[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,...

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[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...

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[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...

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[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...

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[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...

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[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)...

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[The Real Deal] Rental insurance startup looks to solve late-rent problem

Originally posted on The Real Deal By T.P. Yeatts Jetty offers product as rental market contends with return of evictions; aims to become go-to financial services platform for rental industry Image credit: Jetty co-founder and CEO Mike Rudoy (iStock, Jetty) Late rent payments are a problem not only for renters,...

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[The Standard] Plumbing: The heartbeat of embedded finance

Originally posted on The Standard When one thinks about embedded finance, the first image that comes to mind might be a mobile payments tool in WeChat, or maybe a bank account for Uber workers. What they might not know is just how much work goes on behind the scenes to...

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[TechCrunch] Jetty raises $23M to help give renters more payment flexibility

Originally published in TechCrunch By: Mary Ann Azevedo Jetty, a fintech company which aims to give renters flexibility when paying rent, has raised $23 million in a funding round co-led by Citi and Flourish Ventures. The financing brings Jetty’s total raised since its 2016 inception to $78 million. Other investors...

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[Nikkei Asia] Bangladeshi retail tech startup raises $74m from US fund

Originally posted on Nikkei Asia By Rachel Phua Image credit: A man sells vegetables on the street in Dhaka on July 6. Bangladesh is one of the most fragmented retail markets in Asia and has huge potential to grow.   © Reuters SINGAPORE -- ShopUp, a Bangladesh-based startup that is...

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[TechCrunch] Commerce platform ShopUp raises $75 million in Bangladesh's largest funding

Originally published in TechCrunch By: Manish Singh ShopUp, a startup that is digitizing neighborhood stores in Bangladesh, has raised $75 million in a new financing round that is also the largest in the South Asian market. Peter Thiel’s Valar Ventures led ShopUp’s $75 million Series B round. Prosus Ventures as well as...

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[TechCrunch] MaxAB gets an extra $15M, acquires YC-backed Moroccan startup WaystoCap

Originally posted on TechCrunch By Tage Kene-Okafor Last month, MaxAB, the Egyptian B2B e-commerce platform that serves food and grocery retailers, raised one of the largest Series A on the continent, to the tune of $40 million. Today, it has raised a $15 million extension from existing investors — RMBV,...

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