The construction financing platform Hypofriend (website) is launching a spin-off. With Pensionfriend, the creators want to sell low-cost private pension insurance. But the ambitious plans raise questions. Nick Mulder is founding a new startup. Together with his father, Chris Mulder, the entrepreneur has already built up a fintech without millions of investors.
Three former executives of Russian online bank Tinkoff, George Chesakov, Pavel Fedorov, and Raffy Montemayor, have raised $16 million to launch a fintech startup focused on Southeast Asia, initially targeting the Philippines, they announced.
Fintech pioneer and serial entrepreneur Bill Harris launched Nirvana Money, an accessible credit card product designed to simplify money management for middle-income people. The company plans to combine the best features of a credit card, bank account and rewards program into a single card.
The Kenyan embedded finance fintech company Pezesha (website) secured an $11 million pre-Series A equity round led by Women's World Banking Capital Partners II with participation from Verdant Frontiers Fintech Fund, cFund, and Cardano blockchain maker Input Output Global (IOG). The round also included a $5 million loan from Talanton and Verdant Capital Specialist Funds.
Samir Desai (pictured above), the co-founder of Funding Circle, has unveiled Super Payments, a fintech startup he founded back in February but very little was known about until now. The startup successfully raised £22.5 million (about $27 million) in a funding round led by Accel, with participation from Union Square Ventures, LocalGlobe, and several angel investors.
