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Now is the time to invest in Black-owned banks
In the past two weeks, millions of dollars shuffled from startup and investor bank accounts housed in the collapsed Silicon Valley Bank to the JPMorgans, …
Former Stripe engineer raises $4M for Beam, a fintech startup out to help contractors get paid faster
Beam, a five-month-old startup out to more easily help general contractors pay subcontractors and get paid themselves, has raised $4 million in a seed funding …
Southeast Asian credit fintech Kredivo scores $270M Series D
The funding landscape in Southeast Asia is still wintery, but one fintech managed to land a major round. Kredivo Holdings, which offers credit services to …
Brex takes a swipe at Concur with an expansion into travel
In yet another example of how competitive the spend management space has become, Brex announced today that it has expanded into travel. Besides seeking to …
eToro secures $250M at a $3.5B valuation after scrapping SPAC, seeing slower growth
After calling off its plans to go public via a SPAC at a $10.4 billion valuation in 2022, trading platform eToro has secured $250 million …
Silicon Valley Bank’s crash is providing valuable lessons all over the world
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 …
TechCrunch+ roundup: 7 VCs who are taking pitches, AI best practices, zero-based budgeting
It’s too early to determine whether SVB’s downfall heralds a new era for venture capital, but based on anecdotal evidence, off-the-record discussions and chats with …
Indonesia’s Broom builds out automated asset-backed lending for used car dealers
The Indonesian used car market is on a course for growth fueled by a number of trends: the increasing digitization in used car sales; a larger …
Mercury expands FDIC insurance up to $3M through new Vault product
Mercury, a startup that provides banking services for other startups, is offering customers expanded FDIC insurance of up to $3 million via a new product …