News Archive | Page 19 of 22 | Flourish Ventures

[TechCrunch] Albo raises $19M Series A to scale Mexico’s largest neobank

TechCrunch covers our portfolio company Albo's latest fundraising round. The Mexican challenger bank has secured a $19 million extension to its Series A financing. Albo's Angel Sahagun says it owns the market share in Mexico with 200,000 monthly active customers who are spending and making transactions in its platform. Read...

U.S. Financial Health Pulse Finds Only 29% of People Living in the U.S. Financially Healthy

Chicago, IL – Nov. 14, 2019 – The Financial Health Network, the nation’s authority on financial health, in partnership with Flourish, MetLife Foundation, and AARP, today released the U.S. Financial Health Pulse 2019 Trends Report. Now in its second year, this year-over-year analysis of peoples’ financial health found that despite...

[Bloomberg] Warehouses Are Tracking Workers' Every Muscle Movement

Every morning when he goes to work in the freezer room of a warehouse in eastern Pennsylvania, Jack Westley throws on a hooded sweatshirt to keep warm and grabs a radio to talk to his coworkers. He was recently given a new piece of equipment to wear, which he attaches...

Brad Magrath

[How We Made It In Africa] The journey so far: Brad Magrath, co-founder, Zoona

Brad Magrath is the co-founder and CEO of Zoona, a financial services company that offers money transfers and payment solutions. The company has operations in Zambia, Malawi and Mozambique as well as support offices in South Africa. 1. Tell us about one of the toughest situations you’ve found yourself in...

New Alliance Launches to Help Regulators Deploy Tech and Build Smarter Financial Regulation

Backed by Fintech Entrepreneurs and VCs, Alliance for Innovative Regulation (AIR) Launches at Money20/20 Washington DC – Tuesday, October 29, 2019 – To help regulators embrace technology and integrate innovation into their organizational DNA, Jo Ann Barefoot, former Deputy Comptroller of the Currency, and David Ehrich, co-founder of fintech credit...

Roll Call: Duo seeks to bridge information divide in fintech industry

Group calls for using data to achieve better credit access By Steven Harras Posted October 22, 2019 at 6:30am When a diverse coalition, including big banks and a civil rights group, this summer called for speedier deployment of cash-flow data to widen Americans’ access to credit, it was a little-known startup research organization that brought...

[Forbes] FHN Jen Tescher: When Mission and Margins Meet, the Market Celebrates

By Jennifer Tescher, Financial Health Network One of the many things this crazy year will be remembered for is dead unicorns. The road to IPO is littered with $1 billion+ duds: Uber, GreenSky, WeWork. The carnage has been so bloody, some venture capitalists and tech founders are beginning to realize...

[The New York Times] He Grew Up on a Farm. Now, He Helps Protect Them.

In their Visionaries series, The New York Times selects people from all over the world who are pushing the boundaries of their fields, from science and technology to culture and sports. In their latest piece, they shine a spotlight on Thomas Njeru, the proud co-founder of Pula. Pula, a Flourish portfolio...

News

[TechCrunch] FairMoney raises $11 million for its challenger bank for emerging markets

Fintech startup FairMoney is building a challenger bank in Nigeria. The company first started offering microcredit and now plans to expand to current accounts and savings. FairMoney just raised an $11 million Series A round (€10 million) led by Flourish, DST Global partners and existing partners Newfund, Speedinvest and Le...

[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...