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Ant Financial to transfer 10.3% Paytm stake to Vijay Shekhar Sharma

Vijay Shekhar Sharma, founder and chief executive of Paytm, has entered into a deal with Ant Financial to secure a 10.30% stake in the Indian financial services firm from the Chinese giant, Noida-headquartered company said Monday. The move follows a turnaround at Paytm, which had a lacklustre listing but has improved its finances significantly in […]

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Taking another look at venture debt

Silicon Valley Bank’s nosedive has soured many on venture debt, and for early-stage companies, it bears being cautious. As an option for growth-stage companies with more predictable cash flow, however, things may be a little different. TechCrunch+ spoke with David Spreng, founder and CEO of Runway Growth Capital and author of “All Money Is Not

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As spend management space heats up, Brex and Rho turn to AI startups to help power new products

The competition in the spend management space continues to intensify. Brex and Rho today each announced AI-powered/enabled accounts payables offerings. Their announcements coincidentally came out the same day competitor Ramp announced it had expanded into procurement — further evidence that the companies in the space are clamoring to not only meet customer demand but presumably

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Bolt, ex-CEO Ryan Breslow subject of SEC probe

Ryan Breslow, co-founder of the e-commerce software outfit Bolt, was subpoenaed along with the company last year by the U.S Securities and Exchange Commission. The Information reported the news first on Friday. A letter authored in April by a lawyer representing Bolt investors said the SEC was investigating whether federal securities laws were violated in

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Goldman may be trying to bail on Apple Card

Four years after partnering with Apple on the launch of the Apple Card, Goldman Sachs may be eyeing the exits. The Wall Street Journal reports that Goldman is “looking for a way out” of its high-profile deal with Apple, which recently expanded to include savings accounts for Apple Card holders.  The investment banking firm is

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TreasurySpring raises $29M to expand its investment platform aimed at businesses with excess cash

Of the many issues highlighted by the collapse of Silicon Valley Bank, one big one was the liability of having too much cash sitting in too few bank accounts. Today a London startup called TreasurySpring — which has built a platform for businesses to put some of their cash reserves to work, in investments —

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Finfra lets Indonesian businesses add embedded finance to their platforms

Finfra, an Indonesian startup that provides the tech infrastructure for online businesses that want to offer embedded finance products, has raised $1 million in new funding. The round included participation from DSX Ventures, Seedstars International Ventures, Cento Ventures, Fintech Nation, FirstPick, BADideas Fund and Hustle Fund. The startup’s new funding will be used on product

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HSBC rebrands, expands its SVB UK buy as HSBC Innovation Banking

Acquired by HSBC in an emergency sale for just £1 in March as SVB was melting down, SVB UK is now getting a rebrand and expansion under its new owner. Today the banking giant launched HSBC Innovation Banking, a new unit focusing on banking services to the startup, investor, and wider tech community. Rumored for

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OpenFin’s attack on the ‘toggle tax’ in financial apps secures it a $35M Series D round

Not unlike a post-Internet-era Bloomberg Terminal, OpenFin was a startup which joined the revolutionary world of user interfaces to fast-moving information, back in 2010. If you cast your mind back, those old interfaces were not good, to put it mildly. Think what it was like ordering a cab 15 years ago? Any app that made

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Indonesia’s Skorlife gets funding to give Indonesians power over their credit scores

Skorlife, the fintech that wants to give Indonesians more transparency into their credit scores, has raised $4 million in seed funding. The round was led by Hummingbird Ventures with participation from QED Investors, and returning investors AC Ventures and Saison Capital. The startup’s last funding round was $2.2 million in pre-seed funding announced in September.

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