14peaks Raises $30M To Back Fintech And The Future Of Work
14Peaks Capital, founded in 2022, is a Switzerland-based venture capital firm focused on the business-to-business software market. :
“I was always much more interested in funds where I was one of 15 partners, rather than one of 100,” says Edoardo Ermotti, the founder of Swiss venture capital firm 14 Peaks Capital, of his investment approach as a former business angel and family office executive.
Startup Funding: Indian Tech Startups Receive $1.6 Bn In Funding In Q1 2024; Retail, Fintech Lead, Et Retail
The Indian tech startup ecosystem received $1.6 billion in total funding in the first quarter this year (till March 15), becoming the fourth-highest nation globally in terms of funding raised during this period, a new report showed on Tuesday.
Fintech With A Niche Programming Language Taps Ex-stripe Dev To Lead Expansion
Silicon Valley Bank's collapse this time last year left a gap in the market many are trying to take advantage of. One relative newcomer on the scene is Mercury, a fintech that provides "startup banking" and other financial infrastructure, and it's looking to grow. The San Francisco based fintech has recently hired a new "head of engineering, expansion" with a high pedigree in fintech.David Bai joins Mercury from crypto giant Opensea, where he was a director of engineering for its core product team.
With Fintech Funding Down 70%, Here's What 11 Big Startups Are Worth Now
The estimated value of 11 leading private fintech startups shows declines as high as 79%. But a few have started to recover.
Google Bets Big On Monzo, Values The Uk Fintech At $5B
Monzo has
announced a €397 million ($400 million) funding round led by CapitalG, Google’s
independent growth fund. The UK's largest digital bank, with over 9 million
customers, is currently valued at $5 billion.Monzo Raises €397 Million
to Fuel Expansion PlansThe round
also saw participation from global tech investors, such as GV (Google Ventures),
HSG (HongShan Capital), and existing backers (Passion Capital and Tencent).The funding
round values Monzo at a post-money valuation of $5 billion, a significant
increase from its previous $4.5 billion valuation in late 2021.
Bank-to-fintech Matchmaker Nayaone Raises $4.7M
NayaOne, a Sandbox-as-a-Service platform that helps to match financial institutions with fintechs, has raised $4.7 million. :
NayaOne, a Sandbox-as-a-Service platform that helps to match financial institutions with fintechs, has raised $4.7 million. The funding round was led by EJF Capital, with Valley Ventures, the corporate venture capital arm of Valley Bank and Carthona Capital also on board. Valley Bank is the first US adopter of NayaOne's technology, which comprises a sandbox for testing innovative technology from a curated marketplace of vetted fintechs.
Jeff Bezos-backed Brazil Fintech Stark Bank Doesn't 'believe In Remote Work' | Fortune
"We need people who are aligned with what we’re building," says Rafael Stark, founder of Sao Paulo-based Stark Bank. :
Stark Bank, one of the few Latin America startups to receive funding from Jeff Bezos’ family office, is generating profits from its business of helping companies handle payments, while leaving cash raised from its funding rounds nearly untouched.
Fintech Exodus Continues As Family Finance App Nosso Winds Down
Family finance app Nosso is the latest UK fintech to bite the dust, following in the footsteps of circular economy firm Twig, open banking player Kikapay and business app Paysme,
Hedge Fund Hires Who Joined $12bn Fintech Given One Hour To Leave
While we're (hopefully) past the worst when it comes to fintech layoffs, we can expect more to come in 2024. The latest example comes from $12bn valued spending management platform Brex, which hired names from some big financial institutions and is now letting them go.The fintech, which says it grew too quickly, is firing 20% of its 'brexlings' or around 282 of its employees. It's also organized an alumni list, showing who's out. Some of those on the list joined Brex from hedge funds.
Fintech Firm Finagg Technologies Raises $11M In Series A Funding
The company, which works in the MSME financing space, said the latest funding will be utilised towards expanding its offline and online presence, global outreach and investments in product innovation.