Fintech platform PhonePe has received an additional $200 million in primary capital from Walmart at a pre-money valuation of $12 billion. The company has also received $650 million from several global investors.
At the beginning of January, the Hamburg-based fintech Ruuky filed for insolvency. At the last minute, a buyer for the startup has been found. A press release said that a strategic investor wants to continue and expand the fintech, which has developed a banking app for young people.
On Monday, Charles Schwab (NYSE: SCHW) shares plunged again, falling more than 20% as markets reacted to the aftermath of the SVB crash. However, analysts at Citi upgraded SCHW from Neutral to Buy in a note. The analysts lowered their price target for the stock to $75 from $83 but said the stock's setback offered an "attractive entry point."
It's time for new startups again! Here are some very young FinTech startups that everyone should know about. Today we are featuring the following young companies: Kapnative, Pyne, DeReg, Sinpex and Vermögensheld.
Australian payments company Till Payments has successfully closed an AUD 70 million ($46 million) Series D funding round led by Silva Fortune. The new capital raise follows the $80 million Series C in October, which valued the company at A$500 million ($350 million).
BaFin is likely to monitor FinTechs more closely after the debasement in the Wirecard case. That certainly can't hurt. Check 24's C24 Bank and Solaris have recently received unpleasant notices from financial regulators.
Despite fintech winter, Raisin allows employees to work from home abroad and pays for their accommodation. The company has rented a villa in Greece over the winter, where up to ten colleagues can set up their laptops simultaneously.
The German fintech CM Equity offers fintechs a platform for crypto trading. In 2021, founder Michael Kott made decent business with it - and rewarded himself with an unusually high bonus of €7.5 million.
Airswift Technology Limited, a leading provider of native Web3.0 payment solutions, and Cloud Payments, a provider of digital payments and banking technology platforms, are partnering to provide cryptocurrency users with instant access to cryptocurrencies at point of sale using VISA and MasterCard payment methods.
