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Female-led startups dominate Catalyst Fund’s inclusive fintech 2021 cohort

TechCrunch

Catalyst Fund , a global accelerator managed by BFA Global , announced the 8th cohort for its Inclusive Fintech Program today. The accelerator, backed by the JP Morgan Chase and Bill & Melinda Gates Foundation, runs the flagship program annually. In 2020, all five countries had representatives in the accelerator.

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Binance-backed Xend Finance launches DeFi platform for credit unions in Africa

TechCrunch

Nigerian startup Xend Finance uses decentralized finance (DeFi) to address currency devaluation. This gave birth to Xend Finance.” Not only is Xend Finance trying to protect credit unions from fluctuation, but it is also changing how they operate. Image Credits: Xend Finance. Image Credits: Xend Finance.

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Colombian e-commerce enablement startup Melonn raises $20M to help SMBs scale in LatAm

TechCrunch

They were brought back together by the pandemic to start the e-commerce enablement company. And in January, fulfillment is up 20% compared to November of 2021. It also plans to soon offer embedded finance products. Looking ahead, CEO Gomez projects that it will fulfill close to 6 million items in 2022.

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Colombia’s Bold raises $55M in Tiger Global-led round to enable digital payments in LatAm

TechCrunch

Bold , a technology company working to enable financial access to electronic payments in Colombia, has raised $55 million in a Series B funding round led by Tiger Global Management. Then in the first quarter of 2021, it began offering a “pay-by-link” service as well. Bold ended 2021 with more than 100,000 merchants using its services.

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5 emerging use cases for productivity infrastructure in 2021

TechCrunch

Previously, he worked in finance and founded an IoT coffee company. According to McKinsey & Company, the pandemic accelerated the share of digitally enabled products by seven years, and “the digitization of customer and supply-chain interactions and of internal operations by three to four years.”

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Skit raises $23M Series B round led by WestBridge Capital to accelerate its growth

TechCrunch

Bengaluru-based artificial intelligence SaaS voice automation company Skit, formerly known as Vernacular.ai, developed its AI-based voice automation platform VIVA, short for Vernacular Intelligent Voice Assistant, which enables corporations to automate 90% of their call center operations powered by Natural Language Understanding (NLU) technology.

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BankTech Ventures’ Fintech Investing focuses on Community Banks

American Entrepreneurship

We are passionate about finding the best companies to support the future of community banking, so they can thrive and continue to enable and support their customers and communities,” says Ransom. It touts that over 1,000 companies are in its pipeline, accelerating the growth of the 17 funded fintech portfolio companies.