Venture-backed fintechs raised a record $30.8 billion in the second quarter of this year, up 30% over the same quarter last year. But how are fintech founders spending it all?
Indian fintech CRED launches peer-to-peer lending feature Mint
India’s CRED, which rewards users for paying their credit-card bills on time, is broadening its offerings to help its 7.5 million members gain more from the service. The Bangalore-based startup said on Thursday that CRED users can now lend to one another at an interest rate of up to 9% annually. Kunal Shah, founder and […]
Ultrahuman raises $17.5M, touting a wearable blood glucose tracker
Fitness platform Ultrahuman has officially announced a $17.5 million Series B fund raise, with investment coming from early stage fund Alpha Wave Incubation, Steadview Capital, Nexus Venture Partners, Blume Ventures and Utsav Somani’s iSeed fund. A number of founders and angel investors also participated in the Bangalore-headquartered startup’s Series B, including Tiger Global’s Scott Schleifer, […]