Tagged: startups

Latin America based Startups Are Laying Off Workers, LatAm Now Expecting More IPOs, Report Claims

Startups in Latin America are reportedly laying off staff members and are now expecting significantly more initial public offerings (IPOs) by 2024. According to reports, around two-thirds or roughly 67% of Latin American firms have now laid off staff members during the past 18 months,… Read More

Coinbase Welcomes Crypto Startups to Work on Innovative Ideas, Expands TRUST Solution to the UK

Brian Armstrong, CEO at Coinbase (NASDAQ:COIN), has shared several ideas that he claims to be most excited about in crypto right now. The Coinbase Chief Executive says that if you’re building something in crypto or thinking about doing so – check it out. They are… Read More

Governments, Fintech Centers Focused on Reviving Tech Sector Globally, Report Reveals

Ecosystems in the East and West are to promote startups and investments in AI, Web3, and crypto currencies have taken measures to add new life in a sector that has been facing headwinds from risk aversion and rising inflation rates, a review compiled by The… Read More

Tenity Invests in Early-Stage Startups Chosen for Incubation Program in Switzerland

11 early-stage startups from 7 countries (3 from Switzerland, 3 from Germany) have been selected for the upcoming Tenity Incubation Program starting “on August 28th, 2023, in Switzerland” Selected startups reportedly receive “an initial CHF50k investment from the Tenity Incubation Fund II.” The fund will… Read More

SaaS (Software as a Service) Startups Hit Hard by Economic Downturn, New Report Claims

The global economic slowdown has hit SaaS startups hard, according to an update from Capchase. With their customers looking for ways to reduce costs, many have “experienced increased churn, longer sales cycles, and tougher price negotiations.” But these effects have “not been felt evenly across… Read More

Paymentology, DolarApp Enables Consumers in Mexico to Transact Anywhere in USD

Paymentology, the leading global issuer-processor, announces its partnership with DolarApp, the Mexican startup which provides digital dollar accounts to consumers across Latin America. Established in 2021, DolarApp has emerged “as a pioneering force in Latin America by introducing its USD-denominated credit card.” The card grants… Read More

Venture Funding on Carta Inched Upward in Q2, as Startups Raised $15.4B+ in Q2 2023

Venture funding on Carta inched upward in Q2. Startups combined “to raise more than $15.4 billion in funding during the second quarter of 2023, up 26% from Q1.” In several other areas of the venture landscape, “such as early-stage valuations and late-stage deal counts, the… Read More

AI, Climatetech Sectors in Australia Defy Slowdown in Venture Capital Activity: Report

Investment in Australian startups over the first six months of 2023 “fell to US$1.11 billion, compared to US$3.64 billion over the corresponding period in 2022,” according to newly released data from KPMG. The latest numbers from the KPMG Private Enterprise Venture Pulse report shows that… Read More

Qatar Fintech Hub Announces Wave 5 of Incubator, Accelerator Programs

Qatar FinTech Hub (QFTH), founded by Qatar Development Bank (QDB), has announced the final list of FinTech Startups to join Wave 5 of its Incubator and Accelerator Programs. The series is part of QDB’s efforts “to support startups in their entrepreneurial journey through various programs… Read More

UK Financial Conduct Authority (FCA) Digital Sandbox Will Be Available Permanently in August 2023

Following 2 successful pilots, the UK Financial Conduct Authority’s (FCA) Digital Sandbox will be “made available permanently on 1 August 2023, opening up the platform to an even broader range of innovative businesses, start-ups and data providers.” The Digital Sandbox is a testing environment that… Read More

Across All Funding Stages, Q2 2023 Valuations Came in Above Those of Q1: Carta State of Private Markets Report

Every quarter, Carta releases information on the startup ecosystem in their State of Private Markets report. It can take a few weeks for rounds to be recorded on their platform, so they produce a full analysis after they get the final numbers. However, Carta publishes… Read More

Propellant, the Fintech which Analyzes Trading Activity to Drive Business Decisions, Secures New Investment

Propellant.digital, the analytics Fintech which captures and analyses global trading activity to drive business decisions, has secured a strategic investment led by Volta Ventures, the seed and early-stage venture capital firm focused on software startups. Since Propellant was launched in mid 2021 its analytics platform… Read More

Construction Fintech Trunk Tools Announces Launch with $9.9M in Funding

Trunk Tools, a construction-focused fintech startup that addresses the skilled labor shortage by helping workers get paid faster, announced its launch out of stealth with $9.9 million in seed funding. The investment round was “led by Innovation Endeavors, with participation from Fifth Wall, Foundation Capital… Read More

Startup Investments, Japan: Global Brain Teams Up with SMBC Group on its SMBC-GB Growth Fund

Global Brain Corporation, Sumitomo Mitsui Banking Corporation (SMBC), and SMBC Venture Capital Management Co., Ltd. will jointly establish JPY 30 billion “SMBC-GB Growth Fund” in order “to enhance its capabilities to invest in promising startups that will underpin future economic growth in Japan.” While many… Read More

Insurtech: Singlife, Microsoft to Tap Power of AI for Insurance Startups in Singapore

Singlife recently signed a Memorandum of Understanding with Microsoft (NASDAQ: MSFT) to support high-growth insurance startups to adopt generative artificial intelligence (AI). Singlife is the first financial services partner “to collaborate with Microsoft for the Startups Programme in ASEAN for budding insurtech startups to scale… Read More

Web3 Adoption: Global Millennial Capital Introduces Web 3.0 Investment Program for Pre-Seed to Series A Startups

According to McKinsey‘s Web3 report, the financial-services industry has primarily adopted some of these nascent digital technologies and assets. At its peak, the daily volume of transactions “processed on so-called decentralized finance exchanges exceeded $10 billion, with various market fluctuations felt in the last twelve… Read More

Fintech Firm Cheqly Launches Digital Banking Services By Leveraging Mbanq’s BaaS Platform

Mbanq, the US-based Fintech innovator and global Banking-as-a-Service (BaaS) provider, has announced that Cheqly, a Fintech that makes banking simple for startups, has launched utilizing Mbanq’s BaaS platform. With this partnership, Cheqly provides its customers “with an improved banking experience that is specifically focused on… Read More

Financial Innovations for Women Affected by Migration Growth Program Aims to Support Financial Inclusion

Seedstars is announcing the launch of Financial Innovations for Women Affected by Migration (FIWAM), a growth program that aims “to identify and support fintech companies that are focused on promoting financial inclusion, particularly for women migrants and women affected by migration.” Applications are open until… Read More

Italy: Sella Introduces Accelerator Program for Startups Focused on Metaverse Finance

The initiative, aimed at national and international teams, focuses on “developing innovative solutions and technologies” in the field of Metaverse Finance. The initiative is fostered by the Sella Group and developed by its venture incubator dpixel. Metaverse 4 Finance Accelerator is now live “representing the… Read More

Digital Identity Solutions: Socure Acquires Berbix, Together Delivering Accurate ID Verification Services

Socure, the provider of digital identity verification solutions, has acquired Berbix, a San Francisco-based startup that developed a high-accuracy document verification solution with a patent-pending forensics engine “able to detect spoofed IDs – including AI-generated fakes – that are visually indistinguishable to the human eye.”… Read More

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