The main takeaways? “Buy now, pay later” may be effective at driving retail conversion, but scale matters and long-term margins look slim for BNPL startups.
Extra Crunch roundup: Square buys Afterpay, paid search basics, career advice for devs
Square paid around a quarter of its present-day value for Afterpay. That seems like a lot. But was it too much?
India’s BharatPe valued at $2.85 billion in Tiger Global-led $370 million funding
Indian fintech startup BharatPe has raised $370 million in a new round of financing as it looks to aggressively scale its business in the next two years. It’s the nineteenth Indian startup to become a unicorn this year (up from 11 last year) as several high-profile global investors double down in the South Asian market. […]
You can’t afford to make poor decisions about incentive stock options
When the time is right, employees should actively look for help from a qualified fiduciary financial adviser who can walk these could-be “options millionaires” through various cash-in scenarios.
The next generation of global payments: Afterpay + Square
Sunday was a big day in fintech: Afterpay has agreed to merge with Square. This agreement sets two of the most admired financial technology companies in recent history on a path to becoming one.
Element Ventures pulls in $130M to double-down on the FinTech enterprise trend
With the rise of Open Banking, Psd2 Regulation, InsurTech, and the whole, general Fintech boom, tech investors have realized that there is an increasing place for dedicated funds which double down on this ongoing movement. When you look at the rise of banking-as-a-service offerings, payments platforms, insurtech, asset management, and infrastructure providers, you realize that […]
Kuda, the African challenger bank, raises $55M at a $500M valuation
Kuda Bank, the London-based, Nigerian-operating startup that is taking on incumbents in the country with a mobile-first, personalised and often cheaper set of banking services built on newer, API-based infrastructure, has been on a growth tear in the last several months, and to fuel its expansion, it has now raised another round of funding. TechCrunch […]
Square to buy ‘buy now, pay later’ giant Afterpay in $29B deal
In a blockbuster deal that rocks the fintech world, Square announced today that it is acquiring Australian buy now, pay later giant Afterpay in a $29 billion all-stock deal. The purchase price is based on the closing price of Square common stock on July 30, which was $247.26. The transaction is expected to close in […]
Calendly CEO Tope Awotona is joining us at Disrupt 2021
Early Bird Tickets to Disrupt end today, Friday, July 30. Book your tickets now!
Last day to snag early bird passes to TechCrunch Disrupt 2021
Don’t miss your chance to experience TechCrunch Disrupt 2021 — the startup world’s must-attend event of the season — for less than $100. Why not get the best ROI of your time while simultaneously learning about the latest industry trends and mining for opportunities that can take your startup to new levels of success? Disrupt […]