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 …
India’s KreditBee raises $80 million from Azim Premji’s Premji Invest, Motilal Oswal Alternates, among others
The digital loans business in India has been the subject of a lot of controversy, not least for over-predatory and un-transparent practices, yet that’s existed …
X1 gets 50% valuation boost, aims to give consumers a way to buy stocks via credit card reward points
X1, a consumer fintech startup which recently launched an income-based credit card to the public, has raised an additional $15 million in funding. This round …
Spend management platform Teampay expands partnership with Mastercard, raises $47M
In 2016, Andrew Hoag, formerly a senior manager at Verisign and a web project lead at NASA’s Ames Research Center, founded Teampay, a platform that …
CRED acquires CreditVidya
CRED is acquiring CreditVidya, a SaaS startup that helps firms underwrite first-time borrowers, in the latest of a series of investments from the Bengaluru-headquartered fintech …
As Pipe’s founding team departs, tensions rise over allegations
On November 22, alternative financing startup Pipe announced that its three co-founders were stepping down from their executive roles and that a search for a …
AirTree and Greycroft return to lead Australian regtech FrankieOne’s Series A+
FrankieOne, a Melbourne-based startup that provides an API platform for identity verification and fraud detection, said it has added $23 million AUD (about $15.4 million …
Atoa helps UK merchants cut down on card processing fees
Visa and Mastercard payments are convenient for customers, but can cost merchants high processing fees. Atoa Payments wants to provide a cheaper alternative that is …
Pipe’s founding team stepping down as hunt for ‘veteran’ CEO begins
The three co-founders of alternative financing startup Pipe are stepping down from their roles as executives of the company in one of the most dramatic …
Taktile raises $20M to help fintech companies test and deploy decision-making models
The logic behind many fintech companies’ automated decisions — decisions that determine whether a customer is approved for a credit line, for example — is …