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FloBiz raises $31 million to scale its neobank for small businesses in India

TechCrunch

FloBiz, an Indian startup that is building a neobank for small- and medium-sized businesses in the South Asian market, said on Monday it has raised $31 million in a new financing round as it works to broaden its product offerings. India, the world’s second-largest internet market, is home to millions of small- and medium-sized businesses.

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UK’s MarketFinance scores $383M to fuel its online loans platform for SMBs

TechCrunch

Barclays is a strategic investor: MarketFinance powers the bank’s online SMB loans service. ” He said the money will be “going into our reserves” and used for new product development, marketing and to continue building out its API connectivity. Italian bank Intesa Sanpaolo S.p.A.

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QED Investors hires Gbenga Ajayi as partner to focus on investments in Africa

TechCrunch

“So, as we saw investable opportunities starting to come to us and as we started to be avalanched by inbound from Africa, it became really clear that there was enormous amounts of demand in those markets like what we had seen across other geographies, particularly in other developing countries.”.

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Layoffs spell opportunity for some fintech startups

TechCrunch

Kikoff is hiring for 10 roles (a mix of hybrid and remote), including senior product manager, associate product manager, senior product designers, engineers and a growth marketing manager. On February 7, Austin-based SMB-focused Sana Benefits announced that it was cutting about 19% of its staff. Check it out here.

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Even well-funded fintech companies are laying off workers

TechCrunch

We’re going on Day 5 with no power, heat or internet. In her expanded role, she will oversee all operational and go-to-market teams, including finance and marketing. Tillful , a free business credit app built by VC-backed startup Flowcast, CEO and founder Ken So reiterated the company’s commitment to SMBs in this blog post.

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Cybersecurity Snapshot: Log4j Anniversary, CI/CD Risks, Infostealers, Email Attacks, OT Security

Tenable

It’s a hot topic for DevSecOps teams tasked with developing and delivering application updates quickly yet securely, so that the code they release has fewer vulnerabilities, misconfigurations and other flaws. For example, the number of logs available in the highly popular Russian Market grew by almost 40% to 4.5

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Busting 5 Common Myths About Vulnerability Assessment

Tenable

Recent research has borne out that the odds of a small or medium-sized business (SMB) undergoing a cyberattack or data breach are more than 50-50: About 66% of SMBs experienced at least one cyberattack in 2019. Just under 50% of SMBs were specifically hit with a ransomware attack. This is one of many reasons why Christopher C.

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