by RJ Shara | Aug 17, 2021 | Fundings and Exit
It’s not even half a year because crypto exchange Bitpanda revealed a $170M Series B — when, back in March, Austria’s very first unicorn was being valued at$1.2 billion. Today it’s topping that: Announcing a $263M Series C, led by Peter Thiel’s Valar Ventures, with the fintech startup now valued at a whopping $4.1 BN — — […] In spite of diversification beyond crypto, a spokeswoman verified to us that crypto trading stays “the preferred option” for Bitpanda’s current users, noting the Stocks trading item is still in beta. Bitpanda’s spokeswoman also told us that international expansion and growth are “crucial top priorities”, including: “We’ll keep developing the group, opening new offices, and releasing brand-new items as we develop for scale and optimise for development. In another supporting statement, Andrew McCormack, founding partner of Valar Ventures, stated: “We thought in Bitpanda’s potential from the beginning and we are impressed by the outcomes that Eric, Paul, Christian and the Bitpanda team have achieved. With more than 1.2 million users gotten in the very first half of 2021, impressive net income growth and world-class executive works with, Bitpanda stands as the living proof that hypergrowth can be achieved in a sustainable method. 
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by RJ Shara | Aug 5, 2021 | Fundings and Exit, Startups
The majority of the time when people get loans, it’s for big life purchases such as a car or a house. However not every huge purchase is a need. Some are more for enjoyable, and the financing options for those types of buys — — such as atvs and motorcycles — — are more minimal. Today, Octane Loaning, […] Octane introduced with the goal of “making lending much better in ignored markets,” according to Guss. Because loaning is involved in about 80%of powersports purchases and about 80 %of loaning happens in the car dealership, Octane focused first on constructing a loaning platform for customers and car dealerships. Last year, it launched Octane Pre-qual, which allows customers to instantly prequalify for funding on OEM and dealership sites with a soft credit pull. Looking ahead, Octane plans to utilize its brand-new capital to expand to surrounding “other passion purchase” markets and continue to launch consumer engagement tools as well as purchasing options for customers going shopping for powersports lorries online. — TechCrunch” src=”https://techcrunch.com/2021/04/30/amid-the-ipo-gold-rush-how-should-we-value-fintech-startups/embed/#?secret=ipFucLuHdV” data-secret=”ipFucLuHdV” width=”800″ height=”450″ frameborder=”0″ marginwidth=”0″ marginheight=”0″ scrolling=”no” > 
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by RJ Shara | Jun 22, 2021 | Startups
More than a million individuals migrate to the U.S. each year. Upon their arrival, they deal with challenges in opening a local checking account and accessing monetary services at routine rates. These challenges for migrants, a substantial part of whom also require to send cash home, have actually persisted internationally for decades, in spite of big government assistance programs. […] The two-year-old start-up runs an eponymous mobile banking service. Houston and Stockholm-headquartered MAJORITY likewise runs a neighborhood on its app to help people who have actually moved to the U.S. find familiar people and a “house” environment, he stated.”As veterans within the migrant tech sector, the team behind BULK has currently developed themselves as home builders of disruptive options for the world’s immigrants,” said James Fitzgerald, founding partner at Valar Ventures. 
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by RJ Shara | Mar 18, 2021 | Startups
Challenger banks continue to make significant advances in attracting customers away from the big incumbents by providing more modern, user-friendly tools to manage their money. Today, one of the trailblazers in this area, Kuda Technologies, is announcing funding to continue building out its specific ambition: to provide a modern banking service for Africans and the […] …
by RJ Shara | Mar 11, 2021 | Fundings and Exit, Startups
If there were any doubt about a cryptocurrency boom, we need look no more than at the explosion of development of specific business in the area. One such company is BlockFi, which today announced it has closed on a huge $350 million Series D financing that values it at $3 billion. While this news in […] , which will provide BlockFi clients the ability to make Bitcoin cash back on every deal. BlockFi already has an international existence and retail customers in over 100 countries.”Our clients’ funds and information were secured throughout the occurrence,” the company added. 
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by RJ Shara | Dec 8, 2020 | Startups
With almost half a million customers across Mexico and a network of 30,000 retail areas where agents can take deposits, the challenger bank albo is currently on its way to ending up being a dominant gamer in Mexico’s emerging fintech industry. And the business has recently raised another $45 million to combine its position. “When your mission […] Sahagún stated the money will be utilized to broaden into loaning and insurance items the range of services albo deals. …
by RJ Shara | Sep 29, 2020 | Startups
Bitpanda, a crypto properties platform, has closed a$ 52 million Series A financing round from Valar Ventures, an equity capital firm backed by Peter Thiel. Vienna-based VC Speedinvest likewise participated, together with other unnamed investors. Declaring 1.3 million users, Bitpanda has formerly been trading digital assets and tokenizing precious metals. The Vienna-based business will use the cash to […]
Claiming 1.3 million users, Bitpanda has actually previously been trading digital assets and tokenizing precious metals. Basically, Bitpanda is a crypto exchange which can support other kinds of properties in a tokenized form. Bitpanda is a central exchange with its own infrastructure, and is not running on a public blockchain. Declaring 1.3 million users, Bitpanda has actually formerly been trading digital properties and tokenizing precious metals….
by RJ Shara | Sep 24, 2020 | Fundings and Exit, Startups
Often raising venture capital can be as simple as talking with your existing investor and having them wire over another check. When we last overtook Petal in January 2019, the start-up was hot off its $30 million Series B round and was accelerating its mission to handle the world of credit cards. […] COVID-19 hit, and along the way, the traditional credit score has actually been rent asunder as millions lost their jobs, had their hours cut back, and changed life situations. Now, the New York City-headquartered start-up is broadening, and netted a $55 million dollar Series C round led by Valar once again, who not only led the company’s Series B, however also its $13 million Series A round back in 2018. “It’s allowing us to make credit available at a period of time when tradition institutions– conventional banks and so on– are being forced to pull back,” he said. Back last September, the company raised $300 million from Jeffries as a debt center to fund its credit card, and in February, it recruited Kaustav Das as its new chief risk officer. When we last captured up with Petal in January 2019, the start-up was hot off its $30 million Series B round and was accelerating its objective to take on the world of credit cards….
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