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Fintech Roundup: Will financial technology startups dodge the venture slowdown?

TechCrunch

billion last year — up 153% year-over-year in terms of global VC deal value. There has been much talk as of late of a slowdown in venture funding. Brex launched a venture debt program last August as part of its effort to be many financial-related things to startups and maturing companies alike.

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Cultivating a Practice of Diversity, Equity, and Inclusion in Ecosystem Building Programs

Ecosystem Builder Hub

It is incumbent upon those of us working to build vibrant entrepreneurial ecosystems to put inclusion front and center, at the heart of everything we do. Develop program-specific advisory boards from under-represented backgrounds. Board commitments to DEI. It’s not an afterthought. It is the whole thought. Team communication.

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Opportunity Amid Volatility

Haystack

There are many reasons for that, such as private equity and crossover investors investing earlier, or the fact that LPs in VC funds are affected by public market swings and could, theoretically, hit some VC firms to feel the pinch. Much of this can trickle down into the startup ecosystem. Money has been coming into the U.S.

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After selling Bread last year for over $500M, this founder just raised millions for his new fintech startup

TechCrunch

And today, the New York-based company is announcing it has raised $6 million in an “oversubscribed” seed round of funding led by Better Tomorrow Ventures. Over time, Coast also plans to expand into more categories of fleet businesses’ spending as it seeks to become more of a holistic platform for the industry.

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Equal access to capital and entrepreneurship is the final civil rights movement

TechCrunch

But despite my privilege, I’m also confident that my Black heritage made it more difficult for me to raise venture capital. Today — and the data proves this — if you are a white male, you have an unfair advantage when looking to raise venture capital. At the time, I didn’t even know that raising venture capital was a possibility.

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Bites At The Apple, Sharpshooting, And Shots On Goal

Haystack

More often than not, I believe it is largely impossible to predict the shape of an outcome when making an initial venture investment. The insight and data venture investors have to work with increases as a company matures — the earlier the investment, the more unknown the outcome is. Seed is what I know.

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Fintech Farm nabs $7.4M to launch neobanks in Nigeria and other emerging markets

TechCrunch

Flyer One Ventures and Solid led the seed round. TA Ventures, Jiji, u.ventures and AVentures Capital also participated. Digital banks, neobanks, challenger banks or whatever you may call them, are among the biggest recipients of VC investments in fintech. He is also a partner at co-lead investor Flyer One.