Michele Mattei的动态

Most promising Israeli startups: 4 fintech companies to watch in 2024 FundGuard, Obligo, okoora, and IVIX were the highest-ranked fintech companies in this year's list of the 50 most promising Israeli startups

Fintech startup Tola raised a $10.2 million seed round led by Sequoia Capital #Tola, an all-in-one AP/AR #fintech platform with built-in financing, has raised?$10.2 million?in seed funding led by?#Sequoia Capital. Other notable investors include Cherry Ventures, Creandum, RTP Global, Founders, Y Combinator, Zinal Growth, and Pathlight Ventures, along with several prominent fintech founders and operators. Co-founded by?Alen Cvisic?and?Guillaume Simard, both former executives at Pleo, Tola is tackling the critical challenge of cash flow management for small and medium-sized businesses (SMBs). Their platform consolidates accounts payable, accounts receivable, cash flow insights, and working capital into one seamless solution, empowering SMBs to streamline payments and take control of their finances. Already supporting over?100 SMBs?across industries like wholesale, retail, hospitality, and professional services, Tola has facilitated millions in working capital with lower-than-average default rates. This funding comes at a time when fintech investment is slowing, highlighting investor confidence in Tola's innovative approach. As?George Robson, partner at Sequoia Capital, puts it:?"Tola is not just another fintech solution; it's a game-changer for small and medium-sized businesses." The article on Axios in the first comment.

#wealthtech startups Dezerv, Stable Money close fresh funding amid larger fintech stress #tech/funding/wealthtech-startups-dezerv-stable-money-close-fresh-funding-amid-larger-fintech

Accel and Citi Ventures-backed fintech xalts, which is used by financial institutions and businesses to build and manage digital finance applications, has today announced its acquisition of Contour Network, owned by a consortium of global banks, to accelerate digitisation in trade and supply chain finance. This news article is Powered by Adopt Startup? , your trusted partner for supporting and promoting startup ventures. Ashutosh Goel Supreet Kaur Carl Wegner #asianstartups #entrepreneurship #innovation #technews #funding #successstories #emergingmarkets #asianstartupnews #indianstartupnews #asn #azn #adoptstartup

With Funding Down 70%, Here’s What Fintech’s High Flyers Are Worth Now The current estimated value of 11 leading private fintech startups shows declines as high as 79%. But a few have started to recover. Back in November 2021,?as the market for venture capital funding of fintech companies?was peaking, San Francisco Bay Area bill-payment startup Tipalti raised $270 million at an $8.3 billion valuation. Then last summer, shares in the company traded hands privately at a $4 billion value. Today, by one estimate, Tipalti is worth just $3.1 billion, down 63% from its peak, even though it has been growing smartly—to 3,500 mostly U.S.-based business customers now, up from 2,000 at the end of 2021. #fintech #payments #funding

We know that it can be easy to let funding announcements slip you by in this fast-paced industry. That’s why we put together our weekly?ICYMI?funding round-up. This week features Kalder, Pemo, PostSig, Inc., StoreCash, and more Read more ? https://lnkd.in/eHmGPbXy #FinTech #Startups

Thepeer Returns $350K Investment Post-Shutdown After Missing Product-Market Fit. Despite having a substantial runway of up to 20 months and?raising $2.3 million in funding?so far, the founders of?Thepeer, a Nigerian API startup, have made the difficult decision to?shut down, citing an inability to achieve product-market fit after three years of operations since launching in April 2021. The startup also plans to return approximately $350,000 to investors after facing compliance issues, slow market adoption, and the need to either pivot, pursue an acquisition, or return capital to investors Read the full story: https://lnkd.in/dq4PaeXU

Latin American startups are booming with a $2.18bn investment surge! Check out how Retorna's $1.2mn seed round, led by @ImpactaVC, is revolutionizing remittances. #LatAmStartups #FintechGrowth #VentureCapital

Thepeer, a fintech startup founded in 2021, concluded its operations in April 2024 and has recently completed the process of returning $357,960 to its investors as of June, marking the final chapter in the company’s brief history. This return of funds indicates that an angel investor who initially contributed $10,000 would have received a refund of $2,280. The decision to shut down and refund investors was made by Thepeer’s founders, Michael Okoh and Chike Ononye, after determining that there was no viable path to scale the product. The founders chose to cease operations and move on to other ventures. The closure of Thepeer raised questions among some angel investors, who sought clarity on the company’s financial status at the time of shutdown. Click the link to read more: https://lnkd.in/dr8xJzUv #innovationvillage?#thepeer #fintech #startup #investor #investments #refunds #financials #technews #techtrends #africabusuiness

Fintech Movers & Shakers - Startupbootcamp expands fintech focus in APAC with Tim Poskitt as new program Managing Director #australianfintech #fintech #fintechnews #finance #technology #financialtechnology #moversandshakers #startups #startupnews #australianstartups #jobs #fintechjobs Startupbootcamp FinTech Startupbootcamp Australia