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How fintech and serial founders drove African pre-seed investing to new heights in 2020

TechCrunch

Nigerian fintech startup, Kuda, which bagged $10 million last year, comes to mind, for example. Just a month into 2021, Egyptian fintech startup Cassbana raised a $1 million pre-seed investment led by VC firm Disruptech in a bid to drive expansion within the country. Startups building financial infrastructure got noticed.

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Alloy, Synctera and Unit discuss the future of embedded finance at TC Disrupt

TechCrunch

Banking-as-a-service (BaaS), embedded finance and open banking are among the hottest topics in fintech today. In a session called “Making Money Move with Embedded Finance,” our panel will talk about how a new breed of finance infrastructure companies have the potential to turn any company into a fintech company. The promise?

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Zeal banks $13M to offer employers a ‘build your own’ payroll product infrastructure

TechCrunch

Embedded fintech company Zeal secured $13 million in Series A funding to continue developing its platform for building individualized payroll products. The Bay Area company’s origin was as Puzzl, a payment processing startup for the gig economy, founded in 2018 by Shenoy and CTO Pranab Krishnan. You can lose trust in your employer.

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Pledge raises $4.5M seed round to build a carbon-measurement and removal API

TechCrunch

Plus, smaller companies want to access high-quality carbon credits, but calculate their impact at a product, services and transactional level, and be able to purchase a fraction of a carbon credit rather than a very inaccurate “scheme.”. There is very little transparency around carbon offsets. It’s now raised a $4.5

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Savana raises a fresh round of capital to digitize banks’ services

TechCrunch

. “Despite appearances that banks have all made the transformation to digital, the majority of banks are not ready for this major change in consumer behavior … This is a major problem for banks trying to stay competitive in an environment with tons of fintech pressure.” billion in H1 2022, down 24% from $69.6

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Doola raises $3M to help global founders launch an LLC in the US

TechCrunch

payments, a free tax consultation, U.S. We’re not just a formation service, we’re a full-service fintech company,” he told TechCrunch. Besides Mahadevan and co-founder and CTO JP Pincheira , doola has 14 employees. Specifically, doola provides company formation, an EIN (employee identification number), a U.S.

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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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