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Kenyan fintech Pezesha raises $11M backed by Women’s World Banking, Cardano parent IOG

TechCrunch

Pezesha solves this through our robust API driven credit scoring technology,” Moraa, also the CEO, told TechCrunch. The fintech works with partner companies such as Twiga and MarketForce, which integrate its credit scoring APIs in their platforms to enable their customers to get real-time loan offers. Image Credits: Pezesha.

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Sequoia and Andreessen Horowitz invested more in fintech than any other sector in 2022

TechCrunch

Every week, I’ll take a look at the hottest fintech news of the previous week. I’m not going to lie — upon learning this, my fintech-loving ears perked up. And fintech represented nearly a quarter of the firm’s deals. More than a quarter (28%) of a16z’s fintech investments in 2022 went to the payments category.

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Digital securities platform iSTOX closes $50 million Series A to make private equity accessible to more investors

TechCrunch

Founded in 2017 and owned by blockchain infrastructure firm ICHX, iSTOX’s goal is to open private capital opportunities, including startups, hedge funds and private debt, that are usually limited to a small group of high-net-worth individuals to more institutional and accredited investors. (It million in funding.

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TechCrunch+ roundup: SaaS burn multiples, 8 fintech VCs spill the tea, all my apes gone

TechCrunch

But say that you are burning $2 million in a quarter, and you are only adding $500,000 of net new ARR. 8 fintech VCs discuss the shifting investing landscape and how to pitch them in Q3 2022. What are fintech investors willing to bet on in this climate? Michael Gilroy, general partner and co-head of fintech, Coatue.

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Cameroonian crypto and savings platform Ejara raises $8M, led by Anthemis and Dragonfly

TechCrunch

Ejara , a Cameroonian fintech offering an investment app that allows users to buy crypto and save through decentralized wallets, has raised $8 million in Series A investment. . Anthemis is a follow-on investor in Ejara, having also led the fintech’s $2 million seed round announced last October. .

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London-based Fidel API lands $65M in Series B funding, proving fintech infrastructure is hotter than ever

TechCrunch

The raise is another example of how infrastructure companies in the fintech world continue to be resilient despite an apparent slowdown in global funding overall. In February, blockchain infrastructure startup Alchemy announced that it had closed on a $200 million Series C1 equity round that valued the company at $10.2

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Finix goes head-to-head with Stripe

TechCrunch

Welcome to The Interchange, a take on this week’s fintech news and trends. Rather than rehash all that here, I’ll point you to some of our recent articles on the topic and just summarize: The two fintech startups have recently grown (much) more competitive. It also reportedly posted net revenue of about $2.5 Weekly News.

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