Hundreds of thousands of teenagers and young adults get on flights each year from India to a foreign land to pursue higher education. Upon landing, they face myriad challenges. One big one: They don’t have a local credit history, so they can’t avail a range of financial services, including a loan or a credit card […]
Indian fintech Slice launches $27 credit limit cards to tap 200 million users
Even as there are hundreds of millions of Indians who have bank accounts, only about 30 million of them have credit cards. The adoption rate of the plastic card has largely remained stagnant in the South Asian nation for the last few years. The relatively young credit-rating system in India covers only a tiny fraction […]
UK’s Marshmallow raises $85M on a $1.25B valuation for its more inclusive, big-data take on car insurance
Marshmallow — a U.K.-based car insurance provider that has made a name for itself in the market by providing a new approach to car insurance aimed at using a wider set of data points and clever algorithms to net a more diverse set of customers and provide more competitive rates — is announcing a milestone […]
Microsoft launches a personalized news service, Microsoft Start
Microsoft today is introducing its own personalized news reading experience called Microsoft Start, available as both a website and mobile app, in addition to being integrated with other Microsoft products, including Windows 10 and 11 and its Microsoft Edge web browser. The feed will combine content from news publishers, but in a way that’s tailored […]
HoneyBee raises millions to make financial wellness a workplace benefit
HoneyBee, a startup that aims to help companies provide access to financial support to their employees, announced today it has raised $5.7 million in equity in a round led by FFVC. Resolute Ventures, Afore Capital, Rebalance Capital, K50 and Financial Venture Studio also participated in the financing, along with two-time NBA all-star Baron Davis. HoneyBee […]
Jetty raises $23M to help give renters more payment flexibility
Jetty, a fintech company which aims to give renters flexibility when paying rent, has raised $23 million in a funding round co-led by Citi and Flourish Ventures. The financing brings Jetty’s total raised since its 2016 inception to $78 million. Other investors participating in the latest growth round include Credit Ease and K5. Previous backers […]
Sequoia Heritage, Stripe and others invest $200M in African fintech Wave at $1.7B valuation
Francophone Africa has its first unicorn, and if you’ve been following tech on the continent, you will be very unsurprised to hear that it’s coming from the world of fintech. Wave, a U.S. and Senegal-based mobile money provider, has raised $200 million in Series A round of funding. The investment is the largest-ever Series A […]
Extra Crunch roundup: Cohort analysis, YC Demo Day recaps, building your supply chain
We’re off on Monday, September 6 to celebrate America’s Labor Day holiday, but we’ll be back with new stories (and a very brief newsletter) on Tuesday morning.
Fintech startup Jeeves raises $57M, goes from YC to $500M valuation in one year
Last summer, Jeeves was participating in Y Combinator’s summer batch as a fledgling fintech. This June, the startup emerged from stealth with $31 million in equity and $100 million in debt financing. Today, the company, which is building an “all-in-one expense management platform” for global startups, is announcing that it has raised a $57 million […]
Insurify, a ‘virtual insurance agent,’ raises $100M Series B
How many of us have not switched insurance carriers because we don’t want to deal with the hassle of comparison shopping? A lot, I’d bet. Today, Insurify, a startup that wants to help make it easier for people to get better rates on home, auto and life insurance, announced that it has closed $100 million […]