Chime CEO and co-founder Chris Britt joins CNBC’s “Power Lunch” team to discuss the online banking company, the financial sector and his outlook for the company and the industry. Also, the Dallas Mavericks secured a jersey patch sponsorship with Chime for roughly 3 years. NBA jersey patch sponsorships can currently earn up to $20 million […]
Category: News
2019 Africa Roundup: Jumia IPOs, China goes digital, Nigeria becomes fintech capital
2019 brought more global attention to Africa’s tech scene than perhaps any previous year. A high-profile IPO, visits by both Jacks (Ma and Dorsey) and big Chinese startup investment energized that. […]
Spain’s Glovo grabs $166M Series E for its ‘deliver anything’ app
Spain’s Glovo, an on-demand delivery app platform which operates in Europe, LatAm and Africa delivering food but also other urban conveniences from groceries to pharmaceuticals, has bagged another €150 million (~$166M) in a fast-following Series E round led by Abu Dhabi state investment company, Mubadala. […]
Digital bank Chime quadruples valuation in less than a year to $5.8 billion as it takes on megabanks
A war is brewing in digital banking, and one leading player just loaded up on ammunition. Chime, the largest of a new breed of branchless U.S. banks, raised $500 million in a series E round it closed recently valuing the company at $5.8 billion, according to people with knowledge of the situation. That is a remarkable […]
MIGO ANNOUNCES $20 MILLION IN SERIES B FUNDING, EXPANDS TO BRAZIL
In a bid to boost its economy, Zambia legalized the production and exportation of cannabis on Monday which will serve only economic and medicinal purposes. The Minister of Information and Broadcasting Services, Dora Siliya who also doubles as the government’s chief spokesperson revealed that the approval for the export of cannabis was granted at a […]
Digital bank Chime quadruples valuation in less than a year to $5.8 billion as it takes on megabanks
A war is brewing in digital banking, and one leading player just loaded up on ammunition. Chime, the largest of a new breed of branchless U.S. banks, raised $500 million in a series E round it closed recently valuing the company at $5.8 billion, according to people with knowledge of the situation. That is a remarkable […]
Which Insurtech Distribution Model Gets It Right?
Insurtech has become one of the fastest growing segments in fintech. McKinsey & Co. reported that over $10 billion has been invested in insurtech since 2012. Already there are over 2,500 insuretechs around the world, a number that will surely continue to climb. While there’s no debate over whether insurance is ripe for disruption, there’s still uncertainty over which […]
Singapore App-Lending Startup Scores $500 Million Valuation
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Ontruck acquires digital freight forwarding platform Briver from Wtransnet, consolidating market position in Spain
Ontruck, the digital road freight platform, today announces the acquisition of Briver, from Wtransnet, the leading freight and vehicle exchange in Iberia. With a particularly strong presence in Cataluña, digital freight broker Briver will help to consolidate Ontruck’s leadership across the Iberia region and bolster capacity during the end-of-year holiday rush (Black Friday, Christmas). Both brands […]
Heetch adds $4M to its Series B round
Ride-hailing service Heetch has added a new investor to its $38 million Series B round. AfricInvest is investing another $4 million in the startup — in total, Heetch has raised a $42 million Series B round. Previous investors in the Series B round include Cathay Innovation, Idinvest and Total Ventures (now called Total Carbon Neutrality Ventures, for real). […]