Neobank Jupiter is in talks to acquire a stake in SBM India, three sources familiar with the matter told TechCrunch, the latest example of an Indian fintech startup pursuing strategic partnerships with traditional banking institutions. The Bengaluru-headquartered startup — backed by Tiger Global and NuBank — is engaging to buy a 5% to 9.9% stake […]
Fintech Bolt is buying out the investor suing over Ryan Breslow’s $30M loan
TuSimple, once a buzzy startup considered a leader in self-driving trucks, is trying to move its assets to China to fund a new AI-generated animation and video game business. The pivot has not only puzzled and enraged several shareholders, but also threatens to pull the company back into a legal…
Form3, a quiet giant in UK fintech, raises $60M at a $570M valuation
The global economy remains in a sticky spot, in the words of the International Monetary Fund. Understandably, banks and other financial players are therefore looking to do what they can to bring down operating costs while spurring more financial activity. Today, Form3, one of the startups building tools to do just that by connecting financial […]
Drip Capital, a fintech that provides working capital to SMBs, picks up $113M
For over two decades, Jay Chandarana relied on commercial banks to meet the day-to-day, working capital needs of his family business, the sesame seed exporter Dhaval Agri. It was an arrangement that basically worked: The company grew to have a 13% share of the country’s total exports, making it the largest sesame seed exporter in […]
Ziina banks $22M as growth explodes for the UAE-based fintech for small businesses
In June 2021, Ziina, fresh from completing YC’s first cohort that year and securing a $ 7.5 million seed, launched its fintech app to 20,000 retail customers, allowing them to send and receive money. Three years later, the Dubai-based startup, which now counts 50,000 retail and business customers byafter expanding its offerings to meet the […]