🧵 1. Chilean fintech startup Fintoc secures $7 million to expand in Mexico, tapping into the growing demand for open banking solutions in smaller markets. #fintech
🧵 1/ Paystand acquires Teampay to create a 'no-fee B2B digital payment and spend powerhouse'. The financial terms were undisclosed. #fintech
🧵 1. Augment, an AI-powered coding platform backed by Eric Schmidt, emerges from stealth with $252M funding. AI is revolutionizing coding processes. #fintech
🧵 1. Fintech startup Sanlo's new webshop tool helps game developers dodge high app store fees by offering a plug-and-play solution that integrates with existing tech stacks. #fintech
🧵 1. Parloa secures $66 million in Series B funding for its conversational AI customer care platform, aiming to enhance human-like communication in technology. #fintech
1/🧵 Customer service through AI is a reality with Parloa. It has also received an investment of 66 million dollars!
Walmart-backed fintech One introduces buy now, pay later as it prepares bigger push into lending
One's expanding role at Walmart raises the possibility that the company could force Affirm and others out of some of the most coveted partnerships in retail.
🧵 1/ Wiz is in talks to buy Lacework for $150-200M amidst security sector consolidation. Lacework previously valued at $8.3B, showcases changing market dynamics. #fintech
🧵 1. The path to DeFi mass adoption involves fintech & centralized exchanges as disruptive forces with stronger incentives to switch than traditional finance. #fintech
🧵 1. Safe announces strategic acquisition of Multis source code, with former CEO Thibaut Sahaghian joining to enhance cross-chain interaction solutions within the Safe ecosystem. #fintech
🧵 1. India taking steps to address market dominance of PhonePe and Google Pay in mobile payments through meetings with fintech startups, aiming to boost UPI transactions and support emerging players in UPI ecosystem. #fintech
🧵 1. Introducing Four, a top BNPL fintech allowing users to shop now and pay later in installments, easing the financial burden for shoppers. #fintech
🧵 1. Amazon exec debunks job loss fears from robots, AI, and tech, saying they enhance roles and create new job categories according to Stefano La Rovere. #fintech
🧵 1. US proposes $6.6B investment in TSMC's Arizona fab. Aim is to bolster semiconductor production domestically.#chinatensions #fintech
🧵 1. Fintech representation in YC's Winter 2024 cohort has shrunk, with only 8% classified as fintech compared to 24% in Winter 2022. Cross-border fintech is a hot trend among the selected companies. #fintech
🧵 1. Indian startup Zepto hits $1.2B in annual sales within 29 months, competing with industry giants and targeting a rapid expansion to 40-50 cities. #fintech
🧵 1. Fisker's turmoil continues as millions in customer payments were temporarily misplaced during delivery scaling. Internal audit ensues after the discovery. #fintech
🧵 1. Observe, a data observability startup, secures $115M in funding, led by Snowflake. The Series B values the company at $400-500M, with strong demand for its tech driving growth. #fintech
🧵 1. London regtech GSS secures $47M funding to aid banks in complying with global sanctions, amid rising economic restrictions like U.S. trade measures on nations including Russia and China. #fintech
