News Archive | Page 18 of 20 | Flourish Ventures

[Bloomberg] Socially Conscious Bank Card Gives Do-Gooder Customers Cash Back

Online bank Aspiration will give its debit-card customers 3% to 5% cash back when they shop at more than dozen companies that have a social mission, including eyeglass provider Warby Parker, shoe seller Toms and household-goods retailer Brandless, the bank said in a statement Thursday. “It provides the encouragement people...

Announcement

Yelo raises funding to Launch Financial Services Catered to India's Next Half Billion

Mumbai/Bangalore, 3 September 2019— येLo (pronounced as “Yelo”) has announced seed round funding from Matrix Partners India, Omidyar Network India, and Flourish. Existing investor Better Capital also participated in the round. येLo is a digital only mobile-first neobank focused on serving mass market consumers with a custom-made suite of financial products...

[The Economist] The poor, who most need insurance, are least likely to have it

This week, The Economist shines a light on how moves to expand “financial inclusion” are being extended to bring the poor insurance as well as mobile-money accounts and access to credit. In particular, they shares examples of progress from Flourish portfolio companies Toffee, Pula and MircroEnsure. On Microensure: The other...

News

[TechCrunch] India's Indifi raises $21M to expand its online lending platform

Indifi, a Gurgaon-based startup that offers loans to small and medium-sized businesses and also operates an online lending marketplace, has raised 1,450 million Indian rupees ($21 million) in a new financing round to expand its business in the country. The Series C round for the four-year-old startup was led by...

“GB” Olugbenga Agboola

[TechCrunch] Flutterwave and Alipay partner on payments between Africa and China

Flutterwave, a San Francisco and Lagos-based fintech startup providing a digital payments service and Flourish portfolio company, has partnered with Chinese e-commerce company Alibaba’s Alipay to offer digital payments between Africa and China. TechCrunch's Jake Bright shared a spotlight on the partnership's potential to impact merchants. Alipay is Alibaba’s digital...

[This Day Live] Costa - Why Financial Inclusion is Not Enough Anymore

This July, Flourish held Flourish Startup Bootcamp and the Market Makers events in Lagos where our Managing Partner, Arjuna Costa, spoke to select journalists on what the firm is bringing to Nigeria and Africa and the new trends in fintech. This Day Live's Solomon Elusoji shared the below from Arjuna's discussion...

Andrei Cherny

[Los Angeles Times] How I Made It: He dreamed of a career in politics. Now he’s shaking up consumer banking

Andre Cherny, co-founder and CEO of Flourish portfolio company Aspiration, sat down with the Los Angeles Times' Margot Roosevelt in a "How I Made It" feature to share his own journey - from politics, to Fintech - to how Aspiration's mission is focused on the health of consumer finances, their...

Jennifer Tescher

[Forbes] FHN's Jennifer Tescher: Go Slow On Libra. Speed Up On Faster Payments.

In June, Facebook revealed the details of its proposed cryptocurrency, Libra, which will let you buy things or send money to people with nearly zero fees. Jennifer Tescher, founder and CEO of the Financial Health Network, raises concerns about Libra in her Forbes Opinion piece. She notes that while it's...

VIDEO: Juntos Featured in El Financiero TV Bloomberg

Flourish portfolio company Juntos was recently featured in El Financiero TV Bloomberg segment called Ganadores y Perdedores. During the time on the show, the company's CEO & Co-Founder Ben Knelman discusses the fintech landscape and how their solution is aimed at helping financial institutions drive growth by creating strong customer relationships....

[Ozy.com] He's Banking the Unbanked in Nigeria and Beyond

Paga's CEO and Founder, Tayo Oviosu, is featured in this article in the rising star section of Ozy.com. In 2009, Tayo Oviosu returned from the US to Nigeria, with the desire to start a company with a big idea. “I knew that whatever I wanted to do had to pass...

Tech companies are changing for the better

[WEF] Tech Companies Are Changing, for the Better

On this blog published by the World Economic Forum, our managing partner Tilman Ehrbeck talks about how the mindset among tech companies is moving from “move fast and break things” to “move purposefully and fix things." The change, he explains, is driven by an emerging trend in which consumers want...

[Forbes] Momentum Is Building for a 21st-Century Digital Banking Infrastructure

Tillman Ehrbeck shares insights in an article published by Forbes on the trends discussed at the Springs Meetings of the World Bank/International Monetary Fund (IMF) in Washington, DC. Tilman, a former IMF employee and Advisory Council Chair to the U.N. Special Advocate for Inclusive Finance in Development, says that "while...