News Archive | Page 18 of 23 | Flourish Ventures

[Reuters] Grab raises $300 million for fintech arm's ambitious expansion

Originally posted on Reuters By Anshuman Daga SINGAPORE (Reuters) - Southeast Asian ride-hailing and food delivery giant Grab has raised more than $300 million from investors led by South Korea’s Hanwha Asset Management Co. Ltd for its rapidly-expanding financial services business. Grab said this is the first external funding for...

[Forbes] Forbes Fintech Awards 2020: Jack Dorsey Gives Banks A Wake-Up Call

Originally posted on Forbes By Jeff Kauflin and Eliza Haverstock This past year was a whirlwind for fintech. The pandemic hit many businesses like a hurricane, with lenders suffering the most damage. But as government stimulus checks hit bank accounts and consumers began buying everything online, some of the most...

[CNBC Africa] COVID-19: How the pandemic has impacted Africa’s gig economy

Originally posted on CNBC Africa According to a report by Flourish Ventures, 66 per cent of gig workers across the globe reported a large decline in income, with ridesharing drivers being hardest hit. Watch the interview on CNBC Africa.

[TechCrunch] Unit raises $18.6M to offer banking features as a service

Companies like Stripe and Twilio have changed the game for online businesses by making it easier to integrate payments and communications services into their customer interfaces without having to build those features from the ground up, or make costly investments to integrate them from elsewhere. Today, another startup is launching and announcing some...

VIDEO: [Falk Marques Group] Flourish Ventures' Emmalyn Shaw on Making Impactful Financial Service Investments

Originally posted on Falk Marques Group In our latest interview, Flourish Ventures’ Emmalyn Shaw discusses her journey to becoming an impact investor – a journey spurred by a desire to “marry” her interest in the entrepreneurial space with a “positive outcome.” She describes the companies she now focuses on at...

[TechCrunch] YC-backed Heru raises $1.7M to build software services for Latin American gig workers

Originally posted on TechCrunch Given the attention that TechCrunch pays to Y Combinator’s Demo Days, we also try to keep tabs on the same startups as they scale and raise more capital. Yesterday we covered YC Winter 2020 participant BuildBuddy, for example. Today we’re taking a look at Heru, a startup based in...

[Nikkei Asia] Ant Group and WhatsApp show the risks and upside of Big Tech finance

Originally posted on Nikkei Asia WhatsApp was finally cleared earlier this month to launch its long-awaited payment functionality in India. It is not hard to imagine the new service taking off rapidly when sending money is just a click away on an app with 400 million domestic users. This kind...

[Axios] Survey reveals pandemic's toll on gig workers

Originally posted on Axios More than two-thirds of gig workers have seen their incomes drop during the coronavirus pandemic, with almost a third cutting back on food as they struggle to cover expenses, according to new data from an industry survey shared exclusively with Axios. The big picture: The pandemic has...

ShopUp

Bangladeshi B2B Commerce Platform ShopUp Raises $22.5 Million Series A Financing Round

Dhaka, Bangladesh - 20 October 2020 - ShopUp, Bangladesh’s leading full-stack B2B commerce platform for neighborhood shops and online sellers, has raised a Series A round of $22.5 Million. This is the largest Series A round in Bangladesh and was co-led by Flourish Ventures and Sequoia Capital India, with additional...

[Forbes] Financial Health Still A Struggle For Many—More Financial Innovation Needed

Originally posted on Forbes Recent research highlights the ongoing struggle many Americans have when it comes to financial health—underscoring the need for more financial innovation to meet these needs. Venture investors, technology partners and government bodies need to work together to improve financial health for a broader percentage of the...

[Tech Collective SEA] The path to success for challenger banks in Southeast Asia

Originally published on Tech Collective SEA Challenger banks – digital only, mobile first, without costly branch network or cumbersome legacy IT – are all the rage in the region: Singapore is about to grant 5 new digital bank licenses, two of which are expected to be consumer banks. Hong Kong already...

[CNBC] Most Indian gig workers faced hardship during the pandemic, expert says

Among the Indian gig workers surveyed, those that were able to receive some form of government aid were “far more likely” to be hopeful for the future compared to those who did not, says Tilman Ehrbeck, managing partner at Flourish Ventures. Watch: