Tag: money
Fintech startups raised $34B in 2019
Financial services startups raised less money in 2019 than they did in 2018 as VC firms looked to back late stage firms and focused on developing markets, a new report has revealed. According to research firm CB Insights’ annual report published this week, fintech startups across the world raised $33.9…
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Gaming-focused investment firm Bitkraft closes in on at least $140 million for its second fund
Esports, video games and the innovations that enable them now occupy a central space in the cultural and commercial fabric of the tech world. For the investment firm Bitkraft Esports Ventures, the surge in interest means a vast opportunity to invest in the businesses that continue to reshape entertainment and…
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Level launches a mobile banking app offering 1% cash back on debit purchases, 2.10% APY
A number of startups are taking on big banks with new apps that offer modern, mobile banking experiences, innovative features, and reduced or even zero fees. Entering this now-crowded market is Level, a challenger bank and banking app with advantages like 1% cash back on debit card purchases, 2.1% APY…
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Reset Button is approaching student debt from a new angle
Student loan debt in the U.S. totals $1.5 trillion, and more than 44 million Americans have outstanding student loan debt. According to research by Jason Iuliano, Villanova law professor, a million student loan debtors have filed for bankruptcy in the past five years. However, 99.9 percent of them did not…
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TLcom Capital closes $71M Africa fund with plans to back 12 startups
VC firm TLcom Capital has closed its Tide Africa Fund at $71 million with plans to make up to 12 startup investments over the next 18 months. The group — with offices in London, Lagos, and Nairobi — is looking for tech enabled, revenue driven ventures in Africa from seed-stage…
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Three years after raising $450 million, Andreessen is back with a new $750 million life sciences fund
Life sciences is big business in venture capital land and firms are raising big dollars to find the companies that will lead the next healthcare revolution. Chief among them is Andreessen Horowitz, which announced its third life sciences fund with a $750 million final close earlier today. Andreessen went back…
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