Is Southeast Asia about to hit an inflection point for tech startups? Four hundred million people in the region already use the internet, but by year’s end, one estimate suggests that 80% of the population over the age of 15 in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam will be digital consumers. “As per […]
Open banking startup Finverse wants to build the Asia-Pacific region’s Plaid
Based in Hong Kong, Finverse’s ambitious goal is to enable open banking throughout the Asia-Pacific region. The startup recently came out of stealth mode with $1.8 million in seed funding, and is now live in four markets (Hong Kong, the Philippines, Singapore and Vietnam) with connections to 30 banks. Founder and chief executive officer Stephane […]
Zolve raises $40 million to help global citizens access financial services
Zolve, a neobanking startup that aims to help immigrants in the U.S. gain access to financial services, said on Wednesday it has raised $40 million in a new financing round as it begins to roll out its offerings. Partners of DST Global led the Bangalore-headquartered startup’s Series A financing round. The round, which values the […]
TechCrunch+ roundup: Midwest VC boom, advice for CISOs, Facebook’s next chapter
Healthcare spending accounts for almost 18% of U.S. GDP, so it’s no surprise that digital health is attracting record levels of investment. This year, VCs invested $14.7 billion in healthtech startups
Fintech’s growing role in the healthcare revolution
Similar to how fintech is scaling vertical SaaS, the pandemic-fueled disaggregation of healthcare has created new players that are taking a page out of the fintech revolution book.
TechCrunch+ roundup: Slashing technical debt, IPO analysis, your first comms hire
Early-stage entrepreneurs eager to ship usually spend more time calculating their startup’s burn rate than selecting an optimal development environment. As a result, technical debt can accumulate.
Another month, another billion dollars in value appreciation
Hello, and welcome to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. And have a good time. This week Mary Ann and Natasha and Alex (along with our amazing production team Grace, Chris, and Kell) took on a bevy of topics from around the world of startups and technology more […]
Citcon raises $30M to make paying with mobile wallets ‘as easy as paying with a credit card’
Citcon, a mobile wallet payment provider, has closed on $30 million in funding in a Series C round co-led by Norwest Venture Partners and Cota Capital. Sierra Ventures and Sonae IM also joined the financing, which brings San Jose-based Citcon’s total raised since its 2015 inception to nearly $50 million. Citcon’s mission is straightforward: to […]
Hong Kong-based fintech XanPool raises $27M for its decentralized payment network
XanPool, a payment infrastructure provider that facilitates faster crypto and fiat settlements, announced today it has raised a $27 million Series A led by Valar Ventures. The round included participation from CMT Digital, Wise founder and chairman Taavet Hinrikus and existing investors Gumi Gryptos and Antler. The funding brings XanPool’s total raised since it was […]
Brex just signed a term sheet for $300M at a $12.3B valuation
Fast-growing fintech Brex has raised $300 million in funding that propels it to decacorn status, just six months after it was valued at $7.4 billion, according to people familiar with the deal. The sources, who wished to remain anonymous since the deal is not yet public (although a term sheet has been signed), said corporate […]