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Productfy raises $16M to build the ‘Shopify of embedded finance’

TechCrunch

a banking-as-a-service (BaaS) platform that aims to build “DeFi for traditional finance,” has raised $16 million in a Series A round of funding led by CM Ventures. From a product architecture standpoint, Productfy has been built “from the ground up,” he said, to operate with multiple banking partners. Productfy Inc. ,

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Daily Crunch: Kurtosis raises $20M Series A to give web3 developers ‘a place to play around’

TechCrunch

Tooling around : Two years ago, two former Palantir engineers started Kurtosis, a crypto-focused developer tool system, and have now raised $20 million in fresh funding to hire a team to get a new product out in the next year, Jacquelyn reports. Diving into due diligence. See you tomorrow! The TechCrunch Top 3.

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D’Amelio family launches VC fund 444 Capital to invest up to $25M in high-growth startups

TechCrunch

The family is teaming up with Doug Renert of Tandem Capital and producer Jeff Beacher of Beacher Media Group on the fund, which aims to back high-growth companies with strong end-user brands, including those in the direct-to-consumer space, fintech, edtech, healthcare, insurtech and other B2B2C platforms. Image Credits: Step.

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Muslims come into the frame in Southeast Asia’s fintech boom

TechCrunch

Southeast Asia is already home to a thriving fintech scene, where Grab , GoTo and Sea have built super apps that encompass financial services, and startups like Xendit , Akulaku and Dana (to name a few) have raised hundreds of millions of dollars for payments, banking services and other financial tools. Meanwhile in Malaysia, where 61.3%

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How to find a job as a scout for a VC firm

TechCrunch

We already have a senior team of venture partners who help us in origination and diligence. We found these by looking through firms’ websites, social media, blog posts, etc. Our focus here is venture capital, but the private equity industry employs origination-focused team members also. We list all of them below.

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Sustainability data platform Worldfavor fuels up for ecosystem opportunities

TechCrunch

More funding for sustainability reporting: Sweden’s Worldfavor , an early mover platform focused on building digital infrastructure to support supply chain transparency and cater to organizations’ ESG (environmental, social, governance) reporting needs, has bagged €10.2 million in Series A funding to step on the growth gas.

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The return of the lean, green startup

TechCrunch

D’Onofrio is seeing rounds taking longer, VCs asking more questions and the return of full due diligence (which, for anyone who has been reading this newsletter, is music to my paranoid ears). I expect to see founders with cash in the bank take on a leaner mindset, maybe spending more conservatively or thinking about runway again.