Iconiq VCs spent two years courting Chime and the firm isn’t selling its stake
Iconiq pursued Chime because the founders were focused, and didn’t get distracted by “shiny new objects.”
Chime almost died in 2016, turned down by 100 VCs. Today it IPO’d at $14.5B.
In 2016 when Chime desperately needed cash, over 100 VCs said no. One seed VC, took a chance and saved the company, co-founder Ryan King recalls.
Tebi, the new startup by Adyen’s departed co-founder, raises a fresh €30M from Alphabet’s CapitalG
Co-founded by Adyen’s former CTO, Tebi helps restaurants, bars and other hospitality businesses manage their operations with an all-in-one subscription-based platform that can handle payments, reservations, inventory, and more.
Profitable African fintech PalmPay is in talks to raise as much as $100M
PalmPay, an African digital bank fintech, is in talks to raise between $50 million and $100 million in a Series B round, according to multiple sources familiar with the matter. It’s unclear what valuation it…
Klarna CEO says company will use humans to offer VIP customer service
CEO Sebastian Siemiatkowski told the crowd at London SXSW that his company plans to balance employees and AI workers.
Venmo introduces new debit card benefits and payment options as rival Cash App struggles
On Wednesday, Venmo debuted several new debit card benefits and expanded the ability to make payments with retailers such as TikTok Shop and Uber. The updates signal Venmo is trying to become more of a…
Bolttech closes Series C at $147M with a $2.1B valuation to bolster its embedded insurance offerings
Singapore-based embedded insurance startup Bolttech has closed a $147 million Series C round of funding at a $2.1 billion valuation.
4 days left: Time — and space — are almost up to exhibit at TechCrunch All Stage
The countdown continues, and only a few tables remain if you want to exhibit at TechCrunch All Stage, happening July 15 in Boston, so now’s the moment to act. Only 4 days remain to book…
Irish fintech NomuPay lands $40M at a $290M valuation from SoftBank
As global trade evolves, there’s an increasing demand for diverse cross-border payment options. That’s why an Irish-based fintech startup called NomuPay has raised $40 million in a Series C round from SB Payment Service (SBPS),…
Chime, last valued at $25B, aims for $11B in upcoming IPO
Chime, whose pending IPO is expected to be one of 2025’s blockbuster hits, issued a share price range on Monday of $24 to $26. That a market cap of up to $11.2 billion. At the…