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Tally, a promising fintech backed by a16z, has closed its doors after raising $172M. The shutdown is attributed to a significant cash shortfall, highlighting the challenges in the fintech space. Check out the latest news:- https://lnkd.in/gerBh7Wa #Fintech #Startup #Tally #a16z #BusinessNews

Capital on Tap: The bootstrapped UK Fintech Unicorn Capital on Tap provides credit cards for small businesses. It was founded in 2012 by David Luck and has since seen insane growth: 🚀 £219m annual revenue (2023) 🚀 >£4 billion of funding provided 🚀 200,000 small businesses are customers Do you want to know the most interesting part? They’ve done it without ever raising money from VCs! Originally backed by three early angel investors, Capital on Tap has been on-off profitable since 2017 (including £25m of profit in 2021!). When they were big enough they raised credit facilities to enable them to provide more loans, however not in the classic cash-for-equity VC deal. As a result, Capital on Tap has never raised the big equity rounds that come with lots of press coverage and a high valuation. Instead they’ve been quietly building an incredible business which, based on their financials, would have no trouble raising money at a unicorn status if they wanted to! They also expanded into the US - making it one of the few UK fintechs to successfully do so. Congrats to the team - another great UK Fintech doing impressive things! #fintech #founders #startups

WCP is delighted to share our latest report, #FinTech - How #Startups Get #Acquired, authored by Managing Director Nirvikar Jain.   Covered in this #report: *How Companies Get #Acquired - #Lessons from 45,000 #startups ***Key #Themes and #Takeaways ***Outcomes of Startups By #Funding Round and Post-Stimulus ***Time to #Exit & #Valuation and #Tech M&A *FinTech #Quarterly #Update – Q3 2024 ***Commentary on the FinTech #Market Overall ***M&A #Volume for FinTech #Companies by #Sub #Sector in H1 2024 ***#Venture #Financing #Deal Volume and #Median Post-Money Valuation ***#Deals in FinTech over the past 12 months *And much more Get your copy of the report here: https://lnkd.in/gU7cy3pC #ExperienceWCP #MergersAndAcquisitions #MandA #Exits #Tech #Deals #FinancialTech

Shares of fintech SaaS company Trust Fintech made a strong market debut on Thursday (April 4) as the stock was listed with a substantial premium of 42% on NSE SME. The company’s shares were listed at Rs 143.25 apiece as against its issue price of Rs 101 per share. 🚀 Join the startup revolution! Follow StartupTrak for the latest and hottest startup news, inspiring stories, and game-changing innovations! 💯❤️🔥 . . #TrustFintech #FintechSaaS #StockMarket #NSE #SMEListing #MarketDebut #SharePrice #BusinessNews #FinancialTechnology #MarketPremium #StockExchange #InvestmentOpportunity #MarketPerformance #BusinessGoals #StartupNews #StartupTrak

We've made it easier to distribute shares/equity directly to shareholders through our smart wallet. Shares land directly into shareholders' wallets, ensuring immediate ownership without delays. Real-time updates allow all shareholders to see their holdings instantly and every transaction is recorded to make audits and compliance a breeze for your team! Now you can increase your shareholder's satisfaction and trust while your team focuses on what truly matters- growth and innovation. Automate many manual processes with our simplified shareholder wallet, a top feature of our cap table management tool. Save hours of administrative work and reduce the potential for human error. Sign up now at: https://zurl.co/ycnV or reach out directly to the team via WhatsApp: https://zurl.co/6lwm #Wallets #ShareholderWallets #CapTables #AfricanStartups #Startups #FutureLiquidity #RaiseAfrica #Ownership #Liquidity #Raise #VentureCapital #AfricanFounders #Founders #Productivity #AfricanStartups #StartupGrowth #Growth #CleanCapTables #EquityWallets #StartupManagement

7 fintech startups to watch this year👇 Payhawk - Johannes Zimmermann, Hristo Borisov, Liliya Marinova, Konstantin Dzhengozov  Moss - Anton Rummel, Amelie Orterer, Cindy Oran, Ante Spittler  Klarna - Sebastian Siemiatkowski, Lisa Björnberg, David Sandstrom, Lisa Kennelly  Spendesk - Rodolphe A., Luc Hancock, Sarah Whipp,  Chime - Vineet Mehra, Chris Britt  Trade Republic - Julian Collin, Marco Cancellieri, Dora Trostanetsky  Vivid Money - Alexander Emeshev, Elena Arefeva  It's exciting to see new fintech players bring fresh ideas to the table. They are redefining the way we save, invest, and manage our finances.  #fintech #startups #roundup

💼 8i Ventures Exits M2P Fintech with 12x Returns. In a remarkable financial achievement, 8i Ventures has successfully exited its investment in M2P Fintech, realizing a 12x return on its investment. 💰 Strategic Exit: - The exit highlights the robust growth and potential of M2P Fintech in the rapidly evolving financial technology sector. - This successful return underscores 8i Ventures' ability to identify and nurture high-potential startups. 📈 Market Impact: - M2P Fintech has established itself as a key player in the fintech landscape, providing essential solutions that drive innovation in financial services. - The exit showcases the increasing investor confidence in fintech companies, reflecting a booming market. 🚀 Future Prospects: - 8i Ventures’ exit sets a strong precedent for future investments, indicating a positive outlook for both investors and the fintech ecosystem. - M2P Fintech is well-positioned for continued growth, further attracting interest from potential investors. 8i Ventures' successful exit from M2P Fintech exemplifies the potential for significant returns in the dynamic fintech sector, reinforcing the importance of strategic investments. #8iVentures #M2PFintech #Microshots #FintechInvestment #StartupExit

#SequoiaCapital has offered to buy $861M worth of shares in Stripe from its limited partners, reported by Axios. Read more about #MicroVentures’ portfolio company: https://lnkd.in/gZ3G4_73 #invest #investing #investment #startup #startupfunding #venturecapital #fintech

With Funding Down 70%, Here’s What Fintech’s High Flyers Are Worth Now #Fintech #Funding #Startup #Tech #TSGTSG #SoftwareAssurance #BusinessSystems #BusinessSolutions #SoftwareTesting #SoftwareSolutions #QA #SoftwareQualityAssurance #TestDrivenDevelopment #TestManagement https://soamp.li/la1y

@Angelo, your support process seems designed to frustrate, not fix. Generic responses, shifting reps, broken promises. This erodes trust. How will you change this? #accountabilitymatters #TheFundedTrader Subject: Open Letter to Angelo, CEO of The Funded Trader: A Case Study in Failed Customer Support and Ignored Platform Glitches Dear Angelo, and Fellow Traders, I'm writing today out of desperation after exhausting all internal channels within The Funded Trader. My experience highlights a deeply concerning pattern of unresponsive support, technical incompetence, and a disregard for the devastating impact these issues have on traders. My Case in Brief: Wrongful Termination: My account was wrongfully terminated due to a documented platform glitch that generated a false profit. The Funded Trader claims a "daily loss breach," which is impossible given my trade history and market conditions. Evidence Dismissed: I've provided detailed spreadsheets, screenshots, and market data. None of this has been addressed with counter-evidence or technical analysis. Generic Replies: Responses are inconsistent, ignore my specific case, and come from constantly shifting representatives. 10+ Days, 100+ Messages: No resolution, just delays and further frustration. This Isn't Just About Me: My story is a cautionary tale for the trading community. Here's what The Funded Trader's actions demonstrate: No Technical Understanding: Their inability (or refusal) to analyze platform glitches puts ALL traders at risk of wrongful termination. Broken Resolution System: Their process is designed to wear down clients, not provide solutions. Promises made by one representative (like Marco's offer of restoration) are ignored by others. Trust Eroded: This experience contradicts their claims of trader-centric values. Can anyone trust a platform where errors lead to punishment, not resolution? Open Questions for Angelo: Will you personally review my case and explain how my documented trades align with their claimed breach? What safeguards will you implement to prevent other traders from suffering the same fate due to system errors? How will you rebuild trust with a community witnessing this lack of accountability? Fellow Traders: I'm sharing this publicly to protect others. If you've experienced similar issues, please comment and let's amplify this problem. This is not how any trading platform should operate. The Funded Trader must address these critical flaws before another trader's hard work and capital are unjustly lost. Sincerely, Maryam Khan