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 […]
Félix Pago raises $15.5 million to help Latino workers send money home via WhatsApp
Remittances from workers in the U.S. to their families and friends in Latin America amounted to $155 billion in 2023. With such a huge opportunity, banks, money transfer […]
Meta, Match Group, and more announce new anti-scam coalition
Some of the biggest tech firms, including Meta, have signed onto a new anti-scam coalition that will share information and techniques to stop online scams.
Israeli startup Panax raises a $10M Series A for its AI-driven cash flow management platform
High interest rates and financial pressures make it more important than ever for finance teams to have a better handle on their cash flow, and several startups are […]
‘Send now, pay later’ startup Pomelo lands $35M Series A from secretive Vy Capital, Founders Fund
Pomelo, a startup that combines international money transfer with credit, has raised $35 million in a Series A round led by Dubai venture firm Vy Capital, TechCrunch has […]
Inside LemFi’s play to be fintech to the Global South diaspora
The African tech ecosystem, buffeted by huge potential but also lots of economic, political and social instabilities, is no stranger to major drama befalling even its most promising-looking […]
Binance to halt naira services amid ongoing regulatory probe in Nigeria
Binance will discontinue its naira (NGN) services in response to heightened regulatory scrutiny in Nigeria, it said in a blog post today. The cryptocurrency exchange will begin delisting […]
Crypto users in Nigeria briefly lose access to Binance, Kraken and Coinbase
Some cryptocurrency exchanges in Nigeria faced accessibility issues for users, prompting speculation of imposed restrictions on crypto sites, the Financial Times reported. On Wednesday, local media reported that […]
Jumia reduces losses by over 90% amid focus on restoring order and GMV growth
In 2023, Jumia revised its adjusted EBITDA loss guidance thrice: $100-120 million in Q1, $90-100 million in Q2, and $80-90 million in Q3, aiming for a 57-61% year-over-year […]
After 12 years, Ripple’s president sees its payment and enterprise businesses evolving further
Although Ripple has been around since 2012, it and the XRP Ledger are doubling down on its global payments journey. At the same time, it’s also aiming to […]