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Spend management space sees a large raise, and layoffs, in the same week

TechCrunch

Every week, we’ll take a look at the hottest fintech news of the previous week. There’s a lot of fintech news out there and it’s our job to stay on top of it — and make sense of it — so you can stay in the know. On Friday, PitchBook’s Q1 2023 B2B fintech investment report showed that investment into enterprise fintech was $11.8

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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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Piramal CTO Saurabh Mittal on financial services innovation

CIO

An underwriting infrastructure will allow us to leverage information, available across these wide sets of customers, by feeding it into certain projection models that will enable us to take credit decisions at scale. To develop these products, we will heavily use data, artificial intelligence, and machine learning.