• Singapore-based Volopay raises $2.1 million seed round to build a “financial control center” for businesses
    by Catherine Shu on January 18, 2021 at 10:00 pm

    Volopay, a Singapore-based startup building a “financial control center” for businesses, announced today it has raised $2.1 million in seed funding. The round was led by Tinder co-founder Justin Mateen, and included participation from Soma Capital, CP Ventures, Y Combinator, VentureSouq, the founders of Razorpay, Antler and other angel investors. The funding will be used

  • Stay gold, ‘Plaid for X’ startups
    by Natasha Mascarenhas on January 16, 2021 at 7:00 pm

    A failed acquisition usually triggers the same series of questions: What does this mean for early-stage startups in the sector? Will a chilling effect occur and hurt valuations? Will VCs stop funding this category? How will the exit environment look going forward? This week gave that narrative a bullish twist. Visa and Plaid announced that

  • Plaid CEO touts new ‘clarity’ after failed Visa acquisition
    by Alex Wilhelm on January 14, 2021 at 4:08 pm

    According to Plaid CEO Zach Perret, the COVID-19 pandemic triggered a "sea change" in consumer behavior.

  • Upgrade launches checking accounts and debit cards
    by Romain Dillet on January 14, 2021 at 11:00 am

    Fintech startup Upgrade has been positioning itself as a neobank. And yet, the company has mostly been focused on personal loans and more recently credit cards. You couldn’t just replace your bank account with Upgrade. Upgrade is adding two important missing pieces of the puzzle, with checking accounts and debit cards. With today’s launch, Upgrade

  • Affirm doubles after starting to trade despite strong IPO pricing
    by Natasha Mascarenhas on January 13, 2021 at 5:56 pm

    Today shares of Affirm, a buy-now-pay-later unicorn, started trading above $90 per share, far above its $49 per-share IPO price, a figure that was already miles above the company’s early expectations. The pop comes after Affirm raised its pricing range earlier this week, to $41 to $44 per share, up from an initial range of