Tagged: startups

August 5, 2023 @ 6:17 am By Omar Faridi  |  

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

August 1, 2023 @ 11:01 pm By Omar Faridi  |  

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

July 23, 2023 @ 10:41 pm By Omar Faridi  |  

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

July 17, 2023 @ 10:47 pm By Omar Faridi  |  

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

July 17, 2023 @ 5:28 pm By Omar Faridi  |  

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

July 17, 2023 @ 4:07 pm By Omar Faridi  |  

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

July 17, 2023 @ 4:22 am By Omar Faridi  |  

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

July 8, 2023 @ 9:02 am By Omar Faridi  |  

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

July 6, 2023 @ 12:38 pm By Omar Faridi  |  

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

July 6, 2023 @ 10:17 am By Omar Faridi  |  

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

July 5, 2023 @ 10:04 pm By Omar Faridi  |  

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

July 4, 2023 @ 9:44 am By Omar Faridi  |  

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

July 1, 2023 @ 6:06 pm By Omar Faridi  |  

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

July 1, 2023 @ 9:18 am By Omar Faridi  |  

PETRONAS has announced the selection of 20 startups from across Asia Pacific to participate in the third edition of PETRONAS FutureTech, an intensive technology accelerator program. FutureTech 3.0, “co-organized with StartupX Pte. Ltd., a Singapore-based innovation, venture and startup enabler, marks a significant milestone as… Read More

July 1, 2023 @ 6:24 am By Omar Faridi  |  

Brex, the fully unified global spend platform, announced that Jason Mok has joined Brex to support the firm’s commitment to serving startups and their founders. Coming from venture firm Andreessen Horowitz, Mok joins “at a pivotal time for startups and Brex as more founders than… Read More

June 30, 2023 @ 12:55 pm By Omar Faridi  |  

Capchase, the provider of financing solutions for Software-as-a-Service companies, announced a milestone for its 2021 initiative to provide non-dilutive capital to women- and minority-led startups. Over the last two years, the company has “deployed more than $100 million in funding to these underserved groups using… Read More

June 20, 2023 @ 9:23 pm By Omar Faridi  |  

TransBnk, the Mumbai-based Fintech startup, has successfully raised $1 million in seed funding. The investment round was “led by 8i Ventures, the early stage India-focused VC fund known for its notable successes in the fintech space, including M2P, Slice, Easebuzz, amongst others.” Other contributors to… Read More

June 18, 2023 @ 12:26 pm By Omar Faridi  |  

Paro, a Chicago-based startup disrupting the way companies access on-demand finance and accounting expertise, announced it raised $25 million in Series C funding to further “develop its platform supporting freelance experts and continue its expansion with enterprise clients.” The investment round was “led by Top… Read More

June 16, 2023 @ 9:57 am By Omar Faridi  |  

Tide, the business financial platform, has announced it will help 200,000 female-led businesses start out by the end of 2027. It is the first fintech to support female-led SMEs on this scale. The commitment is part of Tide‘s efforts “to promote gender equality and remove… Read More

June 14, 2023 @ 3:12 pm By Omar Faridi  |  

Discover Bank has launched a new mission-driven investment fund, the Discover Financial Health Improvement Fund, “to support startups and early stage technology companies who are developing solutions to improve the financial health of low- and moderate-income people, communities, and small businesses.” Discover Bank has “made… Read More