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Indian social network Public App raises $41 million

TechCrunch

Public App, a location-based social network that connects individuals to people in their vicinity, has raised $41 million in a new round, just six months after securing $35 million as the hyper-local Indian startup looks to expand its presence in the world’s second-largest internet market.

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Nigerian digital bank Carbon hit $240M in payments processed last year, up 89% from 2019

TechCrunch

According to the company, factors that influenced these numbers last year included launching an iOS app that drove customer acquisition, introducing its USSD banking feature for lower-income customers; and a social chat feature to enable faster transactions. . Image Credits: Carbon.

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Regulators appear to be growing increasingly wary of banks and fintech startups getting too cozy

TechCrunch

At the end of last week, venture-backed robo-adviser Wealthfront snuck in an announcement that the deal in which it was to be acquired by Swiss banking giant UBS for $1.4 Of course, this is not the first time that we’ve seen a deal for a large bank to acquire a fintech company fall apart over regulatory concerns. bank regulator.

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Social stock trading services Public raises $65M Series C

TechCrunch

Less than a year after it raised a $15 million Series B, Public , a social-focused free stock trading service, has raised a $65 million Series C. The founding duo told TechCrunch that they had plenty of cash in the bank from their preceding round, but saw the raise as a way to double-down on their model.

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Intuitive Financial Operation Monitoring with Power BI Banking Dashboard

Sunflower Lab

Types of Power BI Banking Dashboards Customer Analytics Power BI Dashboard The Customer Analytics Dashboard enables banks to gain deeper and actionable insights into their customers. Spending Habits: Through transaction data analysis, the bank gains meaningful insights into customer spending patterns (e.g.,

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Teen-focused fintech app Copper raises $29M, grows to over 800,000 users in less than a year

TechCrunch

Copper , a digital banking service aimed at teens, has raised $29 million in Series A funding in a “preemptive” round led by Fiat Ventures. Copper Banking adds $9M in funding as digital banks clamor for teen customers. The company plans to launch the new product, Step Investing, sometime early this summer.

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Vietnam-based Anfin makes stock investing accessible

TechCrunch

The funding will be used on Anfin’s product development, especially its social investment features, including one that lets users host and join live audio rooms. Anfin’s social investment product allows users to communicate with one another. The app’s proprietary stock trading platform includes stock profiling and risk assessment.

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