Category: Technology
The feast and famine cycle of tech
Today, we’re going over Zum’s $140M round, why Ramp is on an acquisition spree, and how the tech layoff season simply refuses to fade away. [more…]
Indian central bank’s clampdown wipes $2.1 billion off Paytm
Shares of Paytm fell another 20% Friday before hitting the lower circuit that temporarily halts trading as the Indian financial services firm reels from the [more…]
India weighs more penalties on Paytm, including revoking payments bank license
The Reserve Bank of India (RBI) is discussing more penalties on Paytm Payments Bank and may reach a decision within days, two sources familiar with [more…]
Paytm to terminate business with Paytm Payments Bank after central bank’s clampdown
Paytm said Thursday that it will cease work with its associate Paytm Payments Bank and accelerate plans to partner with other banks, after India’s central [more…]
Metronome’s usage-based billing software finds hit in AI as the startup raises $43M in fresh capital
Metronome, a startup that helps software companies offer usage-based billing, has raised $43 million in a Series B funding round led by NEA. Existing backers [more…]
Finvest app will have you invested in US Treasury Bills in minutes
Finvest is out to make the purchase, management and selling of U.S. Treasury Bills seamless, while also offering a high-yield cash management account with a [more…]
Despite glimmers of profit, most African neobanks remain in the red
It was only just over a year ago that McKinsey described Africa’s financial technology landscape as a “hotbed for investment.” Fast-forward to today and startups [more…]
India orders Paytm Payments Bank to halt business
The Reserve Bank of India (RBI) widened its curbs on Paytm’s Payments Bank, which processes transactions for financial services giant Paytm, barring it from offering [more…]
Block becomes the latest fintech to lay off workers
Block, the fintech company whose subsidiaries include Square, Cash App and Afterpay, is laying off staff at a tumultuous time for tech industry workers. That’s [more…]
Fintech Ramp acquires another AI-powered startup
Spend management startup Ramp has acquired AI-powered startup Venue as it expands its procurement offering. Venue was founded in 2022 by TK Kong, Young Kim, [more…]
