Online lending Archives

Tracking Klarna’s plunging valuation

Tracking Klarna’s plunging valuation

July 3, 2022 Mary Ann Azevedo 227 ViewsFintech, Fintech Roundup, Klarna, Startups, The Interchange, venture capital 7 min read

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 look at the hottest fintech news of […]

Fintech Klarna reportedly raising at a $6.5B valuation, giving new meaning to the phrase ‘down round’

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Fintech Klarna reportedly raising at a $6.5B valuation, giving new meaning to the phrase ‘down round’

July 1, 2022 Mary Ann Azevedo 233 Viewsbnpl, Fintech, Klarna, payments, Startups, Sweden, venture capital 1 min read

In a sign of the times, Swedish buy now, pay later giant Klarna is reportedly close to inking a new round of funding that would slash its valuation to $6.5 billion — about 1/7 of what the company was valued in June of 2021. The Wall Street Journal reported today, citing anonymous sources, that Klarna […]

Middesk raises $57M to automate business verification and underwriting

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Middesk raises $57M to automate business verification and underwriting

June 9, 2022 Kyle Wiggers 206 ViewsAccel, Canapi Ventures, Enterprise, Fintech, funding, Gaingels, identity, identity management, Insight Partners, Middesk, Sequoia, Startups, underwriting 4 min read

Middesk, a platform designed to automate business verification and underwriting decisions, today announced that it raised $57 million in a Series B round co-led by Insight Partners and Canapi Ventures with participation from Sequoia, Accel and Gaingels. Co-founder and CEO Kyle Mack said that the new capital will enable Middesk to triple its headcount to […]

Affirm’s CTO talks transparency and the tech that makes BNPL possible

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Affirm’s CTO talks transparency and the tech that makes BNPL possible

April 30, 2022 Mary Ann Azevedo 213 Viewsaffirm, bnpl, Buy Now, buy now pay later, Co-founder, credit card, EC Fintech, finance, financial services, Fintech, Libor Michalek, Max Levchin, money, online payments, Pay Later, PayPal, sales 3 min read

TechCrunch sat down with Libor Michalek, president of technology at Affirm, to understand just how the company differentiates itself from its plethora of competitors.