Where are US fintech’s next billion-dollar startups?

Where are US fintech’s next billion-dollar startups?

As fintech investments soar to new heights, investors are looking at the bottom and top levels of the services stack to find the next billion-dollar startups. That’s the word from seasoned investors like Andreessen Horowitz’s managing director, Angela Strange, who has invested in a number of successful financial services technology Read more…

Robinhood Debit Card

Robinhood revives checking with new debit card & 2% interest

This time it actually has insurance. Zero-fee stock trading app Robinhood is launching Cash Management, a new feature that earns users 2.05% APY interest on uninvested money in their account with the ability to spend it through a special Mastercard debit card. The waitlist opens today in the US with Read more…

India’s mobile payments firm MobiKwik reaches rare key profit milestone

India’s mobile payments firm MobiKwik reaches rare key profit milestone

Indian mobile payments firm MobiKwik has reached a milestone very few of its local rivals can even contemplate: not burning money. The 10-year-old Gurgaon-headquartered firm said Tuesday it is now generating a profit excluding interest, taxes, depreciation, and amortization. “We have been in an ecosystem where we have seen a Read more…

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Kaszek Ventures raises $600 million in two funds as Latin America’s startup market booms

Kaszek Ventures, the investment firm that has been one of the primary architects of the recent boom in startup financing and growth in Latin America, has just raised $600 million across two new funds. The new commitments (raised in roughly two months) put Kaszek’s total capital under management at roughly Read more…

India’s Lendingkart raises $30M to help small businesses access working capital

India’s Lendingkart raises $30M to help small businesses access working capital

As India continues its race to adopt digital payments at a pace and scale seen rarely worldwide, the country’s startups are quickly building solutions to bring financial services to businesses. And they are attracting significant capital from local investors and global giants to scale their ambitions. Lendingkart, one of the Read more…

Embedded finance, or why fintech mega VC rounds have become so common

Embedded finance, or why fintech mega VC rounds have become so common

How dozens of fintech companies finally found the formula for profits Another day, another monster fintech venture round. This morning, it was personalized banking app MoneyLion, which raised $100 million at a near unicorn valuation. Last week, it was N26, which raised another $170 million on top of its $300 Read more…

US mobile bank MoneyLion raises $100 million at ‘near unicorn’ valuation

US mobile bank MoneyLion raises $100 million at ‘near unicorn’ valuation

There’s a new fintech startup in the U.S. that is inching closer to the unicorn status. New York City-headquartered MoneyLion, which provides customers both financial advice and access to loans and other services, said today it has raised $100 million in a new round to accelerate its growth in the Read more…

India’s 30-year-old MyMoneyMantra raises $15M to scale its financial services marketplace

India’s 30-year-old MyMoneyMantra raises $15M to scale its financial services marketplace

MyMoneyMantra, a 30-year-old New Delhi-based firm that operates a marketplace of financial services, has raised $15 million in its maiden funding round from an external source to expand its offerings and reach in the nation. Dutch investment firm IFSD BV and private equity firm Vaalon Capital funded the $15 million Read more…