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Gilroy, former Coatue fintech head, and angel investor Rajaram launch VC firm | TechCrunch

November 23, 2024 5:59 AM0


Michael Gilroy, a former head of fintech investments at Coatue, and Gokul Rajaram, a longtime tech executive and prolific angel investor, are forming a yet-to-be-named venture firm and plan to begin fundraising toward a $400 million to $500 million debut fund early next year, Bloomberg reported. The firm will invest in US-based early-stage fintech and […]

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Software Development in Sri Lanka

Robotic Automations

StoreCash's new app lets you instantly earn cash back at stores | TechCrunch

November 22, 2024 8:46 PM0


Daricus Releford always wanted to be a founder.  In high school, he ran a hot dog station and in college launched a chocolate-covered strawberry business, making millions in sales before moving to Silicon Valley to pursue his dreams in tech. Entrepreneurship simply runs in his family, he told TechCrunch. “My grandfather was one of the […]

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Software Development in Sri Lanka

Robotic Automations

German fintech unicorn N26 just had its first profitable quarter | TechCrunch

November 21, 2024 11:19 PM0


Ten years after pitching on stage at TechCrunch Disrupt in London, fintech N26 has reported its first ever quarterly (pre-tax) profit. The challenger bank with millions of customers across Europe generated a net operating income of €2.8 million during the third quarter of 2024 (or $2.9 million at current exchange rates). This is an important […]

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Software Development in Sri Lanka

Robotic Automations

Another VC-backed fintech, Earnin, faces crackdown over allegedly ‘predatory’ loans | TechCrunch

November 21, 2024 2:46 AM0


The attorney general for the District of Columbia is suing instant payday loan fintech Earnin for “deceptively marketing and providing illegal high-interest loans,” the AG alleges. Earnin allows its users to get loans against paychecks. It advertises that users can get $150 a day, up to $750 per pay period, with “no interest, credit check […]

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Software Development in Sri Lanka

Robotic Automations

SmartBank secures $26M for its personal finance management app | TechCrunch

November 12, 2024 8:48 AM0


The majority of the aging population in Japan still prefers using cash for transactions, according to a recent report citing government data. In 2023, cashless transactions in Japan totaled 126.7 trillion yen ($885 billion), accounting for 39.3 percent of all spending in the country, said the Japanese government. The government hopes that number reaches 40 […]

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Software Development in Sri Lanka

Robotic Automations

Exclusive: Brazilian fintech Tako emerges from stealth with sizable seed round led by a16z and Ribbit Capital

November 11, 2024 3:36 PM0


Running payroll is hard in any country, but perhaps especially so in Brazil thanks to consistently changing laws and extremely influential unions that make it significantly harder to get it right. Fernando Gadotti struggled with this as the co-founder and CEO of DogHero, LatAm’s version of Rover. When Gadotti left the company in 2022, after […]

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Software Development in Sri Lanka

Robotic Automations

The FTC comes after neobank Dave for misleading marketing, hidden fees | TechCrunch

November 7, 2024 1:46 AM0


The Federal Trade Commission (FTC) announced on Tuesday it will be taking action against the online cash app and neobank Dave, which it says used “misleading marketing to deceive consumers.” At issue is how Dave marketed $500 cash advances to consumers that it rarely offered, and the “Express Fee” it charged if customers wanted their […]

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Software Development in Sri Lanka

Robotic Automations

Former Caribou founder launches Further, a fintech that's focused on helping people buy homes | TechCrunch

November 1, 2024 6:49 PM0


Buying a home has always been complicated. You have to figure out how much money to put down and how that down payment will affect a monthly mortgage bill. Then there are the closing costs and fees. Kevin Bennett launched Further to try to help make the financial process easier to navigate — especially for first-time […]

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Software Development in Sri Lanka

Robotic Automations

Google, DPI backs African fintech Moniepoint in $110M round | TechCrunch

October 29, 2024 2:18 PM0


Google’s Africa Investment Fund is a new investor in African fintech Moniepoint, which just closed $110 million in new financing. The Series C round, which involved an equity sale, per Bloomberg, was led by Development Partners International’s African Development Partners (ADP) III fund. Other investors, including African private equity firm Verod Capital and global impact […]

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Software Development in Sri Lanka

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