Ask any engineer tasked with tracking customer balances, what the experience is like, and you’ll get a deep sigh that says, ledgering is the bane of existence. Fragment is a startup that offers a ledger API that makes real-time, double-entry accounting accessible to engineers without having to learn a whole new accounting vocabulary. Founders Thomas Neckel, CEO, and […]
Sequoia bets big on Stripe, LatAm fintechs clean up and one African startup’s outsized Series A
Welcome to TechCrunch Fintech! This week, we’re looking at Sequoia Capital’s effort to give its LPs liquidity on the firm’s investments in Stripe, how LatAm fintechs are still catching investors’ attention, a sizable Series A from an African startup, and more. To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to […]
Major Stripe investor Sequoia confirms $70B valuation, offers its investors a payday
Payments giant Stripe has delayed going public for so long that its major investor Sequoia Capital is getting creative to offer returns to its limited partners. The venture firm emailed LPs in funds raised between 2009 and 2011with an offer to buy up to $ 861 million worth of shares in Stripe, Axios reported. Sequoia […]
Stripe curbs its India ambitions over regulatory situation
Stripe, the world’s most valuable fintech startup, said on Friday that it will temporarily move to an invite-only model for new account sign-ups in India, calling the move “a tough decision” as it navigates the country’s evolving regulatory landscape. In a statement posted on its website, Stripe said businesses in India will no longer be […]
Stripe, doubling down on embedded finance, de-couples payments from the rest of its stack
Stripe continues to hold the title of being the biggest financial technology business still in private hands, with a current valuation of about $ 65 billion and a whopping $ 1 trillion in total processed payment volume last year alone. But fintech is fragmented and a fast-moving target, and with competitors chipping away at its place, […]