Mary Ann Azevedo
Rocketplace, a startup that aims to build a “next-generation asset management platform for crypto,” has raised $9 million in a seed funding round.
A few things about this raise stood out. For one, the funding comes at an interesting time in the crypto world — during the so-called “crypto...
Opendoor has agreed to pay $62 million to settle charges by the Federal Trade Commission, which says the company’s claims that it helps people make more money by selling their house to the company rather than listing it on the open market were deceptive.
For years, the real estate...
Publicly traded Lemonade has laid off about 60 employees of Metromile, the auto insurtech company it recently acquired – adding to the volatility the technology sector has seen over the past 18 months.
In an emailed statement, a Lemonade spokesperson told TechCrunch that it was “able to offer a...
The fintech sector has had its ups and downs as of late, with Klarna experiencing hefty valuation cuts, Fast shutting down and Robinhood and Better conducting mass layoffs. Despite the market turbulence, investors remain bullish on the potential value that financial technology startups can bring worldwide.
To understand how...
While credit cards are ubiquitous in the U.S., they are far less so across Latin America, where people — especially lower-income members of the population — have historically relied on cash for payments.
But the market in LatAm has shifted in recent years, and with increased digital adoption, more...
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Loft, a Brazilian proptech unicorn, has laid off about 380 employees, or 12% of its workforce, the company announced today.
The layoff marks the company’s second round of cuts this year so far. In April, Bloomberg Linea reported that Loft had cut 159 jobs. That would mean that Loft has...
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a...
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a...
Brex’s announcement last week that it would stop serving small-to-medium-sized businesses shocked — and upset — many in its suddenness and delivery.
The fintech decacorn, which started its life as a provider of cards to startups and SMBs, began notifying customers last week that they would be cut off...
