UK’s ThirdFort nabs $20M for tools to help with ID verification, and detect money laundering and payment fraud
Money laundering has been a hot topic of late in the UK, which is facing pressure to not just make tighter rules to track down the origins of money that’s spent on large assets in the country like prime real estate — the capital city has been dubbed by some as the “London laundromat” — […]
Ghanaian fintech Dash raises $32.8M seed to build connected wallets for Africans
Global financial transactions are facilitated mainly by payment processors such as Visa or Mastercard. They are responsible for communication between banks and fintechs to settle transactions for consumers and businesses swiftly. Africa has it different. It’s not a predominantly card continent. Telecoms and banks lead the majority of online financial transactions carried out in the […]
Agritech startup Otipy raises $32M in Series B led by Westbridge Capital
Agritech startup Otipy on Monday said it raised $32 million (Rs 235 crore) in a Series B round led by Westbridge Capital. Existing investors SIG and Omidyar Network India also participated in the round, the startup said in a statement. The Series B funding comes in six months after the Gurugram-based startup raised $10.2 million […]
Sequoia Capital India, STV back Dubai-based BNPL provider tabby in $54M extension round
Tabby, the Dubai-based buy now, pay later (BNPL) platform that lets users shop, pay later and earn cash from over 3,000 global brands, including Adidas, IKEA and Bloomingdale, has completed a Series B extension of $54 million. It follows tabby’s initial Series B round of $50 million announced last August that valued the company at […]
Captain Fresh raises $50M in Series C round
B2B animal protein marketplace Captain Fresh has raised $50M in a Series C funding round co-led by its existing investors Prosus Ventures and Tiger Global. The round also saw the participation of existing investors Accel India, Matrix Partners India, Ankur Capital, and Incubate Fund. This was the company’s third investment in 12 months, with its […]
Fintech startup CredAvenue enters unicorn club with $137M funding
Chennai-headquartered debt marketplace for enterprises CredAvenue announced that it has raised $137 million in a Series B round of funding, catapulting it to the famed startup unicorn club. The round, led by Insight Partners, B Capital Group and Dragoneer Investment Group, valued the company at $1.3 billion post-money, a 3X jump from its $410-million valuation […]
Infrastructure is broken, Gecko is using robotics to help fix it
Gecko Robotics’ mission statement is “To protect today’s critical infrastructure, and give form to tomorrow’s.” It’s certainly the sort of thing that rings true in the startup’s home town of Pittsburgh, where the Fern Hollow Bridge collapsed under the weight of five vehicles in late-January, the day President Biden was visiting to talk infrastructure. Gecko’s […]
Fetch raises $3.5M for its self-service truck rental marketplace
Once upon a time, I had a truck. I loved that truck! I didn’t actually use the truck as a truck all that often, so eventually I sold it and bought something more in tune with my daily needs. Something more “practical,” I suppose. I still miss that truck. Now the few times a year […]
AssemblyAI snags $28M for all-in-one API to transcribe, summarize and moderate audio
The explosion in audio and video content and interfaces over the last few years has been plain to see, but ways of dealing with all that media behind the scenes hasn’t quite caught up. AssemblyAI, powered by $28 million in new funding, is aiming at becoming the go-to solution for analyzing speech, offering ultra-simple API […]
London-based SteadyPay helps freelancers and gig workers stabilize their income
The “gig economy” gave rise to a set of startups focused on meeting the needs of freelance and self-employed workers, from labor marketplaces Upwork and Fiverr to client management tools like Honeybook. London-based SteadyPay focuses on solving one major pain point for these workers — income volatility — which can make managing one’s personal finances […]