Cross-border payments startup Thunes is partnering with Visa in a move that will add more than 1.5 billion new endpoints to Visa Direct’s digital payments …
MaxAB, an Egyptian B2B e-commerce platform for food and grocery supplies, nabs $40M
Last year, MaxAB, the food and grocery B2B e-commerce and distribution platform serving a network of traditional retailers across Egypt and Morocco, raised its $55 …
Even decacorns have their challenges
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as …
With $67M in new capital, NorthOne is doubling down on SMBs as some fintech companies pull back
It’s common knowledge, especially to those who work in financial services, that the COVID-19 pandemic dramatically increased demand for digital banking globally. A flurry of …
Former VC brings smart financial advice to people who really need it, instead of just the rich
Will Peng graduated from Princeton with about $35,000 in debt. He asked his immigrant parents what they thought the best approach would be for him …
Open finance startup Ayoconnect’s APIs enable financial inclusion in Southeast Asia
Focused on Southeast Asia, Ayoconnect’s APIs make it faster for businesses to launch new financial services, instead of needing to build their own tech infrastructure. …
GoHenry, the fintech for under-18s, raises $55M after passing 2M users
Neobanks have made a name for themselves by successfully winning the business of newly minted adults, opening their first checking, savings and investment accounts and …
Fintech fundraising has reverted to the mean
Global startups focused on building financial technology saw their fortunes improve last year as investors doubled, and more, the amount of capital flowing into fintech …
Ntropy raises cash to normalize and classify transaction data
Ntropy, a company offering an API that enriches transaction data for financial services businesses, today announced that it raised $11 million in a Series A …
Brex, valued at $12.3B earlier this year, lays off 11% of staff as part of restructuring
Corporate spend management startup Brex has laid off 136 people, or 11% of its staff, across all departments as part of a restructuring, the company …