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 […]

Arc wants to build the de facto finance solution for SaaS startups

There’s financial technology (fintech) companies out there targeting all sorts of different segments of the population, as well as companies at various stages of growth. A new company recently emerged that is targeting a popular startup niche, wanting to exclusively help early-stage SaaS (software-as-a-service) companies with their financial needs. Coming out of stealth today with […]

Meet Paysail, the startup making B2B payments faster using crypto

Companies use invoices to pay for many of their major costs, ranging from materials to contract work. Most still rely on solutions built on top of bank transfers or credit cards to complete cross-border payments, which typically take 2-5 days to complete and represent a $130 trillion global market.  Enterprise payments startup Paysail just raised […]

Jakarta-based investment app Pluang raises $55M led by Accel

Jakarta-based investment app Pluang announced that it has raised $55 million led by Accel. This is a follow-on to its Series B and brings that round’s total to $110 million. The funding will be used to make Pluang available in more Southeast Asian countries, increase its asset classes and on hiring.  Pluang’s last round of […]

Business banking startup Qonto raises $552 million at $5 billion valuation

French startup Qonto has raised a $552 million Series D funding round (€486 million). Following this investment, the startup has reached a valuation of $5 billion (€4.4 billion). This is one of the largest rounds in the French tech ecosystem. Qonto is a challenger bank focused on business bank accounts. The startup focuses primarily on […]

Jakarta-based SME financial platform KoinWorks scoops up $108M Series C

The backbone of Indonesia’s economy are its estimated more than 60 million SMEs. But many lack access to working capital and, especially before the pandemic, managed their finances using manual processes like spreadsheets. With COVID-19 prompting many to digitize, startups that focus on SMEs have been raising large rounds of funding to scale up quickly. […]

Can you build centralized islands in a decentralized ocean?

Hello and welcome back to Equity, a podcast about the business of startups where we unpack the numbers and nuance behind the headlines. We’re getting back up to full speed this week, so Mary Ann and Alex along with Grace behind the scenes took on our Friday show. Next week Natasha and Chris are back, and […]

Meet Bankaya, a Mexican fintech that is going offline for customer acquisition

Most fintechs pride themselves on digital everything, including customer acquisition strategy. But Bankaya, a Mexico City-based financial services startup, is attributing its early traction on the opposite model — going after target customers in person. Founded in 2019 by CEO Mauricio Cordero, Ramón Chedraui and Diego Vargas, Bankaya launched one year ago and boasted 450,000 […]