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Money

[TechCrunch] Hummingbird lands $30M to bring design thinking to anti-money laundering investigations

Originally posted on TechCrunch By Anita Ramaswamy Image Credit: klmax/Getty Images Hummingbird, which sells anti-money laundering software to banks and fintechs, announced today that it raised a $30 million Series B led by new investor Battery Ventures. Existing investors Flourish and Homebrew also participated in the round alongside FinVC and Plaid cofounder William Hockey. The round, Hummingbird’s first since its...

Efayomi Carr

[THISDAY] How a cashless Africa strengthens the economy of the continent

Originally posted on THISDAY The dream of a completely cashless Africa, where a Kenyan can trade easily with a Zambian despite the countries having different currencies and being in different economic zones, was a far-fetched reality less than a quarter of a century ago, and it was definitely a time...

Fintech in Africa

[Fintech Africa] Fintech Has Taken Off In Africa – Here’s Why It’s Not A Bubble

Originally posted on Fintech Africa Some of the most innovative models in fintech we’ve seen have come out of our Africa portfolio, such as the way Pula advanced embedded finance by bundling crop insurance with the seed bought by small farmers. This year, it seems the rest of the world...

[AlleyWatch] Brigit Raises $35M to Help the 78% of Americans That are Living Paycheck-to-Paycheck

Originally posted on AlleyWatch The uncertainty of the pandemic has introduced financial uncertainty to millions of Americans. During these difficult times, budgeting and prudent financial management can help Americans get through this struggle as we try to return to normalcy. Brigit is a personal finance app that takes a holistic approach to...

Business Daily Africa - Efayomi Carr

[Business Daily Africa] Why embedded finance can build Africa's real estate

Originally posted on Business Daily Africa Africa's urban population has seen a boom over the last 35 years, with an increase in the number as well as the size of towns and cities, playing a key role in fostering rural-urban migration for millions of citizens who seek better fortunes and...

Tiger Global and Swap

[TechCrunch] Tiger Global Leads $25M Investment into Swap Which Aims to Be Latams Fintech Factory

Originally posted on TechCrunch By Mary Ann Azevedo Image Credits: Ury Rappaport, CMO, Douglas Storf, CEO e Alexandre Takinami, CPO da SWAP. FOTO TIAGO QUEIROZ / Swap Swap, a São Paulo-based BaaS startup, announced today it has raised $25 million in a Series A led by Tiger Global Management. The financing was “heavily...

Man at computer

[PYMNTS] M2P FinTech Raises $35M in Funding at $335M Valuation

Originally posted on Pymnts India-based API infrastructure company M2P FinTech has generated $35 million in Series C investments, pushing its valuation to $335 million, according to a Tuesday (Oct. 12) report from The Hindu. Tiger Global Management led the funding round, which received participation from current investors, BEENEXT, Flourish Ventures,...

GramCover - photo of crops

[Mint] Rural Insurtech startup GramCover raises $7 million in Series A funding

Originally posted on Mint BENGALURU : Rural insurtech startup GramCover on Monday said it has raised $7 million as part of its Series A fundraise co-led by Siana Capital and Inflexor Ventures. Stride Ventures also participated in this round alongside existing investors Omidyar Network India, Flourish Ventures and Emphasis Ventures...

[Consumer Reports] The Hidden Costs of Credit Karma, Credit Sesame, and Other Credit Score Apps

Originally posted on Consumer Reports By Lisa L. Gill Most don't produce reliable scores, and all have unnecessary charges and pose privacy risks, Consumer Reports finds Photo Illustration: Lacey Browne/Consumer Reports, Getty Images Janet Ha Andrews, 33, of Redmond, Wash., started using Credit Karma several years ago as a new...

Rent Payment graphic

[USA Today] Jetty aims to ease first-of-the-month anxiety with guaranteed, on-time rent payments

Originally posted on USA Today A New York City fintech start-up aims to fix a common anxiety both landlords and renters often experience on the first of each month: the rent payment. Landlords wonder whether they'll receive it, and renters wonder whether they can pay it. Jetty offers a solution. What's...

Tilman - American Banker

[American Banker] BankThink Banks' consumer-friendly moves validate challenger model

Originally posted on American Banker Just as fintech is taking on record-setting equity capital, nearly a dozen incumbent banks have signaled that they are “rethinking” their business practices as they relate to traditional checking accounts. A few of them are eliminating their often-punitive overdraft charges; others are copying a page from the fintech...

Efayomi TechTrendsKE

[TechTrendsKE] Africa's youth hold the key to the expansion of agritech across the continent

Originally posted on TechTrendsKE The Covid pandemic has focused global attention on the drastic need for food systems to change and become more efficient, cost-effective, and far-reaching. Longer term solutions such as land reform and policy change have come to the forefront but many are looking to agricultural technology (agritech)...