Clerkie Launches its AI-powered Financial Assistant, Announces $2 Million Seed Round Led by Flourish

SAN FRANCISCO, CA, May 21, 2019 – Clerkie, the AI-powered financial assistant, officially launched its app today with $2 million in seed funding from Flourish, a venture of The Omidyar Group focused on backing impact fintech globally, and angel investors. Clerkie's mission is simple: democratize financial help by bridging the...

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[Forbes India] Toffee's Rohan Kumar: Bicycle thieves: The surprising growth engine for Toffee Insurance

Toffee, an insurtech startup in India providing accessible, digitized insurance policies to its consumers, was featured in Forbes India for one of their highest - and, perhaps most unique - insured products. According to the article, a staggering number of the insurtech startup's products are sold against cycle theft, a rising issue...

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[Disrupt Africa] Meet the Investor: Arjuna Costa, Flourish

Flourish managing partner Arjuna Costa sat down with Disrupt Africa to share about his journey - from his career on Wall Street, to starting funding microfinance organizations in Sub-Saharan Africa, and now co-managing Flourish with a primary focus on venture investing across emerging markets in Asia, Africa, and Latin America. “I...

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[LiveMint] Opinion | How regulatory sandbox can be tailored to the Indian context

Smita Aggarwal, Investments and Policy Advisor at Flourish, recently contributed to LiveMint's Opinion section to share insights on shares how regulatory sandbox provides an opportunity for India to be a role model for having innovation-friendly and inclusion-focused regulation. "The recently announced framework for regulatory sandbox by the Reserve Bank of...

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[WWD] Today's Consumer - Cash-strapped, Loaded With Debt, Living Beyond Their Means

WWD's Arthur Zaczkiewicz' latest article spotlights the crippling debt that many in the US face as they live beyond their means. It spotlights the fact that about 80 percent of all US families, which includes minimum wage earners to those classified as upper middle class, are living paycheck-to-paycheck—meaning they don’t...

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[TechCrunch] Cushion wants to negotiate bank service fees on your behalf

On Tuesday, Flourish shared our investment in Cushion, the app that helps consumers in the US negotiate their bank and credit card fees. Cushion announced that the company raised $2.8 million in a Seed Round from existing investor, pre-seed fund Afore Capital, and new investors Flourish, 9Yards Capital, Green Cow...

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Cushion Announces a $2.8 Million Seed Round

Cushion, the app that helps consumers in the US negotiate their bank and credit card fees, announced today that it raised $2.8 million in a Seed Round from existing investor, pre-seed fund Afore Capital, and new investors 9Yards Capital, Flourish, Green Cow Venture Capital, and Vestigo Ventures. Cushion uses an...

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[The New York Times] Are Americans Financially Healthy?

Today, the New York Times T Brand Studio released a sponsored article titled "Are Americans Financially Healthy?" that highlights findings from the U.S. Financial Health Pulse 2018 Baseline Survey. Flourish is a proud founding partner of the inaugural U.S. Financial Health Pulse, led by the Center for Financial Services Innovation...

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Mint: Fintech touching millions of lives by redefining financial services

On this opinion piece published at Mint, our very own Smita Aggarwal talks about how fintech in India is growing to reach many underserved (yet, economically viable) customers for the better, and changing financial services for millions. "India is witnessing a huge digitization upsurge. Internet and smartphone users are on...

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[Financial IT]: Crown Agents Bank Acquires Segovia to Strengthen Its Frontier Markets Payment Platform

Crown Agents Bank announced that it has acquired Flourish portfolio company Segovia, a US-based technology company focused on frontier market payments. The two companies have been working together since 2017 and share a common mission: making payments to and from frontier markets easier, faster, more secure, and cost-effective. Financial IT...

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[MarketingWorld]: Paga Grows, Hits $4.6 Billion in Transactions in 10 years

Flourish proudly congratulates Paga, one of the leading mobile money operators in Nigeria, as they mark their 10th anniversary on April 3, 2019. This week, Paga announced it has processed over $4.6 billion in transactions since it kicked off operations. MarketingWorld shared how the mobile money company plans to expand...

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Flourish Invests in Digital Identity Software Provider Cambridge Blockchain

Flourish has joined the Cambridge Blockchain Series A extension round announced today, alongside PayPal and Omidyar Network. With this investment, we aim to empower consumers to get more control over their digital identity information, while making it easier for financial institutions and other players to comply with Know Your Customer...

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