Startups

Startups
New FinTech Parafin Targets SMBs in Need of Cash Advances
September 29, 2021

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...

Startups
London’s FinTech Scene Leverages Opportunity, Talent and Diversity to Stay on Top
September 10, 2021

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...

Startups
Arab Bank To Back Egyptian FinTech, AI And Cybersecurity Startups
August 22, 2021

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....

Startups
WorldRemit Raising Funds Ahead of Possible IPO At $5B Valuation
August 20, 2021

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...

Startups
Email Startup Mailchimp Eyes Sale
August 11, 2021

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...

Startups
Vehicle Financing Startup Carputty Notches $7.2M
August 06, 2021

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...

Startups
Jay-Z, Will Smith Back Landis In $165M Funding Deal
July 27, 2021

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...

Startups
UK Gardening Tech Startup Sproutl Nets $9M, Launches Online Marketplace
July 26, 2021

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...

Startups
UK Supporting Tech Startups With New Fund, Revamped Rules
July 16, 2021

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...