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Brick closes $8.5M seed to enable open finance across Southeast Asia

TechCrunch

This amount includes Brick’s previously undisclosed seed funding, which TechCrunch reported in May 2021 , but the majority of it is fresh capital, said co-founder and CEO Gavin Tan. Inside Plaid’s plans to build a new, global finance network. Fintech outperformed the market in 2021, and it’s set to do even better.

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Ledge aims to build automation tools for finance teams

TechCrunch

The rapid adoption of digital payments has become a great challenge for finance teams. He worked a Melio, a business-to-business (B2B) payments platform for small companies, where he saw finance teams become the victims of their own success. According to one report , teams spend as much as 40% of their time processing transactions.

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

TechCrunch

These startups offer embedded finance solutions; Maelis Carraro , Catalyst Fund MD, explains the thought process behind this selection in a statement. First off, from Kenya, Koa enables users to save and invest, gaining control over their finances. Here are the startups in the 8th cohort.

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Arrenda emerges with Adelanta, a financing offering for landlords in Latin America

TechCrunch

million in equity and $25 million in debt financing. The company, formerly known as ViveFácil, started in 2021 providing insurance, similar to a Jetty or Rhino , but for Mexico, Merullo told TechCrunch. Merullo plans to use the debt portion of the new funding for loans and financings issued. The funding round was a mix of $1.5

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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.