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financial services

CowryWise micro-savings service opens high-yield government bonds to everyday Nigerians – TechCrunch

In emerging market countries where economic volatility is a way of life, there aren’t a lot of relatively safe options for members of the burgeoning middle class to park their money. For instance, countries like Nigeria have experienced a tremendous growth in the number of citizens...

In emerging market countr...

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A new $124 million for Brazil’s Movile proves that investors still see promise in Latin American tech – TechCrunch

Brazil’s macroeconomic picture may be gloomy, but technology investors still see hope in the nation’s burgeoning technology sector — and a recent $124 million financing for the mobile conglomerate Movile is the latest proof that that the pace of investment isn’t slowing down. Brazil was already...

Brazil’s macroeconomic ...

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TrustToken opens its dollar-backed cryptocurrency to accredited investors – TechCrunch

Pitching a dollar-pegged token that offers cryptocurrency speculators a way to move their investments across volatile exchanges, TrustToken (the first public investment from a16z crypto) is now looking for public investments from accredited investors on CoinList. The company’s first token is TrueUSD, a stablecoin that...

Pitching a dollar-pegged ...

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Investment advisory software developer SigFig raises $50 million – TechCrunch

SigFig, the developer of an automated wealth management toolkit, has raised $50 million in a new round of funding. The company said the new money would be used to continue its research and development. The new funding was led by General Atlantic and included participation from existing...

SigFig, the developer of ...

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Ride-hailing firm Grab launches new venture to back startups in Southeast Asia – TechCrunch

Grab, the ride-hailing firm that acquired Uber’s Southeast Asia business, is aiming to catalyze the early-stage startup scene in Southeast Asia after it launched an accelerator and investment unit called Grab Ventures. The six-year-old company has already made investments and acquisitions — backing startups like...

Grab, t...

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WorkFusion adds $50 million from strategic investors as it bulks up for acquisitions – TechCrunch

[ad_1] WorkFusion, a business process automation software developer, has raised $50 million in a new, strategic round of funding as it prepares to start adding new verticals to its product suite. The company’s new cash came from the large insurance company, Guardian; health care services provider...

[ad_1] WorkFusion, a bu...

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Baidu spins out its global ad business to sharpen its focus on artificial intelligence – TechCrunch

[ad_1] Baidu, the Chinese search giant, is spinning out its business unit responsible for utility apps and its mobile ad business to sharpen its focus on artificial intelligence. As part of the spin-out, Baidu is selling a large chunk of its equity in the ‘Global...

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Jirnexu pulls in $11M for its financial comparison service in Southeast Asia – TechCrunch

[ad_1] It’s been a busy week for startup funding in Southeast Asia. Following big deals for Carro and Carousell, financial comparison startup Jirnexu is the latest to announce new capital after it closed an $11 million Series B round. The new investment comes courtesy of Japan’s SBI Group...

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BRD crowdraises $32 million to build financial services into a mobile crypto wallet – TechCrunch

[ad_1] Crypto wallets can’t remain crypto wallets for long. There is so much competition and so many scammers that value-added features like financial services are de rigueur. BRD knows this quite well and is putting $32 million behind the platform to grow out the features...

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