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

TechCrunch

50B) due to the network effects it has created with its unique merchant loyalty program.”. Chau, Adamson and Simair all also co-founded SkipTheDishes, which Chau says has gone on to become the “largest food delivery network in Canada,” with 3,000 employees; it was acquired by Just Eat for approximately $86 million.

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

TechCrunch

It also plans to soon offer embedded finance products. Additionally, Melonn works with a range of transportation providers, including incumbents such as FedEx or DHL and last-mile startups, to reduce shipping times and costs. . And in January, fulfillment is up 20% compared to November of 2021. So, just how does it work?

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Why TransUnion led blockchain fintech Spring Labs’ $30M Series B

TechCrunch

T he startup uses blockchain with the aim of creating a richer network effect of data that allows credit bureaus and others to predict the creditworthiness of people who are not in the traditional credit bureau system. We knew a relationship with TransUnion in particular had the capacity to significantly accelerate our business,” he said.

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Greece’s Viva Wallet raises $80M for its neobank targeting small business merchants

TechCrunch

Challenger banks continue to make significant waves in the world of finance, with smaller outfits luring customers away from incumbents by providing an easier way for them to not only engage with basic banking services, but to tap into a wave of technology that brings more personalization and often better deals into the equation.

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Nelo joins the BNPL rush, with $20M in new funding and the Mexican market in its sights

TechCrunch

With the latest Series A financing, Nelo has raised a total of $25.6 This captive consumer base is crucial to building the network that is Nelo.”. Two Sigma Ventures Partner Frances Schwiep believes that Nelo has the potential to emerge as the leading financing option for consumers in LatAm, starting with BNPL.

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Link raises $30M to help merchants accept direct bank payments

TechCrunch

Shoykhet acknowledges that there’s formidable competition in the payments space — not only from incumbents like Venmo, Amazon and PayPal but from buy now, pay later vendors such as Afterpay and Klarna. based electronic money and finance data transfers — increased 8.7% But Shoykhet welcomes the rivalry. currently.

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Opportunity Amid Volatility

Haystack

TechCrunch’s Kate Clark has done a round-up of the largest “private VC” rounds of 2018, and there’s a whole other list for just $100M+ financings led by Softbank’s Vision Fund. Speaking of acquisitions — many leaders of larger VC funds have privately given up on the incumbents buying their companies.