Stripe

Welcome to TechCrunch Fintech (formerly The Interchange)! Apologies for being out last week — a cold got the best of me, but I’m back and here to talk about the fact that shutting down startups is big business, Stripe’s new valuation, Klarna’s latest AI update and more. To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Sunday at 7:30 a.m. PT, subscribe here. The big story Last week, I wrote about two startups — Sunset and SimpleClosure —…

Top IPOs of 2024: A glimpse into ventures reshaping industries and captivating investors In the dynamic realm of financial markets, Initial Public Offerings (IPOs) often serve as significant milestones, heralding the entry of promising companies into the public sphere. As we navigate through 2024, investors and enthusiasts alike eagerly await the arrival of several high-profile IPOs, each poised to reshape industries and…

Could 2024 be the year for fintech IPOs? Quite possibly, according to F-Prime Capital’s State of Fintech 2024 report. F-Prime — a VC firm with over $4.5 billion in assets under management that tracks the performance of emerging, publicly traded and privately held financial technology companies — naturally remains bullish on the fintech space, noting that: “In aggregate, fintech companies have captured <10% of financial services revenue, yet many scaled private fintech companies are generating $1B+ revenue, still…

Food-delivery platform Zomato and international financial infrastructure provider Stripe are the latest entities to have received final approval from the regulator to operate as online payment aggregators. While Zomato received the nod from the Reserve Bank of India (RBI) on January 24, Stripe got the go-ahead on January 15. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology Leadership and InnovationVisitIIT DelhiIITD Certificate Programme in Data Science & Machine…

A San Francisco startup that launched at the 2021 Palm Beach International Boat Show has announced that it will begin ferrying Stripe employees to work on its flagship N30 six-passenger foiling electric boat from March.Initially, Navier will make just one of its flagship boats available for the project – which will take workers on a 30-minute trip from Larkspur to the South San Francisco headquarters of the financial services and SaaS multinational, shaving about half an hour off the usual daily commute without adding any…

Nigerian fintech Cleva, focused on creating a banking platform for African individuals and businesses to receive international payments by opening USD accounts, has raised $1.5 million in pre-seed funding. The round was led by 1984 Ventures, an early-stage venture capital firm based in San Francisco. Other participants in the round include The Raba Partnership, Byld Ventures, FirstCheck Africa, and several angel investors. Aaron Michael, a partner at 1984 Ventures, expressed support for Cleva’s founders, Tolu Alabi…

Venture capitalists and founders are hoping — praying? — for exits to pick back up in 2024. A recent TechCrunch+ survey found that there is consensus among VCs that exits will start to rebound this year, but the when and the how are still a bit fuzzy. The consensus, though, is that fintech Stripe will go public this year. The investors surveyed clearly aren’t the only ones who are excited about a potential Stripe exit in 2024, either. According to secondary data tracker Caplight, there has been…

Too Long; Didn't ReadFounders often aspire to achieve virality and rapid scalability, envisioning massive and swift success. However, in reality, novice entrepreneurs should prioritize understanding their customer base. For effective research, one doesn't require a large user pool; engaging with just a few individuals is sufficient. Acquiring the initial set of users is more feasible through manual actions. Too Long; Didn't ReadFounders often aspire to achieve virality and rapid scalability, envisioning massive and…

Microsoft’s video calling platform, Teams offers several features to improve user experience. The tech giant has now introduced a payment system inside Teams. This new system will allow small businesses to earn money from appointments, classes, one-on-one sessions, webinars, and more. Businesses in some markets that use Teams will now be able to collect payments during a meeting. Microsoft is making this service available for financial advisors, lawyers, instructors, tutors, and other small and medium-sized businesses…

For all the investment speculation and hype, cryptocurrency has so far struggled to find meaningful use cases. Now there’s some effort from Singapore to turn the general public into crypto adopters through blockchain payments. Cosmose AI, a nine-year-old company that uses AI analytics to track in-store foot traffic and engage with shoppers online, is partnering with Near, one of the blockchain protocols competing with Ethereum. The pair are building a payment system that allows users to shop with crypto at low…