Tag: Startup

The Fintech 50 2023 forbes.com/lists/fintech50 he past year has been brutal for some fintech startups, as valuations crashed, cash dwindled, layoffs mounted and fire sales and failures loomed. With stock prices for publicly traded fintechs off an average of 60% from their peak, private funding has plummeted too–in 2022, venture capitalists invested $75 billion globally

Haul247, a Nigerian end-to-end logistics platform connecting businesses to haulage and warehousing assets, has raised a $3 million seed round. Gender-lens investing fund Alitheia Capital provided the equity capital, with Investment One contributing $1 million in debt financing. The logistics startup allows small businesses and large companies to book trucks and warehouses across multiple African…

Make way for another forum on AI safety. The UK government has announced it will convene a “global” AI summit this fall with the aim of agreeing “safety measures to evaluate and monitor the most significant risks from AI”, as its PR puts it. There’s no word on who will attend as yet — but…

Share to FacebookShare to TwitterShare to LinkedinDanielle Cohen-Shohet, founder and CEO of GlossGenius, one of 19 newcomers on the Fintech 50 list. Glossgenius; Creative Crop/Getty Images Venture capital funding is down dramatically, but innovation is still thriving, with 19 of the companies on our eighth annual honor roll new to the list. Reported by Steven…

Share to FacebookShare to TwitterShare to LinkedinPatrick Collison, cofounder and CEO of Stripe, the payments giant that remains the most valuable privately held U.S. fintech despite a steep drop in its valuation. Photo by Ethan Pines for Forbes; Yevgen Romanenko/Getty Images Its valuation has fallen by nearly half, but Stripe, at $50 billion, remains the…

COVID-19 has upended many aspects of busienss, including the way enterprises sell software. As the pandemic kept people at home, SaaS sales teams were forced to adjust their strategies. In the past, they relied mostly on in-person meetings to close deals, but with social distancing measures in place during the pandemic, they turned to the…

The DevOps software provider’s shares accomplished something impressive today…

While cloud computing has transformed just about every industry on Earth, a burgeoning backlash has led some businesses to seek alternatives to the Big Tech-dominated public cloud. Vendor lock-in, spiralling costs, security concerns, and a lack of control over how their data is processed are just some of the reasons companies might retreat from cloud-first…

Ceci Kurzman has spent much of her career building and investing in brands and serving as one of the few Black female board members for companies, including Lanvin, Revlon and Warner Music+. While investing on behalf of some clients interested in beauty and personal care, Kurzman saw a gap in what kinds of products were…

The Netherlands-based automaker has big plans for new electric vehicles…