Category: Payments
South Korean online secondhand marketplace Danggeun Market raises $162M at a $2.7B valuation
Danggeun Market, the publisher of South Korea’s hyperlocal community app Karrot, announced it has raised $162 million in a Series D round of funding with a valuation of $2.7 billion. (By the way, Danggeun means carrot in Korean.) This round of funding was led by DST Global, with additional participation…
Read More
How the law got it wrong with Apple Card
Liz O’Sullivan Contributor Liz O’Sullivan is CEO of Parity, a platform that automates model risk and algorithmic governance for the enterprise. She also advises the Surveillance Technology Oversight Project and the Campaign to Stop Killer Robots on all things artificial intelligence. More posts by this contributor Here are a few…
Read More
FreshBooks reaches $1B+ valuation with $130.75M for its SMB-focused accounting platform
FreshBooks, a Toronto-based cloud accounting software company focused on SMBs, announced today it has secured $80.75 million in a Series E round of funding, as well as $50 million in debt financing. Existing backer Accomplice led the equity financing, which the company described as “an inside round” that propelled FreshBooks…
Read More
What Square’s acquisition of Afterpay means for startups
On Sunday Square announced it was gobbling up Afterpay in a deal worth $29 billion at the time of announcement. Alex followed up yesterday with more details on why the deal made sense for Square and Afterpay over here, but we wanted to ask some notable VCs what it means…
Read More
Kenya’s Wapi Pay raises $2.2M pre-seed for cross-border payments between Africa and Asia
According to the World Bank, it is more expensive to send money to sub-Saharan African than to any region in the world. It is also the most expensive region to send money from. In Q1 2020, people spent an average of 8.9% to send money to the region, much higher…
Read More
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…
Read More