A trio of former Robinhood employees have founded a new FinTech geared to smaller businesses, The Wall Street Journal reported Wednesday (Sept. 29). The new San Francisco-based firm, Parafin, will be offering online cash advances, which can be repaid as a percentage of a business’s...
Back in the days when co-working meant making a cappuccino in Starbucks last an entire morning, London’s digital entrepreneurs were much more of a curiosity than a community. In the last decade, that has changed, and although its FinTech scene might be smaller than Silicon...
Arab Bank has launched an Egypt branch of its FinTech, artificial intelligence (AI) and cybersecurity accelerator, the bank announced in a press release posted by investment companies in the region. The bank launched the first of what it calls AB Accelerators in Jordan in 2018....
The London-based money transfer startup WorldRemit is preparing to raise cash at a valuation of roughly $5 billion ahead of a potential initial public offering (IPO). As Bloomberg News reported Friday (August 20), the company is in discussion with investors about the funding. Sources told...
Mailchimp, an email marketing startup, is looking into a sale that would possibly value the company at over $10 billion, Bloomberg reported. Mailchimp, which is based in Atlanta, is also looking into selling a minority stake, according to Bloomberg, which cited unnamed sources. Mailchimp has...
Car loan startup Carputty raised $7.2 million in a seed round led by a $3 million backing by Kickstart Fund, according to a press release on Friday (August 6). Additional investors included Kinetic Ventures, University Growth Fund, Aries Capital Partners and entrepreneur John Dancu. Carputty...
Funds by rapper Jay-Z and actor Will Smith kicked in a monetary boost to FinTech startup Landis with fresh capital that brings the company’s total fundraising for Landis to a total of $165 million, per a Tuesday (July 27) press release. Landis is on a...
U.K. gardening startup Sproutl has rolled out a new online marketplace, a press release from Monday (July 26) said, alongside a new seed funding round for $9 million. Sproutl is a tech startup with a goal of allowing everyone to access gardening and “get everyone...
U.K. Chancellor of the Exchequer Rishi Sunak is planning a summit for entrepreneurs in the technology sector next week and will introduce a 375 million pound fund for startups that are focused on research and development (R&D), the Financial Times reported on Friday (July 16). The Future Fund...