Tag: nubank
Nubank co-leads $45 million investment in Indian neobank Jupiter
Industry veteran Jitendra Gupta’s neobank for consumers in India — Jupiter — has raised $45 million in a new financing round as the Bangalore and Mumbai-based startup gears up for its platform’s public launch in about a month. The new financing round, a Series B, was co-led by Brazil-based Nubank, Global Founders…
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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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Extra Crunch roundup: TC Mobility recaps, Nubank EC-1, farewell to browser cookies
What, exactly, are investors looking for? Early-stage founders, usually first-timers, often tie themselves in knots as they try to project the qualities they hope investors are seeking. In reality, few entrepreneurs have the acting skills required to convince someone that they’re patient, dedicated or hard-working. Johan Brenner, general partner at…
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Jeeves emerges from stealth with $131M in debt and equity and a16z as a lead investor
Jeeves, which is building an “all-in-one expense management platform” for global startups, is emerging from stealth today with $131 million in total funding, including $31 million in equity and $100 million in debt financing. The $31 million in equity consists of a new $26 million Series A and a previously…
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Meet Justos, the new Brazilian insurtech that just got backing from the CEOs of 7 unicorns
Here in the U.S. the concept of using a driver’s data to decide the cost of auto insurance premiums is not a new one. But in markets like Brazil, the idea is still considered relatively novel. A new startup called Justos claims it will be the first Brazilian insurer to…
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Payments, lending and neobanks rule fintechs in emerging markets, report says
Tech investments in emerging markets have been in full swing over the past couple of years and their ecosystems have thrived as a result. Some of these markets like Africa, Latin America, and India, have comprehensive reports by publications and firms on trends and investments in their individual regions. But…
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