News Archive | Page 18 of 22 | Flourish Ventures

[Business Day] Flourish Ventures sees mixed impact of COVID-19

By Jumoke Akiyode-Lawanson Arjuna Costa is a Managing Partner, Flourish Ventures, a venture firm of the Omidyar Group, that invests in fintechs and entrepreneurs whose innovations help people achieve financial health. In this interview with Jumoke Akiyode- Lawanson, he talks about the effect of COVID-19 on Nigeria’s tech sector, the...

A tale of two challenger bank models

[TechCrunch] The Tale of 2 Challenger Bank Models

Accelerated by the pandemic and its economic fallout, the tale of retail challenger bank models across the world has been diverging. In the Americas, Albo, Chime, and Uoala have all reported record user numbers as consumers adapted to a “no-touch” economy. Aspiration and Varo announced successful equity fund raising rounds. In Europe, by...

New Survey of South African Gig Workers Reveals Significant Financial and Lifestyle Impacts Since The COVID-19 Pandemic Began

Johannesburg, South Africa—July 29, 2020— Flourish Ventures, a global fintech investor helping people achieve financial wellbeing, today published the South African edition of The Digital Hustle: Gig Worker Financial Lives Under Pressure. The report tracks the experiences of more than 600 gig workers, including those who use digital platforms such...

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[Business Insider] Investors are bullish on tech startups ability to fix income gaps

Originally posted on Business Insider Millions of Americans now find their bank branches closed and their paychecks gone. A new generation of VCs is looking to back financial technology startups that help. Read the full article on Business Insider.

[Business Insider] Meet the 25 investors making waves in the red hot fintech industry

Originally posted on Business Insider These 25 investors are hunting for the next big fintech unicorn. Here's what founders should know before pitching them. Read the full article on Business Insider.

[Forbes] In The Race To Own Retail Finance, The Winners Should Be Consumers

In his latest contribution to the Forbes Finance Council, Managing Partner Tilman Ehrbeck shares his perspective on the rise of TechFin and retail finance, and what that means for consumer protection. New investments and product releases from Apple, Facebook, and others will inevitably lead to renewed competition and innovation. And...

[The Times of India] India offers exciting blueprint for other emerging markets

Originally posted on Times of India Omidyar Network, the family investment office of eBay founder Pierre Omidyar, spun off its financial inclusion investment arm, Flourish Ventures, last year with capital of about $300 million. Flourish focuses on consumer & SME lending, challenger banks, personal finance, insurtech, and some other areas....

[TechCircle] Tilman Ehrbeck on why India is a key market for Omidyar Network-backed Flourish Ventures

In an interview with TechCircle, Managing Partner Tilman Ehrbeck shares insights from our rapidly expanding portfolio in the Indian fintech market. Tilman explains in the interview how our investment team is using the Fair Finance Principles to inform strategy and improve the financial system for more and different users. Read...

[Livemint] Flourish Ventures may fund Indian firms in embedded finance, neo-banks this year

Managing Partner Tilman Ehrbeck sat down with Livemint to discuss our growing focus on fintech investments in India. In 2019, Flourish invested in two new start-ups (neobank Yelo and Shubhloans, a digital lending startup) in India and made follow-on investments in fintech startups ZestMoney, Indifi, Kaleidofin, and also in Toffee,...

[Forbes] The Hidden Volatility Beneath Economic Indicators

Managing Partner Tilman Ehrbeck shares his thoughts in Forbes on the US Financial Health Pulse from our partners at the Financial Health Network. The biggest takeaway? “We cannot be complacent about financial health.” "United States GDP grew by 1.9% annually last quarter." "Unemployment is at 3.6%." "Consumer spending is steady."...

[YourStory] Indian FinTech Kaleidofin raises 360 million rupees ($5.1 million) in Series A round

Kaleidofin Private Limited, India’s first neobank for the informal sector customer, has closed an INR 360 million Series A round. In discussing Flourish’s renewed support, investment director Anuradha Ramachandran stated, “We are excited to continue to support Kaleidofin on their journey to helping Indians build economic resiliency and achieve financial...

[The Times of India] Toffee Insurance raises $5.5 million in Series A

Learn more about the new round of funding announced by our insurtech portfolio company Toffee. Using AI and machine learning, Toffee is helping people in India to build safety-nets and manage risk through bite-size insurance policies. The Times of India has more on our follow-on investment and plans ahead for...