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Kuda and CEO face allegations of sex discrimination and unfair dismissal from former executive, per filing
<p>An employment tribunal case has placed Kuda Technologies, one of Africa’s fastest-growing digital banks, under scrutiny over allegations of workplace discrimination, harassment, and wrongful dismissal. Rosemary Hewat, Kuda’s former group chief people officer (CPO), filed a complaint accusing the company and its CEO, Babatunde Ogundeyi, of sex discrimination, victimization, and unfair dismissal. According to the […]</p>
Rahul Patil
Feb 196 min read


Fintech fundraising is giving me 2021 flashbacks
<p>Welcome to TechCrunch Fintech! This week we’re looking at some big valuation jumps, how Stripe is eyeing another shareholder sale, a colorful conversation with an early-stage VC, and more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Tuesday at 8:00 a.m. PT, subscribe here. The big […]</p>
Rahul Patil
Feb 183 min read
VC Sheel Mohnot talks about Twitter fame, fintech, and the truth about AI startups
<p>If you follow fintech on X, it’s very likely that you have come across the account of Sheel Mohnot, co-founder and general partner of Better Tomorrow Ventures. With over 150,000 followers, Mohnot has built an impressive presence on the social media site. Interestingly, many of his posts have nothing to do with venture capital. Mohnot […]</p>
Rahul Patil
Feb 127 min read
Tabby doubles valuation to $3.3B in $160M funding as it looks beyond BNPL and plans IPO
<p>Consumer demand for credit options varies across regions, and for fintechs, understanding these differences is key to survival. In developed markets, where credit cards are common, consumers often view buy now, pay later (BNPL) offerings positively because of their flexible installment options. But in emerging markets like the Middle East, where credit card penetration is […]</p>
Rahul Patil
Feb 124 min read


Klarna and Deel eye IPOs, and Stripe embraces crypto
<p>Welcome to TechCrunch Fintech! This week we’re looking at how fintech heavyweights such as Klarna and Stripe are incorporating crypto into their strategies, which companies are planning for IPOs, one fintech’s Super Bowl ad, Stripe’s new lead of startups and venture capital, and more! To get a roundup of TechCrunch’s biggest and most important fintech […]</p>
Rahul Patil
Feb 113 min read
Stripe mulls employee shareholder sale at $85B-plus valuation
<p>Stripe is in talks for another shareholder sale that could value the company at “at least” $85 billion, according to multiple reports and a source familiar with the matter. The Information first reported the news that the payments infrastructure giant is working to sell employee-owned stocks. The move would help workers gain some liquidity as […]</p>
Rahul Patil
Feb 111 min read
Comulate raises $20M to help insurers work more smoothly
<p>Unimaginable disasters like the fires in Los Angeles cause hundreds of billions of dollars in destruction, and put a huge focus on the role the insurance industry plays in the process of rebuilding. Those events also lead to major financial losses at the insurance companies themselves, and longer term, all of this will put a […]</p>
Rahul Patil
Feb 113 min read


Ghanaian fintech Affinity bags $8M to scale digital banking in a mobile money-driven market
<p>Africa’s top digital banking platforms typically come from high-growth, populous markets like Nigeria, South Africa, and Egypt. But Affinity Africa, an upstart from Ghana, wants to join the conversation. The startup has raised $8 million in seed funding to expand its financial products further across the country, where mobile money is the dominant financial tool. […]</p>
Rahul Patil
Feb 114 min read
QED leads $11M investment in Nigerian fintech Raenest
<p>As Africa’s tech ecosystem booms, more people from the region are landing remote jobs with Big Tech firms and global startups. But getting paid remains a challenge for many of these freelancers and remote workers — they struggle to open accounts that accept U.S. dollars and face slow invoicing and payment processes, and it doesn’t […]</p>
Rahul Patil
Feb 114 min read
Zeta valued at $2B in new funding
<p>Zeta, a provider of banking software to banks and fintech startups, has raised $50 million from a strategic investor at a $2 billion valuation. The new investment from American healthcare company Optum marks a 70% increase in the Bengaluru-based startup’s valuation from the $1.15 billion price tag (pre-money) it earned in 2021, when it raised […]</p>
Rahul Patil
Feb 102 min read
Plaid working with Goldman Sachs on raising $300M to $400M in tender offer
<p>Plaid, a company that connects bank accounts to financial applications, is working with Goldman Sachs on a deal to allow early-stage investors and employees to sell existing shares, which will raise between $300 million and $400 million, Bloomberg reported, citing sources. The tender offer, as such deals are called, will likely value the company lower […]</p>
Rahul Patil
Feb 101 min read
Fintech Rapyd seeks funding at $3.5B valuation, a steep drop from $9B
<p>Rapyd Financial Network is reportedly looking to raise $300 million in a new funding at a steep valuation cut from its 2021 high.</p>
Rahul Patil
Feb 72 min read
Fintech Ramp lands Eagles’ Saquon Barkley as investor and Super Bowl commercial star
<p>Philadelphia Eagles’ star running back Saquon Barkley has not only become an investor in fintech startup Ramp, he is also the star of the company’s first Super Bowl commercial. Interestingly, it was Barkley who reached out to Ramp about investing, not the other way around as is so often the case with celebrity endorsements. Barkley […]</p>
Rahul Patil
Feb 62 min read
Superlogic raises $13.7M at a $200M valuation to help consumers use reward points toward cool ‘experiences’
<p>Superlogic, a startup that helps give consumers a way to apply rewards points toward experiences, has raised $13.7 million at a $200 million valuation, the company tells TechCrunch exclusively. Lin Dai, CEO and co-founder of Miami-based Superlogic, said his company’s technology is designed to “enhance the value of rewards points” by giving consumers a broader […]</p>
Rahul Patil
Feb 63 min read
Stripe makes $1.1B crypto bet as it closes on Bridge acquisition
<p>Stripe has closed on its $1.1 billion purchase of stablecoin platform Bridge — marking the payment giant’s largest acquisition to date and tangible push into crypto. Co-founded in 2022 by Coinbase and Square alumni Zach Abrams and Sean Yu, San Antonio, Texas-based Bridge built an API that helps companies accept stablecoins. The pair raised $58 […]</p>
Rahul Patil
Feb 51 min read


An angel investor was so intrigued by this startup, he joined as a co-founder
<p>Welcome to TechCrunch Fintech! This week we’re looking at a startup that’s out to help people navigate long-term care using AI, a flurry of activity in Africa, another fintech company shutdown, and more. To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Tuesday at 8:00 a.m. PT, […]</p>
Rahul Patil
Feb 44 min read
Egypt’s Khazna banks $16M for its financial super app and expansion into Saudi Arabia
<p>A large portion of Egypt’s population lacks access to traditional banking, forcing many to rely on cash transactions and informal lending. Khazna, a fintech startup founded in 2019, is tackling this issue by offering financial services tailored toward low- and middle-income workers. The company provides solutions like salary advances, digital payments, and microloans to help […]</p>
Rahul Patil
Feb 44 min read
Stripe brings aboard new lead for ‘startup and VC partnerships’
<p>Asya Bradley, a former fintech founder and investor, has joined payments giant Stripe as its new Startup & Venture Capital Partnerships lead. Bradley announced the news on February 2 in a post on LinkedIn, though her bio shows that she joined Stripe back in November. Neither Stripe nor Bradley were immediately available for comment. Ending […]</p>
Rahul Patil
Feb 32 min read


Dub: The copy trading app that has teens talking
<p>Social media changed everything, from news consumption to shopping. Now, Dub thinks it can do the same for investing through an influencer-driven marketplace where users can follow the trades of top investors with a few taps. Think of it as TikTok meets Wall Street. Founded by 23-year-old Steven Wang — a Harvard dropout who began […]</p>
Rahul Patil
Feb 25 min read
CFPB fines fintech Wise, alleging it charged deceptive fees
<p>The Consumer Financial Protection Bureau (CFPB) has hit U.K.-based remittance company Wise with about a $2 million fine for what it described as “a series of illegal actions.” Those actions include advertising inaccurate fees and failing to properly disclose exchange rates and other costs, the CFPB alleges. Specifically, the agency claims that the fintech company […]</p>
Rahul Patil
Jan 313 min read
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