Embedded finance startup Banxware raises €4M seed

TechCrunch

Embedded finance — the idea of offering financial products where customers are already congregating via white label solutions and APIs – isn’t an entirely new concept. In addition to lending, the startup will also soon offer card-based products and other financial services.

Personal finance startup Truebill raises $17M

TechCrunch

Truebill , a startup offering a variety of tools to help users take control of their finances, announced today that it has raised $17 million in Series C funding. When I first wrote about the startup in 2016 , it was focused on helping users track and cancel unwanted subscriptions.

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ErudiFi raises $5 million Series A to give students in Southeast Asia more education financing options

TechCrunch

Based in Singapore, ErudiFi wants to help more students in Southeast Asia stay in school by giving them affordable financing options. The startup announced today it has raised a $5 million Series A, co-led by Monk’s Hill Ventures and Qualgro.

Singapore-based open finance startup Finantier gets backing from Y Combinator

TechCrunch

Finantier , a Singapore-based open finance startup, wants to streamline that data with a single API that gives financial services access to user data, with their consent. It announced today that it has been accepted into Y Combinator’s Winter 2021 startup batch.

5 Financing Sources for New Businesses

StartupNation

Without a solid history of sales, it can be challenging to get lenders to take a chance on your startup. That doesn’t mean you’re out of luck if you’re looking for startup capital. Another option is the Rollover for Business Startup (ROBS).

Getaround tops up $25M debt financing to its $140M Series E

TechCrunch

Silicon Valley peer-to-peer car rental startup Getaround has secured a $25 million loan from Horizon Technology Finance Corporation. Dan Devorsetz , Horizon’s chief investment officer, told TechCrunch that venture debt has been a part of Getaround’s financing strategy for 2020. “It

Revenue-based financing: The next step for private equity and early-stage investment

TechCrunch

Revenue-based investing ( RBI), also known as revenue-based financing, or revenue-share investing, 1 is a natural next step for the private equity and early-stage venture investment industry. Column Startups Venture Capital impact investing RBI revenue-based financing software as a service

5 Tips for Getting Your New Business Finances Set up for Success

StartupNation

While it may sound obvious, your finances are one of the most critical elements of any business. In this article, you’ll learn five tips for getting your new business finances set up for success this year. You can accomplish this by tracking and planning your finances.

Twinco Capital scores €3M for its supply chain finance solution

TechCrunch

Twinco Capital , a Madrid and Amsterdam-based startup making it easier to access supply chain finance, has raised €3 million in funding. Founded in 2016 by Sandra Nolasco and Carmen Marin Romano, Twinco Capital offers a supply chain finance solution that includes purchase order funding.

United Nations Development Program and 500 Startups Join Forces to Bridge the World of Impact Financing and Tech Startups

500

Startup founders often have ambitions not just to make money, but to change the world. Enter ImpactAIM Indonesia, a program forged from a partnership between 500 Startups and the United Nations Development Program (UNDP). ImpactAIM Indonesia’s goal is to bridge the world of impact financing with the world of tech startups in Indonesia. So, how do we help these founders accomplish these goals?

M1 Finance closes $45M Series C mere months after it raised its $33M Series B

TechCrunch

Just months after it announced a $33 million Series B, Chicago-based M1 Finance today disclosed a $45 Series C. The new financing event was led by Left Lane Capital , the same investor that led M1’s Series B. M1 Finance raises $33M Series B as it reaches $1.45B AUM.

A Dallas-based founder looks to tackle the student loan crisis with his startup, College Cash

TechCrunch

His startup, College Cash , allows brands to petition users to create photo and video marketing content highlighting their product or service, with the wrinkle being that content creators are paid by the brands in the form of credits that go directly toward paying down their student loan debt.

Prime Movers Lab raises $245 million for second fund to invest in early stage science startups

TechCrunch

After revealing its first fund just last year, a $100 million pool of investment capital dedicated to early stage startups focusing on sustainable food development, clean energy, health innovation and new space technologies, Prime Movers Lab is back with a second fund.

Mono, a startup that wants to build Plaid for Africa, gets backing from Y Combinator

TechCrunch

Before joining Paystack in 2018, Hassan co-founded OyaPay, a payments startup the year before. After leaving the Stripe-owned company in 2019, he launched a data startup called Voyance where Singh, who had already exited one of his products — Transferpay.ng , an offline payments startup — was a software engineer. However, for Hassan, Mono’s play overlaps open finance and open banking.

When should you go for equity financing?

Berkonomics

Let’s take a few minutes to examine the kind of equity financing available to small or early stage businesses. If you have a virtual company with your employees working from home locations, as many startups do, it should be the location of the founder.

Fintech startup Finix closes on $3M in Black and Latinx investor-led SPV

TechCrunch

Serna, who founded payments infrastructure startup Finix in 2016, had raised more than $95 million in venture funding from the likes of Lightspeed Venture Partners, American Express Ventures, Homebrew, Precursor Ventures, Insight Partners, Bain Capital Ventures, Visa and Activant Capital.

There is infinite money for stock-trading startups

TechCrunch

Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. Let’s talk money, startups and spicy IPO rumors. Fundings & Exits Startups M1 Finance public Robinhood The Exchange The TechCrunch Exchange

Travel startup GetYourGuide secures $97M revolving credit facility

TechCrunch

Now, a promising travel startup that saw its growth arrested by the arrival and persistence of the pandemic is announcing a $97 million financing facility to help it stay the course until it can finally resume normal business.

Accel backs Mexican startup Flink’s effort to bring consumer investing to Latin America

TechCrunch

Mexico’s ALLVP, Clocktower, Kevin Efrusy and Oskar Hjertonsson and existing backer Raptor Financial Group participated in the financing as well. Finance Funding Recent Funding Startups TC Accel andrew braccia finance financial services Flink latin america London Mexico

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

TechCrunch

With a focus on Kenya, Nigeria, South Africa, Mexico and India, selected startups receive £80,000 (~$100,000) in grant capital, six months of support and connections with follow-on investors. However, the selected six startups this year are from Kenya, Nigeria, and South Africa.

Outfund, the revenue-based finance provider for online businesses, raises £37M

TechCrunch

Outfund , the revenue-based finance startup that wants to help online businesses fund growth without giving away equity, has raised £37 million in a “late seed” investment. Uncapped picks up another $26M to offer revenue-based finance to European entrepreneurs.

Financial forecasting startup Springbox AI launches its apps and raises $2M

TechCrunch

Apps Europe Finance Recent Funding Startups TC Android artificial intelligence finance financial services Springbox AI

Cryptocurrency pioneer Diana Biggs joins digital assets startup Valour as its new CEO

TechCrunch

Cryptocurrency pioneer and early Bitcoin thought-leader Diana Biggs has joined Swiss-based startup Valour , which lets investors easily buy digital assets through their bank or broker.

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Former top Paytm exec is building his own financial services startup

TechCrunch

The executive who built the financial services boutique for Paytm, India’s most valuable startup , is ready to do something similar all over again. Pravin Jadhav, the former chief executive of Paytm Money, revealed on Thursday his own startup, Raise Financial Services.

Israel’s startup ecosystem powers ahead, amid a year of change

TechCrunch

It had produced, and was poised to produce, an enormous number of technology startups, given its relatively small size. The moniker became so ubiquitous, both at home and abroad, that “Israel Startup Nation” is now the name of the country’s professional cycling team. After a record year for Israeli startups, 16 investors tell us what’s next. Israel’s startups industry began emerging in the late 1980s and early 1990s.

Indonesian payments infra startup Xendit raises $64.6M in Accel-led Series B

TechCrunch

Indonesia’s Xendit , a startup focused on building digital payments infrastructure for the region, has just raised $64.6 Notably, Y Combinator also participated in the financing. So the first few months of the year, the startup’s business was hit hard.

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Startup fundraising is the most tangible gender gap. How can we overcome it?

TechCrunch

Fintech regulations in Latin America could fuel growth or freeze out startups. This should come as no surprise, given that fintech combines two sectors traditionally dominated by men: finance and technology. VC went to startups with at least one woman on the founder team.

Has a startup finally found one of food science’s holy grails with its healthy sugar substitute?

TechCrunch

Now, the company has a new name, Supplant, and $24 million in venture capital financing to start commercializing its low-cost sugar substitute made from the waste materials of other plants. 10 startups that caught our eye from day 1 of YC Demo Day S18.

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Nigerian founders-turn-investors are now running syndicate funds

TechCrunch

The Future Africa Fund kicked off in 2015 when Iyinoluwa Aboyeji and Nadayar Enegesi , co-founders of US-based and African-focused talent company Andela, wrote checks to African startups as angel investors. “There’s a massive early-stage funding gap for African startups.

How to Create a Budget for Your New Startup

StartupNation

Some of the most groundbreaking products and services of the 21st century began as startups. Then, why is it that 90 percent of startups fail ? When starting out, determining costs is essential in order to sustain your financing and to be able to scale your business over time.

EC roundup: BNPL startups, growth marketing tips, solid state battery market map, more

TechCrunch

“So we had three BNPL players with known earnings, and I had just covered a startup funding round in the space.” As BNPL startups raise, a look at Klarna, Affirm and Afterpay earnings. As BNPL startups raise, a look at Klarna, Affirm and Afterpay earnings.

7 Tips Every Startup Should Follow to Maintain Financial Health

StartupNation

Nothing spells disaster for a startup like poor financial health. Many projects fail due to financial hurdles, and one studies have concluded that running short on capital was the second most likely reason for a startup’s failure. Related: 5 Financing Sources for New Businesses.

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Flexible VC: A new model for startups targeting profitability

TechCrunch

More and more startups are pursuing revenue-based VCs , but it’s not a good fit for everyone. The unique disadvantages of flexible VC include: Column Private Equity Startups Venture Capital entrepreneurship finance venture debtDavid Teten. Contributor. Share on Twitter.

Freelancer banking startup Lili raises $15M

TechCrunch

The startup, founded by CEO Lilac Bar David and CTO Liran Zelkha, is creating a bank account and associated products designed for freelancers, with features like early access to direct deposit payments and the ability to set aside a percentage of income for taxes.

With software markets getting bigger, will more VCs bet on competing startups?

TechCrunch

But they also got me thinking about startup niches and competition. Back in the days when inside rounds were bad, SPACs were jokes and crypto a fever dream, there was lots of noise about investors who declined to place competing bets in any particular startup market.

How startups should budget in uncertain times 

TechCrunch

I was the archetypal startup CEO: I paused my degree at Stanford to start a company, and after it failed I found myself needing to preserve cash to make student loan payments. Many startups find themselves in a similar position these days: ramen or sushi? Isaac Roth. Contributor.

B2B marketplaces will be the next billion-dollar e-commerce startups

TechCrunch

Startups involved in B2B e-commerce such as Faire and Mirakl have burst out of the gates in 2020. Almost overnight, these startups transformed into consequential platforms, earning billion-dollar valuations along the way. Merritt Hummer. Contributor. Share on Twitter.