Fintech

Indy secures $44 million to streamline tax and paperwork processes for freelancers

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French startup Indy recently concluded a new funding round, raising $44 million (€40 million) with BlackFin Capital Partners leading the round. Indy initially started as an automated accounting platform for freelancers and self-employed individuals. The company has since expanded its product offering to become an all-in-one platform for freelancers, encompassing accounting, company creation, tax preparation, … Read more

Strategizing Your Fintech Exit in a Turbulent Market — Top 3 Questions to Tackle

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The growing demand for fintech services continues to be influenced by the digitization process. Reports predict that the sector will reach $1.5 trillion by the end of the decade, indicating a highly optimistic outlook. However, as more players seek to establish themselves, the competitive landscape becomes fiercer. Additionally, available funding in 2023 was notably lower … Read more

Exploring the AI Ambitions of Brex and Ramp

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Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. If you want to receive The Interchange directly in your inbox every Sunday, head here to sign up! This week, we dig into spend management companies’ AI aspirations, and one U.K. fintech’s recent growth. AI Aspirations At one … Read more

Impact of Indian central bank’s tightened consumer loans on startups

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India’s central bank has implemented measures to reduce the rapid growth in consumer credit, which will have an impact on consumer spending and several startups in the South Asian market, according to industry executives. The Reserve Bank of India increased risk weights on unsecured personal loans, credit card, and consumer durable loans provided by banks … Read more

Wind.app: Revolutionizing DeFi for the Everyday User

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Hussain Elius, known for co-founding Pathao, a leading ride-sharing app in Bangladesh, has ventured into the realm of DeFi with Wind.app. Wind.app is a self-custodial, smart contract wallet that boasts three main features. Firstly, it facilitates businesses in sending payments to remote employees globally. Secondly, it serves as a virtual bank account for individuals. Lastly, … Read more

Klarna and Affirm Report Successful Quarter

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Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. If you want to receive The Interchange directly in your inbox every Sunday, head here to sign up! Due to the U.S. holiday, this is an abbreviated edition. Buy now, pay later comeback Both Klarna and Affirm, known … Read more

Candex secures $45 million investment to expand its procurement management business

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Candex, a startup aiming to simplify procurement, particularly vendor management and payment processes for businesses, has announced a successful $45 million Series B investment round. The round was led by Goldman Sachs with participation from WiL (World Innovation Lab), Altos, NFX, Craft, JP Morgan, American Express, and Edenred. This brings Candex’s total funding to $85 … Read more

Webull Expands into Mexico by Acquiring Stock Trading App Flink

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The popular stock trading app Webull has acquired the Mexican investment platform Flink, marking its entry into the Mexican market. Financial terms of the deal were not disclosed. Despite its Chinese roots, Webull is based in the United States and competes with Robinhood as a low-commission online trading platform that also offers cash management. It … Read more