Welcome to Techcrunch Fintech!
This week, we are examining how the heavy goods vehicles such as Klarna and Stripe incorporate the crypto into their strategies, that companies provide for IPOs, an announcement of the Super Bowl of a Fintech, the new parade of startups and capital- Risk of stripe, and more!
To obtain an overview of the biggest and most important Fintech stories of Techcrunch delivered in your reception box every Tuesday at 8:00 am PT, Subscribe here.
The great story
Klarna CEO, Sebastian Siemiatkowski, published in a February 8 Publish that he and klarna would be “kiss the crypto. “The Swedish purchase now, paying Giant later would also be planned an initial American public offer in April with an objective of an evaluation of $ 15 billion, according to the Financial time. Even if it would be about a third less than its Cutting -edge assessment of $ 45.6 billion In 2021, it would still be “one of the biggest lists of the year,” reports FT. Klarna was valued at 6.7 billion dollars When he raised $ 800 million in 2022.
Dollars and cents
KhaznaAn Egyptian fintech startup which offers financial services adapted to low and intermediate income workers, recently obtained $ 16 million In pre-series B funding, for total funding to more than $ 63 million.
Rapyd financial network East Seek to raise $ 300 million In a new financing cycle that would appreciate the global payment platform at 3.5 billion dollars, a considerable decrease in its Evaluation of approximately $ 9 billion Located in 2021.
Fintech holder who became HR Get by Try to lay the foundations for an IPO. On February 4, he declared that his annual income execution rate climbed to $ 800 million In 2024 after having increased by 70%. He also sold $ 300 million in secondary shares in General Catalyst and an unnamed “sovereign investor”.
SuperlogicalA startup that helps consumers a way to apply reward points to experiences such as field tickets at NBA games, A lifted $ 13.7 million an evaluation of $ 200 million.
A clearer image of BenchThe fall is emerging thanks to the new outing bankruptcy. The files show that the Canada -based startup, which has ironically offered cloud accounting software for small businesses, has constantly had trouble achieving profitability. He burned $ 135 million in his foundation in 2012 to September 2024. At the time of His collapseThe bench was forced to close due to a “liquidity crisis”, according to the files. The company has since been acquired by employment.com. However, Bench’s bankruptcy offers a window on the dangers of too many debts for startups. Charles Roulet take a look at.
Band has closed on its purchase of $ 1.1 billion of the Pont de la Platform Stablecoin – marking the payment giant The largest acquisition to date and a tangible push in the crypto.
In other news from Stripe, Techcrunch has learned that the payments giant typed Asya Bradley To serve its VC startups and partnerships. Bradley had previously occupied income roles at Synapse and Sila. It is also an LP in the venture capital funds Ganas Ventures and Cowboy Ventures.
The star of Philadelphia Eagles Running Back, Saquon Barkley, has not only Become an investor in the Fintech startup RampBut he was also the star of the company’s first advertising of the company.
High interest titles
The US Consumer Finance Consumer Consumer Chief (CPFB) tells all the staff to stop work,, days after the Trump administration Firm the office seat for a week.
Thank you for reading! Until next week … Follow me on x @BayareAwriter To break the new fintechs, coffee publications, and more.