CrowdPoint Technologies

01/12/2023

"Stripe, a richly-valued payments startup, has cut its internal valuation yet again, according to sources familiar with the manner. "

Stripe's internal valuation has been cut, yet again, just weeks after conducting layoffs.

01/11/2023

"Remote payroll startup https://techcrunch.com/tag/deel/ has acquired fintech Capbase for an undisclosed amount in a cash and stock deal, the companies have told TechCrunch exclusively. "

Deel says its goal with the buy is to help other companies grant equity "across geographies and at scale."

01/10/2023

"Investment giant Fidelity announced today that it has acquired Shoobx, a venture-backed fintech startup, for an undisclosed amount. "

Shoobx is a provider of automated equity management operations and financing software to private companies “at all growth stages."

01/10/2023

"13:24 The outflow of cash from Binance is worse than the CEO Changpeng Zhao indicated last month, and it’s become considerably more severe since then, a Forbes analysis shows."

The outflow of cash from Binance is worse than the CEO Changpeng Zhao indicated last month, and it’s become considerably more severe since then, a Forbes analysis shows.

01/10/2023

"You don’t need to be an economist to appreciate the myriad forces placing downward pressure on startups today. "

Every founder I’ve ever worked with was absolutely, completely convinced that they could build and scale a company.

01/08/2023

Does everyone want to be a landlord, or what?

In fintech news this week, Doorstead raises $21.5 million while GGV Capital's Hans Tung shares why he thinks down rounds are not so bad.

01/06/2023

Doorstead closes on $21.5M to make sure you always have a tenant for your rental property

Doorstead says it will guarantee a certain dollar amount in rent to landlords, or pay the difference out of pocket.

01/04/2023

"4:27 Coinbase, one of the nation's top cryptocurrency exchanges by trading volume, has agreed to pay $100 million as part of a settlement with New York regulators who allege the firm violated anti-money-laundering laws."

Coinbase, one of the nation's top cryptocurrency exchanges by trading volume, has agreed to pay $100 million as part of a settlement with New York regulators who allege the firm violated anti-money-laundering laws.

01/04/2023

Trade Republic, a popular stock trading app, adds 2% interest on cash

Trade Republic is adding interest on uninvested cash. Users who hold cash in their Trade Republic account will receive 2% in annual interest.

01/03/2023

"3:17 Sam Bankman-Fried pleaded not guilty Tuesday to charges related to the collapse of his crypto empire, according to reporters present at his arraignment hearing in a New York federal court Tuesday."

Sam Bankman-Fried pleaded not guilty Tuesday to charges related to the collapse of his crypto empire, according to reporters present at his arraignment hearing in a New York federal court Tuesday.

01/03/2023

"Welcome back to Found, where we get the stories behind the startups. "

Henrique talks about what it has been like working as a co-CEO and how the company endured changes and layoffs this year.

12/29/2022

"With over $9 billion in assets under management, GGV Capital is one of venture capital’s largest and most prominent players. "

Despite a turbulent year, GGV managing partner Hans Tung is optimistic that there are "many large fintechs yet to be built."

12/28/2022

"Pakistan’s markets regulator issued new guidelines for digital lending in the country, cracking down on several sketchy practices that it said have become prevalent in the South Asian market. "

Pakistan's new rules on how digital lending is handled in the country follows a rise in sketchy practices, markets regulator said.

12/27/2022

"Jakarta-based fintech https://www.akulaku.com/ has raised $200 million from Mitsubishi UFJ Financial Group (MUFG), the largest bank in Japan. "

Jakarta-based fintech Akulaku has raised $200 million from Mitsubishi UFJ Financial Group (MUFG), the largest bank in Japan. This is part of a strategic investment, with startup and MUFG planning to expand into new markets and product together in 2023. Earlier this year, Akulaku raised $100 million....

12/26/2022

"Indian fintech Money View said on Monday it has raised $75 million in a new funding round, its second this year, despite the market slump as it looks to scale its core credit business and build more products in the South Asian market. "

Indian fintech Money View has raised $75 million in a new funding round, its second this year, and is now valued at $900 million.

12/25/2022

Season's greetings from CrowdPoint.
This holiday season, everyone is part of the same family...

We’re all connected.
No matter who you are, where you live, or what you believe, we're all part of one family — the human family. It's our responsibility to treat each other with respect, dignity, and kindness.

From all of us at CrowdPoint, we wish you joy, laughter, and all the best this holiday season.

12/24/2022

Happy Holidays from all of us at CrowdPoint!

This year, we celebrate the people in our lives by expressing our heartfelt gratitude. We encourage everyone to focus on the good things in life and help bring out the best in others. From all of us here at CrowdPoint, we thank you for your continued support and wish you a magical holiday season!

12/22/2022

"2:37 FTX founder Sam Bankman-Fried is set to be released from federal custody after his attorneys struck a deal with prosecutors on a bail amount of $250 million, according to multiple reports."

FTX founder Sam Bankman-Fried is set to be released from federal custody after his attorneys struck a deal with prosecutors on a bail amount of $250 million, according to multiple reports.

12/22/2022

"https://techcrunch.com/wp-content/uploads/2022/12/Raj-Moonesinghe-r-Johann-Moonesinghe-l.jpegRajan “Raj” Moonesinghe (right) and his brother Johann Moonesinghe (left) pictured with their cousin (center) Credit: Johann Moonesinghe The 33-year-old had returned from a two-week trip to discover that things looked out of place in his home, according to his brother, Johann. [...] "

inKind co-founder Raj Moonesinghe was killed outside his home in what his family describes as an accident that could have been avoided.

12/21/2022

"3:35 A Bahamas judge on Wednesday approved the extradition of former billionaire Sam Bankman-Fried, the founder of befallen crypto exchange FTX, from a Nassau jail to the United States, where the former crypto wunderkind faces a slew of criminal charges."

A Bahamas judge on Wednesday approved the extradition of former billionaire Sam Bankman-Fried, the founder of befallen crypto exchange FTX, from a Nassau jail to the United States, where the former crypto wunderkind faces a slew of criminal charges.

12/20/2022

"(South Korea’s currency has depreciated against the dollar this year). "

Viva Republica, an operator of South Korean finance super app Toss, has closed a $405 million Series G funding at a $7.1 billion valuation.

12/19/2022

"3:42 Sam Bankman-Fried, the former billionaire crypto wunderkind now jailed in the Bahamas and facing a litany of criminal charges for alleged fraud, did not agree to extradition back to the U.S. as expected in a Monday court hearing."

Sam Bankman-Fried, the former billionaire crypto wunderkind now jailed in the Bahamas and facing a litany of criminal charges for alleged fraud, did not agree to extradition back to the U.S. as expected in a Monday court hearing.

12/18/2022

"Here are the stories that garnered the most interest from readers elcome to https://techcrunch.com/tag/the-interchange/! "

It was an eventful, and at times nerve-wracking, year. Here are the stories that garnered the most interest from readers.

12/16/2022

"Today, banks and fintech startups tend not to provide products dedicated to families, specifically, and this has appeared as something of a gap in the market. "

Bling, a startup founded by a 20-year-old, that offers a finance platform aimed specifically at families, which is designed so that parents can do financial planning for their children, from pocket money to first investments has raised a €3.5M Seed round of financing from Peak and others.

12/15/2022

"4:09 Former President Donald Trump unveiled Thursday a “limited edition collection” of NFT trading cards featuring cartoon-like images of himself depicted as a superhero, Hollywood actor and more."

Former President Donald Trump unveiled Thursday a “limited edition collection” of NFT trading cards featuring cartoon-like images of himself depicted as a superhero, Hollywood actor and more.

12/15/2022

"Dakotah Rice spent years working in the investment banking industry at firms such as Goldman Sachs, Carlyle and Coatue. "

Harlem Capital, Carlyle's David Rubenstein and Coatue's Thomas Laffont are among the investors in Poolit's $5.3M seed round of funding.

12/14/2022

"5:32 Sam Bankman-Fried has been remanded in Bahamian custody until February, a day after he was arrested at a luxury apartment in the Bahamas."

Sam Bankman-Fried has been remanded in Bahamian custody until February, a day after he was arrested at a luxury apartment in the Bahamas.

12/14/2022

"The hedge fund said – according to Reuters – that “all (dLocal) needed to do to address this issue was provide an explanation as to how the cash flows reconcile.” "

Fintech startup Nilus says its technology can automate reconciliation, reporting and payment workflows for finance teams.

12/13/2022

"And it’s a huge drop compared to the https://techcrunch.com/2022/01/12/checkout-com-raises-1b-round-at-40b-valuation/ that the company reached a little less than a year ago. "

Fintech startup Checkout.com was in the news this morning because the Financial Times reported that the payment company had slashed its internal valuation to $11 billion. And it’s a huge drop compared to the $40 billion valuation that the company reached a little less than a year ago. But that doe...

12/13/2022

"9:27 Before he was arrested Monday in the Bahamas, disgraced FTX founder and former CEO Sam Bankman-Fried was planning to testify before Congress on Tuesday about the dramatic collapse of his cryptocurrency exchange."

Before he was arrested Monday in the Bahamas, disgraced FTX founder and former CEO Sam Bankman-Fried was planning to testify before Congress on Tuesday about the dramatic collapse of his cryptocurrency exchange.

12/12/2022

"| Dec 12, 2022, 01:46PM EST"

12/11/2022

"Welcome to https://techcrunch.com/tag/the-interchange/! "

Were the CEOs of fintech startups being optimistic, or short-sighted, when over-hiring? It seems there is a fine line

12/09/2022

"Artificial intelligence is taking over almost every industry. "

Akros Technologies, an AI-powered asset management platform, raises funding from Z Venture Capital, the CVC of Z Holdings.

12/08/2022

"When https://twitter.com/ankurnagpal sold Teachable for a https://techcrunch.com/2020/03/16/edtech-notches-a-win-as-teachable-is-acquired-by-hotmart/, he felt lucky. "

Teachable founder Ankur Nagpal is back to build his next startup: Ocho, a modern take on the solo 401(k) account.

12/07/2022

"Fintech https://techcrunch.com/2021/04/07/plaid-raises-425m-series-d-from-altimeter-as-it-charts-a-post-visa-future/ Plaid is laying off 260 employees, or about 20% of its workforce, the company announced today. "

Plaid cited customers' 'slower-than-expected growth' as a factor behind its decision to lay off 260 employees.

12/07/2022

"African fintech Chipper Cash saw its valuation slashed from $2 billion to $1.25 billion before FTX’s bankruptcy, according to https://www.ft.com/content/aaa4a42c-efcc-4c60-9dc6-ba6cccb599e6 shared by the Financial Times on Alameda’s venture capital portfolio. "

African fintech Chipper Cash saw its valuation slashed from $2 billion to $1.25 billion before FTX's bankruptcy.

12/06/2022

"Fintech was hot in 2021, but looking back on it … The https://techcrunch.com/2022/10/09/last-year-was-the-party-this-year-is-the-hangover/ last year, seeing record investment — $132 billion globally, according to CB Insights — with many startups reaching lofty valuations, including Stripe at $95 billion, Klarna at $45 billion and Plaid at $13 billion. [...] "

While most fintech unicorns are still garnering impressive valuations, the sector's hype from last year has started to fade.

12/06/2022

"Retail trading app https://techcrunch.com/tag/robinhood/ is entering the retirement game. "

Layering retirement accounts into the mix will only increase the amount of orders flowing through Robinhood's platform.

12/06/2022

"The Indian arm of SBM Bank, one of the banks that has aggressively worked with fintech startups in the South Asian market, is engaging with investors to raise capital and pitching the vision of becoming one of the top banking-as-a-service providers in the country, according to a source familiar with the matter. "

SBM Bank India is engaging with investors to raise capital and pitching the vision of becoming one of the top banking-as-a-service providers.

12/04/2022

"Welcome to https://techcrunch.com/tag/the-interchange/! "

Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of […]