Max Levchin’s Affirm seeks capital amid surge in fintech funding – gpgmail

[ad_1] Another consumer finance business is lining up investors for its largest cash infusion yet. Affirm, founded by PayPal’s Max Levchin, is said to be raising as much as $1.5 billion in a combination of debt and equity, according to people with knowledge of the company’s fundraising activities. Josh Kushner’s New York venture capital firm […]

SF based African fintech startup Chipper Cash expands to Nigeria – gpgmail

[ad_1] The African no-fee, cross-border payment startup Chipper Cash has expanded to Nigeria. The San Francisco based startup, with offices in Ghana and Kenya, will offer its P2P payment service and app in Africa’s most populous nation in partnership with PayStack—the payment gateway company. Paystack CEO Shola Akinlade confirmed the collaboration. Chipper Cash will establishe a […]

Accion Venture Lab launches $23M inclusive fintech startup fund – gpgmail

[ad_1] Accion Venture Lab—the seed-stage investment arm of non-profit Accion—has raised $23 million for a new inclusive fintech startup fund. The Accion Venture Lab Limited Partnership, as its called, will make seed-stage investments in inclusive fintech startups, defined as ventures that “that leverage technology to increase the reach, quality, and affordability of financial services for […]

Update on Nigerian fintech firm Interswitch and its speculative IPO – gpgmail

[ad_1] Nigerian fintech firm Interswitch has been circulating in business news around a possible IPO on the London Stock Exchange. Last month Bloomberg News ran a story—based on unnamed sources—reporting the financial services firm had hired investment banks to go public on the LSE later in 2019. The piece spurred additional aggregated press. That Interswitch—which […]

Gradjoy is a Y Combinator backed fintech to help you knock out your student loans – gpgmail

[ad_1] The right people to solve the trillion dollar student debt crisis might be the ones who are suffering from it the hardest. If you’re a recent college graduate, there’s a 50 percent chance you took on debt when you moved off campus. If you’re like the average student borrower, you graduated with $29,800 of […]

Nyca Partners raises $210M to invest in fintech startups – gpgmail

[ad_1] Nyca Partners, a firm with investments in financial technology businesses including PayRange, Trellis, Affirm and Acorns, has collected another $210 million for its third venture capital fund. Located in New York, Nyca’s debut fund closed on $31 million in 2014. Its second fund, a similarly focused fintech effort, raised $125 million in 2017. Venture […]