Fintech and insurtech innovation in Brazil set to take off on regulatory tailwinds

Brazilian instant payment system Pix ended 2021 having powered more than 8 billion transactions, according to statistics from the country’s Central Bank. This is quite an impressive figure for an offering only launched in November 2020 and goes to show how ubiquitous Pix has become in the country. You could describe Pix as “a government-built […]

Use alternative financing to fuel VC-level growth without diluting ownership

Miguel Fernandez Contributor Share on Twitter Miguel Fernandez is CEO and co-founder of Capchase. He is passionate about changing working capital dynamics to make it the main source of cash for tech companies. Launching a business is hard enough, but scaling it to a successful and lucrative exit is even more difficult. Securing early-stage venture […]

Mark Cuban-backed fintech Dave’s public offering puts SPACs to the test

The special purpose acquisition company (SPAC) boom did not play out as some folks in the technology and business worlds hoped. Despite a wave of optimism through early 2021, private companies that pursued public debuts with the help of blank-check companies have frequently failed to cover themselves in glory in the intervening quarters.  Even more, […]

How does former CEO Vishal Garg still have a job?

With everything that has gone down at over the past 18 months, many of us are scratching our heads in wonder that CEO Vishal Garg remains employed. On December 10, employees of the digital mortgage lender were notified via email by the Better board of directors that Garg would be taking time off, effective […]

Are Nubank’s low IPO fees a sign of the times?

Fees on the Nubank IPO were among the lowest of the year, Bloomberg revealed this week. Of the $2.6 billion the Brazilian fintech’s parent company, Nu Holdings, raised in the operation, only 1.6% are going to its underwriters, which included Goldman Sachs, Morgan Stanley, Citigroup and others. “Among 490 IPOs in the U.S. so far […]

Nubank, HashiCorp provide startup market with end-of-year IPO wins

The 2021 IPO cycle is winding down this week as HashiCorp and Nubank priced their public debuts and listed. Happily for startup fans and the venture classes, both IPOs went well. Samsara’s IPO will come next week if current calendars hold up, but that’s pretty much it for the year. We made it to the […]

With $3B expected in 2021, Singapore is becoming a fintech capital

Lee Li Contributor Share on Twitter Lee Li is a project manager and B2B copywriter with a decade of experience in the Chinese fintech startup space as a PM for TaoBao, MeitTuan and DouYin (now TikTok). More posts by this contributor With open banking on the horizon, the fintech-SME love story is just beginning Investment […]

Is Nubank’s lower IPO pricing bad news for Brazilian startups?

Brazil’s Nu Holdings, the parent company of the popular Latin American neobank Nubank, announced a reduction to the expected price of its public offering this morning. The well-funded fintech is listing in the United States and its native Brazil, and is among the final companies that TechCrunch is tracking for a 2021 debut. The Exchange […]

What happened to Paytm’s IPO valuation?

If you weren’t paying close attention, you might have expected a different result from Paytm’s IPO. After all, the company is incredibly well-funded by investors that you know by name, and the Indian fintech giant has sufficiently scaled into a global brand. The Exchange explores startups, markets and money. Read it every morning on TechCrunch+ […]

In Amazon scuffle, Visa’s loss could be Affirm’s gain

Earlier this week, Amazon announced that it would stop accepting Visa credit cards issued in the U.K. due to high interchange fees on transactions. The company gave a deadline of January 19 and is offering consumers who primarily use Visa cards £20 off a purchase as an incentive to update their preferred payment method. The […]