investment, which brings Neo’s total funding to $234.7

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Ola Electric in talks to raise at over $2.75 billion valuation

TechCrunch

Falcon Edge Capital is in advanced talks to lead the round, which values Ola Electric between $2.75 billion (up from $1 billion in its previous fundraise in 2019), sources told TechCrunch, requesting anonymity as the matter is private. billion to $3.5 Singapore’s Temasek is also holding conversations, the people said.

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Brazilian fintech Cora raises $116M Series B as Tiger Global, Tencent sign on as investors alongside Greenoaks

TechCrunch

Cora , a Brazilian digital lender to small-and-medium-sized businesses, has raised $116 million in a Series B round led by Greenoaks Capital. million Series A round — led by Silicon Valley VC firm Ribbit Capital — in early April. million since its 2019 inception. Ribbit Capital leads $26.7M