Fintech startup Ramp sees 32% bump in valuation, Mercury expands into consumer banking
Reading Time: 2 minutesThe big story
Analysis of the week
You can listen to the Equity crew discuss this week’s fintech news here:
Dollars and cents
Berlin-based embedded fintech startup finmid has raised $24.7 million in a Series A round at a $107 million post-money valuation to further build out its product and enter new markets.
Since 2015, Pula, an insurtech based in Kenya, has been keen on enhancing the access to agricultural insurance by small-holder farmers across emerging markets. So far, the insurtech has supported 15.4 million farmers in Africa, Asia and Latin America to get insured, and it is eyeing more following a $20 million Series B funding round.
Midas, a fintech startup that allows people in Turkey to invest in U.S. and Turkish equities, says it has raised $45 million in a funding round led by Portage of Canada.
Rumor has it that HR/fintech startup Rippling is raising $200 million, with another $670 million worth of shares being sold by existing stockholders.
What else we’re writing
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Inside LemFi’s play to be fintech to the Global South diaspora
High-interest headlines
Pipe launches embedded capital-as-a-service for small business
Kamina raises $3.2M in Ecuador’s largest pre-seed round
Finix launches tool to onboard merchants for payment acceptance
This fintech wants to finance the middle class. SRM Ventures ‘lent’ R$40M to the idea
Forage and Uber Eats partner on SNAP EBT grocery delivery (TC previously covered Forage here.)
Public acquires Stocktwits trading accounts
Bolt co-founder pulled strings on unusual stock buyback, suit alleges
Ref: techcrunch
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