Welcome to TechCrunch Fintech!
This week, we are looking for some huge valuation jumps, how Stripe is focusing on another shareholder sales, colorful conversations with early VCs and more!
To get a summary of TechCrunch’s largest and most important fintech stories Subscribe here.
Big story
Last week, it was a great option when it came to funding from fintech startups. Riyadh Tabi Then it became the most valuable financial technology in MENA Received $160 million In the E Series round, it is valued at $3.3 billion as it expands its current price and pays later. That’s twice the $1.5 billion worth just 18 months ago. Touching. And, India Zetaa provider of banking software to banks and fintech startups, Raised $50 million Received a $2 billion valuation from strategic investors. This is the $1.15 billion price tag obtained from 2021 (before currency). at the same time, mercury It is reported that raising funds are being negotiated In the new round of Sequoia The valuation is over $3 billion, which will double the value of the company. (The company didn’t comment when TechCrunch reached out.) If these deals indicate what 2025 will look like, I’ll prepare myself for it. Start getting 2021 flashbacks. (Not quite, but still…)
Show me the money
Payment infrastructure giant stripe Negotiating Another shareholder for sale This could value the company as “at least” $85 billion, according to multiple reports and sources familiar with the matter.
Based on Lagos Raenestprovides multi-currency accounts, Raised $11 million In a round of funding led by Qed investors, it has expanded its influence across Africa.
Ghana Financial Technology Affinity with Africa have Raised $8 million Among seed funds, its financial products are expanded to more nationwide, and mobile money is the main financial tool.
laugh atThis is a tool to build tools to help insurance companies manage billing and revenue operations, Closed $20 million Series B round It will be used to extend its technology stack to cover more functions and scale operations.
Hatt Management Company Kata Headline News In 2020, its former vice president of marketing, Emily Kramer filed a lawsuit alleging gender discrimination and retaliation. That situation is settle down In 2023. But since then, Carta has settled two other lawsuits filed by women who work at the company and accused of sexual harassment and discrimination, a legal application from TechCrunch Show. Charles Rollet And more.
Encrypted communication Common cases In progress It re-enters India It’s been more than a year Stop the operation In the most populous country in the world.
I definitely talk to it Sheel Mohnotgeneral partners A better adventure tomorrow For TechCrunch’s Stock Podcast. From that time, he chatted in Justin Bieber’s videos to how social media helped him win deals, and how He believes fintech is making a major comeback.
Gaoli nods his headlines
Speaking of large cowhide: Fraud detection startup Sardine AI sums up $70 million Series C.
Ensure access to operating insurance services; raise Series D funds
Varrow CEO Colin Walsh beats Gavin Michael to replace him
Robinhood’s crypto revenue surges 700% year-on-year in the fourth quarter
Thank you for reading! Until next week… Follow me on x @bayareawriter To break down fintech news, articles about coffee and more.
