Welcome to TechCrunch Fintech! This week, we’re looking at layoffs at BaaS startup Unit and car insurance company Loop, as well as Brex’s decision to abandon its co-CEO […]
Fintech Brex abandons co-CEO model, talks IPO, cash burn and plans for a secondary sale
Since fintech startup Brex’s inception in 2017, its two co-founders Henrique Dubugras and Pedro Franceschi have run the company as co-CEOs. But starting today, the pair told TechCrunch […]
VC Sheel Mohnot leads $4.3M seed in automated financial reporting fintech InScope
The financial reporting and auditing process is not often on the list of sexy topics that technology startups want to go after. And yet, when errors are made […]
Friends & Family Capital, a fund founded by ex-Palantir CFO and son of IVP’s founder, unveils third $118M fund
Small VC firms require deep trust, mutual support, and long-term commitment among the partners —a kinship that, in many ways, resembles a family dynamic. Colin Anderson (Palantir’s ex-CFO […]
Unicorn-rich VC Wesley Chan owes his success to a Craigslist job washing lab beakers
Wesley Chan is often seen in his signature buffalo hat; however, he may be even more well-known for his ability to spot unicorns. Over the course of his […]
Renda, which provides order fulfillment for businesses in Africa, takes in $1.9M
The logistics industry in Nigeria, like any informal sector, struggles with poor infrastructure and other inefficiencies, making it difficult for businesses — both large and small — to […]
Fintech funding slows to the lowest level since 2017
When it comes to funding, the fintech sector didn’t have a very good start to the year. Fintech funding slid by 16% quarter-over-quarter during the three-month period, according […]
YC’s Winter 2024 Demo Day confirms that we are indeed in an AI bubble
Springtime means rain, the return of flowers and, of course, Y Combinator’s first demo day of the year. During the well-known accelerator’s first of two pitch days from […]
VCs double down on fintech Coast, which aims to be the Brex for ‘real-world’ industries
The expense management arena is a crowded one, with well-funded players such as Brex, Ramp and Navan all clamoring for market share. Those companies are generally focused on […]