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6 days to go: TechCrunch Disrupt 2024 kicks off and ticket prices go up
<p>The clock is ticking down! Just 6 days to go until TechCrunch Disrupt 2024! Join 10,000 industry leaders from around the world at Moscone West in San Francisco from October 28-30 to witness groundbreaking discussions with top-tier industry experts, elite networking, an exciting showcase of the newest tech innovations, and so much more. Time is […]</p>
Rahul Patil
Oct 22, 20242 min read
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Interface.ai raises $30M to help banks field customer requests
<p>Interface.ai, a customer automation platform for banks and other financial institutions, today announced that it closed a $30 million funding round led by Avataar Venture Partners. Twenty million dollars of the round was equity, while the remaining $10 million was in the form of debt. It’s Interface’s first outside capital; the startup had been completely […]</p>
Rahul Patil
Oct 22, 20243 min read
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Interface.ai raises $30M to help banks field customer requests
<p>Interface.ai, a customer automation platform for banks and other financial institutions, today announced that it closed a $30 million funding round led by Avataar Venture Partners. Twenty million dollars of the round was equity, while the remaining $10 million was in the form of debt. It’s Interface’s first outside capital; the startup had been completely […]</p>
Rahul Patil
Oct 22, 20243 min read
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One Zero, the AI fintech started by the founder of Mobileye, is raising $100M, say sources
<p>Amnon Shashua, the founder and CEO of Mobileye, has an eye for complicated problems that he believes can be solved with AI, and that AI itself can be fixed to become more reliable. On the sidelines of building and running his self-driving car technology company — which he took public, then sold to Intel, then […]</p>
Rahul Patil
Oct 21, 20244 min read
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One Zero, the AI fintech started by the founder of Mobileye, is raising $100M, say sources
<p>Amnon Shashua, the founder and CEO of Mobileye, has an eye for complicated problems that he believes can be solved with AI, and that AI itself can be fixed to become more reliable. On the sidelines of building and running his self-driving car technology company — which he took public, then sold to Intel, then […]</p>
Rahul Patil
Oct 21, 20244 min read
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Uprise wants to help small businesses make better financial decisions
<p>Small business creation has been on the rise in the U.S. since the pandemic. There are a lot of tech tools designed to help these companies with things like payroll or setting up retirement benefits — but more tools doesn’t mean small businesses know how to use them to make smart decisions. Uprise is looking to […]</p>
Rahul Patil
Oct 21, 20243 min read
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Groww pays $160M tax as it returns to India amid a startup relocation wave
<p>Indian stock trading and mutual fund startup Groww paid $159.4 million in taxes as it shifted its domicile from the U.S. back to India, the company said in a statement on Monday. Nearly a dozen Indian startups are in the process of relocating their headquarters to India from the U.S. and Singapore to better comply […]</p>
Rahul Patil
Oct 21, 20241 min read
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Stripe in talks to acquire Bridge for $1 billion
<p>Stripe is in talks to acquire stablecoin platform Bridge for a whopping $1 billion, according to Forbes. The talks are reportedly in advanced stages, although nothing has been finalized. Bridge, co-founded by Coinbase alumni Zach Abrams and Sean Yu, has built an API that helps companies accept stablecoins. The pair raised $58 million from investors […]</p>
Rahul Patil
Oct 17, 20241 min read
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Stripe in talks to acquire Bridge for $1 billion
<p>Stripe is in talks to acquire stablecoin platform Bridge for a whopping $1 billion, according to Forbes. The talks are reportedly in advanced stages, although nothing has been finalized. Bridge, co-founded by Coinbase alumni Zach Abrams and Sean Yu, has built an API that helps companies accept stablecoins. The pair raised $58 million from investors […]</p>
Rahul Patil
Oct 17, 20241 min read
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Apple says support for redeeming rewards with more partners is coming to Apple Pay
<p>On Thursday, Apple celebrated 10 years with Apple Pay and announced how the service will evolve in the future, including features like redeeming rewards and expanding installment loan options. In addition to Apple Pay’s newly added support for loan options from Affirm in the U.S., and Monzo Flex in the U.K., the iPhone maker shared […]</p>
Rahul Patil
Oct 17, 20243 min read
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Apple says support for redeeming rewards with more partners is coming to Apple Pay
<p>On Thursday, Apple celebrated 10 years with Apple Pay and announced how the service will evolve in the future, including features like redeeming rewards and expanding installment loan options. In addition to Apple Pay’s newly added support for loan options from Affirm in the U.S., and Monzo Flex in the U.K., the iPhone maker shared […]</p>
Rahul Patil
Oct 17, 20243 min read
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India’s central bank orders Sachin Bansal’s Navi to halt loans
<p>India’s central bank ordered four non-bank lenders, including Navi Finserv and DMI Finance, to halt loans from October 21, citing excessive interest rates and regulatory breaches. The Reserve Bank of India said (PDF) the firms violated rules on pricing, income assessment, and asset classification. This action follows months of warnings about responsible lending practices, it […]</p>
Rahul Patil
Oct 17, 20241 min read
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Concourse is building AI to automate financial tasks
<p>In a typical organization, finance is one of the most important functions. Yet teams are often bogged down by manual workflows. According to a survey by Paylocity, an HR software provider, 38% of finance teams spend more than a fourth of their time on manual jobs, like reviewing invoices. Matthieu Hafemeister, an ex-fintech investor at […]</p>
Rahul Patil
Oct 15, 20244 min read
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Concourse is building AI to automate financial tasks
<p>In a typical organization, finance is one of the most important functions. Yet teams are often bogged down by manual workflows. According to a survey by Paylocity, an HR software provider, 38% of finance teams spend more than a fourth of their time on manual jobs, like reviewing invoices. Matthieu Hafemeister, an ex-fintech investor at […]</p>
Rahul Patil
Oct 15, 20244 min read
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European cyber insurance startup Stoïk secures $27M
<p>Cyber risk has become an increasingly important issue for small companies around the world. While many companies try to avoid and mitigate cyber risks, they rarely discuss transferring those risks to a third party. That’s why Stoïk is stepping in with a cybersecurity insurance product specifically designed for small- and medium-sized businesses. The French startup […]</p>
Rahul Patil
Oct 15, 20243 min read
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European cyber insurance startup Stoïk secures $27M
<p>Cyber risk has become an increasingly important issue for small companies around the world. While many companies try to avoid and mitigate cyber risks, they rarely discuss transferring those risks to a third party. That’s why Stoïk is stepping in with a cybersecurity insurance product specifically designed for small- and medium-sized businesses. The French startup […]</p>
Rahul Patil
Oct 15, 20243 min read
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Rerail is a new fintech-focused angel fund from Cocoa’s Anthony Danon
<p>If you’re starting a fintech company, there’s a new, small, early-stage fund looking for investment opportunities. Founded by Anthony Danon (pictured above), Rerail could be called a micro-fund, a solo GP fund, or an angel fund. Danon has been an investor for the past 10 years. He started his career with Anthemis Group in London […]</p>
Rahul Patil
Oct 14, 20243 min read
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Rerail is a new fintech-focused angel fund from Cocoa’s Anthony Danon
<p>If you’re starting a fintech company, there’s a new, small, early-stage fund looking for investment opportunities. Founded by Anthony Danon (pictured above), Rerail could be called a micro-fund, a solo GP fund, or an angel fund. Danon has been an investor for the past 10 years. He started his career with Anthemis Group in London […]</p>
Rahul Patil
Oct 14, 20243 min read
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UK neobank Monzo hits $5.9B valuation with secondary market sale
<p>Monzo is now valued at $5.9 billion after the U.K.-based challenger bank confirmed a secondary market share sale to provide liquidity for its employees. The transaction, first rumored yesterday, saw existing investors such as Singapore’s sovereign wealth fund (GIC) and StepStone Group procuring additional shares in the London-based fintech. A secondary market sale essentially rewards […]</p>
Rahul Patil
Oct 11, 20242 min read
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Health insurtech startup Qantev raises €30 million to outperform LLMs with small AI models
<p>Health and life insurance providers face a rising volume of claims due to chronic disease and aging populations, but their processes lack scalability. AI automation can help, but it takes more tailoring than for other insurance types. Automating property and casualty insurance, for instance, gave rise to public company Guidewire decades ago, but health insurance […]</p>
Rahul Patil
Oct 10, 20243 min read
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