Tag: finance
TeamApt will use its new funding round to provide digital bank services for the unbanked
A great deal has changed since we last covered Nigerian fintech startup TeamApt two years ago. At the time, the company had just closed a $5.5 million Series A round from a single VC — Quantum Capital Partners, a firm owned by Zenith Bank billionaire Jim Ovia. TeamApt has quite…
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Tiger Global leads $42M Series B in Nigerian credit-led neobank FairMoney
Neobanks have led the charge as regards venture capital funding for consumer fintech startups. But while they have collectively dominated the fintech space, they don’t operate a monolithic model. There are five distinct models, and the one adopted by Nubank, the $30 billion behemoth, is the credit-led model. Neobanks operating…
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How Robinhood’s explosive growth rate came to be
A deeper look inside the company’s IPO filing Alex Wilhelm 8 hours This afternoon Robinhood filed to go public. TechCrunch’s first look at its results can be found here. Now that we’ve done a first dig, we can take the time to dive into the company’s filing more deeply. Robinhood’s…
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India’s central bank says growing presence of Big Tech in financial services a concern
India’s central bank has identified Big Tech’s push into financial services as a challenge for banks in the South Asian market, saying the growing presence of these firms have prompted concerns about creation of an uneven playing field. In a report published on Thursday, Reserve Bank of India (RBI) said…
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Tiger Global in talks to back Indian fintech Yap
Tiger Global is in advanced stages of talks to back Indian embedded finance startup Yap, according to more than half a dozen people familiar with the matter. The New York-headquartered firm is in talks to lead a $35 million financing round in Yap — also known as YapPay and M2P…
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Germany’s icon group VC bets $30M to back startups enabling traditional companies to pivot
Icon group is a new $30M VC fund being launched out of Germany’s iconmobile group, a WPP network agency. This means a reorganization of the company from a full-service innovation agency into also offering VC backing. iconmobile has garnered a reputation as an innovative technology, design, and sustainability agency, but…
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