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So much fintech M&A

TechCrunch

Every week, I’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 my job to stay on top of it — and make sense of it — so you can stay in the know. — Mary Ann. The deal was just one of many M&A deals in the fintech space that occurred last week.

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Denim, a fintech platform for freight brokers, raises $126M in equity and debt

TechCrunch

Vo was in the credit risk department at Barclays and a full-stack developer at Fintria, a fintech company, while Krishnamoorthy was an associate at several law firms including Gibson, Dunn & Crutcher. ” Denim competes with other fintech firms in the space, including TriumphPay, HaulPay and OTR Capital.

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A nine-figure raise in fintech? Oh my

TechCrunch

Every week, I’ll take a look at the hottest fintech news of the previous week. Clear Street , which says it is building “modern infrastructure” for capital markets, raised $270 million at a $2 billion valuation in the second tranche of a Series B raise. billion when it raised the first tranche of the round in May of 2022).

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Nigerian fintech of the unbanked Bankly raises $2M led by Vault and Flutterwave

TechCrunch

Today, Bankly , a Nigerian fintech startup digitizing cash for the unbanked, announced that it has closed a $2 million seed round. Founded by Tomilola Adejana and Fredrick Adams in 2018, Bankly is digitizing the informal thrift collections system known with different names such as esusu or ajo in Nigeria.

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Ghanaian fintech Dash raises $32.8M seed to build connected wallets for Africans

TechCrunch

They are responsible for communication between banks and fintechs to settle transactions for consumers and businesses swiftly. But here’s the challenge: While both systems tend to work well when users make transactions within their unique environment, there’s no interoperability for transactions between them. Africa has it different.

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Fintech giants face uphill battle

TechCrunch

Every week, I’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 my job to stay on top of it — and make sense of it — so you can stay in the know. — Mary Ann. billion last year — would join the long list of fintech giants letting go of workers. Weekly News.

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Resistant AI scores $16.6M for its anti-fraud fintech tools

TechCrunch

Resistant AI , which uses artificial intelligence to help financial services companies combat fraud and financial crime — selling tools to protect credit risk scoring models, payment systems, customer onboarding and more — has closed $16.6 million in Series A funding.